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SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc.

Ensign Energy Services Inc. · Aug 13, 2011 · 41 slides

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Slides

  1. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 1
    CORPORATE PRESENTATION September 2011 Performance Excellence Second to None
  2. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 2
    Disclaimer This presentation contains forward forward-looking looking statements based upon current expectations that involve a number of business risks and uncertainties. The factors that could cause results to differ materially…
  3. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 3
    Agenda Performance Excellence Second to None
  4. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 4
    Global Reach. Local Focus Companies that bring forward cost cutting solutions f th for their i clients li t are those th that th t will ill grow and d succeed d Performance Excellence Second to None
  5. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 5
    Current Operations Canada Poland USA Mexico Venezuela MENA Australia A Argentina ti New Zealand Performance Excellence Second to None
  6. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 6
    Vertical Integration 3 OILFIELD RENTALS 340 DIVISIONS 40 DRILLING RIGS DIRECTIONAL 81 38 DRILLING KITS FRAC FLOWBACK CORE RIGS UNITS (PRODUCTION TESTING) 17 3 58 UBD/MPD UNITS ENGINEERING & WIRELINE UNITS MANUFACTURING 3 132…
  7. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 7
    Strong presence in North American Plays Drill Rigs 243* Horn River Montney San Bakken Marcellus J Joaquin i JJonah h 115 128 Basin Niobrara Shale Piceance Woodford Granite G it W Washh H Haynesville ill Canada Eagle…
  8. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 8
    Service Rigs Service Rigs - 132 Horn River Montney San Bakken 31 Marcellus J Joaquin i JJonah h Basin Niobrara Shale 101 Piceance Woodford Granite G it W Washh H Haynesville ill Canada Eagle Ford United States…
  9. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 9
    Frac Flowback Units Frac Flowback Units - 81 Horn River Montney San Bakken Marcellus 33 J Joaquin i JJonah h Basin Niobrara Shale 48 Piceance Woodford Granite G it W Washh H Haynesville ill Canada Eagle Ford United…
  10. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 10
    Directional Drilling Services DD Services - 40 Horn River Montney San Bakken Marcellus 15 J Joaquin i JJonah h Basin Niobrara Shale 25 Piceance Woodford Granite G it W Washh H Haynesville ill Canada Eagle Ford…
  11. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 11
    Core Rigs Core Rigs - 38 Horn River Montney San Bakken Marcellus J Joaquin i JJonah h Basin Niobrara Shale Piceance Woodford Granite G it W Washh H Haynesville ill Eagle Ford Shale Performance Excellence Second…
  12. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 12
    Rental Divisions Rental Divisions - 3 Horn River Montney San Bakken 1 Marcellus J Joaquin i JJonah h Basin Niobrara Shale 2 Piceance Woodford Granite G it W Washh H Haynesville ill Eagle Ford Canada Shale United…
  13. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 13
    Latin / South America Mexico Drill Rigs 6 Venezuela Drill Rigs 8 Workover Rigs 1 Argentina Drill Rigs 7 Workover Rigs 3 Performance Excellence Second to None
  14. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 14
    Middle East North Africa MENA Drill Rigs 15 Performance Excellence Second to None
  15. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 15
    Australasia P l d Poland Drill Rigs 1 Australia ust a a Drill Rigs 14 Workover Rigs 2 New Zealand Drill Rig 1 Workover Rigs 1 Performance Excellence Second to None
  16. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 16
    Trends Operators continue to request rigs to drill out to further total measured depths (TMD) Operators realize value proposition in the ADR style type rigs More attention to non-productive time between wells More directional wells…
  17. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 17
    Trends More Horsepower Ensign Fleet 20% 1000 HP+
  18. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 18
    Trends Horizontal Capable Rigs Ensign Drill Rig Fleet 20% Horizontal H i t l Capable C bl Mobile Top Drive Conventional 80% 80% of fleet is Horizontal Capable Performance Excellence Second to None
  19. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 19
    Trends ADR Type Rigs Ensign Drill Rig Fleet 45% Drilling Fleet ADRs 55% Close to of worldwide fleet are ADRs Performance Excellence Second to None
  20. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 20
    Reduced Cycle Time (Between Wells) The drilling rig sets the pace All ancillary services are on standby until the rig is disassembled, moved and rigged up on the next location. Reducing cycle time between wells reduces standby…
  21. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 21
    Rate of Penetration Comparison ADR Single vs. Telescopic Double Depth Interval 1 0.60 0.50 Telescopic Double Drilliing Speed (m//min) 0.40 ADR Single 0.30 0.20 0 10 0.10 0.00 0 50 100 150 200 250 300 350 400 450…
  22. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 22
    Directional Drilling - Growth Directional and horizontal Vertical Ensign Directional Drilling Services Growth 80% 60 70% 50 60% 40 DD Kits 50% 30 40% 20 30% 10 20% 0 2008 2009 2010 2011e Source: DOB and…
  23. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 23
    Ensign Evolution E l ti from Evolution f a consolidator lid t tot a technology t h l innovator. i t TODAY Over 75% of fleet is considered horizontal 8 No. o oof Acquistions cqu s o s pe per yea year capable; very mobile rigs…
  24. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 24
    Engineering, Procurement & Construction In-house engineering expertise In-house construction and procurement management provides id wholesale h l l rig i costs Worldwide rig up capability Nisku,, Canada Houston, USA Abu…
  25. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 25
    - California Performance Excellence Second to None
  26. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 26
    - Middle East Performance Excellence Second to None
  27. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 27
    - Wyoming Performance Excellence Second to None
  28. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 28
    - Haynesville Performance Excellence Second to None
  29. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 29
    Rig 761 Eagle Ford Performance Excellence Second to None
  30. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 30
    Safety Awareness M Manhours LTI Freq TRI Freq 10 18 9.09 9 16 man hours) 8 7.09 14 7.13 7 12 uency (200,000 m 6 5.57 Man Hours 10 5 4.65 4.13 8 M Injury Frequ 4 3.30 6 3 2.47 4 2 1 46 1.46 1.23…
  31. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 31
    Trading Data TSX: ESI Common shares outstanding 153.2 million Market capitalization 2.6 billion Dividends 2007 0.3225 per share 2008 0.3325 p per share 2009 0.3425 per share 2010 0.3575 p per share 2011e 0.3800 per share…
  32. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 32
    Debt to Equity millions, years ended December 31 2500 Equity Debt (excludes revolving operating facility) 2000 1500 1000 500 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011e* * Estimate based on range of analysts…
  33. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 33
    Revenue - Geographic Segmentation Year ended December 31, 2010 23% Canada 40% United States International 37% Performance Excellence Second to None
  34. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 34
    Revenue millions, years ended December 31 2400 2100 1800 1500 1200 900 600 300 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011e* * Estimate based on range of analysts forecasts Performance Excellence Second to None
  35. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 35
    EBITDA 650 600 550 500 450 400 350 300 250 200 150 100 50 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011e* * Estimate based on range of analysts forecasts Performance Excellence Second to None
  36. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 36
    Income millions, years ended December 31 350 300 250 200 150 100 50 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011e* per share 0.35 0.66 0.79 1.12 2.25 1.64 1.70 0.82 0.78 1.28 1.72 * Estimate based on range of…
  37. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 37
    Return on Equity Percent, years ended December 31 40 30 20 10 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011e 2011e* * Estimate based on range of analysts forecasts Performance Excellence Second to None
  38. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 38
    Financial Summary millions, six months ended June 30 Six months ended June 30 2011 2010 % change Revenue 836.7 610.4 37 EBITDA 235.4 140.9 67 Income 95.8 54.8 75 Per share 0.63 0.36 75 Cash Flow 220 9 220.9 132 8 132.8 66 Per…
  39. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 39
    Future Growth Strategy Consolidation opportunities Selective organic expansion Differentiate with technology and operational excellence Integrate complementary services Performance Excellence Second to None
  40. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 40
    Ensign is positioned globally as a resource resource--play solution provider. Our goal is to drive well cost down thru application of technology and use of competent and professional crews. Performance Excellence Second to None
  41. SEPTEMBER 2011 CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 41
    www.ensignenergy.com Thank you Performance Excellence Second to None

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