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Investor Update – Secure Energy Services

Secure Energy Services · Mar 1, 2014 · 32 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 – Secure Energy Services – slide 1
    INVESTOR UPDATE www.secure-energy.com March 2014 TSX: SES 1
  2. Investor Update – Secure Energy Services – slide 2
    SECURE ENERGY SERVICES VISION: The North American leader in energy services that grows shareholder value at 30% per year MISSION: Exceeding the expectations of the oil and gas industry by providing innovative, efficient and…
  3. Investor Update – Secure Energy Services – slide 3
    OIL AND GAS INTEGRATED SERVICES 3 Divisions Providing Fluids and Solids Solutions PRD Processing, Recovery and Disposal OS OnSite Services 3 DS Drilling Fluids and Equipment Rentals
  4. Investor Update – Secure Energy Services – slide 4
    KEY SERVICES Integrated Water Solutions and Water Recycling 4
  5. Investor Update – Secure Energy Services – slide 5
    VALUE CHAIN DRIVING NEW SERVICES DRILLING Drilling fluid close loop systems Horizontal fluid storage tanks Invert blending and storage at FSTs Recycling of hydrocarbon drilling mud Barite processing plant COMPLETIONS Completion…
  6. Investor Update – Secure Energy Services – slide 6
    LONG TERM GROWTH DRIVERS Drilling activity focused on high impact resource plays Longer and technically more challenging wells Well density and water volumes are increasing Increasingly stringent environmental and regulatory…
  7. Investor Update – Secure Energy Services – slide 7
    BUSINESS DRIVERS DRILLING ACTIVITY Western Canada Drilling Activity 30,000 2.5 Resource plays are the focus of E&P 25,000 2.0 companies 20,000 (000s metres per well) 1.5 Greater volumes of (000s metres) drilling…
  8. Investor Update – Secure Energy Services – slide 8
    BUSINESS DRIVERS WELL COUNT WCSB Oil & Gas Well Count and Associated Water Production 3,000,000 300,000 Maturing Oil and Gas Reservoirs with mounting water-cuts 2,500,000 250,000 (5-6% per year) Treatment and Produced Water…
  9. Investor Update – Secure Energy Services – slide 9
    OIL PRODUCTION GROWTH Increasing Well Density Increasing rate of oil recovery driven by technological advances Exploitation vs Exploration 9
  10. Investor Update – Secure Energy Services – slide 10
    PRD DIVISION Crude Oil Emulsion Treating Class Ib Waste Water Disposal Drilling Fluids Recycling Solids Processing Class II Produced Water Disposal Tank and Equipment Washing Crude Oil Teminalling Frac Fluids (flow back) Disposal…
  11. Investor Update – Secure Energy Services – slide 11
    PRD FULL SERVICE TERMINAL (FST) 1 Produced Water & Crude Oil Unloading 3 Crude Oil Treater 5 Treated Solids Pad 2 Disposal Well 4 Waste Receiving 6 Invert Mud Blending Plant 6 3 2 5 4 1 11 Drayton Valley FST
  12. Investor Update – Secure Energy Services – slide 12
    PRD FULL SERVICE RAIL (FSR) FSR Full Service Rail: Shipping raw crude vs. diluted FSR Treating and disposal water services Storage/buffer capabilities Close to the well head Ability to switch pipelines and/or rail 12
  13. Investor Update – Secure Energy Services – slide 13
    PRD CLASS II OILFIELD LANDFILL Types of Non-Hazardous Waste: Treated FST Solids Drill Cuttings Frac Sand Contaminated Soils 13
  14. Investor Update – Secure Energy Services – slide 14
    PRD CANADIAN & US FOOTPRINT 2013: 26 facilities 2014: Edson FST Keene FST 1 addt FST 1 FSR 2 SWDs 1 LF FULL SERVICE STAND ALONE WATER LANDFILLS TERMINAL DISPOSAL FACILITIES 14
  15. Investor Update – Secure Energy Services – slide 15
    PRD MARKET SHARE Producers continue to outsource their water and Production Bi-Products continue waste handling needs to grow as the conventional WCSB matures 5% 13% 4% 12% 46% 20% 19% 58% 6% 2009 2014 (est.) 17%…
  16. Investor Update – Secure Energy Services – slide 16
    OS DIVISION Environmental Services CleanSite Services Integrated Water Solutions Civil Earthworks NORMS Management Consulting Remediation and Reclamation Pipeline Services Demolition and Abandonment 16
  17. Investor Update – Secure Energy Services – slide 17
    OS PIPELINE INTEGRITY Full cycle pipeline integrity services Extensive water course crossing services to inspect or repair pipelines Proactive approach that helps clients prevent pipeline failures 17 Red Deer River Project
  18. Investor Update – Secure Energy Services – slide 18
    OS INTEGRATED WATER SOLUTIONS Recycling and Deep Well Injection Provide source and engineered fluids Pumping and heating Complete in field water management Recycling fluids and reducing disposal Fluids storage 18
  19. Investor Update – Secure Energy Services – slide 19
    DS DIVISION Drilling & Completion Fluids Patented SAGD Mud Solids Control & Rentals Lab Services Oil & Water Based Mud Invert Blending and Reconditioning 19
  20. Investor Update – Secure Energy Services – slide 20
    DS DRILLING AND COMPLETION FLUIDS DRILLING FLUIDS Innovative, versatile and effective fluid systems and solutions: Water Based Oil Based SAGD / Heavy Oil Proprietary & Patented Systems Barite processing plant COMPLETION…
  21. Investor Update – Secure Energy Services – slide 21
    DS SOLIDS CONTROL & RENTAL EQUIPMENT MANAGING THE BACK END OF THE RIG: 80 Centrifuges Drying Shakers Hydraulic Stands Premix Tanks Floc Tanks Dewatering Packages Bead Recovery Units Barite Recovery Units 360 Target Tanks -…
  22. Investor Update – Secure Energy Services – slide 22
    DS RECYCLING OIL-BASED MUD (OBM) SYNERGIES OBM Used to Drill Well Recycle Oil OBM Waste Generated Reduce Transportation Costs Integrated Solutions to Manage Fluids and Solids OBM Delivered to FST FST Facility Recycles Oil OBM…
  23. Investor Update – Secure Energy Services – slide 23
    DS FOOTPRINT DRILLING FLUIDS INVERT DRILLING FLUIDS HUB STOCK POINTS BLENDING & RECONDITIONING FACILITIES 23
  24. Investor Update – Secure Energy Services – slide 24
    CORPORATE HISTORICAL GROWTH 2009-2013 EBITDA CAGR: 111% 2013 EBITDA 138MM 2011 2009 EBITDA 60MM OS EBITDA 7 MM DS DS PRD PRD PRD 59 Employees 504 Employees 1,000 Employees 10 Facilities 14 Facilities 26 Facilities PRD…
  25. Investor Update – Secure Energy Services – slide 25
    PRD FINANCIAL PERFORMANCE (in 000s) Q4 2013 Q4 2012 QoQ change 2013 2012 YoY change REVENUE 51,586 35,269 46% 179,343 125,833 43% Operating Margin (%) 60% 62% (2%) 62% 61% 1% G&A 5,982 3,961 51% 23,247 12,392 88% EBITDA 25,914 18,618…
  26. Investor Update – Secure Energy Services – slide 26
    OS FINANCIAL PERFORMANCE (in 000s) Q4 2013 Q4 2012 QoQ change 2013 2012 YoY change REVENUE 17,554 7,514 134% 54,444 23,547 131% Operating Margin (%) 18% 29% (11%) 19% 33% (14%) G&A 1,484 1,032 44% 5,784 3,857 50% EBITDA 1,760 1,372 28%…
  27. Investor Update – Secure Energy Services – slide 27
    DS FINANCIAL PERFORMANCE (in 000s) Q4 2013 Q4 2012 QoQ change 2013 2012 YoY change REVENUE 86,287 65,572 32% 308,160 242,812 27% Operating Margin (%) 28% 25% 3% 25% 24% 1% G&A 5,978 6,167 (3%) 23,549 23,011 2% EBITDA 18,389 10,626 73%…
  28. Investor Update – Secure Energy Services – slide 28
    CORPORATE FINANCIAL RESULTS Three Months Ended Dec Year Ended Dec 31st 31st Comparison (in 000s except share and per % share data) Q4 2013 Q4 2012 Change 2013 2012 % Change Corporate Results Total Revenue* 155,427 108,356 43%…
  29. Investor Update – Secure Energy Services – slide 29
    CORPORATE CAPITAL SPENDING BY YEAR 300 250 29 63 200 188 36 CAPEX (MMs) 150 225 100 195 171 12 50 97 52 0 2010 2011 2012 2013 2014f Organic Acquisitions 12-18 month lag from Organic CAPEX to full facility…
  30. Investor Update – Secure Energy Services – slide 30
    CORPORATE 2014 CAPITAL FORECAST PRD DIVISION: 14% 2013 Carry-Over Capital: 20 MM Growth Capital: 155 MM 5% Expansion Capital: 45 MM Sustaining Capital: 5 MM 205 MM DS DIVISION: Growth Capital 14 MM 81% OS DIVISION: Growth…
  31. Investor Update – Secure Energy Services – slide 31
    CORPORATE BALANCE SHEET STRENGTH December 31, 2013 (MMs except ratios) Long Term Debt 160 Cash & Available Debt* 232 R12 EBITDA 138 Annual Dividend Commitment ** 14 Capital Budget 254 Consolidated Debt to EBITDA Ratio 1.4x Long Term…
  32. Investor Update – Secure Energy Services – slide 32
    SECURE ENERGY SERVICES SUMMARY Organic growth in key underserviced and capacity constrained markets Continue to encourage oil and gas producers to outsource Expand complementary and recycling services at Facilities…

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