September 2013 Drilling + Production Testing Services Drilling + Production Testing Services
Company overview Cathedral Energy Services Operates in some of the toughest and most challenging environments. Relentlessly focused on innovative technology. Service oriented. Performance driven. Directional Drilling Production…
Cathedral operates in the strategic Western Canadian Sedimentary Basin BC Montney basin becoming leading gas Cathedral is one of few play - expected LNG with an operating terminals should centre in Sask. Montney Positioned to…
in / near key strategic conventional & nonconventional plays in the U.S. OKC is Bakken is the largest producing shale play ramping up activities in Bakken 2013 Marcellus / Utica Powder River Niobrara Woodford / Mississipian…
and is positioned internationally to capitalize on Venezuelan opportunities Challenges Orinoco Belt Politics Hiring Current Actions Contracted labour & rental equipment agreements Wireline & production testing equipment ready to…
Cathedral market snapshot TSX: CET (as of September 4, 2013) Market Value 173.6 million Share Price 4.88 52 Week Share High / Low 6.94/3.55 (High as of 09/18/2012 Low as of 05/07/2013 Shares Outstanding (as of 08/13/13) 35.8 million…
Revenue generation ( in millions) Revenue by service Revenue by country 4.4 4.4 2012 2% Resale / Rental 2012 2% 58.8 Production Testing 85.5 29% 42% 139.9 Directional Drilling 113.2 56% 69% 2013 H1 5.2 5% Resale / Rental 2013…
Financial strength June 30 December 31 2013 2012 Current assets 69.5 68.2 Capital assets, net 137.6 135.1 Goodwill 5.8 5.8 Intangibles, net 0.6 0.7 Deferred income taxes 10.2 9.4 Equity investment 6.9 4.9 230.6 224.1 Current…
Cathedral capitalization Available credit facility of 75 million with a 35 million accordian feature At June 30, 2013: Drawn facility was 63 million Total funded debt of 65.1 million Funded debt to EBITDA ratio of 2.3 : 1.00…
Technology continues to drive industry growth by maximizing mature basins and unlocking new plays Accuracy Time Cost Drilling + Production Testing Services 11
and by optimizing drilling programs to overcome even the most complex challenges Cathedral Energy Services drilled the largest pad in North America Complex Anti-Collision - 52 wells with 8 spacing Drilling + Production Testing…
Cathedral is focused on delivering innovation within current technologies At bit sensor pack Rotary Pulser Fusion Platform Motor bearing pack 3D BHA Dynamic Analysis Downhole Generator Retrievable Linear Pulser Drilling…
and leading the development of strategic future technologies Advanced technologies: Instrumented motor Steam-Assisted Gravity Drainage (SAGD) High temp MWD Self-orienting motor Drilling + Production Testing Services 14
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 inline) Diversified…
Summary Financial strength and stability enables proactive investment Strategically positioned in/near major resource plays and basins Technology driven to deliver industry leading advanced tools Drilling + Production Testing…
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