Mmawa wabwino, amayi ndi abambo. Takulandirani ku Trican Well Service Q1 2022 Earnings Results Conference Call ndi Webcast. Monga chikumbutso, kuyitana kwa msonkhano uku kujambulidwa.
Ndikufuna tsopano kupereka msonkhano kwa Bambo Brad Fedora, Purezidenti ndi CEO wa Trican Well Service Ltd.Mr. Fedora, chonde pitilizani.
zikomo kwambiri.Mmawa wabwino, amayi ndi abambo.Ndikufuna kukuthokozani chifukwa cholowa nawo ku msonkhano wa Trican.Chidule chachidule cha momwe tikufunira kuchititsa msonkhano wa msonkhano.Choyamba, Chief Financial Officer wathu, Scott Matson, adzapereka chithunzithunzi cha zotsatira za kotala, ndiyeno ndidzakambirana nkhani zokhudzana ndi zomwe zikuchitika panopa komanso chiyembekezo chapafupi.Daniel Lopushinsky adzalankhula za telefoni yatsopano. mafunso.Mamembala angapo a gulu lathu ali nafe lero ndipo tidzakhalapo kuti tiyankhe mafunso aliwonse omwe angabwere.Ndipereka foniyo kwa Scott.
Zikomo, Brad.Chifukwa chake, tisanayambe, ndikufuna kukumbutsa aliyense kuti kuyitana kwa msonkhanowu kungakhale ndi mawu oyembekezera ndi zina zambiri malinga ndi zomwe kampani ikuyembekeza kapena zotsatira zake.Zinthu zina zofunika kapena zongoganizira zomwe zinagwiritsidwa ntchito popanga ziganizo kapena kupanga ziwonetsero zikuwonetsedwa mu gawo la Forward-Looking Information la MD & A yathu kwa kotala yoyamba ya 2022 zotsatira za bizinesi zingayambitse kusiyana ndi zotsatira zenizeni za bizinesi. zidziwitso zamtsogolo izi komanso zomwe tikuyembekezera pazachuma.Chonde onani Tsamba Lathu Lachidziwitso Lapachaka la 2021 ndi gawo la Zowopsa zamabizinesi la MD&A la chaka chomwe chinatha pa Disembala 31, 2021 kuti mumve zambiri zakuwopsa ndi kusatsimikizika kwabizinesi ya Trican.Zolemba izi zikupezeka patsamba lathu komanso pa SEDAR.
Pakuyitanitsa uku, tidzatchula mawu angapo amakampani omwe amagwiritsidwa ntchito ndipo tidzagwiritsa ntchito njira zina zomwe sizili za GAAP zomwe ndizokwanira mu MD&A yathu yapachaka ya 2021 ndi MD&A yathu ya 2022 yofotokoza.
Chifukwa chake nditembenukira ku zotsatira zathu za kotala. Ndemanga zanga zambiri zifananizidwa ndi kotala yoyamba ya chaka chatha, ndipo ndipereka ndemanga pazotsatira zathu molingana ndi gawo lachinayi la 2021.
Gawoli linayamba pang'onopang'ono kusiyana ndi momwe timayembekezera chifukwa cha nyengo yozizira kwambiri pambuyo pa tchuthi, koma chakula pang'onopang'ono kuyambira nthawi imeneyo. Miyezo ya ntchito mumayendedwe athu yapita patsogolo kwambiri poyerekeza ndi chaka chatha chifukwa cha kukwera kwamphamvu kwamitengo yazinthu komanso chilengedwe chamakampani omangika kumayambiriro kwa chaka. zamphamvu pang'ono kuposa kotala yoyamba ya chaka chatha.
Ndalama za kotalali zinali $219 miliyoni, zomwe zikuwonjezeka ndi 48% poyerekeza ndi zotsatira za kotala yathu yoyamba ya 2021. Malinga ndi momwe ntchito yathu ikuyendera, chiwerengero chathu chonse cha ntchito chinali kukwera pafupifupi 13% chaka chonse, ndipo mphamvu zonse zomwe zimaperekedwa, mphamvu yabwino ndi ntchito, zidakwera 12% chaka chonse. titha kuwona kuchokera pamaperesenti athu ocheperako a chaka ndi chaka, tawona zochepa kwambiri pankhani ya phindu popeza kukwezeka kwamphamvu komanso kosalekeza kwa kukwera kwa mitengo kwatengera pafupifupi mbali zonse.
Ntchito za Fracking zakhala zotanganidwa motsatizana kuyambira kotala lachinayi la 2021 ndipo ndi otanganidwa kwambiri poyerekeza ndi nthawi yomweyi chaka chatha. 85%.
Ntchito zathu zikupitiriza kuyang'ana pa mapulogalamu opangidwa ndi mapepala, omwe amathandizira kuchepetsa nthawi yopuma komanso nthawi yoyenda pakati pa ntchito ndikuthandizira kupititsa patsogolo mphamvu zathu zonse.Fracking margins anakhalabe okhazikika chaka chonse poyerekeza ndi chaka chatha, monga momwe inflation inflation inachitikira kuyambira kumapeto kwa chaka mpaka kotala loyamba kuthetsa zambiri za kusintha kwamitengo komwe tidapeza. kuchedwetsa pakati pa mwezi wa March ndikulowa m'nyengo ya masika.
Masiku ophatikizika amachubu adakwera 17% motsatizana, motsogozedwa ndi mafoni athu oyamba okhala ndi makasitomala oyambira komanso kuyesetsa kwathu kukulitsa gawo ili la bizinesi.
EBITDA yosinthidwa inali $ 38.9 miliyoni, kusintha kwakukulu kuchokera ku $ 27.3 miliyoni yomwe tidapanga kotala loyamba la 2021. Ndinganene kuti manambala athu osinthidwa a EBITDA akuphatikizapo ndalama zokhudzana ndi kusintha kwa madzi, zomwe zinakwana $ 1.6 miliyoni mu kotala ndipo zinali panthawiyi. zopereka m'gawoli, zomwe zidathandizira $ 5.5 miliyoni mu kotala yoyamba ya 2021.
Ndikofunikiranso kuzindikira kuti kuwerengetsera kwathu kwa EBITDA sikukuwonjezeranso chiwopsezo cha chipukuta misozi chokhazikitsidwa ndi ndalama. Chifukwa chake, kuti tisiyanitse bwino ndalamazi ndikuwonetsa bwino zotsatira zathu zogwirira ntchito, tawonjezera muyeso wowonjezera womwe si wa GAAP wa Adjusted EBITDAS pazowulula zathu zomwe tikupitilizabe.
Tidazindikira chiwongola dzanja cha $3 miliyoni chokhudzana ndi chipukuta misozi chokhazikitsidwa ndi ndalama m'gawo la kotala, zomwe zikuwonetsa kukwera kofulumira kwamitengo yathu kuyambira kumapeto kwa chaka. Kusintha ndalamazi, EBITDAS ya Trican ya kotala inali $42.0 miliyoni, poyerekeza ndi $27.3 miliyoni pa nthawi yomweyi mu 2021.
Pakuphatikiza, tidapeza ndalama zokwana $13.3 miliyoni kapena $0.05 pagawo lililonse mu kotala, ndipo tili okondwanso kuwonetsa zopeza zabwino mu kotala. Metric yachiwiri yomwe tawonjezera pakuwulula kwathu ndikuyenda kwaulele kwandalama, zomwe tazifotokoza mokwanira mu MD&A yathu kotala loyamba la 2022. ndalama zochokera kundalama monga chiwongola dzanja, misonkho yandalama, chipukuta misozi ndi ndalama zogulira zinthu.
Ndalama zomwe zimagwiritsidwa ntchito m'gawoli zidakwana $21.1 miliyoni, zomwe zidagawidwa kukhala ndalama zoyendetsera $9.2 miliyoni ndikukweza ndalama zokwana $11.9 miliyoni, makamaka pulogalamu yathu yokonzanso likulu lathu kuti tikweze gawo lina la dizilo lathu loyendetsedwa mokhazikika ndi galimoto ya Tier 4 DGB ya Pump.
Pamene tikutuluka mu kotalayi, ndalama zoyendetsera ndalama zimakhalabe bwino ndi ndalama zogwirira ntchito zopanda ndalama pafupifupi $111 miliyoni ndipo mulibe ngongole kubanki yanthawi yayitali.
Pomaliza, ponena za pulogalamu yathu ya NCIB, tidakhalabe achangu mu kotalayi, kugulanso ndikuletsa pafupifupi magawo 2.8 miliyoni pamtengo wapakati wa $ 3.22 pagawo lililonse. Pankhani yobwezera ndalama kwa eni ake, tikupitilizabe kuwona kugulidwanso kwagawo ngati mwayi wabwino wopezera ndalama kwa nthawi yayitali gawo la likulu lathu.
OKThanks, Scott.Ndiyesa kusunga ndemanga zanga mwachidule momwe ndingathere chifukwa chiyembekezo ndi ndemanga zambiri zomwe tikambirane lero zimagwirizana kwambiri ndi foni yathu yomaliza, yomwe inali masabata angapo kapena miyezi iwiri yapitayo, ndikuganiza.
Kotero kwenikweni, palibe chomwe chasintha.Ndikuganiza - malingaliro athu pa chaka chino ndi chaka chamawa akupitirizabe kusintha.Ntchito ya kotala yoyamba inakula kwambiri pamizere yathu yonse yamalonda poyerekeza ndi gawo lachinayi chifukwa cha mitengo yamtengo wapatali.Ndikuganiza kwa nthawi yoyamba kuyambira kumapeto kwa zaka za m'ma 2000 tili ndi $ 100 mafuta ndi gasi $ 7. Zitsime zamafuta za kasitomala wathu zidzalipira mkati mwa miyezi ingapo - kotero iwo akusangalala ndikuwona kuti akusangalala ndi ndalama zawo. sewero ngati ndalama zazikulu, makamaka potengera zomwe zikuchitika ku North America.
Tidagwiritsa ntchito pafupifupi zida 200 mu kotala. Chifukwa chake, zonse zomwe timaganiziridwa, ntchito zamalo opangira mafuta ndizabwino kwambiri. Ndikutanthauza kuti, tinayamba pang'onopang'ono kotala chifukwa ndikuganiza kuti aliyense anali atapuma pa Khrisimasi. njanji.Koma izi nthawi zonse ziyenera kuyembekezera.Sindikukumbukira kotala loyamba kumene tinalibe mtundu wina wa nyengo.Choncho tinaphatikizapo mu bajeti yathu, ndithudi palibe chomwe chiyenera kukhala chodabwitsa.
Chinanso, ndikuganiza, chomwe chili chosiyana nthawi ino ndikuti tili ndi zisokonezo zomwe zikuchitika m'munda wa COVID, tikhala kuti ogwira ntchito m'munda atsekedwe kwa tsiku limodzi kapena awiri, tifunika kulimbikira kuti tichotse anthu patsiku lantchito, Dikirani, koma palibe chomwe sitinakwaniritse.
Tidafika pachimake - tidapitilira - zopitilira 200. Tidafika pachimake pa 234. Sitinapeze mtundu wa ntchito yomaliza mu mtundu wa kuwerengera komwe mungayembekezere, ndipo zambiri zantchitoyo zidatsanuliridwa mu gawo lachiwiri. kuti mu theka lachiwiri la chaka.
Pakalipano mu gawo lachiwiri, tili ndi zida za 90, zomwe ziri bwino kwambiri kuposa 60 zomwe tinali nazo chaka chatha, ndipo tatsala pang'ono kutha.Choncho tiyenera kuyamba kuona ntchito ikuyamba kulimbikitsana mu theka lachiwiri la gawo lachiwiri.
Ambiri mwa ntchito zathu akadali ku British Columbia, Montney, Alberta ndi Deep Basin. Palibe chomwe chidzasinthe kumeneko. Monga momwe tilili ndi mafuta pa $ 105, tikuwona makampani amafuta kum'mwera chakum'mawa kwa Saskatchewan ndi dera lonse - kapena kum'mwera chakum'mawa kwa Saskatchewan ndi kum'mwera chakumadzulo kwa Saskatchewan ndi kum'mwera chakum'mawa kwa Alberta, tikuyembekezera kukhala Active.
Tsopano ndi mitengo ya gasi iyi, tikuyamba kuona mapulani a zitsime za methane za malasha akuwonekera, ndiko kuti, kukumba gasi wosazama.Ndi koyilo yochokera.Amagwiritsa ntchito nayitrogeni m'malo mwa madzi.Ndi chinthu chomwe tonse timachidziwa bwino, ndipo timaganiza kuti Trican ili ndi malire mu masewerawa.Choncho takhala tikugwira ntchito nthawi yonse yozizira, ndipo tikuyembekeza kuti tidzakhala otanganidwa kwambiri m'zaka zikubwerazi.
Tinathamanga - mkati mwa kotala, tinayendetsa antchito 6 mpaka 7, malingana ndi sabata. Magulu a simenti 18 ndi magulu a coil 7. Kotero palibe chomwe chinasintha pamenepo. Tinali ndi gulu lachisanu ndi chiwiri m'gawo loyamba. Kugwira ntchito kumakhalabe vuto. mwachiwonekere sitiyenera kukopa anthu okha, koma tiyenera kukhala okhoza kuwasunga.Tikutayabe anthu m'minda ya mafuta ndi gasi, ndipo tikuwataya ku mafakitale ena pamene malipiro awo akuwonjezeka ndipo amafunafuna bwino ntchito-moyo bwino.
Koma kunena zoona, nkhani ya ntchito ndizovuta zomwe tiyenera kuthana nazo, ndipo mwina si zoipa, chifukwa zidzalepheretsa makampani oyendetsa mafuta kuti asakule mofulumira.Choncho zinthu zina ziyenera kuyang'aniridwa, koma ndikuganiza kuti tikuchita ntchito yabwino yoyesera kulingalira zinthu.
EBITDA yathu ya kotala inali yabwino.Zowonadi, takambirana kale izi.Ndikuganiza kuti tifunika kuyamba kulankhula zambiri za ndalama zaulere komanso zochepa za EBITDA.Ubwino wa ndalama zaulere ndikuti umachotsa kusagwirizana konse kwa mapepala apakati pakati pa makampani ndi maadiresi kuti zina mwa zidazi zimafuna kukonzanso kwakukulu.Kaya mumasankha kugwiritsa ntchito ndalama kapena ndalama zogulira ndalama zaulere, ndikuganiza kuti makampani onse amapeza ndalama zambiri. ndalama zaulere pazachuma zawo.Ndikuganiza kuti Scott walankhulapo.
Kotero ife tinatha kukweza mtengowo.Ngati muyang'ana izo poyerekeza ndi chaka chapitacho, mizere yathu ya mautumiki osiyanasiyana yakula kuchokera ku 15% mpaka 25%, malingana ndi kasitomala ndi momwe zinthu zilili.Mwatsoka, kukula kwathu konse kwachepetsedwa ndi kutsika kwa mtengo. opikisana.Koma tikuganiza tsopano kuti tiyamba kuwona malire a EBITDA m'ma 20s, zomwe ndizomwe timafunikira ngati tipeza kubweza kawiri pamalipiro omwe adayikidwapo.
Koma ndikuganiza kuti tidzafika kumeneko.Zidzangofunika - kukambirana zambiri ndi makasitomala athu.Mwachiwonekere, ndikuganiza kuti makasitomala athu akufuna kutiwona tili ndi bizinesi yokhazikika.Choncho tidzapitirizabe kuyesa kupeza phindu kwa ife, osati kungopereka kwa ogulitsa.
Tinawona zovuta za inflation mofulumira kwambiri.Mu gawo lachinayi ndi loyamba, tinatha kusunga malire athu pamene malire a ambiri adaphwanyidwa. $ 100, $ 105 mafuta, mitengo ya dizilo imakwera kwambiri, ndipo dizilo imakhudza njira yonse yoperekera.Palibe chomwe chimachotsedwa.Kaya ndi mchenga, mankhwala, trucking, chirichonse, kapena ngakhale mautumiki a chipani chachitatu pamunsi, ndikutanthauza kuti amayenera kuyendetsa galimotoyo.
Tsoka ilo, kuchuluka kwa kusintha kumeneku sikunachitikepo.Tinkayembekezera kuwona kukwera kwa mitengo, koma sitinawone - sitinawone kwenikweni - tikuyembekeza kuti sitiyamba kupeza kuwonjezeka kwa mtengo kuchokera kwa ogulitsa mlungu uliwonse.Makasitomala amakhumudwa kwambiri mukamalankhula nawo za kukwera kwamitengo kochepa pamwezi.
Koma kawirikawiri, makasitomala athu amamvetsetsa.Ndikutanthauza, mwachiwonekere ali mu bizinesi ya mafuta ndi gasi, akugwiritsa ntchito mtengo wamtengo wapatali wamtengo wapatali, koma mwachibadwa, izi zimakhudza ndalama zawo zonse.
Ndikuganiza kuti nditembenuzira izi kwa Daniel Lopushinsky tsopano.Iye adzalankhula za maunyolo ogulitsa ndi matekinoloje ena osanjikiza a 4.
Zikomo, Brad.Choncho, kuchokera ku kawonedwe kazinthu zogulitsira, ngati Q1 itsimikizira chilichonse, ndikuti njira zogulitsira zakhala chinthu chachikulu.Kutengera momwe tikuyendetsera bizinesi yathu motsutsana ndi zomwe zikuchitika komanso kupitilira kwamitengo yamitengo yomwe Brad adatchulapo kale.
Chifukwa chake tikukhulupirira kuti tili ndi zinthu zabwino kwambiri ndipo tikulandira msika wothina kwambiri pa izi ndi momwe timayendetsera ogulitsa athu.Monga momwe tafotokozera, timakumana ndi kukwera kwa mitengo yamtengo wapatali kuposa kale lonse.Mwachiwonekere, mitengo ya dizilo, yomwe ikugwirizana mwachindunji ndi mitengo yamafuta, idakwera kumayambiriro kwa chaka, kuchulukirachulukira kuyambira Januware, February ndi Marichi.
Mwachitsanzo, ngati muyang'ana mchenga, pamene mchenga ufika pamalo, pafupifupi 70% ya mtengo wa mchenga ndi kayendedwe, kotero - ndi mtundu wanji wa dizilo, umapanga kusiyana kwakukulu kwa zinthu izi.Timapereka dizilo kwambiri kwa makasitomala athu.
Kuchokera pamawonedwe a trucking ndi logistics a chipani chachitatu, kukwera galimoto kunali kovuta kwambiri m'gawo loyamba ndi kuwonjezeka kwa mlingo wothandizira, mapepala akuluakulu, ndi ntchito zambiri ku Montney ndi Deep Basin. Chothandizira kwambiri pa izi ndi chakuti pali magalimoto ocheperapo omwe amapezeka mu beseni. malingaliro.
Chinanso chomwe chimapangitsa kuti zikhale zovuta kwa ife ndikuti timagwira ntchito kumadera akutali a beseni.
Ponena za mchenga.Ogulitsa mchenga woyambirira akugwira ntchito mokwanira.Kumayambiriro kwa chaka chino, njanjiyi inakumana ndi zovuta zina chifukwa cha nyengo yozizira.Choncho pamene kutentha kufika pa kutentha kwina, makampani a njanji amasiya ntchito zawo.Choncho kumayambiriro kwa February, kuchokera kumalingaliro owoneka bwino, tinawona msika pang'ono, koma tinatha kuthana ndi zovutazo.
Kukula kwakukulu komwe tawona pamchenga ndi kuchuluka kwa dizilo, koyendetsedwa ndi njanji ndi zinthu monga choncho.Chotero m'gawo loyamba, Trican idakumana ndi mchenga wa Giredi 1 pomwe 60 peresenti ya mchenga womwe tidapopa unali mchenga wa Sitandade 1.
za mankhwala.Tinakumana ndi kusokoneza kwa mankhwala, koma sizinali zomveka ku ntchito zathu.Zambiri mwa zigawo zikuluzikulu za chemistry yathu ndizochokera ku mafuta.Chotero, kupanga kwawo kumakhala kofanana ndi dizilo.Choncho pamene mtengo wa dizilo ukuwonjezeka, momwemonso mtengo wa mankhwala athu.
Mankhwala athu ambiri amachokera ku China ndi United States, kotero tikukonzekera kuthana ndi kuchedwa koyembekezeredwa ndi kuwonjezeka kwa mtengo wokhudzana ndi kutumiza, etc.Choncho, nthawi zonse timayang'ana njira zina ndi ogulitsa omwe ali opanga komanso ogwira ntchito poyang'anira ntchito zogulitsira.
Monga tafotokozera kale, ndife okondwa kwambiri kuti tinayambitsa zombo zathu zoyamba za Tier 4 DGB m'gawo loyamba.Timasangalala kwambiri ndi momwe zimagwirira ntchito.Kugwira ntchito kumunda, makamaka kusuntha kwa dizilo, kumakwaniritsa kapena kupitirira zomwe tikuyembekezera.Choncho ndi injinizi, tikuwotcha gasi wambiri wachilengedwe ndikuchotsa dizilo mofulumira kwambiri.
Tidzayambitsanso zombo zachiwiri ndi zachitatu za Tier 4 m'chilimwe komanso kumapeto kwa gawo lachinayi. Malingaliro a mtengo wa chipangizochi ndi ofunika kwambiri pokhudzana ndi kupulumutsa mafuta ndi kuchepetsa mpweya. Ndikutanthauza kuti pamapeto pake, tikufuna kulipidwa.
Injini Yatsopano ya Tier 4. Amawotcha gasi lachilengedwe kuposa dizilo.Choncho, phindu lachilengedwe ku chilengedwe likuwonekeranso pamtengo wa gasi wachilengedwe, womwe ndi wotsika mtengo kuposa dizilo.Tekinolojeyi ingakhale yovomerezeka kwa zaka zikubwerazi - osachepera Trican.Tili okondwa kwambiri ndi izi ndipo timanyadira kuti ndife kampani yoyamba ya Canada kuyambitsa ntchitoyi ku Canada.
inde.Ndizo basi - kotero kuti chaka chonsecho, timayang'ana - ndife otsimikiza kwambiri.Tikukhulupirira kuti bajeti idzakwera pang'onopang'ono pamene mitengo yamtengo wapatali ikukwera.Ngati tingathe kuchita izi pamtengo wokongola, tidzagwiritsa ntchito mwayiwu kuyika zipangizo zambiri pamunda.Timayang'ana kwambiri kubweza ndalama zomwe zaperekedwa ndi ndalama zaulere.Choncho tipitiriza kukulitsa izi momwe tingathere.
Koma tikupeza kuti kusweka kukukhalabe kutha kwapang'onopang'ono tsopano pamene anthu akuyesera kulinganiza ntchito zawo chaka chonse ndikugwiritsa ntchito nyengo yotentha ngati madzi otentha ndi minda yamafuta ochepa.
beseni likadali lolunjika pa gasi, koma tikuwona ntchito zambiri za mafuta pamene mitengo yathu ya mafuta imakhalabe pamwamba pa $ 100 mbiya.