Imperial Capital 8th Annual Global Opportunities Conference Waldorf Astoria, New York September 18, 2014
Business Composition Revenue by Business Segment Well Servicing Fluid Management 38% 62% * All revenue from continuing operations as of 6/30/14 3
Shale-Focused Operations Pennsylvania Operations Marcellus/Utica New York, W. Virginia, Ohio, Pennsylvania Texas Operations Eagle Ford Eaglebine Haynesville Mississippi Operations Wolfcamp Tuscaloosa Shale…
Scope of Services What We Do Drilling Completions Production Abandonment Conventional / Well Chemical/fluid Temporarily unconventional maintenance & products well servicing plug workovers Transportation, Toe preps, drill-…
Well Servicing Segment Asset Type Count Revenue: 70.4 million Service Rigs 169 EBITDA: 14.2 million Coiled Tubing Packages 6 Employees: 1,212 Tubular Test Units 9 Locations: 15 Fleet Expansion Service Rigs Segment Revenue by…
Rig Fleet Characteristics More than 90% of rig fleet built with: high HP required for shale resources min. pulling capacity of 240,000 pounds Superior auxiliary package complete with: higher HP pumps BOPs pipe handlers power…
Specialized Well Services Unconventional well servicing using coiled tubing optional string sizes: 1 , 2, 2 3/8 toe-preps, drill outs, clean outs Specialized pump jobs nitrogen pump downs high-pressure pump downs Tubular…
Fluid Management Segment Asset Type Count Revenue: 42.8 million Vacuum Trucks 463 Pump Trucks 21 EBITDA: 8.2 million Hot Oil Units 28 Employees: 969 Winch & Pole Trucks 79 Locations: 15 Storage & Mixing Tanks 3,295 SWD Wells:…
Specialized Fluid Services Hot oil units used to remove paraffin Fluid engineers provide chemical make-ups Chemical mixing plants enable on-site blending Product offerings chemicals, brine water, fresh water and other…
Leaders in Safety Performance Manager participation Safety- minded employees Continuous training Newer equipment 11
Customer Sample MAJORS LARGE INDEPENDENTS Sample represents 83% of consolidated revenue 12
Why Customers Choose Forbes Reliable, experienced people People Newly built fleet Custom engineered Equipment equipment designs Safe, efficient work flow Process Service when & where our customers demand Service 13
Operational Updates Expanding our Fleet Fully active fleet of six coiled tubing packages Adding five more service rigs through YE 2014 Adding specialty fluid-related equipment Business drivers indicate growth opportunities…
Financial Performance 1) Adjusted EBITDA from continuing operations through 6/30/14 15
Liquidity ( millions) August 12, 2014 Cash 29.9 June 30, 2014 Senior Unsecured Notes due 2019 280.0 Equipment Notes 13.5 Insurance Notes 1.5 Total Debt 295.0 Revolving Credit Facility Availability 70.8 Letters of Credit 5.9…
Forbes: A Leader in Oilfield Services Founded: 2003 Services: fluid management, conventional well servicing, coiled tubing, tubular testing, well abandonment Rank: 5th largest U.S. well servicing provider Revenue: 437.6 million…
Loading...
