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1Q 2018 Earnings Presentation – Basic Energy Services Inc.

Basic Energy Services Inc. · May 4, 2018 · 12 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. 1Q 2018 Earnings Presentation – Basic Energy Services Inc. – slide 1
    1Q 2018 Earnings Call May 4, 2018 1
  2. 1Q 2018 Earnings Presentation – Basic Energy Services Inc. – slide 2
    Table of Contents 1Q18 Financial Recap Operational Highlights CapEx and Liquidity Completion & Remedial Services Well Services Water Logistics 1Q18 Takeaways 2Q18 Outlook Non-GAAP Reconciliation 3 3
  3. 1Q 2018 Earnings Presentation – Basic Energy Services Inc. – slide 3
    1Q 2018 Financial Recap (in millions) Three Months Ended 3/31/18 12/31/17 3/31/17 Revenue Completion & Remedial 117.6 122.0 80.4 Well Servicing 57.5 54.5 48.6 Water Logistics 56.5 55.5 50.2 Contract Drilling 3.0 3.3 2.8 234.7…
  4. 1Q 2018 Earnings Presentation – Basic Energy Services Inc. – slide 4
    1Q 2018 Operational Highlights Steady growth in Well Servicing and Water Logistics segments: Well Servicing segment revenue up 6% sequentially to 57.5 mm Water Logistics segment revenue increased 2% sequentially to 56.5 mm Total…
  5. 1Q 2018 Earnings Presentation – Basic Energy Services Inc. – slide 5
    Operational Update 1Q18 4Q17 3Q17 Well servicing rig hours 168,500 159,500 165,200 Well servicing utilization rate 76% 53% 55% Number of well servicing rigs - end of period 310 421 421 Fluid services truck hours 479,600 492,800…
  6. 1Q 2018 Earnings Presentation – Basic Energy Services Inc. – slide 6
    CapEx and Liquidity Capital expenditures (including capital leases) for 1Q18 totaled 21.3 million Maintenance/sustaining expenditures were 17.0 million Expansion projects and other totaled 3.8 million 2018 capital expenditures…
  7. 1Q 2018 Earnings Presentation – Basic Energy Services Inc. – slide 7
    Balance Sheet and Liquidity . 8
  8. 1Q 2018 Earnings Presentation – Basic Energy Services Inc. – slide 8
    Completion and Remedial Services Segment Revenue Breakdown Operational Highlights 1Q18 4Q17 3Q17 Severe weather caused customers to defer completion work Pumping 62% 62% 62% A slower start to customer projects early in the quarter…
  9. 1Q 2018 Earnings Presentation – Basic Energy Services Inc. – slide 9
    Well Services Segment Analysis Operational Highlights 1Q18 4Q17 3Q17 Rigs working with 24-hour packages increased from an average of 20 in 4Q to 21 in 1Q Rig Hours (000s) 168.5 159.5 165.2 Rental and fishing tool revenue (part of…
  10. 1Q 2018 Earnings Presentation – Basic Energy Services Inc. – slide 10
    Water Logistics Segment Analysis Operational Highlights 1Q18 4Q17 3Q17 Average revenue per truck up 4% from 4Q Trucks (Avg.) 960 967 947 Approximately 39% of SWD capacity in the Permian Basin was fed by pipeline during Rev/Truck…
  11. 1Q 2018 Earnings Presentation – Basic Energy Services Inc. – slide 11
    1Q18 Takeaways Supply chain operating at high levels of efficiency, few delays on jobs due to proppant, chemicals, cement, acid availability Pumping services seeing steady revenue climb into May despite harsh seasonality in 1Q Focus…
  12. 1Q 2018 Earnings Presentation – Basic Energy Services Inc. – slide 12
    2Q18 Outlook We expect 2Q18 revenues to increase sequentially by 7%-11% Increase expected to be driven by all segments, with higher completion and remedial services activity, particularly frac services, cement, acid, and coiled…

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