August 2020 Investor Update TSX : SES secure-energy.com
SECURE ENERGY Overview Delivering customer-focused solutions to upstream oil and natural gas 158.5 265 companies across Western Canada and the U.S. Common Shares Market Outstanding Capitalization The two operating business segments…
Key 2020 Strategic Priorities SECUREs key strategic priorities for 2020 are to: Focus on the health and safety of our people and our communities Maintain financial resilience, protecting a strong balance sheet by maximizing cash…
Capital Allocation Priorities Fund the Business Repay Debt Maintain financial resiliency and balance sheet strength Fund Infrastructure Capital deployment backed by contracted or highly reliable volumes Growth with high quality…
Strong Financial Position Long-Term Debt Maturities Two lien structured credit facility totaling 700 730 million of capacity 600 million first lien credit facility matures 600 June 2023 333 million drawn at June 30, 2020 500 130…
Vision: Do Midstream Differently Partnerships with customers to share midstream infrastructure Increases stability of SECURE cash flows through exposure to recurring, production-related cash flows, reducing the risk of our…
Midstream Infrastructure Strategically located midstream processing facilities and pipelines in high impact resource plays 7
Expanding Midstream Offerings Kerrobert Pipeline System & Storage Light oil feeder pipeline system and receipt terminal in the Kindersley-Kerrobert region Contracted volumes with anchor tenants for a 10-year term 420,000 barrels of…
East Kaybob Oil Pipeline New pipeline system supporting long-term growth strategy of expanding midstream infrastructure through customer partnerships 120 kilometre gathering pipeline with 15,000 bbl/d Increased utilization and…
Midstream Water Growth Finding a produced water solution is critical for customers drive to lowering costs and maximizing returns Produced water management has become a major focus for producers Water to oil ratios in the Montney and…
Gold Creek Produced Water Pipeline and Disposal Facility The benefits of pipeline connecting produced water volumes are extensive For SECURE ENERGY For our customers For the public Long-term committed volumes result in a Reduced…
Environmental and Fluid Management Helping producers transition to the highest ESG standards in the world DRILLING COMPLETIONS Drilling fluids Storage water tanks Landfills (drill cuttings) Landfills (completion waste) Solids control…
Environmental Management Offering landfill disposal and a full suite of solutions including onsite abandonment, decommissioning, remediation and reclamation Network of industrial landfill disposal sites Long-term contracts with three…
Industrial Landfills Engineered Industrial landfill cells have a high-quality, multi-layer liner, liner protections system and environmental monitoring programs Types of Landfill Waste Received: Drill Cuttings Completion Solids…
Fluid Management Production Chemicals & EOR Industry leading products: flow assurance, asset integrity, production optimization Over 350 fully formulated proprietary products Creating new products in our research labs Leveraging…
Near-Term Growth Opportunities Federal program to accelerate orphan and inactive oil and gas well abandonments presents significant opportunity for SECURE New 1.7 billion Government of Canada stimulus package announced in April to fund…
2020 Capital Program Continued midstream growth supported underpinned by long-term contracts 2020 growth and expansion capital spend of approximately 50 million: East Kaybob oil pipeline system Substantially completed June 2020…
2020 Financial Results SECURE recorded Adjusted EBITDA of 62.5 million for the six months ended June 30, 2020, driven by recurring production-based revenues Stable cash flows provided by contracted volumes associated Minimal drilling and…
Free Cash Flow Free cash flow generation after sustaining capital, interest payments and dividends Free Cash Flow (1) Cost reduction initiatives undertaken to protect free 210 200 cash flow throughout the downturn: 180 Reduced…
SECURE ENERGY Delivering energy to the world, so people and communities thrive Challenging whats possible with solutions to increase customer netbacks and improve capital efficiency State-of-the-art midstream processing facilities…
Appendix
2019 Sustainability Highlights The midstream and environmental solutions we provide our customers are designed not only to help reduce costs, but also lower emissions, increase safety, manage water, recycle by-products and protect the…
Our Sustainability Commitments 23
Forward-Looking Statements and Non-GAAP Measures Forward Looking Statements: This presentation contains forward-looking statements and/or forward-looking information within the meaning of applicable securities laws (collectively referred…
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