February 2021 Investor Update TSX : SES secure-energy.com
SECURE ENERGY Overview Delivering customer-focused solutions to upstream oil and natural gas 159.6 519 companies across Western Canada and the U.S. Common Shares Market Outstanding Capitalization The two operating business segments…
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…
Key Strategic Priorities SECUREs key strategic priorities 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 flows and keeping…
2021 Outlook Continued focus on maintaining financial resiliency and prioritizing the repayment of debt Higher producer cash flows resulting from improved commodity prices at the start of 2021 are expected to: Increase in drilling and…
Four Key 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…
Strong Financial Position Long-Term Debt Maturities Two lien structured credit facility totaling 730 700 million of capacity 600 million first lien credit facility matures June 600 2023 269 million drawn at December 31, 2020 500…
Discretionary Free Cash Flow Discretionary free cash flow generation for debt reduction, growth, and returns to shareholders Discretionary Free Cash Flow (1) 250 Generating discretionary free cash flow in excess of our quarterly…
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 10
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…
East Kaybob Oil Pipeline ESG Highlights Pipelines provide capital efficient transportation, eliminating trucking constraints and reducing CO2 emissions Aggregating volumes from multiple producers reduces infrastructure redundancy,…
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 Segment 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…
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…
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 Government of Canada stimulus package announced in April to fund clean-up of…
Q4 2020 Financial Results Current quarter benefited from stable cash flows provided by contracted volumes, cost reduction initiatives realized beginning in the second quarter, and government subsidies offsetting wage expense Adjusted…
Our Sustainability Commitments 21
SECURE ENERGY Delivering energy to the world, so people and communities thrive 18% Discretionary Free Cash Flow Yield (1) Financial strength with 330M of available credit, subject to covenant restrictions State-of-the-art midstream…
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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