Sanibonani futhi siyakwamukela eCalfrac Well Services Ltd. Ukukhishwa Kwemali Engenayo Yekota Yokuqala ka-2022 kanye Nocingo Lwengqungquthela. Umhlangano wanamuhla uyaqoshwa.
Okwamanje, ngingathanda ukudlulisela umhlangano kuMphathi Omkhulu Wezezimali uMike Olinek. Ngicela uqhubeke, mnumzane.
Ngiyabonga. Sawubona futhi wamukelekile engxoxweni yethu ngemiphumela yekota yokuqala ka-2022 yeCalfrac Well Services. Abangijoyine ocingweni namuhla yi-CEO yesikhashana yeCalfrac uGeorge Armoyan kanye noMongameli kanye ne-COO yeCalfrac uLindsay Link.
Ucingo lwanamuhla ekuseni luzoqhubeka kanje: UGeorge uzokwenza amazwi okuvula, bese ngifingqa ezezimali kanye nokusebenza kwenkampani. UGeorge uzobe esenikeza umbono webhizinisi likaCalfrac kanye namazwi okuvala.
Esimemezelweni sabezindaba esikhishwe ngaphambilini namuhla, iCalfrac ibike imiphumela yayo yekota yokuqala ka-2022 engakahlolwa. Sicela uqaphele ukuthi zonke izibalo zezimali zisedola laseCanada ngaphandle kokuthi kuchazwe ngenye indlela.
Ezinye zezimvo zethu namuhla zizobhekisela ezilinganisweni ezingezona eze-IFRS njenge-Adjusted EBITDA kanye ne-Operating Income. Ukuze uthole ukudalulwa okwengeziwe ngalezi zilinganiso zezimali, sicela ubheke isitatimende sethu sabezindaba. Izimvo zethu namuhla zizofaka nezitatimende ezibheke phambili mayelana nemiphumela yesikhathi esizayo kanye namathemba eCalfrac. Siyakukhumbuza ukuthi lezi zitatimende ezibheke phambili zingaphansi kwezingozi eziningi ezaziwayo nezingaziwa kanye nokungaqiniseki okungabangela ukuthi imiphumela yethu ihluke kakhulu kulokho esikulindele.
Sicela ubheke isitatimende sabezindaba sanamuhla ekuseni kanye namafayela e-Calfrac's SEDAR, okuhlanganisa noMbiko wethu Wonyaka ka-2021, ukuthola ulwazi olwengeziwe mayelana nezitatimende ezibheke phambili kanye nalezi zici eziyingozi.
Ekugcineni, njengoba sishilo esitatimendeni sethu sabezindaba, ngenxa yezehlakalo ezenzeka e-Ukraine, inkampani iyeke ukusebenza eRussia, yazibophezela ohlelweni lokuthengisa lezi zimpahla, futhi yaqoka imisebenzi yokuthengisa eRussia.
Ngiyabonga, Mike, sawubona, futhi ngiyabonga nonke ngokujoyina ucingo lwethu lwengqungquthela namuhla. Njengoba kungenzeka ukuthi uyazi, lolu ucingo lwami lokuqala, ngakho-ke khululeka. Ngakho-ke ngaphambi kokuba uMike anikeze amaphuzu avelele ezezimali zekota yokuqala, ngingathanda ukwenza amazwi ambalwa okuqala.
Sekuyisikhathi esithakazelisayo kuCalfrac njengoba imakethe yaseNyakatho Melika iqina futhi sesiqala ukuba nezingxoxo ezahlukahlukene namakhasimende ethu. Ukuguquguquka kwemakethe kufana kakhulu ngo-2017-18 kunango-2021. Sinentshisekelo ngamathuba nemivuzo esilindele ukuthi leli bhizinisi liyikhiqizele abathintekayo bethu ngo-2022 nangale kwalokho.
Le nkampani ikhiqize umfutho omuhle kwikota yokuqala futhi isendleleni yokuqhubeka nokukhula kuze kube sekupheleni kuka-2022. Ithimba lethu linqobe izinselele zokusebenzisa uchungechunge lokuhlinzeka ukuze liqede ikota ngendlela enamandla kakhulu. I-Calfrac izuze ekuthuthukisweni kwamanani kulo nyaka futhi ithuthukise ukuqondana namakhasimende ethu ukuthi ngenkathi sidlula izindleko zokwehla kwamandla emali ziseduze nesikhathi sangempela ngangokunokwenzeka.
Sidinga futhi ukwandisa amanani kuze kube sezingeni elizohlinzeka ngembuyiselo eyanele ekutshalweni kwethu imali. Kubalulekile kithi futhi kufanele sivuzwe. Uma sibheke phambili esikhathini esisele sika-2022 kanye no-2023, sikholelwa ukuthi sizophinde silwele ukufeza imbuyiselo yezezimali eqhubekayo.
Ngigcizelela ukuthi lapho isidingo somhlaba wonke sikawoyela negesi sanda, ukusebenza kahle kusenza sikwazi ukusizakala.
Ngiyabonga, imali engenayo ehlanganisiwe kaGeorge.Calfrac yekota yokuqala evela ekusebenzeni okuqhubekayo ikhuphuke ngo-38% unyaka nonyaka yaya ku-$294.5 million. Ukwanda kwemali engenayo kubangelwe kakhulu ukwanda okungu-39% kwemali engenayo ye-fracturing ngesigaba ngasinye ngenxa yezindleko zokufaka eziphezulu ezidluliselwe kumakhasimende kuzo zonke izingxenye zokusebenza, kanye namanani athuthukisiwe eNyakatho Melika.
I-EBITDA elungisiwe evela ekusebenzeni okuqhubekayo ebikwe kule kota yayingu-$20.8 million, uma kuqhathaniswa no-$10.8 million ngonyaka odlule. Imali engenayo yokusebenza evela ekusebenzeni okuqhubekayo ikhuphuke ngo-83% yaya ku-$21.0 million kusukela emalini engenayo yokusebenza engu-$11.5 million kwikota efanayo ka-2021.
Lokhu kwanda kwakubangelwa kakhulu ukusetshenziswa okuphezulu kanye namanani e-US, kanye nokusetshenziswa okuphezulu kwemishini kuyo yonke imigqa yesevisi e-Argentina.
Ukulahlekelwa yimali engenayo ngenxa yokusebenza okuqhubekayo kule kota bekuyizigidi eziyi-18 zamaRandi, uma kuqhathaniswa nokulahlekelwa yimali engenayo ngenxa yokusebenza okuqhubekayo okungu-$23 million kule kota efanayo ka-2021.
Ezinyangeni ezintathu eziphele ngomhlaka-31 Mashi 2022, izindleko zokwehla kwenani ezivela ekusebenzeni okuqhubekayo bezihambisana nesikhathi esifanayo ngo-2021. Ukwehla okuncane kwezindleko zokwehla kwenani kwikota yokuqala kwakubangelwa kakhulu ukuxubana nesikhathi sezindleko ezinkulu ezihlobene nezingxenye ezinkulu.
Izindleko zenzalo kwikota yokuqala ka-2022 zenyuke ngo-$0.7 million kusukela ngonyaka odlule ngenxa yemalimboleko ephezulu ngaphansi kwesikhungo sesikweletu esijikelezayo senkampani kanye nezindleko zenzalo ezihlobene nokukhishwa kwemali mboleko yebhuloho yenkampani.
Izindleko eziphelele zeCalfrac eziqhubekayo zokusebenza kwikota yokuqala bezingu-$12.1 million, uma kuqhathaniswa no-$10.5 million esikhathini esifanayo ngo-2021. Lezi zindleko zihlobene kakhulu nemali yokulungisa futhi zibonisa izinguquko enanini lemishini esebenza eNyakatho Melika esikhathini esiyiminyaka emibili.
Le nkampani ibone ukungena kwemali engu-$9.2 million ezinguqukweni zemali yokusebenza kwikota yokuqala, uma kuqhathaniswa nemali ephumayo engu-$20.8 million esikhathini esifanayo ngo-2021. Lolu shintsho lwalubangelwa kakhulu isikhathi sokuqoqwa kwemali ekhokhwayo kanye nezinkokhelo kubaphakeli, okuncishiswe kancane yimali yokusebenza ephezulu ngenxa yemali engenayo ephezulu.
Kwikota yokuqala ka-2022, imali engu-$0.6 million yamanothi e-lien angu-1.5 enkampani yaguqulwa yaba yisitokwe esivamile futhi kwatholakala inzuzo yemali engu-$0.7 million ngokusebenzisa amawaranti. Ukufingqa ibhalansi ekupheleni kwekota yokuqala, imali yenkampani evela ekusebenzeni okuqhubekayo yayingu-$130.2 million, kufaka phakathi imali engu-$11.8 million. Kusukela ngomhlaka-31 Mashi 2022, inkampani yayinesikweletu esingu-$0.9 million sezincwadi zesikweletu futhi yayinemali ebolekiwe engu-$200 million ngaphansi kwesikweletu sayo, okwashiya imali engu-$49.1 million itholakala ekugcineni kwekota yokuqala.
Umugqa wesikweletu senkampani unqunyelwe yisisekelo sokuboleka sanyanga zonke esingu-$243.8 million kusukela ngomhlaka-31 Mashi 2022. Ngaphansi kwemigomo yesikhungo sesikweletu esibuyekeziwe senkampani, iCalfrac kumele igcine okungenani u-$15 million ngesikhathi sokukhishwa kwesivumelwano.
Kusukela ngomhlaka-31 Mashi 2022, inkampani isikhiphe u-$15 million emalini mboleko yebhuloho futhi ingase icele ukukhishwa okwengeziwe okufika ku-$10 million, kanye nenzuzo enkulu engu-$25 million. Ekupheleni kwekota, isikhathi sokuvuthwa kwemali mboleko sanwetshwa kuze kube umhlaka-28 Juni 2022.
Ngiyabonga, Mike. Manje ngizokwethula umbono wokusebenza kweCalfrac kulo lonke indawo yethu. Imakethe yethu yaseNyakatho Melika yaqhubeka nokusebenza engxenyeni yokuqala yonyaka, njengoba besilindele, ngesidingo esikhulu semishini evela kubakhiqizi kanye nokutholakala okulinganiselwe kwamanje.
Silindele ukuthi imakethe iqhubeke nokuqina futhi abanye abakhiqizi ngeke bakwazi ukwenza imisebenzi yabo, okusiqinisekisa kahle ikhono lethu lokuphakamisa amanani ukuze sithole imbuyiselo efanelekile emishinini esiyithumelayo.
E-US, imiphumela yethu yekota yokuqala ibonise ukuthuthuka okunengqondo okulandelanayo kanye nonyaka nonyaka, ikakhulukazi ngenxa yokwanda okukhulu kokusetshenziswa emasontweni ayisithupha okugcina ekota.
Amaviki okuqala ayi-6 ayengemahle kakhulu. Sandise ukusetshenziswa kuzo zonke izindiza eziyi-8 ngoMashi futhi sesiqedile ngo-75% uma kuqhathaniswa noJanuwari. Ukusetshenziswa okuphezulu kuhlanganiswe nokusetha kabusha amanani ngoMashi kuvumele inkampani ukuthi iqede ikota ngokusebenza kahle kwezezimali okungcono kakhulu.
Imikhumbi yethu yesi-9 izoqala ekuqaleni kukaMeyi. Sihlose ukugcina leli zinga unyaka wonke ngaphandle kokuthi isidingo samakhasimende kanye namanani afanele noma yikuphi ukuvuselelwa kwedivayisi.
Sinekhono lokwakha imikhumbi yeshumi, mhlawumbe nangaphezulu, kuye ngentengo kanye nesidingo. ECanada, imiphumela yekota yokuqala yathinteka yizindleko zokuqala kanye nezindleko zokufaka ezikhula ngokushesha esasizama ukuzibuyisa kumakhasimende.
Sinengxenye yesibili enamandla ka-2022 ngokuqaliswa kwemikhumbi yethu yesine yokugaya ama-fracturing kanye neyunithi yethu yesihlanu yokugaya ama-coiled ukuze kuhlangatshezwane nesidingo esikhulayo samakhasimende. Ikota yesibili iqhubeke njengoba besilindele, ngesiqalo esihamba kancane ngenxa yokuphazamiseka kwesizini. Kodwa silindele ukusetshenziswa okunamandla kwemikhumbi yethu emikhulu emine yokugaya ama-fracturing ekupheleni kwekota, okuzoqhubeka kuze kube sekupheleni konyaka.
Ukuze siphathe izindleko zethu zabasebenzi bakaphethiloli ngesikhathi sekhefu laseNtwasahlobo, isigaba saseCanada sathumela abasebenzi kabusha okwesikhashana besuka eCanada baya e-United States ukuze sisize kakhulu ekwandiseni umsebenzi e-United States. Imisebenzi yethu e-Argentina iyaqhubeka nokubhekana nenselele yokwehla okukhulu kwenani lemali kanye nezingcindezi zokwehla kwamandla emali, kanye nokulawulwa kwemali ezungeze ukuphuma kwemali ezweni.
Kodwa-ke, muva nje sivuselele inkontileka ku-Vaca Muerta shale ezohlanganisa ukwanda kwemikhumbi yokuqothula kanye nentengo yeyunithi yokubopha amapayipi ehlanganisiwe namakhasimende akhona, kusukela engxenyeni yesibili ka-2022.
Silindele ukugcina izinga eliphezulu lokusetshenziswa kulo lonke unyaka. Ekuphetheni, siyaqhubeka nokusebenzisa izigaba zokuqala zomjikelezo wesidingo samanje ukuze sikhiqize imbuyiselo eqhubekayo yabanikazi bamasheya bethu.
Ngifuna ukubonga ithimba lethu ngokusebenza kwabo kanzima kule kota edlule. Ngibheke phambili onyakeni osele kanye nonyaka ozayo.
Ngiyabonga, George. Manje ngizobuyisela ucingo ku-opharetha wethu ukuze ngithole ingxenye yemibuzo nezimpendulo yocingo lwanamuhla.
[Imiyalelo Yomqhubi]. Sizophendula umbuzo wokuqala ovela kuKeith MacKey we-RBC Capital Markets.
Manje ngifuna ukuqala nge-US EBITDA ngeqembu, izinga lokuphuma kule kota liphakeme kakhulu kunangesikhathi ikota iqala. Ubona kuphi ukuthambekela engxenyeni yesibili yonyaka? Ucabanga ukuthi ungalinganisa i-EBITDA ngayinye yemikhumbi yonke yamaRandi ayizigidi eziyi-15 ku-Q3 kanye ne-Q4? Noma kufanele sibheke kanjani lokhu kuthambekela?
Bheka, ngisho ukuthi, bheka, sizama ukuthola eyethu — lona nguGeorge. Sizama ukuqhathanisa imakethe yethu nabancintisana nathi. Asikho neze izinombolo ezinhle kakhulu. Sithanda ukuqala ngamaRandi ayizigidi eziyi-10 bese sisebenzela indlela yakho kuze kufike ku-$15 million. Ngakho-ke sizama ukubona intuthuko. Njengamanje, sigxile ekusebenziseni nasekususeni izikhala ezinhlelweni zethu. Kodwa ekugcineni, yebo, sifuna ukuba phakathi kwamaRandi ayizigidi eziyi-10 namaRandi ayizigidi eziyi-15.
Cha, kunengqondo. Mhlawumbe ngokwemali mboleko, uma uzoqala imikhumbi eyi-10 e-US, uma unesilinganiso salokho okwamanje, ucabanga ukuthi lokho kuzoba yini ngokwemali mboleko?
AmaRandi ayizigidi ezi-6. Sithi — ngisho ukuthi sinamandla okuya ezindizeni ezingu-13 sezizonke. Kodwa izindizeni ze-11, 12 kanye ne-13 zizodinga imali engaphezu kwezigidi ezi-6 zamaRandi. Sisebenza ekutholeni izinombolo zokugcina uma isidingo sidlula futhi abantu beqala ukukhokhela ukusetshenziswa kwale divayisi.
Ngikuzwile. Ngiyabonga ngalowo mbala. Okokugcina kimi, ushilo ukuthi uthuthele abanye abasebenzi phakathi kweCanada ne-US kwikota yokuqala. Mhlawumbe khuluma kabanzi nge-supply chain ngokuvamile, ubonani maqondana nabasebenzi? Uboneni ogwini lolwandle? Sizwile ukuthi lokho sekuba yinkinga enkulu, noma okungenani inkinga enkulu maqondana nokulawula ijubane lomsebenzi wemboni kwikota yokuqala?
Yebo, ngicabange nje — ngicabanga ukuthi sithe asithuthanga kwikota yokuqala kodwa kwikota yesibili ngoba i-US yayimatasa kwikota yesibili futhi kwaba nokuhlukana eNtshonalanga Canada. Bengifuna nje ukucacisa. Bheka, yonke imboni, wonke umuntu ubhekene nezinselelo, izinselelo zochungechunge lokuhlinzeka. Sizama ukuba ngcono kakhulu. Bekunenkinga yesihlabathi eCanada kwikota yokuqala. Sizozama konke okusemandleni ethu ukubhekana nayo.
Kodwa akuzange kuguquke. Lesi yisimo esishintshashintshayo. Kufanele sihlale siphambili njengabo bonke abanye. Kodwa sithemba ukuthi lezi zinto azisivimbeli ekuhlinzekeni amakhasimende ethu ngomsebenzi osezingeni eliphezulu.
Bengifuna nje ukubuyela kumazwana akho mayelana nokwengeza amanye noma ama-fleet amabili e-US, ngisho ukuthi, ezingeni eliphezulu nje, ingabe udinga ukuvuselela lawo ma-fleet ukuze uthole ukwenyuka kwentengo ngamaphesenti? Uma kunjalo, ungabeka yini ezinye izikhala zemigomo eduze nesimo esingaba khona?
Ngakho-ke manje sesiqhuba imikhumbi engu-8. Siqala uMdlalo wesi-9 ngoMsombuluko, mhla ziyi-8 kuMfumfu - ngiyaxolisa, mhla ziyi-8 kuNhlaba. Bheka, ngisho ukuthi kunezinto ezimbili lapha. Sithemba ukuvuzwa. Sifuna ukuqiniseka kwesithembiso esivela kumakhasimende ethu.
Kufana nefomu lokuthatha noma ukukhokha – ngeke sisebenzise imali bese siyenza ilungiselelo elikhululekile lapho bengasisusa khona noma nini lapho befuna. Ngakho-ke, singacabangela ezinye izici. Sifuna ukuzibophezela okuqinile kanye nokusekelwa okungapheli – uma nje beshintsha imiqondo yabo, kufanele basikhokhele – izindleko zokusebenzisa lezi zinto lapha.
Kodwa futhi, kufanele sikwazi ukuqinisekisa ukuthi imikhumbi ngayinye ingathola phakathi kuka-$10 million no-$15 million ukuze sikwazi ukusabalalisa lezi zinto ezintsha — le mikhumbi emisha noma eminye imikhumbi, ngiyaxolisa.
Ngakho-ke ngicabange ukuthi mhlawumbe kulungile ukuphinda ukuthi amanani asondela kulawo mazinga. Kodwa okubaluleke kakhulu, ufuna ukubona ukuzibophezela kwesivumelwano kumakhasimende akho. Ingabe lokhu kulungile?
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