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TD Securities London Energy Conference – Calfrac Well Services Ltd.

Calfrac Well Services Ltd. · Jan 5, 2016 · 24 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. TD Securities London Energy Conference – Calfrac Well Services Ltd. – slide 1
    TSX:CFW CALFRAC WELL SERVICES LTD. 2016 TD Securities London Energy Conference
  2. TD Securities London Energy Conference – Calfrac Well Services Ltd. – slide 2
    Current State Of The Market OPEC continuing to produce at current levels (despite global oversupply) and will revisit forward output plans at the next meeting in June 10,000 9,000 Production in the Lower 48 has 8,000…
  3. TD Securities London Energy Conference – Calfrac Well Services Ltd. – slide 3
    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 1/7/2011 1/7/2012 1/7/2013 1/7/2014 1/7/2015 Jan Feb Mar…
  4. TD Securities London Energy Conference – Calfrac Well Services Ltd. – slide 4
    Company Snapshot TSX Stock Symbol: CFW Share Price* 2.29 30-Day Average Volume* 885,000 Market Capitalization* 264.7 million Enterprise Value* 1.1 billion Shares Outstanding* 115.6 million Insider Ownership 25% * As at 16:00:00…
  5. TD Securities London Energy Conference – Calfrac Well Services Ltd. – slide 5
    Full Service Pressure Pumping As at September 30, 2015 Canada Fleet: 17 Fracturing Spreads 425,000 Horsepower 18 Coiled Tubing Crews U.S. Fleet: Russia Fleet: 15 Fracturing Spreads 7 Fracturing Spreads 674,000 Horsepower…
  6. TD Securities London Energy Conference – Calfrac Well Services Ltd. – slide 6
    Committed To Safety, Quality And Flawless Execution GLOBALLY DIVERSE OPERATIONS Calfrac Well Services Ltd. 7
  7. TD Securities London Energy Conference – Calfrac Well Services Ltd. – slide 7
    Canadian Operations Canada Fleet: 17 Fracturing Spreads 425,00 Horsepower 18 Coiled Tubing Crews Calfrac Well Services Ltd. 8
  8. TD Securities London Energy Conference – Calfrac Well Services Ltd. – slide 8
    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…
  9. TD Securities London Energy Conference – Calfrac Well Services Ltd. – slide 9
    United States Operations U.S. Fleet: 15 Fracturing Spreads 674,000 Horsepower 18 Cementing Crews 5 Coiled Tubing Crews Calfrac Well Services Ltd. 10
  10. TD Securities London Energy Conference – Calfrac Well Services Ltd. – slide 10
    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…
  11. TD Securities London Energy Conference – Calfrac Well Services Ltd. – slide 11
    Managing The Downturn Service Line Strategy Workforce/Fixed Cost Optimization Canada Equipment will be idled if operating margins Reduced field workforce by 40% from do not meet the companys return January 1, 2015 requirements…
  12. TD Securities London Energy Conference – Calfrac Well Services Ltd. – slide 12
    Latin America Operations Neuqun, Argentina Frac Operation (2014). Calfrac Well Services Photo Calfrac Well Services Ltd. 13
  13. TD Securities London Energy Conference – Calfrac Well Services Ltd. – slide 13
    Argentina Market Update Calfrac Market Positioning Argentina Fleet: One of the largest pressure pumping companies 95,750 Horsepower* in Argentina 11 Cementing Crews Customer expansion to IOCs and domestic 6 Coiled Tubing Crews…
  14. TD Securities London Energy Conference – Calfrac Well Services Ltd. – slide 14
    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…
  15. TD Securities London Energy Conference – Calfrac Well Services Ltd. – slide 15
    Russia Operations Siberia, Russia Frac Crew (2006). Calfrac Well Services Photo Calfrac Well Services Ltd. 16
  16. TD Securities London Energy Conference – Calfrac Well Services Ltd. – slide 16
    Russian Operations Russia Fleet: 7 Fracturing Spreads 70,000 Horsepower 7 Coiled Tubing Crews Calfrac Well Services Ltd. 17
  17. TD Securities London Energy Conference – Calfrac Well Services Ltd. – slide 17
    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…
  18. TD Securities London Energy Conference – Calfrac Well Services Ltd. – slide 18
    Committed To Safety, Quality And Flawless Execution LICENSE TO OPERATE Calfrac Well Services Ltd. 19
  19. TD Securities London Energy Conference – Calfrac Well Services Ltd. – slide 19
    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…
  20. TD Securities London Energy Conference – Calfrac Well Services Ltd. – slide 20
    FINANCIAL HIGHLIGHTS Calfrac Well Services Ltd. 21
  21. TD Securities London Energy Conference – Calfrac Well Services Ltd. – slide 21
    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…
  22. TD Securities London Energy Conference – Calfrac Well Services Ltd. – slide 22
    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…
  23. TD Securities London Energy Conference – Calfrac Well Services Ltd. – slide 23
    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 on…
  24. TD Securities London Energy Conference – Calfrac Well Services Ltd. – slide 24
    Positioning For Growth Experienced management team Proven track record of effectively managing and growing through oilfield services cycles Innovative approach to financing opportunities US Fracturing Job (2014) Calfrac Well…

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