Calfrac Well Services Corporate Presentation March 2019
Global Operations Canada Fleets HHP Field Pers. YE2016 4 206,000 750 YE2018 7 306,000 1,200 US Fleets HHP Field Pers. YE2016 5 252,000 460 YE2018 17 879,000 1,200 International HHP Field Pers. YE2016 192,000 1,400 TTM…
Corporate Outlook US operations likely to ramp up into H2 Northern operations (ND, PA, W CO) starting well in 2019 Cold weather in February impacted utilization in ND and PA Expect Texas to accelerate in H2 ahead of Permian takeaway…
North American Rig Count Steady 2,000 500 Number of Active WCSB Land Rigs 1,800 450 1,600 400 1,400 350 Number of Rigs 1,200 300 1,000 250 800 200 600 150 400 100 200 50 0 0 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16…
Commercial A Catalyst for Success Logistical expertise continues to deliver benefits Reduced down time waiting on sand Ability to take advantage of discounted sand pricing to lock in profit Can strategically support clients with sand…
Refinancing Transaction Summary Issued new long-term unsecured notes US650 million, 8.5%, due 2026, no major change to covenant package Includes provision for 10% redemption at 108.5 with asset sale proceeds through 2019 Completed…
Balance Sheet Strategy Unchanged 2018/19 Optimize asset base, generate FCF Shift focus from reactivation to optimization of operating and financial performance Expect very low working capital funding needs beyond Q3/18 Business…
Strategic Drivers Customers People QHSE Efficiency Technology Financial License To Operate Consistently attract and Foster an environment Consistently exceed customer needs by operating with no injuries and zero non- Consistently…