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SEPTEMBER 2014 INVESTOR PRESENTATION – Enservco Corp

Enservco Corp · Sep 23, 2014 · 24 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 2014 INVESTOR PRESENTATION – Enservco Corp – slide 1
  2. SEPTEMBER 2014 INVESTOR PRESENTATION – Enservco Corp – slide 2
    Symbol (NYSE: MKT) ENSV ENSV 1-year price performance 52-week range 1.17 - 3.94 Recent price (8/6/14) 3.88 Avg. volume (3 mo.) 285,000 Shares outstanding 36.8 M Market cap 143 M Warrants 427K (avg. 0.57) Op,ons 3.6 M (avg. 0.66)…
  3. SEPTEMBER 2014 INVESTOR PRESENTATION – Enservco Corp – slide 3
    Top 10 Ins:tu:onal Holders at June 30, 2014 Ins:tu:on Shares Held Cross River 3,514,500 Granahan Investment Management 1,269,000 Hunter Associates 1,200,000 Wellington 680,000 North Star Investment Management 461,056 PerriU…
  4. SEPTEMBER 2014 INVESTOR PRESENTATION – Enservco Corp – slide 4
    Leading provider of well s,mula,on and uid management services to domes,c onshore conven,onal and unconven,onal oil and gas customers Primary Services: Frac Water Hea,ng Hot Oiling Acidizing Fluid Mgt. Only na,onal provider of…
  5. SEPTEMBER 2014 INVESTOR PRESENTATION – Enservco Corp – slide 5
    Beneqng from rapid growth of U.S. unconven,onal oil and gas plays Ability to fund 30%+ revenue CAGR from opera,ng cash ow alone Aggressive capacity and geographic expansion ini,a,ves Strong recurring revenue model: each…
  6. SEPTEMBER 2014 INVESTOR PRESENTATION – Enservco Corp – slide 6
    Rick Kasch President and CEO Responsible for ENSERVCO opera,ons since Company incep,on in 2006 Executed acquisi,ons of ENSERVCOs predecessor businesses with Mike Herman Extensive opera,ng, nancial management, capital forma,on and…
  7. SEPTEMBER 2014 INVESTOR PRESENTATION – Enservco Corp – slide 7
    Aus:n Peitz Vice President, Field Opera:ons More than 18 years of opera,onal experience with ENSERVCO Responsible for all eld opera,ons at Heat Waves and Dillco Fluid Services businesses Directed opening of new service yards in…
  8. SEPTEMBER 2014 INVESTOR PRESENTATION – Enservco Corp – slide 8
    16 million Capex program facilita,ng major expansion of service eet Commercializes LNG, CNG and well-gas fueling op,ons for frac water hea,ng units 2014 PNC Bank approves 40 million credit facility First quarter revenue an all-,me…
  9. SEPTEMBER 2014 INVESTOR PRESENTATION – Enservco Corp – slide 9
    Heat Waves Hot Oil Service Dillco Fluid Service 88% of 2013 consolidated revenue 12% of 2013 consolidated revenue Primary services: Primary services: Frac water hea,ng Fluid hauling Hot oiling Fluid disposal Acidizing Frac…
  10. SEPTEMBER 2014 INVESTOR PRESENTATION – Enservco Corp – slide 10
    Frac water hea,ng is the process of hea,ng the water used to hydraulically fracture oil and natural gas wells. This process ensures uid temperatures meet the requirements of the customers frac design, and that frac solu,ons are warm…
  11. SEPTEMBER 2014 INVESTOR PRESENTATION – Enservco Corp – slide 11
    Hot oiling involves hea,ng and circula,ng oil or similar uids down a well bore, where the uid dissolves and dislodges paran and other hydrocarbon deposits. Hot oiling is also used to heat the contents of oil storage tanks, a process…
  12. SEPTEMBER 2014 INVESTOR PRESENTATION – Enservco Corp – slide 12
    Acidizing involves pumping specially formulated acids and/or chemicals into a well to dissolve materials blocking the ow of the oil or natural gas. Acidizing is used for increasing permeability throughout the forma,on, cleaning…
  13. SEPTEMBER 2014 INVESTOR PRESENTATION – Enservco Corp – slide 13
    ENSERVCOs Fluid Management business transports water to ll frac tanks or reservoirs at well loca,ons, transports contaminated produc,on water to disposal wells, moves drilling and comple,on uids to and from well loca,ons, and transports…
  14. SEPTEMBER 2014 INVESTOR PRESENTATION – Enservco Corp – slide 14
    Rolling stock of service assets appraised at 28 million as of September 2014. Does not include equipment from 2014 Capex ini,a,ve 2014 Capex program set at 16 million, up from 4.7 million in 2013 New equipment expected to add…
  15. SEPTEMBER 2014 INVESTOR PRESENTATION – Enservco Corp – slide 15
    North Dakota 5 Wyoming 10 7 Pennsylvania 6 Colorado 2 1 Kansas 4 3 ENSERVCO Loca:ons Colorado Pennsylvania 1. Denver 6. Carmichaels Headquarters Marcellus Shale & 8 2. PlaXeville U-ca Shale D-J Basin &…
  16. SEPTEMBER 2014 INVESTOR PRESENTATION – Enservco Corp – slide 16
    60.0 in millions 50.0 40.0 Replace with bar chart 30.0 20.0 10.0 - 2009/10 2010/11 2011/12 2012/13 2013/14 Hugoton/Miss. Lime Marcellus/U,ca Bakken DJ - Niobrara Powder River/Green River Other…
  17. SEPTEMBER 2014 INVESTOR PRESENTATION – Enservco Corp – slide 17
  18. SEPTEMBER 2014 INVESTOR PRESENTATION – Enservco Corp – slide 18
    Noble Energy inves,ng 2 billion in D-J Basin on drilling and comple,ons during 2014, and 10 billion from 2013 2017 Anadarko plans to drill and complete 400 wells in D-J during 2014, and up to 500 in 2015 Whi,ng plans to drill…
  19. SEPTEMBER 2014 INVESTOR PRESENTATION – Enservco Corp – slide 19
    Industry consists primarily of small mom and pop and regionally focused service providers Many providers operate aging equipment with limited capacity ENSERVCOs Compe,,ve Advantages: Only na,onal provider of hot oiling, well…
  20. SEPTEMBER 2014 INVESTOR PRESENTATION – Enservco Corp – slide 20
    in thousands 2011 2012 2013 6 Mo. 2013 6 Mo. 2014* Revenue 23,904 31,498 46,474 26,515 32,537 % growth 34% 32% 48% 76% 23% Gross prot 6,076 7,953 14,530 10,252 9,795 % margin 25% 25% 31% 39% 30% Opera,ng income (loss) (1,628)…
  21. SEPTEMBER 2014 INVESTOR PRESENTATION – Enservco Corp – slide 21
    in thousands June 30, December 31, 2014 2013 Cash & Accts. Rec. 9,616 13,554 Current assets 11,886 15,129 Total assets 35,181 33,422 Working capital 5,806 8,174 LT debt, net of current por,on 9,970 11,200 Total liabili,es 18,601…
  22. SEPTEMBER 2014 INVESTOR PRESENTATION – Enservco Corp – slide 22
    Growing ,ght-oil produc,on is expected to drive U.S. output toward historical highs ENSERVCO derives approximately 50% of its revenue from domes,c ,ght-oil market U.S. onshore comple,ons have surpassed 37,000 and are expected to…
  23. SEPTEMBER 2014 INVESTOR PRESENTATION – Enservco Corp – slide 23
    Expand capacity in well acidizing and hot oiling non-seasonal services with strong demand proles Capitalize on strong demand for well enhancement services in Rocky Mountain and Northeastern service territories Leverage…
  24. SEPTEMBER 2014 INVESTOR PRESENTATION – Enservco Corp – slide 24
    Contacts: Rick Kasch Bob Devers Geo High President & CEO Chief Financial Ocer Principal ENSERVCO Corpora,on ENSERVCO Corpora,on Pfeier High Investor Rela,ons 303-333-3678 720-974-3408 303-393-7044 rkaschenservco.com…

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