Fourth Quarter and 2014 Overview March 5, 2015 IT'S ABOUT PERFORMANCE
Q4 2014 Highlights Revenue - 276 million Up 23% from Q4 13 - higher activity levels and manufacturing Up 13% from Q3 14 - increased activity levels and dayrates Operating income net percentage 36% Down from 47% in Q4 13 - lower early…
Q4 2014 Highlights Activity levels increased throughout the year, pull back began in late Q4 2014 Net loss of 14 m, down from 29m in Q4 13 due to: 57 m in impairment expenses Higher depreciation expenses Partially offset by higher…
Canadian Operations Q4 2014 Revenue - 87 million Up 18% from Q4 13 rig mix, higher activity & dayrates Up 3% from Q3 14 higher dayrates Operating margin - 46% Up from 45% at Q4 13 - higher revenue, cost containment Up from 44% at…
Canadian Q4 2104 Review Canada Rate Per Operating Day vs Operating Margin Utilization - 57% (1) Dayrates 30,000 Utilization 50% 25,000 Above industry of 45% 20,000 40% 30% 15,000 Up from Q4 13 of 48% 10,000 20% 5,000…
US and International Operations Revenue - 129 million Down 5% from Q4 13 - lower early term revenue Up 3% from Q3 14 - higher dayrates Operating margin - 40% Down from 48% in Q4 13 - lower early term revenue Up from 34% in Q3 14 -…
US Review Utilization - 84% Dayrates (1) (US) US Rate Per Operating Day vs Operating Margin Utilization 30,000 50% 25,000 40% Up from Q4 13 of 62% 20,000 30% 15,000 Down from Q3 14 of 85% 10,000 20% 5,000 10% Dayrates…
Barge Operations Utilization 46% Down from Q4 13 at 86% Down from Q3 14 at 73% Dayrate Barge Rate Per Operating Day vs Utilization (US) Utilization Dayrates US32,795 per day 40,000 100% 80% 30,000 60% 20,000 Down 2% from Q4…
Trinidad Drilling Intl JV Update Saudi Arabia All four rigs operating in Q4 14 Mexico two rigs in country, third rig being shipped, fourth rig in final stages of construction All four rigs expected to be operational by second half…
Rig Location Summary Canada Play Count Montney 14 Duvernay 6 Cardium 5 Frobisher 5 AB Bakken 3 Liard Basin 2 Lloyd Heavy Oil 1 Oil Sands 1 Montney Deep Basin 1 Liard Basin Oil Sands Bluesky 1 Other 22 Duvernay Viking Total…
Financial Review Q4 14 capex of 132 million (includes JV capital) LNG rig, purchased rig, upgrades, maintenance Trinidads portion of JV projects (58 million) 2014 capital expenditures - 335(1) million 2015 capital guidance - 175…
Financial Flexibility Revolver expanded in Q4 14 C200m and US 200m (was US100m) Revolver drawn 15m Cash on hand of 71m Debt to EBITDA at 1.93 times IT'S ABOUT PERFORMANCE 13
Outlook 2015 Prudent capital program with corporate cost reductions Continuing to review international growth opportunities Over 45% of fleet currently under long-term, take-or- pay contract, average term remaining of 1.5 years…
Summary of Results FINANCIAL HIGHLIGHTS Three months ended December 31, For the years ended December 31, ( tho usands except share and per share data) 2014 2013 % Cha nge 2014 2013 % Cha nge Revenue 276,346 224,563 23.1 941,334…
2500, 700 9 Avenue S.W. Calgary, AB, Canada T2P 3V4 T 403.265.6525 Email: investorstrinidaddrilling.com www.trinidaddrilling.com IT'S ABOUT PERFORMANCE
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