Enerflex Ltd (NYSE:EFXT) Q2 2023 Earnings Conference Call August 10, 2023 8:00 AM ET Stefan Ali - Vice President, IR and Business Development Energy Transition Rodney Gray - Senior VP & CFO Conference Call Participants Nick Corcoran - Acumen Capital Tim Monachello - ATB Capital Markets Good morning, ladies and gentlemen, and welcome to the Enerflex Second Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded. Stefan Ali Before I turn it over to ...

Yes. It's not helpful. We went to lengths in our prepared commentary to say a lot of our business is coming from crude oil plays and through that, you can read Permian. We don't have a significant amount of business in the Haynesville or the Marcellus. It's opportunistic, but it's not the core of our U.S. Engineered Systems strategy. The core of our business is really in the Permian and the Eagle Ford into the Bakken to a certain degree. And internationally, our U.S. Engineered Systems business, it's under ...

ENERFLEX LTD. REPORTS SOLID YEAR-END 2022 RESULTS AND SUCCESSFULLY CLOSES ACQUISITION OF EXTERRAN CORPORATION, CREATING SIGNIFICANT MOMENTUM FOR 2023 NEWS RELEASE CALGARY, Alberta, March 1, 2023 -- Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) ("Enerflex" or the "Company"), a premier integrated global provider of energy infrastructure and energy transition solutions, today reported its financial and operational results for the three months and year ended December 31, 2022. "2022 was a pivotal year for Enerflex," sa ...

Enerflex Ltd. (ENRFF) Q2 2022 Earnings Conference Call August 11, 2022 10:00 AM ET Company Participants Stefan Ali - Vice President, Strategy and Investor Relations Marc Rossiter - President and Chief Executive Officer Sanjay Bishnoi - Senior Vice President and Chief Financial Officer Ben Park - Vice President, Corporate Controller Conference Call Participants Tim Monachello - ATB Capital Markets Aaron MacNeil - TD Securities Andrew Bradford - Raymond James Michael Robertson - National Bank Financial John G ...

Enerflex Ltd (ENRFF) Q1 2022 Earnings Conference Call May 5, 2022 10:00 AM ET Company Participants Stefan Ali - Director of Strategy, Risk & IR Marc Rossiter - President and CEO Sanjay Bishnoi - Senior VP & CFO Conference Call Participants Michael Robertson - National Bank Financial Aaron MacNeil - TD Securities Cole Pereira - Stifel Tim Monachello - ATB Capital Markets Operator Good morning, ladies and gentlemen, and welcome to the Enerflex First Quarter 2022 Results Conference Call. [Operator Instructions ...

Financial Data and Key Metrics Changes - Enerflex reported its highest quarterly revenue since the beginning of the pandemic in Q4 2021, driven by strong demand recovery in oil and natural gas markets [6] - Operating income was lower compared to the previous year due to competitive margin pressures and lower government grants received, despite improvements in Engineered Systems revenues [13][14] - SG&A costs decreased to $40 million, down from the same period last year, due to lower share-based compensation and decreased profit share expense [14] Business Line Data and Key Metrics Changes - Engineered Systems bookings exceeded $320 million, indicating strong demand across global regions, particularly in Latin America [6][10] - The aftermarket service business gradually recovered from the downturn, while the Energy Infrastructure platform showed resilience with improved revenues and higher utilization rates [9] - The Rest of World segment secured a 10-year extension on a BOOM asset, reinforcing the strategic goal of generating long-term stable cash flows [10] Market Data and Key Metrics Changes - The recovery in demand was broad-based across Canada, the U.S., and Rest of World segments, with significant bidding activity noted in Latin America [6] - The company is navigating supply chain constraints and inflationary pressures on materials and freight costs, which are expected to persist throughout 2022 [7] Company Strategy and Development Direction - Enerflex is focused on energy transition initiatives, including decarbonization projects and partnerships for CCUS, renewable natural gas, hydrogen, and electrification [7][8] - The company announced an all-share acquisition of Exterran, aiming to create a comprehensive energy infrastructure company and increase recurring gross margin [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the macroeconomic fundamentals driving demand in major basins, despite geopolitical uncertainties [26] - The company is focused on preserving the strength of its balance sheet and maintaining conservative leverage, exiting the quarter with a net debt-to-EBITDA ratio of 1.0 to 1 [17] Other Important Information - Enerflex's 2022 capital expenditures are projected to be between $200 million to $220 million for growth CapEx, with additional amounts allocated for work in progress and maintenance [16] - The company derecognized $45 million in deferred tax assets related to unused tax losses, indicating a cautious approach to future taxable income in Canada [14][15] Q&A Session Summary Question: Energy transition initiatives traction and backlog - Management indicated that Engineered Systems bookings in the hydrogen and non-fossil fuel space range from $10 million to $30 million, with significant potential in CCUS projects valued at $30 million to $60 million [20][21] Question: Demand for bookings and bidding activity in early 2022 - Management noted a good pipeline for bookings, with macroeconomic fundamentals supporting demand in key regions despite geopolitical unrest [26] Question: Renewals and finance lease structures - It was indicated that most renewals are likely to be accounted for as finance leases, with a focus on evaluating each project individually [27] Question: Cash windfall related to deferred revenue - Management clarified that the cash increase was due to effective cash collection and working capital management, but it is not expected to be sustainable [30] Question: Engineered Systems margins outlook - Management acknowledged challenges in margins but expressed hope for improvement as the backlog shifts towards higher-margin projects [34][35] Question: Exposure to Russia and Ukraine - Management confirmed minimal exposure to Russia and Ukraine, emphasizing that the geopolitical situation does not materially impact Enerflex's business [45]

Exterran Corporation. (EXTN) Q3 2021 Results Earnings Conference Call November 3, 2021 11:00 AM ET Â Company Participants Blake Hancock - VP, IR Andrew Way - President and CEO David Barta - SVP and CFO Conference Call Participants Kyle May - Capital One Doug Becker - Benchmark Research Tim Monachello - ATB Capital Operator Greetings. Welcome to the Exterran Third Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the for ...

Exterran Corporation (EXTN) Q2 2021 Earnings Conference Call August 10, 2021 11:00 AM ET Company Participants Blake Hancock - VP, IR Andrew Way - President and CEO David Barta - SVP and CFO Conference Call Participants Kyle May - Capital One Samantha Hoh - Evercore ISI Tim Monachello - ATB Capital Doug Becker - Northland Capital Brian DiRubbio - Baird Operator Greetings and welcome to Exterran Corporation Second Quarter 2021 Earnings Call. [Operator Instructions] I would now like to turn this conference ove ...

Enerflex Ltd. (ENRFF) Q1 2021 Earnings Conference Call May 6, 2021 10:00 AM ET Company Participants Stefan Ali – Director of Investor Relations Marc Rossiter – President and Chief Executive Officer Sanjay Bishnoi – Senior Vice President and Chief Financial Officer Ben Park – Vice President, Corporate Controller Conference Call Participants Michael Robertson – National Bank Aaron MacNeil – TD Securities Tim Monachello – ATB Capital Markets Keith MacKey – RBC Operator Thank you for standing by, and welcome to ...

Exterran Corporation (EXTN) Q4 2020 Results Conference Call March 2, 2021 11:00 AM ET Company Participants Blake Hancock - Vice President, Investor Relations Andrew Way - President and Chief Executive Officer David Barta - Senior Vice President and Chief Financial Officer Conference Call Participants Kyle May - Capital One Securities Douglas Becker - Northland Capital Markets Samantha Hoh - Evercore ISI Tim Monachello - ATB Capital Brian DiRubbio - Baird Operator Greetings, and welcome to the Exterran Fourt ...