Enerflex Ltd. · TSX:EFX
Enerflex — Shareholder Meeting (April 2014)
23 slides from Enerflex's shareholder meeting presentation, Apr 16, 2014
Slide 1: 2013 Annual General Meeting
2013 Annual General Meeting April 16, 2014
Slide 2: Forward-Looking Statements Advisory
Forward-Looking Statements Advisory • This presentation is for information purposes only and is not intended to, and should not be construed to, constitute an offer to sell or the solicitation of an offer to buy securities of Enerflex. • Certain statements containing words such as “anticipate”, “cou
Slide 3: Targeting High-Growth Markets
TARGETING HIGH- GROWTH MARKETS
Slide 4: World Leading Pure-Play Supplier of Natural Gas Production and Processing Equipment
World Leading Pure-Play Supplier of Natural Gas Production and Processing Equipment Revenue $1.4 Billion Market Cap $1.4 Billion Shares 78.2 Million Outstanding 52 Week High $18.29 52 Week Low $12.89 Employees 2,900 Sales & Service 60 Locations Trailing 12 months Calgary, Alberta Nisku, Alberta Hous
Slide 5: Specialty Customized Equipment
Specialty Customized Equipment Compression and Process • Reciprocating and rotary screw compression • Small to large horsepower (200 hp – 10,000 hp) • Conventional and unconventional plays Production and Processing • Systems for gas plants (dew point) and refrigeration systems • Amine systems (H2S a
Slide 6: We're Growing Globally
4 WE’RE GROWING es GLOBALLY
Slide 7: Enerflex – The Growth Story
Enerflex – The Growth Story $1,600,000 $140,000 CAGR (Revenue) : 14.2% $1,400,000 CAGR (Operating Income) : 15.7% $120,000 $1,200,000 $100,000 Operating Income ($ 000's) $1,000,000 Revenue ($ 000's) $80,000 $800,000 $60,000 $600,000 $40,000 $400,000 $20,000 $200,000 $- $- 2002 2003 2004 2005 2006 20
Slide 8: Consolidated Revenues
Consolidated Revenues Regions Revenues ($ millions) 1,600.0 1,400.0 397.5 376.4 1,200.0 360.6 1,000.0 International 249.7 512.1 800.0 503.7 Southern US & Latin 342.3 America 364.3 600.0 Canada & Northern US 400.0 524.2 592.1 524.9 453.8 200.0 - 1 2010 2011 2012 1 2013 Global Diversification with Cor
Slide 9: Profitable Operations
Profitable Operations Net Earnings - Continuing Operations EPS - Continuing Operations ($ millions) ($ millions) 100.0 1.20 80.0 1.00 60.0 0.80 82.3 0.60 1.06 40.0 56.7 57.7 0.40 0.73 0.74 20.0 30.3 0.20 0.40 - - 2010 2011 2012 2013 2010 2011 2012 2013
Slide 10: Balance Sheet
Balance Sheet Working Capital Cash vs. Debt ($ millions) ($ millions) 250.0 350.0 200.0 300.0 150.0 250.0 215.0 182.0 200.0 100.0 150.0 304.6 145.0 250.8 119.0 100.0 183.0 191.7 81.2 96.5 92.9 50.0 50.0 15.0 - - 2010 2011 2012 2013 2010 2011 2012 2013 Cash Debt 10
Slide 11: Backlog
Backlog Backlog at December 31 ($ millions) 1,000.0 900.0 800.0 524.4 128.6 International 700.0 600.0 Southern US & Latin 296.8 500.0 358.9 America 361.8 Canada & Northern 400.0 US 284.6 300.0 227.6 146.1 200.0 306.5 100.0 135.7 177.1 158.8 - 1 1 2010 2011 2012 2013 1 Effective January 1, 2012, repo
Slide 12: 2013 Accomplishment – CNUS
2013 Accomplishment – CNUS Cenovus’s Foster Creek and Christina Lake Projects • Enerflex was awarded a contract to supply 46 well-pair modules for Cenovus. • Cenovus intends to more than double production capacity to over 300,000 bbl/d at each project. • Typically, two to three well-pairs will be in
Slide 13: 2013 Accomplishment – SULA
2013 Accomplishment – SULA De-Ethanizer System for Marcellus and Utica Shale Plays • De-ethanizer system with a feed capacity of 80,000 bbl/d for Williams Midstream. • The plant consists of 23 modules, including refrigeration and hot oil systems, an amine and mole sieve package, three 1,750 hp compr
Slide 14: 2013 Accomplishment – International
2013 Accomplishment – International Santos GLNG Project • Enerflex supplied seventeen, 4,500 hp electric-drive screw compressors each delivering 20 MMSCF per day from Santos’ coal seam gas fields in Queensland for a total of $56 million. • Engineering, design and manufacturing were performed in the
Slide 15: Growth Potential and Opportunities
GROWTH POTENTIAL AND OPPORTUNITIES
Slide 16: Worldwide LNG Opportunities
Worldwide LNG Opportunities 2017 – 2020 Projected 2.8 – 6 BCF per day potential LNG exports from first LNG exports two to four projects by 2025 CANADA UNITED STATES >11 BCF per day expected LNG exports in AUSTRALIA 2020 2016 Expected first LNG exports 3.2 BCF per day LNG Significant LNG shipments, c
Slide 17: LNG Opportunities – Canada
LNG Opportunities – Canada Proposed LNG Terminals Proposed LNG Projects Estimated Initial LNG Potential LNG Regulatory Devel FID Constru. Project Capacity Capacity Capacity Status Target Date Start Date Comm. Date Bcf/d MMpta MMpta AltaGas Idemitsu LP Up to 0.5 2.0 2.0 Not yet applied 2014 NA 2017 D
Slide 18: Electric Power Opportunities
Electric Power Opportunities Industrial Applications • Island Mode Prime Power Co-Generation • Combined Heat and Power Applications Energy Export • Flare Gas to Energy • Land Fill Gas to Energy • Biogas to Energy
Slide 19: Opportunities – United States and Latin America
Opportunities – United States and Latin America
Slide 20: East Coast CBM & Shale Gas for LNG Project
East Coast CBM & Shale GLADSTONE QCLNG Gas for LNG Project APLNG GLNG GALILEE ARROW • Projects include: • Gas-gathering COOPER BOWEN/ infrastructure SURAT for LNG plants on Australia’s northwest shelf GUNNEDAH • Coal-seam gas compression ICHTHYS systems SUNRISE for Queensland’s local PRELUDE BROWSE
Slide 21: Opportunities – Southeast Asia
Opportunities – Southeast Asia • Indonesia is currently suffering from gas shortages and looking for ways to increase production through unconventional production. • Focus on offshore production platforms and floating production units. • Estimated market size for Kuala Lumpur compression and process
Slide 22: Opportunities – Middle East North Africa
Opportunities – Middle East North Africa • Expected to lead the world in natural gas production over the next 20 years with an estimated 44% of the worlds proven reserves. • Growth will be driven by: • LNG; • Power generation; Bahrain • Desalination plants; and UAE Oman • Cooling Needs. • Expanded f
Slide 23: 2013 Annual General Meeting
2013 Annual General Meeting April 16, 2014