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CORPORATE UPDATE – Total Energy Services Inc.

Total Energy Services Inc. · Jul 2, 2012 · 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 July 2012
  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 31.0 million Options Outstanding 2.9 million 5.75% Convertible Debentures…
  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) Gas Compression Services (Bidell Gas Compression)
  6. CORPORATE UPDATE – Total Energy Services Inc. – slide 6
    Contract Drilling Services Chinook Drilling FOCUS DISCIPLINE GROWTH Focused on the Western Canadian Sedimentary Basin (WCSB) 15 rig fleet: 13 telescopic doubles and 2 conventional singles Telescopic doubles used extensively in…
  7. CORPORATE UPDATE – Total Energy Services Inc. – slide 7
    Contract Drilling Chinook Drilling (dollar amounts in thousands ) FOCUS DISCIPLINE GROWTH Twelve months ended Dec 31 2011 2010 % Change Operating Days (spud to release) 3,042 2,714 12% of Rigs (average) 14 14 0% Revenue…
  8. CORPORATE UPDATE – Total Energy Services Inc. – slide 8
    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 2002 2003 2004 2005 2006 2007 2008…
  9. CORPORATE UPDATE – Total Energy Services Inc. – slide 9
    Contract Drilling Chinook Drilling (dollar amounts in thousands ) FOCUS DISCIPLINE GROWTH Three months ended March 31 2012 2011 % Change Operating Days (spud to release) 903 979 (8)% of Rigs (average) 15 14 7% Revenue 21,179…
  10. CORPORATE UPDATE – Total Energy Services Inc. – slide 10
    Rentals and Transportation Services Total Oilfield Rentals FOCUS DISCIPLINE GROWTH Provide equipment and transportation services used in the drilling, completion and production of oil and natural gas wells throughout the WCSB…
  11. CORPORATE UPDATE – Total Energy Services Inc. – slide 11
    Rentals and Transportation Services (dollar amounts in thousands ) FOCUS DISCIPLINE GROWTH Twelve months ended Dec 31 2011 2010 % Change Rental Pieces (period end) 8,800 8,000 10% Heavy Trucks (period end) 101 95 6% Average…
  12. CORPORATE UPDATE – Total Energy Services Inc. – slide 12
    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 2002 2003 2004 2005 2006 2007 2008…
  13. CORPORATE UPDATE – Total Energy Services Inc. – slide 13
    Rentals and Transportation Services (dollar amounts in thousands ) FOCUS DISCIPLINE GROWTH Three months ended March 31 2012 2011 % Change Rental Pieces (period end) 9,100 8,000 14% Heavy Trucks (period end) 101 94 7% Average…
  14. CORPORATE UPDATE – Total Energy Services Inc. – slide 14
    Gas Compression Services FOCUS DISCIPLINE GROWTH Focused on natural gas compression fabrication, sales, rental and service in Canada and select international markets 2 position in the Canadian market 2011: expanded fabrication…
  15. CORPORATE UPDATE – Total Energy Services Inc. – slide 15
    Gas Compression Services (dollar amounts in thousands ) FOCUS DISCIPLINE GROWTH Twelve Months ended Dec 31 2011 2010 % Change Horsepower on Rent (period end) 25,300 21,200 19% Fabrication Sales Backlog (period end) 33,600…
  16. CORPORATE UPDATE – Total Energy Services Inc. – slide 16
    Gas Compression Services Historical Revenue Analysis FOCUS DISCIPLINE GROWTH 50 40 30 20 10 0 07 08 09 10 11 12 20 20 20 20 20 20 Quarterly Revenue (M) Previous…
  17. CORPORATE UPDATE – Total Energy Services Inc. – slide 17
    Gas Compression Services (dollar amounts in thousands ) FOCUS DISCIPLINE GROWTH Three Months ended March 31 2012 2011 % Change Horsepower on Rent (period end) 25,000 21,200 18% Fabrication Sales Backlog (period end) 29,300…
  18. CORPORATE UPDATE – Total Energy Services Inc. – slide 18
    Consolidated Financial Performance (in thousands of dollars, except per share amounts) FOCUS DISCIPLINE GROWTH Twelve months ended Dec 31 (audited) 2011 2010 % Change Revenue 332,082 224,524 48% EBITDA 122,034 67,596 81%…
  19. CORPORATE UPDATE – Total Energy Services Inc. – slide 19
    Consolidated Financial Performance (in thousands of dollars, except per share amounts) FOCUS DISCIPLINE GROWTH Three months ended March 31 (unaudited) 2012 2011 % Change Revenue 101,449 85,105 19% EBITDA 40,135 33,191 21%…
  20. CORPORATE UPDATE – Total Energy Services Inc. – slide 20
    Divisional Revenue Contribution FOCUS DISCIPLINE GROWTH Three months ending Three months ending March 31, 2012 March 31, 2011 21% 21% 49% 52% 30% 27% Total Oilfield Rentals Total Oilfield Rentals Bidell Equipment…
  21. CORPORATE UPDATE – Total Energy Services Inc. – slide 21
    Long Term Performance Annual Revenue (in millions of dollars) FOCUS DISCIPLINE GROWTH 350 300 250 200 150 100 50 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
  22. CORPORATE UPDATE – Total Energy Services Inc. – slide 22
    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 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 EBITDA Cashflow Net Income
  23. CORPORATE UPDATE – Total Energy Services Inc. – slide 23
    Long Term Performance After Tax Return on Average Equity FOCUS DISCIPLINE GROWTH 50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Actual Average
  24. CORPORATE UPDATE – Total Energy Services Inc. – slide 24
    Long Term Performance Balance Sheet (in Millions of Dollars) FOCUS DISCIPLINE GROWTH 500 400 300 200 100 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Total Assets Shareholders' Equity LTD
  25. CORPORATE UPDATE – Total Energy Services Inc. – slide 25
    2012 Capital Expenditure Budget (in millions of dollars) FOCUS DISCIPLINE GROWTH 58.1 million 2012 Cap-ex budget: 18.7 million natural gas compression rental fleet expansion and continued growth of parts & service business 17.2…
  26. CORPORATE UPDATE – Total Energy Services Inc. – slide 26
    2012 Capital Expenditure Budget (in millions of dollars) FOCUS DISCIPLINE GROWTH 16.7 17.2 5.5 18.7 Total Oilfield Rentals Bidell Gas Compression Maintenance and Misc Chinook Drilling
  27. CORPORATE UPDATE – Total Energy Services Inc. – slide 27
    Outlook FOCUS DISCIPLINE GROWTH Oil prices driving WCSB activity Expansion into North Dakota increases exposure to light oil activity Introduction of NOMADTM to Australian market 2nd half of 2012: entering the process equipment…
  28. CORPORATE UPDATE – Total Energy Services Inc. – slide 28
    WCSB Resource Play Exposure FOCUS DISCIPLINE GROWTH Fort Nelson Horn River Grande Prairie Slave Point Montney Edmonton Medicine Hat Cardium Calgary Weyburn/Midale Minot, ND Bakken Rentals and Transportation Services…
  29. CORPORATE UPDATE – Total Energy Services Inc. – slide 29
    FOCUS DISCIPLINE GROWTH For further information about Total Energy Services Inc., contact: Daniel Halyk, President & CEO, phone: (403) 216-3921, email: dhalyktotalenergy.ca or Mark Kearl, VP Finance & CFO phone: (403) 216-3920,…

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