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Simmons Energy Conference – Calfrac Well Services Ltd.

Calfrac Well Services Ltd. · Mar 3, 2016 · 22 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. Simmons Energy Conference – Calfrac Well Services Ltd. – slide 1
    TSX:CFW CALFRAC WELL SERVICES LTD. 2016 Simmons Energy Conference
  2. Simmons Energy Conference – Calfrac Well Services Ltd. – slide 2
    Active Rig Counts: North America & International 2,500 800 Number of Active WCSB Land Rigs 700 2,000 600 Number of Rigs 1,500 500 400 1,000 300 200 500 100 0 0 Aug Aug Jan Jan Feb Sep Nov Dec Dec…
  3. Simmons Energy Conference – Calfrac Well Services Ltd. – slide 3
    Company Snapshot TSX Stock Symbol: CFW Share Price* 1.20 30-Day Average Volume* 976,400 Market Capitalization* 138.7 million Enterprise Value* 955.1 million Shares Outstanding* 115.6 million Insider Ownership 25% * As at…
  4. Simmons Energy Conference – Calfrac Well Services Ltd. – slide 4
    Full Service Pressure Pumping As at December 31, 2015 Canada Fleet: 425,000 Horsepower 18 Coiled Tubing Crews U.S. Fleet: 674,000 Horsepower Russia Fleet: 18 Cementing Crews 70,000 Horsepower 5 Coiled Tubing Crews 7 Coiled…
  5. Simmons Energy Conference – Calfrac Well Services Ltd. – slide 5
    Canadian Operations Canada Fleet: 425,00 Horsepower 18 Coiled Tubing Crews Calfrac Well Services Ltd. 7
  6. Simmons Energy Conference – Calfrac Well Services Ltd. – slide 6
    Canada Market Update Calfrac Market Positioning Market Trends Positioned in key areas of frac demand: Stages per well increasing Montney, Duvernay, Deep Basin, Frac spacing tightening Cardium and Viking Operators refocusing on…
  7. Simmons Energy Conference – Calfrac Well Services Ltd. – slide 7
    United States Operations U.S. Fleet: 674,000 Horsepower 18 Cementing Crews 5 Coiled Tubing Crews Calfrac Well Services Ltd. 9
  8. Simmons Energy Conference – Calfrac Well Services Ltd. – slide 8
    United States Market Update Calfrac Market Positioning Market Trends Focus on customers that are financially Stages per well increasing strong and intend to remain active in key plays across the U.S. Frac spacing tightening Target…
  9. Simmons Energy Conference – Calfrac Well Services Ltd. – slide 9
    Managing The Downturn Service Line Strategy Workforce/Fixed Cost Optimization Equipment will be idled if operating margins do Canada not meet the companys return requirements Reduced field workforce by 60% from Optimize completion…
  10. Simmons Energy Conference – Calfrac Well Services Ltd. – slide 10
    Latin America Operations Neuqun, Argentina Frac Operation (2014). Calfrac Well Services Photo Calfrac Well Services Ltd. 12
  11. Simmons Energy Conference – Calfrac Well Services Ltd. – slide 11
    Argentina Market Update Calfrac Market Positioning Argentina Fleet: One of the largest pressure pumping 108,250 Horsepower companies in Argentina 15 Cementing Crews 6 Coiled Tubing Crews Customer expansion to IOCs and domestic…
  12. Simmons Energy Conference – Calfrac Well Services Ltd. – slide 12
    Mexico Market Update Calfrac Market Positioning Long-term opportunity due to Mexican energy industry reforms Low oil prices will limit immediate impact Round One tenders are ongoing Market Outlook Limited near-term activity…
  13. Simmons Energy Conference – Calfrac Well Services Ltd. – slide 13
    Russia Operations Siberia, Russia Frac Crew (2006). Calfrac Well Services Photo Calfrac Well Services Ltd. 15
  14. Simmons Energy Conference – Calfrac Well Services Ltd. – slide 14
    Russian Operations Russia Fleet: 7 Fracturing Spreads 70,000 Horsepower 7 Coiled Tubing Crews Calfrac Well Services Ltd. 16
  15. Simmons Energy Conference – Calfrac Well Services Ltd. – slide 15
    Russia Market Update Calfrac Market Positioning Horizontal fracturing in conventional reservoirs is a significant amount of Calfracs activity Small rouble-based pricing increases achieved in 2015 Rouble devaluation has negatively…
  16. Simmons Energy Conference – Calfrac Well Services Ltd. – slide 16
    Committed To Safety, Quality And Flawless Execution LICENSE TO OPERATE Calfrac Well Services Ltd. 18
  17. Simmons Energy Conference – Calfrac Well Services Ltd. – slide 17
    Our License to Operate HSE Plan Do Assess Adjust QUALITY Monitor Refine Execute Improve TECHNOLOGY Research Develop Test Refine SUPPLY CHAIN Evaluate Negotiate Finalize Implement Calfrac employee on a Canadian hydraulic…
  18. Simmons Energy Conference – Calfrac Well Services Ltd. – slide 18
    FINANCIAL HIGHLIGHTS Calfrac Well Services Ltd. 20
  19. Simmons Energy Conference – Calfrac Well Services Ltd. – slide 19
    The Balance Sheet Term Debt US600 mm with an interest rate of 7.5% Matures in 2020 Credit Facilities Recently renegotiated facility structure and covenants Loan facility now 300 mm Facility matures in September 2018 Capital…
  20. Simmons Energy Conference – Calfrac Well Services Ltd. – slide 20
    Relaxation Of Covenants Funded Debt/EBITDA covenant amendments including two periods of waivers Introduction of Equity Cure: Applicable up to December 31, 2017 Not to exceed the greater of 50% of total EBITDA over the prior…
  21. Simmons Energy Conference – Calfrac Well Services Ltd. – slide 21
    Amendments To Credit Facility A voluntary reduction in the Credit Facilities commitment from 400 mm to 300 mm Advances under the Credit Facilities will be limited by borrowing base based on North American accounts receivable, cash…
  22. Simmons Energy Conference – Calfrac Well Services Ltd. – slide 22
    Senior Note Indenture Considerations Offside our Fixed Charge Coverage Ratio (FCCR) but not in breach of covenants or defaults Indenture restricts ability to incur additional debt or make certain restricted payments when offside…

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