Transforming Natural Gas to Meet The Worlds Energy Needs PROVEN TRACK RECORD OF VALUE CREATION Complementary product lines and regions driving balanced revenue growth. Growing Asset Ownership to increase and stabilize margins.…
GLOBAL PRIMARY ENERGY CONSUMPTION (000 Bcf) Projected Global Energy Consumption (Bcf/yr) 900.0 Macro shift to cleaner fuel sources is underway 800.0 700.0 600.0 Global natural gas consumption 500.0 is expected to…
COMPLEMENTARY PRODUCT LINES AND REGIONS
SOLUTIONS FROM THE WELLHEAD TO PIPELINE Field Processing + Wellhead Gathering Systems Other Midstream Activities Equipment Supplies field compression for Engineers, designs, manufactures, Provides the critical equipment installs,…
EXECUTING ON A POWERFUL STRATEGY Engineered Systems Customized offerings for: - Gas Compression - Gas Processing Plants - Cryogenic Plants - Electric Power Generation Any Engineered System Integrated Turnkey on a leased or…
GLOBAL PLATFORM DELIVERING NATURAL GAS SOLUTIONS Business Overview Revenue 2,038 MM Employees 2,600 Operating Locations 53 Manufacturing Facilities 3 Countries 16 Fleet: 700,000 HP Enerflex Manufacturing Facility 0 28,000…
FOCUSED REGIONAL PRESENCE
UNITED STATES USA Eng. Systems 979 MM Service Rental 166 MM 70 MM Growing demand for Total Revenue 1,215 MM natural gas Fleet: 280,000 HP infrastructure driven by associated gas from US shale plays Enerflex is…
LATIN AMERICA Rest of World Eng. Systems 105 MM Service 152 MM Natural gas production in the Rental 118 MM Total Revenue 375 MM regionTBD is expected to grow by Fleet: 350,000 HP approximately 80% by 2040 Continued limited…
MIDDLE EAST / AFRICA The Middle East accounts for TBD more than 30% of the worlds proven gas reserves* Approximately 100,000 Rest of World Eng. Systems 105 MM horsepower of owned and Service Rental 152 MM 118 MM installed…
CANADA Growing demand for natural gas infrastructure in Canada liquids-rich basins Eng. Systems 365 MM Service 70 MM Rental 12 MM Total Revenue 447 MM Petrochemical projects Fleet: 70,000 HP will increase domestic consumption…
DIVERSIFIED REVENUES
REVENUE GROWTH THROUGH COMPLEMENTARY OFFERINGS C in millions 2,037.9 TTM Q3 2019 2018 10% 10% 1,696.2 1,703.3 447.3 19% 20% 1,629.0 1,553.4 71% 70% 1,501.7 299.9 1,405.0 529.4 375.3 494.2 1,227.1 418.6 500.4 438.2 1,130.6…
STRATEGIC PIVOT TOWARD RECURRING REVENUES Recurring Revenue C in millions 587.8 600 537.2 521.1 486.4 500 471.5 461.7 Recurring revenue 400 375.0 growth through 321.0 323.5 organic investment 300 and strategic M&A 200…
GROWING ASSET OWNERSHIP TO INCREASE AND STABILIZE MARGINS
DISCIPLINED INVESTMENT IN ASSETS CAPEX, M&A and ROCE Organic Leads To M&A Leads To Organic Leads To M&A Over C1.2 billion Investment Investment Opportunities reinvested in organic Opportunities C in millions growth and…
POSITIVE FREE CASH FLOW AND BALANCE SHEET STRENGTH Free Cash Flow Before Net Capital Spending* Net Debt to EBITDA C in millions 300.0 252.5 250.0 2.38 190.4 1.79 200.0 1.19 1.09 150.0 136.2 126.5 105.1 114.2 112.8 0.52 0.57…
STABLE MARGIN GROWTH EBITDA and EBITDA Margin C in millions 400.0 16.8% 15.8% Approximately 195 350.0 13.8% 13.2% 300.0 11.4% 10.9% 321.5 million increase in 250.0 10.4% 10.4% EBITDA since 2011 200.0 9.0% 214.1 225.2…
AND SUSTAINED DIVIDEND GROWTH Annually (C/share) 0.50 0.46 0.45 0.42 0.40 0.38 0.35 0.34 0.34 0.34 Over 90% increase in 0.30 0.28 0.30 dividend since 2011 0.25 0.24 0.20 2011 2012 2013 2014 2015 2016 2017 2018 2019*…
IGNITING THE FUTURE OF ENERGY
WHATS NEXT FOR ENERFLEX Current geographic platform provides the foundation for incremental growth in each operating region. Focus remains on profitably growing each of the Engineered Systems, After-Market Services, and Asset…
CAPITAL ALLOCATION PRIORITIES Organic growth of Asset Ownership platform in all Regions. Opportunistic Inorganic growth right assets, right places, right long-term returns. Dividend Growth Dividend has grown or been maintained each…
EXECUTING ON A POWERFUL STRATEGY Proven track record of creating shareholder value through Growth and Dividend Income Strong balance sheet and free cash flow allows Enerflex to pursue strategic growth opportunities to further expand…
APPENDIX RECONCILIATIONS
FREE CASH FLOW TTM Q3 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 2019 Cash provided by operating activities 134,795 134,208 69,024 64,611 104,173 91,792 179,251 242,868 244,936 Net change in non-cash working capital and…
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