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CORPORATE PRESENTATION – Ensign Energy Services Inc.

Ensign Energy Services Inc. · Sep 1, 2014 · 23 slides

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Slides

  1. CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 1
    Corporate Presentation September 2014
  2. CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 2
    Current Operations Revenue Geographic Segmentation 2Q14 27% 30% Canada United States 43% International Canada United States Kurdistan 90% Drilling & Rig Services Libya Completion & Oman 10% Production Services Venezuela…
  3. CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 3
    Expanding US Footprint 22% CAGR 1,000,000 900,000 800,000 Revenue (000s) 700,000 600,000 500,000 400,000 300,000 200,000 100,000 - 2009 2010 2011 2012 2013
  4. CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 4
    Expanded Intl Footprint 600,000 16% CAGR 500,000 Largest Drilling Contractor in 400,000 Australia Solid Footprint 300,000 in Oman 200,000 Established in Kurdistan 100,000 - 2009 2010 2011 2012 2013
  5. CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 5
    Drilling & Rig Services North America 214 111 103 Drilling Rigs Horn River 79 Montney Oil Sands 31 48 Cardium Bakken Directional Drilling Kits Utica 26 San Jonah 26 Joaquin Niobrara Basin Piceance Marcellus…
  6. CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 6
    Drilling & Rig Services - International 59 Substantial & Growing International Presence Drilling Rigs MENA Drill rigs 15 VENEZUELA Drill rigs 7 Workover rigs 1 NEW ZEALAND AUSTRALIA Drill rigs 22 Drill rigs 1 Workover…
  7. CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 7
    Completion & Production Services 136 Service Rigs 45 Horn River 91 Montney Oil Sands Cardium Bakken Utica San Jonah Niobrara 96 Joaquin Piceance Granite Marcellus Frac Flow Units Basin Wash Woodford Monterey Barnett…
  8. CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 8
    How has the cost split of drilling a well changed in the last 20 years 20 years ago Today Other Drill Rig Low Complexity High Complexity Vertical Wellbores Horizontal Wellbores Other Directional Drilling Site Preparation…
  9. CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 9
    Trends - Directional Drillers on almost all rigs Ensign DD Kits on Ensign Rigs Ensigns Fleet Directional and horizontal 80% Vertical 100 Ensign Directional Drilling Services Growth 90 70% 80 Kits (Ensign) 70 60% 60 50%…
  10. CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 10
    Trends AC Rigs continue to gain market share 900 AC Drive Rigs SCR Rigs Mechanical Rigs 800 700 600 500 400 300 2Q11 1Q12 1Q13 1Q14 Note: The above estimates corresponding to rig activity for rigs 600 HP are derived from…
  11. CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 11
    Ensigns Continuous New Build Program Deliver 34 newbuild ADRs by end 2015 24 ADR-1500S 10 ADR-850 Flexibility to increase our production cadence Balance sheet flexibility to fund into the future This approach has allowed us to…
  12. CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 12
    Ensign continues to expand technical innovation 300 YOY Growth of ADR Fleet High Utilization on ADR Fleet ADR 150 0
  13. CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 13
    Ability to innovate & apply technology Drillers Cabin Self Moving Pad Rigs Speciality Rigs Off-line Stand Building ADR Controls Intelligence BOP Handling and Natural Gas Off-line Test Systems
  14. CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 14
    Safety Awareness 10 25 9.09 M Manhours LTI Freq TRI Freq 9 8 20 7.09 7.13 Injury Frequency (200,000 man hours) 7 6 5.57 15 Man Hours 5 4.65 4.00 4 10 3.21 3.11 3 2.45 2.21 2.13 2 1.67 5 1.46 1.36 1.23 1.14…
  15. CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 15
    Dividends per Common Share 0.50 0.45 16% Compound Annual Growth Rate 0.40 0.35 0.30 0.25 2009 0.3425 per share 0.20 2010 0.3575 per share 0.15 2011 0.3900 per share 0.10 2012 0.4250 per share 0.05 2013 0.4475 per share 0.00
  16. CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 16
    Debt to Equity millions, December 31 2,500 Debt LT (Excludes revolving operating facility) Equity 2,000 1,500 1,000 500 0 2009 2010 2011 2012 2013 1 Not restated for IFRS
  17. CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 17
    Revenue millions, 12 months ended December 31 2,500 2,000 1,500 1,000 500 0 2009 2010 2011 2012 2013 2014e 1 Not restated for IFRS 2 Estimate based on range of analysts forecasts
  18. CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 18
    Investing in the Business Newbuild and Acquisitions 1,400,000,000 Maintenance Capex New Rigs 1,200,000,000 1,000,000,000 800,000,000 600,000,000 400,000,000 200,000,000 - 2008 2009 2010 2011 2012 2013
  19. CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 19
    Financial Metrics 15 ROE millions, 12 months ended December 31 10 5 700 0 2009 2010 2011 2012 2013 2014e 600 EBITDA (adjusted) 500 Income 400 300 200 100 0 2009 2010 2011 2012 2013 2014e EPS per share 0.82…
  20. CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 20
    Financial Summary millions, three and six months ended June 30 2nd Quarter Q2 YTD % % 2014 2013 change 2014 2013 change Revenue 511.6 437.9 17 1,135.8 1,019.0 11 Adjusted EBITDA 97.1 85.7 13 257.2 250.1 3 Income 15.2 3.3 364…
  21. CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 21
    Future Growth Strategy Taking a Bigger Piece of the Pie Expand ADR fleet worldwide Rig Expand integrated rig directional drilling value proposition Expand market presence in every Non-Rig Costs current market Dove-tail…
  22. CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 22
    High Quality Fleet - Designed by Ensign, for Ensign 2000 HP 1500 HP 1000 HP 850 HP
  23. CORPORATE PRESENTATION – Ensign Energy Services Inc. – slide 23
    ensignenergy.com Thank You

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