Overview of TerraVest Capital Inc. TerraVest Capital Inc. (TerraVest or the Company) currently consists of four primary operating subsidiaries: TerraVest Capital Inc. Diamond Gestion RJV Gas Field NWP Energy Jerico Services…
Executive Management Team Mr. Pellerin is the acting Executive Chairman of TerraVest and Gestion Jerico Inc. (Gestion Jerico) where he is responsible for overall operations as well as contributing to the execution on specific tasks…
Executive Management Team (contd) Mr. Gering is the founder of the predecessor Company to Diamond Energy Services LP (Diamond) and currently acts as the President and CEO of Diamond Butch Gering Diamond Energy Mr. Gering is…
TerraVest Capital Inc. Strategy TerraVest Capital Inc. is focused on creating value through: 1. Increasing operational efficiencies within its existing operating subsidiaries; 2. Identifying organic opportunities to expedite growth;…
Company History The existing shareholders of TerraVest spent 4 years disposing of underperforming assets and replacing them with stronger, more synergistic, assets; ultimately creating a high cash flow producing entity with multiple…
Achievements in 2014 2014 was a strong year for TerraVest: 1. Record EBITDA in the fourth quarter and fiscal year end in excess of 8.5 million and 23.0 million respectively; Had the Company owned its two acquisitions for the entire…
Objectives for 2015 1. Continue to drive organic growth in all of TerraVests subsidiary companies 2. Enhance operational efficiencies between RJV, NWP and Gestion Jerico so that best practices are leveraged at each of the operating…
Transformation and Growth Cash Available for Distributions has increased and the Companys payout ratio is at a record low Two transactions were completed in 2014, both accretive to distributable cash (1),(2) TerraVest Financial…
Strong Base of Distributable Cash With the acquisition of Gestion Jerico and NWP, TerraVest will have pro-forma EBITDA of approximately 32.0 to 33.0 million, a dividend yield of 6.6%(1) and a payout ratio of 43.0% TerraVest defines…
Attractive Pro-Forma Trading Valuation 3-Year Share Price Performance Pro Forma Capitalization and Valuation(1) Share Price (C) Volume (000s of Shares) Share Price 5.65 8.00 5-Aug-14 1400 Announced 52-Week High 6.69 acquisition of…
Acquisition Metrics and Pro Forma TerraVest Ownership Jerico NWP(1) Pro-Forma Ownership in TerraVest Capital Purchase 12.6MM Holder Shares % Owned 53.8MM Price Clarke 5,000,000 27.6% Laniuk 4,016,872 22.2% EBITDA 11.5MM 2.9MM…
Gestion Jerico Overview of Gestion Jerico Gestion Jerico is a high quality manufacturer Proven Ability to Grow and Integrate (1),(2).(3) of items such as propane dispensers, pressure 14 (C millions) Jerico EBITDA 13.0 60.00%…
Gestion Jerico Gestion Jerico - Operations Propane Related Products Commercial Tanks Home Heating Products 40% of Jerico EBITDA 25% of Jerico EBITDA 35% of Jerico EBITDA Manufacturer of items such as Manufacturer of underground…
A Fragmented Industry Ripe For Consolidation Gestion Jericos management team has a consolidation mindset and has integrated 3 acquisitions in the last 2 years and 7 in the last 4 years Gestion Jericos access to competitively priced…
Gestion Jerico Investment Highlights Operational Benefits with RJV and NWP Gestion Jerico will take up manufacturing and welding capacity (on a cost efficient basis) for certain oil separator components currently produced at RJV and…
Overview of NWP Located in Innisfail, AB, NWP is a leading Financial Performance (1) provider of wellhead processing equipment 4 millions) (C EBITDA EBTIDA Margin 14% for the Canadian O&G industry 3.5 For the 12 months ended…
NWP - Strong Growth Opportunities Organic growth by way of improved operating margins and additional geographic markets NWPs management team has identified a number of areas where it can leverage both RJV and Gestion Jericos best…
NWP Investment Highlights Strong asset with excellent cash flow potential and a customer base of major O&G producers NWPs products are shipped to liquid rich formations and there is no exposure to the Canadian Oil Sands Opportunity…
Overview of RJV Located in Vegreville, AB, RJV is a leading Financial Performance (1),(2) provider of wellhead processing equipment (C millions) EBITDA EBTIDA Margin 50% 13 for the Canadian O&G industry 45% 11 40% 9.4…
RJV - Strong Growth Opportunities Organic growth by way of improved operating margins and reduced working capital TerraVest management has identified a number of opportunities to improve inventory controls and billing procedures that…
RJV Investment Highlights Strong cash flow producing asset with a long-term customer base of major O&G producers RJVs products are shipped to liquid rich formations and there is no exposure to the Canadian Oil Sands Operational…
Overview of Diamond Diamond is the largest service rig provider in Financial Performance (1),(2) the South Western Saskatchewan/Shaunavon 10 (C millions) EBITDA EBTIDA Margin 50% medium oil play 9 45% 8 7.6 7.8 40% 7.0…
Diamond - Growth Opportunities Diamonds operating performance continues to be stable, despite recent cut backs by a major customer Maintaining production levels requires that rigs be serviced in a timely manner, in particular when…
Diamond Investment Highlights Requirement by O&G producers to maintain existing production is driving activity at Diamond Maintaining production levels requires that rigs be serviced in a timely manner, in particular when drilling…
TerraVest Value Proposition Attractive Dividend Yield Low Payout Ratio Organic Growth Opportunities Driven by Operational Streamlining between Subsidiaries, Leveraging NWPs Sales Force and New Geographic Territories…
Appendix Comparable Company Analysis
Comparable Companies Analysis Market EV / EBITDA Dividend Company EV Description Cap. CY2015(1) Yield Oil & Gas Services McCoy Global Inc. 116 84 4.0x 4.8% Provides equipment, services, and replacement components for the energy…
Loading...
