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PETERS & CO 18TH ANNUAL ENERGY CONFERENCE – Savanna Energy Services Corp.

Savanna Energy Services Corp. · Sep 10, 2014 · 29 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. PETERS & CO 18TH ANNUAL ENERGY CONFERENCE – Savanna Energy Services Corp. – slide 1
    Savanna Energy Services Corp. September 2014 1
  2. PETERS & CO 18TH ANNUAL ENERGY CONFERENCE – Savanna Energy Services Corp. – slide 2
    FORWARD LOOKING INFORMATION This document contains statements that constitute forward-looking statements within the meaning of applicable securities legislation. These forward looking statement include, among others, the company s…
  3. PETERS & CO 18TH ANNUAL ENERGY CONFERENCE – Savanna Energy Services Corp. – slide 3
    KEY CORPORATE DATA Share Price (Sept. 2, 2014) 7.75 52-week share price range 7.25- 9.31 Market Capitalization (Sept. 2, 2014) 692 million Shares Outstanding (fully diluted) 89.3 million Annual Dividend per Share (paid monthly) 0.36…
  4. PETERS & CO 18TH ANNUAL ENERGY CONFERENCE – Savanna Energy Services Corp. – slide 4
    WHY SAVANNA -Organic growth opportunities in all geographies and GROWTH equipment lines -12 new builds, all on multi-year contracts -Long-reach horizontal drilling fleet -Service rig fleet - size and location leverage EQUIPMENT…
  5. PETERS & CO 18TH ANNUAL ENERGY CONFERENCE – Savanna Energy Services Corp. – slide 5
    EQUIPMENT FLEET (as at June 30, 2014) DRILLING RIGS Book Value 766 million 74 North America 5 - Australia CORING RIGS Book Value 77 million 20 - North America WELL SERVICE (WORKOVER) RIGS Book Value 265 million 87 - North…
  6. PETERS & CO 18TH ANNUAL ENERGY CONFERENCE – Savanna Energy Services Corp. – slide 6
    GROWTH INITIATIVES Significant Expansion Opportunities Supported by: -Constructing 4 new build high spec, -Operational Execution deep drilling rigs for North America -People & Infrastructure: -Constructing 8 workover rigs & flush…
  7. PETERS & CO 18TH ANNUAL ENERGY CONFERENCE – Savanna Energy Services Corp. – slide 7
    NEW BUILD PROGRAM NORTH AMERICA AUSTRALIA Adding: Adding: Three 1500hp AC Five new VELOX triples in workover rigs the United States Three new One 1200hp AC flush-by units double for Canada 74 million 59 million Total 2014 capital…
  8. PETERS & CO 18TH ANNUAL ENERGY CONFERENCE – Savanna Energy Services Corp. – slide 8
    SAVANNAS LEADING EDGE DRILLING RIG DESIGN PLATFORM Platform AC Powered, Highly Mobile Craneless rig-up Automated pipe handling Automated catwalk with telescopic trough Highly mobile on pads or between 23,000 ft racking capacity…
  9. PETERS & CO 18TH ANNUAL ENERGY CONFERENCE – Savanna Energy Services Corp. – slide 9
    FORT McKAY PARTNERSHIP OILSANDS EXPOSURE Future GROWTH opportunities SAGD/Slant rigs Fort McKay First Nations INFLUENCE Benefits Agreements in place with producers Progressive business minded community Fort McKay First Nations…
  10. PETERS & CO 18TH ANNUAL ENERGY CONFERENCE – Savanna Energy Services Corp. – slide 10
    GEOGRAPHIES NORTH AMERICA CANADA UNITED STATES 10
  11. PETERS & CO 18TH ANNUAL ENERGY CONFERENCE – Savanna Energy Services Corp. – slide 11
    AUSTRALIA Australia is expected to be the largest LNG exporting country by 2017/2019 Drilling for coal seam gas (CSG) in Queensland to support the east coast LNG projects First LNG is expected mid-2015 for Savannas largest…
  12. PETERS & CO 18TH ANNUAL ENERGY CONFERENCE – Savanna Energy Services Corp. – slide 12
    2014 CAPITAL PROGRAM Total 2014 capital budget: 219 million 5% Expansion Capital-North America 33% Expansion Capital-Australia 35% Maintenance/Upgrade Capital Facilities & Infrastructure Capital 27% 12
  13. PETERS & CO 18TH ANNUAL ENERGY CONFERENCE – Savanna Energy Services Corp. – slide 13
    2014 CREDIT FACILITIES (millions) Available Drawn Undrawn June 30, 2014 Senior Notes (May 2018 maturity) 175 175 - Revolver (5 bank syndicate May 2018 maturity) 250 65 185 Optional Accordion(1) 50 - 50 Partnership Financing 40…
  14. PETERS & CO 18TH ANNUAL ENERGY CONFERENCE – Savanna Energy Services Corp. – slide 14
    EBITDAS & REVENUE (IN THOUSANDS OF DOLLARS) 1,100,000 900,000 700,000 Analyst Range Revenue 500,000 EBITDA 300,000 22% 23% 22% 31% 49% 27% 23% 18% 100,000 33% 29% 13% 17% -13% 2001 2002 2003 2004 2005…
  15. PETERS & CO 18TH ANNUAL ENERGY CONFERENCE – Savanna Energy Services Corp. – slide 15
    APPENDIX ADDITIONAL FINANCIAL INFORMATION SAVANNA EQUIPMENT FLEET CANADIAN WELL COUNT, DEPTH AND DAYS ABORIGINAL PARTNERSHIPS ENVIRONMENTAL SUSTAINABILITY ANALYST COVERAGE 15
  16. PETERS & CO 18TH ANNUAL ENERGY CONFERENCE – Savanna Energy Services Corp. – slide 16
    NET DEBT TO EQUITY (IN THOUSANDS OF DOLLARS) 1,000,000 800,000 600,000 Equity 400,000 Net Debt 22% 200,000 17% 17% 13% 16% 13% 18% 3% 2% 5% 22% 18% 10% 18% 0 -200,000 * Net Debt Gross debt less working…
  17. PETERS & CO 18TH ANNUAL ENERGY CONFERENCE – Savanna Energy Services Corp. – slide 17
    REVENUE SPLIT BY GEOGRAPHY 100% 90% 80% 70% 60% International 50% 40% Canada 30% 20% 10% 0% 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2015 TARGET IS 50:50 CANADA:INTERNATIONAL 17
  18. PETERS & CO 18TH ANNUAL ENERGY CONFERENCE – Savanna Energy Services Corp. – slide 18
    REVENUE BY DIVISION 100% 90% 80% 70% 60% 50% Oilfield Services Contract Drilling 40% 30% 20% 10% 0% 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014E 18
  19. PETERS & CO 18TH ANNUAL ENERGY CONFERENCE – Savanna Energy Services Corp. – slide 19
    DRILLING TELESCOPIC DOUBLES AND TRIPLES Represents 46% of NBV 53% of gross margin (rolling 12M June 30, 2014) Advantages Health, Safety and Environment All rigs since 2010 use AC electric power with bi-fuel capacity Increased use…
  20. PETERS & CO 18TH ANNUAL ENERGY CONFERENCE – Savanna Energy Services Corp. – slide 20
    DRILLING TOP DRIVE SINGLES (TDS) Represents 13% of NBV 15% of gross margin (rolling 12M June 30, 2014) 8 - TDS-2200 Shaunavon, Heavy oil and Viking 15 - TDS-3000 Permian, Cardium, Shaunavon, Heavy oil, Viking Advantages Health,…
  21. PETERS & CO 18TH ANNUAL ENERGY CONFERENCE – Savanna Energy Services Corp. – slide 21
    CORING & DRILLING CT-1500 HYBRID DRILLING RIGS Represents 12% of NBV 12% of gross margin (rolling 12M June 30, 2014) Canada: Coring Oil sands Australia: Coal Seam Gas (CSG) Advantages Health, Safety and Environment Less Manual…
  22. PETERS & CO 18TH ANNUAL ENERGY CONFERENCE – Savanna Energy Services Corp. – slide 22
    WORKOVER RIGS Represents 23% of NBV 17% of gross margin (rolling 12M June 30, 2014) Advantages North America Modern, high capacity rig platform Canadian rigs are free standing (no rig anchors) Leverage to increased oil-based…
  23. PETERS & CO 18TH ANNUAL ENERGY CONFERENCE – Savanna Energy Services Corp. – slide 23
    EQUIPMENT RENTALS Represents 6% of NBV 4% of gross margin (rolling 12M June 30, 2014) 63M invested in various oilfield equipment and auxiliary supplies Advantages Complements drilling and well servicing One stop shop Field and…
  24. PETERS & CO 18TH ANNUAL ENERGY CONFERENCE – Savanna Energy Services Corp. – slide 24
    CANADIAN WELL COUNT & DEPTH 25,000 2,500 20,000 2,000 15,000 1,500 Wells Drilled Depth (m) Wells Drilled Average Well Depth (in metres) 10,000 1,000 5,000 500 - - 2002 2003 2004 2005 2006 2007 2008 2009 2010…
  25. PETERS & CO 18TH ANNUAL ENERGY CONFERENCE – Savanna Energy Services Corp. – slide 25
    CANADA TOTAL ACTIVITY DAYS 180,000 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013…
  26. PETERS & CO 18TH ANNUAL ENERGY CONFERENCE – Savanna Energy Services Corp. – slide 26
    ABORIGINAL PARTNERSHIPS Dene Tha First Nation 2 Drilling Rigs Multifaceted partnerships which create Saddle Creek Cree 3 Drilling Rigs meaningful relationships Nation Benefits for all three stakeholders Blood Tribe 1 Drilling Rig…
  27. PETERS & CO 18TH ANNUAL ENERGY CONFERENCE – Savanna Energy Services Corp. – slide 27
    ENVIRONMENTAL SUSTAINABILITY We minimize the rigs environmental footprint through: Efficiency Reducing the number of buildings and loads (increase mobility, decrease transportation costs and associated emissions) Patented Hybrid rigs…
  28. PETERS & CO 18TH ANNUAL ENERGY CONFERENCE – Savanna Energy Services Corp. – slide 28
    ANALYST COVERAGE FIRM ANALYST Alta Corp. Capital Dana Benner BMO Capital Markets Michael Mazar CIBC World Markets Jon Morrison Cormark Securities Under Review Analyst Departure FirstEnergy Capital Kevin Lo Peters & Co. Jeff…
  29. PETERS & CO 18TH ANNUAL ENERGY CONFERENCE – Savanna Energy Services Corp. – slide 29
    SAVANNA ENERGY SERVICES CORP. Suite 800, 311-6th Avenue S.W. Calgary, Alberta, Canada T2P 3H2 Telephone: 1-403-503-9990 Facsimile: 1-403-503-0654 www.savannaenergy.com infosavannaenergy.com TSX: SVY 29

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