Act Energy Technologies Ltd. · TSX:ACX
Act Energy Technologies — Cathedral Energy Services — Investor Presentation (January 2024)
11 slides from Act Energy Technologies's investor presentation, Jan 15, 2024
Slide 1: January 2024 Corporate Presentation
JANUARY 2024 CORPORATE PRESENTATION CATHEDRALENERGYSERVICES.COM
Slide 2: Overview of Cathedral Energy Services
Overview of Cathedral Energy Services Significant Canadian & U.S. footprint with focus on adding size and scale Fully integrated supplier of premium downhole directional technology Comprehensive suite of services, including high-performance mud motors, MWD & RSS Strong alignment of Board and Managem
Slide 3: Overview of Operating Locations
Overview of Operating Locations Revenue by Country(1) Alberta NEBC Montney United States Canada AB Montney North Dakota Deep Basin Duvernay SE Sask ~29% Bakken ~71% Marcellus Rockies Rockies Texas Anadarko Haynesville Permian Active Basin / Play Operating Regions Eagle Ford 1. Represents revenue by
Slide 4: Strategy Overview
Strategy Overview Cathedral’s Key Focus Areas Cathedral’s Core Technology Expand Current Energy Technology Rental Offerings ▪ Flexibility with multiple mud motor ▪ Enables evolving “a la carte” direct-to-customer market product lines High ▪ Further room for expansion through consolidation Performanc
Slide 5: Why Does Size and Scale Matter?
Why Does Size and Scale Matter? • Improved margins through economies of scale • Customer and market diversification • Capacity to sustain differentiation through technology advancement and distribution • Strategic moat around the business • Opportunity for multiple expansion typically observed with
Slide 6: Completing the Value Chain Through Strategic Acquisition of Differentiated Technology
Completing the Value Chain Through Strategic Acquisition of Differentiated Technology Provides Cathedral with industry leading proprietary MWD products Cathedral estimates that a significant number of the active drilling rigs in the onshore U.S. are currently operating with either Rime's complete Sl
Slide 7: Overview of Recent Acquisitions (2021 – Present)
Overview of Recent Acquisitions (2021 – Present) 8 Acquisitions July 2021 June 2022 June 2022 October 2022 $6.4 Million $9.5 Million $2.0 Million $5.0 Million Since 2021 MWD, Motors MWD, Motors MWD in MWD, Motors development ~$235 2021 2022 2023 Million Total Transaction Value (3) July 2021 February
Slide 8: Trailing-12-Month Financial Performance and Net Debt Profile
Trailing-12-Month Financial Performance and Net Debt Profile Trailing 12-Month Financial Performance (C$MM) (1) Net Debt Profile (C$MM) (2) Altitude Acquisition Rime Acquisition 600 120 112.4 539.0 100.3 500 100 87.2 80 Y/E 2024 Target of 400 74.6 <0.5x2024 Adjusted 60 56.0 300 EBITDAS (1) 204.4 40
Slide 9: Investment Summary
Investment Summary 1 Focused in premier North American resource plays and high-quality producers 2 Maximizing margins through vertically integrated directional drilling offering 3 Disciplined approach to M&A and capital allocation 4 Lower capital intensity relative to other OFS verticals and attract
Slide 10: Corporate Management Team
Corporate Management Team Corporate Management Team Tom Connors Suzanne Davies President, Chief Executive Officer, & Director Vice President Legal, Corporate Secretary Scott MacFarlane Randi Hannon Interim Chief Financial Officer Vice President, Finance Mike Hearn SVP, Corporate Development U.S. and
Slide 11: Forward Looking Statements & Disclaimers
FORWARD LOOKING STATEMENTS & DISCLAIMERS Forward-Looking Information This presentation contains statements and information that may constitute "forward-looking information" within the meaning of applicable securities legislation, including statements identified by the use of words such as "will", "e
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