May 2016 Investor Presentation – Enservco Corp
Enservco Corp ·
May 31, 2016 · 23 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
InvestorPresentation May2016
CompanyOverview Leadingprovider ofwellstimulationandfluidmanagementservices todomestic onshoreconventionalandunconventionaloilandgascustomers PrimaryServices: FracWaterHeatingHotOiling AcidizingBacteriaandScalingTreatment…
KeyData StockData ResearchCoverage Symbol(NYSE:MKT) ENSV WilliamBlair BrandonDobell 52-weekrange* 0.27- 1.86 NorthlandCapitalMarkets JeffGrampp Recentprice* 0.71 MaximGroup BillBremer Avg.volume(3mo.)* 50,300 EuroPacificCapital…
ENSVShareholderOverview PartiallistofENSERVCOsinstitutionalshareholders asofMay12,2016: Institution SharesHeld CrossRiverCapitalManagement 8,990,017 HunterAssociates 2,500,000 Granahan InvestmentManagement 2,137,587…
InvestmentConsiderations Onlynationalprovider ofhotoiling, acidizing, frac heating, HydroFLOWbacteriaandscale treatment,watertransfer,waterhauling, andsupportequipment rentalservices Mobileequipment fleetallowsforrapidredeployment…
ExperiencedLeadershipTeam RickKasch PresidentandCEO;Co-Founder ResponsibleforENSERVCOoperationssinceCompanyinceptionin2006 ExecutedacquisitionsofENSERVCOs predecessorbusinesses…
NotableEventsinCompanyHistory 2016 LaunchedHeatWavesWaterManagementDivisionfollowing4Massetacquisition AcquiredexclusiverightstoHydroFLOWbacteria&scalingtreatmentsystem Completionoffleetexpansion:fleetsizeandrevenuecapacitydoubles 2015…
OperatingSubsidiaries HeatWavesWaterManagement HeatWavesHotOilService LaunchedinJanuary2016 82%of2015consolidatedrevenue Primaryservices: Watertransfer Primaryservices: Bacteriaandscalingtreatment Frac waterheating Hotoiling…
ServiceOverview Frac WaterHeating Fracwaterheatingistheprocessofheatingthewaterusedtohydraulicallyfractureoil andnaturalgaswells. Thisprocessensuresfluidtemperaturesmeettherequirements ofthecustomersfrac design.…
ServiceOverview HotOiling Hotoilinginvolvesheatingandcirculatingoilorsimilarfluidsdownawellbore,where thefluiddissolvesanddislodgesparaffinandotherhydrocarbondeposits. Hotoilingisalsousedtoheatthecontentsofoilstoragetanks,aprocessthat…
ServiceOverview Acidizing Acidizinginvolvespumpingspeciallyformulatedacidsand/orchemicalsintoawellto dissolvematerialsblockingtheflowofoilornaturalgas. Acidizingisusedforincreasingpermeabilitythroughouttheformation,cleaning…
ServiceOverview WaterTransfer HeatWavesWaterTransferprovidessafe,uninterruptedwaterflowforhydraulic fracturing.Alongwithourequipmentweemployahighlytrainedteamofoperators toensurethehighestqualityofservice. 12,10and8no-leak,lay-flathose…
ServiceOverview HydroFLOW HydroFLOW bacteria and scaling treatment service uses patented technology to remove bacteria from fresh and recycled water used in fracs and injection wells with up to a 95% bacteria kill rate Chemical-free…
ServiceOverview Frac SupportEquipmentRental Rental of a broad range of support equipment for frac operations, including generators, light plants and related equipment
WaterHaulingServices ENSERVCOswaterhaulingbusinesstransportswatertofillfrac tanksorreservoirsat welllocations,transportsproductionwatertodisposalwells,movesdrillingand…
ServiceAssetsandCapex Initiatives Endof Endof Fleet ExpansionOverview 2013/2014 2014/2015 Season Season Frac WaterHeating UnitEquivalents** 44 81 Hot Oilingunits 27 57 Acid Transport 3 7 ** MegaFrac…
ServiceTerritory Demand-drivenExpansion NorthDakota 6 5 Wyoming 8 9 Pennsylvania 7 Colorado 12 Kansas ENSERVCOLocations 4 3 Colorado Pennsylvania 1.Denver 7.Carmichaels Headquarters MarcellusShale& 2.Platteville…
ServiceRevenue inmillions Replace with bar chart Note:Amountsarenetofrevenuegeneratedfrompassthroughofpropanecosts.
SelectedCustomers
CompetitiveLandscape Industryconsistsprimarilyofsmallmomandpopandregionallyfocused service providers ENSERVCOsCompetitive Advantages: Onlynationalprovider ofhotoiling,acidizing,fracwaterheating,…
FinancialHighlights inthousands 2012 2013 2014* 2015* Revenue 31,498 46,473 56,564 38,778 Grossprofit 7,953 14,603 15,306 9,969 %margin 25% 31% 27% 26% Operatingincome 1,701 8,249 6,948 (620) Incomeaftertax 401 4,301 4,006…
FinancialHighlights(continued) inthousands December31, March31, 2015 2016 Cash &AccountsReceivable 7,842 5,354 Currentassets 9,445 6,949 Totalassets 46,422 46,683 Workingcapital 6,091 4,160 LTdebt, netofcurrentportion 20,764…
GrowthStrategy Two pronged approach Organic and Acquisitions Parameters 1. Balance revenue streams between recurring maintenance and drill bit 2. Reduce seasonality 3. Diversify service offerings (bundled services) 4. High gross…
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