Total Energy Services Inc. · TSX:TOT
Total Energy Services — Shareholder Meeting (May 2025)
15 slides from Total Energy Services's shareholder meeting presentation, May 13, 2025
Slide 1: 29th Annual Meeting of Shareholders
29th Annual Meeting of Shareholders May 13, 2025 FOCUS DISCIPLINE GROWTH
Slide 2: Cautionary Statements
Cautionary Statements Forward-Looking Information Certain information presented in these remarks and in this presentation that is not historical factual information and/or based on current views and assumptions and is subject to uncertainties may constitute forward-looking information within the mea
Slide 3: Why Invest in Oil and Gas?
Why Invest in Oil and Gas? Global Consumption of Primary Energy Consumption Global Liquefied Natural Gas Hydrocarbon Fuels per Capita (LNG) Exports 600 350.0 600.0 Consumption, Gigajoules per capita Coal Exports, Billion cubic metres 300.0 500.0 Natural Gas 500 Oil 250.0 400.0 Consumption, Exajoules
Slide 4: Why Invest in Total Energy Services?
Why Invest in Total Energy Services? Diversified Exposure to Global Energy Development CONTRACT RENTALS AND COMPRESSION WELL SERVICING DRILLING TRANSPORTATION AND PROCESS (WS) SERVICES (CDS) SERVICES (RTS) SERVICES (CPS) ▪ Onshore drilling operations ▪ Leading provider of surface ▪ Established provi
Slide 5: Corporate Information
Corporate Information Shares outstanding (basic, as at May 12, 2025) 37.47 million Options outstanding (at May 12, 2025, $7.82 weighted avg exercise price) 2.6 million Market Capitalization (basic, at $10.00 share price) $374.7 million Working capital (1) (at March 31, 2025) $83.6 million Property,
Slide 6: Recent Financial Performance
Recent Financial Performance (in thousands of CDN dollars, except per share amounts and shares outstanding) 3 months ended Year ended March 31 December 31 2025 2024 2024 2023 Revenue $ 251,909 $ 204,686 $ 906,776 $ 892,396 EBITDA (1) 50,488 43,290 171,845 168,961 Cashflow 44,934 32,837 162,435 163,3
Slide 7: Geographical Diversification
Geographical Diversification 2024 Revenue Breakdown: REVENUE BY GEOGRAPHY 450,000 400,000 In thousands of CAD$ 350,000 46% 300,000 250,000 200,000 150,000 100,000 50,000 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 Canada United States Australia 38% ▪ Geographical diversification mitigates regiona
Slide 8: Geographical Diversification
Geographical Diversification 2025 Q1 Revenue Breakdown: 47% 31% ▪ Geographical diversification mitigates regional cyclicality ▪ Asian LNG demand drives Australian drilling and well servicing activity ▪ 2024 monthly Asian LNG prices averaged US$11.71/MMBtu(1) versus the Henry Hub gas price which aver
Slide 9: Capital Stewardship
Capital Stewardship Disciplined Capital Investment ▪ No recorded impairments of PP&E or goodwill since inception ▪ Stable capital investment to maintain best-in-class equipment fleet Rewarding our Shareholders ▪ $342.7 million returned to shareholders through dividends and share buy backs from incep
Slide 10: Creating Sustainable Shareholder Value
Creating Sustainable Shareholder Value Acquisition of Saxon Q1 24 Acquisition of Saxon in Q1 2024 Over $219 million of debt repaid since the Since 2017 acquisition of Savanna: Annual free cash flow per share has acquisitions of Savanna and Saxon ▪ Outstanding share count ↓ 20.0% grown at a CAGR of 1
Slide 11: Solid Tangible Asset Value
Solid Tangible Asset Value Allocating capital to highest return opportunities ▪ Cumulative proceeds on disposals of PP&E >$95 million over the last ten years Sound PP&E book values ▪ Have never recorded a PP&E impairment despite completing over 40 acquisitions since 1997 ▪ Cumulative gain on sale of
Slide 12: Industry Leading Return on Capital
Industry Leading Return on Capital 10-YEAR RETURN ON INVESTED CAPITAL 10-YEAR RETURN ON EQUITY 15% 15% 10% 10% 5% 5% 0% 0% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -5% -5% -10% -10% Total Energy Services OFS Peer Group Weighted Average Total
Slide 13: 2025 Capital Expenditure Plan
2025 Capital Expenditure Plan ▪ $73.9 million currently budgeted 2025 capital spend ▪ $46.3 million of growth capital: o $35.9 million of rig upgrades in CDS and WS segments o $ 6.5 million for CPS segment compression rental fleet growth o $ 3.9 million for RTS segment new rental equipment ▪ $27.6 m
Slide 14: Corporate and Community Highlights
Corporate and Community Highlights Positively impacting the communities we operate in ▪ Community engagement through sponsorship of numerous programs, including the annual Goodstriker Yakiwchuk Memorial Hockey Day in Slave Lake, Alberta (~150 children attended in 2024) and the Total Oilfield Rentals
Slide 15: Contact Information
Contact Information For further information about Total Energy Services Inc., contact: Daniel Halyk, President & CEO, phone: (403) 216-3921, email: dhalyk@totalenergy.ca or Yuliya Gorbach, VP Finance & CFO phone: (403) 216-3920, email: ygorbach@totalenergy.ca www.totalenergy.ca Savanna Well Servicin
Total Energy Services — Shareholder Meeting (May 2025) on 6ix