Calfrac Well Services (TSX:CFW) Investor Presentation June 2015 Fernando Aguilar, President and Chief Executive Officer Mick McNulty, Chief Financial Officer
Company Snapshot TSX Stock Symbol: CFW Share Price* 8.13 30-Day Average Volume* 790,000 Market Capitalization* 779.4 million Enterprise Value* 1.6 billion Shares Outstanding* 95.9 million Insider Ownership 25% * As at 16:00:00…
Full Service Pressure Pumping As at March 31, 2015 Canada Fleet: 17 Fracturing Spreads 394,000 Horsepower 18 Coiled Tubing Crews U.S. Fleet: Russia Fleet: 15 Fracturing Spreads 7 Fracturing Spreads 704,000 Horsepower 70,000…
Calfracs Size and Scope (as at 03/31/2015) 1.7TRIF 12 MonthTrailing 92Fracturing % revenue from 7Horsepower thLargest 2Million Tons Of Sand Pumped 15Lab Facilities 4,500 Employees Canada Frac Crew (2012).…
Committed To Safety, Quality And Flawless Execution GLOBALLY DIVERSE OPERATIONS Calfrac Well Services Ltd. 6
Canadian Operations Canada Fleet: 17 Fracturing Spreads 394,000 Horsepower 18 Coiled Tubing Crews Calfrac Well Services Ltd. 7
Canada Market Update Calfrac Market Positioning Pricing & Utilization Largest company by fracturing Pricing headwinds due to decline in revenue in Canada in 2014 oil prices Positioned in key areas of frac Low commodity prices…
Canada Cost Saving Initiatives Focus on efficiency Work with customers to provide the most efficient completion method possible while not compromising quality Transload facilities in key locations Increase in contracted rail car…
United States Operations U.S. Fleet: 15 Fracturing Spreads 704,000 Horsepower 18 Cementing Crews 5 Coiled Tubing Crews Calfrac Well Services Ltd. 10
United States Market Update Calfrac Market Positioning Pricing & Utilization Focus on customers that are Activity and pricing in all operating financially strong and intend to areas will be materially lower in 2015 remain active in…
United States Cost Saving Initiatives Focus on efficiency Work with customers to provide the most efficient completion method possible while not compromising quality Utilization and Maintenance Planning Lower volume of work will…
Latin America Operations Neuqun, Argentina Frac Operation (2014). Calfrac Well Services Photo Calfrac Well Services Ltd. 13
Argentina Market Update Calfrac Market Positioning Argentina Fleet: One of the largest pressure pumping 68,250 Horsepower* companies in Argentina 9 Cementing Crews** 6 Coiled Tubing Crews Customer expansion to IOCs and domestic…
Mexico Market Update Calfrac Market Positioning Long-term opportunity due to Mexican energy industry reforms Low oil prices will limit immediate impact Round One tenders are ongoing Right-sized business to reflect current…
Russia Operations Siberia, Russia Frac Crew (2006). Calfrac Well Services Photo Calfrac Well Services Ltd. 16
Russian Operations Russia Fleet: 7 Fracturing Spreads 70,000 Horsepower 7 Coiled Tubing Crews Calfrac Well Services Ltd. 17
Russia Market Update Calfrac Market Positioning Activity expected to be slightly higher in 2015 compared to 2014 Horizontal fracturing in conventional reservoirs is a significant amount of Calfracs activity Small rouble-based…
Committed To Safety, Quality And Flawless Execution LICENSE TO OPERATE Calfrac Well Services Ltd. 19
Calfracs License to Operate HSE Quality Supply Chain Technology Plan Monitor Evaluate Research Do Refine Negotiate Develop Assess Execute Finalize Refine Adjust Improve Implement Test CONTINUOUS IMPROVEMENT Calfrac…
HSE Performance Improved performance in both TRIF 5.00 5.00 Total TotalRecordable RecordableInjury InjuryFrequency Frequency and LTIF 4.50 4.50 4.00 4.00 4.46 4.46 Hazard identification program 3.50 3.50 3.00…
Our Quality Commitment Technology and Training Centre (Calgary) awarded API Q2 Certification First company in Canada to receive API Q2 certification API Q2 Certification Audits Stage 1: Completed in six locations in US Division:…
Supply Chain and Logistics Achievements Supply chain team creating competitive advantage and cost efficiencies Pumped 84 percent more sand in 2014 than 2013 Transload access and storage in key basins across North America…
Developing and Introducing New Technologies High Rate Annular Fracturing CalVert Diverter Pumping fracturing fluids in the annulus A biodegradable diverting agent used in between casing and coiled tubing fracturing to improve…
Positioned for an extended industry down cycle MANAGING THE DOWNTURN Calfrac Well Services Ltd. 25
Cost-Savings Initiatives Experienced management team Proven track record of effectively managing through OFS cycles Elimination of unnecessary discretionary spending Right-sized overhead cost structure Multiple initiatives in…
The Balance Sheet Term Debt US600 mm with an interest rate of 7.5% Matures in 2020 Credit Facilities Loan facility increased to 400 mm from 300 mm in January 2015 305 mm available at March 31, 2015 Facility matures in September…
Financial Results (C000s except per share amounts) Income Statement For the Three Months Ended March 31 2015 2014 % Change Revenue 600,383 547,638 10 Operating Income 27,844 64,117 (57) Net Income (attributable to shareholders of…
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