Total Energy Services Inc. · TSX:TOT
Total Energy Services — Shareholder Meeting (May 2024)
12 slides from Total Energy Services's shareholder meeting presentation, May 14, 2024
Slide 1: 28th Annual Meeting of Shareholders
FOCUS DISCIPLINE GROWTH ••• 28th Annual Meeting of Shareholders May 14, 2024 Total Energy Services Inc. 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
Slide 3: Corporate Information
Corporate Information ••• Shares outstanding (at May 9, 2024) 39.9 million Options outstanding (at May 9, 2024, $7.21 weighted avg exercise price) 3.3 million Market capitalization (basic, at $9.75 share price) $389.3 million Long-term debt, net of cash (2) (at March 31, 2024) $97.5 million Working
Slide 4: 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 2024 2023 2023 2022 Revenue $ 204,686 $ 237,777 $ 892,396 $ 759,813 EBITDA (1) 43,290 48,475 168,961 131,320 Cashflow 32,837 48,672 163,321 1
Slide 5: TOT Business Segments
TOT Business Segments ••• Diversified Exposure to Global Energy Development Contract Drilling Services (CDS) ✓ Onshore drilling operations in Western Canada (77 rigs), Texas (12 rigs) and Australia (16 rigs) ✓ Strategic alliance with Pason Systems to develop and deploy leading edge drilling enhancem
Slide 6: Creating Sustainable Shareholder Value
Creating Sustainable Shareholder Value ••• ✓ Disciplined approach to capital investment = no recorded impairments of equipment or goodwill since inception ✓ Returned $296 million to shareholders through dividends and share buy backs from inception to March 31, 2024 ✓ Quarterly dividend of $0.09 per
Slide 7: Operational Diversification
Operational Diversification ••• ✓ Record annual consolidated EBITDA and cashflow in 2023 ✓ Diversified energy services platform provides stability and future growth opportunities ✓ Leading market positions in all business segments FOCUS DISCIPLINE GROWTH
Slide 8: Geographical Diversification
Geographical Diversification ••• ✓ Geographically positioned for continued international growth ✓ Resiliency in the face of global market volatility FOCUS DISCIPLINE GROWTH
Slide 9: Saxon Energy Services Australia Acquisition
Saxon Energy Services Australia Acquisition ••• Acquisition of Saxon Energy Services Australia completed on March 7, 2024 • Adds 11 land drilling rigs to existing fleet of 5 drilling rigs • Increases the depth capacity of Australian drilling rig fleet • Expands Australian customer base • Acquire dom
Slide 10: Recent Corporate Highlights
Recent Corporate Highlights ••• ✓ Savanna Rig 406 successfully completed a hydrogen drilling program in South Australia in Q4 2023 ✓ Recipient of 2023 TSX30 award for three-year total realized shareholder returns ✓ 2024 recipient of the Globe and Mail’s Report on Business Women Lead Here recognition
Slide 11: 2024 Capital Budget
2024 Capital Budget ••• $66.3 million 2024 capital budget $30.7 million of Growth Capital: • $19.3 million of rig upgrades in CDS and WS segments • $6.4 million of new rental equipment for RTS segment • $5.0 million for CPS segment compression rental fleet growth $35.6 million for equipment maintena
Slide 12: 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 Serv
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