Savanna Energy Services Corp. January 2016 TSX: SVY 1
Corporate Overview TSX: SVY Common Shares Outstanding(1) 90.3 million Equipment Fleet: Common Share Trading Price(1) 1.24 52-week Trading Range(1) 1.01-3.48 DIVISION COUNTRY EQUIPMENT Market Capitalization(1) 113.72 million…
Structural Changes Non-rig related positions reduced 45% from YE 2014 Organizational structure flattened: Executive Officers reduced from six to two Middle management greatly reduced Consolidated operating locations / sold real…
Other Initiatives Cancelled dividend 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 Capital spend reduction to 27.7 million* Unutilized…
Results EBITDA of 78 million through Q3/15 Includes 10M severance Operating margins of 34% in Q3/15 vs. 29% in Q3/14 Annualized G&A and Indirect down by 50 million relative to 2014 exit run-rate YTD net debt reduced by 60 million…
Diversification Benefits Revenue Distribution (1) 33% 41% Multiple countries Canada US Multiple business lines drilling, 26% well servicing & rentals Australia Multiple equipment types 6% 34% Drilling 60% Servicing…
Health, Safety & Environment Total Recordable Incident Frequency (TRIF) Rolling 12-month TRIF 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 8
Equipment Fleet North American Drilling Rig Fleet by Depth Rating 2009 2015 40, 41% 16, 17% 5, 5% 68, 71% 12, 12% 53, 54% 4000m and…
Equipment Fleet Tier One 1,500 hp AC rigs in the North American oilfield services market appear overbuilt. Spot day rates well below 20k a day for 20-25 million dollar rigs means poor ROA. Nabors Helmerich & Payne 10
Equipment Fleet Savannas investment in Australia is roughly equivalent to 8 Tier One rigs. New, highly mobile hybrid CT-1500 drilling rigs ideally suited for coal seam gas drilling in Queensland. Currently trialing Octopus horizontal…
Equipment Fleet Canada Diverse Canadian drilling fleet that can work in all but the deepest basins in Western Canada. Entire Canadian drilling fleet equipped with top drives CT-1500s have become preferred rigs for oil sands coring…
Equipment Fleet U.S. High specification, top drive equipped AC drilling rigs in the U.S. 1 AC triple drilling rig and 2 AC telescoping double drilling rigs built for the Marcellus 2 AC triple drilling rigs, one in Colorado and one in…
Equipment Fleet Australia Canada U.S. ( millions) ( millions) ( millions) (1)129 million CAD NBV (FX - 0.94) 561 million CAD NBV 235 million CAD NBV (FX - 1.34) 22, 4% 106, 19% 77, 96, 60% 12, 30, 82, 41% 10% 68, 13% 7, 6,…
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…
Debt to EBITDA Covenant 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 2015 and 2016 are as follows: For the quarter…
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