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2Q 2019 Earnings Presentation – Basic Energy Services Inc.

Basic Energy Services Inc. · Aug 1, 2019 · 11 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. 2Q 2019 Earnings Presentation – Basic Energy Services Inc. – slide 1
    OUR LIFES WORK IS THE LIFE OF THE WELL 2Q 2019 Earnings Call August 1, 2019
  2. 2Q 2019 Earnings Presentation – Basic Energy Services Inc. – slide 2
    Table of Contents 2Q19 Financial Recap 2Q19 Operational Highlights Operational Update CapEx and Liquidity Well Services Water Logistics Completion & Remedial Services Outlook Summary Non-GAAP Reconciliation 3
  3. 2Q 2019 Earnings Presentation – Basic Energy Services Inc. – slide 3
    2Q 2019 Financial Recap (in millions, except per share data) Three Months Ended June 30, 2019 March 31, 2019 June 30, 2018 Revenue Well Servicing 58.2 60.5 63.3 Water Logistics 51.0 55.6 59.7 Other Services 2.6 4.3 3.5 Completion…
  4. 2Q 2019 Earnings Presentation – Basic Energy Services Inc. – slide 4
    2Q 2019 Operational Highlights As anticipated for Q2, activity slowed in key businesses, but overall margins expanded Q2 direct margin grew sequentially by 160 bps to 24.6%, and Q2 Adjusted EBITDA was 16.5 million Production-focused…
  5. 2Q 2019 Earnings Presentation – Basic Energy Services Inc. – slide 5
    Operational Update 2Q19 1Q19 4Q18 Well servicing rig hours 155,200 165,000 159,600 Well servicing utilization rate (average) 70% 74% 72% Number of well servicing rigs (average) 308 310 310 Revenue per rig hour1 375 367 368 Fluid…
  6. 2Q 2019 Earnings Presentation – Basic Energy Services Inc. – slide 6
    CapEx and Liquidity Capital expenditures (including capital leases) for 2Q19 totaled 18.3 million Maintenance/sustaining expenditures and other were 11.3 million Expansion projects totaled 7.0 million Currently anticipate 2019…
  7. 2Q 2019 Earnings Presentation – Basic Energy Services Inc. – slide 7
    Well Services Operational Highlights Segment Operating Stats Rigs working with 24-hour packages averaged 19 in 2Q19 1Q19 4Q18 2Q (exiting the quarter at 21), down slightly from Q1 due to lower activity Rig Hours (000s) 155.2 165…
  8. 2Q 2019 Earnings Presentation – Basic Energy Services Inc. – slide 8
    Water Logistics Operational Highlights Segment Operating Stats Water disposal volumes for the quarter were 10.0 2Q19 1Q19 4Q18 million barrels, a company record, into our 86 Saltwater Disposal Wells (SWDs) Trucks (Avg.) 814 818…
  9. 2Q 2019 Earnings Presentation – Basic Energy Services Inc. – slide 9
    Completion and Remedial Services Operational Highlights Segment Revenue Breakdown Margin improved to 24% at 2Q19 compared to 17% 2Q19 1Q19 4Q18 at 1Q19 despite lower revenue Rental and fishing tool revenue represented 25% of Frac…
  10. 2Q 2019 Earnings Presentation – Basic Energy Services Inc. – slide 10
    Outlook Summary We expect the third quarter total revenue to be relatively flat with the second quarter Production-focused services (Well Services and Water Logistics) should see moderate sequential increase in revenue of low-single…
  11. 2Q 2019 Earnings Presentation – Basic Energy Services Inc. – slide 11
    OUR LIFES WORK IS THE LIFE OF THE WELL

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