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FIRSTENERGY CAPITAL CONFERENCE – CWC Energy Services Corp

CWC Energy Services Corp · Nov 19, 2014 · 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

  1. FIRSTENERGY CAPITAL CONFERENCE – CWC Energy Services Corp – slide 1
    FirstEnergy Capital Energy Growth Conference November 19, 2014 TSXV: CWC 1
  2. FIRSTENERGY CAPITAL CONFERENCE – CWC Energy Services Corp – slide 2
    Capitalization and Trading Highlights Acquisition Acquisition Current Announcement Closing Share Price March 18, 2014 May 15, 2014 Nov. 13, 2014 Shares outstanding 155.3 million 270.4 million 269.4 million Share price March 18, 2014,…
  3. FIRSTENERGY CAPITAL CONFERENCE – CWC Energy Services Corp – slide 3
    Total Return Performance Share Share Dividend Total Return Total Return Price Price Gain Per Share % Dec. 31, 2010 0.25 n/a n/a n/a n/a Dec. 31, 2011 0.59 0.34 nil 0.34 136% Dec. 31, 2012 0.70 0.11 0.065 0.175 30% Dec. 31, 2013…
  4. FIRSTENERGY CAPITAL CONFERENCE – CWC Energy Services Corp – slide 4
    Total Return Performance 3 Years TSXV: CWC www.cwcenergyservices.com 5 5
  5. FIRSTENERGY CAPITAL CONFERENCE – CWC Energy Services Corp – slide 5
    Who Are We Directors Management Experience Jim Reid Duncan Au 24 years Chairman of CWC President and CEO Alexander Greene Ron Sutley VP Operations (Drilling) 42 years Director of CWC Wade McGowan Darwin McIntyre Director of CWC 34…
  6. FIRSTENERGY CAPITAL CONFERENCE – CWC Energy Services Corp – slide 6
    What We Do Contract Drilling Production Services 9 Drilling Rigs 72 Service Rigs 9 Coil Tubing 10 Well Testing 2014 PRO FORMA - REVENUE 2014 PRO FORMA - EBITDAS 32% Production Services Production Services 38% 68% Contract…
  7. FIRSTENERGY CAPITAL CONFERENCE – CWC Energy Services Corp – slide 7
    Where We Work Across Entire WCSB From NE BC to SE Saskatchewan in all the oil and natural gas plays. TSXV: CWC www.cwcenergyservices.com 8 8
  8. FIRSTENERGY CAPITAL CONFERENCE – CWC Energy Services Corp – slide 8
    Canadian Drilling & Service Rig Market Drilling Service Sep. 2014 Rigs Rigs Total Precision Drilling 190 175 365 Ensign Energy Services 103 92 195 Nabors Industries 64 70 134 Savanna Energy Services 71 73 144 Western Energy…
  9. FIRSTENERGY CAPITAL CONFERENCE – CWC Energy Services Corp – slide 9
    Contract Drilling 9 telescopic double drilling rigs with Rig 10 under construction with expected delivery in Q3 2015. 8 of the 9 drilling rigs have top drives. Top Drive 10 is on order. Depths from 3,200 to 4,500 metres. Average age…
  10. FIRSTENERGY CAPITAL CONFERENCE – CWC Energy Services Corp – slide 10
    Drilling Rig 9 TSXV: CWC www.cwcenergyservices.com 11 11
  11. FIRSTENERGY CAPITAL CONFERENCE – CWC Energy Services Corp – slide 11
    Utilization CWC Ironhand vs. Industry CWC Ironhand achieved industry leading utilization of 75% in Q3 CWC Ironhand Utilization versus Industry 2014 vs. CAODC average of 46%. Source: CWC Ironhand Drilling, CAODC Over the last 4…
  12. FIRSTENERGY CAPITAL CONFERENCE – CWC Energy Services Corp – slide 12
    Well Services - Service Rigs Rig 144 October 2013 72 service rigs (41 singles, 27 doubles, 4 slants). 2 more slants under construction. 5th largest service rig fleet in WCSB with average age of 7 years Depths from 1,500 to 5,000…
  13. FIRSTENERGY CAPITAL CONFERENCE – CWC Energy Services Corp – slide 13
    Slant Rig 504 TSXV: CWC www.cwcenergyservices.com 14 14
  14. FIRSTENERGY CAPITAL CONFERENCE – CWC Energy Services Corp – slide 14
    Utilization CWC vs. Industry Source: First Energy Capital TSXV: CWC www.cwcenergyservices.com 15 15
  15. FIRSTENERGY CAPITAL CONFERENCE – CWC Energy Services Corp – slide 15
    Capital Expenditures Summary Sep. 30, 2014 2014 ( millions) 2013 2012 Spent Budget Maintenance/Infrastructure 8.5 14.4 2.7 3.2 Growth Organic 12.2 31.2(1) 8.7 13.2 Growth M&A 128.7 128.7 Nil Nil Total 149.4 174.3 11.4 16.4 (1)…
  16. FIRSTENERGY CAPITAL CONFERENCE – CWC Energy Services Corp – slide 16
    Financial Results & Position 2015 2014 Analyst Analyst ( millions) Consensus Consensus 2013 2012 2011 Revenue 182.4 146.6 113.3 112.3 109.5 EBITDAS1 49.6 36.6 26.2 25.0 28.5 Funds from Operations1 49.6 36.6 26.2 25.0 28.5 Net…
  17. FIRSTENERGY CAPITAL CONFERENCE – CWC Energy Services Corp – slide 17
    TTM Revenue & EBITDAS Growth Rate Revenue: 29% / yr EBITDAS: 51% / yr TSXV: CWC www.cwcenergyservices.com 18 18
  18. FIRSTENERGY CAPITAL CONFERENCE – CWC Energy Services Corp – slide 18
    US Crude Imports by Country Source: EIA and ARC Financial Corp. TSXV: CWC www.cwcenergyservices.com 19 19
  19. FIRSTENERGY CAPITAL CONFERENCE – CWC Energy Services Corp – slide 19
    Canadian Growth Profile Source: CAPP and ARC Financial Corp. TSXV: CWC www.cwcenergyservices.com 20 20
  20. FIRSTENERGY CAPITAL CONFERENCE – CWC Energy Services Corp – slide 20
    Fundamental Market Drivers Recent selloff in E&P and oilfield service stocks on concerns of lower commodity prices, potential E&P capex budget cuts and timing of Canadian LNG final investment decisions. Oil prices as measured by WTI…
  21. FIRSTENERGY CAPITAL CONFERENCE – CWC Energy Services Corp – slide 21
    Fundamental Market Drivers The Canadian/US dollar exchange ratio continues to drop significantly over the last year from 0.9369 on January 2, 2014 to its current 0.8823 on November 7, 2014 partially offsetting the drop in oil prices.…
  22. FIRSTENERGY CAPITAL CONFERENCE – CWC Energy Services Corp – slide 22
    Strategy Continue to focus growth in the Contract Drilling division in the Montney, Duvernay, Cardium and deep basins in western Canada by building more tele-double and perhaps triple drilling rigs through customer contracts. Expand…
  23. FIRSTENERGY CAPITAL CONFERENCE – CWC Energy Services Corp – slide 23
    CWC Energy Services Corp. 755, 255 5th Avenue SW Calgary, AB T2P 3G6 TSXV: CWC Phone: (403) 264-2177 Fax: (403) 264-2842 www.cwcenergyservices.com E-mail: infocwcenergyservices.com Duncan Au, CA, CFA President & Chief Executive…

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