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Investor Update – Secure Exploration Production Llc

Secure Exploration Production Llc · Nov 1, 2014 · 28 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 Exploration Production Llc – slide 1
    INVESTOR UPDATE November 2014 secure-energy.com TSX : SES
  2. Investor Update – Secure Exploration Production Llc – slide 2
    Corporate Profile Mission: Exceeding the expectations of the oil and gas industry by providing safe, innovative, efficient and environmentally responsible fluids and solids solutions (all dollar values are in Canadian dollars) TSX…
  3. Investor Update – Secure Exploration Production Llc – slide 3
    Delivering Long-Term Sustainable Growth Vision: The North American leader in energy services that grows shareholder value at 30% per year 1.40 140 EBITDA/Share CAGR: 60% 1.20 125 EBITDA CAGR: 103% 110 1.00 EBITDA (…
  4. Investor Update – Secure Exploration Production Llc – slide 4
    Performance Since March 30, 2010 (IPO) 900 800 Cumulative Return Indexed to 100 700 600 500 400 300 200 100 0 30/03/2010 30/03/2011 30/03/2012 30/03/2013 30/03/2014 SES TSX Energy Index TSX Composite Index…
  5. Investor Update – Secure Exploration Production Llc – slide 5
    Recent Company Highlights 5
  6. Investor Update – Secure Exploration Production Llc – slide 6
    A Unique Suite of Integrated Services All three integrated divisions working together to provide Processing, Recovery and Disposal (PRD) Processing oil & gas by-products 90+ service solutions at all Maximizing the recycling of oil…
  7. Investor Update – Secure Exploration Production Llc – slide 7
    Value Chain Driving New Services DRILLING Drilling fluid closed loop systems Oil based mud (OBM) storage tanks OBM blending and storage at FSTs Recycling of OBM Barite processing plant COMPLETIONS Completion fluids Integrated…
  8. Investor Update – Secure Exploration Production Llc – slide 8
    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 OBM Blending Plant 3 2 6 5 4 1 Drayton Valley FST 8
  9. Investor Update – Secure Exploration Production Llc – slide 9
    PRD Class II Oilfield Landfill Engineered oilfield landfill cells have a high-quality, multi-layer liner and environmental monitoring programs. Types of Non-Hazardous Waste: Contaminated Soils Treated FST Solids Sulphur Waste…
  10. Investor Update – Secure Exploration Production Llc – slide 10
    PRD Canadian & US Footprint 33 Facilities: FULL SERVICE TERMINAL (14) FULL SERVICE RAIL (4) STAND ALONE WATER DISPOSAL FACILITIES (8) LANDFILLS (7) 10
  11. Investor Update – Secure Exploration Production Llc – slide 11
    PRD Full Service Rail (FSR) Full Service Rail: View rail as a long-term solution for enhanced market access Ability to optimize pipelines and/or rail options for customers Close to the well head Ability to ship raw crude vs.…
  12. Investor Update – Secure Exploration Production Llc – slide 12
    PRD Market Share Continuing to encourage producers to outsource water and waste handling needs 5% 4% 12% 13% 20% 46% 58% 19% 6% 2009 17% 2014 (est.) Producers SECURE Tervita Newalta Other Source: Internal…
  13. Investor Update – Secure Exploration Production Llc – slide 13
    OS Environmental Services Full cycle pipeline integrity services Technical and environmentally challenging projects Extensive water course crossing services to inspect or repair pipelines Integrated fluid solutions (IFS) Full…
  14. Investor Update – Secure Exploration Production Llc – slide 14
    OS Integrated Fluid Solutions (IFS) 14
  15. Investor Update – Secure Exploration Production Llc – slide 15
    DS - Industry Trends The shift to horizontal drilling has resulted in increased: Metres drilled per well year over year Demand for more complex, technical drilling fluid systems Technology, requiring R&D facilities Risks and levels…
  16. Investor Update – Secure Exploration Production Llc – slide 16
    DS Integrated Drilling Fluids Solutions Leading market share position in Canada: Increased drilling fluids market share from 30% in Q3 2011 to 33% in Q3 2014 Drilling fluids: Oil Based Mud Conventional Water Based Mud SAGD/Heavy…
  17. Investor Update – Secure Exploration Production Llc – slide 17
    DS Recycling Oil Based Mud (OBM) SYNERGIES: DS operations across the WCSB overlap with PRD FST facilities OBM Used to Drill Well Recycle oil from OBM at FST OBM Waste Generated Reduce transportation costs OBM Flowback Delivered…
  18. Investor Update – Secure Exploration Production Llc – slide 18
    Long-Term Growth Drivers Drilling activity focused on high impact resource plays Longer and technically more challenging wells Well density, producing wells and water volumes are increasing Increasingly stringent environmental…
  19. Investor Update – Secure Exploration Production Llc – slide 19
    Long-Term Growth Drilling Activity 30,000 Western Canada Drilling Activity 2.50 25,000 2.00 Greater volumes of drilling waste 20,000 and completion 000s metres per well fluid waste per well 000s metres +10% (YoY) 1.50…
  20. Investor Update – Secure Exploration Production Llc – slide 20
    Long Term Growth Water Volumes Increasing WCSB Oil & Gas Well Count and Associate Water Production 3,000,000 300,000 Maturing Oil and Gas 2,500,000 250,000 Reservoirs with mounting water-cuts (5-6% growth / year) 2,000,000…
  21. Investor Update – Secure Exploration Production Llc – slide 21
    Q3 2014 Financial Performance Revenue Operating EBITDA2 Highlights (in 000s) Margin (in 000s) YoY YoY YoY Q314 Q314 Q314 Change Change Change Increased processing and disposal volumes PRD1 69,713 47% 63% (1%) 37,023 50% Added…
  22. Investor Update – Secure Exploration Production Llc – slide 22
    Corporate Financial Results (in 000s except share and per share data) Three Months Ended Sept. 30th Nine Months ended Sept. 30th Comparison Q3 2014 Q3 2013 % Change 2014 2013 % Change Corporate Results Total Revenue* 208,743 153,868…
  23. Investor Update – Secure Exploration Production Llc – slide 23
    Strong Balance Sheet and Financial Flexibility Total Credit Facility: 700 MM* 335 MM 1.8X Consolidated Debt to EBITDA** 30 MM 48% Available on Current Credit Facility 335 MM 0.43 Long-Term Debt to Long-Term Debt Letters…
  24. Investor Update – Secure Exploration Production Llc – slide 24
    Corporate Capital Spending By Year Full impact of 2014 capex will be realized in 2016 450 437 EBITDA 400 Contribution 350 CAPEX (MMs) 300 285 258 250 207 200 150 100 64 50 0 2010 2011 2012 2013 2014f Organic…
  25. Investor Update – Secure Exploration Production Llc – slide 25
    Corporate 2014 Capital Forecast PRD DIVISION: 2013 Carry-Over Capital: 20 MM Growth Capital: 11% 142 MM Expansion Capital: 78 MM 7% Sustaining Capital: 5 MM Acquisition 105 MM 350 MM DS DIVISION: Growth Capital: 20 MM…
  26. Investor Update – Secure Exploration Production Llc – slide 26
    Growing to Meet Demand PROJECTS Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Integrated Fluid Solutions Asset Acquisition PRD Environmental Services Asset Acquisition Barite Processing Plant Acquisition DS Division Edson FST…
  27. Investor Update – Secure Exploration Production Llc – slide 27
    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…
  28. Investor Update – Secure Exploration Production Llc – slide 28
    Analyst Coverage Firm Analyst Phone AltaCorp Capital Inc. Jason Sawatzki 403.539.8596 BMO Capital Markets Michael Mazar, CA, CFA 403.515.1538 Canaccord Genuity John Bereznicki 403.691.7805 CIBC World Markets Inc. Jon Morrison…

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