INVESTOR PRESENTATION
OIL & GAS l PIPELINE l POWER l MINING l CONSTRUCTION TSX : SDY
May 2019
INVESTOR PRESENTATION TSX : SDY OIL & GAS l PIPELINE l - - PowerPoint PPT Presentation
May 2019 INVESTOR PRESENTATION TSX : SDY OIL & GAS l PIPELINE l POWER l MINING l CONSTRUCTION PAGE FORWARD LOOKING STATEMENTS This presentation contains statements and information that constitute forward-looking
INVESTOR PRESENTATION
OIL & GAS l PIPELINE l POWER l MINING l CONSTRUCTION TSX : SDY
May 2019
FORWARD LOOKING STATEMENTS
This presentation contains statements and information that constitute forward-looking statements. These statements relate to future events or to the Company’s future financial performance and involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, levels of activity, performance or achievements to be materially different from future results, levels of activity, performance or achievements expressed or implied by such forward- looking statements. The use of the words “expect”, “plan”, “continue”, “estimate”, “anticipate”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “may”, or “will” and similar expressions are intended to identify forward-looking information or statements. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this presentation. The forward-looking information and statements included in this presentation are not guarantees of future performance and should not be unduly relied upon. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated and described in the forward-lookingWHAT WE DO
EQUIPMENT RENTALS
3INDUSTRIAL MATTING
PAGE6,100
PIECES
4$67M
ASSET NBV
A critical vendor of scale
EQUIPMENT RENTALS
EQUIPMENT RENTALS
MONTHS
5 PAGEPIECES
REVENUE
Colorado Drilling Project
INDUSTRIAL MATTING
118,000
MATS
6Integral for larger infrastructure projects
$67M
ASSET NBV
*All figures as of March 31, 2019INDUSTRIAL MATTING
MONTHS
7 PAGEUNITS
REVENUE
North Montney Mainline Project
INVESTOR PRESENTATIONSOLID FINANCIAL PERFORMANCE
8Margin profile supports strong cash-flow growth
*Average Analyst Estimates 2019 50 100 150 200 250 10 20 30 40 50 60 70 2014A 2015A 2016A 2017A 2018A 2019 Fcst* Revenue $MM EBITDA $MMREVENUE & EBITDA
EBITDA RevenueSEGMENTED REVENUE & EBITDA
*Management Estimates † Average of 2017, 2018 and Q1 2019EBITDA Margin 38%† EBITDA Margin 16%†
SOLID FINANCIAL PERFORMANCE
Industrial Matting
EBITDA RevenueEquipment Rentals
EBITDA RevenueDURABLE FINANCIAL PLATFORM
10Disciplined approach to balance sheet strength
CAPITAL ASSETS
$134M
Funded Debt to EBITDA 0.3
Funded Debt†
EQUATION FOR GROWTH
11LOW DEBT + STRONG CASH-FLOWS
NORTH AMERICA
MARKET SIZE*
ENVIRONMENTAL SAFETY GROUND PROTECTION ACCESS
PAGELarge Scale Infrastructure Projects
POWER TRANSMISSION OIL + GAS PIPELINE CONSTRUCTION
PAGESTRONG GROWTH DEMAND FOR INDUSTRIAL MATTING
15We’re still at the front-end of a broad industrial adoption
*All numbers are Company estimates700,000
CANADIAN FLEET +
3,000,000
AMERICAN FLEET
N.A. MARKET SIZE
Industry growth in last 10 years (17% CAGR)
5x
LARGE SCALE PROJECTS
DEMAND > SUPPLY
Trans Mountain Line 3 Keystone XL Coastal GasLink LNG Canada
FRAGMENTED LANDSCAPE
17WESTERN CANADIAN PARTICIPANTS
STRAD
Robust opportunity for consolidation
PAGEACQUIRER OF CHOICE:
OUR MOMENTUM
18Potential to double
by 2021
PAGE3,000 92,200* 180,000
2008 2018 2021INDUSTRIAL MATTING FLEET
41% CAGR (2008 – 2018)
*As of June 30, 2018SAFETY LOGISTICS SCALE RELIABILITY
PAGEINVESTING IN MATTING TO ACHIEVE HIGH RETURNS
20POTENTIAL TO DOUBLE FLEET BY 2021
SALES FIELD EQUIPMENT Scaling to capitalize on the matting opportunity
PAGEMATTING l HIGH GROWTH l HIGH RETURN
S T R A D E N E R G Y.C O M