Phx Energy Services Corp. · TSX:PHX

Phx Energy Services — Shareholder Meeting (May 2023)

14 slides from Phx Energy Services's shareholder meeting presentation, May 10, 2023

  1. Slide 1: AGM May 10, 2023

    Y ENERGY SERVICES CORP. AGM MAY 10, 2023

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements Some matters discussed in this presentation may be considered to be forward- looking statements. Such statements include declarations regarding management’s intent, belief or current expectations. Prospective investors are cautioned that any such forward-looking statements

  3. Slide 3: PHX Energy Services - Fun Facts

    PHX Energy Services - Fun Facts  Founded PHX in 1995  76% of revenue is in the US  PHX is 28 years in the business  85% of that revenue is in the Permian  PHX is the largest independent supplier of  PHX completed an aggressive $73.5 million directional drilling services in the North capital pr

  4. Slide 4: Who Is PHX?

    Who Is PHX ?  We are a vertically integrated supplier and control the full value chain of our products and services through in-house R&D, engineering, manufacturing field operations and servicing of our tools  We are a technology leader in our sector and have developed and deployed a proprietary f

  5. Slide 5: Q1 2023 Financial Results

    Q1 2023 Financial Results Three-month period ended March 31, Years ended Dec 31, Stated in thousands of dollars rig counts and 2023 2022 % Chg 2022 2021 % Chg Highest level of operating days Operating Results quarterly revenue, Revenue 166,022 109,304 52 535,745 339,946 58 adjusted EBITDA and Adjust

  6. Slide 6: Net Capital Expenditures

    Net Capital Expenditures (1) Net Capital Expenditures $80.0 $80.0 $46.1 million $70.0 $70.0 $48.5 $60.0 $60.0 $50.0 $50.0 Net Capital Expenditures Net Capital Expenditures $40.0 $40.0 $19.2 million $22.9 million  $73.5 million in Net Capital Expenditures $23.1 capital $30.0 $22.7 $18.5 million $30.

  7. Slide 7: 2023 Capital Expenditure Budget of $61.5 million

    Capital Expenditures 2023 Capital Expenditure Budget of $61.5 million Three-month periods ended March 31, Stated in thousands of dollars  Expect $41.8 million towards growth 2023 capital and $19.7 million towards Growth capital expenditures 9,955 Maintenance capital expenditures maintenance of the

  8. Slide 8: First Quarter Outlook

    First Quarter Outlook  North American rig count in the first quarter was relatively flat compared to fourth quarter of 2022  Our US activity is seeing a similar slowdown whereas Canada is experiencing a more active spring break up then in the past  Expect slightly lower than forecasted activity l

  9. Slide 9: The Real Driver of Record Fast Drilling

    Recent History of Drilling Efficiencies DRILLING TECHNOLOGY - 10 CURRENT PHX DRILLING YRS AGO Conventional 6.5“ Drilling Motor TECHNOLOGY Atlas 7.25" High Performance Motor Max Torque Horsepower Output 10,460 lb-ft 310 HP 114% Max Torque 19,050 lb-ft Increase Game Horsepower Output 664HP Changer The

  10. Slide 10: Technology Case Study: The Impact of Faster Drilling

    It’s the Name of the Game Te c h n o l o g y C a s e S t u d y : T h e I m p a c t o f Fa s t e r Drilling SAME AREA - SAME WELL PROFILE - NEW TECHNOLOGY 2017 - Permian Basin, 2021 - Permian Basin, Midland Midland County County  11,282ft Lateral  10,000ft Lateral  Premium MWD and Motors technolog

  11. Slide 11: Shareholder Reward

    2022 Results for Shareholder Return 17% of Shares repurchased Strong profitability = Opportunity = Opportunity Reinstated quarterly and cash positive since March 2017 dividend and position From 58,589,887 to 51,072,237 Common Shares increased four times SHAREHOLDER REWARD Outstanding Our strategy to

  12. Slide 12: Record After Record

    EDDY COUNTY, TX Record After Record MCCLAIN COUNTY,OK / BACK TO BACK CLIENT RECORDS New Record 064' Spud to TD Drilled with the Unmatched Combination of Atlas & Velocity MONTNEY Tt i 222i New © Drilled with the LAW ELIYA S LLANIESRYAVE LOL 5.75° 6/7 11.7 Atlas Motor RECORD LATERAL SECTION 2.939 Ft/D

  13. Slide 13: PHX is the Enabler

    PHX is the Enabler PREMIUM TECHNOLOGY FLEET IS COMPRISED OF THE INDUSTRY’S TOP TECHNOLOGIES, CANNOT BE OUTPERFORMED DESIGNED, DEVELOPED, MANUFACTURED, AND OPERATED BY PHX VELOCITY ATLAS PERFORMANCE POWERDRIVE ORBIT REAL-TIME SYSTEM DRILLING MOTORS RSS New generation MWD system, Engineered to be the

  14. Slide 14: Total Executive Tenure

    PHX HAS 28 YRS. HISTORY 28 26 25 12 24 YEARS YEARS YEARS YEARS YEARS TOTAL EXECUTIVE TENURE 14%– EXECUTIVE 115 YRS

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