Mullen Group Ltd. · TSX:MTL
Mullen — Mullen Group Income Fund — Shareholder Meeting (May 2006)
8 slides from Mullen's shareholder meeting presentation, May 31, 2006
Slide 1: Welcome to our 13th Annual and Special Meeting of Securityholders
Mullen Group Income Fund Annual and Special Meeting May 31, 2006 Mullen Group INCOME FUND Welcome to our 13th Annual and Special Meeting of Securityholders May 31, 2006 Mullen Group INCOME FUND Chairman’s Report Presentation By: Murray K. Mullen Chairman, and Co- C.E.O. 1 P.O. Box 87, Aldersyde, AB
Slide 2: Facts and Business Units
Mullen Group Income Fund Annual and Special Meeting May 31, 2006 FACTS: Ø 25 Business Units Ø 2 Segments: § Oilfield Services § Trucking Services Ø 2,764 Power Units Ø 4,044 Employees Ø 1,076 Owner Operators / Dedicated Sub-Contractors Mullen 3 Business Units Oilfield Services Segment (16 units) Pro
Slide 3: 1st Quarter Results – 2006 (Combined)
Mullen Group Income Fund Annual and Special Meeting May 31, 2006 Business Units Trucking Segment (9 units) Bulk Transport Ltd 1st Quarter Results – 2006 (Combined) $ (millions) Mullen Producers* Combined Revenues 245.9 130.0 375.9 EBITDA 59.8 42.8 102.6 Net Income 43.1 19.9 63.0 *from continuing ope
Slide 4: Balance Sheet and Securityholder Information
Mullen Group Income Fund Annual and Special Meeting May 31, 2006 Balance Sheet – as of March 31, 2006 $ (millions) Mullen Producers Combined Working Capital* 112.3 40.7 153.0 Long-term Debt 75.1 110.7 185.8 Equity 444.7 286.7 731.4** (pre goodwill) Debt-to-Equity .17:1 .46:1 .28:1** * Excludes curre
Slide 5: President's Report: Next Steps - Arrangement
Mullen Group Income Fund Annual and Special Meeting May 31, 2006 Mullen Group INCOME FUND President’s Report Presentation By: Stephen H. Lockwood President and Co- C.E.O. Next Steps - Arrangement Ø Receipt of Producers Shareholder Approval – 11:00 a.m. Meeting Today Ø Receipt of Final Court Order –
Slide 6: Next Steps - Horizon
Mullen Group Income Fund Annual and Special Meeting May 31, 2006 Next Steps - Horizon Ø Reason for Spin-out – Appendix G of the Circular fully describes Horizon. Ø Arrangement approval today allows Mullen Unitholders to participate in this opportunity. Ø Horizon Capitalization § 28.6 million common
Slide 7: Thank You
Mullen Group Income Fund Annual and Special Meeting May 31, 2006 Delivering Value and Growth Thank You 7 P.O. Box 87, Aldersyde, AB T0L 0A0 WEBSITE: www.mullen-group.com Tel: (403) 652-8888 Fax: (403) 601 -8301 E-Mail: ir@mullen-group.com
Slide 8: 13th Annual and Special Meeting of Securityholders
Mullen Group Income Fund Annual and Special Meeting May 31, 2006 Mullen Group INCOME FUND 13th Annual and Special Meeting of Securityholders May 31, 2006 8 P.O. Box 87, Aldersyde, AB T0L 0A0 WEBSITE: www.mullen-group.com Tel: (403) 652-8888 Fax: (403) 601 -8301 E-Mail: ir@mullen-group.com
Mullen Group Income Fund — Shareholder Meeting (May 2006) on 6ix