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Annual and Special Meeting of Shareholders – Total Energy Services Inc.

Total Energy Services Inc. · May 22, 2013 · 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. Annual and Special Meeting of Shareholders – Total Energy Services Inc. – slide 1
    Annual and Special Meeting of Shareholders May 22, 2013
  2. Annual and Special Meeting of Shareholders – 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. Annual and Special Meeting of Shareholders – 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. Annual and Special Meeting of Shareholders – Total Energy Services Inc. – slide 4
    Corporate Information FOCUS DISCIPLINE GROWTH Trading Symbols (TSX) Common Shares TOT Convertible Debentures TOT.DB Common Shares Outstanding 30.76 million Options Outstanding (11.90 avg exercise price) 2.8 million 5.75%…
  5. Annual and Special Meeting of Shareholders – 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. Annual and Special Meeting of Shareholders – Total Energy Services Inc. – slide 6
    Divisional Revenue Contribution FOCUS DISCIPLINE GROWTH Three months ending Twelve months ending March 31, 2013 December 31, 2012 18% 17% 38% 44% 44% 39% Rentals & Transportation Services Rentals & Transportation…
  7. Annual and Special Meeting of Shareholders – Total Energy Services Inc. – slide 7
    Contract Drilling Services Chinook Drilling FOCUS DISCIPLINE GROWTH Focused on the WCSB 16 rig fleet: 14 telescopic doubles and 2 singles Telescopic doubles used extensively in WCSB horizontal drilling programs 2012: 72% of…
  8. Annual and Special Meeting of Shareholders – Total Energy Services Inc. – slide 8
    Contract Drilling Services (dollar amounts in thousands) FOCUS DISCIPLINE GROWTH Twelve months ended Dec 31 2012 2011 % Change Operating Days (spud to release) 2,460 3,042 (19)% of Rigs (average) 15 14 7% Revenue 52,669…
  9. Annual and Special Meeting of Shareholders – Total Energy Services Inc. – slide 9
    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 2003 2004 2005 2006 2007 2008 2009…
  10. Annual and Special Meeting of Shareholders – Total Energy Services Inc. – slide 10
    Contract Drilling Chinook Drilling (dollar amounts in thousands ) FOCUS DISCIPLINE GROWTH Three months ended March 31 2013 2012 % Change Operating Days (spud to release) 908 903 1% of Rigs (average) 16 15 7% Revenue 18,630…
  11. Annual and Special Meeting of Shareholders – Total Energy Services Inc. – slide 11
    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…
  12. Annual and Special Meeting of Shareholders – Total Energy Services Inc. – slide 12
    Rentals and Transportation Services (dollar amounts in thousands) FOCUS DISCIPLINE GROWTH Twelve months ended Dec 31 2012 2011 % Change Rental Pieces (period end) 9,800 8,800 11% Heavy Trucks (period end) 106 101 5% Average…
  13. Annual and Special Meeting of Shareholders – Total Energy Services Inc. – slide 13
    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 2003 2004 2005 2006 2007 2008 2009…
  14. Annual and Special Meeting of Shareholders – Total Energy Services Inc. – slide 14
    Rentals and Transportation Services Historical Revenue Analysis FOCUS DISCIPLINE GROWTH 100 1,600,000 1,400,000 80 1,200,000 60 1,000,000 40 800,000 600,000 20 400,000 0 200,000 2003 2004 2005 2006 2007 2008 2009 2010…
  15. Annual and Special Meeting of Shareholders – Total Energy Services Inc. – slide 15
    Rentals and Transportation Services (dollar amounts in thousands ) FOCUS DISCIPLINE GROWTH Three months ended March 31 2013 2012 % Change Rental Pieces (period end) 9,900 9,100 9% Heavy Trucks (period end) 106 101 5% Average…
  16. Annual and Special Meeting of Shareholders – Total Energy Services Inc. – slide 16
    Compression and Process Services Bidell Gas Compression and Spectrum Process Systems FOCUS DISCIPLINE GROWTH Leading provider of gas compression and process equipment fabrication, sales, rental and service in Canada and select…
  17. Annual and Special Meeting of Shareholders – Total Energy Services Inc. – slide 17
    Compression and Process Services (dollar amounts in thousands) FOCUS DISCIPLINE GROWTH Twelve Months ended Dec 31 2012 2011 % Change Horsepower on Rent (period end) 31,700 25,300 25% Fabrication Sales Backlog (period end)…
  18. Annual and Special Meeting of Shareholders – Total Energy Services Inc. – slide 18
    Compression and Process Services Historical Revenue Analysis FOCUS DISCIPLINE GROWTH 50 40 30 20 10 0 07 08 09 10 11 12 13 20 20 20 20 20 20 20 Quarterly…
  19. Annual and Special Meeting of Shareholders – Total Energy Services Inc. – slide 19
    Compression and Process Services (dollar amounts in thousands) FOCUS DISCIPLINE GROWTH Three Months ended March 31 2013 2012 % Change Horsepower on Rent (period end) 30,000 25,000 20% Fabrication Sales Backlog (period end)…
  20. Annual and Special Meeting of Shareholders – Total Energy Services Inc. – slide 20
    Consolidated Financial Performance (in thousands of dollars, except per share amounts) FOCUS DISCIPLINE GROWTH Twelve months ended Dec 31 (audited) 2012 2011 % Change Revenue 307,702 332,082 (7)% EBITDA 91,076 122,034 (25)%…
  21. Annual and Special Meeting of Shareholders – Total Energy Services Inc. – slide 21
    Consolidated Financial Performance (in thousands of dollars, except per share amounts) FOCUS DISCIPLINE GROWTH Three months ended March 31 (unaudited) 2013 2012 % Change Revenue 102,911 101,449 1% EBITDA 31,577 40,135 (21)%…
  22. Annual and Special Meeting of Shareholders – Total Energy Services Inc. – slide 22
    Long Term Performance Annual Revenue (in millions of dollars) FOCUS DISCIPLINE GROWTH 350 300 250 200 150 100 50 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
  23. Annual and Special Meeting of Shareholders – Total Energy Services Inc. – slide 23
    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 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 EBITDA Cashflow Net Income
  24. Annual and Special Meeting of Shareholders – Total Energy Services Inc. – slide 24
    Long Term Performance Balance Sheet (in millions of dollars) FOCUS DISCIPLINE GROWTH 600 500 400 300 200 100 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Total Assets Shareholders' Equity LTD
  25. Annual and Special Meeting of Shareholders – Total Energy Services Inc. – slide 25
    2013 Capital Expenditure Budget (in millions of dollars) FOCUS DISCIPLINE GROWTH 32.7 million 2013 capital expenditure budget: 14.0 million acquisition of Opsco Manufacturing (effective Jan 1/13) 10.0 million expansion of the…
  26. Annual and Special Meeting of Shareholders – Total Energy Services Inc. – slide 26
    Operations Infrastructure Exposure to Significant WCSB Resource Plays FOCUS DISCIPLINE GROWTH Fort Nelson Horn River Grande Prairie Slave Point Montney Edmonton Medicine Hat Cardium Calgary Weyburn/Midale Minot, ND…
  27. Annual and Special Meeting of Shareholders – Total Energy Services Inc. – slide 27
    Strong Track Record FOCUS DISCIPLINE GROWTH Proven long-term track record of building sustainable shareholder value: 10 year annual total asset growth rate of 20% 10 year annual EBITDA/share (diluted) growth rate of 37% 10 year…
  28. Annual and Special Meeting of Shareholders – Total Energy Services Inc. – slide 28
    Well Positioned For the Future FOCUS DISCIPLINE GROWTH Well positioned for continued accretive growth that rewards our owners: Operational strength: stable, experienced management and a well established market position in each…
  29. Annual and Special Meeting of Shareholders – 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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