CATHEDRAL ENERGY SERVICES LTD. AltaCorp / ATB Institutional Investor Conference January 13-15, 2015 1
COMPANY OVERVIEW PERFORMANCE DRIVEN / SERVICE ORIENTED / INNOVATION FOCUSED DIRECTIONAL & HORIZONTAL DRILLING FLOWBACK & PRODUCTION TESTING Operating in Canada and United States Cathedral Energy Services is a trusted partner…
STRATEGIC POSITIONING Cathedral is strategically positioned to capitalize on opportunities in the Western Canadian Sedimentary Basin BC Montney basin is a leading gas play; Cathedral is one of few expected LNG with an operating…
STRATEGIC POSITIONING ...as well as key conventional and unconventional plays throughout the United States Bakken Marcellus / Utica Powder River DJ / Niobrara Woodford / Mississippian Lime Marcellus / Utica have good…
DIRECTIONAL & HORIZONTAL DRILLING Why our customers choose Cathedral Reduced drilling time Higher rates of penetration Reduced failures Selection of equipment Team depth and experience Solutions for challenging environments…
FLOWBACK & PRODUCTION TESTING Why our customers choose Cathedral Equipment suited to their needs High pressure testing services Critical sour services Inline testing / green completions Safety and environment performance Team…
COMPANY SNAPSHOT TSX: CET (as of January 8, 2015) Market statistics Market value 89 million Enterprise value 148 million Recent share price 2.45 52 week high / low (5/26/14 12/15/14) 5.11 / 2.27 Shares outstanding (basic) 36.3…
FINANCIAL PERFORMANCE - ANNUAL Revenue (in C millions) Revenue by Geographic Area (in C millions) 300 2013 - 225M 250 273 248 11 225 5% 200 203 Canada 150 100 44% U.S. 100 114 50 51% International 0 2012 A 2013 A 2014 E1 2015…
FINANCIAL PERFORMANCE - YTD Revenue (in C millions) Revenue by Geographic Area (in C millions) 2014 YTD - 202.2 250 200 202.2 150 159.4 Canada 107.4 94.8 100 47% 53% U.S. 77.4 50 59.7 0 2013 Q3 2014 Q3 2013 Q3 2014 Q3 YTD…
BALANCE SHEET HIGHLIGHTS (in C millions) Sept 30, 2014 Dec 31, 2013 Working capital 39 26 Total assets 244 205 Long term debt 59 38 Total shareholders equity 128 127 Credit facility: Total facility 85 75 Drawn 64 48 Available…
CURRENT PRIORITIES Positioning company in lower energy price environment Increasing market share in both operating divisions and geographic areas Enhancing profitability Continued investment in development of proprietary…
SUMMARY Leading provider of directional and horizontal drilling and flowback and production testing services Exposure to Canada and U.S. Technological competitive advantage and commitment to ongoing innovation Experienced…
THANK YOU 14
Appendix 1 MANAGEMENT TEAM P. Scott MacFarlane with CET Randy Pustanyk with CET President and CEO since 2001 Executive Vice President & COO since 1998 Appointed President and CEO in December 2013 Co-founder, Cathedral Energy…
Appendix 2 BOARD OF DIRECTORS Rod Maxwell Director Scott Sarjeant Director Chairman since 2000 Director since 2003 Managing Director, StoneBridge Merchant Capital Inc. President and Chief Executive Officer, Premiax Financial Corp.…
Appendix 3 DIRECTIONAL & HORIZONTAL DRILLING Market: The majority of wells drilled today are horizontal or directional: U.S. 80% Canada 92% Horizontal drilling allows E&P companies to gain a much greater access to the target…
Appendix 3 DIRECTIONAL & HORIZONTAL DRILLING Bottom Hole Assembly MWD/LWD Mud motor Drill bit Sliding Rotating 18
Appendix 4 FLOWBACK & PRODUCTION TESTING Market: Flowback services are a key aspect in the well fracing operation Capture and separate frac fluids and sand, water, oil and gas returned to the surface when the well is being…
Appendix 4 FLOWBACK & PRODUCTION TESTING Junk Storage Well Head Separators Flare Stacks Catchers Tanks Pipe Flow Lines Trailers 20
Loading...
