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SEPTEMBER 2011 CORPORATE UPDATE – Canyon Services Group Inc.

Canyon Services Group Inc. · Sep 13, 2011 · 27 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. SEPTEMBER 2011 CORPORATE UPDATE – Canyon Services Group Inc. – slide 1
    Corporate Update September 2011 FRACTURING ACIDIZING COILED TUBING CEMENTING
  2. SEPTEMBER 2011 CORPORATE UPDATE – Canyon Services Group Inc. – slide 2
    Corporate Overview
  3. SEPTEMBER 2011 CORPORATE UPDATE – Canyon Services Group Inc. – slide 3
    Corporate Overview Summary Canyon provides well stimulation services throughout the WCSB: Hydraulic fracturing High-rate nitrogen fracturing Coiled tubing Chemical stimulation Remedial cementing Page 4
  4. SEPTEMBER 2011 CORPORATE UPDATE – Canyon Services Group Inc. – slide 4
    Corporate Overview Montney Gas 816 18,00040,000 50250 Viking Oil 1015 4,00015,000 2040 Bakken Oil 1025 2,0004,000 612 Deep Basin Vrt Gas 35 10,00030,000 40120 Fracture stages/well Deep Basin Hz Gas Fracturing HHP…
  5. SEPTEMBER 2011 CORPORATE UPDATE – Canyon Services Group Inc. – slide 5
    Corporate Overview Summary Rapid growth in our hydraulic pumping capacity Significant operating leverage Industry leading profit margins Avg. consolidated revenue / job has increased 100% yearover- year Newest fleet of hydraulic…
  6. SEPTEMBER 2011 CORPORATE UPDATE – Canyon Services Group Inc. – slide 6
    Corporate Overview Capitalization Equity Capitalization 60.9 million common shares 2.8 million options and warrants 750 million market capitalization Insiders own approximately 10% of common shares Average trading volume of 400k…
  7. SEPTEMBER 2011 CORPORATE UPDATE – Canyon Services Group Inc. – slide 7
    Corporate Overview 2010 Capital Program Expanded into deeper resource plays in the WCSB 2010 capital program of 81 million Added 100,000 hhp and associated equipment since Q4 2009 Page 8
  8. SEPTEMBER 2011 CORPORATE UPDATE – Canyon Services Group Inc. – slide 8
    Corporate Overview 2011 Capital Program Continuing our focus on the WCSB SE Saskatchewan Bakken operations commenced in Q1 2011 2011 capital program of 82 million 50,000 hhp Significant addition of sand handling, transportation and…
  9. SEPTEMBER 2011 CORPORATE UPDATE – Canyon Services Group Inc. – slide 9
    Corporate Overview 2012 Preliminary Capital Program 2012 preliminary capital program of 90 million 50,000 hhp 3 deep coil tubing units 5 cement and acid pumpers Additional N2 pumping capacity and storage Expanding physical and…
  10. SEPTEMBER 2011 CORPORATE UPDATE – Canyon Services Group Inc. – slide 10
    Corporate Overview Pumping Capacity Summary Pumping capacity has grown significantly: Hydraulic Pumping Capacity 2010 Exit 110,500 HHP 2011 Exit 175,000 HHP 2012 Exit 225,000 HHP All pumps built since 2009 are 2,500 horsepower,…
  11. SEPTEMBER 2011 CORPORATE UPDATE – Canyon Services Group Inc. – slide 11
    Trends in Pressure Pumping A Structural Shift in Well Stimulation
  12. SEPTEMBER 2011 CORPORATE UPDATE – Canyon Services Group Inc. – slide 12
    Trends in Pressure Pumping Industry Trends stages per well growing - efficiency and utilization Basin requires 5 fracs / well vs. < 1 frac / well in 2006 Rate increasing in certain plays Pad drilling = multiple fracs / day &…
  13. SEPTEMBER 2011 CORPORATE UPDATE – Canyon Services Group Inc. – slide 13
    Trends in Pressure Pumping Page 14
  14. SEPTEMBER 2011 CORPORATE UPDATE – Canyon Services Group Inc. – slide 14
    Trends in Pressure Pumping Horizontal Drilling Trend in WCSB 7,000 60% 6,000 50% 5,000 40% 4,000 30% 3,000 20% 2,000 10% 1,000 0 0% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011E Hz Wells Drilled…
  15. SEPTEMBER 2011 CORPORATE UPDATE – Canyon Services Group Inc. – slide 15
    Trends in Pressure Pumping Supply vs. Demand WCSB currently holds 1.3 mm HHP growing to 1.5 mm HHP by year end 2011 Increased R&M and downtime Old equipment vs. new designs Pressure pumping capacity fully utilized at…
  16. SEPTEMBER 2011 CORPORATE UPDATE – Canyon Services Group Inc. – slide 16
    Trends in Pressure Pumping WCSB Reservoir Play Summary Resources Play Fracture Stages Fracturing Horsepower Frac Size per Well Required (HHP) (Tonnes / Stage) Horn River Gas 15 30 40,000 50,000 200 300 tonnes Montney Gas 8 16…
  17. SEPTEMBER 2011 CORPORATE UPDATE – Canyon Services Group Inc. – slide 17
    Proprietary Technology
  18. SEPTEMBER 2011 CORPORATE UPDATE – Canyon Services Group Inc. – slide 18
    Proprietary Technologies Developing proprietary and patented technologies Light weight deformable proppants (LWP) Friction reducers for slickwater treatments Foam systems Chemical and fluid systems Use of produced water Page…
  19. SEPTEMBER 2011 CORPORATE UPDATE – Canyon Services Group Inc. – slide 19
    Proprietary Technologies 30 / 50 Light Weight Proppant Superior crush Before After (10,000 psi) strength for a variety of reservoir depths No fines generation to occlude pore spaces Deformation of LWPTM prevents embedment…
  20. SEPTEMBER 2011 CORPORATE UPDATE – Canyon Services Group Inc. – slide 20
    Financial & Operating Performance
  21. SEPTEMBER 2011 CORPORATE UPDATE – Canyon Services Group Inc. – slide 21
    Financial Overview Six Months Ended (000s except per share and job amounts) Q2 2011 Q2 2010 % Increase (Decrease) Consolidated revenues 121,924 64,276 90% Net earnings and comprehensive income 23,477 12,079 94% Per share-diluted…
  22. SEPTEMBER 2011 CORPORATE UPDATE – Canyon Services Group Inc. – slide 22
    Financial & Operating Performance Quarterly Consolidated Revenue per Job 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 Q1 08 Q2 08 Q3 08 Q4 08 Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2…
  23. SEPTEMBER 2011 CORPORATE UPDATE – Canyon Services Group Inc. – slide 23
    Financial & Operating Performance Annual Financial Summary 600,000,000 500,000,000 400,000,000 300,000,000 200,000,000 100,000,000 0 2008 2009 2010 2011E 2012E (100,000,000) Revenue EBITDAS Earnings Page 24
  24. SEPTEMBER 2011 CORPORATE UPDATE – Canyon Services Group Inc. – slide 24
    Financial & Operating Performance Financial Summary Actuals Average Estimates 2009 2010 2011E 2012E Revenue 46.9 215.9 344.9 507.0 EBITDA 0.2 89.7 141.3 204.4 EV/EBITDA n/a 7.8x 4.9x 3.4x Earnings (11.1) 54.4 84.8 125.6 EPS…
  25. SEPTEMBER 2011 CORPORATE UPDATE – Canyon Services Group Inc. – slide 25
    Growth Strategy & Investment Highlights
  26. SEPTEMBER 2011 CORPORATE UPDATE – Canyon Services Group Inc. – slide 26
    Growth Strategy & Investment Highlights Growth Strategy Significant growth of pumping capacity fully funded Expand market share in existing operating areas Continue focus on Deep Basin, Cardium and likely Duvernay Shale Expanded into…
  27. SEPTEMBER 2011 CORPORATE UPDATE – Canyon Services Group Inc. – slide 27
    Growth Strategy & Investment Highlights Investment Highlights Significant near-term growth in capacity and profitability Pressure pumping capacity constraints should continue in North America throughout 2011 and 2012 Greater than…

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