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Investor Update June 2014 – Strand Energy Lc

Strand Energy Lc · 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. Investor Update June 2014 – Strand Energy Lc – slide 1
    Investor Update June 2014
  2. Investor Update June 2014 – Strand Energy Lc – slide 2
    THE STRAD ADVANTAGE DEMAND Horizontal drilling and multi-stage fracturing has led to more equipment intensity on well-sites More robust environmental and safety standards RESPONSE Deploy a broad range of equipment Diversified…
  3. Investor Update June 2014 – Strand Energy Lc – slide 3
    FIRST QUARTER RESULTS (MM) 1Q14 4Q13 3Q13 2Q13 1Q13 Q1 2014 RESULTS Revenue Total Revenue 51.9 47.9 47.4 49.6 44.7 Canadian Operations - good start EBITDA to winter drilling season with CAN Ops 5.6 5.3 5.6 2.7 4.8 margins…
  4. Investor Update June 2014 – Strand Energy Lc – slide 4
    SENIOR MANAGEMENT & BOARD OF DIRECTORS SENIOR MANAGEMENT DIRECTORS Andy Pernal, CA Joined Strad in 2006; Former CFO of Moffat Henry van der Sloot, CFA, CA Founder of Strad in 2003; Former Managing Chief Executive Officer,…
  5. Investor Update June 2014 – Strand Energy Lc – slide 5
    3 OPERATING REGIONS Western Canadian Sedimentary Basin 28 locations across North America Bakken / Rockies Marcellus 6
  6. Investor Update June 2014 – Strand Energy Lc – slide 6
    CUSTOMER SOLUTIONS SURFACE EQUIPMENT ENVIRONMENTAL & ACCESS MATTING DRILL PIPE 5,200 pieces 43,600 pieces 8,700 joints Proprietary in-house design and manufacturing provides a competitive advantage for Strad. 7
  7. Investor Update June 2014 – Strand Energy Lc – slide 7
    CUSTOMER SOLUTIONS SOLIDS CONTROL & WASTE MANAGEMENT ECOPOND SOLIDS CONTROL & WASTE MANAGEMENT ECOPOND 45 centrifuges 8
  8. Investor Update June 2014 – Strand Energy Lc – slide 8
    ASSET MIX MARCH 31, 2014 Gross Capital Assets by Gross Capital Assets Product Line by Geography 3% 11% Surface Equipment Matting 12% 44% Canada Drill Pipe 50% 50% US Solids Control 30% EcoPond 9
  9. Investor Update June 2014 – Strand Energy Lc – slide 9
    CUSTOMER SEGMENTS DRILLING OIL & GAS WELL DRILLING Surface Equipment Matting Solids Control & Waste Management Drill Pipe COMPLETIONS OIL & GAS WELL COMPLETIONS & FRACS EcoPond Surface Equipment Matting INFRASTRUCTURE…
  10. Investor Update June 2014 – Strand Energy Lc – slide 10
    REVENUE & EBITDA 250.0 30% 25% Revenue & EBITDA MM 200.0 20% 150.0 Margin % 15% 100.0 10% 50.0 5% 0.0 0% 2009A 2010A 2011A 2012A 2013A 2014T* Revenue EBITDA EBITDA Margin *Average Analyst Target 11
  11. Investor Update June 2014 – Strand Energy Lc – slide 11
    CAPITAL EXPENDITURES CUMULATIVE CAPITAL EXPENDITURES CAPITAL ASSETS 2010 - 2014F 250 224 million in gross value at March 31, 226 2014 201 25 200 Over 80% of our assets were acquired 187 14 14 in the last 5 years 150 67 67 67…
  12. Investor Update June 2014 – Strand Energy Lc – slide 12
    FREE CASH FLOW 2014 FREE CASH FLOW 50.0 EBITDA generates significant free cash 45.7 2.6 45.0 2.9 flow 5.0 40.0 9.9 Modest interest and tax payments 35.0 30.0 New age of asset fleet has modest MM 25.0 25.3 sustaining capex…
  13. Investor Update June 2014 – Strand Energy Lc – slide 13
    CAPITAL STRUCTURE SHARES 37.3 million shares outstanding at March 31, 2014 2.7 million options with average exercise price of 3.78 BALANCE SHEET AT MARCH 31, 2014 Total Bank Working 110.0 MM 10.8 MM Facility Capital Total…
  14. Investor Update June 2014 – Strand Energy Lc – slide 14
    INVESTMENT HIGHLIGHTS VALUATION Trading at discount to peers Strong cash flow per share 6% dividend yield GROWTH Over 80% of assets acquired in the last 5 years Increasing market share of growing market Infrastructure to…
  15. Investor Update June 2014 – Strand Energy Lc – slide 15
    THANK YOU 16

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