AltaCorp/ATB Institutional Investor Conference January 14, 2014 TSXV: CWC
2013 Achievements & Accolades On June 3, 2013, PROFIT Magazine recognized CWC for making it on their PROFIT 500 list, the definitive ranking of Canadas Fastest-Growing Companies, with a 5 year revenue growth of 137%. In…
Capitalization & Trading Highlights Shares outstanding December 31, 2013 155.3 million Share price December 31, 2013 0.83 Market capitalization 128.9 million Total debt December 31, 2013 42.3 million Enterprise value 171.2 million 2013…
Total Return Performance Share Dividend Total Total Share Price Per Return Return Price Gain Share % Dec. 31, 2010 0.25 n/a n/a n/a n/a Dec. 31, 2011 0.59 0.34 nil 0.34 136% Dec. 31, 2012 0.70 0.11 0.065 0.175 30% Dec. 31,…
Stock Price Performance 3 Years 6
Financial Results & Position 2014 2013 ( millions) Analyst Analyst 2012 2011 Consensus Consensus Revenue 125.4 114.2 112.3 109.5 EBITDAS1 31.9 27.1 25.0 28.5 Funds from Operations1 31.9 27.1 25.0 28.5 Net Income 10.9 5.7 4.8 12.7…
TTM Revenue & EBITDAS Growth Rate 8
What Do We Do Well Servicing Other Oilfield Services 71 Service Rigs 7 Snubbing 8 Coil Tubing 10 Well Testing 2013 REVENUE 2013 EBITDAS 7% 4% Well Servicing Well Servicing 93% Other Oilfield 96% Other Oilfield Services…
Where Do We Work Across entire WCSB From NE BC to SE Saskatchewan in all the oil plays. 10
Well Servicing - Service Rigs 71 active service rigs (41 singles, 27 doubles, 3 slants) 6th largest service rig fleet in WCSB with average age of 6 years Depths from 1,500 to 5,000 meters Completions, maintenance, workovers &…
Service Rigs Service rigs go back to the same oil well on average 7 to 8 times in its life. Well Production LEGEND Completion Maintenance Workover Abandonment Time Source: CIBC World Markets from SEC filings 12
Utilization vs. Well Completion WCSB Service Rig Utilization vs. Canadian Well Completions Source: AltaCorp Capital Research Morning Note, March 11, 2013 with data from CAODC and JuneWarren-Nickles Energy Group 13
Service Rig Utilization CWC vs. Industry Source: First Energy Capital 14
Service Rig Market Sep. 13 vs. Apr. 11 Canadian Service Rig Market - September 2013 vs. April 2011 Service Rigs Sep. 2013 Apr. 2011 Increase Total Total (Decrease) Precision Drilling Corporation 178 197 (19) Nabors Industries 104…
Rig 144 October 2013 16
Rig 281 Crew June 2013 17
Coil Tubing Count - Worldwide 18
Coil Tubing Market 2012 Canadian Coil Tubing Market - January 2012 Coil Tubing Market of Units Share Essential Energy Services 49 15.9% Trican Well Service 23 7.4% Calfrac Well Services 20 6.5% Schlumberger 17 5.5% Baker Hughes /…
Strategy Evaluate and execute on accretive acquisitions that will expand CWCs service offering to its E&P customers. Such opportunities should create greater shareholder value and potentially increased liquidity for shareholders.…
Replacement Value On Feb. 22, 2013 Western Energy Services (WRG) announced they were acquiring IROC Energy Services (ISC). IROC sold to Western at a price of 3.10 per share. If Western had made a similar offer for CWC on a replacement…
Potentially More Upside to Stock Price December 31, 2013 December 31, 2014 2013 & 2014 EBITDAS (analyst consensus) 27,100 31,900 EV/2013 EBITDAS multiple 6.3 6.3 Enterprise Value 171,387 201,743 less Long-term Debt - Dec. 31, 2013…
Why Buy CWC Continued Growth in Highest Demand Assets resulting in Increased Cash Flows. Ability to pay Sustainable Dividend with a high yield and manageable payout ratio. Accretive Acquisition opportunities exist in the…
Contact Info CWC Well Services Corp. Suite 755, Bow Valley Square III 255 5th Avenue SW Calgary, AB T2P 3G6 Phone: (403) 264-2177 Fax: (403) 264-2842 E-mail: infocwcwellservices.com Website: www.cwcwellservices.com Duncan…
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