Savanna Energy Services Corp. June 2016 TSX: SVY 1
Corporate Overview TSX: SVY Common Shares Outstanding(1) 90.3 million Equipment Fleet: Common Share Trading Price(1) 1.82 52-week Trading Range(1) 0.97-1.98 DIVISION COUNTRY EQUIPMENT Market Capitalization(1) 164 million Drilling…
2015 Structural Changes Organizational structure flattened: Executive Officers reduced from six to two Middle management greatly reduced Consolidated operating locations / sold real estate: Five locations in Alberta into one center…
Other 2015 Initiatives Salary and wage roll backs of all nonrig employees (15% average for the Board and executives; 7% average for all others) Reduced field wages where possible Significant capital spend reduction to 26.2*…
Progress on 2016 Key Initiatives Reduction in total debt, net of cash of 23.6 million by the beginning of May (9.4 million in Q12016) Reduction of the total available senior secured revolving credit facility from 250 million to 150…
Diversification Benefits 2016 Revenue Distribution (1) 42% 40% Canada Multiple countries US Multiple business lines drilling, 18% Australia well servicing & rentals Multiple equipment types 7% 39% 54% Drilling Servicing…
Health, Safety & Environment Total Recordable Incident Frequency (TRIF) Rolling 12month TRIF 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 2016 5, 5% 12, 12% 16, 17% 40, 41% 53, 54% 68, 71% 3800m…
Equipment Fleet Australia 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. New, high-specification…
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…
Total Debt Balance Sheet Drawn Drawn Authorized (millions) Mar 31/16 Dec 31/15 Senior Notes, due May 175 175 175 2018 Revolving Credit 150 91 98 Facilities Partnership & Other 19 7 8 Financing Total Debt 344 273 281 Cash 8…
Debt to EBITDA Covenant Savannas Total Funded Debt to twelvemonth trailing EBITDA ratio moved from 2.54:1 at December 31, 2015 to 2.94:1 as of March 31, 2016. The covenant ratios for 2016 and 2017 are as follows: For the quarter…
Loading...
