ITS ABOUT PERFORMANCE Third Quarter 2014 Overview November 6th, 2014
Q3 2014 Highlights Revenue totaled 245m Up 45% from Q2 14 due to increased activity levels Up 17% from Q3 13 due to increased activity levels and higher manufacturing revenue Operating margin - net(1) at 35% Up from 28% in Q2 14 due…
Third Quarter Results Activity levels increasing throughout the year Growing demand for high performance rigs Liard rig construction almost complete Net earnings of 19.2m, up from 9.2 in Q3 13 due to: Higher operating income Lower…
Canadian Operations Revenue of 85m Up 123% from Q2 14 due to increased utilization Up 18% from Q3 13 due to increased activity and increased dayrates Operating margin of 44% Up from 25% at Q2 14 due to seasonality Up from 41% in Q3…
Canadian Review Canada Rate Per Operating Day vs Operating Margin TDG Q3 14 utilization of Dayrates 30,000 Utilization 50% 61%(1) 25,000 40% 20,000 Q3 14 activity increased 15,000 30% 20% over the previous year 10,000…
US and International Operations Revenue of 125m Up 13% from Q2 14 due to increased activity levels In line with Q3 13 despite 14 fewer rigs and lower standby and barge revenue Operating margin of 34% Up from 32% in Q2 14 due to…
US Review US industry active rig Dayrates (US) 30,000 US Rate Per Operating Day vs Operating Margin Utilization 50% count increasing 25,000 20,000 40% 30% Customers demanding 15,000 10,000 20% high performance 5,000…
Barge Operations Barge rigs dayrates Dayrate (US) Barge Rate Per Operating Day vs Utilization Utilization remain strong, lower 40,000 35,000 100% 80% 30,000 activity levels in Q3 14 25,000 20,000 60% 15,000 40% due to…
Trinidad Drilling Intl JV Update Two upgraded rigs began drilling operations in Q2 14, third upgraded rig began drilling in Q3 14 Saudi new build rig delivered in Q2 14, expected to begin operation in Q4 14 Constructing four new…
Rig Location Summary Canada Play Count Montney 13 Duvernay 6 Frobisher 5 Cardium 5 AB Bakken 3 Liard Basin 2 Lloyd Heavy Oil 1 Oil Sands 1 Montney Deep Basin 1 Liard Basin Oil Sands Other 25 Total 62 Duvernay Viking…
Financial Review 2014 capital budget - 350 million New builds (LNG, purchased rig, begin 5 US new rigs) JV related(1) (4 Saudi, 4 Mexico) Upgrades Maintenance and infrastructure capital Q3 14 capex of 117 million (includes JV…
Financial Flexibility Total Debt/EBITDA at Q3 2014 1.99 times Net Debt/EBITDA at Q3 2014 1.44 times Long-term goal remains +/- 1.5 times Debt reduction achieved through combination of debt repayment and EBITDA growth Total Debt to…
Outlook Q4 2014 and beyond Rig performance and efficiency increasingly important Canadian industry conditions firm, expect solid winter drilling season US rig activity high, dayrates and utilization strong Continuing to review…
Additional GAAP Measures The Company uses certain additional GAAP financial measures within the financial statements and this document that are not defined terms under IFRS to assess performance. Management believes that these measures…
www.trinidaddrilling.com 2500, 700 9 Avenue S.W. Calgary, Alberta, Canada T2P 3V4 T 403.265.6525 F 403.265.4168 E infotrinidaddrilling.com
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