SEPTEMBER 12, 2018 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 statements. These statements relate to fu ture 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-looking statements. Such information and statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information or statements. These factors include, but are not limited to, such things as the impact of general industry conditions, fluctuation of commodity process, industry competition, availability of qualified personnel and management, stock market volatility and timely and cost effective access to sufficient capital from internal and external sources. The risks outlined above should not be construed as exhaustive. Although management of the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Accordingly, readers should not place undue reliance upon any of the forward-looking information in this presentation. All of the forward looking statements of the Company contained in this presentation are expressly qualified, in their entirety, by this cautionary statement. Except as required by law, the Company disclaims any intention or obligation to update or revise any forward-looking information or statements, whether the results of new information, future events or otherwise. PAGE 2
WHAT WE DO EQUIPMENT INDUSTRIAL RENTALS MATTING PAGE PAGE 3
EQUIPMENT A critical vendor of scale RENTALS 1. EcoPonds (large fluid storage) 10. 400 BBL Tanks 2. Pipe Tubs 11. Berm Containment System 3. Pipe Racks 12. Light Towers 4. Well-Site Trailers 13. Pumps (within Tanks) 5. Sidewalk Matting 14. Stairs 6. Rig Matting 15. Generator 7. Centrifuges + Solids Control 16. Insulated Tanks 8. Shale Bins 17. Shed 9. Premix Tank $86 M 6,100 ASSET NBV PIECES *All figures as of June 30, 2018 PAGE 4
EQUIPMENT RENTALS Colorado Drilling Project 150 12 $5 M PIECES MONTHS REVENUE PAGE PAGE 5
INDUSTRIAL $49 M MATTING ASSET NBV 92,200 MATS Integral for larger infrastructure projects *All figures as of June 30, 2018 PAGE 6
INDUSTRIAL MATTING Alberta Transmission Line Project 22 K $25 M 10 MATS REVENUE MONTHS INVESTOR PRESENTATION PAGE PAGE 7
SOLID FINANCIAL PERFORMANCE REVENUE & EBITDA 70.0 250.0 60.0 200.0 50.0 Revenue $MM EBITDA $MM 150.0 40.0 30.0 100.0 20.0 50.0 Margin profile supports 10.0 strong cash-flow growth 0.0 0.0 2013A 2014A 2015A 2016A 2017A 2018 Fcst* 2019 Fcst* EBITDA Revenue *Average Analyst Estimates 2018 & 2019 PAGE 8
DURABLE FINANCIAL PLATFORM CAPITAL ASSETS $139 M DEBT Funded Debt to EBITDA 0.3 $6.4 M Disciplined approach to balance sheet strength *All figures as of June 30, 2018 PAGE PAGE 9
EQUATION FOR GROWTH } { • NCIB DEBT + = STRONG LOW • Acquisitions CASH-FLOWS • Capex PAGE 10
NORTH AMERICA MARKET SIZE * $2B * Company estimate PAGE 11 PAGE
ENVIRONMENTAL GROUND PROTECTION Large Scale Infrastructure Projects SAFETY ACCESS INVESTOR PRESENTATION PAGE PAGE 12
POWER TRANSMISSION PIPELINE OIL + GAS CONSTRUCTION INVESTOR PRESENTATION PAGE PAGE 13
STRONG GROWTH DEMAND FOR INDUSTRIAL MATTING 5x Industry growth in last 10 years (17% CAGR) } = { $2 B CANADIAN FLEET + 700,000 3,000,000 AMERICAN FLEET N.A. MARKET SIZE We’re still at the front -end of a broad industrial adoption *All numbers are Company estimates PAGE 14
LARGE SCALE PROJECTS Keystone XL LNG Canada Trans Mountain DEMAND > SUPPLY Line 3 Coastal GasLink PAGE 15 PAGE
FRAGMENTED LANDSCAPE WESTERN CANADIAN PARTICIPANTS ACQUIRER OF CHOICE: • capital resources • debt • cash • equity • reputation Robust opportunity for consolidation STRAD PAGE PAGE 16
OUR MOMENTUM INDUSTRIAL MATTING FLEET 40.85% CAGR (2008 – 2018) 180,000 92,200 3,000 Potential to double 2008 2018 2021 our matting fleet by 2021 PAGE PAGE 17
SAFETY SCALE LOGISTICS RELIABILITY INVESTOR PRESENTATION PAGE PAGE 18
INVESTING IN MATTING TO ACHIEVE HIGH RETURNS POTENTIAL TO DOUBLE EQUIPMENT FIELD SALES FLEET BY 2021 $64 M Scaling to capitalize on the matting opportunity PAGE PAGE 19
RELENTLESS PURSUIT MATTING l HIGH GROWTH l HIGH RETURN PAGE 20 PAGE
S T R A D E N E R G Y.C O M INVESTOR PRESENTATION PAGE 21
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