Tidewater Summary Track Record of Success Previous two companies generated 20x returns for shareholders (Predator Midstream Ltd. and Predator Oil Ltd.) High Growth, Pure Play NGL Infrastructure Business Pursuing Canadian natural gas…
Tidewater Is A High Growth Midstream Company NGL Connectivity Strategy Own key NGL/gas infrastructure and Opportunities to acquire top-tier Acquire Strategic gas plants with proximity to multiple midstream assets in strategic…
... That Currently Provides a Low-Risk Attractive Investment Opportunity Attractive Investment Opportunity 15 MM cash balance at closing of 69 MM financing1; 120 million dollar credit Very Conservative Maintaining a low-risk and…
Tidewater Facilities and Connectivity 6
Overview of Deep Basin Assets Brazeau River Complex continues to be Tidewaters core asset where Tidewaters core areas continue to see significant offsetting activity Deep Basin Processing Facilities & Pipelines Tidewater recently…
Overview of Edmonton Assets After Acheson acquisition, Tidewater has over 500 km of key pipeline and valuable rights of ways at Edmonton, 600 acres of heavy industrial land at Edmonton Processing Facilities & Pipelines Edmonton/Fort…
Overview of Montney Assets Tidewater continues to receive interest to expand its natural gas processing, NGL Marketing and various egress options at its core Montney area Montney Processing Facilities & Pipelines Tidewater has…
Tidewater has a Solid Infrastructure Business With a Strengthening Customer Base 60% of EBITDA backed by take or pay contracts, long term agreements and/or reserve dedications with 50 customers Interest from several new investment…
Positioned for Organic Growth Outperformance Balance sheet is well positioned to execute on un-risked organic growth opportunities Potential to add significant shareholder value over the next 2 years While maintaining a low risk…
Tidewater Q4 2016-2017 Capital Budget Review Up to an additional 80-150 MM to be spent over the next 18-24 months generating similar returns Tidewater Capital Projects Project Capital EBITDA Description Acquisition of sour gas…
Tidewater Corporate Profile Stock Symbol TSXV: TWM Common Shares Outstanding 328 million Insider Ownership (Fully Diluted) 5.0% Market Capitalization1 526 million Cash Balance2 15 million Enterprise Value 511 million Total…
Tidewater Midstream Trading Comparables Tidewaters EV/EBITDA multiple of 8.2x trades at a large discount to its peer mean of 14.3x EV/EBITDA Tidewater Midstream Trading Comparables 17E / 16E Payout Net Debt / Share Market…