Heckmann Corporation Timeline Pro-forma 2012 revenues Establishes business guidance: 400M-420M(1) model to serve water Adds executives with extensive experience in Acquires Keystone Vacuum, Inc. and environmental water and…
Company Overview Diversified Environmental Services Provider Heckmann Water Resources (HWR) 58% of PF 2011 Revenues(1) One-stop shop for energy-related water solutions for E&P companies Scaled infrastructure and asset base…
Investment Highlights Large Scale and Range of Services in Highly Fragmented Sectors Cash Flows from Stable Demand Drivers and Contractual Agreements Diversified Revenue Sources and Customer Base Customer Demand Enhanced…
Diversified Revenue Sources with High Quality Customer Base 42% of PF 2011 Revenue Oil-Weighted 58% of PF 2011 Revenue Water-Weighted Growing RFO demand from re-refining sector Significant revenues from relatively stable produced…
Heckmann Water Resources 7
One-Stop Shop for Water Solutions in Leading Shales Marcellus / Utica 192 trucks 400 frac tanks 10 miles of temporary piping Barnett 52 trucks 67 frac tanks Eagle Ford 115 trucks 230 frac tanks Haynesville 4 salt water…
Produced Shale Oil & Gas is a Byproduct of Water Flowback Water (20% of total water) Average of 6.3 Million Gallons of Water Used Per Well(1) First water returned to surface after well is completed High volume of water over short…
What does the disparity in oil and gas prices mean to HWR Rigs moving out of mature dry gas Increasing Shale Production(1) (Haynesville & Barnet) 30 Historical Shale Production % 2009 Projected 2005: 4.1% HWR focus on produced…
Increasing Need for Water Solutions Increasing Water Production Increasing Demand for HS&E Approach More wells drilled = more water produced Scarcity of health, safety & environmentally qualified businesses in the space, and scale…
Heckmann Environmental Services 12
Heckmann Environmental Services Overview Market Presence One of the largest used oil collection and recycling firms in Seattle, WA l l Spokane, WA the Western U.S. Portland, OR l Eugene, OR l l Bend, OR 19 states served through…
Business Model Reduces Exposure to Commodity Price Volatility Correlated UMO and RFO Prices (1) UMO and Driven by crude 2.00 RFO Prices oil / diesel prices 1.60 Correlated Stabilizes margins 1.20 0.80 The HES Business…
Significant Demand for HEKs Environmental Services Growing Need for Increasing environmental Environmental regulations and social Services enforcement of proper waste disposal Growing Demand RFO is cheaper and higher-BTU…
Highly Fragmented Industry TFI (now HES) is the 3rd largest U.S. collector of UMO with only 5% market share Main sources of competition for HES come from local or regional players The largest collector (SK) has only 18% market share…
Financial Overview 17
Financial Highlights Attractive Business Model Aligned to Competitive Environmental Services Spectrum Accelerating Top Line Growth with Significant Visibility Internal Growth with Supplemental Operating Leverage Significant…
First Quarter 2012 Financial Highlights ( Millions) HWR posts record results of 55.0M in revenue and 10.2M in adjusted EBITDA Revenue tripled and adjusted EBITDA more than doubled year-over-year On a pro-forma basis, which includes…
Pro Forma Capitalization ( Millions) Actual Effect of Acquisition & 3/31/12 Financing T ransactions (1) Pro Form a Cash and equiv alents 1 29.9 (1 27 .06) 2.8 Marketable securities 5.1 (5.1 ) - Debt: Ex isting bank debt 1 37…
2012 Guidance 2012 pro-forma revenues of: 400.0-420.0M 2012 pro-forma adjusted EBITDA of: 95.0-105.0M CapEx budget of 85 million Pro-forma guidance includes TFI as part of HEK since 1/1/2012. 22
Loading...
