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MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd.

Enerflex Ltd. · Mar 23, 2015 · 34 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. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 1
    COMPANY OVERVIEW March 2015
  2. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 2
    Market Information TSX Ticker Symbol EFX 52-Week Price Range 20.99 - 14.64 Market Capitalization 1.3 Billion Shares Outstanding 78.5 million Held by Management 1% Annualized Dividend 0.34/share Annualized Dividend Yield…
  3. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 3
    Q4 2014 Highlights Engineered Systems backlog of 916.5 million as at December 31, 2014 (a 15% increase over the same period in 2013) Revenue for the twelve months ended December 31, 2014 was 1.8 billion (a 27% increase over the same…
  4. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 4
    Full Cycle Natural Gas Solutions Compression, Processing and Power Generation Solutions Revenue * 1.8 Billion Market Cap 1.3 Billion Shares 78.5 Million Outstanding Annualized Dividend 2.2% 52 Week High 20.99 52 Week Low…
  5. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 5
    Standardized and Customized Equipment Compression and Process Reciprocating and rotary screw compression applications. Small to large horsepower (200 hp 10,000 hp). Conventional and unconventional plays. Production and…
  6. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 6
    Recurring Revenue Focus Full after-market services for gas engine compressors and power generators. Full turnkey rental opportunities in growth markets. Power generation solutions (250 kW to 50 MW). Construction and product…
  7. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 7
    Enerflex The Single Source 8
  8. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 8
    Consolidated Revenues Regions 1,780.7 1,800.0 1,501.7 1,600.0 1,405.0 682.8 1,400.0 1,227.1 1,067.8 592.1 Canada & 1,200.0 524.9 Northern US 1,000.0 524.2 Southern US 453.8 800.0 & Latin 799.1 America 512.1 503.7 600.0…
  9. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 9
    Revenue by Geographic Segment and Product Line Geographic Distribution 2014 2013 17% 27% 5% 37% 38%37% 37% 45% 36%3 Canada and Northern United Southern United States and Latin International States America Product…
  10. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 10
    Enerflex The Growth Strategy June 2014 Acquistion of Axip International 2,000,000 140,000 CAGR (Revenue) : 12.3% 2010 Merger of 1,800,000 Enerflex Systems CAGR (Operating Income) : 8.8% Income Fund & TESI 120,000 1,600,000…
  11. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 11
    LIQUEFIED NATURAL GAS
  12. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 12
    Global LNG Situation Global LNG has become an increasingly attractive market driven by major natural gas discoveries, robust global demand and technological developments. Global LNG Themes Numerous LNG projects are expected to enter the…
  13. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 13
    Worldwide LNG Opportunities 2017 2020 Projected 2.8 6 BCF per day first LNG exports potential LNG exports from two to four projects by 2025 CANADA UNITED STATES 11 BCF per day expected LNG exports in AUSTRALIA 2020…
  14. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 14
    CANADA
  15. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 15
    Canada Markets we Serve Manufacturing Facilities 3 Retrofitting Facilities 2 Service Locations 28 Service Vehicles 220 Calgary Specialize in Cold Weather Compression and Processing Applications 16
  16. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 16
    LNG Projects Exports of LNG to the Asian market will help support development in the Montney, Horn River, Liard and Cordova Basins. LNG has received support Proposed and Existing Natural Gas Pipelines from Canadian provincial and…
  17. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 17
    Gas Drive Global LP Global Platinum Power Packager Gas Drive packages and services Waukesha engines worldwide and is the authorized distributor for GEs Jenbacher engines and parts in Canada. 18
  18. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 18
    Electric Power Opportunities Industrial Applications Island Mode Prime Power Co-Generation Combined Heat and Power Applications Energy Export Flare Gas to Energy Landfill Gas to Energy Biogas to Energy 19
  19. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 19
    UNITED STATES OF AMERICA
  20. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 20
    United States Markets we Serve Regional head office and manufacturing facility in Houston, Texas. Sales and Service locations situated across the region. Strategic Advantages Tidewater location for international shipping.…
  21. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 21
    US Growth Opportunities 22
  22. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 22
    Gulf Coast LNG Overview Massive industrial projects near abundant source gas could add 183 MMtpa of liquefaction capacity by 2020. A favorable regulatory environment makes the Gulf Coast appealing for investors. Gulf Coast…
  23. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 23
    LATIN AMERICA
  24. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 24
    Latin America Strong focus on compression and processing equipment Mexico and after-market service. Modern and technologically up-to-date equipment. Colombia Compression fleet of 405 units with approximately 248,000 horsepower.…
  25. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 25
    INTERNATIONAL
  26. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 26
    AustralAsia GLADSTONE QCLNG APLNG Projects include: GLNG GALILEE ARROW Gas-gathering infrastructure for LNG plants on COOPER BOWEN/ SURAT Australias northwest shelf GUNNEDAH Coal-seam gas compression systems ICHTHYS…
  27. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 27
    SE Asia Indonesia is currently suffering from gas shortages and looking for ways to increase production through unconventional production. Focus on offshore production platforms and floating production units. Bangkok…
  28. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 28
    Middle East / North Africa Expected to lead the world in natural gas production over the next 20 years with an estimated 44% of the worlds proven reserves. Growth will be driven by: LNG; Power generation; Bahrain Desalination…
  29. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 29
    FINANCIAL OVERVIEW
  30. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 30
    Focused on Profitable Growth 600,000 25.0% 20.7% 500,000 19.3% 18.2% 18.4% 20.0% 15.7% 19.3% 17.8% 400,000 17.3% 16.9% 15.0% 15.4% 300,000 9.5% 8.7% 8.7% 10.0% 8.2% 6.5% 6.8% 200,000 7.6% 5.4% 4.7% 5.0% 100,000…
  31. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 31
    Regional Backlog 1,200 1,000 242 207 182 800 332 309 296 303 154 307 324 600 270 285 331 159 217 227 297 220 164 252 400 307 228 190 211 278 455 435 243 359 280 362 472 459 200 423 409 370 297 255 241 223…
  32. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 32
    Financial Strength 2010 2011 2012 2013 2014 EBIT 60,118 84,841 117,341 87,341 125,734 Depreciation & Amortization 39,113 42,171 39,487 39,595 56,799 Cash Taxes Paid (10,989) (27,134) (16,951) (27,106) (34,667) Cash Interest Paid…
  33. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 33
    Investment Thesis Proven track record of creating shareholder value through Growth and Dividend Income. Operating income has grown at a CAGR of 8.8% over the past 10 years. Increased dividend by 42% over the past three years.…
  34. MARCH 2015 COMPANY OVERVIEW – Enerflex Ltd. – slide 34
    Well Positioned as a Natural Gas Compression and Processing Solutions Provider

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