THE DIFFERENTIATOR IN DRILLING FLUIDS SERVICES
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May 2017
QMAX – WHO WE ARE• Multinational company with more than 1,000 employees globally
• Acquired Palladium Equity Partners: May 2014
• Founded in Canada in 1993
• Operating in 17 Countries
• Headquarters in Houston, TX
• Aggressive growth plans through acquisitions and alliances (seven acquisitions over the last 2 years)
• The Company is now the 5th largest drilling fluids services company in the world, and holds as its mission to become the preeminent drilling fluids company
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QMAX HAS BUILT A GLOBAL FOOTPRINT
Singapore
Kurdistan
Delhi, India
Mumbai, India
UAE
South Sudan
Kenya
Canadian Arctic
Alberta, CanadaSaskatchewan, Canada
Houston , Texas
British Colombia, Canada
Veracruz, Mexico
Reynosa, MexicoAltamira, MexicoPoza Rica, Mexico
Ciudad Del Carmen, Mexico
Villahermosa, Mexico
Colombia
Ecuador
Brazil
Patriot Drilling FluidsMud Mixers
Kuwait
Saudi Arabia
Ethiopia
Midland
TanzaniaPeru
East Coast, Canada
Trinidad
Algeria Egypt
QMAX IS GROWING – HIGHLIGHTS:
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8 Acquisitions since PE buyout in 2014 (more in the pipeline)
USA• 4 acquisitions in last 2 years• QMax client base quadrupled 2014 to today• Permian, Eagle Ford, Utica, Marcellus, Bakken, Mid‐Con
Colombia• Recovery of QMax rig count from the low point in 2016
to almost pre‐crash levels by 1Q 2017North Africa
• Acquisition in 2017• Presence in Egypt and Algeria
Middle East/East Africa• Increased operations in Northern Iraq• New operations in the Emirates and East Africa• Agency Agreements in all major ME markets
Summary Historical and Projected Results
QMax Market Share Trends
2013 2014 2015 2016 2017 2018 2019 2020 2021
Revenue EBITDA
$ Millions
QMax Has Gained Market Share in the Downturn
7%
9%10%
Avg Dec '14 Avg Dec '15 Avg Dec '16
THE STORY IS RESONATING WITH OUR CLIENTS: LEADING TO MARKET‐SHARE GAINS AND A BLUE CHIP CUSTOMER BASE
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Legacy Customers Acquired Customers New Organically Developed Customers