Tsiku labwino ndikulandilidwa ku Calfrac Well Services Ltd. First Quarter 2022 Earnings Release and Conference Call.Msonkhano wa lero ukujambulidwa.
Panthawiyi, ndikufuna kupereka msonkhano kwa Chief Financial Officer Mike Olinek.Chonde pitirirani, bwana.
Zikomo.Mmawa wabwino ndipo talandiridwa ku zokambirana zathu za zotsatira za Calfrac Well Services za kotala yoyamba ya 2022. Ondiphatikiza pakuyitana lero ndi CEO wa Calfrac George Armoyan ndi Purezidenti wa Calfrac ndi COO Lindsay Link.
Kuyitanira kwa msonkhano wam'mawa uno kudzachitika motere: George anena mawu otsegulira, ndiyeno ndifotokoze mwachidule zandalama ndi momwe kampaniyo imagwirira ntchito.
M'mawu atolankhani omwe adatulutsidwa kale lero, Calfrac inanena zotsatira zake zosawerengeka za kotala loyamba la 2022. Chonde dziwani kuti ziwerengero zonse zachuma zili mu madola aku Canada pokhapokha zitanenedwa.
Zina mwa ndemanga zathu lero zidzanena za njira zomwe sizili za IFRS monga Adjusted EBITDA ndi Operating Income.Kuti mudziwe zambiri pazachuma izi, chonde onani kutulutsidwa kwathu kwa atolankhani. Ndemanga zathu lero ziphatikizanso ziganizo zamtsogolo zokhudzana ndi zotsatira za tsogolo la Calfrac ndi zomwe tikuyembekezera.
Chonde onani zomwe zatulutsidwa m'mawa uno komanso zolemba za Calfrac SEDAR, kuphatikiza Lipoti Lathu Lapachaka la 2021, kuti mumve zambiri zokhudzana ndi zomwe tikuyembekezera komanso zowopsa izi.
Pomaliza, monga tanenera m'nkhani yathu yofalitsa nkhani, chifukwa cha zomwe zinachitika ku Ukraine, kampaniyo inasiya kugwira ntchito ku Russia, ikudzipereka ku ndondomeko yogulitsa zinthuzi, ndikusankha ntchito zogulitsa ku Russia.
Zikomo, Mike, m'mawa wabwino, ndipo zikomo nonse chifukwa cholowa nawo ku msonkhano wathu lero. Monga mukudziwira, iyi ndi foni yanga yoyamba, choncho yesetsani. Choncho Mike asanapereke mfundo zazikulu zandalama za kotala loyamba, ndikufuna kunena mawu otsegulira ochepa.
Ndi nthawi yosangalatsa kwa Calfrac pamene msika waku North America ukulimba ndipo tikuyamba kukambirana mosiyanasiyana ndi makasitomala athu.Mawonekedwe a Market Market ndi ofanana kwambiri mu 2017-18 kuposa mu 2021.Ndife okondwa ndi mwayi ndi mphotho zomwe tikuyembekeza kuti bizinesi iyi ipange kwa omwe akukhudzidwa nawo mu 2022 ndi kupitilira apo.
Kampaniyo idachita bwino kwambiri kotala loyamba ndipo ikuyembekezeka kupitiliza kukula mpaka chaka cha 2022. Gulu lathu lidalimbana ndi zovuta zogwiritsa ntchito njira zogulitsira kuti amalize kotala molimba mtima kwambiri.
Tiyeneranso kuonjezera mitengo pamlingo womwe ungapereke phindu lokwanira pa ndalama zathu.Ndizofunika kwa ife ndipo tikuyenera kulandira mphotho.Tikuyang'ana kutsogolo kwa 2022 ndi 2023, tikukhulupirira kuti tidzayesetsanso kupeza phindu lokhazikika lazachuma.
Ndikutsindika kuti pamene kufunika kwa dziko lapansi kwa mafuta ndi gasi kukuwonjezeka, mphamvu zogwirira ntchito zimatilola kugwiritsa ntchito mwayi.
Zikomo, George.Calfrac's first quarter consolidated revenues from continue operations rise 38% year over year to $294.5 million.Kuwonjezeka kwa ndalamazo kunali makamaka chifukwa cha kuwonjezeka kwa 39% kwa fracturing ndalama pa gawo chifukwa cha ndalama zowonjezera zowonjezera zomwe zimaperekedwa kwa makasitomala m'magawo onse ogwira ntchito, komanso kuwongolera mitengo ku North America.
EBITDA yosinthidwa kuchoka ku ntchito zopitilira zomwe zanenedwa kotalayi inali $20.8 miliyoni, poyerekeza ndi $10.8 miliyoni pachaka chapitacho.Ndalama zogwirira ntchito kuchokera kumayendedwe opitilira zidakwera 83% kufika $21.0 miliyoni kuchokera ku ndalama zogwirira ntchito za $11.5 miliyoni mu kotala yofananira ya 2021.
Kuwonjezeka kumeneku kudachitika makamaka chifukwa chokwera kwambiri komanso mitengo yamtengo wapatali ku US, komanso kugwiritsa ntchito zida zapamwamba m'mayendedwe onse ku Argentina.
Kutayika kwachuma chifukwa chopitilira kugwira ntchito kotalali kunali $ 18 miliyoni, poyerekeza ndi kutayika kopitilira ntchito kwa $ 23 miliyoni mu kotala lomwelo la 2021.
Kwa miyezi itatu yomwe inatha pa Marichi 31, 2022, kutsika kwa mtengo wamtengo wapatali kuchokera ku ntchito zopitirizabe kunali kogwirizana ndi nthawi yomweyi mu 2021. Kutsika pang'ono kwa mtengo wamtengo wapatali m'gawo loyamba kudakhala makamaka chifukwa cha kusakanikirana ndi nthawi ya ndalama zazikulu zomwe zimagwiritsidwa ntchito pazinthu zazikulu.
Ndalama zomwe chiwongola dzanja mgawo loyamba la 2022 zidakwera ndi $ 0.7 miliyoni kuchokera chaka cham'mbuyo chifukwa cha ngongole zambiri zomwe kampaniyo idabwereka komanso chiwongola dzanja chokhudzana ndi kubweza ngongole yamakampani.
Ndalama zonse zomwe Calfrac akugwiritsa ntchito m'gawo loyamba zinali $12.1 miliyoni, poyerekeza ndi $10.5 miliyoni munthawi yomweyi mu 2021. Ndalamazi ndizogwirizana kwambiri ndi ndalama zosamalira ndipo zikuwonetsa kusintha kwa kuchuluka kwa zida zogwirira ntchito ku North America pazaka ziwiri.
Kampaniyo idawona kuchuluka kwa $ 9.2 miliyoni pakusintha ndalama zogwirira ntchito mgawo loyamba, poyerekeza ndi kutuluka kwa $ 20.8 miliyoni munthawi yomweyi mu 2021. Kusinthaku kudayendetsedwa makamaka ndi nthawi yopeza zolandilidwa ndi zolipira kwa ogulitsa, zomwe zidasiyidwa pang'ono ndi ndalama zapamwamba zogwirira ntchito chifukwa cha ndalama zambiri.
M'gawo loyamba la 2022, $ 0.6 miliyoni a 1.5 lien notes a kampani adasandulika kukhala katundu wamba ndipo phindu la ndalama zokwana $ 0.7 miliyoni linalandiridwa kuchokera ku ntchito zovomerezeka. Kufotokozera mwachidule pepala la ndalama kumapeto kwa kotala loyamba, ndalama za kampaniyo kuchokera ku ntchito zopitiliza ntchito zinali $ 130.2 miliyoni, kuphatikizapo $ 11.8 miliyoni ya $ 0.2 miliyoni ya $ 9. miliyoni zamakalata angongole ndipo anali ndi ngongole zokwana $ 200 miliyoni pansi pa ngongole yake, ndikusiya $ 49.1 miliyoni m'malo obwereka kumapeto kwa kotala yoyamba.
Ngongole za kampaniyo ndizochepa pakubwereketsa mwezi uliwonse kwa $ 243.8 miliyoni kuyambira pa Marichi 31, 2022. Mogwirizana ndi ngongole yomwe kampaniyo yakonzanso, Calfrac iyenera kusunga ndalama zosachepera $ 15 miliyoni pakutulutsidwa kwa pangano.
Pofika pa Marichi 31, 2022, kampaniyo idakokera $ 15 miliyoni kuchokera ku ngongole ya mlatho ndipo itha kupemphanso kubweza mpaka $ 10 miliyoni, ndi phindu lalikulu la $ 25 miliyoni.
Zikomo, Mike.I tsopano ndiwonetsa momwe Calfrac ikugwirira ntchito mdera lathu lonse.Msika wathu waku North America udapitilira kugwira ntchito mu theka loyamba la chaka, monga momwe tinkayembekezera, pakuwonjezeka kwakufunika kwa zida kuchokera kwa opanga komanso kuperewera kwapashelufu.
Tikuyembekeza kuti msika upitirire kulimba ndipo opanga ena sangathe kugwira ntchito zawo, zomwe zikuwonetseratu kuti tikhoza kukweza mitengo kuti tipeze phindu lochokera ku zipangizo zomwe timagwiritsa ntchito.
Ku US, zotsatira zathu za kotala yoyamba zidawonetsa kusintha kotsatizana komanso kwachaka ndi chaka, makamaka chifukwa cha kuchuluka kwa kagwiritsidwe ntchito m'masabata asanu ndi limodzi apitawa.
Masabata a 6 oyambirira sanali abwino kwambiri.Tinaonjezera kugwiritsidwa ntchito pamagulu onse a 8 m'mwezi wa March ndipo ndife 75% yathunthu poyerekeza ndi January.Kugwiritsidwa ntchito kwapamwamba pamodzi ndi kukonzanso mitengo mu March kunalola kampaniyo kuthetsa kotala ndi ntchito yabwino kwambiri yazachuma.
Zombo zathu za 9 zidzayamba koyambirira kwa Meyi. Tikufuna kusunga mulingo uwu kwa chaka chonse pokhapokha ngati makasitomala amafuna komanso mitengo yawo ilungamitsenso kukonzanso zida zina.
Tili ndi luso lopanga zombo za 10, mwinamwake zochulukirapo, malingana ndi mitengo ndi zofuna.Ku Canada, zotsatira za kotala loyamba zinakhudzidwa ndi ndalama zoyambira komanso kuwonjezeka mofulumira kwa ndalama zogulira zomwe tinkafuna kubweza kwa makasitomala.
Tili ndi theka lachiwiri lamphamvu la 2022 ndi kukhazikitsidwa kwa zombo zathu zachinayi za fracturing ndi gawo lathu lachisanu lopangidwa ndi machubu kuti likwaniritse zofuna za makasitomala.
Pofuna kusamalira mtengo wamafuta athu pa nthawi ya Spring Break, gawo la ku Canada linatumizanso antchito kuchokera ku Canada kupita ku United States kwakanthawi kuti athandizire kukulitsa ntchito ku United States.Ntchito zathu ku Argentina zikupitilizabe kukumana ndi zovuta za kutsika kwandalama ndi kukwera kwa mitengo, komanso kuwongolera ndalama zomwe zimachokera m'dzikolo.
Komabe, posachedwapa takonzanso mgwirizano mu shale ya Vaca Muerta yomwe idzaphatikize kuwonjezereka kwa zombo zodzipatulira zodzipatulira ndi mitengo yamtengo wapatali ya machubu ndi makasitomala omwe alipo, kuyambira theka lachiwiri la 2022.
Tikuyembekeza kukhalabe ndi kuchuluka kwa kugwiritsidwa ntchito kwa chaka chotsalacho. Pomaliza, tikupitilizabe kugwiritsa ntchito magawo oyambilira azomwe tikufunikira kuti tibweretse phindu lokhazikika kwa omwe ali ndi masheya athu.
Ndikufuna kuthokoza gulu lathu chifukwa cha khama lawo m'zaka zapitazi.Ndikuyembekezera chaka chonse ndi chaka chamawa.
Zikomo, George. Tsopano ndibweza kuyimbanso kwa wogwiritsa ntchito pagawo la Q&A lakuyimbira lero.
[Malangizo Othandizira].Tiyankha funso loyamba kuchokera kwa Keith MacKey wa RBC Capital Markets.
Tsopano ndikungofuna kuti ndiyambe ndi US EBITDA pa timu, mlingo wotuluka mu kotala ili ndithudi ndi wapamwamba kwambiri kuposa pamene kotala inayamba.Kodi mukuwona kuti zomwe zikuchitika mu theka lachiwiri la chaka?
Tayang'anani, ndikutanthauza, taonani, tikuyesera kuti tipeze - uyu ndi George.Tikuyesera kufananitsa msika wathu ndi opikisana nawo.Tili kutali ndi ziwerengero zabwino kwambiri.Timakonda kuyamba ndi $ 10 miliyoni ndikugwira ntchito mpaka $ 15 miliyoni.Choncho tikuyesera kuwona kupita patsogolo.Pakali pano, tikuyang'ana kwambiri kugwiritsira ntchito ndikuchotsa mipata yomwe ili mu ndandanda zathu za 1 miliyoni mpaka $10,000,000,000 mpaka $10 miliyoni.
Ayi, ndizomveka.Mwinanso malinga ndi likulu, ngati mungayambe zombo za 10 ku US, ngati muli ndi chiŵerengero cha izo panthawiyi, mukuganiza kuti izi zidzakhala zotani?
$ 6 miliyoni. Ife - Ndikutanthauza kuti tili ndi mphamvu yopita ku zombo zonse za 13. Koma zombo za 11, 12 ndi 13 zidzafuna ndalama zoposa $ 6 miliyoni. Tikugwira ntchito kuti tipeze manambala omaliza ngati kufunikira kupitirira ndipo anthu ayamba kulipira chifukwa chogwiritsa ntchito chipangizochi.
Ndamvetsa.
Eya, ndinangoganiza - ndikuganiza kuti tinanena kuti sitinasamuke m'gawo loyamba koma m'gawo lachiwiri chifukwa US inali yotanganidwa m'gawo lachiwiri ndipo panali kugawanika ku Western Canada.Ndinkangofuna kufotokoza.Tawonani, makampani onse, aliyense akukumana ndi zovuta, zovuta zoperekera katundu.Tikuyesera kukhala opambana.Panali vuto la mchenga ku Canada mu gawo loyamba.
Koma sizinasinthe.Izi ndizochitika zosinthika.Tiyenera kukhala patsogolo monga wina aliyense.Koma tikuyembekeza kuti zinthuzi sizikutilepheretsa kupereka ntchito yabwino kwa makasitomala athu.
Ndikungofuna kubwereranso ku ndemanga yanu ponena za kuwonjezera zina kapena 2 zombo ku US, ndikutanthauza, pamlingo wapamwamba, kodi mukuyenera kuyambitsanso maulendowa kuti muwonjezeke mitengo?
Kotero tsopano tikuyendetsa zombo za 8. Timayamba Masewera 9 Lolemba, October 8th - pepani, May 8th.Tawonani, ndikutanthauza kuti pali zinthu ziwiri pano.Tikuyembekeza kuti tidzapatsidwa mphotho.Tikufuna kutsimikizika kwa lonjezo kuchokera kwa makasitomala athu.
Zili ngati fomu yotengera kapena yolipira - sitidzatumiza likulu ndikulipanga kukhala lotayirira komwe angatichotsere nthawi iliyonse yomwe akufuna.Chotero, tikhoza kuganizira zinthu zina.Tikufuna kudzipereka kolimba ndi chithandizo chosasunthika - ngati angosintha malingaliro awo, ayenera kutilipira - mtengo wotumizira zinthu izi pano.
Koma kachiwiri, tiyenera kuonetsetsa kuti zombo zonse zitha kutenga pakati pa $ 10 miliyoni ndi $ 15 miliyoni kuti zithe kutumiza zinthu zatsopanozi - zombo zatsopanozi kapena zombo zina zowonjezera, pepani.
Kotero ine ndinaganiza kuti mwina sibwino kunenanso kuti mitengo ikuyandikira kwambiri milingo imeneyo.
100% chifukwa zikuwoneka kwa ine ngati kasitomala wachotsa zinthu zambiri m'mbuyomu - timangofuna kuchoka ku maziko achifundo kupita ku bizinesi, sichoncho? M'malo mopereka ndalama zamakampani a E&P, tikufuna kuyamba kugawana nawo zina mwazabwino zomwe amapeza.