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1 1 / FORWARD-LOOKING STATEMENTS In the interest of providing - PowerPoint PPT Presentation

Aug 23, 2022 •255 likes •604 views

1 1 / FORWARD-LOOKING STATEMENTS In the interest of providing information regarding Horizon North, including management's assessment of Horizon North's future plans and operations, certain statements made and contained in these presentation

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  2. / FORWARD-LOOKING STATEMENTS In the interest of providing information regarding Horizon North, including management's assessment of Horizon North's future plans and operations, certain statements made and contained in these presentation materials (collectively, this “presentation”) are “forward - looking statements”, “forwar d- looking information”, or “financial outlook” within the meaning of applicable Canadian securities laws (collectively, “forward - looking statements”). Forward -looking statements are typically, but not always, identified by words such as “anticipate”, “continue”, “estimate”, “expect”, “forecast”, “may”, “will”, “project”, “could”, “p lan ”, “intend”, “should”, “believe”, “outlook”, “potential”, “target”, “seek”, “budget”, “predict”, “might” and similar words suggesting future events or future performance. Statements regarding capital expenditures and future development plans, objectives and strategies are subject to all of the risks and uncertainties that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. All statements other than statements of historical fact may be forward-looking statements. The forward-looking statements contained in this presentation speak only as of the date of this presentation and are expressly qualified by this cautionary statement. The purpose of any financial outlook is to provide disclosure regarding Horizon North’s reasonable expectations as to the results of its proposed business activities and may not be appropriate for other purposes. Specifically, this presentation contains forward-looking financial and operational information, including: information relating to our business strategies, plans and objectives; our growth strategies; industry position; commodity pricing expectations; demand for beds, cash flow and related growth rates and stability; dividends paid on common shares and related growth; planned capital expenditures and plans for developing our assets and funding our capital expenditures in various geographic regions; and Horizon North’s business strategy for future growth. This information is based on Horizon North's current expectations and is subject to a number of risks and uncertainties that could materially affect future results. These risks include, but are not limited to, general economic risks and uncertainties, future commodity prices, exchange rates, interest rates, geological risk, political risk, regulatory approval risk, demand for commodities, including oil and gas, transportation restrictions, risks associated with changes in tax, royalty and regulatory regimes and risks associated with cross-border activities. Additional risks and uncertainties are described in Horizon North's Annual Information Form, as well as Horizon North's Management's Discussion and Analysis (“MD&A”) which are filed on SEDAR at www.sedar.com. Due to the risks, uncertainties and assumptions inherent in forward-looking statements, prospective investors in Horizon North's securities should not place undue reliance on these forward-looking statements. Forward-looking statements contained in this document are made as of the date hereof and are subject to change. Horizon North assumes no obligation to revise or update forward looking statements to reflect new circumstances, except as required by applicable securities laws. This presentation contains certain non-standardized financial measures including net debt and fund flows from operations as well as non-GAAP measures including netbacks that are not determined in accordance with International Financial Reporting Standards (“IFRS”) as issued by the Internationa l Accounting Standards Board. These measures as presented do not have any standardized meaning prescribed by IFRS and therefore may not be comparable with calculations of similar measures by other companies. Reference is made to Horizon North's publicly filed documents, including our most recently filed MD&A, for a discussion of these measures, including a reconciliation of fund flows from operations to cash flow from operating activities and net debt to long-term debt. Management believes that, in conjunction with results presented in accordance with IFRS, these measures assist in providing a more complete understanding of certain aspects of Horizon North's results of operations and financial performance. Investors are cautioned, however, that these measures should not be construed as an alternative to measures determined in accordance with IFRS as an indication of our performance. 2 2

  3. / OUR BELIEFS 3 3

  4. / SAFETY STATISTICS Full Year Stats 2019 YTD 2018 2017 2016 2015 2014 2013 2012 2011 6 18 10 8 22 28 29 63 51 No. Of Total Recordable Incidents Total Hours Worked 772K 4.19M 3.20M 3.04M 4.39M 5.38M 5.14M 4.55M 3.46M 0.99 0.86 0.62 0.52 1.00 1.04 1.13 2.77 2.94 Lost Time Incidents 0 0 1 0 1 1 0 2 5 Lost Time Incident Rate 0.00 0.00 0.06 0.00 0.05 0.04 0.00 0.09 0.29 Equipment/Property Damage (> $2,500 Damage) 0 2 2 2 4 7 4 6 2 Vehicle Incidents (> $2,500 Damage) 0 8 5 7 2 3 8 7 9 Total Kilometers Driven 1.52M 7.97M 7.95M 8.87M 10.9M 12M 10.5M 9.70M 7.91M 12 Month Rolling Period – February 2019 4 4

  5. / ABORIGINAL AND COMMUNITY RELATIONS 24 Aboriginal Partnerships Significant Pillars • Formalized Corporate Aboriginal Policy • Actively engaged with over 100+ Aboriginal communities • 15% of total workforce self-identify as Aboriginal • Ongoing employment and workforce development programs 3 2 • Committed to local and Aboriginal supply chain development 12 5 1 1 5 5

  6. / OUR JOURNEY 6 6

  7. / FINANCIAL SNAPSHOT Stock Information (000's except per share amounts) Fiscal 2018 Fiscal 2017 Revenue $ 394,245 $ 324,082 Symbol (TSX): HNL EBITDAS 36,683 30,045 Headquarters: Calgary, Alberta Total loss (8,196) (7,843) EPS (0.05) (0.05) Year End: December 31 Funds flow 39,685 55,308 Net Capital (Proceeds) Spending 21,866 (23,830) Shares Outstanding: 164,268,988 Share Price: $1.77 Stock Pricing History (Mar 12, 2019) $2.50 Market Capitalization: $291 million $2.00 Debt: $31 million $1.50 (Dec 31, 2018) $1.00 Enterprise Value: $322 million $0.50 $- Dividend Per Share: $0.02/quarterly December 2017 December 2018 December 2016 7 7

  8. / BIFURCATED OPERATING STRATEGY Industrial Services Modular Solutions 8 8

  9. / TRANSFORMATIONAL CHANGE *revenue expressed in 000’s 9 9

  10. / INDUSTRIAL SERVICES Camps and Accommodations Catering and Hospitality Matting Solutions Relocatable Structures Soil Stabilization Transportation Utilities Water and Wastewater Operational Maintenance 10 10 10

  11. / ASSET AND FLEET DETAILS - INDUSTRIAL SERVICES Assets Dec. 31, 2018 Dec. 31, 2017 Average Rentable Beds 9,635 9,347 Mats 34,606 29,800 Relocatable Structures 851 1,173 11 11 11

  12. / WHERE WE OPERATE – INDUSTRIAL SERVICES Oilsands W5/W6 Non-energy Westcoast LNG/LPG 12 12

  13. / OILSANDS STRATEGY Partnership Name Partners Industry Athabasca Chipewyan First Nation (ACFN) Primarily Oilsands Mining Alberta - Saskatchewan Border Horizon North (Acden Horizon North Limited Partnership) Fort McMurray Chipewyan Prairie Dene First Nation Primarily Steam Assisted Gravity Drainage (SAGD) Horizon North (Sëkui Limited Partnership) 13

  14. / MONTNEY/DUVERNAY STRATEGY Montney Duvernay 14

  15. / MONTNEY/DUVERNAY STRATEGY Largest Open Camp Provider In Montney/Duvernay • Largest open and customer camp provider in Montney/Duvernay by market share • Key First Nations partnerships • North Montney – support LNG feed stock • South Montney/Duvernay – support liquid-rich natural gas production • Prolific new business opportunities in the region • Land-lease strategy in place for future business 15

  16. / MONTNEY/DUVERNAY STRATEGY Access Matting • Rental and sale of inter-locking oak Swamp Mats TM , steel framed rig mats, composite/plastic mats, crane mats and custom matting • Full range of services including transportation, installation, repair, storage and client inventory management • Ancillary rental equipment 16 16 16

  17. / NORTHERN DEVELOPMENT Existing Partners Forward Looking Existing Projects 17 17

  18. / LIQUEFIED NATURAL GAS (LNG) West Coast Development (5+ Years) Pipeline Infrastructure (2-3 Years) Montney/Duvernay Development (20 + Years) 18 18

  19. / LNG – POTENTIAL POINTS OF REVENUE 1 Behind the Gate 2 8 Hospitality and Operations Behind the Gate Behind the Gate Construction Maintenance 7 3 LNG Open Camps 1,000 Person Canada NE BC Open Camp *first beds expected to open mid-Q2 2019 4 6 16 Acre Commercial Pipeline Camps Development 5 27 Acres Residential Development 19 19

  20. / KITIMAT CROSSROADS OVERVIEW 20 20

  21. / MODULAR SOLUTIONS Hotels Office Complexes Senior Centers Retail and Franchise Government Infrastructure Multi-family Developments Luxury Homes Single Family Dwellings 21 21

  22. / WHERE WE OPERATE - MODULAR SOLUTIONS Future Current Modular Solutions Locations Grande Prairie, AB Kamloops, BC Aldergrove, BC Calgary, AB Grimsby, ON (purchase to close April 2019) 22 22

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