Ensign Energy Services Inc. · TSX:ESI
Ensign Energy Services — Investor Presentation (May 2010)
33 slides from Ensign Energy Services's investor presentation, May 2010
Slide 1: Corporate Presentation
Corporate Presentation May 2010 “Performance Excellence – Second to None” “Performance Excellence – Second to None”
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements based upon current expectations that involve a number of business risks and uncertainties. The factors that could cause results to differ materially include, but are not limited to, national and economic conditions, foreign exchange ra
Slide 3: Agenda
Agenda CORPORATE PROFILE WORLDWIDE ASSET SUMMARY KEY DRIVERS FINANCIAL OVERVIEW “Performance Excellence – Second to None”
Slide 4: Global Reach. Local Focus
Global Reach. Local Focus “Companies that bring forward cost cutting solutions for their clients are those that will flourish!” “Performance Excellence – Second to None”
Slide 5: Current Operations
Current Operations Canada United States UAE Thailand Mexico Venezuela Libya Oman Gabon Australia Argentina New Zealand “Performance Excellence – Second to None”
Slide 6: Worldwide Asset Summary – by Region
Worldwide Asset Summary – by Region • Drill Rigs 174 • Service Rigs 112 • Production Testing Units 49 • Wireline Units 64 • UB / MPD Units 18 • Rental Division • Manufacturing “Performance Excellence – Second to None”
Slide 7: Worldwide Asset Summary – by Region
Worldwide Asset Summary – by Region United States • Drill Rigs 80 • Service Rigs 18 • Production Testing Units 24 • Directional Drilling Services “Performance Excellence – Second to None”
Slide 8: Worldwide Asset Summary – by Region
Worldwide Asset Summary – by Region Mexico • Drill Rigs 6 Venezuela • Drill Rigs 8 • Workover Rigs 1 Argentina • Drill Rigs 7 • Workover Rigs 3 “Performance Excellence – Second to None”
Slide 9: Worldwide Asset Summary – by Region
Worldwide Asset Summary – by Region Libya • Drill Rigs 5 Middle East • Drill Rigs 9 Gabon • Drill Rigs 1 “Performance Excellence – Second to None”
Slide 10: Worldwide Asset Summary – by Region
Worldwide Asset Summary – by Region Thailand • Drill Rigs 2 Australia • Drill Rigs 12 • Workover Rigs 2 New Zealand • Drill Rig 1 • Workover Rigs 1 “Performance Excellence – Second to None”
Slide 11: Drilling Rigs by Area
Drilling Rigs by Area 174 51 80 Canada United States International “Performance Excellence – Second to None”
Slide 12: Drilling Rigs by Horsepower - Worldwide
Drilling Rigs by Horsepower - Worldwide Includes oilsands coring/coalbed methane rigs 180 170 Rigs 160 140 120 99 Rigs 100 80 60 40 36 Rigs 59 ADR’s 20 18 ADR’s 2 ADR’s 0 +/- 700HP +/- 1000HP +/- 1500HP “Performance Excellence – Second to None”
Slide 13: Service Rigs by Area
Service Rigs by Area 112 7 18 Canada United States International “Performance Excellence – Second to None”
Slide 14: Other Oilfield Services In Ensign’s World
Other Oilfield Services In Ensign’s World OILFIELD RENTALS UB/MPD PRODUCTION TESTING CORE RIGS D.D. SERVICES MANUFACTURING TRANSPORTATION WIRELINE “Performance Excellence – Second to None”
Slide 15: Key Drivers
Key Drivers D I F F E R E N T I AT E T H R O U G H : “Performance Excellence – Second to None”
Slide 16: Engineering, Procurement & Construction
Engineering, Procurement & Construction • In-house engineering expertise • In-house construction and procurement management provides “wholesale” rig costs • Worldwide rig up capability “Performance Excellence – Second to None”
Slide 17: “Performance Excellence – Second to None”
“Performance Excellence – Second to None”
Slide 18: “Performance Excellence – Second to None”
“Performance Excellence – Second to None”
Slide 19: “Performance Excellence – Second to None”
“Performance Excellence – Second to None”
Slide 20: “Performance Excellence – Second to None”
“Performance Excellence – Second to None”
Slide 21: Depth Capacity
- Depth Capacity 500 HP 3,000` 6,000` 10,000` 15,000` 1500 HP 20,000` “Performance Excellence – Second to None”
Slide 22: Active in Resource Plays
Active in Resource Plays Horn River Montney Bakken Jonah Marcellus Piceance Haynesville “Performance Excellence – Second to None”
Slide 23: Ensign is positioned globally as a resource-play solution provider
Ensign is positioned globally as a resource-play solution provider. Our goal is to drive well costs down thru efficiency. “Performance Excellence – Second to None”
Slide 24: Safety Awareness – Injury Frequency
Safety Awareness M Manhours LTI Freq TRI Freq 10 18 9.09 9 16 Injury Frequency (200,000 man hours) 8 14 7.09 7.13 7 12 6 5.57 Man Hours 10 5 4.65 4.13 8 4 6 3 2.47 2 4 1.46 1.36 1.23 1.14 0.86 0.73 2 1 0.45 0 0 2003 2004 2005 2006 2007 2008 2009 “Performance Excellence – Second to None”
Slide 25: Trading Data
Trading Data • TSX: ESI • Common shares outstanding 153.2 million • Market capitalization $2.1 billion • Dividends • 2005 $0.1700 per share • 2006 $0.2800 per share • 2007 $0.3225 per share • 2008 $0.3325 per share • 2009 $0.3425 per share • 2010e $0.3500 per share “Performance Excellence – Second t
Slide 26: Debt to Equity
Debt to Equity $ millions, years ended December 31 1750 Debt 1500 Equity 1250 1000 750 500 250 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 “Performance Excellence – Second to None”
Slide 27: Revenue – Geographic Segmentation
Revenue – Geographic Segmentation Year ended December 31, 2008 Year ended December 31, 2009 44% 37% Canada Canada 19% United States 27% United States 37% 36% International International “Performance Excellence – Second to None”
Slide 28: Revenue
Revenue $ millions, years ended December 31 2400 2100 1800 1500 1200 900 600 300 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010e* * Estimate based on range of analysts forecasts “Performance Excellence – Second to None”
Slide 29: Income
Income $ millions, years ended December 31 350 300 250 200 150 100 50 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010e* $ per share 0.69 0.35 0.66 0.79 1.12 2.25 1.64 1.70 0.82 0.64 -0.90 * Estimate based on range of analysts forecasts “Performance Excellence – Second to None”
Slide 30: Return on Equity
Return on Equity Percent, years ended December 31 40 30 20 10 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010e* * Estimate based on range of analysts forecasts “Performance Excellence – Second to None”
Slide 31: Q1 Financial Summary
Q1 Financial Summary $ millions, except per share data Three months ended March 31 % 2010 2009 Change Revenue 352.8 400.4 (12) EBITDA 94.9 128.4 (26) Income 40.0 72.7 (45) Per share $0.26 $0.47 (45) Cash flow 87.3 82.0 6 Per share $0.57 $0.54 6 Dividends per share $0.0875 $0.0850 3 Capital expenditu
Slide 32: Future Growth Strategy
Future Growth Strategy • Continued consolidation • Continued organic expansion • Differentiate with technology and operational excellence • Investigate new geographic markets “Performance Excellence – Second to None”
Slide 33: www.ensignenergy.com
www.ensignenergy.com “Performance Excellence – Second to None” “Performance Excellence – Second to None”
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