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JANUARY 2014 INVESTOR PRESENTATION – Enservco Corp

Enservco Corp · Jan 1, 2014 · 25 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. JANUARY 2014 INVESTOR PRESENTATION – Enservco Corp – slide 1
    Investor Presenta,on January 2014
  2. JANUARY 2014 INVESTOR PRESENTATION – Enservco Corp – slide 2
    Key Data Symbol OTCQB: ENSV ENSV 1-year price performance 52-week range 0.42 - 1.93 Recent price (1/6/14) 1.77 Avg. volume (3 mo.) 48,000 Shares outstanding 34.9 M Market cap 62.0 M Warrants 2.7 M (avg. 0.55) Options 3.3 M (avg.…
  3. JANUARY 2014 INVESTOR PRESENTATION – Enservco Corp – slide 3
    Valua,on vs. Oil & Gas Services Industry Performance Metrics ENSV Industry Average Net Income Margin (ttm) 8.8 7.9 Return on Equity (ttm) 61% 13% Valua,on Metrics ENSV Industry Average Price/Earnings (ttm) 16.1 22.3…
  4. JANUARY 2014 INVESTOR PRESENTATION – Enservco Corp – slide 4
    Company Overview Leading provider of well stimulation and fluid management services to domestic onshore conventional and unconventional oil and gas customers Primary Services: Frac Heating Hot Oiling Well Acidizing Fluid…
  5. JANUARY 2014 INVESTOR PRESENTATION – Enservco Corp – slide 5
    Experienced Management Team Mike Herman - Chairman and Chief Execu,ve Ocer Began career in family oil and gas business More than 30 years of experience as investor and operator of E&P and oilfield services companies Built ENSERVCO…
  6. JANUARY 2014 INVESTOR PRESENTATION – Enservco Corp – slide 6
    Experienced Management Team Bob Devers Chief Financial Ocer Joined Company in 2013 with more than 20 years of financial management experience Broad industry background includes oil and gas and natural resource sectors Spent 2007 -…
  7. JANUARY 2014 INVESTOR PRESENTATION – Enservco Corp – slide 7
    Notable Events in Company History Preliminary fourth quarter and full-year revenue increases 33% and 47% versus comparable prior-year periods 2013 Service territory expanded into Wyomings Jonah Field, Powder River & Green River…
  8. JANUARY 2014 INVESTOR PRESENTATION – Enservco Corp – slide 8
    Quarterly Financial Performance in millions. From continuing operations. Unaudited. 2011 2012 2013 Key drivers in nancial growth Geographic expansion Increased horizontal drilling New equipment/capacity Higher fluid…
  9. JANUARY 2014 INVESTOR PRESENTATION – Enservco Corp – slide 9
    Opera,ng Subsidiaries Heat Waves Hot Oil Service Dillco Fluid Service 80% of 2012 consolidated revenue 20% of 2012 consolidated revenue Primary services: Primary services: Frac heating Fluid hauling Hot oiling Fluid…
  10. JANUARY 2014 INVESTOR PRESENTATION – Enservco Corp – slide 10
    Service Overview Frac Hea,ng Frac heating is the process of heating water used to frac oil and natural gas wells. The process prevents water from freezing prior to entering well bore and ensures frac solutions are warm enough to…
  11. JANUARY 2014 INVESTOR PRESENTATION – Enservco Corp – slide 11
    Service Overview Hot Oiling Hot oiling involves heating and circulating oil or similar fluids down a well bore, where the fluid dissolves and dislodges paraffin and other hydrocarbon deposits. Hot oiling is also used to to heat the…
  12. JANUARY 2014 INVESTOR PRESENTATION – Enservco Corp – slide 12
    Service Overview Acidizing Acidizing involves pumping specially formulated acids and/or chemicals into a well to dissolve materials blocking the flow of the oil or natural gas. Acidizing is used for increasing permeability…
  13. JANUARY 2014 INVESTOR PRESENTATION – Enservco Corp – slide 13
    Other Services ENSERVCO also provides Fluid Management and Pressure Testing services. The Fluid Management business transports water to fill frac tanks or reservoirs at well locations, transports contaminated production water to…
  14. JANUARY 2014 INVESTOR PRESENTATION – Enservco Corp – slide 14
    Service Assets and CAPEX Ini,a,ves ENSERVCOs rolling stock of assets as of November 2013 appraised at 25 million and consists of frac heaters (single and double burner), hot oilers, acidizing trucks, water haulers and construction…
  15. JANUARY 2014 INVESTOR PRESENTATION – Enservco Corp – slide 15
    Service Territory Demand-driven Expansion North Dakota 5 Wyoming 8 Pennsylvania 7 6 Colorado 1 2 Kansas 4 3 ENSERVCO Loca,ons Colorado Pennsylvania 1. Denver 6. Carmichaels 9 Headquarters Marcellus Shale…
  16. JANUARY 2014 INVESTOR PRESENTATION – Enservco Corp – slide 16
    Revenue by Service Territory 45.0 in millions 40.0 35.0 30.0 Replace with bar chart 25.0 20.0 15.0 10.0 5.0 - 2009/10 2010/11 2011/12 2012/13 Hugoton/Miss. Lime Uintah Marcellus/Utica Bakken DJ -…
  17. JANUARY 2014 INVESTOR PRESENTATION – Enservco Corp – slide 17
    Selected Customers
  18. JANUARY 2014 INVESTOR PRESENTATION – Enservco Corp – slide 18
    Customers Inves,ng Heavily in Key Basins Noble Energy to invest 2 billion in D-J Basin drilling during 2014, and 10 billion from 2013 2017 Anadarko plans to drill 400 D-J wells in 2014, up 33% from 2013 EQT has committed 1.2…
  19. JANUARY 2014 INVESTOR PRESENTATION – Enservco Corp – slide 19
    Compe,,ve Landscape Industry consists primarily of small mom and pop and regionally focused service providers Domestic frac heating market estimated in 2012 at 400 million+ and growing Many service providers operating aging…
  20. JANUARY 2014 INVESTOR PRESENTATION – Enservco Corp – slide 20
    Financial Highlights* in thousands 9 months 9 months Trailing 2010 2011 2012* 2012* 2013* 12 months* Revenue 17,820 23,904 31,498 20,244 31,318 42,573 % growth 25% 34% 32% 15% 55% 60% Gross profit 4,279 6,076 8,211 4,313…
  21. JANUARY 2014 INVESTOR PRESENTATION – Enservco Corp – slide 21
    Financial Highlights (con,nued) in thousands September 30, December 31, 2013 2012 Cash & Accts. Rec. 8,078 8,325 Current assets 9,663 9,554 Total assets 26,377 25,857 Working capital 5,087 1,535 LT debt, net of current…
  22. JANUARY 2014 INVESTOR PRESENTATION – Enservco Corp – slide 22
    Bullish Outlook for Domes,c Energy Produc,on ENSERVCO is well posi,oned in a very ac,ve domes,c energy environment: U.S. oil output growth in 2013 expected to be fastest on record* Domestic production expected to rise 25% between…
  23. JANUARY 2014 INVESTOR PRESENTATION – Enservco Corp – slide 23
    Growth Strategy Expand capacity in well acidizing and hot oiling non-seasonal services with strong demand profiles Capitalize on strong demand for well enhancement services in Rocky Mountain and northeastern service…
  24. JANUARY 2014 INVESTOR PRESENTATION – Enservco Corp – slide 24
    Investment Considera,ons Benefitting from rapid growth of unconventional oil and gas plays Strong, long-term relationships with many of North Americas leading exploration and production companies Future results to benefit from…
  25. JANUARY 2014 INVESTOR PRESENTATION – Enservco Corp – slide 25
    Contacts: Rick Kasch Bob Devers Geo High President Chief Financial Officer Principal ENSERVCO Corporation ENSERVCO Corporation Pfeiffer High Investor 303-333-3678 720-974-3408 Relations rkaschenservco.com bdeversenservco.com…

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