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Investor Update – NCS Multistage

NCS Multistage · Nov 7, 2018 · 21 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. Investor Update – NCS Multistage – slide 1
    Investor Update November 2018
  2. Investor Update – NCS Multistage – slide 2
    Company and Technology Overview
  3. Investor Update – NCS Multistage – slide 3
    Company Overview Leave nothing behind. Proven record of successfully introducing new technologies that drive completion and Innovation life-of-well optimization Differentiated technology platform supported by patent protection and…
  4. Investor Update – NCS Multistage – slide 4
    Fracturing Systems Pinpoint Stimulation Leave nothing behind. Pinpoint stimulation enables more predictable, repeatable, and verifiable completions that maximize reservoir connectivity, as compared to other completion methods Other…
  5. Investor Update – NCS Multistage – slide 5
    Fracturing Systems Pinpoint Stimulation Leave nothing behind. Casing-Installed Frac Sleeve (open) Frac ports Outer barrel Sliding inner barrel Downhole Frac-Isolation Assembly on Coiled Tubing Multi-set Sleeve Gauges bridge…
  6. Investor Update – NCS Multistage – slide 6
    Tracer Diagnostics Leave nothing behind. Leading provider of chemical and radioactive tracers for well diagnostics and reservoir characterization Cost-effective and reliable service utilized by E&P companies to optimize completion…
  7. Investor Update – NCS Multistage – slide 7
    How Customers Utilize Tracers Leave nothing behind. Our customers utilize our services to: Evaluate well spacing projects, including horizontal spacing and vertical spacing in formations with stacked pay characteristics Provide…
  8. Investor Update – NCS Multistage – slide 8
    Well Construction Leave nothing behind. Complementary technologies to support casing and liner installation and for initial formation access AirLock casing buoyancy system Liner hangers Pressure activated toe sleeves 9…
  9. Investor Update – NCS Multistage – slide 9
    Repeat Precision Joint Venture Leave nothing behind. Supply chain partner for NCS Commercialized Purple Seal composite frac plug in 2017 4.5, 5.5 and 6.0 specifications All composite, hybrid and dual-cast designs Purple Seal…
  10. Investor Update – NCS Multistage – slide 10
    Growth and Financial Execution
  11. Investor Update – NCS Multistage – slide 11
    3Q 2018 Results Leave nothing behind. 3Q 2018 Results Revenue of 62.7 mm, up 12% year-over-year 11% quarter-over-quarter product sales revenue growth in the U.S. Highest level of quarterly international revenue in NCSs history…
  12. Investor Update – NCS Multistage – slide 12
    Frame Agreement with Aker BP Leave nothing behind. Five-year frame agreement for well-stimulation services on Norwegian Continental Shelf Follows successful completion utilizing NCS technology on a well in Aker BPs Valhall…
  13. Investor Update – NCS Multistage – slide 13
    Revenue Profile Leave nothing behind. Higher revenue contributions from U.S. and international balancing geographic mix over time Revenue Contribution LTM September 30, 2018 By Geography Product and Service Mix International…
  14. Investor Update – NCS Multistage – slide 14
    High Margins with Free Cash Flow Leave nothing behind. Financial and operating model minimizes capital investment and maximizes free cash flow Revenue (MM) Gross Profit (MM) and % Margin 300 100% 90% 220.0 250 201.6 80% 176.8…
  15. Investor Update – NCS Multistage – slide 15
    Attractive Financial Profile vs. Public Peers Leave nothing behind. Average Adjusted EBITDA Margin (20132017)* Peer Average = 20% 32% 29% 27% 19% 15% 15% 15% NCSM CLB SBO OIS FET CEU HTG Average Net CapEx as % of…
  16. Investor Update – NCS Multistage – slide 16
    Technology Driving Free Cash Flow Leave nothing behind. Proven record of successfully introducing new technologies that drive completion and Innovation life-of-well optimization Differentiated technology platform supported by…
  17. Investor Update – NCS Multistage – slide 17
    Appendix
  18. Investor Update – NCS Multistage – slide 18
    Everything starts with The Promise Leave nothing behind. We will invest in our employees, our most important resource, by providing coaching and training that enables them to learn and grow to their full potential. Together, we will…
  19. Investor Update – NCS Multistage – slide 19
    Completion Cost Comparison Leave nothing behind. Pinpoint completions can be cost-neutral to, or less expensive than, plug-and-perf Cost Impacts vs Plug-and-Perf NCS Sleeves and Service ++ Coiled Tubing + Coil used during fracturing…
  20. Investor Update – NCS Multistage – slide 20
    Adjusted EBITDA Reconciliation Leave nothing behind. Year Ended December 31, Three Months Ended September 30, Nine Months Ended September 30, ( in millions) 2013 2014 2015 2016 2017 2017 2018 2017 2018 Net Income (Loss) 8.0 7.6 28.0…
  21. Investor Update – NCS Multistage – slide 21
    Free Cash Flow Reconciliation Leave nothing behind. Year Ended December 31, ( in millions) 2013 2014 2015 2016 2017 Net Cash Provided by Operating Activities 16.3 51.5 4.4 10.7 16.1 Purchases of Property & Equipment (3.2) (12.8)…

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