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FEBRUARY 2011 INVESTOR PRESENTATION – North American Energy Partners Inc.

North American Energy Partners Inc. · Feb 2, 2011 · 21 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. FEBRUARY 2011 INVESTOR PRESENTATION – North American Energy Partners Inc. – slide 1
    Investor Presentation February 2011 Rod Ruston President and CEO Forward-Looking Statements The information provided in this presentation contains forward-looking statements and information which reflect the current view of…
  2. FEBRUARY 2011 INVESTOR PRESENTATION – North American Energy Partners Inc. – slide 2
    Investment Highlights Largest construction and mining contractor in the oil sands Solid core business of recurring services with high barriers to entry and near-term growth potential Investment in Canadas oil sands without direct…
  3. FEBRUARY 2011 INVESTOR PRESENTATION – North American Energy Partners Inc. – slide 3
    About the Company Heavy Construction and Mining A leading mining and industrial construction contractor to western Canadian resource industries Founded in 1953 TSX and NYSE listings: NOA Pipeline Piling Revenue by End…
  4. FEBRUARY 2011 INVESTOR PRESENTATION – North American Energy Partners Inc. – slide 4
    Canadian Oil Sands Second largest recoverable oil reserves in the world* billions of barrels Alberta 300 Saskatchewan 264 250 Fort McMurray 200 173 150 132 115 Edmonton 102 100 92 80 50 0 Calgary Saudi Canada Iran…
  5. FEBRUARY 2011 INVESTOR PRESENTATION – North American Energy Partners Inc. – slide 5
    Leading Oil Sands Service Provider Over 30 years experience in the Canadian oil sands Relationships with all major producers Largest and most modern fleet Leading safety and performance culture Active on Every Oil Sands Mining…
  6. FEBRUARY 2011 INVESTOR PRESENTATION – North American Energy Partners Inc. – slide 6
    Oil Sands Mining Projects 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, pipeline…
  7. FEBRUARY 2011 INVESTOR PRESENTATION – North American Energy Partners Inc. – slide 7
    Project Lifecycles Project Development Recurring Services Engineering Commissioning and Design and Start-up Proceeding Initial Operational Delayed Construction Phase Syncrude - Base Syncrude - Aurora Syncrude Aurora South…
  8. FEBRUARY 2011 INVESTOR PRESENTATION – North American Energy Partners Inc. – slide 8
    Stability of Recurring Services Supports the 30 to 40-year operational phase Secured by multi-year contracts, master services agreements and long-term customer relationships Operating oil sands mines are not designed for production…
  9. FEBRUARY 2011 INVESTOR PRESENTATION – North American Energy Partners Inc. – slide 9
    Why Producers Outsource Lower project cost and execution risk NAEP offers 30+ years experience across multiple sites NAEPs core capabilities are mining and construction; customers core capability is oil production More efficient…
  10. FEBRUARY 2011 INVESTOR PRESENTATION – North American Energy Partners Inc. – slide 10
    Barriers to Entry No new competitors entered the market during recent boom Unique operating conditions Harsh climate creates significant challenges for competitors unfamiliar with conditions Few long-term contracts increase…
  11. FEBRUARY 2011 INVESTOR PRESENTATION – North American Energy Partners Inc. – slide 11
    Tailings & Environmental Services Developing complete turnkey service Recently acquired bitumen skimmers and tailings dozers Formed partnership with Boskalis International Recently added Boskalis dredge to oil sands fleet Earth…
  12. FEBRUARY 2011 INVESTOR PRESENTATION – North American Energy Partners Inc. – slide 12
    Ability to Generate Strong Free Cash Flow Fiscal 2008 to 2010 millions 450 400 Increase in Cash from Operating 350 and Investing Activities 300 250 Growth Capex (1) 200 150 Sustaining Capex (2) 100 Working Capital (3) Taxes and…
  13. FEBRUARY 2011 INVESTOR PRESENTATION – North American Energy Partners Inc. – slide 13
    Consolidated Revenue by Segment Piling 12% Pipeline 10% Heavy 78% Construction & Mining 12 Months Ended December 31, 2010 Heavy Construction & Mining Revenue and Gross Margin % YTD revenue up 11% on improved project…
  14. FEBRUARY 2011 INVESTOR PRESENTATION – North American Energy Partners Inc. – slide 14
    Recurring Services Outlook Awarded three-year muskeg removal contract with Shell Awarded four-year master services agreement with Syncrude covering overburden, reclamation and general construction services Awaiting results on…
  15. FEBRUARY 2011 INVESTOR PRESENTATION – North American Energy Partners Inc. – slide 15
    Oil Sands CAPEX Forecast vs. Actuals Forecast Actuals Forecasted Actuals (based on historical average variances) billions 35 30 29 29 28 27 27 26 25 25 25 24 24 24 23 22 21 20 19 20 18 18 18 16 16 16 15 15 14 14…
  16. FEBRUARY 2011 INVESTOR PRESENTATION – North American Energy Partners Inc. – slide 16
    Piling Outlook Q4 demand expected to be moderate; longer-term demand forecast to continue to improve Increasing commercial & industrial construction activity Anticipated increase in large oil sands projects Cyntech acquisition…
  17. FEBRUARY 2011 INVESTOR PRESENTATION – North American Energy Partners Inc. – slide 17
    Pipeline Outlook Fourth quarter activity expected to be minimal Increase in tendering opportunities anticipated in fiscal 2012 expected to benefit overall market conditions TCPL Kearl/Keystone, KL/Horn River, Imperial Oil Kearl…
  18. FEBRUARY 2011 INVESTOR PRESENTATION – North American Energy Partners Inc. – slide 18
    Investment Highlights Largest construction and mining contractor in the oil sands Solid core business of recurring services with high barriers to entry and near-term growth potential Investment in Canadas oil sands without direct…
  19. FEBRUARY 2011 INVESTOR PRESENTATION – North American Energy Partners Inc. – slide 19
    Appendix Recent Oilsands Headlines Two oilsands projects on deck Edmonton Journal (October 2010) CNRL is getting ready to launch two major oilsands projects worth billions of dollars and create thousands of construction jobs '…
  20. FEBRUARY 2011 INVESTOR PRESENTATION – North American Energy Partners Inc. – slide 20
    Recent Oil Sands Headlines Total sets 2017 target for oil sands project Bloomberg (March 2010) Total SAs Joslyn Creek mining project will be approved within two years and the first phase will start production by 2017 Total Canada head…
  21. FEBRUARY 2011 INVESTOR PRESENTATION – North American Energy Partners Inc. – slide 21
    Pipeline Construction Outlook TMX Project Other pipeline opportunities: 2011 Anchor Loop TCPL (Keystone XL) 563 km (36) TMX-2 TCPL (Horn River) Mainlines 500 km (36) TMX-3 Enbridge (Woodland) Extensed 385 km (36) Enbridge (L18) 95…

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