CAPP Scotiabank Investment Symposium. April 12-13, 2016

Transcription

1 CAPP Scotiabank Investment Symposium April 12-13, 2016

2 Future Oriented Information 2

3 Who We Are Fully integrated remote accommodation and ancillary infrastructure provider 3

4 Self Perform Business Model 4

5 Vision & Mission Statement Our Vision. To provide an exceptional experience for customers, guests, employees, shareholders, and business partners. Our Mission. Horizon North provides superior, safe, self-performed accommodations and related ancillary infrastructure in Canada and Alaska. 5

6 Core Values Our Values. Horizon North s Core Values define who we are, how we expect to be treated, how we act and guide our business decisions. Safety: We never compromise on safety, as lives depend on it. Integrity: We build trust and act with honesty, respect and fairness. Community: We think globally and act locally. Customer Focus: We meet or exceed customer requirements in everything we do. 6

7 Safety Hospitality Recipient Stats estimated to end of March

8 Aboriginal Relationships Horizon North recognizes the importance of building positive relationships with Aboriginal Communities in regions where we conduct our business and strives to involve those communities in business partnerships which allow them to participate in economic and employment opportunities. We believe this partnering strategy enhances our service offerings to our Customers and helps to build capacity within the AboriginalCommunities

9 Where We Operate Revenue % 30 40% - W5/W6 Liquids rich natural gas 40 50% - Oilsands 30/70% - Mining/SAGD 66/33% - Capex/Opex 20% - Non - Energy 9

10 Transformational Change EXTERNAL Strategy & Customer Focus FUNCTIONAL Operating Business Units FOUNDATIONAL Enabling Business Units 10

11 Lean Manufacturing 11

12 Quality Key Quality Themes: 1. Prevention not detection 2. Everyone is responsible 3. Cost of quality 4. Right first time 5. Continuous improvement Quality Focus: Our existence dependsuponour CUSTOMERS. Satisfyingtheir requirements must be our main aim. We can only do this by putting QUALITY INTO EVERYTHING WE DO. Our customers expect quality because: They want a product that is reliable They want it to meet their requirements They want value for money They want to be proud to rent/own a Horizon North product Quality is continually satisfying all customer requirements It is not a luxury It is not just meeting our own standard A QUALITY COMPANY lives for its customers. Our customers decide what THE STANDARDS ARE, because they have a choice! Our customers are the only judge of whether we are a quality organization. 12

13 Business Information Systems (BIS) BIS Manufacturing 2018 Finance/Accounting 2017 Legal 2016 Hospitality & Guest Services QHSE Human Resources Transportation & Logistics Sales, Marketing, Aboriginal Affairs Ongoing Next Steps Future 13

14 Balance Sheet Focus Financial Strength Conservative leverage 0.9x Debt/TTM EBITDAS (Dec. 31/15) Disciplined Capital Allocation Cash flow management Financial Flexibility Bank lines expanded Q Bank covenants updated Q Well timed equity raise Q

15 Diversification 1) Geographies 2) End Markets 3) Products & Services 15

16 Horizon North Growth Areas Alaska North Slope W5/W6 LNG Feedstock Oilsands LNG Facilities & related infrastructure Non Energy 16

17 Permanent Modular 17

18 Golden Triangle Prince Rupert Terrace Kitimat 18

19 LNG Development Kitimat HNL Land Location Kitimat LNG Canada (Shell) Douglas Channel LNG (AltaGas) Kitimat LNG (Chevron) 19

20 LNG Development Prince Rupert/ Port Edward WCC LNG (Exxon Mobil) HNL Land Location HNL Land Location HNL Land Location Pacific Northwest LNG (Petronas) 20

21 LNG Exposure Summary Kitimat Owned land 57 acres (16 acres camp; 14 acres commercial; 27 acres residential) Up to 1,000 open camp rooms Future commercial and residential development Prince Rupert Option to lease 2 parcels 6 acres up to 300 executive style open lodge rooms 57 acres up to 2,500 open lodge rooms Port Edward Area Option to lease 2 parcels Up to 40 acres Watson Island up to 3,500 executive style lodge rooms 12 acres up to 700 executive style open lodge rooms Terrace Leased land 5 acres Staging base and transportation hub 21

22 Experienced Leadership Directors Ann Rooney Brad Fedora Dale Tremblay Kevin Nabholz Richard Ballantyne Mary Garden (pending) Rod Graham Russell Newmark, Chairman of the Board Executive Team Rod Graham President and Chief Executive Officer Scott Matson Senior Vice President and Chief Financial Officer Craig Shenher Senior Vice President Business Development Warren Murray Senior Vice President Camps & Catering Operations Kapul Gill Vice President Manufacturing Darren Bolding General Manager Horizon North Power Systems Mike Hammerschmidt Vice President Transportation & Logistics Bill Anderson Vice President HSE and Quality Pat Hammerschmidt Vice President Aboriginal & Community Relations Ben Bazinet Vice President Human Resources Lyle Guard Vice President Legal & General Counsel Steve Stretch Vice President Business Information Services Jeff Thomas Vice President Sales & Marketing Jan Campbell Corporate Secretary 22

23 Our Vision. To provide an exceptional experience for customers, guests, employees, shareholders, and business partners. Our Mission. Horizon North provides superior, safe, self-performed accommodations and related ancillary infrastructure in Canada and Alaska. horizonnorth.ca 23