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Our Opportunity & Our Plan – Canelson Drilling Inc.

Canelson Drilling Inc. · Jun 30, 2014 · 15 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Our Opportunity & Our Plan – Canelson Drilling Inc. – slide 1
    Our Opportunity & Our Plan June 2014
  2. Our Opportunity & Our Plan – Canelson Drilling Inc. – slide 2
    RightPeople,RightRigs,RightPartners,RightAttitude Geographic Position Operate in the most 4 1 12 prolific basins in North America 13 Positioned to participate in growing market for deeper 5 Geographic, Commodity, wells with…
  3. Our Opportunity & Our Plan – Canelson Drilling Inc. – slide 3
    RightPeople,RightRigs,RightPartners,RightAttitude Balanced Scorecard 4. FINANCIAL Achieve Industry Leading Returns 3. CUSTOMER VISION & 1. INTERNAL A Drilling Rig Fleet & STRATEGY BUSINESS PROCESS Service Offering to Meet…
  4. Our Opportunity & Our Plan – Canelson Drilling Inc. – slide 4
    RightPeople,RightRigs,RightPartners,RightAttitude Internal Business Process - What business processes must we excel at Reduce Well Costs by Being Measurably More Efficient Case Study: Permian Basin In the Permian Basin, a Consistently…
  5. Our Opportunity & Our Plan – Canelson Drilling Inc. – slide 5
    RightPeople,RightRigs,RightPartners,RightAttitude Learning & Growth How will we sustain our ability to change and improve Cultivating a Culture of Safety & Professional Development In order generate further Growth, Workers Comp…
  6. Our Opportunity & Our Plan – Canelson Drilling Inc. – slide 6
    RightPeople,RightRigs,RightPartners,RightAttitude Customer How should we appear to our customers A Drilling Rig Fleet and Service Offering to meet their needs Going Forward Right Sized Over 90% of the drilling rig fleet has…
  7. Our Opportunity & Our Plan – Canelson Drilling Inc. – slide 7
    RightPeople,RightRigs,RightPartners,RightAttitude Financial How should we appear to our shareholders Achieve Industry Leading Returns Canadian Contract Driller ROE Trailing Twelve Month Return On Equity Going Forward 25.0%…
  8. Our Opportunity & Our Plan – Canelson Drilling Inc. – slide 8
    RightPeople,RightRigs,RightPartners,RightAttitude Corporate Directory Head Office Analyst Coverage 700, 808 4th Avenue SW AltaCorp Capital Inc. Dana Benner Calgary, AB T2P 3E8 Canaccord Genuity John Bereznicki Cormark Todd Garman…
  9. Our Opportunity & Our Plan – Canelson Drilling Inc. – slide 9
    Appendix 1: Experienced Board Elson J. McDougald Founding CEO and Chairman of Western Lakota Energy Services Inc. Executive Chairman Founding CEO and Chairman of Tetonka Drilling Inc. & Laredo Drilling Inc. Donald R. Seaman Founding…
  10. Our Opportunity & Our Plan – Canelson Drilling Inc. – slide 10
    Appendix 2: Experienced Management Team Randy Hawkings, COO of Western Lakota Energy Services Inc. P.Eng, 35 years of domestic and international E&P and energy services experience President, CEO & Director Worked as drill site engineer,…
  11. Our Opportunity & Our Plan – Canelson Drilling Inc. – slide 11
    Appendix 3: The Opportunity is Significant - Where We Are Going VISION 1 billion energy services company within 4 years by being measurably more efficient = Opportunity for our people, our clients and our investors CDI - T 12
  12. Our Opportunity & Our Plan – Canelson Drilling Inc. – slide 12
    Appendix 4: Our Fleet is Well Suited to Oil & Gas Industry Needs Drilling Rig Fleet Vertical Depth & Operating Areas 49 (net: 45) Drilling Rigs June 2014 0 0 -1,000 3,300 -2,000 6,600 Meters -3,000 9,900 Feet…
  13. Our Opportunity & Our Plan – Canelson Drilling Inc. – slide 13
    Appendix 5: Financial and Share Data Common Shares2 92.3 million Current Share Price1 7.75 / share Market Capitalization 716 million Debt (less cash)2 44 million Enterprise Value 760 million Positive Working Capital (excludes cash…
  14. Our Opportunity & Our Plan – Canelson Drilling Inc. – slide 14
    Appendix 6: First Quarter Results For the three months ended March 31, 2014 2013 % change Services revenue 97.1 72.3 34 % Adjusted EBITDA 31.8 27.5 16 % Share of profit of unconsolidated joint venture 1.7 0.0 4,250 % Net income…
  15. Our Opportunity & Our Plan – Canelson Drilling Inc. – slide 15
    Appendix 7: Revised Capital Program & Rig Assembly Schedule 2014 Capital Program (103.0 million): Spare equipment facility & Upgrades & Capital Expenditures ( millions) overhead maintenance Expansion CanGas Total Capital expenditures…

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