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Merger of KLX Energy Services and Quintana Energy Services – KLX Energy Services

KLX Energy Services · May 4, 2020 · 13 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. Merger of KLX Energy Services and Quintana Energy Services – KLX Energy Services – slide 1
    Merger of KLX Energy Services and Quintana Energy Services May 4, 2020 1
  2. Merger of KLX Energy Services and Quintana Energy Services – KLX Energy Services – slide 2
    Industry-Leading Provider of Asset-Light Oilfield Solutions KLX Energy Services Holdings, Inc. (KLXE) (NASDAQ: KLXE) and Quintana Energy Services Inc. (QES) (NYSE: QES) today announced that they have entered into a definitive agreement…
  3. Merger of KLX Energy Services and Quintana Energy Services – KLX Energy Services – slide 3
    Overview of Key Transaction Terms All-stock merger Transaction Structure QES shareholders will receive 0.4844 shares of KLXE common stock for each share of QES common stock KLXE and QES shareholders will, respectively, own 59% and 41%…
  4. Merger of KLX Energy Services and Quintana Energy Services – KLX Energy Services – slide 4
    Compelling Strategic and Financial Benefits Creates a premier provider of production, completion and drilling solutions with a returns-driven strategy focused on asset-light services, low capex, free cash flow generation and ROIC…
  5. Merger of KLX Energy Services and Quintana Energy Services – KLX Energy Services – slide 5
    Combined Company Positioned Across the Well Life-Cycle Returning shut-in wells to Production and production will be a Completion Drilling catalyst for production and Intervention intervention-oriented Expected services as the…
  6. Merger of KLX Energy Services and Quintana Energy Services – KLX Energy Services – slide 6
    Well-Positioned to Service Customers Across All Key U.S. Basins Rockies Bakken Shale Green River Basin Powder River Basin Utica Shale Marcellus DJ Basin Shale Piceance Basin Pro Forma Revenue by Basin Anadarko Shale Northeast…
  7. Merger of KLX Energy Services and Quintana Energy Services – KLX Energy Services – slide 7
    Significant Revenue and Adjusted EBITDA Generation Capacity Revenues1 Adj. EBITDA1, 2 ( in millions) ( in millions) 1,250 1,099 15% 16% 1,028 1,000 167 12% 759 604 484 750 10% 9% 60 106 8% 500 428 27 66 250 495 544 107 4%…
  8. Merger of KLX Energy Services and Quintana Energy Services – KLX Energy Services – slide 8
    Significant Value Creation Opportunity from Near-Term Cost Synergies Rationalization of KLXEs Wellington, Florida Field Operations Corporate Headquarters Reduction of duplicative public company costs Reduction of duplicative…
  9. Merger of KLX Energy Services and Quintana Energy Services – KLX Energy Services – slide 9
    Modern Equipment Fleet Supporting Diversified Revenue Base and Pull Through of Asset-Light PSLs Production and Completion Drilling Intervention PF 2019 Revenues 27% 51% 22% Combined Fleet Substantially Increases Scale Leading Suite…
  10. Merger of KLX Energy Services and Quintana Energy Services – KLX Energy Services – slide 10
    Combination Creates Leading U.S. Coiled Tubing and Wireline Services Provider U.S. Large-Diameter Coiled Tubing Fleet 94 24 23 14 13 13 12 11 11 11 10 7 4 Others + + U.S. Wireline Fleet 158 131 125 104 98 104 65 54 51 41 33…
  11. Merger of KLX Energy Services and Quintana Energy Services – KLX Energy Services – slide 11
    High Quality and Broad Customer Base with Substantial Cross-Selling Opportunities Combined Customer Relationships Strong, long-standing relationships with Blue Chip customers across key U.S. basins and PSLs More than 1,000…
  12. Merger of KLX Energy Services and Quintana Energy Services – KLX Energy Services – slide 12
    Strong Pro Forma Financial Position As of Fiscal Year 2019 No Debt in millions KLXE QES Pro-Forma Maturities Until Cash 124 15 118 2025 KLXE Senior Secured Notes due 2025 250 - 250 ABL Facility3 100 million QES Asset-based…
  13. Merger of KLX Energy Services and Quintana Energy Services – KLX Energy Services – slide 13
    Platform for Ongoing Consolidation Successful Integration Track Record Well positioned to continue to pursue a strategy of leading the effort to consolidate the oilfield service + Q1 2019 industry Red Bone Tecton Services…

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