SECURE Energy and Tervita Merge to Create a Stronger Midstream Infrastructure and Environmental Solutions Business (TSX: SES) (TSX: TEV) March 9, 2021
Strategic Rationale Highly complementary assets that provide enhanced scale, 1 utilization, efficiencies and geographic coverage Stronger, cost-effective infrastructure supports consolidating 2 customer base, including shared…
Transaction Overview SECURE to combine with Tervita in an all-share transaction The combined company will retain the SECURE name and TSX:SES symbol SECURE and Tervita shareholders pro forma equity ownership will be approximately…
Commitment to ESG Leadership Combined Commitment To The Communities In Which We Operate 4
Leadership and Governance Grant Billing Rene Amirault John Cooper Chairman of the Board Chief Executive Officer Chief Integration Officer and Director Tervita Chairman of the Tervita President & CEO Board since 2016 SECURE…
Significant Value Creation Opportunity From Integration Cost Savings Operational Efficiencies Optimize pro forma operations through facility utilization, reduced field overhead, field office closures, transportation savings…
The Combination Enhances Capital Markets Relevance Pro forma annual free Combined market Pro forma annual EBITDA cash flow of 200 capitalization of 1.0 of 400 million, million, including billion(1) and enterprise including…
Strong Free Cash Flow Profile Combined With Sound Capital Allocation Decisions Capital Allocation Principles / Priorities Expected to achieve debt to EBITDA target ratio…
Strong Pro Forma Financial Position Commentary As at December 31, 2020 (1) Increased size and scale of the pro (CMM) SECURE Tervita Pro Forma forma entity improves access to 1st Lien Debt (Revolver) 269 125 394 capital markets…
Broad Geographic Asset Coverage in Canada Core Assets Pro Forma Crude Oil Pipelines / Storage Midstream Processing Facilities Midstream Infrastructure Pipeline Connected Crude Facilities Crude Oil Pipelines / Storage Pipeline…
Pro Forma Company Will Have High-Quality, Diversified Customer Base Customer Revenue Breakdown Pro Forma entity will have a highly diversified customer base of Energy and Non-Energy clients Strategic Partnerships with High-Quality…
Go-Forward Strategy of the Combined Company Continue being trusted partners with our customers, providing the highest level of service and integrity Achieve annualized expected integration cost savings of 75 million within 12 to…
Investor Relations Contacts SECURE Energy Services Inc. Contacts Tervita Corporation Contacts Rene Amirault John Cooper President and Chief Executive Officer President and Chief Executive Officer Phone: 403-984-6080 Phone:…
Advisories Forward Looking Statements: This presentation contains forward-looking statements and/or forward-looking information within the meaning of applicable securities laws (collectively referred to as forward-looking statements).…
Advisories (Contd) Forward-looking statements involve significant known and unknown risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of…
Advisories (Contd) Discretionary free cash flow is a non-GAAP measure defined as cash flows from operating activities, adjusted for changes in noncash working capital, sustaining capital expenditures, and lease payments. Additional…
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