STEP ENERGY SERVICES OVERVIEW Q3 2019 Equipment Fleet1 490,000 HP2 29 Spreads Overview Fully integrated coiled tubing, hydraulic fracturing and 192,500 HP 13 Spreads wireline solutions provider in North America Concentrated in…
AREAS OF EXECUTION Canada Pressure Pumping / Coiled Tubing Markets U.S. Pressure Pumping / Coiled Tubing Markets Bakken Shale NORTH DAKOTA BRITISH COLUMBIA ALBERTA SASKATCHEWAN Montney KANSAS Anadarko Basin OKLAHOMA…
UNCERTAIN AND CHALLENGING MARKETS U.S. Land Rig Count2 Uncertain and Challenging Markets 1,100 1,050 Average: 1,050 rigs 1,000 Number of Rigs Reduced North American rig counts in 2019 950 900 Average: 797 rigs Clients…
STEP ENERGY SERVICES STRATEGY EXECUTION Navigating Through Challenging Markets Differentiated Field and Business Execution Efficiency and Performance Through Advanced and Drive Client Loyalty Digital Technology Disciplined Asset…
ADVANCED & DIGITAL TECHNOLOGY Resourcing and Delivering Technology Solutions STEP-conneCT Dedicated resources and highly involved executive sponsors focused on innovation, research and delivery Part of the STEP-IQ suite of products and…
ASSET ALLOCATION & OPTIMIZATION Bakken Shale Managing Our Staffed Capacity NORTH DAKOTA Optimizing manned assets in response to uncertainty in our markets Pivot assets to areas of activity to maximize utilization Have equipment…
DILIGENT COST MANAGEMENT Cost Management and Right-Sizing for a Competitive Marketplace Management and operations teams remain laser-focused on cost control and efficiency initiatives Reduced overhead positions and field staffing…
EXCEEDING CLIENT EXPECTATIONS Exceptional Service Exceeding Client Expectations With a strategic focus on continuous improvement, The STEP team delivered consistent, high quality results throughout the job. The excellent client and…
DIFFERENTIATED FIELD & BUSINESS EXECUTION Drivers for Differentiated Results Third Quarter and Nine Months of 20191 Results (000s except percentages) Efficiency and performance through advanced and digital technology Revenue Q319…
OPTIMIZING CASH FLOW GENERATION Positive cash flow generation through differentiated execution, disciplined asset deployment and diligent cost management STEP Energy Services Cash Flow from Operations1 STEP Energy Services Free Cash…
DEBT REPAYMENT & FINANCIAL RESOURCES Overview Free cash flow to reduce outstanding debt Net Debt1 Outstanding Capital budget management and effective cost controls 300 Down 50 million, or 18% During the second quarter of 2019,…
2020 WORK PROGRAM ACHIEVEMENTS Goals and Successes in 2019 Positions STEP Energy Services for 2020 Canada Align with large, blue-chip clients with active and stable Successfully renewed fracturing work programs with similar or…
STEP ENERGY SERVICES INVESTMENT THESIS High Quality Asset Base Diversified in Canada and the United States Focus on Delivering and Exceptional Field and Business Exceeding Client Execution Through Diligent Expectations Asset…
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