C&J Energy Services, Inc. JP Morgan Oil and Gas Corporate Access Day November 2012
PAGE C&J Energy Services Profile 3 Diversified provider of premium, technologically-advanced completion services Focus on the most complex projects in the most challenging basins Demonstrated efficiencies allow for premium pricing…
PAGE Operational Model Drives Best-In-Class Performance 4 Efficiencies Provide Cost Savings for Customers, Favorable Margins for C&J Management with in-depth, basin-level expertise gained Experience & through decades of field…
PAGE Equipment Overview 5 Invested in Modern, High-Spec Equipment to Grow Our 7 premium hydraulic fracturing fleets have a total capacity of over 240,000 HP We will take delivery of 2 new fleets with combined capacity of 64,000…
PAGE Strategy for Continued Growth 6 Broaden geographic presence Focus on emerging domestic developments and building customer relationships Evaluate opportunities to expand internationally and build infrastructure to capitalize…
PAGE Hydraulic Fracturing: Expanding our Customer Base 7 Spot Contracted Demonstrates our significant Over 120,000 HP currently on efficiencies to new customers take-or-pay contracts with high minimum hours History of…
PAGE Expansion into Wireline Services with Casedhole Acquisition 8 Complementary services, similar operating model and growth strategy make Casedhole an excellent fit for C&J A leading multi-regional provider of a broad range of…
PAGE Operational Overview Casedhole Provides Significant Geographic Expansion 9 C&J leveraging Casedholes foothold in the most active U.S. shale plays and basins Williston Basin Bakken Shale Niobrara Denver-Julesburg Basin…
PAGE Capitalizing on Casedhole Acquisition 10 Enhances product bundling, cross-selling and geographic expansion opportunities In addition to providing entry into key target plays (Bakken, Utica) and strengthening C&Js position…
PAGE Relationships with Industry Leaders 11 Large operators have embraced C&Js technical capabilities Service Offerings Stand Alone Hydraulic Customer Pressure Pumping Coiled Tubing Fracturing Wireline
PAGE Operational Strategy Drives Strong Financial Performance 12 Operating efficiencies generate higher revenues per unit of horsepower Demonstrated shorter time per completion permits negotiation of premium rates with customers…
PAGE Advances in Completion Techniques Driving Demand 13 Longer laterals More frac stages Higher pressure wells Approximate Horsepower Per Job Typical Number of Fracturing (000s of HP) Stages Per Well 45 45 24 35 30 16 16…
PAGE Leading Margin Profile 14 Margins driven by superior execution & utilization, not price Adjusted EBITDA Margin 38% 34% 32% 31% 19% 2008 2009 2010 2011 YTD 9/30/12 Adjusted EBITDA Frac Utilization Frac Pricing…
PAGE Strategic Overview 17 Broaden Geographic Presence Expand Customer Base Increase Service Offerings Focus on Research and Technological Developments Vertical Integration around In-house Manufacturing and Fluids Development…
C&J Energy Services, Inc. Appendix
PAGE Detailed Historical Financials Income Statement 19 Year Ended December 31, YTD ( in thousands, except per share amounts) 2008 2009 2010 2011 9/30/2012 Statement of Operations Data (Unaudited) Revenue 62,441 67,030 244,157…
PAGE Detailed Historical Financials Cash Flow 20 Year Ended December 31, YTD ( in thousands) 2007 2008 2009 2010 2011 9/30/12 (Unaudited) Capital expenditures 30,152 21,526 4,301 44,473 140,723 135,887 Cash flow provided by…
PAGE Detailed Historical Financials Balance Sheet 21 Year Ended December 31, ( in thousands) 2007 2008 2009 2010 2011 9/30/12 (Unaudited) Cash and Cash Equivalents 250 109 1,178 2,817 46,780 14,102 Accounts Receivable, Net 4,409…
PAGE Adjusted EBITDA Reconciliation 22 Year Ended December 31, YTD ( in thousands) 2008 2009 2010 2011 9/30/12 (Unaudited) Net income (loss) 1,121 (2,430) 32,272 161,979 151,920 Interest expense, net 6,908 4,708 17,341 4,221…
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