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NABORS COMPLETION AND PRODUCTION BUSINESSES – C&J Energy Services Inc.

C&J Energy Services Inc. · Jun 25, 2014 · 17 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. NABORS COMPLETION AND PRODUCTION BUSINESSES – C&J Energy Services Inc. – slide 1
    Combination of C&J Energy Services with Nabors Completion and Production Businesses June 25, 2014 C&J Energy Services, Inc. 2014
  2. NABORS COMPLETION AND PRODUCTION BUSINESSES – C&J Energy Services Inc. – slide 2
    A Powerful Combination of Complementary Businesses Pro Forma Completion & Production Services The combination of C&J Energy and Nabors Completion & Production Businesses creates the 5th largest completion and production services…
  3. NABORS COMPLETION AND PRODUCTION BUSINESSES – C&J Energy Services Inc. – slide 3
    The Combined Company Vertically Integrated & Other Services Equipment Manufacturing Completion Services Specialty Chemicals Production Services Hydraulic Fracturing Downhole Tools & Fluids Management Coiled Tubing Directional…
  4. NABORS COMPLETION AND PRODUCTION BUSINESSES – C&J Energy Services Inc. – slide 4
    Compelling Financial Benefits for Shareholders of Both Companies Transaction expected to be accretive to C&J Energy's cash earnings for the first full year of combined operations Annual run-rate synergies of more than 100 million…
  5. NABORS COMPLETION AND PRODUCTION BUSINESSES – C&J Energy Services Inc. – slide 5
    Acceleration of Long-Term Growth Strategy Ability to capitalize on attractive market dynamics and improved activity levels in completions Diversifies product and service offerings to serve customers better Combination strengthens…
  6. NABORS COMPLETION AND PRODUCTION BUSINESSES – C&J Energy Services Inc. – slide 6
    A Combination of Two Premium Oilfield Service Providers Completion & Production Services Premium, best-in-class completion Diversified provider of completion services provider and production services Superior track record and…
  7. NABORS COMPLETION AND PRODUCTION BUSINESSES – C&J Energy Services Inc. – slide 7
    Transaction Overview C&J to combine with Nabors Completion & Production Services (New C&J) in the US and Canada in stock for stock transaction C&J stockholders to receive one share of New C&J common stock for each share Transaction…
  8. NABORS COMPLETION AND PRODUCTION BUSINESSES – C&J Energy Services Inc. – slide 8
    Transaction Structure C&J Nabors Shareholders 53% Ownership 940 Million Cash 47% Ownership C&J + Nabors Completion Lenders 3rd Party Debt & Production 1.3 Billion Merger C&J Energy Services, Inc. 2014 10
  9. NABORS COMPLETION AND PRODUCTION BUSINESSES – C&J Energy Services Inc. – slide 9
    Financial Profile Comparison LTM as of 3/31/14 Completion & (mm) Production Services Revenue 1,111 2,073 EBITDA 175 322 % EBITDA Margin 15.7% 15.5% Capex 178 324 (1) Total Assets 1,132 2,395 Source: Public filings. (1) As…
  10. NABORS COMPLETION AND PRODUCTION BUSINESSES – C&J Energy Services Inc. – slide 10
    Pro Forma C&J Energy Outlook 2015E Revenue 4.0 - 4.4 billion 2015E EBITDA margin upper teens Long term EBITDA margin of 20%+ with full run rate synergies Anticipating reduction in capex during initial phases of integration C&J…
  11. NABORS COMPLETION AND PRODUCTION BUSINESSES – C&J Energy Services Inc. – slide 11
    Capital Structure and Liquidity Estimated Total Debt at Closing 1.3 billion Estimated Leverage at Closing 2.2x Generation of free cash flow will allow C&J Energy to de-lever its balance sheet following the transaction Cost…
  12. NABORS COMPLETION AND PRODUCTION BUSINESSES – C&J Energy Services Inc. – slide 12
    Experienced and Proven Leadership Josh Comstock, Larry Heidt, Chairman and President, Chief Executive Officer, Nabors Completion and C&J Energy Services Production Services Randy McMullen, Ronnie Witherspoon, President and Chief…
  13. NABORS COMPLETION AND PRODUCTION BUSINESSES – C&J Energy Services Inc. – slide 13
    Completion Services Overview Completion Services Combined HHP (000) 340+ 800+ 1,150+ Wireline Trucks(1) 77 30+ 100+ Coiled Tubing Units(1) 23 15 38 Cementing Units(1) -- 70+ 70+ Extends pressure pumping capabilities to prolific…
  14. NABORS COMPLETION AND PRODUCTION BUSINESSES – C&J Energy Services Inc. – slide 14
    Production Services Overview Production Services U.S. Canada Total Workover Rigs 518 165 683 Fluid Trucks 1,483 1,483 Frac Tanks 5,266 5,266 Salt Water Disposal Facilities 29 29 (1) Attractive and growing industry estimated to be 6.0…
  15. NABORS COMPLETION AND PRODUCTION BUSINESSES – C&J Energy Services Inc. – slide 15
    Combination Broadens Reach to Most of the Major US Basins and Canada Nabors Completion & Production Facilities Nabors Completion & Production SWDs C&J Facilities C&J Energy Services, Inc. 2014 17
  16. NABORS COMPLETION AND PRODUCTION BUSINESSES – C&J Energy Services Inc. – slide 16
    One of the Largest Independent Service Providers in North America 2013 EBITDA (MM) 1,076 190%+ Increase 556 491 255 221 189 173 167 61 SPN Pro Forma RES KEG BAS C&J CFW TCW ESN C&J Source: Company filings. C&J…
  17. NABORS COMPLETION AND PRODUCTION BUSINESSES – C&J Energy Services Inc. – slide 17
    A Powerful Combination Bringing together complementary portfolios to create an industry leader Meaningful financial benefits that will drive shareholder value and future growth Strongly positioned to capitalize on industry trends…

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