TSX:CFW CALFRAC WELL SERVICES LTD. Investor Presentation Q1 2017
Company Snapshot TSX Stock Symbol: CFW Share Price* 3.64 90-Day Average Volume* 750,000 Market Capitalization* 499 million Enterprise Value* 1.4 billion Shares Outstanding* 136.6 million Insider Ownership 25% * As at market…
Active Rig Counts: North America & International 700 2,000 Number of Active WCSB Land Rigs 1,800 600 1,600 500 1,400 Number of Rigs 400 1,200 1,000 300 800 200 600 100 400 200 0 Jan Feb Mar Apr May Jun Jul Aug Sep…
Full Service Pressure Pumping As at September 30, 2016 Canada Fleet: 410,000 Horsepower 13 Coiled Tubing Crews U.S. Fleet: 611,000 Horsepower Russia Fleet: 11 Cementing Crews 70,000 Horsepower 5 Coiled Tubing Crews 7…
Our License to Operate HSE Plan Do Assess Adjust QUALITY Monitor Refine Execute Improve TECHNOLOGY Research Develop Test Refine SUPPLY CHAIN Evaluate Negotiate Finalize Implement Calfrac employee on a Canadian hydraulic…
Canada Market Update Calfrac Market Positioning Market Trends Positioned in key areas of fracturing Stages per well increasing demand Frac spacing tightening Montney, Duvernay, Deep Basin, Cardium and Viking Operators focusing on…
United States Market Update Calfrac Market Positioning Market Trends Focus on customers that are financially Stages per well increasing strong and intend to remain active in key Frac spacing tightening plays across the U.S. Larger…
Argentina Market Update Calfrac Market Positioning Argentina Fleet: One of the largest pressure pumping 108,250 Horsepower companies in Argentina 13 Cementing Crews 6 Coiled Tubing Crews Customer expansion to IOCs and domestic…
Russia Market Update Calfrac Market Positioning Horizontal fracturing in conventional reservoirs is a significant amount of Calfracs activity Rouble devaluation has negatively impacted reported financial results Market Outlook…
NAVIGATING BEYOND THE DOWNTURN Calfrac Well Services Ltd. 11
Margin Trend Reversal Underway 2017 Source: Company Reports, Morgan Stanley Calfrac Well Services Ltd. 12
North American Pressure Pumping Supply Number of competitors decreasing through both bankruptcies and consolidation Supply of horsepower decreasing as a result of cannibalization of equipment, lack of R&M and fleet retirements…
Positioned For Recovery Experienced management team and Board of Directors Optimized cost structure and improved operational efficiencies Maintained core customer and supplier relationships Strong existing employee base and…
Service Intensity Continues To Increase 16 14 Proppant per well (MM lbs) 12 Permian 10 Eagle Ford Bakken 8 Mid-con 6 Niobrara 4 Marcellus 2 Utica 0 Source: Frac Database, Peters&Co., Rystad Energy, Morgan…
FINANCIAL HIGHLIGHTS Calfrac Well Services Ltd. 16
The Balance Sheet Term Debt US600 mm with an interest rate of 7.5% Matures in 2020 Second Lien Term Loan 200 mm with an interest rate of 9% Matures in 2020 Credit Facilities Loan facility 300 mm (largely undrawn) Matures in…
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