Phx Energy Services Corp. · TSX:PHX
Phx Energy Services — AltaCorp & ATB 8th Annual Institutional Investor Conference 2020
10 slides from Phx Energy Services's conference presentation, Jan 15, 2020
Slide 1: AltaCorp & ATB 8th Annual Institutional Investor Conference
ALTACORP. & ATB 8TH ANNUAL INSTITUTIONAL INVESTOR CONFERENCE JANUARY 15, 2020
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
Slide 3: Financial Highlights
Financial Highlights Three-month periods ended September 30, Nine-month periods ended September 30, Stated in thousands of dollars except per unit amounts, percentages and operating days 2019 2018 % Chg 2019 2018 % Chg Operating Results (unaudited) (unaudited) Revenue 93,099 85,033 9 268,204 224,800
Slide 4: Balance Sheet Strength
Balance Sheet Strength FURTHER DEBT REDUCTION • Net debt has been reduced by 86% since 2014 Net debt is defined as loans and borrowing plus operating facility less cash and cash equivalents Stated in millions of dollars 106.8 81.0 56.9 60.3 62.2 15.5 49.8 44.2 28.0 21.5 15.5 14.9 December 31, 2014 2
Slide 5: Shareholder Value
Shareholder Value Re‐purchased and cancelled 5.1 million common shares from July 2017 to present, 9% of common shares outstanding 2019 capital expenditure budget of $35 million, dedicated to Velocity and Atlas High Performance Drilling Motors Stated in millions of dollars 68.3 35.0 35.0 25.7 18.
Slide 6: Momentum in the US
Momentum in the US U S A C T I V E R I G S P E R D AY VS P H O E N I X O P E R AT I N G D AY S 3,850 988 3,506 2,969 876 868 Q3 2017 Q3 2018 Q3 2019 Q3 2017 Q3 2018 Q3 2019 TRENDING DOWN TRENDING UP N I N E ‐ M O N T H 2 0 1 9 U S R E V E N U E A S A P E R C E N TA G E O F C O N S O L I D AT E D R E
Slide 7: Drilling Performance is the Driving Factor
Drilling Performance is the Driving Factor Technology advancements have catapulted directional drilling to the top of the service sector as an enabler Core directional technologies have changed the time and economics for operators to drill long horizontal wells Directional services are now one
Slide 8: Reputation as a Technology Leader
Reputation as a Technology Leader PHX ENERGY HAS SUCCESSFULLY DEVELOPED, MANUFACTURED & DEPLOYED PREMIUM DOWNHOLE TECHNOLOGIES VELOCITY ATLAS PERFORMANCE POWERDRIVE ORBIT RSS REAL‐TIME SYSTEM DRILLING MOTORS The industry’s leading RSS New generation MWD system, Engineered to be the most technology,
Slide 9: 6.75" Motor Compared to 7.25" Atlas Performance Drilling Motor
6.75" Motor Compared to 7.25" Atlas Performance Drilling Motor 7.25" Atlas 6.75" Conventional 11 3 7 81 4 3 1.7 1.8 1 AVERAGE ROP AVG DRILLING DAYS FOR WELL AVG DAYS FOR WELL SECTION AVG MOTOR RUNS PER SECTION Feet/Hour SECTION FASTER DRILLING FEWER DRILLING DAYS FEWER RIG DAYS RUN SECTIONS Comparis
Slide 10: Direction for 2020
Direction for 2020 PHX Energy has become a premium provider by developing a fleet of disruptive technologies Market will reward robust and reliable technology that can enhance drilling performance; bottom line is drill faster! Execute on strategies that will propel further growth in the US market Dr
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