SlideShare a Scribd company logo
1 of 18
Download to read offline
Investor Presentation | June 2012
FORWARD LOOKING INFORMATION
This presentation contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements")
within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements.
Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective",
"continuous", "ongoing", "estimate", "outlook", "expect", "may", "will", "project", "should" or similar words, including negatives thereof, suggesting future
outcomes. In particular, this presentation contains forward-looking statements relating to: future growth; results of operations; operational and financial
performance; projected capital expenditures and commitments and the financing thereof; expansion; increases in revenue; equipment delivery and deployment
dates; effect of rebranding; geographic allocation of equipment; customer commitments; ability to establish a working relationship with third party suppliers;
expectations regarding the Corporation's ability to raise capital and to increase its equipment fleet; benefits associated with financial results; activity levels; business
strategy; successful integration of structural changes; restructuring plans; organic growth potential; acquisitions and availability of insurance coverage. Aveda
believes the expectations reflected in such forward-looking statements are reasonable as of the date hereof but no assurance can be given that these expectations
will prove to be correct and such forward-looking statements should not be unduly relied upon.
Various material factors and assumptions are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements.
Those material factors and assumptions are based on information currently available to Aveda, including information obtained from third party industry analysts and
other third party sources. In some instances, material assumptions and material factors are presented elsewhere in this presentation in connection with the
forward-looking statements. Readers are cautioned that the following list of material factors and assumptions is not exhaustive. Specific material factors and
assumptions include, but are not limited to:
•        the performance of Aveda’s businesses, including current business and economic trends;
•        oil and natural gas commodity prices and production levels;
•        capital expenditure programs and other expenditures by Aveda and its customers:
•        the ability of Aveda to retain and hire qualified personnel;
•        the ability of Aveda to obtain parts, consumables, equipment, technology, and supplies in a timely manner to carry out its activities;
•        the ability of Aveda to maintain good working relationships with key suppliers;
•        the ability of Aveda to market its services successfully to existing and new customers;
•        the ability of Aveda to obtain timely financing on acceptable terms;
•        currency exchange and interest rates;
•        risks associated with foreign operations;
•        changes under governmental regulatory regimes and tax, environmental and other laws in Canada and the United States; and
•        a stable competitive environment.
Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such
forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Aveda’s actual performance and financial results in
future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and
uncertainties include, but are not limited to, the risks identified by Aveda’s annual information form and management discussion and analysis for the year ended
December 31, 2011 (the "MD&A") and contained herein under the heading "Risk Factors". Any forward-looking statements are made as of the date hereof and,
except as required by law, Aveda assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.                     2
COMPANY OVERVIEW

   Aveda Transportation and Energy Services (“Aveda” or the “Company”) is a growing provider of specialized oilfield
    hauling and rentals to the US and Western Canadian oil and gas industry
   Aveda was founded in 1994, went public in 2006 and was recapitalized in 2011
   The Company is well positioned to take advantage of attractive organic and acquisition growth opportunities
    throughout North America
   Multiple cross-over business opportunities achieved through oilfield hauling and rental business units

               Oilfield Hauling                                                         Oilfield Rentals
   Rig moving                                                          Matting
   Heavy hauling                                                       Tanks
   Hot shot services                                                   Light towers




                                                                                                                        3
MANAGEMENT AND BOARD OF DIRECTORS

                       Management                                             Independent Board Members
David Werklund – Chairman, Interim President and CEO              Martin Cheyne
 Has been the Chairman of Aveda since 2006 and was appointed      Has more than 25 years of diversified oil and gas experience
  Interim President and CEO of Aveda in September 2011             Founder of DeeThree Exploration Ltd.
 Began career in 1965 at Shell Canada as a Production Operator    Former President and Director of Dual Exploration Inc. and Devlan
 Founder and Chairman of the Board of Directors of CCS             Exploration Inc.; both purchased by Cyries Exploration Inc.
  Corporation (now Tervita Corporation)
 Co-Founder of Concord Well Servicing
                                                                  Doug McCartney
 Founder & Executive Chairman of Werklund Capital
                                                                   Managing Partner of Burstall Winger LLP
 The 2005 Ernst & Young's Canadian Entrepreneur of the Year
                                                                   Practices in the areas of securities and corporate finance and
Bharat Mahajan – CFO                                                corporate and commercial law
 Joined Aveda in October 2011                                     Director or officer of several public and private companies
 Held several positions with Magna International overseeing
  various international growth initiatives
                                                                  Paul Shelley
 Former CFO of several oilfield service companies, including
  WellPoint Systems Inc. and Norex Exploration Services Inc.       President of Convinco Financial Ltd.
                                                                   Former Senior Vice President, Corporate Development at Kos Corp.
                                                                    Investments Ltd.
Wayne Thompson – Vice President, Operations
                                                                   25 years experience finance experience with GE Capital and RBC
 More than 40 years of oilfield experience
 Previously President DC Energy Oilfield Rentals
 Former owner and CEO Radar Well Servicing




                                                                                                                                        4
MANAGEMENT TRACK RECORD

    David Werklund founded CCS Corporation (now Tervita Corporation) in 1984 and built it largely through the
     consolidation of several oilfield services companies and organic growth
    CCS privatized in 2007 for approximately C$3.5 billion (the largest Trust privatization in Canadian history)

                      Historical Shareholder Returns                   CCS Selected Historical Acquisitions

                                CAGR   Total Return

                          CCS   24%    2490%




    Source: FactSet                                                                                                 5
CAPITALIZATION SNAPSHOT

                            Capitalization                                                          Balance Sheet Summary (1)
  Share price (June 4, 2012)                                         $2.80         Operating Line Available ($mm)                               $12.3
  Shares Outstanding Basic (mm)(1)                                     10.0        Property and Equipment ($mm)                                 $35.3
  Shares Outstanding Fully Diluted (mm)(1)                             10.7        Working Capital ($mm)                                        $22.5

  FD Market Capitalization ($mm)                                     $30.1         Total Assets/Tangible Assets ($mm)                      $67.2/$66.8

  Net Debt ($mm)(1)
          Loans and Borrowings                                       $22.7
          Convertible Debenture (face)(2)                              $4.7                         Shareholder Summary (1)(4)
          Cash(1)(3)                                                -$11.9         Werklund Capital Corp                                        36.7%

  Total Net Debt ($mm)                                               $15.5         Other Insiders                                               16.5%

  Enterprise Value ($mm)                                             $45.6         Total Insiders                                               53.2%

(1) At March 31, 2012 and accounts for June 2012 $8mm bought deal financing
(2) Convertible into 1,850,980 common shares at $2.55
(3) Includes potential cash from exercise of all options and warrants of $2.7 million and adjusted for proceeds from June 2012 financing
(4) Calculated based on total basic shares outstanding as at March 31, 2012




                                                                                                                                                         6
OILFIELD HAULING MARKET

                                                      More than 2,500 Active Rigs in North America(1)
                                                                                                                      North American Active
     Aveda has a targeted growth                                                                                       Land Rig Count(1)
      plan that is focused on targeting                                      WCSB                                     2012            2,565
      oil/liquid rich weighted basins                                                                                 2011            2,252
      across North America                                                                                            2010            1,772
     Based on a recent market                                              616                                       2009            1,826
      analysis, Aveda estimates each
                                                                                                    Bakken
      rig moves approximately 1.4
      times per month or 17 times per                                                         207
      year (42,500 moves per year)
     Aveda’s reputation, customer                                                                                        137    Marcellus
      relationships and quality service
      results in high utilization of its
                                                                                               Barnett
      transportation equipment
                                                                                                55
                                        Active in Play / Region
                                        Recently Opened Office
                                                                                      301
                                        Expansion Opportunity                                       256      Eagle Ford
                                        Oil Focused                                 Permian
                                        NGL Focused

                                                                                                                                              7
    (1) Active rigs as at January 31, 2012; as per Baker Hughes & CAODC
NORTH AMERICAN OPERATIONS
   Eight offices located in the heart
                                                            Oilfield Hauling Locations
    of the key North American
    resource plays
   Significant expansion opportunities
    especially in U.S. markets
   Flexible workforce can be                                                            SLAVE LAKE
    transferred cross border to high
    activity areas
                                          GRAND PRAIRIE
   Experienced team of more than
    200 employees                             NISKU

                                                                                           MELITA
          Asset Allocation                  CALGARY



                                            MINERAL WELLS                                  WILLIAMSPORT
                              30%

                                           PLEASANTON



        70%


                                                                                                          8
              U.S.   Canada
OILFIELD HAULING OVERVIEW

     Modern, well maintained fleet
        2011: 390 pieces of equipment in fleet (114
            power units)
        2012: 63 pieces of equipment on order (25
            power units)
     203 employees (120 drivers)
     Fragmented industry makes for attractive
      consolidation opportunities
     Primary competitors include TransForce, Mullen, Flint
      and regional specialty haulers

        390 Pieces of Equipment in Hauling Fleet                       Blue Chip Customer Base

           Trailer                                              276

    Winch Tractor                      71

       Bed Truck              26

           Picker            15

       All-Terrain       2

                     0            50    100   150   200   250    300                             9
OILFIELD HAULING CASE STUDY

 Aveda has outperformed its competitors as a result of:
      Newer, more specialized equipment
      Experienced personnel
      Planning and communications
      Ability to meet industry demands for heavier equipment and larger loads

                                             40 mile rig move – Marcellus Shale (1)

                                    Competitor                               Aveda
                                       11 days                               4 days

 The Result:
      11% price premium for Aveda
      64% reduction in rig downtime for customer

  (1) 1,250 hp, jackknife triple rig, ~ 70 loads
                                                                                      10
OILFIELD RENTALS OVERVIEW

       Modern, well maintained equipment with 360
        pieces in the rentals fleet
       Currently contributes approximately 5% of total
        revenue
       Plan to build critical mass though the
        acquisition of competitors with similar or
        complementary equipment
       Typical acquisition multiples identified at 1.5x
        to 3.2x TTM EBITDA
        360 Pieces of Equipment in Rental Fleet               Blue Chip Customer Base

        Rig Mats                                  162

    400 Bbl Tanks                     92

     Light Towers                62

Miscellaneous               37

      Generators        8

                    0       50        100   150         200

                                                                                        11
GROWTH STRATEGY

Capital Expenditure Program
 $16 million capital budget for 2012
      $14 million for organic oilfield hauling fleet expansion
      Investing $1 million in transportation management systems
      Allocating $1 million for facility and leasehold improvements

Organic Growth Initiatives
 Additional $10 million in near term growth CapEx being evaluated
 Existing Customers
      Rig moving and ancillary equipment (e.g. tanks, trailers, etc.)
      Implement transportation management systems (e.g. GPS, satellite communications)
 Expansion into New Areas
      Target high activity resource plays focused on oil and NGL exploration

Growth Through Acquisitions
 Additional $15 - $35 million in near term growth CapEx being evaluated
 Acquire complementary fleets in both new and existing geographies
 Typical acquisition multiples of 1.5x to 3.5x TTM EBITDA
                                                                                          12
FINANCIAL PERFORMANCE: REVENUE

                 Aveda experienced 81% growth in 2011 revenue vs. 2010
                 Expansion into U.S. resource plays and increasing utilization
                 Growth in number of rigs in key operating areas/plays 2011 vs. 2010
                    Western Canada up 13%, Marcellus up 4%

                      Annual Historical Revenue ($mm)                      2011 Revenue by Geography

                $80
                                                        $72.2
                $70

                $60
                               $49.2                                      58%
Revenue ($mm)




                $50
                                                                                                 42%
                                               $39.8
                $40
                                       $33.9

                $30    $25.9

                $20

                $10

                $0                                                                 Canada   US
                       2007    2008    2009    2010     2011


                                                                                                       13
FINANCIAL PERFORMANCE: EBITDA

   Higher utilization across North America                        Annual EBITDA ($mm)
                                                    $12.0                            $11.3   24%

   Premium pricing in key resource plays           $10.0                                    20%

                                                                                     16%
                                                         $8.0                                16%




                                                                                                   EBITDA Margin
                                              EBITDA ($mm)
   Operational efficiencies resulting in
    increased margins                                    $6.0              11%               12%


                                                         $4.0   6%                           8%
                                                                           $4.2

                                                         $2.0                                4%
                                                                $2.1

                                                         $0.0                                0%
                                                                2009       2010      2011




                                                                                                                   14
RECAPITALIZATION OVERVIEW

    December 2011 Transaction Overview                  Proforma Werklund Capital Ownership
   $3.0mm Common Shares                           Pre Financing                              WCC Ownership % (1)
        With Werklund Capital @ $2.40 per share           3.5mm shares                                          28.2%
   $4.7mm Convertible Debenture                   Add: Equity Financing
        With Werklund Capital @ 4%, due Dec
                                                           0.1mm shares                                           0.9%
         2014, convertible @ $2.55
                                                   Add: Convertible Debentures (assume exercised)
   $35.0mm Operating Facility
                                                           1.9mm shares                                          14.6%
        With PNC Bank @ prime + 1.25%
                                                   Add: Dilutive Securities
   $5.0mm Accordion
                                                           0.2mm shares                                           1.3%
        With PNC Bank @ prime + 1.25%
                                                   Total Share Ownership (FD) (Post May 2012 financing)
                                                           5.7mm shares                                          45.1%
                                                   1)Assumes 12.7mm shares post conversion of the convertible debentures
                                                     and exercise of options and warrants.
                   Closed $48
                    million in
                    financing

                                                                                                                           15
ATTRACTIVE VALUATION




*Source: Factset, Bloomberg and company filings
1) Share price as of May 17, 2012
2) Enterprise Value calculated as market cap plus total debt minus cash
3) Estimates based on consensus research estimates                        16
INVESTMENT HIGHLIGHTS

   Proven management team with a history of value creation

   Solid industry fundamentals supported by strong commodity prices

   Clean balance sheet to support near-term growth initiatives

   Significant growth opportunities across emerging oil-weighted resource plays

   Flexible and experienced workforce to capture a range of growth opportunities




                                                                                    17
CONTACT




                    Bharat Mahajan, CA
                   Chief Financial Officer
          Aveda Transportation and Energy Services
               Suite 725, 435 – 4th Avenue SW
                         Calgary, AB
                          T2P 3A8
                       (403) 264-5769
             bharat.mahajan@avedaenergy.com

                                                     18

More Related Content

What's hot

SHAWGROUP02ar
SHAWGROUP02arSHAWGROUP02ar
SHAWGROUP02arfinance36
 
Socially responsible investors briefing, London, April 18th 2012
Socially responsible investors briefing, London, April 18th 2012Socially responsible investors briefing, London, April 18th 2012
Socially responsible investors briefing, London, April 18th 2012Shell plc
 
4Q11 Presentation
4Q11 Presentation4Q11 Presentation
4Q11 PresentationGafisa RI !
 
Graphite-is-black-gold-of-the-21st-century-industrial-alliance-securities
Graphite-is-black-gold-of-the-21st-century-industrial-alliance-securitiesGraphite-is-black-gold-of-the-21st-century-industrial-alliance-securities
Graphite-is-black-gold-of-the-21st-century-industrial-alliance-securitiesChristopher R Anderson
 
Assessment of the ANZ-RBS Merger in Asia Pacific
Assessment of the ANZ-RBS Merger in Asia PacificAssessment of the ANZ-RBS Merger in Asia Pacific
Assessment of the ANZ-RBS Merger in Asia Pacifichbhardwaj
 
Guyana Goldfields August 2012 Investor Presentation
Guyana Goldfields August 2012 Investor PresentationGuyana Goldfields August 2012 Investor Presentation
Guyana Goldfields August 2012 Investor Presentationjwagenaar734
 
August 2012 investor presentation
August 2012 investor presentationAugust 2012 investor presentation
August 2012 investor presentationjwagenaar734
 
Arp2012 ipaany conferencepresentation
Arp2012 ipaany conferencepresentationArp2012 ipaany conferencepresentation
Arp2012 ipaany conferencepresentationCompany Spotlight
 
Bank of America Merrill Lynch 2012 Global Metals, Mining & Steel Conference
Bank of America Merrill Lynch 2012 Global Metals, Mining & Steel ConferenceBank of America Merrill Lynch 2012 Global Metals, Mining & Steel Conference
Bank of America Merrill Lynch 2012 Global Metals, Mining & Steel ConferenceBarrickGold2012
 
Nal 2012 investor day and guidance presentation
Nal 2012 investor day and guidance presentationNal 2012 investor day and guidance presentation
Nal 2012 investor day and guidance presentationNALenergy
 
Presentation fiona
Presentation   fionaPresentation   fiona
Presentation fionaFionaTran08
 
dana holdings 3Q08Earnings
dana holdings 3Q08Earningsdana holdings 3Q08Earnings
dana holdings 3Q08Earningsfinance42
 
newmont mining Diggers_RClark
newmont mining Diggers_RClarknewmont mining Diggers_RClark
newmont mining Diggers_RClarkfinance37
 
Financial Statement Analysis - TAQA
Financial Statement Analysis - TAQAFinancial Statement Analysis - TAQA
Financial Statement Analysis - TAQADanial822
 
Investor Presentation - September 2011 (English)
Investor Presentation - September 2011 (English)Investor Presentation - September 2011 (English)
Investor Presentation - September 2011 (English)PetroMagdalena
 
Goldfarb Increase in Stake Presentation
Goldfarb Increase in Stake PresentationGoldfarb Increase in Stake Presentation
Goldfarb Increase in Stake PresentationPDG Realty
 

What's hot (20)

SHAWGROUP02ar
SHAWGROUP02arSHAWGROUP02ar
SHAWGROUP02ar
 
Socially responsible investors briefing, London, April 18th 2012
Socially responsible investors briefing, London, April 18th 2012Socially responsible investors briefing, London, April 18th 2012
Socially responsible investors briefing, London, April 18th 2012
 
4Q11 Presentation
4Q11 Presentation4Q11 Presentation
4Q11 Presentation
 
Graphite-is-black-gold-of-the-21st-century-industrial-alliance-securities
Graphite-is-black-gold-of-the-21st-century-industrial-alliance-securitiesGraphite-is-black-gold-of-the-21st-century-industrial-alliance-securities
Graphite-is-black-gold-of-the-21st-century-industrial-alliance-securities
 
Assessment of the ANZ-RBS Merger in Asia Pacific
Assessment of the ANZ-RBS Merger in Asia PacificAssessment of the ANZ-RBS Merger in Asia Pacific
Assessment of the ANZ-RBS Merger in Asia Pacific
 
Guyana Goldfields August 2012 Investor Presentation
Guyana Goldfields August 2012 Investor PresentationGuyana Goldfields August 2012 Investor Presentation
Guyana Goldfields August 2012 Investor Presentation
 
August 2012 investor presentation
August 2012 investor presentationAugust 2012 investor presentation
August 2012 investor presentation
 
Arp2012 ipaany conferencepresentation
Arp2012 ipaany conferencepresentationArp2012 ipaany conferencepresentation
Arp2012 ipaany conferencepresentation
 
Bank of America Merrill Lynch 2012 Global Metals, Mining & Steel Conference
Bank of America Merrill Lynch 2012 Global Metals, Mining & Steel ConferenceBank of America Merrill Lynch 2012 Global Metals, Mining & Steel Conference
Bank of America Merrill Lynch 2012 Global Metals, Mining & Steel Conference
 
Nal 2012 investor day and guidance presentation
Nal 2012 investor day and guidance presentationNal 2012 investor day and guidance presentation
Nal 2012 investor day and guidance presentation
 
Q4 & 2012 Earnings
Q4 & 2012 EarningsQ4 & 2012 Earnings
Q4 & 2012 Earnings
 
Ar engro2009
Ar engro2009Ar engro2009
Ar engro2009
 
Cabo Corporate Presentation
Cabo Corporate PresentationCabo Corporate Presentation
Cabo Corporate Presentation
 
Presentation fiona
Presentation   fionaPresentation   fiona
Presentation fiona
 
dana holdings 3Q08Earnings
dana holdings 3Q08Earningsdana holdings 3Q08Earnings
dana holdings 3Q08Earnings
 
newmont mining Diggers_RClark
newmont mining Diggers_RClarknewmont mining Diggers_RClark
newmont mining Diggers_RClark
 
DSP BlackRock World Energy Fund
DSP BlackRock World Energy FundDSP BlackRock World Energy Fund
DSP BlackRock World Energy Fund
 
Financial Statement Analysis - TAQA
Financial Statement Analysis - TAQAFinancial Statement Analysis - TAQA
Financial Statement Analysis - TAQA
 
Investor Presentation - September 2011 (English)
Investor Presentation - September 2011 (English)Investor Presentation - September 2011 (English)
Investor Presentation - September 2011 (English)
 
Goldfarb Increase in Stake Presentation
Goldfarb Increase in Stake PresentationGoldfarb Increase in Stake Presentation
Goldfarb Increase in Stake Presentation
 

Similar to Aveda Energy Investor Presentation

Aveda energy investor presentation apr 2013 final
Aveda energy investor presentation apr  2013   finalAveda energy investor presentation apr  2013   final
Aveda energy investor presentation apr 2013 finalAvedaEnergy
 
Aveda energy investor presentation may 2013
Aveda energy investor presentation may  2013Aveda energy investor presentation may  2013
Aveda energy investor presentation may 2013AvedaEnergy
 
Investor Presentation November 2013
Investor Presentation  November 2013Investor Presentation  November 2013
Investor Presentation November 2013AvedaEnergy
 
Investor Presentation September 2013
Investor Presentation September 2013Investor Presentation September 2013
Investor Presentation September 2013AvedaEnergy
 
Investor Presentation September 2013
Investor Presentation September 2013Investor Presentation September 2013
Investor Presentation September 2013AvedaEnergy
 
Investor Presentation September 2013
Investor Presentation September 2013Investor Presentation September 2013
Investor Presentation September 2013AvedaEnergy
 
Aveda energy investor presentation september 2013
Aveda energy investor presentation september  2013Aveda energy investor presentation september  2013
Aveda energy investor presentation september 2013AvedaEnergy
 
Vedantaindiaoperationssitevisit corporatepresentation[1]
Vedantaindiaoperationssitevisit corporatepresentation[1]Vedantaindiaoperationssitevisit corporatepresentation[1]
Vedantaindiaoperationssitevisit corporatepresentation[1]Vedanta Group
 
Eric Feldstein, CEO of GMAC LLC - Sale of Majority Interest in GMAC - Investo...
Eric Feldstein, CEO of GMAC LLC - Sale of Majority Interest in GMAC - Investo...Eric Feldstein, CEO of GMAC LLC - Sale of Majority Interest in GMAC - Investo...
Eric Feldstein, CEO of GMAC LLC - Sale of Majority Interest in GMAC - Investo...finance8
 
Corporate presentation april 11 2017 - final
Corporate presentation   april 11 2017 - finalCorporate presentation   april 11 2017 - final
Corporate presentation april 11 2017 - finalcorpaveda2015
 
Pace Oil and Gas Investor Presentation
Pace Oil and Gas Investor PresentationPace Oil and Gas Investor Presentation
Pace Oil and Gas Investor PresentationCompany Spotlight
 
2014 analyst day presentation final
2014 analyst day presentation final2014 analyst day presentation final
2014 analyst day presentation finalEnLinkMidstreamLLC
 
direc tv group The DIRECTV Group, Inc. Investor Day
direc tv group The DIRECTV Group, Inc. Investor Daydirec tv group The DIRECTV Group, Inc. Investor Day
direc tv group The DIRECTV Group, Inc. Investor Dayfinance15
 
NAS PPT Investor Presentatiuon 4.16.15
NAS PPT Investor Presentatiuon 4.16.15NAS PPT Investor Presentatiuon 4.16.15
NAS PPT Investor Presentatiuon 4.16.15Bob Chance
 
devon energy 2001 annual
devon energy 2001 annualdevon energy 2001 annual
devon energy 2001 annualfinance23
 
Westport FY2014 Q2 Financial Earnings Call
Westport FY2014 Q2 Financial Earnings CallWestport FY2014 Q2 Financial Earnings Call
Westport FY2014 Q2 Financial Earnings CallWestport
 
gannett 2005AR
gannett 2005ARgannett 2005AR
gannett 2005ARfinance30
 

Similar to Aveda Energy Investor Presentation (20)

Aveda energy investor presentation apr 2013 final
Aveda energy investor presentation apr  2013   finalAveda energy investor presentation apr  2013   final
Aveda energy investor presentation apr 2013 final
 
Aveda energy investor presentation may 2013
Aveda energy investor presentation may  2013Aveda energy investor presentation may  2013
Aveda energy investor presentation may 2013
 
Investor Presentation November 2013
Investor Presentation  November 2013Investor Presentation  November 2013
Investor Presentation November 2013
 
Investor Presentation September 2013
Investor Presentation September 2013Investor Presentation September 2013
Investor Presentation September 2013
 
Investor Presentation September 2013
Investor Presentation September 2013Investor Presentation September 2013
Investor Presentation September 2013
 
Investor Presentation September 2013
Investor Presentation September 2013Investor Presentation September 2013
Investor Presentation September 2013
 
Aveda energy investor presentation september 2013
Aveda energy investor presentation september  2013Aveda energy investor presentation september  2013
Aveda energy investor presentation september 2013
 
Vedantaindiaoperationssitevisit corporatepresentation[1]
Vedantaindiaoperationssitevisit corporatepresentation[1]Vedantaindiaoperationssitevisit corporatepresentation[1]
Vedantaindiaoperationssitevisit corporatepresentation[1]
 
Eric Feldstein, CEO of GMAC LLC - Sale of Majority Interest in GMAC - Investo...
Eric Feldstein, CEO of GMAC LLC - Sale of Majority Interest in GMAC - Investo...Eric Feldstein, CEO of GMAC LLC - Sale of Majority Interest in GMAC - Investo...
Eric Feldstein, CEO of GMAC LLC - Sale of Majority Interest in GMAC - Investo...
 
Corporate presentation april 11 2017 - final
Corporate presentation   april 11 2017 - finalCorporate presentation   april 11 2017 - final
Corporate presentation april 11 2017 - final
 
Pace Oil and Gas Investor Presentation
Pace Oil and Gas Investor PresentationPace Oil and Gas Investor Presentation
Pace Oil and Gas Investor Presentation
 
2014 analyst day presentation final
2014 analyst day presentation final2014 analyst day presentation final
2014 analyst day presentation final
 
direc tv group The DIRECTV Group, Inc. Investor Day
direc tv group The DIRECTV Group, Inc. Investor Daydirec tv group The DIRECTV Group, Inc. Investor Day
direc tv group The DIRECTV Group, Inc. Investor Day
 
NAS PPT Investor Presentatiuon 4.16.15
NAS PPT Investor Presentatiuon 4.16.15NAS PPT Investor Presentatiuon 4.16.15
NAS PPT Investor Presentatiuon 4.16.15
 
devon energy 2001 annual
devon energy 2001 annualdevon energy 2001 annual
devon energy 2001 annual
 
Cabo may13pres
Cabo may13presCabo may13pres
Cabo may13pres
 
Cabo feb13presentation
Cabo feb13presentationCabo feb13presentation
Cabo feb13presentation
 
Westport FY2014 Q2 Financial Earnings Call
Westport FY2014 Q2 Financial Earnings CallWestport FY2014 Q2 Financial Earnings Call
Westport FY2014 Q2 Financial Earnings Call
 
Emerald Bay Energy
Emerald Bay EnergyEmerald Bay Energy
Emerald Bay Energy
 
gannett 2005AR
gannett 2005ARgannett 2005AR
gannett 2005AR
 

Recently uploaded

Guide Complete Set of Residential Architectural Drawings PDF
Guide Complete Set of Residential Architectural Drawings PDFGuide Complete Set of Residential Architectural Drawings PDF
Guide Complete Set of Residential Architectural Drawings PDFChandresh Chudasama
 
APRIL2024_UKRAINE_xml_0000000000000 .pdf
APRIL2024_UKRAINE_xml_0000000000000 .pdfAPRIL2024_UKRAINE_xml_0000000000000 .pdf
APRIL2024_UKRAINE_xml_0000000000000 .pdfRbc Rbcua
 
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdfNewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdfKhaled Al Awadi
 
Buy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy Verified Accounts
 
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu MenzaYouth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menzaictsugar
 
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607dollysharma2066
 
TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024Adnet Communications
 
Organizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessOrganizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessSeta Wicaksana
 
FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607dollysharma2066
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCRashishs7044
 
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCRashishs7044
 
8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCR8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCRashishs7044
 
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03DallasHaselhorst
 
PSCC - Capability Statement Presentation
PSCC - Capability Statement PresentationPSCC - Capability Statement Presentation
PSCC - Capability Statement PresentationAnamaria Contreras
 
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCRashishs7044
 
Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Anamaria Contreras
 
8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCRashishs7044
 
Cyber Security Training in Office Environment
Cyber Security Training in Office EnvironmentCyber Security Training in Office Environment
Cyber Security Training in Office Environmentelijahj01012
 
Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Kirill Klimov
 
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptxThe-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptxmbikashkanyari
 

Recently uploaded (20)

Guide Complete Set of Residential Architectural Drawings PDF
Guide Complete Set of Residential Architectural Drawings PDFGuide Complete Set of Residential Architectural Drawings PDF
Guide Complete Set of Residential Architectural Drawings PDF
 
APRIL2024_UKRAINE_xml_0000000000000 .pdf
APRIL2024_UKRAINE_xml_0000000000000 .pdfAPRIL2024_UKRAINE_xml_0000000000000 .pdf
APRIL2024_UKRAINE_xml_0000000000000 .pdf
 
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdfNewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
 
Buy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail Accounts
 
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu MenzaYouth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
 
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
 
TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024
 
Organizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessOrganizational Structure Running A Successful Business
Organizational Structure Running A Successful Business
 
FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
 
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
 
8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCR8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCR
 
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03
 
PSCC - Capability Statement Presentation
PSCC - Capability Statement PresentationPSCC - Capability Statement Presentation
PSCC - Capability Statement Presentation
 
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
 
Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.
 
8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR
 
Cyber Security Training in Office Environment
Cyber Security Training in Office EnvironmentCyber Security Training in Office Environment
Cyber Security Training in Office Environment
 
Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024
 
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptxThe-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
 

Aveda Energy Investor Presentation

  • 2. FORWARD LOOKING INFORMATION This presentation contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "may", "will", "project", "should" or similar words, including negatives thereof, suggesting future outcomes. In particular, this presentation contains forward-looking statements relating to: future growth; results of operations; operational and financial performance; projected capital expenditures and commitments and the financing thereof; expansion; increases in revenue; equipment delivery and deployment dates; effect of rebranding; geographic allocation of equipment; customer commitments; ability to establish a working relationship with third party suppliers; expectations regarding the Corporation's ability to raise capital and to increase its equipment fleet; benefits associated with financial results; activity levels; business strategy; successful integration of structural changes; restructuring plans; organic growth potential; acquisitions and availability of insurance coverage. Aveda believes the expectations reflected in such forward-looking statements are reasonable as of the date hereof but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. Various material factors and assumptions are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Those material factors and assumptions are based on information currently available to Aveda, including information obtained from third party industry analysts and other third party sources. In some instances, material assumptions and material factors are presented elsewhere in this presentation in connection with the forward-looking statements. Readers are cautioned that the following list of material factors and assumptions is not exhaustive. Specific material factors and assumptions include, but are not limited to: • the performance of Aveda’s businesses, including current business and economic trends; • oil and natural gas commodity prices and production levels; • capital expenditure programs and other expenditures by Aveda and its customers: • the ability of Aveda to retain and hire qualified personnel; • the ability of Aveda to obtain parts, consumables, equipment, technology, and supplies in a timely manner to carry out its activities; • the ability of Aveda to maintain good working relationships with key suppliers; • the ability of Aveda to market its services successfully to existing and new customers; • the ability of Aveda to obtain timely financing on acceptable terms; • currency exchange and interest rates; • risks associated with foreign operations; • changes under governmental regulatory regimes and tax, environmental and other laws in Canada and the United States; and • a stable competitive environment. Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Aveda’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risks identified by Aveda’s annual information form and management discussion and analysis for the year ended December 31, 2011 (the "MD&A") and contained herein under the heading "Risk Factors". Any forward-looking statements are made as of the date hereof and, except as required by law, Aveda assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise. 2
  • 3. COMPANY OVERVIEW  Aveda Transportation and Energy Services (“Aveda” or the “Company”) is a growing provider of specialized oilfield hauling and rentals to the US and Western Canadian oil and gas industry  Aveda was founded in 1994, went public in 2006 and was recapitalized in 2011  The Company is well positioned to take advantage of attractive organic and acquisition growth opportunities throughout North America  Multiple cross-over business opportunities achieved through oilfield hauling and rental business units Oilfield Hauling Oilfield Rentals  Rig moving  Matting  Heavy hauling  Tanks  Hot shot services  Light towers 3
  • 4. MANAGEMENT AND BOARD OF DIRECTORS Management Independent Board Members David Werklund – Chairman, Interim President and CEO Martin Cheyne  Has been the Chairman of Aveda since 2006 and was appointed  Has more than 25 years of diversified oil and gas experience Interim President and CEO of Aveda in September 2011  Founder of DeeThree Exploration Ltd.  Began career in 1965 at Shell Canada as a Production Operator  Former President and Director of Dual Exploration Inc. and Devlan  Founder and Chairman of the Board of Directors of CCS Exploration Inc.; both purchased by Cyries Exploration Inc. Corporation (now Tervita Corporation)  Co-Founder of Concord Well Servicing Doug McCartney  Founder & Executive Chairman of Werklund Capital  Managing Partner of Burstall Winger LLP  The 2005 Ernst & Young's Canadian Entrepreneur of the Year  Practices in the areas of securities and corporate finance and Bharat Mahajan – CFO corporate and commercial law  Joined Aveda in October 2011  Director or officer of several public and private companies  Held several positions with Magna International overseeing various international growth initiatives Paul Shelley  Former CFO of several oilfield service companies, including WellPoint Systems Inc. and Norex Exploration Services Inc.  President of Convinco Financial Ltd.  Former Senior Vice President, Corporate Development at Kos Corp. Investments Ltd. Wayne Thompson – Vice President, Operations  25 years experience finance experience with GE Capital and RBC  More than 40 years of oilfield experience  Previously President DC Energy Oilfield Rentals  Former owner and CEO Radar Well Servicing 4
  • 5. MANAGEMENT TRACK RECORD  David Werklund founded CCS Corporation (now Tervita Corporation) in 1984 and built it largely through the consolidation of several oilfield services companies and organic growth  CCS privatized in 2007 for approximately C$3.5 billion (the largest Trust privatization in Canadian history) Historical Shareholder Returns CCS Selected Historical Acquisitions CAGR Total Return CCS 24% 2490% Source: FactSet 5
  • 6. CAPITALIZATION SNAPSHOT Capitalization Balance Sheet Summary (1) Share price (June 4, 2012) $2.80 Operating Line Available ($mm) $12.3 Shares Outstanding Basic (mm)(1) 10.0 Property and Equipment ($mm) $35.3 Shares Outstanding Fully Diluted (mm)(1) 10.7 Working Capital ($mm) $22.5 FD Market Capitalization ($mm) $30.1 Total Assets/Tangible Assets ($mm) $67.2/$66.8 Net Debt ($mm)(1) Loans and Borrowings $22.7 Convertible Debenture (face)(2) $4.7 Shareholder Summary (1)(4) Cash(1)(3) -$11.9 Werklund Capital Corp 36.7% Total Net Debt ($mm) $15.5 Other Insiders 16.5% Enterprise Value ($mm) $45.6 Total Insiders 53.2% (1) At March 31, 2012 and accounts for June 2012 $8mm bought deal financing (2) Convertible into 1,850,980 common shares at $2.55 (3) Includes potential cash from exercise of all options and warrants of $2.7 million and adjusted for proceeds from June 2012 financing (4) Calculated based on total basic shares outstanding as at March 31, 2012 6
  • 7. OILFIELD HAULING MARKET More than 2,500 Active Rigs in North America(1) North American Active  Aveda has a targeted growth Land Rig Count(1) plan that is focused on targeting WCSB 2012 2,565 oil/liquid rich weighted basins 2011 2,252 across North America 2010 1,772  Based on a recent market 616 2009 1,826 analysis, Aveda estimates each Bakken rig moves approximately 1.4 times per month or 17 times per 207 year (42,500 moves per year)  Aveda’s reputation, customer 137 Marcellus relationships and quality service results in high utilization of its Barnett transportation equipment 55 Active in Play / Region Recently Opened Office 301 Expansion Opportunity 256 Eagle Ford Oil Focused Permian NGL Focused 7 (1) Active rigs as at January 31, 2012; as per Baker Hughes & CAODC
  • 8. NORTH AMERICAN OPERATIONS  Eight offices located in the heart Oilfield Hauling Locations of the key North American resource plays  Significant expansion opportunities especially in U.S. markets  Flexible workforce can be SLAVE LAKE transferred cross border to high activity areas GRAND PRAIRIE  Experienced team of more than 200 employees NISKU MELITA Asset Allocation CALGARY MINERAL WELLS WILLIAMSPORT 30% PLEASANTON 70% 8 U.S. Canada
  • 9. OILFIELD HAULING OVERVIEW  Modern, well maintained fleet  2011: 390 pieces of equipment in fleet (114 power units)  2012: 63 pieces of equipment on order (25 power units)  203 employees (120 drivers)  Fragmented industry makes for attractive consolidation opportunities  Primary competitors include TransForce, Mullen, Flint and regional specialty haulers 390 Pieces of Equipment in Hauling Fleet Blue Chip Customer Base Trailer 276 Winch Tractor 71 Bed Truck 26 Picker 15 All-Terrain 2 0 50 100 150 200 250 300 9
  • 10. OILFIELD HAULING CASE STUDY  Aveda has outperformed its competitors as a result of:  Newer, more specialized equipment  Experienced personnel  Planning and communications  Ability to meet industry demands for heavier equipment and larger loads 40 mile rig move – Marcellus Shale (1) Competitor Aveda 11 days 4 days  The Result:  11% price premium for Aveda  64% reduction in rig downtime for customer (1) 1,250 hp, jackknife triple rig, ~ 70 loads 10
  • 11. OILFIELD RENTALS OVERVIEW  Modern, well maintained equipment with 360 pieces in the rentals fleet  Currently contributes approximately 5% of total revenue  Plan to build critical mass though the acquisition of competitors with similar or complementary equipment  Typical acquisition multiples identified at 1.5x to 3.2x TTM EBITDA 360 Pieces of Equipment in Rental Fleet Blue Chip Customer Base Rig Mats 162 400 Bbl Tanks 92 Light Towers 62 Miscellaneous 37 Generators 8 0 50 100 150 200 11
  • 12. GROWTH STRATEGY Capital Expenditure Program  $16 million capital budget for 2012  $14 million for organic oilfield hauling fleet expansion  Investing $1 million in transportation management systems  Allocating $1 million for facility and leasehold improvements Organic Growth Initiatives  Additional $10 million in near term growth CapEx being evaluated  Existing Customers  Rig moving and ancillary equipment (e.g. tanks, trailers, etc.)  Implement transportation management systems (e.g. GPS, satellite communications)  Expansion into New Areas  Target high activity resource plays focused on oil and NGL exploration Growth Through Acquisitions  Additional $15 - $35 million in near term growth CapEx being evaluated  Acquire complementary fleets in both new and existing geographies  Typical acquisition multiples of 1.5x to 3.5x TTM EBITDA 12
  • 13. FINANCIAL PERFORMANCE: REVENUE  Aveda experienced 81% growth in 2011 revenue vs. 2010  Expansion into U.S. resource plays and increasing utilization  Growth in number of rigs in key operating areas/plays 2011 vs. 2010  Western Canada up 13%, Marcellus up 4% Annual Historical Revenue ($mm) 2011 Revenue by Geography $80 $72.2 $70 $60 $49.2 58% Revenue ($mm) $50 42% $39.8 $40 $33.9 $30 $25.9 $20 $10 $0 Canada US 2007 2008 2009 2010 2011 13
  • 14. FINANCIAL PERFORMANCE: EBITDA  Higher utilization across North America Annual EBITDA ($mm) $12.0 $11.3 24%  Premium pricing in key resource plays $10.0 20% 16% $8.0 16% EBITDA Margin EBITDA ($mm)  Operational efficiencies resulting in increased margins $6.0 11% 12% $4.0 6% 8% $4.2 $2.0 4% $2.1 $0.0 0% 2009 2010 2011 14
  • 15. RECAPITALIZATION OVERVIEW December 2011 Transaction Overview Proforma Werklund Capital Ownership  $3.0mm Common Shares Pre Financing WCC Ownership % (1)  With Werklund Capital @ $2.40 per share 3.5mm shares 28.2%  $4.7mm Convertible Debenture Add: Equity Financing  With Werklund Capital @ 4%, due Dec 0.1mm shares 0.9% 2014, convertible @ $2.55 Add: Convertible Debentures (assume exercised)  $35.0mm Operating Facility 1.9mm shares 14.6%  With PNC Bank @ prime + 1.25% Add: Dilutive Securities  $5.0mm Accordion 0.2mm shares 1.3%  With PNC Bank @ prime + 1.25% Total Share Ownership (FD) (Post May 2012 financing) 5.7mm shares 45.1% 1)Assumes 12.7mm shares post conversion of the convertible debentures and exercise of options and warrants. Closed $48 million in financing 15
  • 16. ATTRACTIVE VALUATION *Source: Factset, Bloomberg and company filings 1) Share price as of May 17, 2012 2) Enterprise Value calculated as market cap plus total debt minus cash 3) Estimates based on consensus research estimates 16
  • 17. INVESTMENT HIGHLIGHTS  Proven management team with a history of value creation  Solid industry fundamentals supported by strong commodity prices  Clean balance sheet to support near-term growth initiatives  Significant growth opportunities across emerging oil-weighted resource plays  Flexible and experienced workforce to capture a range of growth opportunities 17
  • 18. CONTACT Bharat Mahajan, CA Chief Financial Officer Aveda Transportation and Energy Services Suite 725, 435 – 4th Avenue SW Calgary, AB T2P 3A8 (403) 264-5769 bharat.mahajan@avedaenergy.com 18