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Investor Presentation – High Arctic Energy Services

High Arctic Energy Services · Jan 1, 2015 · 25 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. Investor Presentation – High Arctic Energy Services – slide 1
    High Arctic Energy Services Corporate Presentation Symbol: HWO
  2. Investor Presentation – High Arctic Energy Services – slide 2
    Investment Highlights Shares outstanding (as at Jan 12, 2015): 55,768,652 Share Price (as at Jan 12, 2015): 3.65 Market Cap : 204 million Net Cash (as at Nov 13, 2014): 46 million Enterprise Value: 157.7 million Trailing 12 Month EBITDA:…
  3. Investor Presentation – High Arctic Energy Services – slide 3
    Locations Grande Prairie Red Deer Calgary Corporate Office Papua New Guinea Canada: Snubbing & Nitrogen Services & Equipment Rentals Brisbane Papua New Guinea: Drilling Services & Equipment Rentals Page 4
  4. Investor Presentation – High Arctic Energy Services – slide 4
    Papua New Guinea Independent, established democracy and a stable business jurisdiction Part of the British Commonwealth with a Parliamentary Government Welcoming to foreign capital and investment No restrictions on repatriation of…
  5. Investor Presentation – High Arctic Energy Services – slide 5
    PNG Opportunity PNG is one of the lowest cost LNG providers in Asia Close proximity to the Asian LNG market Long term demand for energy in Asia continues Over 20 tcf of discovered gas in country, only 9 tcf of which is under…
  6. Investor Presentation – High Arctic Energy Services – slide 6
    PNG LNG development Pnyang : Highlands Hides, Juha, Kutubu Elk/Antelope : Exxon/OSL - Reserves Exxon / OSL Supporting current LNG Plant InterOil, Total, OSL for LNG expansion Reserves for major LNG expansion Forelands :…
  7. Investor Presentation – High Arctic Energy Services – slide 7
    PNG Drilling Services Rig 102 HWO owned Rig is currently stacked Only hydraulic workover rig in PNG Rig 103 leased from OSL Under contract with OSL through June 30, 2016 (three year term) Have twice renewed the 3 year contracts…
  8. Investor Presentation – High Arctic Energy Services – slide 8
    PNG Drilling Services Rig 115 HWO owned AC self-erecting 1500 HP heli-portable triple 2 year drilling services contract with InterOil commencing with spud of first well Targeted spud date Q1 2015 Anticipated annualized revenue of…
  9. Investor Presentation – High Arctic Energy Services – slide 9
    Competitive Drilling Landscape Land Rigs: Nabors Drilling 2 Triples for use in the Hides field departing PNG first half of 2015 Western Drilling modified for limited heli use 1 Rig circa mid 1980s Heli-Portable Rigs: High Arctic 2…
  10. Investor Presentation – High Arctic Energy Services – slide 10
    Dura-Base Matting Approximately 10,000 rental mats in PNG PNG distributor rights The largest rental supplier of Dura-Base mats outside of the USA Possible expansion into similar countries with challenging environments Page 11
  11. Investor Presentation – High Arctic Energy Services – slide 11
    Equipment Rentals Camp services 5 camps contracted HWO operates and manages Two 93 man Heli-portable drilling rig camps Two 32 man Heli-portable leap frog camps (under contract - OSL owned) HWO deployed a new double-deck 104 man…
  12. Investor Presentation – High Arctic Energy Services – slide 12
    PNG Customers Public oil and gas exploration company Public integrated oil and gas company (OSH-A) headquartered in Sydney, Australia (IOC-NYSE) headquartered in Port Market capitalization of 12.7 billion (USD) Moresby & Singapore…
  13. Investor Presentation – High Arctic Energy Services – slide 13
    PNG Revenue Performance Million USD 90 Drilling Revenue 80 Drilling and related services will 70 experience a step change when 60 50 Rig 115 & Rig 116 are deployed. 40 30 New rigs can add 30M of 20 revenue per year per rig with 10 -…
  14. Investor Presentation – High Arctic Energy Services – slide 14
    Canadian Operations What is Snubbing Jointed Pipe Snubbing Snubbing is the use of hydraulic force to push pipe against the snub force created by the well pressure. PIPE Snubbing permits live operations without SLIPS killing the…
  15. Investor Presentation – High Arctic Energy Services – slide 15
    Snubbing Growth Opportunities LNG plant approvals will drive demand for natural gas feedstock High Arctic is well positioned to provide the needed completion services for these wells to our existing clients. These wells will…
  16. Investor Presentation – High Arctic Energy Services – slide 16
    Canadian Snubbing Services 15 Stand Alone & 3 Rig Assist Units Currently marketing 12 units 9 month 2014 YTD utilization 44% Page 17
  17. Investor Presentation – High Arctic Energy Services – slide 17
    Canadian Nitrogen Services 11 Low Rate Nitrogen Pumpers Applications: Snubbing Support; Wellbore displacements Well head pressure testing Underbalanced milling & drilling Other Completions work; 5 Nitrogen Transports Nitrified…
  18. Investor Presentation – High Arctic Energy Services – slide 18
    Canadian Equipment Rentals 15 K BOP packages; Double gate BOPs Single gate BOPs Blind shear rams High temp pipe rams 10 K BOP packages; Double gate BOPs Single gate BOPs Blind shear rams High temp pipe rams Boilers Pumps…
  19. Investor Presentation – High Arctic Energy Services – slide 19
    Canadian Revenue Performance 50 Millions 45 40 35 30 Rentals 25 N2 Snubbing 20 15 10 5 - 2009 2010 2011 2012 2013 9 months 2014 Page 20
  20. Investor Presentation – High Arctic Energy Services – slide 20
    Dividend History Payout Ratio 0.018 Approx. 26% Payout Ratio 0.017 Approx. 24% 0.016 0.015 Payout Ratio Monthly Dividend Approx. 22% 0.014 0.013 Payout Ratio 0.012 Approx. 18% 0.011 Monthly Dividend 0.010 0.009…
  21. Investor Presentation – High Arctic Energy Services – slide 21
    Historical Financial Summary Financial Performance TTM (in CDN millions) Dec, 2012 Mar, 2013 Jun, 2013 Sep, 2013 Dec, 2013 Mar, 2014 Jun, 2014 Sep, 2014 CDN Revenue 47.2 43.4 43.5 38.9 40.8 40.9 44.3 45.6 PNG Revenue 99.0 105.4 108.6…
  22. Investor Presentation – High Arctic Energy Services – slide 22
    Appendix A Executive Management Tim Braun, CEO Tim Braun joined High Arctic in July 2014 as Chief Executive Officer. Mr Braun has over 33 years of oilfield services sector experience primarily with several large drilling contractors.…
  23. Investor Presentation – High Arctic Energy Services – slide 23
    Appendix A Executive Management Daniel Beaulieu, COO Canadian Operations Mr. Beaulieu joined High Arctic in January 2012 as Vice President of Canadian Operations. Prior to joining High Arctic, he held the position of region business…
  24. Investor Presentation – High Arctic Energy Services – slide 24
    Appendix B - Directors Michael Binnion, Chairman President and CEO of Questerre Energy Corporation (QEC-T) Daniel Bordessa, Independent Partner, Cyrus Capital Partners LP and Managing Director, Cyrus Capital Partners Europe Thomas…
  25. Investor Presentation – High Arctic Energy Services – slide 25
    Contact Info High Arctic Energy Services Inc. 444 5th Avenue SW, Suite 2010 Calgary, AB Canada T2P 2T8 Website: www.haes.ca Tim Braun, CEO Ken Olson, CFO Ph: (403) 340-9825 Ph: (403) 340-9825 Email: tim.braunhaes.ca Email:…

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