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FirstEnergy Capital – Total Energy Services Inc.

Total Energy Services Inc. · Nov 18, 2014 · 29 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. FirstEnergy Capital – Total Energy Services Inc. – slide 1
    FirstEnergy Capital November 18 & 19,2014 Toronto, ON FOCUS DISCIPLINE GROWTH
  2. FirstEnergy Capital – Total Energy Services Inc. – slide 2
    Non-IFRS Measures EBITDA means earnings before interest, taxes, depreciation and amortization and is equal to net income before income taxes plus finance costs plus depreciation. Cashflow means cash provided by operations before…
  3. FirstEnergy Capital – Total Energy Services Inc. – slide 3
    Forward-Looking Statements Certain information presented in these remarks and in this presentation that is not historical factual information may constitute forward-looking information within the meaning of securities laws. Actual…
  4. FirstEnergy Capital – Total Energy Services Inc. – slide 4
    Corporate Information Trading Symbols (TSX) Common Shares TOT Convertible Debentures TOT.DB Common Shares Outstanding 31.1 million Options Outstanding (14.73 average exercise price) 1.7 million 5.75% Convertible Debentures…
  5. FirstEnergy Capital – Total Energy Services Inc. – slide 5
    Operations Three business divisions: Contract Drilling Services (Chinook Drilling) Rentals and Transportation Services (Total Oilfield Rentals) Compression & Process Services (Bidell Compression & Spectrum Process…
  6. FirstEnergy Capital – Total Energy Services Inc. – slide 6
    Divisional Revenue (Percentage of Consolidated Revenue) Nine months ending Nine months ending Sept 30, 2014 Sept 30, 2013 15% 15% 29% 31% 56% 54% Rentals & Transportation Services Rentals & Transportation Services…
  7. FirstEnergy Capital – Total Energy Services Inc. – slide 7
    Operations Infrastructure Exposure to Significant WCSB Resource Plays Horn River Montney Duvernay Cardium Bakken Rentals and Transportation Services location Compression and Process Services location Both FOCUS…
  8. FirstEnergy Capital – Total Energy Services Inc. – slide 8
    Contract Drilling Services Chinook Drilling Focused on deeper basins in Western Canada (WCSB) 17 rig fleet: 15 telescopic doubles and 2 extended reach singles Telescopic doubles used extensively in WCSB horizontal drilling…
  9. FirstEnergy Capital – Total Energy Services Inc. – slide 9
    Contract Drilling Chinook Drilling (dollar amounts in thousands) Three months ended Sept 30 2014 2013 % Change Operating Days (spud to release) 863 798 8% of Rigs (period end) 17 16 6% Revenue 16,758 14,772 13% EBITDA 4,430…
  10. FirstEnergy Capital – Total Energy Services Inc. – slide 10
    Contract Drilling Chinook Drilling (dollar amounts in thousands) Nine months ended Sept 30 2014 2013 % Change Operating Days (spud to release) 2,282 1,933 18% of Rigs (period end) 17 16 6% Revenue 46,124 37,687 22% EBITDA…
  11. FirstEnergy Capital – Total Energy Services Inc. – slide 11
    Contract Drilling Services Revenue/Rig 4,500,000 70% 4,000,000 60% 3,500,000 50% 3,000,000 40% 2,500,000 30% 2,000,000 20% 1,500,000 10% 1,000,000 0% 500,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Rig…
  12. FirstEnergy Capital – Total Energy Services Inc. – slide 12
    Rentals and Transportation Services Total Oilfield Rentals Leading provider of surface rental equipment and general oilfield hauling in western Canada and North Dakota Provide equipment and transportation services used in the…
  13. FirstEnergy Capital – Total Energy Services Inc. – slide 13
    Rentals and Transportation Services (dollar amounts in thousands) Three months ended Sept 30 2014 2013 % Change Rental Pieces (period end) 10,000 9,900 1% Heavy Trucks (period end) 109 106 3% Average Utilization (rental…
  14. FirstEnergy Capital – Total Energy Services Inc. – slide 14
    Rentals and Transportation Services (dollar amounts in thousands) Nine months ended Sept 30 2014 2013 % Change Rental Pieces (period end) 10,000 9,900 1% Heavy Trucks (period end) 109 106 3% Average Utilization (rental…
  15. FirstEnergy Capital – Total Energy Services Inc. – slide 15
    Rentals and Transportation Services Historical Revenue Analysis 70% 25,000 60% 22,500 50% 20,000 17,500 40% 15,000 30% 12,500 20% 10,000 10% 7,500 0% 5,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Rental…
  16. FirstEnergy Capital – Total Energy Services Inc. – slide 16
    Compression and Process Services Bidell Gas Compression In business since 1988, Bidell is a leading provider of gas compression fabrication, sales, rental and service in Canada and select international markets 123,000 square feet…
  17. FirstEnergy Capital – Total Energy Services Inc. – slide 17
    Compression and Process Services Spectrum Process Services Established Spectrum in late 2012 to increase exposure to Canadian oil and NGL production activity as well as potential LNG driven infrastructure build. Q1 2013 acquired…
  18. FirstEnergy Capital – Total Energy Services Inc. – slide 18
    Compression and Process Services (dollar amounts in thousands) Three Months ended Sept 30 2014 2013 % Change Horsepower on Lease (period end) 35,500 35,700 - Fabrication Sales Backlog (period end) 78,600 57,600 36% Revenue…
  19. FirstEnergy Capital – Total Energy Services Inc. – slide 19
    Compression and Process Services (dollar amounts in thousands) Nine Months ended Sept 30 2014 2013 % Change Horsepower on Lease (period end) 35,500 35,700 - Fabrication Sales Backlog (period end) 78,600 57,600 36% Revenue…
  20. FirstEnergy Capital – Total Energy Services Inc. – slide 20
    Compression and Process Services Historical Revenue Analysis 80 70 60 50 40 30 20 10 0 10 11 12 13 14 20 20 20 20 20 Quarterly Revenue (M) Previous Quarter-End Backlog (M) FOCUS…
  21. FirstEnergy Capital – Total Energy Services Inc. – slide 21
    Consolidated Financial Performance (in thousands of dollars, except per share amounts) Three Months ended Sept 30 2014 2013 % Change Revenue 108,233 89,060 22% EBITDA 24,596 20,752 19% Cashflow 24,184 18,899 28% Net Income…
  22. FirstEnergy Capital – Total Energy Services Inc. – slide 22
    Consolidated Financial Performance (in thousands of dollars, except per share amounts) Nine Months ended Sept 30 2014 2013 % Change Revenue 307,040 252,639 22% EBITDA 76,195 59,800 27% Cashflow 78,078 36,456 114% Net Income…
  23. FirstEnergy Capital – Total Energy Services Inc. – slide 23
    Long Term Performance Annual Revenue (in millions of dollars) 400 350 300 250 200 150 100 50 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 FOCUS DISCIPLINE GROWTH
  24. FirstEnergy Capital – Total Energy Services Inc. – slide 24
    Long Term Performance Income Statement (dollars per share, diluted) 4.00 3.50 3.00 2.50 2.00 1.50 1.00 0.50 0.00 2005 2006 2007 2008 2009 2010 2011 2012 2013 EBITDA Cashflow Net Income FOCUS DISCIPLINE GROWTH
  25. FirstEnergy Capital – Total Energy Services Inc. – slide 25
    Long Term Performance Balance Sheet (in millions of dollars) 700 600 500 400 300 200 100 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 YTD Total Assets Shareholders' Equity LTD FOCUS DISCIPLINE GROWTH
  26. FirstEnergy Capital – Total Energy Services Inc. – slide 26
    2014 Capital Expenditure Budget (in millions of dollars) 93.1 million 2014 capital expenditure budget: 25.0 million expansion of gas compression rental fleet 15.2 million construction of Rig 18 12.7 million 355 rental pieces in…
  27. FirstEnergy Capital – Total Energy Services Inc. – slide 27
    Strong Track Record Established long-term track record of building sustainable shareholder value: 10 year annual total asset growth rate of 17% 10 year annual EBITDA/share (diluted) growth rate of 24% 10 year annual pre-tax return…
  28. FirstEnergy Capital – Total Energy Services Inc. – slide 28
    Well Positioned For the Future Well positioned for continued accretive growth that rewards our owners: Operational strength: stable, experienced management and a well established market position in each business division provides a…
  29. FirstEnergy Capital – Total Energy Services Inc. – slide 29
    Contact Information For further information about Total Energy Services Inc., contact: Daniel Halyk, President & CEO, phone: (403) 216-3921, email: dhalyktotalenergy.ca or Dennis Hassel, VP Finance & CFO phone: (403) 216-3920,…

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