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BAML 2016 Energy Credit Conference – Basic Energy Services Inc.

Basic Energy Services Inc. · Jun 7, 2016 · 15 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. BAML 2016 Energy Credit Conference – Basic Energy Services Inc. – slide 1
    Bank of America Merrill Lynch Energy Credit Conference New York, NY June 7, 2016 OUR LIFES WORK IS THE LIFE OF THE WELLTM NYSE: BAS
  2. BAML 2016 Energy Credit Conference – Basic Energy Services Inc. – slide 2
    Proven Growth Strategy TM Our Lifes Work is the Life of the Well Basic Energy Services supports its customers well site activities from cradle to grave Diversified service offering poised for future growth opportunities The…
  3. BAML 2016 Energy Credit Conference – Basic Energy Services Inc. – slide 3
    Our Lifes Work is the Life of the WellTM Every Well is a Potential Life-Long Customer Production Basics Strategy for Success 1. Rate of Returns Driven 2. Proven Management with Ability to Weather Cycles 3. Diversified Service…
  4. BAML 2016 Energy Credit Conference – Basic Energy Services Inc. – slide 4
    Basic Energy Services Snapshot 1Q16 Revenue by Region Company Data: Sizeable Footprint in the Resilient Permian Basin NYSE Ticker: BAS Ark-La- California Appalachian/ Tex/Haynesville 1% Marcellus 7% 3% Share price (as of 06/03/16):…
  5. BAML 2016 Energy Credit Conference – Basic Energy Services Inc. – slide 5
    Extensive Footprint in Prolific Basins Significant Exposure to Major Oil and Gas Markets 75% Revenue Exposure to Oil and Liquids Activity Appalachia BAKKEN 190,000+ Gross Wells (10% oil) California APPALACHIA 50,000+ Gross Wells…
  6. BAML 2016 Energy Credit Conference – Basic Energy Services Inc. – slide 6
    How We Manage Through Cycles Invest in new equipment Expand into new markets Maximize utilization to increase market share Develop new service offerings Upcycle Match Capex to cash flow Downcycle Maximize utilization to…
  7. BAML 2016 Energy Credit Conference – Basic Energy Services Inc. – slide 7
    Operational Update Equipment counts at May 31, 2016 Well servicing rigs 421 Fluid service trucks 970 Hydraulic horsepower (HHP) 443,600 Drilling rigs - 12 Stacked equipment at May 31, 2016 Well servicing rigs 134 HHP 192,000…
  8. BAML 2016 Energy Credit Conference – Basic Energy Services Inc. – slide 8
    Specialized Completion & Remedial Services Focused on Markets Traditionally Underserved by Larger Competitors Revenue Support drilling, workover and production 250 processes 200 Pumping services for cementing, acidizing,…
  9. BAML 2016 Energy Credit Conference – Basic Energy Services Inc. – slide 9
    Fluid Services Basics Integrated Fluid Service Business Anchored by Expansive SWD Network Revenue Transportation and disposal of salt water 120 produced as a by-product of oil and gas 100 production Sale, transportation, storage and…
  10. BAML 2016 Energy Credit Conference – Basic Energy Services Inc. – slide 10
    Fluid Service Truck Hours/ of SWD Wells 255,000 90 Number of Salt Water Disposal Wells 235,000 85 215,000 80 Truck Hours 195,000 75 175,000 70 155,000 65 135,000 60 115,000 55 Jan09 Jan10 Jan11 Jan12 Jan13…
  11. BAML 2016 Energy Credit Conference – Basic Energy Services Inc. – slide 11
    Well Servicing Well Servicing Rigs Facilitate Down Hole Activity Revenue Service Work - routine maintenance of down- 120 hole equipment to return well to production 100 Workover - periodic major maintenance and 80 renovation to…
  12. BAML 2016 Energy Credit Conference – Basic Energy Services Inc. – slide 12
    Well Servicing Rig Utilization Rates Concentrated Presence in Oil and Liquid-Directed Markets 85,000 90% 80% 75,000 70% 65,000 60% Utilization Rate Rig Hours 50% 55,000 40% 45,000 30% 20% 35,000 10% 25,000 0%…
  13. BAML 2016 Energy Credit Conference – Basic Energy Services Inc. – slide 13
    Balance Sheet Preserving Liquidity to Extend Runway in a Difficult Operating Environment Debt Maturity Distribution Balance Sheet Accounts 3/31/2016 Callable after (in millions) 500 2/15/2015 Cash and Cash Equivalents (1) 159…
  14. BAML 2016 Energy Credit Conference – Basic Energy Services Inc. – slide 14
    Back to Basics Diversified service offerings for Providing a safe work environment is a top both vertical and horizontal activity priority Returns driven through the cycles Modern fleet matched to market needs Operating in basins with…
  15. BAML 2016 Energy Credit Conference – Basic Energy Services Inc. – slide 15
    Explanatory Information Adjusted EBITDA means earnings before interest, taxes, depreciation, amortization., gain or loss of disposal of assets and any non-recurring items. Adjusted EBITDA is used as an supplemental financial measure by…

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