STEP Energy Services — Investor Presentation (September 2021)
17 slides from STEP Energy Services's investor presentation, Sep 21, 2021
Slide 1: STEP Energy Services
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Slide 2: Disclaimer
DISCLAIMER The information contained in this presentation does not purport to be all-inclusive or to contain all information OPEC+ related market uncertainty, the Company’s ability to market successfully to current and new clients; the that prospective investors may require. Readers are encouraged t
Slide 3: STEP at a Glance
FOUR SERVICE LINES STEP at a Energy services company providing coiled tubing, fluid and nitrogen pumping, wireline, and fracturing Glance solutions 1000 PROFESSIONALS STEP celebrated our ten-year Leadership team with extensive industry anniversary in March 2021. Throughout experience and over 1000 f
Slide 4: North American Operations
North American Operations As at June 30, 2021 4
Slide 5: Strategic Priorities
Strategic Invest in industry-leading technology Priorities Drive ESG performance Generate stakeholder returns 5
Slide 6: #1 - Invest in Industry-Leading Technology
#1 - Invest in Industry-Leading Technology Through the investment into industry-leading technology, we will drive incremental margin, increase value to clients and support the pursuit of sustainable solutions that positively impact our stakeholders. SYSTEMS OPERATIONS BUSINESS INNOVATION TM Ongoing
Slide 7: Single Shot IOR
Single Shot IOR TM POST-PRODUCTION TREATMENT Proprietary technology designed to improve post-production recovery with a single pumping treatment of liquid petroleum gas (LPG) into the hydrocarbon-bearing reservoir Stimulate existing stimulated rock volume (SRV) with LPG solvent to swell and mobilize
Slide 8: Low Emission Fracturing
Low Emission Fracturing SUSTAINABLE WELL COMPLETIONS Dual-fuel (184,750 HP in North America) STEP consistently delivers superior gas substitution and displacement rates Pumps use a mixture of natural gas and diesel which reduces diesel usage, improves operational efficiencies, and minimizes the envi
Slide 9: E-Coil & STEP-conneCT
E-Coil & STEP-conneCT REAL-TIME DATA ACQUISITION As a part of our STEP-IQ™ Real-Time Data Services, e-coil and STEP- conneCT are used during coiled tubing milling operations to provide live downhole data representing wellbore conditions STEP-conneCT is a downhole data acquisition tool, conveyed usin
Slide 10: #2 - Drive ESG Performance
#2 - Drive ESG Performance By working with our professionals, clients, and suppliers, we pursue ESG priorities that protect the health and safety of our team and the communities in which we work, minimize the environmental impact of our operations, ensure we have a workplace of diversity and opportu
Slide 11: Reducing Our Footprint
Dual-fuel - one of the first fracturing services companies to introduce dual-fuel technology to the Canadian market Current capacity represents 184,750 HP in North America and consistently delivers industry-leading gas substitution and displacement rates Tier 4 engines - 80,000 HP of Tier 4 engines
Slide 12: #3 - Generate Stakeholder Returns
#3 - Generate Stakeholder Returns Momentum in the industry has driven a shift in our priorities and reinvestment into our operations. Since December 31, 2020, we have: Reactivated equipment to increase operating capacity* - added 50% coil capacity and 20% in our fracturing services business unit; an
Slide 13: Financial Performance
Financial Performance Q2-2021 IN REVIEW Q2 was one of the strongest second quarters in our history - revenue increased by 165% from the same period last year Canadian operations enjoyed higher than typical utilization U.S. operations performed in line with expectations and gained momentum going into
Slide 14: 2021 Revenue: $244.4 million / Q2 $107.5 million
$244.4 million $107.5 million 2021 REVENUE Q2 - 2021 REVENUE Six months ended June 30 Coiled Tubing Three months ended June 30 27% Coiled Tubing 31% Fracturing Fracturing 73% 69% US 25% US 32% Canada Canada 68% 14 75%
Slide 15: Long-Term Debt Reduction
LONG-TERM DEBT REDUCTION DEBT REDUCTION PROGRESS (2018 - 2022) Projecting 2x Net Debt to EBITDA *Based on analyst consensus EBITDA - - - Projected net debt to EBITDA ratio of 2x based upon consensus 2022 EBITDA estimates LONG-TERM DEBT REDUCTION Continued focus on debt reduction Net debt reduction $
Slide 16: Outlook
While Canadian operators continue to exercise capital Outlook discipline, STEP is aligned with clients with active capex programs bolstered by rising commodity prices; pricing for A global economic recovery is services is expected to improve as activity levels increase underway and increased drillin
Slide 17: Contact Us
Contact Us 403-457-1772 investor_relations@step-es.com www.stepenergyservics.com
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