Capitalization and Trading Highlights Pre Acquisition Post Acquisition March 18, 2014 May 15, 2014 Shares outstanding 155.3 million 270.4 million Share price March 18, 2014 & May 14, 2014 0.88 1.07 Market capitalization 136.7 million…
Total Return Performance Share Share Dividend Total Return Total Return Price Price Gain Per Share % Dec. 31, 2010 0.25 n/a n/a n/a n/a Dec. 31, 2011 0.59 0.34 nil 0.34 136% Dec. 31, 2012 0.70 0.11 0.065 0.175 30% Dec. 31, 2013…
Total Return Performance 3 Years TSXV: CWC www.cwcenergyservices.com 5 5
Who Are We Directors Management Experience Jim Reid Duncan Au Chairman of CWC 24 years President and CEO Director of Ironhand Alexander Greene Ryan Michaluk 26 years Director of CWC Chief Financial Officer Wade McGowan Darwin…
What We Now Do Contract Drilling Production Services 8 Drilling Rigs 71 Service Rigs 7 Coil Tubing 6 Snubbing 10 Well Testing 2013 PRO FORMA - REVENUE 2013 PRO FORMA - EBITDAS 32% Production Services Production Services 38%…
Where We Work Across Entire WCSB From NE BC to SE Saskatchewan in all the oil and natural gas plays. TSXV: CWC www.cwcenergyservices.com 8 8
Why Did We Acquire Ironhand Combined company will be a larger, financially stronger, more diversified and competitive oilfield services company with one of the newest & most relevant fleet of drilling and well servicing assets with:…
Why Did We Acquire Ironhand Due to the stability and financial strength of the combined company, CWCs board of directors will increase the quarterly dividend to by 7.7% to 0.07 per share per annum (0.0175 per share per quarter)…
Canadian Drilling & Service Rig Market Drilling Service Mar. 2014 Rigs Rigs Total Precision Drilling 189 175 364 Ensign Energy Services 104 91 195 Nabors Industries 64 84 148 Savanna Energy Services 71 73 144 Western Energy…
Contract Drilling 8 telescopic double drilling rigs with Rig 9 under construction with expected delivery in Q4 2014. 7 of the 8 drilling rigs have top drives Depths from 3,200 to 4,500 metres Average age of 5 years Ironhands rig…
Utilization CWC Ironhand vs. Industry CWC Ironhand has the highest utilized fleet of drilling rigs in the CWC Ironhand Utilization versus Industry basin and has demonstrated Source: CWC Ironhand Drilling, CAODC superior operating…
Well Services - Service Rigs Rig 144 October 2013 71 active service rigs (41 singles, 27 doubles, 3 slants) 6th largest service rig fleet in WCSB with average age of 7 years Depths from 1,500 to 5,000 meters Completions,…
Utilization CWC vs. Industry Source: First Energy Capital TSXV: CWC www.cwcenergyservices.com 15 15
Fundamental Market Drivers A cold winter has depleted natural gas storage in North America to 10 year lows resulting in a substantial increase to NYMEX and AECO natural gas prices over the last 5 months to approximately US4.55/mmbtu…
Financial Results & Position Pro forma 2015 2014 Analyst Analyst ( millions) Consensus Consensus 2013 2012 2011 Revenue 192.5 169.4 113.3 112.3 109.5 EBITDAS1 55.5 45.4 26.2 25.0 28.5 Funds from Operations1 55.5 45.4 26.2 25.0…
TTM Revenue & EBITDAS Growth Rate Revenue: 35% / yr EBITDAS: 42% / yr TSXV: CWC www.cwcenergyservices.com 19 19
Strategy Grow the Contract Drilling division organically by building new tele-double and perhaps triple drilling rigs through customer contracts. Continue with modest organic growth of the service rig fleet. Look for the right M&A…
CWC Energy Services Corp. 755, 255 5th Avenue SW Calgary, AB T2P 3G6 TSXV: CWC Phone: (403) 264-2177 Fax: (403) 264-2842 www.cwcenergyservices.com E-mail: infocwcenergyservices.com Duncan Au, CA, CFA Ryan Michaluk, CA, CMA President &…
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