Zuva rakanaka uye tinokugamuchirai kuCalfrac Well Services Ltd. Kuburitswa kweMari yeKota Yekutanga ya2022 uye Kufona Kwemusangano. Musangano wanhasi uri kurekodhwa.
Panguva ino, ndinoda kuendesa musangano kuna Chief Financial Officer Mike Olinek. Ndapota endererai mberi, changamire.
Maita basa. Mangwanani uye tinokugamuchirai kuhurukuro yedu yemhedzisiro yeCalfrac Well Services mukota yekutanga ya2022. Vandibatana navo panhare nhasi ndiGeorge Armoyan, mukuru wenguva pfupi weCalfrac, pamwe naPresident uye COO weCalfrac, Lindsay Link.
Kufona kwemusangano wemangwanani ano kuchaenderera mberi seizvi: George achapa mamwe mashoko ekutanga, uye ini ndichapfupikisa mari yekambani uye mashandiro ayo. George achabva ataura maonero ebhizinesi raCalfrac pamwe nemamwe mashoko ekupedzisira.
Mumashoko akaburitswa nevezvenhau kare nhasi, Calfrac yakashuma mhedzisiro yayo yekota yekutanga ya2022 isina kuongororwa. Ndokumbirawo mucherechedze kuti nhamba dzese dzemari dziri mumadhora ekuCanada kunze kwekunge zvataurwa neimwe nzira.
Mamwe emashoko edu nhasi achataura nezvematanho asiri eIFRS akadai seAdjusted EBITDA neOperating Income. Kuti uwane mamwe mashoko pamusoro pematanho aya emari, ndapota onai pepanhau redu. Mashoko edu nhasi achasanganisirawo zvirevo zveramangwana maererano nemhedzisiro yeCalfrac yeramangwana uye tarisiro. Tinokuyeuchidzai kuti zvirevo izvi zveramangwana zvine njodzi dzakawanda dzinozivikanwa nedzisingazivikanwe uye kusava nechokwadi kunogona kukonzera kuti mhedzisiro yedu isiyane zvakanyanya nezvataitarisira.
Ndapota tarisai kuburitswa kwenhau mangwanani ano uye magwaro eCalfrac eSEDAR, kusanganisira Mushumo wedu weGore negore wa2021, kuti muwane rumwe ruzivo maererano nemashoko ekutarisira ramangwana uye zvinhu izvi zvine njodzi.
Pakupedzisira, sezvatakambotaura mumashoko edu enhau, tichitarisa zviitiko muUkraine, kambani iyi yakamisa kushanda muRussia, yakazvipira kuhurongwa hwekutengesa zvinhu izvi, uye yakaronga kushanda muRussia kuti zvitengeswe.
Mazvita, Mike, mangwanani akanaka, uye ndinokutendai mose nekundibatana nesu pamusangano wedu nhasi. Sezvamungangoziva, iyi ndiyo nguva yangu yekutanga yekufona, saka sununguka. Saka Mike asati ataura nezvenyaya dzemari dzekota yekutanga, ndinoda kutaura mashoko mashoma ekutanga.
Inguva inonakidza kuCalfrac sezvo musika wekuNorth America uchinyanya kuoma uye tiri kutanga kutaura nevatengi vedu zvakasiyana-siyana. Maitiro emusika akafanana zvikuru muna 2017-18 kupfuura muna 2021. Tine shungu nemikana nemibairo yatinotarisira kuti bhizinesi iri riunze kune vane chekuita nebhizinesi redu muna 2022 zvichienda mberi.
Kambani iyi yakagadzira kufambira mberi kwakanaka mukota yekutanga uye iri munzira yekuramba ichikura kusvika mugore ra2022 rasara. Chikwata chedu chakakunda matambudziko ekushandisa zvitoro kuti chipedze kotara yacho nenzira yakasimba. Calfrac yakabatsirwa nekuvandudzwa kwemitengo yegore rino uye yave nekunzwisisana nevatengi vedu kuti kunyange zvazvo tichipfuura mitengo yekukwira kwemitengo, mitengo yacho inofanira kunge iri pedyo nenguva chaiyo sezvinobvira.
Tinofanirawo kuwedzera mitengo kusvika padanho rinopa purofiti yakakwana pamari yatinoisa. Zvakakosha kwatiri uye tinofanira kupihwa mubairo. Tichitarisa mberi kune yasara yegore ra2022 uye mugore ra2023, tinotenda kuti tichaedza zvakare kuwana purofiti inoenderera mberi mune zvemari.
Ndinosimbisa kuti kana kudiwa kwemafuta negesi pasi rose kukawedzera, kushanda zvakanaka kunoita kuti tikwanise kushandisa mukana wacho.
Mazvita, George. Calfrac akawana mari yakawedzerwa kubva mukushanda kwakaramba kuchiita basa rake yakakwira ne38% gore negore kusvika pamadhora $294.5 miriyoni. Kuwedzera kwemari iyi kwakakonzerwa nekuwedzera kwe39% kwemari yekupwanya fracturing padanho rega rega nekuda kwemitengo yakakwira yekupinda inopihwa vatengi muzvikamu zvese zvekushanda, pamwe nekuvandudzika kwemitengo muNorth America.
EBITDA yakagadziriswa kubva mumabasa anoenderera mberi yakashumwa mukota iyi yaive $20.8 miriyoni, zvichienzaniswa ne $10.8 miriyoni pagore rapfuura. Mari inoshandiswa kubva mumabasa anoenderera mberi yakawedzera ne83% kusvika $21.0 miriyoni kubva mumari inoshandiswa mumabasa ye $11.5 miriyoni mukota yakaenzana ya2021.
Kuwedzera uku kwakakonzerwa zvakanyanya nekushandiswa kwakanyanya uye mitengo muUS, pamwe nekushandiswa kwakanyanya kwemidziyo mumitsetse yese yebasa muArgentina.
Kurasikirwa kwakawanikwa kubva mukuenderera mberi kwemabasa mukota iyi kwaive mamiriyoni gumi nemasere emadhora ($18 miriyoni), zvichienzaniswa nekurasikirwa kwakawanikwa kubva mukuenderera mberi kwemabasa emadhora ($23 miriyoni) mukota imwe chete ya2021.
Kwemwedzi mitatu yakapera musi wa31 Kurume, 2022, mari yekuderera kwemutengo kubva mumabasa aienderera mberi yaienderana nenguva imwecheteyo muna 2021. Kuderera kudiki kwemari yekuderera kwemutengo mukota yekutanga kwakakonzerwa nekusanganiswa nenguva yekushandisa mari ine chekuita nezvikamu zvikuru.
Mari yemubereko muchikamu chekutanga chegore ra2022 yakawedzera nemadhora mamiriyoni 0.7 kubva mugore rapfuura nekuda kwechikwereti chakakwira pasi pechirongwa chechikwereti chekambani chinotenderera uye mari yemubereko ine chekuita nekubvisa chikwereti chekambani pachikwereti.
Mari yese yakashandiswa neCalfrac muchikamu chekutanga chegore yaive $12.1 miriyoni, zvichienzaniswa ne $10.5 miriyoni munguva imwe chete muna 2021. Mari iyi inonyanya kuenderana nemari yekugadzirisa uye inoratidza shanduko muhuwandu hwemidziyo iri kushandiswa muNorth America mukati menguva mbiri.
Kambani iyi yakaona kuchinja kwemari yekushandisa inosvika mamiriyoni mapfumbamwe nemazana maviri emadhora ($9.2 miriyoni) muchikamu chekutanga chegore, zvichienzaniswa ne $20.8 miriyoni yakabuda munguva imwe chete muna 2021. Shanduko iyi yakakonzerwa zvikuru nenguva yekuunganidzwa kwemari inobhadharwa nevanopa mari, zvichideredzwa zvishoma nemari inobhadharwa nekuda kwekuwedzera kwemari inoshandiswa.
Muchikamu chekutanga cha2022, $0.6 miriyoni ye1.5 lien notes yekambani yakashandurwa kuita common stock uye mari inosvika $0.7 miriyoni yakagamuchirwa kubva mukushandiswa kwewaranti. Tichipfupikisa bhajeti remari pakupera kwechikamu chekutanga, mari yekambani kubva mukushanda kwaienderera mberi yaive $130.2 miriyoni, kusanganisira $11.8 miriyoni yemari. Kubva musi wa31 Kurume 2022, kambani yaive nechikwereti che $0.9 miriyoni chetsamba dzechikwereti uye yaive nechikwereti che $200 miriyoni pasi pechikwereti chayo, zvichisiya $49.1 miriyoni iripo pakukwanisa kukwereta pakupera kwechikamu chekutanga.
Mari yechikwereti yekambani inoganhurirwa nechikwereti chemwedzi wega wega chemadhora mazana maviri nemakumi mana nematatu nemakumi masere nemana nemazana masere nemakumi masere nemana nemazana masere emamiriyoni ($243.8 million) kubva musi wa31 Kurume, 2022. Zvichienderana nemitemo yechikwereti chekambani chakagadziriswazve, Calfrac inofanira kuchengetedza mari inosvika mamiriyoni gumi nemashanu ($15 million) panguva yekuburitswa kwechibvumirano ichi.
Kubva musi wa31 Kurume 2022, kambani iyi yabvisa mari inosvika mamiriyoni gumi nemashanu emadhora kubva pachikwereti chebhiriji uye inogona kukumbira mamwe mari inosvika mamiriyoni gumi emadhora, nerubatsiro rukuru rwemamiriyoni makumi maviri nemashanu emadhora. Pakupera kwekota, nguva yechikwereti yakawedzerwa kusvika musi wa28 Chikumi 2022.
Maita basa, Mike. Ndicharatidza maonero ekushanda kweCalfrac munzvimbo dzakasiyana siyana dzatinogara. Musika wedu wekuNorth America wakaramba uchishanda muhafu yekutanga yegore, sezvataitarisira, nekudiwa kwakawanda kwemidziyo kubva kuvagadziri pamwe nekushaikwa kwemidziyo kubva pamusika.
Tinotarisira kuti musika ucharamba wakaoma uye vamwe vagadziri havazokwanisi kuita mabasa avo, izvo zvinoratidza kuti tinogona kukwidza mitengo kuti tiwane purofiti yakanaka kubva mumidziyo yatinoisa.
MuUS, zvabuda mukota yekutanga zvakaratidza kuvandudzika kwakatevedzana uye kwegore negore, kunyanya nekuda kwekuwedzera kukuru kwekushandiswa kwemishonga mumavhiki matanhatu ekupedzisira ekota.
Mavhiki matanhatu ekutanga akanga asina kunaka zvakanyanya. Takawedzera kushandiswa kwemakambani ese masere munaKurume uye tapedza ne75% zvichienzaniswa naNdira. Kushandiswa kwepamusoro pamwe chete nekugadziriswazve kwemitengo munaKurume kwakaita kuti kambani ipedze kota iyi nekushanda kwemari kuri nani zvikuru.
Makambani edu e9 achatanga kutanga kwaChivabvu. Tine chinangwa chekuchengetedza huwandu uhwu kwegore rose kunze kwekunge zvinodiwa nevatengi uye mitengo zvichiratidza kuti hapana chimwe chinhu chichaitwazve.
Tine kugona kuvaka ngarava yegumi, pamwe zvakatowanda, zvichienderana nemitengo uye kudiwa. MuCanada, mhedzisiro yekota yekutanga yakakanganiswa nemitengo yekutanga uye mitengo yekupinda yaiwedzera nekukurumidza yataiedza kuwana kubva kuvatengi.
Tine chikamu chechipiri chakasimba chegore ra2022 nekutanga kwezvikepe zvedu zvechina zvekupwanya mapfupa pamwe nechikamu chedu chechishanu chekupwanya mapfupa chakakomberedzwa kuti tigutse kudiwa kwevatengi kuri kukura. Chikamu chechipiri chakafambira mberi sezvataitarisira, nekutanga zvishoma nezvishoma nekuda kwekukanganiswa kwemwaka. Asi tinotarisira kushandiswa kwakasimba kwezvikepe zvedu zvina zvikuru zvekupwanya mapfupa pakupera kwechikamu, izvo zvicharamba zvichienderera mberi kusvika pakupera kwegore.
Kuti titarisire mari yemafuta panguva yezororo reChirimo, chikamu cheCanada chakatumira vashandi kubva kuCanada kuenda kuUnited States kwenguva pfupi kuti zvibatsire kuwedzera basa muUnited States. Mabasa edu muArgentina ari kuramba achinetswa nekudzikira kukuru kwemari uye kukwira kwemitengo, pamwe nekudzora mari inobuda munyika.
Zvisinei, munguva pfupi yapfuura takavandudza chibvumirano muVaca Muerta shale chichabatanidza kuwedzera kwemitengo yezvikepe zvefracturing uye mitengo yezvikamu zvemachubhu akamoneredzwa nevatengi varipo, kutanga muhafu yechipiri ya2022.
Tinotarisira kuchengetedza huwandu hwekushandiswa kwakawanda kwegore rose. Mukupedzisa, tinoramba tichishandisa matanho ekutanga edanho rezvinodiwa parizvino kuti tiwane purofiti inogarika kune vane migove vedu.
Ndinoda kutenda timu yedu nekushanda nesimba kwavo muchikamu chegore chapfuura. Ndiri kutarisira gore rose negore rinouya.
Mazvita, George. Ndichadzosera runhare kumunhu wedu wekupa mhinduro nemhinduro kuhurukuro yanhasi.
[Mirayiridzo yeMushandisi]. Tichapindura mubvunzo wekutanga kubva kuna Keith MacKey weRBC Capital Markets.
Zvino ndinoda kutanga neUS EBITDA pachikwata chimwe nechimwe, mwero wekubuda muchikamu chino wakakwira zvikuru kupfuura pakatanga chikamu chimwe chete. Unoona kupi mafambiro ari muchikamu chechipiri chegore? Unofunga kuti unogona here kuona avhareji yeEBITDA pachikamu chimwe nechimwe chezvikepe yemadhora gumi nemashanu muchikamu chechitatu nechikamu chechina? Kana kuti tinofanira kuona sei maitiro aya?
Tarisai, ndinoreva, tarisai, tiri kuedza kuwana yedu — uyu ndiGeorge. Tiri kuedza kuenzanisa musika wedu nevanokwikwidza nesu. Hatisi nhamba dzakanakisisa. Tinoda kutanga nemadhora gumi emamiriyoni uye kushanda nesimba kusvika kumadhora gumi nemashanu emamiriyoni. Saka tiri kuedza kuona kufambira mberi. Pari zvino, takatarisana nekushandisa nekubvisa mikaha iri muzvirongwa zvedu. Asi pakupedzisira, hongu, tinoda kuva pakati pemadhora gumi emamiriyoni nemadhora gumi nemashanu emamiriyoni.
Kwete, zvine musoro. Pamwe kana tichitarisa mari, kana muchizotanga ngarava gumi muUS, kana muine fungidziro yekuti pari zvino, munofunga kuti mari iyoyo ichave yakaita sei kana tichitarisa mari?
$6 miriyoni. Isu — Ndiri kureva kuti tine mukana wekuenda kumapoka gumi nematatu engarava. Asi makambani engarava e11, 12 ne13 anoda mari inodarika $6 miriyoni. Tiri kushanda pakuwana nhamba dzekupedzisira kana kudiwa kwacho kukadarika uye vanhu vakatanga kubhadhara kushandiswa kwemudziyo uyu.
Ndanzwisisa. Ndotenda neruvara irworwo. Pakupedzisira kwandiri, wakataura kuti wakatamisa vamwe vashandi pakati peCanada neUS muchikamu chekutanga. Pamwe ingotaurai zvakawanda nezve supply chain, munoonei panyaya yevashandi? Chii chamakaona pamhenderekedzo yegungwa? Tanzwa kuti zviri kuva dambudziko guru, kana kuti dambudziko guru panyaya yekudzora kumhanya kwebasa reindasitiri muchikamu chekutanga?
Ehe, ndakangofunga — ndinofunga takati hatina kutamira muchikamu chekutanga asi muchikamu chechipiri nekuti US yaive yakabatikana muchikamu chechipiri uye pakanga paine kupatsanurwa muWestern Canada. Ndaida kungojekesa. Tarisa, indasitiri yega yega, munhu wese anotarisana nematambudziko, matambudziko ekutengesa zvinhu. Tiri kuedza kuva vakanakisisa. Kwakanga kune dambudziko rejecha muCanada muchikamu chekutanga. Tichaedza nepese patinogona napo kugadzirisa dambudziko iri.
Asi hazvina kuchinja. Iyi inyaya inochinja-chinja. Tinofanira kuramba tichifambira mberi sevamwe vese. Asi tinovimba kuti zvinhu izvi hazvititadzise kupa vatengi vedu basa remhando yepamusoro.
Ndaida kungodzokera kune zvawakataura nezvekuwedzera mamwe kana maviri ezvikepe muUS, ndiri kureva kuti, padanho repamusoro, unofanira here kudzorerazve zvikepe izvozvo kuti mitengo iwedzere? Kana zvakadaro, unogona here kuisa zvimwe zvinangwa pamamiriro ezvinhu angangoitika?
Saka ikozvino tava kumhanya nemapoka masere. Tichatanga Mutambo wechi9 neMuvhuro, Gumiguru 8 - ndine urombo, Chivabvu 8. Tarisai, ndiri kureva kuti pane zvinhu zviviri pano. Tinotarisira kuwana mubairo. Tinoda chokwadi chevimbiso kubva kuvatengi vedu.
Zvakafanana nefomu rekutora kana kubhadhara - hatisi kuzoisa mari mubhizinesi toita kuti ive nzira isina kurongeka yekuti vanogona kutibvisa chero nguva yavanoda. Saka, tinogona kufunga nezvezvimwe zvinhu. Tinoda kuzvipira kwakasimba uye rutsigiro rusingazununguki - kana vakangochinja pfungwa dzavo, vanofanira kutibhadhara - mutengo wekuisa zvinhu izvi pano.
Asi zvakare, tinofanira kukwanisa kuva nechokwadi chekuti boka rega rega rengarava rinogona kuwana pakati pemadhora gumi nemamiriyoni gumi nemashanu emadhora kuti tikwanise kuisa zvinhu zvitsva izvi — ngarava idzi itsva kana mamwe ngarava, ndine urombo.
Saka ndakafunga kuti pamwe hazvina kuipa kudzokorora kuti mitengo iri kuswedera pedyo nematanho iwayo. Asi chinonyanya kukosha ndechekuti, unoda kuona chibvumirano kubva kuvatengi vako. Izvi zvakarurama here?
100% nekuti zvinoita sekunge mutengi akabvisa zvinhu zvakawanda kare - taingoda kubva pakuva sangano rerudo kuenda kubhizinesi, handiti? Pane kutsigira makambani eE&P, tinoda kutanga kugovana zvimwe zvezvakanakira zvavanowana.