Investor Presentation Second Quarter ended June 30, 2014
Company Overview Mining Mining Founded in 1953 TSX and NYSE listings: NOA Current share price: 6.65 (USD) 52 week high/low: 8.50/4.88 Market capitalization: 235.4 million Shares outstanding: 35.4 million Average daily share…
Restructuring Initiatives Pipeline Divestiture (2012) 16.3 million of proceeds 15.4 million applied to term B facility 30 million working capital recovery Fleet Rationalization (2012/2013) 46.8 million in capital leases refinanced…
Shareholder Friendly Highlights Share Purchase Program In October 2013, announced the intention to purchase 1,800,000 common shares for cancellation, this represented 5% of the issued and outstanding shares. In December 2013,…
Shareholder Friendly Highlights Secondary Offering On May 8, 2014, it was announced that Harbinger had decided to liquidate their holdings in North American. The liquidation was conducted via a secondary offering. A syndicate of…
Net Debt Reduction 450 424 400 355 350 300 Net Debt ( Millions) Term B Facility 250 Term A Facility Series 1 Debentures less Cash 200 Capital Leases (including interest) Equipment Operating Leases 150 139 127…
HC&M Five Year Financial History Revenue and EBITDA Margin 800 700 717 600 636 621 595 500 19% 470 Millions 400 300 11% 11% 9% 9% 245 200 224 5% 7% 100 0 2009 2010 2011 2012 2013 6 months ended 6…
Stronger, Better Focused NAEP is now a pure-play heavy construction and mining (HC&M) focused contractor Simplified business can better target productivity and cost efficiencies Efficient, productive equipment fleet Improved…
First On, Last Off Project Development Phase (3-4 years) Ongoing Operations Phase (30-40 years) Initial mine site development, project site Overburden removal, mine infrastructure development, development, airstrips, piping…
Significant Heavy Construction & Mining Contractor in the Oil Sands Expertise 30+ years in Northern Albertas harsh operating environment Knowledge to come up with best solutions for customers Broad Service Offering Unique suite…
Strategic Focus Pursue operational excellence in safety, productivity, customer satisfaction Continued strengthening of balance sheet Debt reduction, fleet rationalization and cash-flow improvement Grow revenue from activity on…
Outlook for Revenue Growth Increase in activity on existing mine sites as owners grow production Ramp up at Kearl under new five-year agreement Continued support of production efforts at Horizon, Base Mine, Millennium and Steepbank…
Active with Every Oil Sands Client Key Customer Contracts Project put on hold until at least 2017 SUNCOR Site prep work to end in Q3 2014 FORT HILLS CANADIAN NATURAL HORIZON EXXON KEARL 4-year master services agreement…
Potential Production Expansion on Oil Sands Mine Sites Key Customer Production and Expansion SUNCOR Joslyn mine expected: 100,000 bbl/d FORT CANADIAN NATURAL HILLS EXXON Project on hold until at least 2017 HORIZON KEARL…
THANK YOU 15
APPENDIX 16
Piling Asset Sale Payment Terms 1. 227.5 million cash paid at closing (less approximately 5.8 million in outstanding capital lease obligations, plus or minus customary working capital adjustments). In addition, we may receive up to 92.5…
HC&M Heavy Equipment Fleet Owned Equipment Leased Equipment Heavy Trucks, Support Heavy Trucks, Support 106 Equipment, 67 66 Equipment, 152 Loading Equipment, 61 Loading Equipment, 29 Heavy Trucks Loading Equipment Support…
Large, Well Maintained Equipment Fleet Category Own Lease Rental Total SHOVELS 4 2 0 6 EXCAVATORS (100T) 11 3 0 14 EXCAVATORS…
Extra Pictures MSE Wall progress
Forward-Looking Statements The information provided in this presentation contains forward-looking statements and information which reflect the current view of North American Energy Partners with respect to future events and financial…
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