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January 2017 Company Presentation – Savanna Energy Services Corp.

Savanna Energy Services Corp. · Jan 9, 2017 · 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. January 2017 Company Presentation – Savanna Energy Services Corp. – slide 1
    Savanna Energy Services Corp. January 2017 TSX: SVY 1
  2. January 2017 Company Presentation – Savanna Energy Services Corp. – slide 2
    Corporate Overview TSX: SVY Common Shares Outstanding(1) 118.2 million Common Share Trading Price(1) 2.12 52-week Trading Range(1) 0.97-2.18 Market Capitalization(1) 247.1 million Property and Equipment(2) 703.7 million…
  3. January 2017 Company Presentation – Savanna Energy Services Corp. – slide 3
    Corporate Overview Fleet Profile: DIVISION COUNTRY EQUIPMENT Drilling Canada 68 Rigs USA 28 Rigs Australia 5 Rigs Well Servicing Canada 57 Rigs USA 18 Rigs Australia 12 Rigs Rentals CA/USA/AUS 3,000+ pieces 4
  4. January 2017 Company Presentation – Savanna Energy Services Corp. – slide 4
    Diversification Benefits 2016 YTD Revenue Distribution (1) Multiple countries Multiple business lines drilling, well servicing & rentals Multiple equipment types (1) Based on financials at September 30, 2016 5
  5. January 2017 Company Presentation – Savanna Energy Services Corp. – slide 5
    Fleet Upgrades Deeper North American Drilling Rig Fleet 2016 12, 12% 16, 17% 68, 71% 3800m…
  6. January 2017 Company Presentation – Savanna Energy Services Corp. – slide 6
    Fleet Upgrades Australia Built for Purpose Rigs Shallow rigs with the latest technology in a niche market Coal seam gas feeding six LNG trains under 20 year contracts Fast moving coil tubing drilling rigs High-specification service…
  7. January 2017 Company Presentation – Savanna Energy Services Corp. – slide 7
    2016 Cap-X Savanna primarily invested capital in 2016 to put rigs back to work in the Permian Basin New, local management team in Odessa Texas Seven stacked rigs refurbished Average cost 750k (USD) per rig Combination of daywork…
  8. January 2017 Company Presentation – Savanna Energy Services Corp. – slide 8
    Lean and Built to Stay That Way Reduction in total debt to 218 million proforma* as of September 30, 2016 (reduction from 351 million at the end of 2014) Annualized field office and G&A costs (excl. severance) reduced by over 70…
  9. January 2017 Company Presentation – Savanna Energy Services Corp. – slide 9
    Recapitalized Balance Sheet AIMCO Financing: Five year, 200 million second lien senior secured term loan 13 million common shares of Savanna at 1.45 and 7 million warrants at 2.50 Bought Deal Financing: 14.95 million common shares…
  10. January 2017 Company Presentation – Savanna Energy Services Corp. – slide 10
    Total Debt Proforma* Balance Sheet Proforma* Drawn Drawn Drawn Drawn (millions) Authorized Sep 30/16 Dec 31/15 Dec 31/14 Sep 30/16 Senior Notes, due 107 107 170 175 175 May/18 Revolving Credit 150 0 78 98 161 Facilities 2nd…
  11. January 2017 Company Presentation – Savanna Energy Services Corp. – slide 11
    Competitor Comparison EV / EBITDA YoY Change Debt / EBITDA 2015 2016E(1) 2017E(1) 2015 2016E(1) 2017E(1) WRG 7.4 77.5 16.1 WRG 4.7 43.6 9.1 PD 6.7 17.0 12.6 PD 4.4 8.7 6.4 ESI 5.1 11.9 9.8 TDG 4.4 4.1 3.4 TDG 6.4 9.4 8.2 ESI…
  12. January 2017 Company Presentation – Savanna Energy Services Corp. – slide 12
    Financial Highlights Financial Highlights (000s) Nine months ended Sept 30 2016 2015 Change OPERATING RESULTS Revenue 219,705 345,290 (36%) Operating margin 59,161 113,159 (48%) Operating margin % 27% 33% Adjusted EBITDAS…
  13. January 2017 Company Presentation – Savanna Energy Services Corp. – slide 13
    Total Energy Services Offer AIMCO / balance sheet recap not defensive Deal was underway before Total approached Savannas board recommending that shareholders reject Totals offer No premium Little overlap between business lines…
  14. January 2017 Company Presentation – Savanna Energy Services Corp. – slide 14
    Next Steps Soft lockups by large shareholders indicate strong interest in consolidation Following Totals offer, several other companies have expressed interest in Savanna Savanna intends to conduct a formal process to explore…
  15. January 2017 Company Presentation – Savanna Energy Services Corp. – slide 15
    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 16

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