Disclaimer Certain information set forth in this presentation, including managements assessment of the CanElson Drilling Inc.s (the Company or CanElson) future plans and operations may constitute forward looking statements under…
Agenda Our Business Our Strategy Standardization Risk Management Opportunism Our Company Track record Team Balance sheet Financial metrics Summary CDI - T 3
Our Business We design and manufacture drilling rigs, set them up, operate them, repair them and improve them We provide our customers with the right rigs, right people and right attitude to get the job done We are the Southwest…
Standardization top performing rigs Small footprint ultra-heavy plug-n-play telescoping double rigs are top performers in every basin we operate Right power for deep and horizontal resource-play drilling More robust CanElson Average…
Risk management seasonal and cyclical Geographically District Drilling Rigs % of fleet of Customers diverse operations Alberta 7 19 10 across North America Saskatchewan/ Manitoba 14 39 20 minimize the seasonal North…
Risk management financial, operational and contractual Our strong balance sheet provides protection Our lower costs will still deliver gross margin when we take the calculated risks of performance drilling Our strong commitment to…
Opportunism right solution for each situation Customer choice: day rates or meterage/footage or combo Ultra-efficient small footprint plug-n-play triple rig now under development for long-reach, horizontal wells estimated deployment…
Opportunism using natural gas on drill rigs Trend: price spread improves economics of natural gas Diesel Fuel Natural gas (equivalent) Saving US 3.70/gallon(1) US 0.34/gallon(2) 91% (1) June 18, 2012 US Energy Information…
Opportunism Anticipating tighter flare gas regulations Trend: Flare gas is being restricted to reduce greenhouse gas emissions and waste Transport Trailer Response 1: Offer gas collection to producers with remote oil & gas wells…
Our Track Record Financial and Operational Growth Measuring growth H1-12 vs H1-11 June 30, 2012 June 30, 2011 Difference (%) Average Fleet Size 34 rigs 24 rigs Up 46% Employees 700 465 Up 51% Service revenue 104 million 66…
Our Track Record industry leading utilization Canada CDI Utilization vs. Industry 100% 75% 50% 25% 0% 2008 2009 2010 2011 2012 CDI CDI: 78% CDI: 50% CDI: 68% CDI: 66% H1 CDI: 56% Industry 41% Industry 24% Industry 40%…
Our Track Record steady growth since 2008 . Even in volatile market conditions In 3.5 years: 35 relevant drilling rigs 24,000 24,000 22,127 22,127 22,000 21,593 21,925 22,000 21,593 21,925 35 deployed 20,000 19,851 20,000…
Strong leadership team, attitude driven from the top COO of Western Lakota Energy Services Inc. Randy Hawkings, P.Eng 33 years of domestic and international E&P and energy services experience President, CEO & Director Worked as drill…
Experienced Board Elson J. McDougald Founding CEO and Chairman of Western Lakota Energy Services Inc. Executive Chairman Founding CEO and Chairman of Tetonka Drilling Inc. & Laredo Drilling Inc. Donald R. Seaman Founding director of…
Solid balance sheet Common Shares 75.7 million Current Share Price1 4.07 / share Market Capitalization 311 million Debt (less cash)2 3 million Enterprise Value 314million Positive Working Capital2 12 million Capital Assets…
Financial Metrics - Top tier of industry within 3 years Canadian Drillers Comparables Full year 2011 First Quarter 2012 CanElson Average of top 9 CanElson Average of top 9 (ranking) Competitors (ranking) Competitors Return on 4.9%…
Financial Metrics - Analysts outlook Metric Analyst Estimate Actual Difference (%) EBITDA 86 million (2012 consensus) 66.1 million (2011) 30% Share Price 6.64 (2012) 4.07 (August 1, 2012) 63% EPS 0.62 0.45 44% The 2012 Analyst…
Summary Our growth strategy is working Our track record is solid Our company is strong Our team is experienced We are well positioned to manage through market cycles CDI - T 19
Corporate Directory Head Office Analyst Coverage 700, 808 4th Avenue SW AltaCorp Capital Inc. Dana Benner Calgary, AB T2P 3E8 FirstEnergy Capital Corp. Kevin Lo Global Hunter Securities, LLC Brian Purdy Auditors National Bank Greg…
Appendix 1 - CanElson Rig Fleet Max Vertical Depth Hookload Mud Pumps Operating Rig Type Draworks Ratings (meters) (pounds) (HP) Area 1 Telescoping Double TSM 850 3,700 375,000 2 x F1000 AB 2 Telescoping Double TSM 850 4,000 400,000…
Appendix 1 - CanElson Rig Fleet Cont Max Vertical Depth Hookload Mud Pumps Operating Rig Type Draworks Ratings (meters) (pounds) (HP) Area 21 Telescoping Double Rig Master 750 4,000 400,000 1 x F800 SK 22 Telescoping Double Rig…
Appendix 1 - CanElson Rig Fleet Cont Max Vertical Depth Hookload Mud Pumps Operating Rig Type Draworks Ratings (meters) (pounds) (HP) Area 40 Mechanical Cantilever Triple National 80B 5,000 500,000 2 x F1000 ND 41 Electric (SCR)…
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