WHO WE ARE Leading provider of innovative, engineered environmental solutions that enable customers to reduce disposal, enhance recycling and recover valuable resources from oil & gas exploration and production waste streams Newalta…
NEWALTA GEOGRAPHICALLY Network of 40-plus commercial facilities that also act as critical infrastructure support for Onsite operations Includes 3 facilities in the Bakken in North Dakota Drill site presence in Marcellus,…
NEWALTA BUSINESS DRIVERS Drilling Activities Production Activities Active Wells Wells Producing SAGD & Mining Rigs Drilled Completed Wells Projects Oilfield Services Drilling Services Facilities Heavy Oil Facilities…
OILFIELD - BUSINESS DRIVERS DRILLING SERVICES Drives Drilling Services performance, first business unit to be impacted by change in activity Active Rigs U.S. areas serviced: Bakken, Marcellus, Niobrara and Permian basins…
OILFIELD Over 35 facilities receiving 3rd party waste Imported knowledge from Heavy Oil to reduce operating footprint and developed Modular Processing Facilities 2016 Oilfield Revenue Johnsons Corner MPF (115M) Business…
OILFIELD FACILITIES Elk Point FACILITY TYPE / SERVICES WASTE STREAMS Fluid Processing Drilling Water Disposal Completions Thermal Desorption Production Landfill Sale of Recovered Oil Midstream Services 8
OILFIELD DRILLING SERVICES 2016 Drilling Services Revenue 42% Canada 58% U.S. Colorado Drill site DRILL SITE ENVIRONMENTAL Solids Control Equipment Projects Drill Cuttings Management Drilling Waste Management Services…
HEAVY OIL - BUSINESS DRIVERS CHOPS waste volumes High decline rates in CHOPS wells requires constant drilling to replace CHOPS HEAVY OIL depleting/shut-in production volumes FACILITIES Drilling of CHOPS wells is a leading…
HEAVY OIL 8 facilities receiving 3rd party waste Facility network supports onsite operations Operate on customer sites under long-term contracts SAGD Plant 2016 Heavy Oil Revenue (90M) Business Units: 45% Onsite 55%…
HEAVY OIL ONSITE Onsite operates on customers sites involved in heavy oil mining and in situ production; critical mass of waste generated at site makes onsite service more economical than offsite transportation costs. Contracts…
MARKET TAILWIND TRENDS DRILLING Increasing volumes generated per well Longer horizontals require higher quality oil, drives enhanced recovery Higher regulatory standards COMPLETIONS New technologies / PRODUCTION Producers…
INTEGRATED SERVICE MODEL 14
SOLUTION FOR ANADARKO IN DJ BASIN Drill Site At the drilling location 1 Newalta processes Anadarkos returning drilling mud to maximize the beneficial reuse of the fluids on location and minimize waste sent for disposal off site 5…
MODULAR PROCESSING SOLUTION AT ANADARKO DJ Basin in Colorado 16
2016 RESULTS Revenue of 205.4 million Contracts providing steady cash flow, 22% of 2016 revenue AEBITDA of 21.9 million Q4 was the first quarterly year-over- year improvement since the beginning of the downturn, and the third…
ACTIONS TAKEN TO STRENGTHEN BALANCE SHEET Suspended quarterly dividend Reduced annual capital spending by approximately 155 million compared to 2014 levels Amended terms of credit facility providing increased financial…
2017 OUTLOOK 2017 anticipated to return to normalized seasonality AEBITDA guidance: Q1 2017 - 8-10 million based on WTI forecast of 45-55 US/bbl Full year AEBITDA - 40-55 million based on WTI forecast of 45-60 US/bbl…
2017 AEBITDA Guidance Includes recovery of contributions lost in the Fort McMurray wildfires 45 - 60 WTI Carry over from 2016 actions 20% - 30% recovery Oil price and activity stability will drive and support…
OPERATING LEVERAGE Our view is that recovery will be driven by stability in oil and gas prices. Timing of recovery will vary among plays based on their cost profile. Established sustainable lower cost model for recovery environment…
NEWALTA OVERVIEW As at April 3, 2017 2016 Revenue* 205 million Market capitalization 204 million Enterprise value 525 million Share price 2.31 Shares outstanding* 88.1 million 52 week low-high 1.45 - 2.90 Credit facility drawn*…
OVERVIEW OF DEBT Debt capital structure comprised of senior secured and unsecured instruments with laddered maturity dates Instrument Amount Maturity Credit Facility (150 million total capacity) 73 million1 July 2019 Unsecured…
CREDIT FACILITY Total borrowing capacity 150 million at Q4 2016 77 million unused capacity Covenant package provides flexibility in current operating environment Total Debt to Covenant EBITDA waived through Q2 2019 Staged…
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