A LEADING PROVIDER OF WATER RESOURCE CONSTRUCTION, MANAGEMENT, DRILLING, AND UTILITIES SOLUTIONS. FLDrilling.com

Transcription

1 A LEADING PROVIDER OF WATER RESOURCE CONSTRUCTION, MANAGEMENT, DRILLING, AND UTILITIES SOLUTIONS FLDrilling.com 2019

2 A Growing Company Contents Company Highlights Company Overview Introduction to Management Company History Rig Overview Operations Services Industry Trends Appendices Health, Safety & Environmental Policy Employees Contact Information

3 Company Highlights A LEADING PROVIDER OF WATER RESOURCE CONSTRUCTION, MANAGEMENT, DRILLING AND UTILITIES SOLUTIONS ESTABLISHED Impeccable Track Record EXPERIENCED Preeminent Senior Leadership and Crew REPUTABLE Known and Trusted Contractor in Florida

4 Company Highlights Preeminent Senior Leadership and Crew CEO, Dan Ringdahl, has 30 years of well-drilling experience in Florida and 43 years of experience overall. Dan has drilled more than 1,000 water wells in his career and is a third generation well-driller Respected by the industry as having some of the best crews in the business, consistently minimizing downtime, and ongoing improvement in operating performance Management has consistently exceeded client expectations for project execution Impeccable Track Record 100% on-time and on-budget track record in its 13-year history Trusted reputation and brand have led to preferred contractor status in Florida Proven capability and operating expertise provide a significant advantage over competition

5 Company Highlights Known and Trusted Contractor in Florida Key clients include: Seacoast Utility Authority, Broward County, City of Coral Springs, City of Lake Worth, City of Port St. Lucie, City of St. Petersburg, City of Sunrise, City of St. Cloud, City of West Palm Beach, Florida Keys Aqueduct Authority (FKAA), North Springs Improvement District, Ocean Reef Club, Orlando Utility Commission, Palm Beach County, Polk Regional Water Cooperative, Seminole Tribe of Florida, Tampa Bay Water, Town of Davie Key consultant relationships include: AECOM, Arcadis, ASRus, CDM, CH2MHill, McNabb Hydrogeologic Inc., Tetra Tech and Wharton-Smith

6 Company Highlights

7 Company Overview

8 Proven Track Record For over 100 years the Ringdahl family of Florida Drilling has been trusted with some of the most challenging municipal, industrial, irrigation, and commercial water drilling projects. As fourth generation inheritors of this legacy, Florida Drilling has embedded the values of hard work, excellence, and honesty into our culture to uphold the water drilling heritage of our family. Dan Ringdahl CEO, Co-Owner 43 yrs industry experience Noah Ringdahl President, Co-Owner 16 yrs industry experience Mike Black VP Well Drilling 20 yrs industry experience Bruce Balmer VP Drilling Operations 30 yrs industry experience Jeffrey Holst VP General Construction 14 yrs industry experience

9 Leadership Dan Ringdahl CEO Noah Ringdahl President Mike Black VP Well Drilling Estevan Mariani Director Facilities & Fleet Jeff Holst VP General Construction Claire Dezotell VP Administration & Corporate Secretary Paula Williams Controller Bruce Balmer VP Drilling Operations Nick Martin Project Manager Lou Goldberg General Superintendent Well Operations Miguel Lequerica Project Manager Jay Bright General Superintendent

10 Company History Corporate Milestones April 2005 FDD incorporated in Florida May 2008 Noah Ringdahl joins as Project Engineer January 2010 Dan Ringdahl buys out partner to become 90% owner January 2010 Noah becomes 10% owner in buyout January 2011 Noah increases ownership to 25% November 2012 Construction complete on class leading, custom 225,000# class rig, all electric design November 2013 Jeffrey Holst joins as Project Engineer and General Contractor January 2014 Dan and Noah purchase new location for FDD at 7733 Hooper Road - a 10,000 SF Building on 3.5 acres February 2014 FDD relocates to Hooper Road location - logistics greatly enhanced January 2015 Noah increases ownership to 50% July 2015 Jeffrey Holst promoted to VP September 2016 Mike Black joins as Drilling Project Manager September 2017 Mike Black promoted to VP March 2018 Bruce Balmer promoted to VP September 2018 Dan becomes CEO and Noah promoted to President

11 Rig Overview E1 225,000# Mast 68 Super Single Configuration Capabilities include: DIW All Electric Operation Portable for Urban and Quiet Sites Movable Without Special Permits; All Loads are Legal Weight and Size Full Reverse Air / Mud Capable 3,000 + Capacity E2 500,000# Mast 102 Top Drive Doubles Configuration Capabilities include: DIW All Electric Operation Portable for Urban and Quiet Sites Movable Without Special Permits; All Loads are Legal Weight and Size Full Reverse Air / Mud Capable 5,000 + Capacity E3 All Electric Operation Portable with Small Footprint Configurable to Accommodate Compact Sites Specialty Unit - Replacement of Existing Wells in Place via Over- Drill Method

12 Rig Overview DR3 175,000# Mast 68 Super Single Configuration Capabilities include: Floridian Well Construction Deep Monitor Well Construction Mud and Reverse Air Setup Electric Table Drive for Quiet Operations DR7 Versa-Drill See Notes 40,000# Mast Capabilities include: Shallow Well Construction Floridan Well Construction Mud and Reverse Air Setup DR8 Versa-Drill 70,000# Mast Capabilities include: Shallow Well Construction Floridan Well Construction Deep Monitor Well Construction Mud and Reverse Air Setup

13 Operations

14 Services Water Well Drilling & Construction Services Public Water Supply Wells Screen & Gravel Pack Completions Open Hole Completions Multi Zone Completions Well Reconstruction Upper Floridan Aquifer RO Supply Wells Design Build Class I Deep Injection Well System; Florida Drilling Team includes Permitting, Design, Construction, Testing & Outfitting Services During Construction & Reporting Other Well Types UIC Deep Injection Wells (Class I and Class V) Complex Multi Zone Deep Monitor Wells Single Zone Deep Monitor Wells Aquifer Storage & Recovery Wells Aquifer Recharge Wells Exploratory Wells Agricultural Wells Industrial Wells Geothermal Wells

15 Services Water Well Drilling & Construction Capabilities Well Testing and Specialties Single & Dual Element Packer Testing Deep Well Coring Well Acidization Well Brushing, Jetting & Pump Development Well Chlorination & Disinfection Aquifer Performance Testing Well Step Draw Down Testing Wellhead Modifications & Repairs Well Abandonment Well Cementing DIW Mechanical Integrity Testing Steel, PVC & Fiberglass Reinforced Plastic Well Casing

16 Services General Construction General Contractor Services Design Build Services Water Plant Construction Waste Water Plant Construction Underground Piping General Construction Services Above Ground Piping & Equipment Water Treatment Processes Other Services Wellfield & Well Drilling Troubleshooting Well Drilling Consulting Drilling Equipment Design and Fabrication Variable Frequency Drive (VFD) System analysis, installation and troubleshooting Water Quality Test Pump Installation

17 Industry Trends Projects becoming multi-faceted with larger dollar contracts, and more complex from a logistics and management standpoint. Projects combine well construction, testing and entire well outfitting including heads, piping, electrical, I&C, etc. for complete water solution. High-value design build projects becoming more prevalent; Florida Drilling is currently under contract as prime for complete design build of a Class I Deep Injection Well system and a Biscayne Aquifer supply well. Increased use of Deep Injection Well projects to comply with elimination of ocean outfall and as a mechanism to mitigate excessive Lake flows to estuaries. Significant hydrogeologic investigation via deep test wells and monitor wells in central region of State. Large scale ($100MM+) Deep Injection Well projects in Miami-Dade and Broward Counties.

18 Recent Projects Florida Drilling Headquarters Select Projects and Project Locations

19 Looking Forward $28MM Backlog for 2019 Florida Drilling currently has under contract 6 additional Deep Wells and 16 Municipal Supply Wells which will be constructed over the next 12 months: Class I Tubing & Packer Deep Injection Well Design Build Project Dual-Zone Deep Injection Well Monitor Well Two Dual-Zone Upper & Lower Floridan Monitor Wells Two Lower Floridan Aquifer Test Wells Three Biscayne Aquifer Supply Wells Thirteen Surficial Aquifer Supply Wells Work currently in procurement phase or renewing: Upper Floridan Aquifer Supply Well Design Build including Well Outfitting ($1.835M anticipated to be under contract Q1 2019) Continuing Services Contracts for Well Rehabilitation & Well Reconstruction for four clients (Wellington, NSID, Broward County, City of Lake Worth)

20 Looking Forward 2-year Industry Projection Upcoming Bid Opportunities and Industry Outlook: City of Bradenton Aquifer Recharge Well ($2M) City of Deltona, Either Aquifer Recharge Wells or Injection Wells ($4M) City of Sanford Aquifer Recharge Wells ($2M) City of St. Petersburg Northeast & Northwest WWTP Site One Class I Deep Injection Well ($8M) City of Tampa Aquifer Recharge Well ($2M) Clay County LFA Aquifer Recharge ($2M) Miami-Dade WASD, up to 30 new Class I Deep Injection Wells ($150M) North Pinellas County Reclaimed ASR System ($2M) Osceola County Class V Deep Injection Well ($3M) Pasco County Class I Deep Injection Well ($5M) Palm Beach County WUD Class I Deep Injection Well ($6M) SFMWD Deep Injection Wells for Estuary Protection Wells Lake runoff ($6M each) South Hillsborough County Aquifer Recharge Wells ($4M) St. Johns Upper Floridan Aquifer Recharge Well ($1.5M) TECO Big Bend Two LFA Wells Tubing and Packer ($4M) TOHO Water Authority Cypress Lakes One Deep Injection Well Class V for Concentrate Disposal ($4M)

21 Appendices

22 Corporate Responsibility Health, Safety & Environment Full-scope HSE Policy in place Weekly safety meetings Drug free work place with pre-employment, random, and post-accident testing. Testing is conducted by Total Compliance Network, an independent service provider Excellent industry safety record with significant Workers Comp discounts earned annually OSHA-trained supervisors with continuing education to maintain certifications Reduced impact on environment through smart drilling techniques that include lowimpact rigs, all-electric equipment, and progressive site remediation procedures Training Full-scope employment handbook in place Full-scope training procedures in place that include an apprenticeship process for all field positions Emphasis on internal promotions Homogenous equipment operating procedures throughout the company and on all rigs for greater crew flexibility and crew confidence Cross-training required for all field positions Periodic Mud School training conducted by Baroid / Halliburton

23 Employees 23 Benefits Health insurance benefit provided for all full time employees (100% for salaried employees, 50% for hourly employees) Dental, Life, Long- & Short-term Disability insurance available 401K with match for all vested employees Paid time off (PTO) policy for all employees upon completion of probationary period Paid holiday policy with seven paid holidays annually for eligible employees

24 Florida Design Drilling Corp Hooper Rd West Palm Beach, FL E: Daniel Ringdahl CEO Jeffrey Holst VP General Construction M: E: M: E: Noah Ringdahl President Claire Dezotell VP Administration M: E: M: E: Michael Black VP Well Drilling Paula Williams Controller M: E: M: E: Bruce Balmer VP Drilling Operations M: E: