High Arctic Energy Services Inc · TSX:HWO
High Arctic Energy Services — Investor Presentation (August 2022)
16 slides from High Arctic Energy Services's investor presentation, August 2022
Slide 1: August 2022 Investor Presentation
haes.ca August 2022 Investor Presentation TSX : HWO NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW
Slide 2: Presentation Outline
PRESENTATION OUTLINE haes.ca Vision | Mission | Values “Divestment of High Arctic’s Canadian Production Services allows our High Arctic Overview management to streamline and develop a Geographic Markets | Service Capability longer-term strategy for the remaining Papua New Guinea (“PNG”) Canadian bus
Slide 3: Vision, Mission, Values
with a relentless focus on quality, be recognized haes.ca VISION as a trusted provider of energy services providing services that unlock sustainable, reliable MISSION and affordable energy in demanding locations People we care for our people VALUES Community we respect the people, cultures and place
Slide 4: High Arctic Overview
HIGH ARCTIC OVERVIEW haes.ca High Arctic Energy Services is a tier one well site services provider to the leading exploration and production companies in Papua New Guinea and Canada PA P U A N E W G U I N E A ( P N G ) LNG Sector Drilling Services Dominant market position, long term contracts Provid
Slide 5: PNG - Business Environment LNG
PNG - BUSINESS ENVIRONMENT LNG haes.ca One of the world’s great emerging markets ▪ Part of the British Commonwealth with a parliamentary democracy ▪ Natural Resources is primary GDP contributor ▪ Low-cost reliable source of LNG to Asian markets ▪ Positioned on the Ring-of-fire - untapped geothermal
Slide 6: PNG - Development of LNG
PNG - DEVELOPMENT OF LNG haes.ca PNG’S LEADING EXPORT PNG LNG ▪ De-risked PNG for major capital projects ▪ ExxonMobil is the operator, Santos is largest stakeholder ▪ Completed 2014 ▪ 9.0 tcf of natural gas ▪ 200+ million bbls of associated liquids over 30 Years ▪ 1.0 bcf/d Capacity – 2 trains ▪ P’n
Slide 7: High Arctic's World Class Operation
HIGH ARCTIC’S WORLD CLASS OPERATION haes.ca PNG - one of the most challenging places on earth H i g h A rc t i c R i g s • Rig 115 and Rig 116 • Tier – 1, 1500 HP, 750,000 lbs hookload • Highly versatile – road, light helicopter, heavy helicopter • Ideal exploration and appraisal workhorses • Rig 10
Slide 8: PNG Ancillary Services
PNG ANCILLARY SERVICES haes.ca MORE THAN DRILLING Rental Equipment Worksite Matting Camp Services ▪ Cranes (ranging from 30 ton to 160 ton) ▪ Inventory exceeding 5,000 rental mats ▪ Own and manage two 103 bed Heli- ▪ Rig moving trucks, Forklifts and other ▪ Game changing productivity portable camps
Slide 9: Canada: Servicing the Energy Industry
CANADA SERVICING THE ENERGY INDUSTRY haes.ca HAES Rental Services Partnerships ▪ Leading provider of pressure control equipment ▪ Customers include contractors and energy companies We choose partners who share our values and bring market differentiation Team Snubbing Services Inc. Nitrogen Supply an
Slide 10: The High Arctic Quality Difference
THE HIGH ARCTIC QUALITY DIFFERENCE haes.ca Relentless Focus on Quality Underpins Everything we do ➢ Winner of IADC–AC Safety Statistics Award 2015, 2017, 2018, 2019 ➢ 6 Years Recordable Incident Free operations PNG ➢ 3 Million Recordable Incident Free Work Hours ➢ Nitrogen over 5 Years Recordable In
Slide 11: 2022 Strategic Priorities
2022 STRATEGIC PRIORITIES haes.ca Production Services divestment and renewed focus on PNG delivers on our established priorities Safety excellence and quality service delivery Actions aimed at generating free cash flow: Increased utilization of the Corporation’s world-class fleet of equipment Improv
Slide 12: Returns to Shareholders
RETURNS TO SHAREHOLDERS haes.ca Historically driven by PNG business activity $0.25 Distributions per share ($) $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.17 $0.19 $0.15 $0.15 $0.12 $0.10 $0.10 $0.10 $0.07 $0.05 $0.03 $0.02 $0.02 $0.01 $0.00 $0.01 $- 2012 2013 2014 2015 2016 2017 2018 2019 2020 202
Slide 13: Financial Results
FINANCIAL RESULTS haes.ca 2022 2021 2020 $ millions 6 Months 12 Months 12 Months (except per share amounts) to Jun 30 to Dec 31 to Dec 31 Consolidated Revenue 54.4 76.4 90.8 Canada 33.9 61.6 59.2 US - - 2.9 PNG 20.5 14.8 28.7 Adjusted EBITDA (1) 6.0 4.9 8.5 Adjusted EBITDA (1) as % revenue 11% 6% 9%
Slide 14: Corporate Profile
CORPORATE PROFILE haes.ca TSX : HWO Shares Outstanding (Aug 11, 2022): 48.7 million Shareholder Composition Share Price (Aug 11, 2022): $1.58 Market Cap (Aug 11, 2022): $77.0 million Monthly Dividend (Recommenced in May 2022): $0.005 (3.8% annualized yield) 1 Working Capital (Jun 30, 2022): $27.5 mi
Slide 15: Disclaimer & Notice of Forward Looking Statements
DISCLAIMER haes.ca & N O T I C E O F F O R WA R D L O O K I N G S TAT E M E N T S While every effort is made to provide accurate and complete information, High Arctic Energy Services Inc. does not warrant that the information in this presentation is free from errors or omissions or is suitable for i
Slide 16: Contact Us
CONTACT US TSX : HWO haes.ca P R I M A R Y C O N TA C T BOARD OF DIRECTORS Lance Mierendorf Chief Financial Officer Ph: +1 403.508.7836 Michael Binnion – Board Chair Simon Batcup [email protected] Daniel Bordessa Joseph Oliver HEAD OFFICE Ember Shmitt Doug Strong Suite 2350 - 330 5th Ave, SW Calgary, AB
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