Barclays CEO Energy-Power Conference September 3, 2014 C&J Energy Services, Inc. 2014
C&J Energy Services Diversified provider of premium, technologically-advanced completion services Fracturing fleets provide customized stimulation services Hydraulic Engineering teams offer extensive front-end technical evaluation…
Operational Model Drives Best-In-Class Performance Operating efficiencies capitalize on targeted opportunities Target high volume, high efficiency customers who recognize that the value that C&J provides through efficiency gains…
C&J Milestones July 29, 2011 Began trading on December 2, 2013 the NYSE with Acquired Data ticker symbol Control CJES June 28, 2012 Formed a specialty Manufacturing capabilities with the Combined chemicals group, acquisition…
Overview of Nabors Transaction C&J Energy Services, Inc. 2014
The Combined Company Vertically Integrated & Other Services Equipment Manufacturing Completion Services Specialty Chemicals Production Services Hydraulic Fracturing Downhole Tools & Fluids Management Coiled Tubing Directional…
A Powerful Combination of Complementary Businesses Pro Forma Completion & Production Services The combination of C&J Energy and Nabors Completion & Production Services Businesses creates the 5th largest completion and production…
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…
Strategic Rationale Creates a leading diversified completion and production service provider Creates Leading Fifth largest completion services provider with 1.1 million HHP, over 30 coiled tubing units and over 100 wireline trucks…
Acceleration of Long-Term Growth Strategy Greater ability to capitalize on attractive market dynamics and improved activity levels in completions Diversifies product and service offerings to serve customers better Strengthens…
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…
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 14
Transaction Overview C&J Energy to combine with Nabors Completion & Production Services businesses in US and Canada in stock-for-stock transaction (creating New C&J) C&J Energy stockholders to receive one share of New C&J common stock…
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 16
Financial Profile Comparison LTM as of 6/30/14 Completion & (mm) Production Services Revenue 1,212 2,110 Adjusted EBITDA 175(1) 327(2) % Adjusted EBITDA Margin 14.4% 15.4% Capex 222 310 Total Assets(3) 1,383 2,395 Source:…
Pro Forma C&J Energy Outlook 2015E Revenue 4.1 - 4.5 billion 2015E Adjusted EBITDA(1) margin of 19% Long term Adjusted EBITDA(1) margin of 20%+ with full run rate synergies Anticipating reduction in capex during initial phases of…
Capital Structure and Liquidity Estimated Total Debt at Closing 1.3 billion Estimated Debt/TTM Adjusted EBITDA(1) at Closing 2.3x Generation of free cash flow will allow C&J Energy to de-lever its balance sheet following closing of…
Experienced and Proven Leadership Josh Comstock, Larry Heidt, Chairman and President, Chief Executive Officer, Production Services C&J Energy Services Randy McMullen, Ronnie Witherspoon, President and Chief Financial Executive…
Appendix C&J Energy Services, Inc. 2014
C&J Financials 5 Year Income Statement Year Ended December 31, ( i n thous a nds , except per s ha re a mounts ) 2010 2011 2012 2013 YTD 6/30/14 Statement of Operations Data (Una udi ted) Revenue 244,157 758,454 1,111,501 1,070,322…
C&J Financials 5 Year Cash Flow Statement Year Ended December 31, ( in thousands) 2010 2011 2012 2013 YTD 6/30/14 Cash Flow Data (Unaudited) Capital expenditures 44,473 140,723 182,179 157,987 138,816 Cash flow provided by (used…
C&J Financials 5 Year Balance Sheet Year Ended December 31, ( in thousands) 2010 2011 2012 2013 6/30/2014 (Una udi ted) Cash and Cash Equivalents 2,817 46,780 14,442 14,414 19,315 Accounts Receivable, Net 44,354 122,169 166,517…
C&J Financials EBITDA and Adjusted EBITDA(1) Reconciliation Year Ended December 31, YTD LTM ( in thousands) 2010 2011 2012 2013 6/30/14 6/30/14 (Unaudited) (Unaudited) Net income (loss) 32,272 161,979 182,350 66,405 22,696 43,110…
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