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Cowen Ultimate Energy Conference – Ensign Energy Services Inc.

Ensign Energy Services Inc. · Dec 8, 2015 · 21 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. Cowen Ultimate Energy Conference – Ensign Energy Services Inc. – slide 1
    Corporate Presentation December 2015
  2. Cowen Ultimate Energy Conference – Ensign Energy Services Inc. – slide 2
    Geographic Diversification Revenue Geographic Segmentation Canada 22% United States 36% International 42% Canada MENA 90% Drilling & Rig Services United States Kurdistan Completion & Libya 10% Production Services Oman…
  3. Cowen Ultimate Energy Conference – Ensign Energy Services Inc. – slide 3
    Quick to React reduced worldwide G&A by 50% build program wrapped up all new rigs on contract strong balance sheet geographically diverse pad fleet fit for market Poised for the future TSX : ESI
  4. Cowen Ultimate Energy Conference – Ensign Energy Services Inc. – slide 4
    Drilling & Rig Services North America 176 98 78 Drilling Rigs Horn River 31 78 Montney Oil Sands 47 Cardium Directional Drilling Kits Bakken Utica 36 San Jonah Joaquin Niobrara 36 Basin Piceance Marcellus Core &…
  5. Cowen Ultimate Energy Conference – Ensign Energy Services Inc. – slide 5
    Drilling & Rig Services - International Substantial & growing international presence 56 Drilling Rigs rigs 60 50 40 30 20 MENA Drilling rigs 15 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014…
  6. Cowen Ultimate Energy Conference – Ensign Energy Services Inc. – slide 6
    Completion & Production Services 118 Servicing Rigs 46 72 Horn River Montney Oil Sands Cardium Bakken Utica 97 Niobrara Frac Flow Units San Jonah Joaquin Piceance Basin Granite Marcellus Woodford 46 Wash 50 Monterey…
  7. Cowen Ultimate Energy Conference – Ensign Energy Services Inc. – slide 7
    Fleet Transition Cumulative newbuilds (incl. major retrofits) Rig Fleet from Acquisitions (less decommissions) 350 PAD rigs 1200 Horsepower 300 1000 250 800 3.7 bln Horsepower 200 Rigs 600 150 400 100 950 M…
  8. Cowen Ultimate Energy Conference – Ensign Energy Services Inc. – slide 8
    Drilling Rigs by Tier 200 80% 180 70% 160 60% 140 50% 120 100 40% 80 30% 60 20% 40 10% 20 0 0% 2009 2010 2011 2012 2013 2014 2015 ADR Type Seasonal Fleet Tier 1 percentage As of September 30, 2015 TSX : ESI
  9. Cowen Ultimate Energy Conference – Ensign Energy Services Inc. – slide 9
    Solid Customer Base - Worldwide 30% 70% Worldwide Majors / NOC Mid Cap / Juniors TSX : ESI
  10. Cowen Ultimate Energy Conference – Ensign Energy Services Inc. – slide 10
    Standardized Crew Training Worldwide Lower cost Higher efficiency Service Quality Delivery Superior Consistency Level of Worldwide Service TSX : ESI
  11. Cowen Ultimate Energy Conference – Ensign Energy Services Inc. – slide 11
    Ability to Innovate & Apply Technology Speciality Rigs Drillers Cabin ASR Slant Self Moving Pad Rigs Well Service Rig Natural Gas ADR Controls Intelligence Off-line Stand Building TSX : ESI
  12. Cowen Ultimate Energy Conference – Ensign Energy Services Inc. – slide 12
    ADR The Rig Type with More Walk with accuracy Depth Flexibility The ADR walks on both X + Y axis, for the best mobility and flexibility of any rig on the market 1000 HP Safety from the ground up The ADR is designed and built by…
  13. Cowen Ultimate Energy Conference – Ensign Energy Services Inc. – slide 13
    Directional Drilling Services - the move to lower cost integrated services Full Service Provider In-house repair facilities Patented design mud motors Best in class MTBF Growing organic opportunity DD Operations Ensign Rigs…
  14. Cowen Ultimate Energy Conference – Ensign Energy Services Inc. – slide 14
    Well Performance Optimization Well Optimization teams based in US and Canada Real time coordination with clients Reduced well costs Value added integrated service TSX : ESI
  15. Cowen Ultimate Energy Conference – Ensign Energy Services Inc. – slide 15
    Safety Awareness the proxy for efficient operations 10 M Manhours LTI Freq TRI Freq 25 9.09 9 8 20 7.09 7.13 7 Injury Frequency (200,000 man hours) 6 5.57 15 Man Hours 5 4.65 4.00 4 10 3.21 3.11 3 2.45 2.21…
  16. Cowen Ultimate Energy Conference – Ensign Energy Services Inc. – slide 16
    Dividends per Common Share 0.50 16% Compound Annual Growth Rate 0.45 0.40 2010 0.3575 per share 0.35 2011 0.3900 per share 2012 0.4250 per share 0.30 2013 0.4475 per share 0.25 2014 0.4725 per share 0.20 Current Yield 6.7% 0.15…
  17. Cowen Ultimate Energy Conference – Ensign Energy Services Inc. – slide 17
    Debt Metrics millions, December 31 2,500 Net Debt (Short Term Debt + Long Term Debt - Cash) Equity 2.5 Net Debt / Equity Net Debt / Adjusted EBITDA NBV/Market CAP 2,000 2.0 1,500 1.5 1,000 1.0 500 0.5 0 0.0 2010…
  18. Cowen Ultimate Energy Conference – Ensign Energy Services Inc. – slide 18
    Revenue - EBITDA millions, 12 months ended December 31 EBITDA (adjusted) 2500 Revenue 2000 1500 1000 500 0 2011 2012 2013 2014 2015e EPS 1 1.39 1.42 0.84 0.47 0.08 0.40 1 Estimate based on range of analysts…
  19. Cowen Ultimate Energy Conference – Ensign Energy Services Inc. – slide 19
    Go Forward Strategy conserve cash reduce debt leverage Ensigns ADR technology around the world expand integrated DD model with current client base set the balance sheet up for opportunistic growth TSX : ESI
  20. Cowen Ultimate Energy Conference – Ensign Energy Services Inc. – slide 20
    Summary Why Ensign management aligned with shareholders (high level of ownership) consistent dividend history well positioned globally best positioned for opportunistic growth in 2016 low fixed cost high variable cost business model…
  21. Cowen Ultimate Energy Conference – Ensign Energy Services Inc. – slide 21
    ensignenergy.com TSX : ESI

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