Savanna Energy Services Corp. Investor Update June 16, 2015 TSX: SVY 1
Corporate Overview TSX: SVY Common Shares Outstanding(1) 90.3 million Common Share Trading Price(1) 1.63 52-week Trading Range(1) 1.51-8.94 Market Capitalization(1) 147.1 million 90 Day Average Trading Volume(1) 483,383 Property…
Company performance and the low commodity price environment Non-rig related salaried positions reduced by 43% from where they were at the end of 2014, representing an annualized reduction of approximately 30 million. The…
Company performance and the low commodity price environment Salary and wage roll backs of all non-rig employees (15% average for the Board and executives; 7% average for all others). Significant capital spend reduction to 45.6…
Revised Covenants Savannas Total Funded Debt to EBITDA ratio was 2.3:1 at December 31, 2014 and 2.6:1 as of March 31, 2015. The covenant maximum of 4.0:1 was increased as follows: For the quarter ending September 30, 2015 4.50:1 For…
Canadian Operations 68 Drilling Rigs 65 Service Rigs OUTLOOK Working with customers to streamline operations and pass on savings in a volatile commodity market to maintain our margin. Closure of low contribution locations and…
United States Operations 28 Drilling Rigs 18 Service Rigs OUTLOOK Rationalizing corporate and field infrastructure to address lower activity level Added one 1500HP AC electric drilling rig in late 2014 and two more in 2015…
Australian Operations 5 Drilling Rigs 12 Service Rigs OUTLOOK All but one rig subject to take-or-pay contracts. Five more LNG trains starting in the next 15 months Drilling for coal seam gas (CSG) to support the east coast…
Diversification Revenue Distribution Savanna's diversification 100% provides benefit: 90% In 2009 Savanna formed its 80% strategy to disproportionately 70% expand its operations outside 60% of Canada. 50% Reduces the relative impact…
2015 CAPITAL PROGRAM Capex Program 2015 Initiatives millions 28% 36% 2014 Carry-Over: 2014 Growth Initiatives 21.5 2014 New Field Operating Facilities 16.6 36% 2015 Maintenance Capital 21.7 Proceeds on sale of assets…