MNP OILFIELD SERVICES. We Put Energy Into Knowing Your Business

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1 MNP OILFIELD SERVICES We Put Energy Into Knowing Your Business

2 THE OILFIELD SERVICES SECTOR HAS CHANGED MORE IN THE LAST FIVE YEARS THAN THE PREVIOUS FIFTY. Jeremy Rondeau, National Oilfield Services Leader, MNP LLP YOUR INDUSTRY, OUR SOLUTION To stay competitive and profitable in the ever-changing Oilfield Services (OFS) industry, you need to make the right business decisions at the right time. MNP understands the size, breadth, diversity and specialization of this major contributor to the Canadian economy. Whether you are public or private, MNP s team of Oilfield Service business professionals have the skills and the industry knowledge to meet your needs. Working closely with you and your management team, we will develop a detailed understanding of your business and its unique competitive landscape and challenges. From there, we assemble a strategy and team of specialists to help you respond to change, emerging trends, mitigate risk and operate more efficiently with the goal of increasing profits.

3 OUR CLIENT SECTORS The MNP Oilfield Services team is a leading supplier of financial, consulting and management services to the oilfield services industry and has regional offices in all major producing areas of the Western Canadian Sedimentary Basin. With a leading team of professionals in your area, we offer hands on oilfield management and operational expertise, along with knowledge of where the oilfield services industry has been and where it s going. Committed to this industry, we serve a broad base of clients operating in highly specialized sectors. MNP has divided the Oilfield Services industry into the following main segments in order to help make you more profitable:

4 OUR SERVICES Beyond our traditional suite of accounting, assurance and income tax preparation services, MNP delivers customized business strategies to meet your unique needs. Specifically, we will help you with: TAXATION SERVICES Creating Effective Tax Strategies That Minimize Your Exposure Every business has to file taxes but you shouldn t have to worry about whether they ve been filed correctly. Our Tax team not only makes the process worry-free, but provides value to your oilfield services business. We build integrated tax strategies, highlight opportunities to minimize your exposure, ensure compliance and keep you informed of regional, national and international tax legislation changes that could impact your oilfield services business. Corporate Develop tax strategies that minimize annual income taxes and maximize after-tax proceeds on divestitures Complete Canada, U.S. and international tax planning, structuring and compliance Draft Scientific Research & Experimental Development (SR&ED) tax credit applications to get the most from your claims Transfer pricing Deliver cross-border tax services (inbound, outbound) Systematize expatriate taxation Manage advance tax-ruling requests Indirect Tax Provide business start-up and expansion planning Implement systems and procedures development and review Administer training and compliance assistance Arbitrate business purchase or sale Deliver complete audit and appeal services

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6 ASSURANCE AND ACCOUNTING SERVICES PROVIDING Providing The THE Clarity CLARITY You YOU Need NEED To TO Effectively EFFECTIVELY Grow GROW Your Business YOUR BUSINESS Your investors, regulatory bodies and other stakeholders require accurate, objectively reviewed information and financial statements. We help you stay compliant while providing transparency, giving you the confidence to make informed choices that will help grow your business. Our assurance services for the oilfield industry go beyond traditional accounting to consider the entire scope of your operation and industry, taking you from uncertainty to success. Finance Construct audits, review and compilations annual or monthly Develop financial projections and forecasts Examine performance measurement against competitors Formulate procedures for job costing and cashflow improvement Preparing documents for debt or equity financing Public Companies Development of audits, reviews and compilations Managing shareholder expectations Strengthen investor relations CONSULTING SERVICES Working Collaboratively With You The oilfield services industry is constantly in flux. When the path to reaching your goals is comprised by outside forces, MNP can help you identify and leverage opportunities and overcome roadblocks. We offer a full suite of services to optimize your company s operations, organizational structure and finances to achieve sustainable performance regardless of how the oilfield services market is performing. Business Operations and Growth Understanding and calculating direct costs and margins Enhance your supply chain management Improve your customer service programs Maximize your operating cash flow through improved processes Preserve cash through downturns and commodity cycles Benchmark your business performance to industry leaders Develop strategic business plans Optimize your organization and people Develop compensation structures for employees Financial management Contribute research and analytics Technology research and commercialization Provide effective training solutions and knowledge transfer processes Technology consulting

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8 CORPORATE ASSURANCE FINANCE AND ACCOUNTING SERVICES PROVIDING Extract More THE From CLARITY Every YOU Transaction NEED TO EFFECTIVELY GROW YOUR BUSINESS To stay ahead, you have to look ahead. True business leaders always have tomorrow in their sights, whether they re thinking about expanding their operations, merging with or acquiring an existing business or looking to attract investors. Our Corporate Finance specialists help you set attainable goals, investigate prospects and take advantage of opportunities to grow your oilfield services business and its value through every transaction. Corporate Finance Assist with mergers, acquisitions and divestitures Raise capital through debt or equity financing Transition (owner / manager) services Perform due diligence ENTERPRISE RISK MANAGEMENT Providing The Framework To Protect Your Business When it comes to managing a large-scale oilfield services organization, it s nearly impossible to be all-seeing and all-knowing. Every day, hundreds, even thousands of decisions are made by your employees, suppliers and stakeholders that are both beyond your control and your awareness, potentially exposing you to risk. Our Enterprise Management specialists assist in the development and implementation of proven risk mitigation strategies to protect your company s reputation, people, operations and assets providing you peace-of-mind to make bold decisions that will lead to growth, improved profitability and increased competitive advantage. Executive (CEO / CFO) certification Internal audit and controls IT systems and security Technology risk planning and testing Supply chain risk planning and oversight Business resilience planning and implementation Data analytics

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10 VALUATION, FORENSICS & LITIGATION SUPPORT SERVICES Supplying Stability And Understanding At Every Stage Even the smallest dispute or uncertainty has the potential to threaten your standing and reputation. Our Valuation, Forensics & Litigation Support team helps prevent, identify and resolve theft, misconduct, fraud and other transgressions to keep you business safe and minimize disruptions. In addition, our valuation services provide you with an unbiased, accurate understanding of your business value to aid with legal disputes, divestiture considerations and tax benefits. Maximize enterprise value prior to selling your company Provide comprehensive business valuations (vendor and acquirer) Maintain financial reporting requirements Administer intangible asset valuation Arrange property tax recovery Provide litigation support to legal counsel Prepare appraisals of businesses and assets Protect your assets from creditors Investigate fraud, business and enterprise risk Develop corporate risk assessments Address employee misconduct Implement anti-money laundering compliance processes Computer forensic examinations (data theft) SUCCESSION Developing The Strategic Plan To Successfully Transition Your Business No matter how big your oilfield services operation gets, at some point it will need to run without you. Whether you re considering transferring ownership to a family member or selling to a promising employee or outside investor, there s a lot to consider not just for yourself, but to ensure the long-term success of your company. We offer one of the most comprehensive succession planning programs available to help you start planning for tomorrow, today. Present you with a comprehensive retirement plan Provide strategic business planning Facilitate transfer of ownership / management Design a succession strategy to transition your business in a profitable manner Assist with estate planning

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12 ABOUT OUR OILFIELD SERVICE PROFESSIONALS MNP is a leading supplier of financial, consulting and management services to the oilfield services industry and has regional offices in all major producing areas of the Western Canadian Sedimentary Basin. With a leading team of professionals in your area, we offer hands-on oilfield management and operational expertise, as well as knowledge of where oilfield services has been and where it s going. Committed to their profession and the industry, our Oilfield Services professionals are on a path of continuous training on how the vast Oilfield Services industry works and operates. MNP is a proud member of the Petroleum Services Association of Canada, Canadian Association of Oilwell Drilling Contractors and the Canadian Association of Geophysical Contractors. To find out how MNP can help you, contact Jeremy Rondeau, CPA, CA, National Oilfield Services Leader at or jeremy.rondeau@mnp.ca Photos courtesy of Beaver Drilling Ltd Visit us at MNP.ca Praxity AISBL is a global alliance of independent firms. Organised as an international not-for-profit entity under Belgium law, Praxity has its executive office in Epsom. Praxity Global Alliance Limited is a not-for-profit company registered in England and Wales, limited by guarantee, and has its registered office in England. As an Alliance, Praxity does not practice the profession of public accountancy or provide audit, tax, consulting or other professional services of any type to third parties. The Alliance does not constitute a joint venture, partnership or network between participating firms. Because the Alliance firms are independent, Praxity does not guarantee the services or the quality of services provided by participating firms. 0826C-17