NES Fiscal 2015 Second-Quarter Results August 10, 2015
NES Participants and Call Information Mark Johnsrud Greg Heinlein Chief Executive Executive Vice Officer and President and Chief Chairman of the Financial Officer Board Call Information To access a replay of todays call please…
Q2 Industry Themes Projected Quarterly Average Rig Count U.S. land rig count continued decline in Q2 Change in rig counts since 2014 peak by basin: o Bakken -62% o Haynesville -29% o Eagle Ford -57% o Utica -42% o Marcellus…
Q2 2015 Summary Q2 Revenue M Revenue Q2 revenue 92.4, down 22.4% sequentially and 150 27.0% from Q2 2014. 50% year-over-year decline in rigs in basins 126.8 where Nuverra operates 100 92.4 YTD revenue 211.5M vs. 254.9M in 2014 50…
Q2 2015 Results Three Months Ended Six Months Ended (millions) June 30, June 30, 2015 2014 2015 2014 Revenue 92.4M 126.9M 211.5M 254.9M Net Loss from Continuing Operations (20.6)M (24.7)M (32.6)M (36.6)M EBITDA from Continuing…
Q2 2015 Rocky Mountain Division Performance Q2 Revenue M YTD Revenue M Q2 revenue of 47.6 100 million 150 159.4 75 77.5 YTD revenue of 117.0 100 117.0 million 50 47.6 25 50 Results driven by lower overall drilling/completion…
Q2 2015 Northeast Division Performance Q2 Revenue M YTD Revenue M 30 60 25 27.4 50 54.7 20 22.5 40 41.7 Q2 revenue 27.4 M 15 30 10 20 YTD revenue 54.7 M 5 10 0 0 Results driven by new Q2 14 Q2 15 YTD 14 YTD 15 customer…
2015 Cost-Management Initiatives Progress & Guidance Second quarter achieved YoY 38.8 million reduction in total costs and expenses, including: 11.5 million in compensation savings; 15% sequential reduction in personnel 6.2 million…
Cash & Liquidity Net cash provided from continuing operations of 42.3M, compared with (3.8M) at 6/30/14, with increase primarily due to lower capex, improved collections, improved collection cycle times, focus on cost controls DSO of…
Outlook Challenging Operating Environment Continues Limited visibility to timing of recovery Market needs to stabilize Operator CapEx Remains Low Driven by continued weakness in oil prices Service industry may be impacted…
Key Growth Strategies Water Midstream Terrafficient Significant progress made to secure Selected as state pilot project facility under rights of way on Bakken water ND1390; awarded research grant by Oil & midstream project Gas…
Q&A
We put our energy behind sustainability.
Appendix
Summary Pro Forma Combined Financial Data (6/30/15 continuing operations) Revenue M Adjusted EBITDA M 600 100 101 500 536 95 526 80 493 84 400 60 300 200 40 100 20 0 0 2013 2014 2015 LTM 2013 2014 2015 LTM Net Cash Capital…
Adjusted EBITDA from Continuing Operations Reconciliation (Unaudited) Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Loss from continuing operations (20,647) (24,722) (32,642) (36,636) Depreciation of…
Loading...
