Act Energy Technologies Ltd. · TSX:ACX
Act Energy Technologies — Cathedral Energy Services — Investor Presentation (March 2024)
11 slides from Act Energy Technologies's investor presentation, March 2024
Slide 1: March 2024 Corporate Presentation
MARCH 2024 CORPORATE PRESENTATION CATHEDRALENERGYSERVICES.COM
Slide 2: Overview of Cathedral Energy Services
Overview of Cathedral Energy Services Significant Canadian & U.S. footprint with focus on adding size and scale Fully integrated supplier of premium downhole directional technology Comprehensive suite of services, including high-performance mud motors, MWD & RSS Strong alignment of Board and Managem
Slide 3: Overview of Operating Locations
Overview of Operating Locations Revenue by Country(1) Alberta NEBC Montney United States Canada AB Montney Deep Basin North Dakota Duvernay SE Sask ~30% Bakken ~70% Marcellus Rockies Rockies Texas Anadarko Haynesville Permian Active Basin / Play Operating Regions Eagle Ford 1. Represents revenue by
Slide 4: Strategy Overview
Strategy Overview Cathedral’s Key Focus Areas Cathedral’s Core Technology Expand Current Energy Technology Rental Offerings ▪ Flexibility with multiple mud motor ▪ Enables evolving “a la carte” direct-to-customer market product lines High ▪ Further room for expansion through consolidation Performanc
Slide 5: Why Does Size and Scale Matter?
Why Does Size and Scale Matter? • Improved margins through economies of scale • Customer and market diversification • Capacity to sustain differentiation through technology advancement and distribution • Increased downcycle resiliency • Strategic moat around the business • Opportunity for multiple e
Slide 6: Completing the Value Chain Through Strategic Acquisition of Differentiated Technology
Completing the Value Chain Through Strategic Acquisition of Differentiated Technology Provides Cathedral with industry-leading proprietary MWD products Cathedral estimates that a significant number of the active drilling rigs in the onshore U.S. are currently operating with either Rime's complete Sl
Slide 7: Overview of Recent Acquisitions (2021 – Present)
Overview of Recent Acquisitions (2021 – Present) 8 Acquisitions July 2021 June 2022 June 2022 October 2022 $6.4 Million $9.5 Million $2.0 Million $5.0 Million Since 2021 MWD, Motors MWD, Motors MWD in MWD, Motors development ~$235 2021 2022 2023 Million Total Transaction Value (3) July 2021 February
Slide 8: Trailing-12-Month Financial Performance and Net Debt Profile
Trailing-12-Month Financial Performance and Net Debt Profile Trailing 12-Month Financial Performance (C$MM) (1) Net Debt Profile (C$MM) (2) 600 Altitude Acquisition Rime Acquisition 545.3 120 112.4 107.6 500 100.3 100 87.2 Y/E 2024 Target of 400 80 74.6 <0.5x2024 Adjusted 319.0 EBITDAS (1) 60 56.0 3
Slide 9: Investment Summary
Investment Summary 1 Focused in premier North American resource plays and high-quality producers 2 Maximizing margins through vertically-integrated directional drilling offering 3 Disciplined approach to M&A and capital allocation 4 Lower capital intensity relative to other OFS verticals and attract
Slide 10: Corporate Management Team
Corporate Management Team Corporate Management Team Tom Connors Suzanne Davies President, Chief Executive Officer, & Director Vice President Legal, Corporate Secretary Scott MacFarlane Randi Hannon Interim Chief Financial Officer Vice President, Finance Mike Hearn SVP, Corporate Development U.S. and
Slide 11: Forward Looking Statements & Disclaimers
FORWARD LOOKING STATEMENTS & DISCLAIMERS Forward-Looking Information This presentation contains statements and information that may constitute "forward-looking information" within the meaning of applicable securities legislation, including statements identified by the use of words such as "will", "e
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