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CORPORATE UPDATE – Total Energy Services Inc.

Total Energy Services Inc. · Mar 1, 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. CORPORATE UPDATE – Total Energy Services Inc. – slide 1
    Corporate Update March 2014
  2. CORPORATE UPDATE – Total Energy Services Inc. – slide 2
    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 FOCUS DISCIPLINE GROWTH meaning…
  3. CORPORATE UPDATE – Total Energy Services Inc. – slide 3
    Non-IFRS Measures FOCUS DISCIPLINE GROWTH 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…
  4. CORPORATE UPDATE – Total Energy Services Inc. – slide 4
    Corporate Information FOCUS DISCIPLINE GROWTH Trading Symbols (TSX) Common Shares TOT Convertible Debentures TOT.DB Common Shares Outstanding 31.3 million Options Outstanding (14.46 avg exercise price) 2.1 million 5.75%…
  5. CORPORATE UPDATE – Total Energy Services Inc. – slide 5
    Operations FOCUS DISCIPLINE GROWTH Three business divisions: Contract Drilling Services (Chinook Drilling) Rentals and Transportation Services (Total Oilfield Rentals) Compression & Process Services (Bidell Compression &…
  6. CORPORATE UPDATE – Total Energy Services Inc. – slide 6
    Division Revenue (Percentage of Consolidated Revenue) FOCUS DISCIPLINE GROWTH Twelve months ending Twelve months ending December 31, 2013 December 31, 2012 16% 17% 32% 44% 39% 52% Rentals & Transportation Services…
  7. CORPORATE UPDATE – Total Energy Services Inc. – slide 7
    Operations Infrastructure Exposure to Significant WCSB Resource Plays FOCUS DISCIPLINE GROWTH Horn River Montney Duvernay Cardium Bakken Rentals and Transportation Services location Compression and Process…
  8. CORPORATE UPDATE – Total Energy Services Inc. – slide 8
    Contract Drilling Services Chinook Drilling FOCUS DISCIPLINE GROWTH Focused on deeper basins in Western Canada (WCSB) 16 rig fleet: 14 telescopic doubles and 2 singles Modern, efficient, uniform fleet with significant owned top…
  9. CORPORATE UPDATE – Total Energy Services Inc. – slide 9
    Contract Drilling Chinook Drilling (dollar amounts in thousands) FOCUS DISCIPLINE GROWTH Three months ended Dec 31 2013 2012 % Change Operating Days (spud to release) 881 603 46% of Rigs (average) 16 15 7% Revenue 18,266…
  10. CORPORATE UPDATE – Total Energy Services Inc. – slide 10
    Contract Drilling Chinook Drilling (dollar amounts in thousands) FOCUS DISCIPLINE GROWTH Twelve months ended Dec 31 2013 2012 % Change Operating Days (spud to release) 2,814 2,460 14% of Rigs (average) 16 15 7% Revenue 55,953…
  11. CORPORATE UPDATE – Total Energy Services Inc. – slide 11
    Contract Drilling Services Revenue/Rig FOCUS DISCIPLINE GROWTH 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…
  12. CORPORATE UPDATE – Total Energy Services Inc. – slide 12
    Rentals and Transportation Services Total Oilfield Rentals FOCUS DISCIPLINE GROWTH Leading provider of surface rental equipment and general oilfield hauling in Canada Provide equipment and transportation services used in the…
  13. CORPORATE UPDATE – Total Energy Services Inc. – slide 13
    Rentals and Transportation Services (dollar amounts in thousands) FOCUS DISCIPLINE GROWTH Three months ended Dec 31 2013 2012 % Change Rental Pieces (period end) 9,700 9,800 (1)% Heavy Trucks (period end) 100 106 (6)% Average…
  14. CORPORATE UPDATE – Total Energy Services Inc. – slide 14
    Rentals and Transportation Services (dollar amounts in thousands) FOCUS DISCIPLINE GROWTH Twelve months ended Dec 31 2013 2012 % Change Rental Pieces (period end) 9,700 9,800 (1)% Heavy Trucks (period end) 100 106 (6)% Average…
  15. CORPORATE UPDATE – Total Energy Services Inc. – slide 15
    Rentals and Transportation Services Historical Revenue Analysis FOCUS DISCIPLINE GROWTH 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…
  16. CORPORATE UPDATE – Total Energy Services Inc. – slide 16
    Compression and Process Services Bidell Gas Compression FOCUS DISCIPLINE GROWTH In business since 1988, Bidell is a leading provider of gas compression fabrication, sales, rental and service in Canada and select international…
  17. CORPORATE UPDATE – Total Energy Services Inc. – slide 17
    Compression and Process Services Spectrum Process Services FOCUS DISCIPLINE GROWTH Established Spectrum in late 2012 to increase exposure to Canadian oil and NGL production activity as well as LNG driven infrastructure build. Q1…
  18. CORPORATE UPDATE – Total Energy Services Inc. – slide 18
    Compression and Process Services (dollar amounts in thousands) FOCUS DISCIPLINE GROWTH % Three Months ended Dec 31 2013 2012 Change Horsepower on Lease (period end) 43,900 31,700 38% Fabrication Sales Backlog (period end)…
  19. CORPORATE UPDATE – Total Energy Services Inc. – slide 19
    Compression and Process Services (dollar amounts in thousands) FOCUS DISCIPLINE GROWTH Twelve Months ended Dec 31 2013 2012 % Change Horsepower on Lease (period end) 43,900 31,700 38% Fabrication Sales Backlog (period end)…
  20. CORPORATE UPDATE – Total Energy Services Inc. – slide 20
    Compression and Process Services Historical Revenue Analysis FOCUS DISCIPLINE GROWTH 60 50 40 30 20 10 0 08 09 10 11 12 13 20 20 20 20 20 20 Quarterly Revenue (M) Previous…
  21. CORPORATE UPDATE – Total Energy Services Inc. – slide 21
    Consolidated Financial Performance (in thousands of dollars, except per share amounts) FOCUS DISCIPLINE GROWTH Three months ended Dec 31 (unaudited) 2013 2012 % Change Revenue 86,940 78,404 11% EBITDA 23,152 21,743 6% Cashflow…
  22. CORPORATE UPDATE – Total Energy Services Inc. – slide 22
    Consolidated Financial Performance (in thousands of dollars, except per share amounts) FOCUS DISCIPLINE GROWTH Twelve months ended Dec 31 (audited) 2013 2012 % Change Revenue 339,579 307,702 10% EBITDA 82,952 91,076 (9)%…
  23. CORPORATE UPDATE – Total Energy Services Inc. – slide 23
    Long Term Performance Annual Revenue (in millions of dollars) FOCUS DISCIPLINE GROWTH 400 350 300 250 200 150 100 50 0 2005 2006 2007 2008 2009 2010 2011 2012 2013
  24. CORPORATE UPDATE – Total Energy Services Inc. – slide 24
    Long Term Performance Income Statement (dollars per share, diluted) FOCUS DISCIPLINE GROWTH 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
  25. CORPORATE UPDATE – Total Energy Services Inc. – slide 25
    Long Term Performance Balance Sheet (in millions of dollars) FOCUS DISCIPLINE GROWTH 600 500 400 300 200 100 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 Total Assets Shareholders' Equity LTD
  26. CORPORATE UPDATE – Total Energy Services Inc. – slide 26
    2014 Capital Expenditure Budget (in millions of dollars) FOCUS DISCIPLINE GROWTH 31.2 million 2014 capital expenditure budget: 20.0 million expansion of the natural gas compression rental fleet 6.9 million maintenance 4.3…
  27. CORPORATE UPDATE – Total Energy Services Inc. – slide 27
    Strong Track Record FOCUS DISCIPLINE GROWTH 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…
  28. CORPORATE UPDATE – Total Energy Services Inc. – slide 28
    Well Positioned For the Future Well positioned for continued accretive growth that rewards FOCUS DISCIPLINE GROWTH our owners: Operational strength: stable, experienced management and a well established market position in each…
  29. CORPORATE UPDATE – Total Energy Services Inc. – slide 29
    FOCUS DISCIPLINE GROWTH For further information about Total Energy Services Inc., contact: FOCUS DISCIPLINE GROWTH Daniel Halyk, President & CEO, phone: (403) 216-3921, email: dhalyktotalenergy.ca or Mark Kearl, VP Finance &…

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