Akita Drilling Ltd. Class A · TSX:AKT
Akita Drilling Ltd. Class A — Investor Presentation (January 2019)
16 slides from Akita Drilling Ltd. Class A's investor presentation, January 2019
Slide 1: Corporate Presentation January 2019
CORPORATE PRESENTATION JANUARY 2019
Slide 2: Forward-Looking Statements Disclaimer
1 Forward-Looking Statements Disclaimer This Corporate Presentation includes forward-looking statements. These statements include but are not limited to comments with respect to AKITA’s objectives and strategies, financial condition, results of operations, the outlook for the industry and risk manag
Slide 3: AKITA Drilling – At a Glance
AKITA DRILLING – AT A GLANCE 2 • Established in 1993 through a spin off from ATCO Ltd. • A pure play drilling company commanding a modern fleet of 40 drilling rigs with operations split between the US and Canada • A leader and innovator in the SAGD oil sands pad rig market • Recently acquired US bas
Slide 4: 2019 Strategic Priorities
2019 STRATEGIC PRIORITIES 3 • AKITA-Xtreme Integration – Continue to integrate AKITA and Xtreme’s US operations to maximize efficiencies and cost reductions. • Capital Strength – Focus on financial flexibility, repaying debt from free cash flow and executing a modest capital program. • Optimize Asse
Slide 5: Rig Fleet Overview
4 RIG FLEET OVERVIEW
Slide 6: Canadian Fleet
CANADIAN FLEET 5 Rig Type Depth Capacity Move System 22% 17% 30% 43% 52% 57% 26% 52% No Move System Walking System Singles Doubles Triples <3000m 3000‐4000m >4000m AKITA’s Canadian fleet of 23 rigs includes 13 pad rigs. • Pad rigs typically have higher utilization than conventional rigs • Pad rigs a
Slide 7: United States Fleet
UNITED STATES FLEET 6 Rig Type Depth Capacity Move System 0% 0% 12% 12% 35% 53% 88% 100% Singles Doubles Triples <3000m 3000‐4000m >4000m None Skidding Walking AKITA’s US fleet of 17 rigs includes • 15 high specification AC triple rigs with moving systems which are less than 5 years old • 5 rigs wit
Slide 8: Rig Locations
RIG LOCATIONS 7 NE BC / NW AB Rig #31, 37, 56, 61 Northern AB Rig # 21, 25, 26, 27, 28, 57 Northern Foothills Rig #41, 45 Eastern AB / Western SK Rig # 6, 8, 12, 14, 30, 32, 40 Central AB Rig # 34, 35, 47 Saskatchewan Rig # 29 Bakken Rig #516, 525 Utah Colorado Rig #518 Rig #517, 519, 520, 522, 524
Slide 9: Contract Book
CONTRACT BOOK 8 • Excellent mix of top tier Canadian and US customers • 15 of its 17 rigs in the US under contract with more than 3,750 contracted days secured as of January 1, 2019 • Well positioned to benefit from market recovery in Canada with a fleet of rigs capable of drilling the deep basins
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Slide 11: Financial Information
FINANCIAL INFORMATION 10 Financial Overview (YTD Sept 30) $,000 except per share amounts 20181 2017 Revenue $66,847 $52,087 Share Information EBTIDA 2 $5,219 $2,894 Share Symbols (TSX) AKT.A (Non-voting) EPS (0.53) (0.74) AKT.B (Common) Shares outstanding 39,608,191 Cash $12,261 $4,675 Share price a
Slide 12: Historical Dividends Per Share
HISTORICAL DIVIDENDS PER SHARE 11 7.00% $12.00 6.00% $10.00 5.00% $8.00 4.00% $6.00 3.00% $0.34 $0.34 $0.34 $0.34 $4.00 2.00% $0.32 $0.34 $0.28 $0.28 $0.28 1.00% $0.28 $0.28 $2.00 $0.28 $0.22 $0.24 $0.05 $0.10 $0.18 $0.18 $0.20 $0.14 $0.16 $0.18 0.00% $0.12 $0.00 1993 1994 1995 1996 1997 1998 1999 2
Slide 13: Social Responsibility
SOCIAL RESPONSIBILITY 12 Among Canadian drillers, AKITA was an innovator in developing relationships with First Nations, Inuvialuit, and Metis peoples living proximate to areas where it operates, in order to ensure they benefit from resource development near their traditional territories. AKITA’s mo
Slide 14: Why Invest in AKITA
WHY INVEST IN AKITA 13 An investment in AKITA offers the opportunity to invest in a socially conscious, financially strong, dividend paying, pure play drilling Company that has geographical balance between Canada and the United States. Furthermore, the oilfield services sector, which the Company ope
Slide 15: Executive Offices and Investor Relations
Executive Offices - Canada Executive Offices -USA Investor Relations 9811 Katy Freeway Darcy Reynolds Suite 1000 – 333 7th AVE SW Houston, Texas 77024 Suite 1000 – 333 7th AVE SW Calgary, Alberta T2P2Z1 +1 (281) 994-4600 Calgary, Alberta T2P2Z1 +1 (403) 292-7979 Darcy.Reynolds@akita-drilling.com www
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