STRATEGIC PRIORITIES Generate free cash flow to retire Right-size debt operations to Relentless focus deliver optimal on efficiencies utilization and and cost control cash flow Continue to deliver Invest in remarkable…
COMMITMENT TO ESG We are focused on environmental, social and governance activities and have been since we started the company. We intend to release our first ESG report in Q2-21. Dual-fuel fracturing fleets in Our work environment…
NORTH AMERICAN OPERATIONS X% Year-To-Date 2020 Revenue1 Canada Coil Tubing Horsepower AVAILABLE 16 units 282,5002 Fracturing ACTIVE Q3-20 5 units 3 spreads Coiled Tubing 44% 297mm 56% 31% Montney 297mm Deep Basin Duvernay…
EXECUTION ON DEBT REDUCTION Every part of our business has been fined-tuned to ensure we maximize free cash flow: We reacted quickly to the pandemic: All business decisions are focused on generating free CAPEX spending reduced from…
EXECUTION ON DEBT REDUCTION Significant debt reduction over a challenging period: Peak debt of 310mm in October 2018 has been reduced by 101mm or a 33% reduction Current balance of 209mm versus January 1, 2020 balance of 232mm 7
BANK SYNDICATE Summary: Total Facilities CAD260mm Maturity June 25, 2022 Financial Covenants Funded Debt to EBITDA Ratio Waived for Covenant Relief Period (Q3/20 Q2/21) and replaced with: Funded Debt to Tangible Net Worth Ratio…
PERFORMANCE CONSOLIDATED CANADIAN OPERATIONS Third Quarter and Nine Months of 2020 Results Third Quarter and Nine Months of 2020 Results ( in CAD millions except percentages) ( in CAD millions except percentages) Revenue Q3/20…
DIFFERENTIATION THROUGH TECHNOLOGY The value we bring to our clients and the subsequent benefit to our margins is a direct result of our investment in technology: BUSINESS SYSTEMS OPERATIONS INNOVATION Ongoing focus on internal…
OUTLOOK From the gut wrenching lows in Q2-20, forecasts suggest industry improvement in 2021: While we expect that the current competitive market conditions will persist, we are encouraged by the increased requests for proposals and…
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