Total Energy Services Inc. · TSX:TOT
Total Energy Services — Investor Presentation (October 2024)
15 slides from Total Energy Services's investor presentation, Oct 19, 2024
Slide 1: Mount Royal University, Calgary, October 19, 2024
October 19, 2024 Mount Royal University Calgary, Alberta 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 mea
Slide 3: Why Invest in Oil and Gas?
Why Invest in Oil and Gas? Global Consumption of Primary Energy Consumption Global Liquefied Natural Gas Hydrocarbon Fuels per Capita (LNG) Exports 600 350.0 600.0 Consumption, Gigajoules per capita Coal Exports, Billion cubic metres 300.0 500.0 Natural Gas 500 Oil 250.0 400.0 Consumption, Exajoules
Slide 4: Why Invest in Total Energy Services?
Why Invest in Total Energy Services? Diversified Exposure to Global Energy Development CONTRACT RENTALS AND COMPRESSION WELL SERVICING DRILLING TRANSPORTATION AND PROCESS (WS) SERVICES (CDS) SERVICES (RTS) SERVICES (CPS) ▪ Onshore drilling operations ▪ Leading provider of surface ▪ Established provi
Slide 5: Corporate Information
Corporate Information Shares outstanding (basic, as at September 30, 2024) 38.36 million Options outstanding (at September 30, 2024, $7.45 weighted avg exercise price) 3.0 million Market Capitalization (basic, at $10.00 share price) $383.6 million Working capital (1) (at June 30, 2024) $71.8 million
Slide 6: Recent Financial Performance
Recent Financial Performance (in thousands of CDN dollars, except per share amounts and shares outstanding) 3 months ended 6 months ended June 30 June 30 2024 2023 2024 2023 Revenue $ 213,334 $ 208,845 $ 418,020 $ 446,622 EBITDA (1) 37,447 30,255 80,737 78,730 Cashflow 38,094 29,408 70,931 78,080 Ne
Slide 7: Geographical Diversification
Geographical Diversification H1 2024 Revenue Breakdown: REVENUE BY GEOGRAPHY 450,000 400,000 In thousands of CAD$ 350,000 300,000 43.1% 250,000 200,000 150,000 100,000 50,000 0 H1 2024 2016 2017 2018 2019 2020 2021 2022 2023 Canada United States Australia 42.5% ▪ Geographical diversification mitigat
Slide 8: Capital Stewardship
Capital Stewardship Disciplined Capital Investment CAPITAL INVESTMENT 900 300 In millions of CAD$ 800 ▪ No recorded impairments of PP&E or goodwill since inception 700 250 In millions of CAD$ 600 200 500 150 ▪ Stable capital investment to maintain best-in-class equipment fleet 400 300 100 200 50 100
Slide 9: Creating Sustainable Shareholder Value
Creating Sustainable Shareholder Value REDUCTION OF DEBT SHARES OUTSTANDING FREE CASH FLOW GROWTH $300 50 14.50 $100 $2.50 Acquisition of Acquisition of Savanna in Q2 Acquisition of Savanna in Q2 2017 Saxon in Q1 2024 2017 14.00 $250 45 $80 $2.00 Amount per share (CAD$) 13.50 In million of shares Am
Slide 10: Solid Tangible Asset Value
Solid Tangible Asset Value DISPOSALS OF PP&E OF PP&E DISPOSALS Allocating capital to highest return opportunities 0,000 0,000 In thousands of CAD$ ▪ Cumulative proceeds on disposals of PP&E >$125 million 00,000 over the last ten years 0,000 0,000 0,000 Sound PP&E book values 0,000 0 ▪ Have never rec
Slide 11: Industry Leading Return on Capital
Industry Leading Return on Capital 10-YEAR RETURN ON INVESTED CAPITAL 10-YEAR RETURN ON EQUITY 15% 20% 15% 10% 10% 5% 5% 0% 0% 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 -5% -5% -10% -10% -15% Total Energy Services OFS Peer Group Weighted Aver
Slide 12: 2024 Capital Expenditure Plan
2024 Capital Expenditure Plan ▪ $127.9 million projected 2024 capital spend ▪ $78.1 million of growth capital: o $47.4 million for acquisition of Saxon Energy Services Australia o $19.3 million of rig upgrades in CDS and WS segments o $6.4 million of new rental equipment for RTS segment o $5.0 milli
Slide 13: Saxon Energy Services Australia Acquisition
Saxon Energy Services Australia Acquisition Acquisition of Saxon Energy Services Australia completed on March 7, 2024 ▪ Added 11 land drilling rigs in Australia ▪ Increases the depth capacity of Australian drilling rig fleet ▪ Expands Australian customer base ▪ Added experienced domestic labour forc
Slide 14: Corporate and Community Highlights
Corporate and Community Highlights Positively impacting the communities we operate in ▪ Community engagement through sponsorship of numerous programs, including the annual Goodstriker Yakiwchuk Memorial Hockey Day in Slave Lake, Alberta (~150 children attended in 2024) and the Total Oilfield Rentals
Slide 15: 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 Servicin
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