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September 2016 Company Presentation – Savanna Energy Services Corp.

Savanna Energy Services Corp. · Sep 30, 2016 · 19 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. September 2016 Company Presentation – Savanna Energy Services Corp. – slide 1
    Savanna Energy Services Corp. September 2016 TSX: SVY 1
  2. September 2016 Company Presentation – Savanna Energy Services Corp. – slide 2
    Corporate Overview TSX: SVY Common Shares Outstanding(1) 90.3 million Equipment Fleet: Common Share Trading Price(1) 1.42 52-week Trading Range(1) 0.97-1.98 DIVISION COUNTRY EQUIPMENT Market Capitalization(1) 128.2 million…
  3. September 2016 Company Presentation – Savanna Energy Services Corp. – slide 3
    2015/16 Structural Changes & Initiatives Organizational structure flattened Consolidated operating locations / sold real estate All proceeds from divested real estate have been used to reduce debt (32 million or 116% of book value)…
  4. September 2016 Company Presentation – Savanna Energy Services Corp. – slide 4
    Progress on 2016 Key Initiatives Reduction in total debt, net of cash to 247 million as of August 3, 2016 (reduction from 345 million at the end of 2014) Reduction of the total available senior secured revolving credit facility from…
  5. September 2016 Company Presentation – Savanna Energy Services Corp. – slide 5
    Defense to Offense Savanna is deploying capital to put stacked rigs back to work in the Permian Basin Our new management team in Odessa has put three of these rigs back to work in August The work has been a combination of daywork…
  6. September 2016 Company Presentation – Savanna Energy Services Corp. – slide 6
    Operational Analysis SVY Average Active/Contracted Rig Count Division Q1-2016 Q2-2016 August 2016 Drilling USA 3.1 3.5 5.0 Drilling Canada 13.7 4.2 16.0 Drilling Australia 3.5 2.0 2.0 Well Servicing USA 7.2 6.7 8.3 Well Servicing…
  7. September 2016 Company Presentation – Savanna Energy Services Corp. – slide 7
    Diversification Benefits 2016 YTD Revenue Distribution (1) 45% 34% Multiple countries Canada US Multiple business lines drilling, 21% well servicing & rentals Australia Multiple equipment types 6% 43% 51% Drilling Servicing…
  8. September 2016 Company Presentation – Savanna Energy Services Corp. – slide 8
    Health, Safety & Environment Total Recordable Incident Frequency (TRIF) Rolling 12-month TRIF 3.0 2.5 2.0 1.5 1.0 0.5 0.0 9
  9. September 2016 Company Presentation – Savanna Energy Services Corp. – slide 9
    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…
  10. September 2016 Company Presentation – Savanna Energy Services Corp. – slide 10
    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…
  11. September 2016 Company Presentation – Savanna Energy Services Corp. – slide 11
    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…
  12. September 2016 Company Presentation – Savanna Energy Services Corp. – slide 12
    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…
  13. September 2016 Company Presentation – Savanna Energy Services Corp. – slide 13
    2016 Capital Program Savannas 2016 capital spend will be limited to maintenance capital and system upgrades not expected to exceed 15 million. Actual expenditures will be dependent on 2016 activity levels. Capex Program (…
  14. September 2016 Company Presentation – Savanna Energy Services Corp. – slide 14
    Financial Highlights Financial Highlights (000s) Three months ended June 30 2016 2015 Change OPERATING RESULTS Revenue 54,905 92,727 (41%) Operating margin 14,429 33,991 (58%) Operating margin % 26% 37% Adjusted EBITDAS (adjusted…
  15. September 2016 Company Presentation – Savanna Energy Services Corp. – slide 15
    Financial Highlights Financial Highlights (000s) Six months ended June 30 2016 2015 Change OPERATING RESULTS Revenue 148,642 247,279 (40%) Operating margin 42,483 80,134 (47%) Operating margin % 29% 32% Adjusted EBITDAS (adjusted…
  16. September 2016 Company Presentation – Savanna Energy Services Corp. – slide 16
    Total Debt Balance Sheet Drawn Drawn Drawn Authorized (millions) Jun 31/16 Dec 31/15 Dec 31/14 Senior Notes, due 175 175 175 175 May 2018 Revolving Credit 150 83 98 161 Facilities Partnership & Other 18 7 8 14 Financing…
  17. September 2016 Company Presentation – Savanna Energy Services Corp. – slide 17
    Debt to EBITDA Covenant Savannas Total Funded Debt to twelve-month trailing EBITDA ratio moved from 2.54:1 at December 31, 2015 to 3.45:1 as of June 30, 2016. The covenant ratios for 2016 and 2017 are as follows: For the quarter ending…
  18. September 2016 Company Presentation – Savanna Energy Services Corp. – slide 18
    Competitor Comparison EV / EBITDA YoY Change - Debt / EBITDA 12-16 15/16 2014 2015 2016E(1) 2014 2015 2016E(1) Avg. Change WRG 3.8 7.4 39.0 12.5 WRG 1.5 4.7 23.4 397% PD 4.3 6.7 13.4 7.2 PD 2.3 4.4 8.6 94% ESI 4.2 5.1 10.4 6.2…
  19. September 2016 Company Presentation – Savanna Energy Services Corp. – slide 19
    SAVANNA ENERGY SERVICES CORP. Suite 800, 311-6th Avenue S.W. Calgary, Alberta, Canada T2P 3H2 Telephone: 1-403-503-9990 Facsimile: 1-403-503-0654 www.savannaenergy.com infosavannaenergy.com TSX: SVY 20

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