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Peters and Co Energy Conference September 2015 – Civeo Corporation

Civeo Corporation · Sep 15, 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. Peters and Co Energy Conference September 2015 – Civeo Corporation – slide 1
    Peters & Co. Energy Conference September 15, 2015
  2. Peters and Co Energy Conference September 2015 – Civeo Corporation – slide 2
    Company Overview & Investment Highlights
  3. Peters and Co Energy Conference September 2015 – Civeo Corporation – slide 3
    Company Overview One of the largest integrated providers of permanent and temporary workforce accommodations, catering, facility management and logistics services Serves the natural resources industry in some of the worlds most…
  4. Peters and Co Energy Conference September 2015 – Civeo Corporation – slide 4
    Where We Operate CANADA 7 lodges with over 13,000 rooms 6 open camps with over 1,300 rooms Mobile camp assets Primary activity driver is oil sands development AUSTRALIA AUSTRALIA 9 villages with over 9,000 rooms NORTH…
  5. Peters and Co Energy Conference September 2015 – Civeo Corporation – slide 5
    Severe Correction in Global Energy Prices Oil Prices Met Coal Prices 115 260 105 240 95 220 85 200 75 180 /bbl /mt 65 160 55 WTI Price 140 45 WCS Price 120 35 100 25 80 Beginning in late summer of 2014, the global…
  6. Peters and Co Energy Conference September 2015 – Civeo Corporation – slide 6
    Substantial Reduction in Customer Capital Spending Forecasts In Canada, many of our customers have announced major capex cuts in 2015 in light of the current oil prices The chart above illustrates the behaviors of our customers…
  7. Peters and Co Energy Conference September 2015 – Civeo Corporation – slide 7
    Actions Taken to Manage Through the Downturn We identified and addressed a difficult macro environment early and quickly We accordingly made difficult but immediate reductions to our operating and overhead costs including A 38%…
  8. Peters and Co Energy Conference September 2015 – Civeo Corporation – slide 8
    Migration of Civeo to Canada Completed the migration in July 2015 Rationale for redomiciling to Canada Allow us to more efficiently move earnings and cash flow from our operating subsidiaries to our parent company for capital…
  9. Peters and Co Energy Conference September 2015 – Civeo Corporation – slide 9
    Migration / Refinancing Significantly Reduces Debt Position (U.S. dollars in millions) Actuals As of 12/31/14 3/31/15 6/30/15 7/27/15 Cash 263.3 279.8 315.2 50.5 Working capital 345.5 349.8 363.7 99.1 Current debt (1) 19.4 29.1…
  10. Peters and Co Energy Conference September 2015 – Civeo Corporation – slide 10
    Near-term Focus and Positioning for Growth Near term focus is on execution and free cash flow generation Drive revenues: Maximize occupancy in lodges and villages, pursue incremental work for mobile assets and leverage existing…
  11. Peters and Co Energy Conference September 2015 – Civeo Corporation – slide 11
    Key Investment Highlights Intense Capital Discipline Given Longer Term: Organic and Differentiated Business Model Cost & Market Conditions Acquisition Growth Strategy Develop, Own, Operate model Dramatic decline in energy Organic…
  12. Peters and Co Energy Conference September 2015 – Civeo Corporation – slide 12
    Canadian LNG
  13. Peters and Co Energy Conference September 2015 – Civeo Corporation – slide 13
    LNG Canada Kitimat, British Columbia Downstream Opportunity Shell-led consortium comprised of Shell, KOGAS, Mitsubishi and PetroChina Four LNG trains producing 24 mpta (million tonnes per annum) First project to be granted a…
  14. Peters and Co Energy Conference September 2015 – Civeo Corporation – slide 14
    LNG Canada Kitimat, British Columbia Site Map Peters & Co. Energy Conference September 15, 2015 15
  15. Peters and Co Energy Conference September 2015 – Civeo Corporation – slide 15
    Sitka Lodge Initial capacity of 436 rooms with the ability to expand to 2,000 rooms as demand dictates Civeo secured 15-month contract to construct new 436-room Sitka Lodge to service LNG Canada Initial occupancy expected in 4Q15…
  16. Peters and Co Energy Conference September 2015 – Civeo Corporation – slide 16
    LNG Canada Kitimat, British Columbia Midstream Opportunity Pipeline project (750 km) to transport natural gas supply from Dawson Creek area in NE BC to Kitimat Construction of the Coastal Gas Links pipeline could require 3,500 beds…
  17. Peters and Co Energy Conference September 2015 – Civeo Corporation – slide 17
    Pacific Northwest (PNW) Port Edward, British Columbia Downstream Opportunity Consortium comprised of PETRONAS, Sinopex, JAPEX, Indian Oil Corporation and Petroleum BRUNEI Lelu Island in Port Edward two LNG trains production 12 mpta…

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