CATHEDRAL ENERGY SERVICES LTD. Peters & Co. 2014 Energy Conference September 9 11, 2014 1
COMPANY OVERVIEW Performance driven Service oriented Innovation focused DIRECTIONAL & PRODUCTION TESTING & HORIZONTAL DRILLING FLOWBACK Operating in Canada and United States 3
STRATEGIC POSITIONING Cathedral is strategically positioned to capitalize on opportunities in the Western Canadian Sedimentary Basin BC Montney basin is Cathedral is one of a leading gas play; few with an operating expected LNG…
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 DJ / Niobrara Woodford /…
DIRECTIONAL & HORIZONTAL DRILLING Why our customers choose Cathedral Reduced drilling time Higher rates of penetration Reduced failures Selection of equipment Team depth and experience Solutions for challenging environments…
DIRECTIONAL & HORIZONTAL DRILLING Why our customers choose Cathedral Reduced drilling time Higher rates of penetration Reduced failures Selection of equipment Team depth and experience Solutions for challenging environments…
PRODUCTION TESTING AND FLOWBACK Why our customers choose Cathedral Equipment suited to their needs High pressure testing services Critical sour services Inline testing / green completions Safety and environment performance Team…
PRODUCTION TESTING AND FLOWBACK Why our customers choose Cathedral Equipment suited to their needs High pressure testing services Critical sour services Inline testing / green completions Safety and environment performance Team…
COMPANY SNAPSHOT TSX: CET (as of September 2, 2014) Market statistics Market value 165 million Enterprise value 216 million Recent share price 4.54 52 week high / low (10/31/13 3/19/14) 6.25 / 4.03 Shares outstanding (basic) 36.3…
FINANCIAL PERFORMANCE - ANNUAL Revenue (in C millions) Revenue by Geographic Area (in C millions) 2013 - 225M 350 11 300 5% 303 250 277 200 220 Canada 225 100 203 150 44% US 153 100 114 International 51% 50 0 1 1 2010 A 2011…
FINANCIAL PERFORMANCE - YTD Revenue (in C millions) Revenue by Geographic Area (in C millions) 2014 YTD - 124.8 80 70 60 68.0 50 54.1 56.8 66.6 58.2 40 45.6 53% 47% Canada 30 US 20 10 0 2013 Q1 2014 Q1 2013 Q2 2014 Q2 EBITDAS (in…
FINANCIAL PERFORMANCE Balance sheet strength (in C millions) Jun 30 Dec 31 2014 2013 Working capital 30 26 Total assets 217 205 Drawn credit facilities 60 48 Available credit facilities (1) 85 75 Long term debt 51 38 Total…
RECENT DEVELOPMENTS Change in Leadership CEO transition New CFO Organizational Changes Divisional leadership Corporate support services Shut-down of Venezuela operations 14
CURRENT PRIORITIES Increasing market share in both operating divisions and geographic areas Enhancing profitability Continued investment in development of proprietary technologies New products and services 15
SUMMARY Leading provider of directional and horizontal drilling and production testing / flowback services Exposure to Canada and US Technological competitive advantage and commitment to ongoing innovation Experienced team…
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