Fit?For?Purpose Equipment High Performance Culture Comprehensive Business Model Headquartered in Calgary, STEP is a recognized, award?winning1 oilfield service company providing specialized and fully integrated coiled tubing and…
STEP Has Built and Grown the Business Through the Downturn 3 Professionals 1 Coil Spread 115,000 HP 1 Coil Spread 975 Professionals 12 Coil Spreads 297,500 HP 5 Coil Spreads ? 2012 ? 2 coil, 5 N2 from Kamber ? 2015 ? 115,000 HP…
17 Total Canadian & U.S. Coiled Tubing Spreads ? Coiled tubing has a reason to be involved with all completion methods, and has a reason to be on every well site ? NCS ? Plug and perf ? Sliding sleeve ? 12 Fit?for?purpose…
Expanding Client Base and Service Offering Building on Existing Relationships? ...And Offering New Services Revenue Growth of Retained Clients 94% 6% While Attracting New Clients Client Base Canadian Revenue Composition 100% 2013…
Proven Ability to Grow 1 Based on the most recent public disclosure. All information regarding STEP?s publicly traded Canadian peers was obtained from annual financial statements and associated management?s discussion and analysis from…
15 Actionable Organic Growth Plan to 2018 Canadian Coiled Tubing U.S. Coiled Tubing Canadian Fracturing ? Deploy one additional fracturing spread in 2017 and three fracturing spreads in 2018 to exit with 10 spreads representing…
1 As measured by fracturing horsepower of publicly traded Canadian peers. Investment Highlights ? Third?largest fracturing company in Canada1 ? Significant market share in the deep capacity coiled tubing market in Canada with a growing…
Market Outlook Industry Undersupplied for Active Completions Equipment ? Active fracturing equipment booked through 2017, clients currently booking into Q1 2018. ? Experiencing high demand of coiled tubing fleet. Pricing for…
Recent Developments ? YTD 2017 Results 1 See \"Non?IFRS Measures\". 2 An operating day is defined as any coiled tubing and fracturing work that is performed in a 24 hour period, exclusive of support equipment. 3 Represents total owned…
Coiled Tubing At A Glance STEP?s Coiled Tubing Units Are Capable of Servicing Deeper, Complex Formations ? What is coiled tubing? A coiled tube is a long steel pipe that is transported on a reel and straightened when utilized. Coiled…
? Nine in?basin field service centres ? Two lab facilities STEP at a Glance ? Integrated provider of coiled tubing and fracturing solutions with a technical focus on deeper, more challenging plays ? Blue?chip client base of…
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