Cathedral Energy Services Ltd. Annual & Special Meeting April 23, 2014 1
COMPANY OVERVIEW Cathedral operates in the toughest and most challenging environments. Performance driven. Service oriented. Innovation focused. DIRECTIONAL DRILLING PRODUCTION TESTING Horizontal / directional drilling High…
CURRENT MARKET SNAPSHOT TSX: CET (as of April 21, 2014) Market Value 161 million Share Price 4.44 52 Week High / Low 6.25/3.55 (High as of 10/31/2013 Low as of 05/07/2013) Shares Outstanding 36.2 million Dividend Per Share 0.33*…
MANAGEMENT TEAM P. Scott MacFarlane with CET President and CEO since 2001 Interim CFO Previously, CFO, Cathedral Energy Services Prior here to, VP, Finance and Chief Financial Officer for Hanover Maloney Inc. and Senior Manager with…
STRATEGIC POSITIONING Cathedral is strategically positioned to capitalize on opportunities in the Western Canadian Sedimentary Basin. BC Montney basin Cathedral is one of becoming leading few with an operating gas play; expected…
STRATEGIC POSITIONING ...as well as key conventional and unconventional plays throughout the United States Bakken is the largest producing shale play Bakken Marcellus / Utica Powder River Niobrara Woodford / Mississipian…
TECHNOLOGY AND INNOVATION Cathedral is focused on innovatively advancing current technologies Hardware Software Fusion MWD Platform Downhole 3D BHA Dynamic Analysis Retrievable Linear Pulser Downhole Generator 8
TECHNOLOGY AND INNOVATION and developing strategic future technologies Instrumented motor At-bit sensors High temperature Measurement-While-Drilling tool 9
TECHNOLOGY AND INNOVATION ...that deliver results and set the bar higher 10
PRODUCTION TESTING Cathedral provides high quality production testing / frac flowback services Focused on high pressure testing services including critical sour services i.e. Frac flowbacks after well stimulation (flare or…
FINANCIAL PERFORMANCE Revenue (in C Revenue by Geographic Area (in C millions) millions) 2013 - 225M 300 11 250 5% 251 200 220 225 203 Canada 150 100 153 44% US 100 114 International 51% 50 - 2010A 2011A 2012A 2013A…
FINANCIAL PERFORMANCE (in C millions) 2013 2012 Operating results Revenue 225 203 Write-down of investment in associate (13) - and related assets Net earnings (loss) (2) 15 EBITDAS (1) 33 41 EBITDAS margin (1) % 14.6 % 20.1…
2014 PRIORITIES Increasing market share in both operating divisions and geographic areas Enhancing profitability through managing costs Continued investment in R&D of proprietary technologies 14
SUMMARY Leading provider of directional drilling and production testing / frac flowback services Technological competitive advantage and commitment to ongoing innovation Proven management team Poised for future growth…
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