C&J Energy Services Management Presentation December 2015
Company Overview One of the largest, integrated providers of NYSE Ticker: CJES completion and production services with assets deployed across most major oil and gas producing Share Price (11/27/2015) 5.49 basins in the United States…
C&J Positioned as Provider of Choice with Operations in Key Basins New The March 2015 combination of legacy C&J Energy Services and Nabors Completion & Production Services business provides meaningful benefits to expanding…
Expansive Geographic Footprint + Legacy South Texas West Texas California Rockies(1) Marcellus(1) Canada Other Completion Well Support Nabors Completion and Production Facilities Services Services Nabors Completion…
Core Service Offerings Completion Services Well Support Services Other Services Hydraulic Fracturing Rig Services Equipment Manufacturing & Repair Coiled Tubing Fluids Management Specialty Chemicals Wireline & Pumpdown Special Well…
Completion Services Hydraulic Fracturing: Revenue & Gross Margin Profile (mm)(1) 1,800 50.0% 1.2MM total HHP, as of 9/30/2015 1,600 45.0% 1,400 40.0% 700K HHP currently working 1,200 35.0% 30.0% 1,000 400K HHP stacked 800 25.0%…
Well Support Services Workover Rig Services: Revenue & Gross Margin Profile (mm)(1) 1,200 50.0% Includes workover rig, plug & abandonment and other specialty services 1,000 40.0% 800 US well support services, as of 9/30/15: 30.0%…
Near Term Outlook: Managing the Downturn Well Positioned to Navigate Volatile Market Conditions Current Focus & Strategy Retain operational presence with existing customer base in key operating basins Well positioned in most active…
Operational Model Drives Best-In-Class Performance Attractive Geographic Footprint and Customer Base Strong presence in Permian and Eagle Ford core acreage with lower breakeven oil prices Established and growing presence in other…
Cost Control & Efficiency Initiatives Active Cost Management Close underperforming locations and reallocate resources to most active basins Aggressive cost saving initiatives through continued implementation of vertical integration…
Debt Maturity Schedule & Capitalization Term Loan Maturity Schedule Balance Sheet Accounts at 9/30/15 600 Cash and Cash Equivalents 23 575 Revolver & LOC 107 500 485 Term Loan B1 572 400 Term Loan B2 483 (US in mm) 300…
Nabors C&P Transaction Overview C&J combined with Nabors Completion and Production Services business in the U.S. and Canada (creating New C&J) in a stock-for-stock transaction on March 24, 2015 C&J stockholders received one share of…
Legacy C&J Energy Services: Revenue By Geography & Service Line By Geography ( in mm) By Service Line ( in mm) 1,823 *Other includes East Texas, North Dakota and Pennsylvania *Other includes Equipment Manufacturing, Chemicals,…
Legacy Nabors C&P: Revenue By Geography & Service Line Completion Services ( in mm) Production Services ( in mm) *Other includes Arkansas, Louisiana, Gulf Coast, California and Corporate Source: NCPS Management C&J Energy…
C&J Financials EBITDA and Adjusted EBITDA(1) Reconciliation Year Ended December 31, (2) ( in thousands) 2010 2011 2012 2013 2014 LTM 09/30/15 (Una udited) Net income 32,272 161,979 182,350 66,405 68,823 (528,489) Interest expense,…
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