Savanna Energy Services Corp. November 3, 2015 TSX: SVY 1
Corporate Overview TSX: SVY Common Shares Outstanding(1) 90.3 million Common Share Trading Price(1) 1.21 52-week Trading Range(1) 1.01-6.20 Market Capitalization(1) 110.1 million 90 Day Average Trading Volume(1) 314,412 Property…
Structural Changes Not a run through the dip strategy. Structural changes have been made that were necessary regardless of oil and gas prices Non-rig related salaried positions reduced by 44% from where they were at the end of 2014…
Adapting to the low commodity price environment Salary and wage roll backs of all non-rig employees (15% average for the Board and executives; 7% average for all others) Reduced field wages where possible Significant net capital…
Results of Changes Excluding severances, Q3/15 G&A and indirect operating expenses have been reduced by 12.4 million from Q3/14 Operating margins were 34% in Q3/15 compared to 29% in Q3/14 Total debt, net of cash as of November 2,…
Revised Covenants Savannas Total Funded Debt to twelve-month trailing EBITDA ratio moved from 2.3:1 at December 31, 2014 to 2.4:1 as of September 30, 2015. The covenant ratios for the remainder of 2015 and 2016 are as follows: For the…
Canadian Operations 68 Drilling Rigs 65 Service Rigs OUTLOOK Working with customers to streamline operations and pass on savings in a volatile commodity market to maintain our margin Closure of six locations and consolidation…
United States Operations 28 Drilling Rigs 18 Service Rigs OUTLOOK Rationalizing corporate and field infrastructure to address lower activity level Added one 1500HP AC electric drilling rig in late 2014 and two more in 2015…
Australian Operations 5 Drilling Rigs 12 Service Rigs OUTLOOK All but one rig subject to take-or- pay contracts Four more LNG trains starting in the next 14 months in addition to the two currently in operation Drilling for…
Diversification Revenue Distribution 100% Savanna's diversification provides benefit: 90% 80% Savanna has disproportionately 70% expanded its operations 60% outside of Canada 50% Reduces the relative impact of 40% seasonality in…
Health, Safety & Environment Total Recordable Incident Frequency (TRIF) Rolling 3-month TRIF 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 12
2015 Capital Program Capex Program Initiatives millions 2014 Carry-Over: 31% 39% 2014 Growth Initiatives 22.7 2014 New Field Operating Facilities 17.9 2015 Maintenance Capital 14.1 Proceeds on sale of assets (16.3) Net Capital…
Total Debt Balance Sheet Drawn Drawn Drawn Authorized (millions) Nov 2/15 Sep 30/15 Dec 31/14 Senior Notes, due May 175 175 175 175 2018 Revolving Credit 250 117 126 161 Facilities Partnership & Other 17 9 11 15 Financing…
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