INVESTOR UPDATE AUGUST 2015 TSX: SES SECURE -ENERGY.COM MIDSTREAM, ENVIRONMENTAL & TECHNICAL SOLUTIONS
A Unique Suite of Integrated Services All three integrated divisions Processing, Recovery and Disposal (PRD) working together to provide 90+ Processing oil & gas by-products Maximizing the recycling of oil service solutions at all…
PRD Full Service Terminal (FST) Expansion Fox Creek FST Original Construction: 2009 Fox Creek FST Expansion: 2013/2014 3
PRD Class II Oilfield Landfill Engineered oilfield landfill cells have a high-quality, multi-layer liner and environmental monitoring programs. Types of Non-Hazardous Waste: Contaminated Soils Treated FST Solids Sulphur Waste…
PRD Canadian & US Footprint 5
PRD Market Share Continuing to encourage producers to outsource water and waste handling needs 6% 4% 12% 13% 43% 58% 20% 19% 6% 19% 2009 2015 (est.) Producers SECURE Tervita Newalta Other Source: Internal estimates…
OS Environmental Services Full cycle pipeline integrity services Technical and environmentally challenging projects Extensive water course crossing services to inspect or repair pipelines Integrated fluid solutions (IFS) Full cycle…
OS Integrated Fluid Solutions (IFS) 8
DS Industry Trends The shift to horizontal drilling has resulted in increased: Metres drilled per well year over year Demand for more complex, technical drilling fluid systems such as oil based systems Increased infrastructure…
DS Integrated Drilling Fluids Solutions Leading market share position in Canada: OBM Blending Plant 32% market share in 2014 Drilling fluids: Oil Based Mud (OBM) Conventional Water Based Mud SAGD/heavy oil fluids Specialty…
DS Innovation and R&D Committed to the development and testing of innovative new drilling completion and production fluid products to enhance performance and productivity: Industry leading R&D New 7,000 sq ft research lab in…
Long-Term Growth Drivers 12
Long-Term Growth Drilling Activity Western Canada Drilling Activity* Total Meters Drilled Meters Drilled per Well 30,000 2,500 25,000 Greater volumes of 2,000 drilling waste and metres drilled per well 20,000 completion…
Long-Term Growth Water Volumes Increasing 18,000 WCSB Oil, Gas & Associate Water Production 16,000 14,000 Maturing Oil and Gas Reservoirs with mounting Produced Volume (MBOE/d) 12,000 water-cuts (average 5% 10,000…
Value Chain Driving New Services DRILLING Innovative drilling fluids Oil based mud (OBM) storage tanks OBM blending and storage at FSTs Recycling of OBM COMPLETIONS Completion fluids Integrated fluid storage/hubs Water recycling…
2015 Strategy by Division PRD Targeted organic growth, based on customer needs Acquire producer facilities Acquire third party facilities Project ready 2016 projects Optimize R&D pilot projects DS Leverage integrated sales…
Delivering Long-Term Sustainable Growth Vision: The North American leader in energy services that grows shareholder value at 30% per year 220 2.00 200 Adjusted EBITDA/Share CAGR: 56% 1.80 180 Adjusted EBITDA CAGR: 92% 1.60…
Corporate Financials For the Three Months Ended June 30, 2015 Q2 2015 Q2 2014 % Change (000s except per share data) Total Revenue* 112,533 155,690 (28%) Direct Operating Exp.* 78,450 94,371 (17%) G&A Exp. 15,029 15,887 (5%) Business…
Organic Capital Spending by Year Sustaining Capital Organic Capital Discretionary Capital 350 303 300 250 CAPEX (MMs) 198 Contributing to 200 2016 & 2017 171 158 EBITDA 150 Discretionary Capex: 50 MM 98 100 Capex: 100…
Strong Balance Sheet and Financial Flexibility Total Credit Facility: 700 MM* 1.6X Debt/EBITDA* 446.1 MM 0.25 Long-Term Debt/Equity 18.2 MM 190 million 235.6 MM Net Proceeds from Equity Issuance** *Trailing twelve month…
SECURE Energy Services Summary Integrated midstream solutions Environmental and recycling solutions Technical drilling solutions Innovation to help the customer 22
Corporate Profile Mission: Exceeding the expectations of the oil and gas industry by providing safe, innovative, efficient and environmentally responsible fluids and solids solutions (all dollar values are in Canadian dollars) TSX…
Analyst Coverage Firm Analyst Phone AltaCorp Capital Inc. Mark Westby 403.539.8591 BMO Capital Markets Michael Mazar, CA, CFA 403.515.1538 Canaccord Genuity Corp. John Bereznicki 403.691.7805 CIBC World Markets Inc. Jon Morrison…
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