2011 NORTH AMERICAN OIL AND GAS CONFERENCE Peters & Co. Limited September 13, 2011 - Toronto OILFIELD SERVICES OIL SANDS EXPOSURE Presentation by: Richard J. Maloney P. Stephen Clark, CMA Vice President Chief Financial Officer 1
FORWARD LOOKING STATEMENT This report contains forward-looking statements which reflect managements expectations regarding the Mullen Group Ltd. (Mullen Group) future growth, financial condition, results of operations, performance,…
Investment Considerations Shareholders Can Expect: Stable Dividend Focused Growth Consistent & Predictable Earnings Diversification Strong Management Team aligned with Shareholders 5
Company Overview 6
Company Overview About Mullen Group: We are an Oilfield Services and Transportation/Logistics company. Our two primary markets are vital to the economy: We provide a wide range of services to the energy and natural resources…
Company Overview Long-Term Strategy: BU Operational Maximize Operational Performance Performance of Business Units Effective Deployment of Capital: Quality & Organically; and Strong Balance Sheet Reward Shareholders…
Our Operating Segments 9
Mullen Group Ltd. Trucking / Logistics Segment Financial Performance ( millions) Revenue 104.0 118.1 OI 15.8 20.3 Q1/11 Q2/11 Service Offerings: Long-Haul & Less-Than-Truckload trucking; Logistics, Intermodal and…
Mullen Group Ltd. Oilfield Services Segment Financial Performance ( millions) Revenue 240.2 175.0 OI 59.8 30.2 Q1/11 Q2/11 Service Offerings Drilling & Drilling Related; Production Services; Specialized Services oil…
Mullen Group Ltd. Oilfield Services Oil Sands Exposure Primary Business Units Treo Drilling Services; Premay Equipment; Canadian Dewatering. Key Drivers and Considerations Expected Annual Investment in Oil Sands - 16-18 b;…
Free Cash Scenarios Operating income = 200.0 million Operating income = 275.0 million ( millions) ( millions) 250.0 300.0 250.0 40.0 200.0 40.0 50.4 200.0 150.0 33.6 150.0 55.0 40.0 275.0 100.0 200.0 100.0 50.0 86.4 50.0…
Summary 18
Rewarding Shareholders: Dividend Policy In line with our dividend model, Mullen Group increased its annual dividend by 100% in the first quarter of 2011, now at 1.00 per share, highlighting Mullen Groups sound financial position.…
OUR MISSION TO ACQUIRE COMPANIES AND IMPROVE THEIR Our Life is the Highway PERFORMANCE 20
Appendix A: Selected Financial Information Balance Sheet Income Statement Year 6 months LTM millions Dec 2010 June 2011 millions Dec 2010 June 2011 June 2011 Working Capital 242.7 157.5 Revenue 1,039.1 633.5 1,198.3 Cash 113.3 47.2 PP&E…
Appendix B: Debt Structure Structured Debt Private Placement Debt: Debt Repayment Six series of debt Maturity 2016 2018 180.0 160.0 USD = 235.0 million 140.0 CDN = 160.0 million 120.0 Rates: fixed 5.47% to 6.39% 100.0 80.0…
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