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Peters and Co Limited 2015 Energy Conference – Mullen Group Ltd.

Mullen Group Ltd. · Sep 17, 2015 · 24 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. Peters and Co Limited 2015 Energy Conference – Mullen Group Ltd. – slide 1
    Peters & Co. Limited 2015 ENERGY CONFERENCE September 17, 2015 Toronto, ON Presented by: RICHARD MALONEY STEPHEN CLARK, CPA, CMA Senior Vice President Chief Financial Officer D I V E R S ITY S TAB I LITY R E LIAB I LITY
  2. Peters and Co Limited 2015 Energy Conference – Mullen Group Ltd. – slide 2
    ABOUT MULLEN GROUP We are one of Canadas premier Oilfield Services and Transportation/Logistics company. Our two primary markets are vital to the economy: We provide a wide range of services to the energy and natural resources…
  3. Peters and Co Limited 2015 Energy Conference – Mullen Group Ltd. – slide 3
    CORPORATE PROFILE CORPORATE SUMMARY (June 30, 2015 - YTD) Revenue: 622.0 million Operating Income: 111.2 million Operating Income Margin: 17.9 % Working Capital: 194.9 million Total Net Debt: 471.5 million Total Debt / Operating…
  4. Peters and Co Limited 2015 Energy Conference – Mullen Group Ltd. – slide 4
    SHAREHOLDERS CAN EXPECT Consistent and Predictable Earnings Operating Margin since 2004 20% Diversification Multiple service lines Geographically focused on Canadian market Strong Cash Flow Generation Maintaining a low net debt to…
  5. Peters and Co Limited 2015 Energy Conference – Mullen Group Ltd. – slide 5
    LONG-TERM STRATEGY Maximize Operational Performance of Business Units BU Operational Commitment to Quality and Performance Leadership Development Effective Deployment of Capital Strong Quality & Leadership Balance Sheet…
  6. Peters and Co Limited 2015 Energy Conference – Mullen Group Ltd. – slide 6
    Oilfield Services Segment DRILLING SERVICES DRILLING RELATED SERVICES PRODUCTION SERVICES SPECIALIZED SERVICES Trucking/Logistics Segment 7
  7. Peters and Co Limited 2015 Energy Conference – Mullen Group Ltd. – slide 7
    OILFIELD SERVICES SEGMENT ( millions) Trailing Six Quarters REVENUE OPERATING INCOME 272.6 69.9 210.8 199.6 51.8 158.2 175.9 41.1 111.2 32.5 33.6 20.3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2014 2015 2014 2015 SERVICE OFFERINGS…
  8. Peters and Co Limited 2015 Energy Conference – Mullen Group Ltd. – slide 8
    TRUCKING/LOGISTICS SEGMENT ( millions) Trailing Six Quarters REVENUE OPERATING INCOME 180.1 174.1 29.4 146.7 146.1 25.0 26.0 140.2 137.9 24.2 21.1 21.1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2014 2015 2014 2015 SERVICE OFFERINGS…
  9. Peters and Co Limited 2015 Energy Conference – Mullen Group Ltd. – slide 9
    SHIFT TO TRUCKING/LOGISTICS 2014 2015 TREND Trucking/ Oilfield Services Logistics Oilfield Services Trucking/Logistics Segment Segment Segment Segment 60% 40% 40% 60% 10
  10. Peters and Co Limited 2015 Energy Conference – Mullen Group Ltd. – slide 10
    2015 UPDATES / SUMMARY ACTION PLAN 15 ACQUISITIONS OILFIELD SERVICES TRUCKING/LOGISTICS CASH OF 138 MILLION 11
  11. Peters and Co Limited 2015 Energy Conference – Mullen Group Ltd. – slide 11
    OILFIELD SERVICES SEGMENT 12
  12. Peters and Co Limited 2015 Energy Conference – Mullen Group Ltd. – slide 12
    INVESTMENT CONSIDERATIONS MACRO ENVIRONMENT Global Economic Growth China United States Global Commodity Prices Oil LNG Political Canada United States Market Access 13
  13. Peters and Co Limited 2015 Energy Conference – Mullen Group Ltd. – slide 13
    PRODUCTION SERVICES TURN KEY SERVICES Fluid Hauling 225,000 barrels/day Tank Cleaning Service Heavy Oil Fluid Handling Water management Fracking support Geography Strategically located 14
  14. Peters and Co Limited 2015 Energy Conference – Mullen Group Ltd. – slide 14
    SPECIALIZED SERVICES Dewatering Services Oil sands tailing ponds Drilling and fracking support Municipal Pipeline Construction Related Services Stock piling Stringing Heavy Haul & Hydraulic Lifting Oil sands Heavy oil LNG…
  15. Peters and Co Limited 2015 Energy Conference – Mullen Group Ltd. – slide 15
    DRILLING RELATED SERVICES Drilling Mud & Fluids Strategic location in resource play Proprietary inventory management OCTG / Pipe 600 plus acres, key resource plays Proprietary inventory management Rig Relocation Services…
  16. Peters and Co Limited 2015 Energy Conference – Mullen Group Ltd. – slide 16
    DRILLING SERVICES Core Hole Delineation Oil sands Conductor Pipe Drilling cycle 17
  17. Peters and Co Limited 2015 Energy Conference – Mullen Group Ltd. – slide 17
    INVESTMENTS Cordova Oilfield Services Ltd. Fort St. John, B.C. General oilfield hauling Pipe storage, handling and transportation Envolve Energy Services Corp. Grande Prairie, AB Waste disposal Butler Ridge Energy Services (2011)…
  18. Peters and Co Limited 2015 Energy Conference – Mullen Group Ltd. – slide 18
    Summary Strong Balance Sheet Diversification a) Oilfield Services b) Trucking/Logistics Macro Environment / Data Dependent a) Global Economy b) Commodity Prices c) Market Access 19
  19. Peters and Co Limited 2015 Energy Conference – Mullen Group Ltd. – slide 19
  20. Peters and Co Limited 2015 Energy Conference – Mullen Group Ltd. – slide 20
    APPENDIX FINANCIAL PERFORMANCE
  21. Peters and Co Limited 2015 Energy Conference – Mullen Group Ltd. – slide 21
    CONSOLIDATED REVENUE ( millions) 1,600.00 1,400.00 1,200.00 1,000.00 1,437.2 1,427.9 1,427.6 1,387.3 800.00 1,314.2 1,119.5 1,039.1 1,003.3 600.00 978.0 400.00 200.00 - 2006* 2007* 2008* 2009*…
  22. Peters and Co Limited 2015 Energy Conference – Mullen Group Ltd. – slide 22
    OPERATING MARGIN STABILITY & RELIABILITY 25.0% 21.0% 20.9% 20.4% 19.6% 20.0% 19.4% 20.8% 20.6% 19.9% 19.0% 15.0% 10.0% 5.0% 0.0% 2006 2007 2008 2009 2010 2011 2012 2013 2014 A2
  23. Peters and Co Limited 2015 Energy Conference – Mullen Group Ltd. – slide 23
    FREE CASH SCENARIO 350 293.8 300.7 OPERATING INCOME 300 288.0 284.7 50.2 52.4 35.6 250 49.1 191.6 201.2 200 Cash Shortfall 95.9 99.6 107.8 109.7 Excess Free Cash 150 96.7 95.3 Dividends* 55.5 57.1 57.5 57.1 Maintenance…
  24. Peters and Co Limited 2015 Energy Conference – Mullen Group Ltd. – slide 24
    ACTUAL FREE CASH 350 300.7 293.8 OPERATING INCOME 300 273.3 288.0 284.7 26.9 120.7 23.4 250 41.8 82.3 201.2 82.6 Excess Free Cash 191.6 200 50.2 109.6 Cash Shortfall 33.0 Dividends Paid 11.2 69.9 150 144.8 102.8…

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