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3Q 2019 Earnings Presentation – Basic Energy Services Inc.

Basic Energy Services Inc. · Oct 31, 2019 · 12 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. 3Q 2019 Earnings Presentation – Basic Energy Services Inc. – slide 1
    3Q 2019 Earnings Call October 31, 2019
  2. 3Q 2019 Earnings Presentation – Basic Energy Services Inc. – slide 2
    Table of Contents 3Q19 Financial Recap 3Q19 Operational Highlights Operational Update CapEx and Liquidity Well Servicing Water Logistics Completion & Remedial Services Outlook Summary Appendix: Non-GAAP…
  3. 3Q 2019 Earnings Presentation – Basic Energy Services Inc. – slide 3
    3Q 2019 Financial Recap (in millions, except per share data) Three Months Ended September 30, 2019 June 30, 2019 September 30, 2018 Revenue Well Servicing 57.1 58.2 64.3 Water Logistics 48.5 51.0 59.5 Other Services 2.8 2.6 6.5…
  4. 3Q 2019 Earnings Presentation – Basic Energy Services Inc. – slide 4
    3Q 2019 Operational Highlights Activity levels continued to decline through the quarter, but margins were flat Excluding the impact of a 3.9 million non-cash inventory impairment, Q3 direct margins remained stable at 25%, and Q3…
  5. 3Q 2019 Earnings Presentation – Basic Energy Services Inc. – slide 5
    Operational Update 3Q19 2Q19 1Q19 Well servicing rig hours 149,000 155,200 165,000 Well servicing utilization rate (average) 68% 70% 74% Number of well servicing rigs (average) 307 308 310 Revenue per rig hour1 383 375 367 Fluid…
  6. 3Q 2019 Earnings Presentation – Basic Energy Services Inc. – slide 6
    CapEx and Liquidity Capital expenditures (including capital leases) for 3Q19 totaled 11.6 million Maintenance/sustaining expenditures were 5.8 million Expansion projects totaled 5.8 million Anticipate 2019 capital expenditures to be…
  7. 3Q 2019 Earnings Presentation – Basic Energy Services Inc. – slide 7
    Well Servicing Operational Highlights Segment Operating Stats Rigs working with 24-hour packages averaged 19 in 3Q19 2Q19 1Q19 3Q, flat from Q2 Rig Hours (000s) 149.0 155.2 165 Rig hours down 4% with steady utilization at 68% Rig…
  8. 3Q 2019 Earnings Presentation – Basic Energy Services Inc. – slide 8
    Water Logistics Operational Highlights Segment Operating Stats Water disposal volumes for the quarter were 10.8 3Q19 2Q19 1Q19 million barrels, a company record, into our Saltwater Disposal Wells (SWDs) at Agua Libre Midstream Trucks…
  9. 3Q 2019 Earnings Presentation – Basic Energy Services Inc. – slide 9
    Completion & Remedial Services Operational Highlights Segment Revenue Breakdown Margins were 23.1% for 3Q19 compared to 23.6% for 3Q19 2Q19 1Q19 2Q19 despite 10% lower revenue Rental and fishing tool revenue represented 26% of Frac…
  10. 3Q 2019 Earnings Presentation – Basic Energy Services Inc. – slide 10
    Outlook Summary We expect typical seasonality in the fourth quarter, potentially exacerbated by budget exhaustion of upstream customers Well Servicing should see a moderate sequential decrease in revenue of low-single digits during…
  11. 3Q 2019 Earnings Presentation – Basic Energy Services Inc. – slide 11
    Appendix
  12. 3Q 2019 Earnings Presentation – Basic Energy Services Inc. – slide 12
    OUR LIFES WORK IS THE LIFE OF THE WELLTM

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