Company Snapshot HISTORY Established 1978; public since 1996 HEAD OFFICE Calgary, Alberta US OFFICES Denver (CO), Houston (TX), Austin (TX) Argentina, Australia, Bolivia, Brazil, INTERNATIONAL OFFICES Colombia, Ecuador,…
Mission Our mission is to provide technologies, information, and services that improve the effectiveness, efficiency and safety of drilling operations. We do this by: Deploying innovative, simple-to-use, and rig-tough technologies…
Financial Summary *Adjusted for foreign exchange, impairments, earnouts, and litigation provision. 10
Key Achievements in 2014 Financial Record revenue, EBITDA and earnings for the year 38% increase in operating profit for the year Increased dividend by 21% Share price outperformed relevant indices (SPTTEN and OSX) Operational US…
Metrics by Business Unit 12
Capital Allocation 13
2015 and Beyond
North American Land Rig Counts United States Canada 2,000 500 450 1,800 400 1,600 350 Active Land Rigs Active Land Rigs 300 1,400 250 200 1,200 150 1,000 100 50 800 - Aug Oct Dec Feb Apr Jun Aug Oct Dec…
Review of Q1-2015 Financial Results In C 000s Q1 2015 Q1 2014 Change Revenue United States 57,515 64,132 -10% Canada 29,359 47,861 -39% International 12,528 11,181 +12% 99,402 123,174 -19% EBITDA 44,126 70,569 -37% Net…
Corporate Objectives for 2015 Identify material new sources of revenue and pursue attractive M&A Grow the international business, especially in MENA and LATAM markets Defend market positions (both product penetration of new products…
2015 Product Development Objectives 18
Summary Strong track record of operational and financial performance Outstanding balance sheet and strong cash-generating capability Strong market position and high barriers to entry Access to the majority of land drilling rigs and…