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Management Presentation – Cj Energy Llc

Cj Energy Llc · May 13, 2019 · 42 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. Management Presentation – Cj Energy Llc – slide 1
  2. Management Presentation – Cj Energy Llc – slide 2
  3. Management Presentation – Cj Energy Llc – slide 3
    This presentation contains certain statements and information that may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of…
  4. Management Presentation – Cj Energy Llc – slide 4
  5. Management Presentation – Cj Energy Llc – slide 5
  6. Management Presentation – Cj Energy Llc – slide 6
    Unwavering Focus on Quality 1Q19 Revenue: 511MM Committed to Safety and Quality Management and Safety Record Fluids Management New Well Specialized Completions, Well 7% Focused Services Rig Services Construction & Intervention…
  7. Management Presentation – Cj Energy Llc – slide 7
    Operating Footprint 1Q19 Revenue by Basin 6% 13% 42% 12% 9% 18% West Texas South Texas / East Texas Purposely focused on U.S. onshore market and well positioned for future activity growth Rockies / Bakken…
  8. Management Presentation – Cj Energy Llc – slide 8
    Objectives Strategies Results Safe, high-quality and reliable service that focuses on Price Structure reducing customer total well cost Competitive Reflects Value We Provide Built-for-purpose, well-maintained quality equipment…
  9. Management Presentation – Cj Energy Llc – slide 9
    Operating segments compete for capital based on returns Balanced Capital Capital deployed with clear visibility on revenue generation Expenditures Flexibility to divert or suspend in changing markets Continuous drive to improve our…
  10. Management Presentation – Cj Energy Llc – slide 10
    Why Customers Choose C&J Diverse Customer Base No Individual Exposure Greater than 10% of 2018 Revenues Reputation for Safety and Service Quality High Quality Assets and Execution Service Line and Geographic Diversity…
  11. Management Presentation – Cj Energy Llc – slide 11
  12. Management Presentation – Cj Energy Llc – slide 12
  13. Management Presentation – Cj Energy Llc – slide 13
    1Q19 Market Conditions Consolidated Revenue Revenue decreased y-o-y but increased 4% sequentially; Adj. ( in MM) EBITDA decreased both y-o-y and sequentially 611 Results negatively affected by inclement weather and lower 568…
  14. Management Presentation – Cj Energy Llc – slide 14
    ( in MM) Segment revenue decreased 13% year-over-year, 413 but increased 12% sequentially to 327MM 374 373 Segment Adjusted EBITDA decreased 33% year- over-year, but increased 23% sequentially to 54MM 327 293 Fracturing revenue…
  15. Management Presentation – Cj Energy Llc – slide 15
    ( in MM) Focused on efficient, committed customers who appreciate the value we provide 289 269 252 236 Best-in-class execution and technology-enhanced efficiencies attract blue-chip customers 193 Expecting a 30% reduction of…
  16. Management Presentation – Cj Energy Llc – slide 16
    Leading The 1 service provider and market leader(1) Position Introduced advance pressure control and greaseless cable systems Scalable Established in most U.S. basins Footprint Large and diversified group of customers, provided…
  17. Management Presentation – Cj Energy Llc – slide 17
    ( in MM) Segment revenue and Adjusted EBITDA decreased both year-over-year and sequentially Cementing revenue decreased 12% year-over-year 99 96 94 and 15% sequentially 87 Cementing business was negatively affected by: 79 o…
  18. Management Presentation – Cj Energy Llc – slide 18
    Market 4th largest provider of cementing services in Position U.S. land with purchase of O-Tex(1) A market leader in high spec coiled tubing(1) Scalable 2nd largest cementer in the Permian Basin(1) Footprint Added two newbuild 2 coil…
  19. Management Presentation – Cj Energy Llc – slide 19
    Segment revenue increased 14% year-over-year to ( in MM) 105MM and was essentially flat sequentially Segment Adjusted EBITDA increased 25% year-over- 99 104 105 year, but decreased 47% sequentially to 7MM 99 91 Segment…
  20. Management Presentation – Cj Energy Llc – slide 20
    Market A top well services company in the U.S. Position with a proven brand name(1) Top 10 customers are majors and large independents recurring and stable Diversified Strong operating presence in California, Footprint & Rockies,…
  21. Management Presentation – Cj Energy Llc – slide 21
    R&T and Operations Collaborate to Improve Equipment While Increasing Safety and Reducing the Reliability and Reduce Operating Costs Environmental Impact of Our Operations NPT tracking drives Root Cause Analysis by Operations and…
  22. Management Presentation – Cj Energy Llc – slide 22
    Research and Technology Innovation Drives Leadership in Plug and Perf Operation Significant Savings Delivered in 2018 Lowest cost of consumables in the industry for guns and switches Advanced pressure control increases efficiency and…
  23. Management Presentation – Cj Energy Llc – slide 23
    SG&A Expense D&A Expense ( in MM) ( in MM) 61 63 60 66 54 60 46 50 54 50 1Q'18 2Q'18 3Q'18 4Q'18 1Q'19 1Q'18 2Q'18 3Q'18 4Q'18 1Q'19 1Q19 Highlights 2Q19 Cost Guidance SG&A expense decreased 19% year-over-year but…
  24. Management Presentation – Cj Energy Llc – slide 24
    No Leverage and Ample Liquidity 2019 Capital Budget & Highlights ( in MM) Cash ABL Availability Corporate, Facilities, R&T and Other 466 13% 393 371 364 17% Growth 356 317 235 275 70% Maintenance 110 136 76 89 6/30/2018…
  25. Management Presentation – Cj Energy Llc – slide 25
    2Q19 Outlook 2019 Thoughts Expecting consolidated revenue to increase mid to high Current 2019 budget calls for 695,000 HHP deployed single digits sequentially and profitability to improve mostly throughout the year at improving…
  26. Management Presentation – Cj Energy Llc – slide 26
  27. Management Presentation – Cj Energy Llc – slide 27
  28. Management Presentation – Cj Energy Llc – slide 28
    MM; unless otherwise stated Full Year 1Q'18 2Q'18 3Q'18 4Q'18 2018 1Q'19 Revenue Completion Services 374 413 373 293 1,454 327 Well Construction & Intervention Services 88 99 96 94 376 79 Well Support Services 91 99 99 104 393 105…
  29. Management Presentation – Cj Energy Llc – slide 29
    C&J ENERGY SERVICES INC. AND SUBSIDIARIES RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED NET INCOME (LOSS) TO ADJUSTED EBITDA (In thousands, except share data) (Unaudited) Three Months Ended March 31, 2019 December 31, 2018…
  30. Management Presentation – Cj Energy Llc – slide 30
    C&J ENERGY SERVICES, INC. AND SUBSIDIARIES RECONCILIATION OF NET DECREASE IN CASH AND CASH EQUIVALENTS TO FREE CASH FLOW USAGE (In thousands) (Unaudited) Three Months Ended March 31, 2019 Net decrease in cash and cash equivalents…
  31. Management Presentation – Cj Energy Llc – slide 31
    C&J ENERGY SERVICES, INC. AND SUBSIDIARIES RECONCILIATION OF FRACTURING NET INCOME (LOSS) TO FRACTURING ADJUSTED EBITDA (In thousands, except average active fleet data) (Unaudited) Three Months Ended March 31, 2019 December 31,…
  32. Management Presentation – Cj Energy Llc – slide 32
    Fracturing Stages Wireline Runs 16,203 15,849 4,823 4,872 5,100 14,704 4,652 4,197 13,132 12,628 1Q'18 2Q'18 3Q'18 4Q'18 1Q'19 1Q'18 2Q'18 3Q'18 4Q'18 1Q'19 Coiled Tubing Jobs Cementing Jobs 810 843 721 2,503 721 2,357…
  33. Management Presentation – Cj Energy Llc – slide 33
    U.S. Rig Hours U.S. Truck Hours 336,261 337,306 96,208 95,149 310,445 93,911 307,002 305,546 92,428 92,956 1Q'18 2Q'18 3Q'18 4Q'18 1Q'19 1Q'18 2Q'18 3Q'18 4Q'18 1Q'19
  34. Management Presentation – Cj Energy Llc – slide 34
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  36. Management Presentation – Cj Energy Llc – slide 36
  37. Management Presentation – Cj Energy Llc – slide 37
    RigLock Wellhead Lone Monitor Program. Acts Taking care of our people like an observer for our people OSHA Voluntary Protection Connections(1). Enables our Program (VPP). Five of the and supporting their health when working alone and…
  38. Management Presentation – Cj Energy Llc – slide 38
    Board commitment to ensuring Robust corporate governance Priority veteran recruitment director and work force diversity practices Community Impact Program Employee engagement and Speak-Up and Core Values enables community/charitable…
  39. Management Presentation – Cj Energy Llc – slide 39
    Hibernate Warm-Start System turns off frac Curbing waste generation and working to pump engines between stages, resulting in reduce, re-use and recycle reduced fuel consumption, improved air quality and less noise which leads to…
  40. Management Presentation – Cj Energy Llc – slide 40
  41. Management Presentation – Cj Energy Llc – slide 41
  42. Management Presentation – Cj Energy Llc – slide 42

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