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GHS 100 ENERGY CONFERENCE – Total Energy Services Inc.

Total Energy Services Inc. · Jun 26, 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. GHS 100 ENERGY CONFERENCE – Total Energy Services Inc. – slide 1
    June 26, 2013
  2. GHS 100 ENERGY CONFERENCE – 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. GHS 100 ENERGY CONFERENCE – 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. GHS 100 ENERGY CONFERENCE – Total Energy Services Inc. – slide 4
    Corporate Information FOCUS DISCIPLINE GROWTH Trading Symbols (TSX) Common Shares TOT Convertible Debentures TOT.DB Common Shares Outstanding 30.75 million Options Outstanding (12.00 avg exercise price) 2.7 million 5.75%…
  5. GHS 100 ENERGY CONFERENCE – 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. GHS 100 ENERGY CONFERENCE – 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. GHS 100 ENERGY CONFERENCE – Total Energy Services Inc. – slide 7
    Contract Drilling Services Chinook Drilling FOCUS DISCIPLINE GROWTH Focused on Western Canada (WCSB) 16 rig fleet: 14 telescopic doubles and 2 singles Telescopic doubles used extensively in WCSB horizontal drilling programs…
  8. GHS 100 ENERGY CONFERENCE – 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. GHS 100 ENERGY CONFERENCE – 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. GHS 100 ENERGY CONFERENCE – 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. GHS 100 ENERGY CONFERENCE – 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. GHS 100 ENERGY CONFERENCE – 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. GHS 100 ENERGY CONFERENCE – 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. GHS 100 ENERGY CONFERENCE – 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. GHS 100 ENERGY CONFERENCE – 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. GHS 100 ENERGY CONFERENCE – 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. GHS 100 ENERGY CONFERENCE – 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. GHS 100 ENERGY CONFERENCE – Total Energy Services Inc. – slide 18
    Compression and Process Services Historical Revenue Analysis FOCUS DISCIPLINE GROWTH 50 40 30 20 10 0 007 008 009 010 011 012 013 2 2 2 2 2 2 2 Quarterly Revenue (M) Previous Quarter-End Backlog (M)
  19. GHS 100 ENERGY CONFERENCE – 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. GHS 100 ENERGY CONFERENCE – 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. GHS 100 ENERGY CONFERENCE – 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. GHS 100 ENERGY CONFERENCE – 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. GHS 100 ENERGY CONFERENCE – 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. GHS 100 ENERGY CONFERENCE – 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. GHS 100 ENERGY CONFERENCE – Total Energy Services Inc. – slide 25
    2013 Capital Expenditure Budget (in millions of dollars) FOCUS DISCIPLINE GROWTH 68.6 million 2013 capital expenditure budget: 18.6 million replace/upgrade 260 rental pieces and 11 heavy trucks and add 60 new pieces of rental…
  26. GHS 100 ENERGY CONFERENCE – 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. GHS 100 ENERGY CONFERENCE – 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. GHS 100 ENERGY CONFERENCE – 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. GHS 100 ENERGY CONFERENCE – 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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