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Morgan Stanley Houston Energy Summit – C&J Energy Services Inc.

C&J Energy Services Inc. · Aug 31, 2015 · 17 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Morgan Stanley Houston Energy Summit – C&J Energy Services Inc. – slide 1
    Morgan Stanley Houston Energy Summit August 2015
  2. Morgan Stanley Houston Energy Summit – C&J Energy Services Inc. – slide 2
    Company Overview One of the largest, integrated providers of NYSE Ticker: CJES completion and production services with assets deployed across most major oil and gas producing Share Price (8/28/15) 5.13 basins in the United States and…
  3. Morgan Stanley Houston Energy Summit – C&J Energy Services Inc. – slide 3
    Near Term Outlook: Managing the Downturn Well Positioned to Navigate Volatile Market Conditions Current Focus & Strategy Retain operational presence with existing customer base in key operating basins Well positioned in most active…
  4. Morgan Stanley Houston Energy Summit – C&J Energy Services Inc. – slide 4
    Operational Model Drives Best-In-Class Performance Attractive Geographic Footprint and Customer Base Strong presence in Permian and Eagle Ford core acreage with lower breakeven oil prices Established and growing presence in other…
  5. Morgan Stanley Houston Energy Summit – C&J Energy Services Inc. – slide 5
    C&J Positioned as Provider of Choice with Operations in Key Basins New The March 2015 combination of C&J and Nabors Completion and Production Services business positions C&J Energy Services to provide meaningful benefits to…
  6. Morgan Stanley Houston Energy Summit – C&J Energy Services Inc. – slide 6
    Cost Control & Efficiency Initiatives Active Cost Management Close underperforming locations and reallocate resources to most active basins Aggressive cost saving initiatives through continued implementation of vertical integration…
  7. Morgan Stanley Houston Energy Summit – C&J Energy Services Inc. – slide 7
    Debt Maturity Schedule & Capitalization Term Loan Maturity Schedule Balance Sheet Accounts at June 30, 2015 600 Cash and Cash Equivalents 12 575 Revolver 94 500 485 Term Loan B1 575 400 Term Loan B2 485 (US in mm) 300 Capital…
  8. Morgan Stanley Houston Energy Summit – C&J Energy Services Inc. – slide 8
    Core Service Offerings Completion Services Well Support Services Other Services Hydraulic Fracturing Rig Services Equipment Manufacturing & Repair Coiled Tubing Fluids Management Specialty Chemicals Wireline & Pumpdown Special Well…
  9. Morgan Stanley Houston Energy Summit – C&J Energy Services Inc. – slide 9
    Expansive Geographic Footprint + Legacy South Texas West Texas California Rockies(1) Marcellus(1) Canada Other Completion Well Support Nabors Completion and Production Facilities Services Services Nabors Completion…
  10. Morgan Stanley Houston Energy Summit – C&J Energy Services Inc. – slide 10
    Completion Services Fracturing services division provides customized stimulation services Hydraulic Engineering teams offer extensive front-end technical evaluation Fracturing Over 1,200,000 HHP of hydraulic fracturing capacity…
  11. Morgan Stanley Houston Energy Summit – C&J Energy Services Inc. – slide 11
    Production Services Over 390 workover and well-servicing rigs in every major oil and gas basin in the U.S. and Western Canada Rigs range from 200 to 900 HP and are involved in the routine repair and Rig Services maintenance,…
  12. Morgan Stanley Houston Energy Summit – C&J Energy Services Inc. – slide 12
    Key Takeaways Leading energy services company building scale across key basins, expanding with 1 new product lines and vertical integration to achieve long-term growth strategy Focused on executing best-in-class operating model that…
  13. Morgan Stanley Houston Energy Summit – C&J Energy Services Inc. – slide 13
    Appendix
  14. Morgan Stanley Houston Energy Summit – C&J Energy Services Inc. – slide 14
    Nabors C&P Transaction Overview C&J combined with Nabors Completion and Production Services business in the U.S. and Canada (creating New C&J) in a stock-for-stock transaction on March 24, 2015 C&J stockholders received one share of…
  15. Morgan Stanley Houston Energy Summit – C&J Energy Services Inc. – slide 15
    Legacy C&J Energy Services: Revenue By Geography & Service Line By Geography ( in mm) By Service Line ( in mm) 1,834 1,834 1,608 1,608 378 38 648 409 650 1,112 386 1,112 1,070 1,070 88 63 27 176 188 140 125 167 68 758 277…
  16. Morgan Stanley Houston Energy Summit – C&J Energy Services Inc. – slide 16
    Legacy Nabors C&P: Revenue By Geography & Service Line Completion Services ( in mm) Production Services ( in mm) 1,463 1,009 1,035 51 1,001 1,237 1,218 294 849 858 195 1,075 1,076 355 404 411 89 317 250 282 311 308 281 501…
  17. Morgan Stanley Houston Energy Summit – C&J Energy Services Inc. – slide 17
    C&J Financials EBITDA and Adjusted EBITDA(1) Reconciliation Year Ended December 31, (2) ( in thousands) 2010 2011 2012 2013 2014 LTM 06/30/15 (Una udi ted) Net income 32,272 161,979 182,350 66,405 68,823 (49,657) Interest…

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