Agenda 2015 Perspective Superior Overview Operational Platform Financial Position
SPN 2015 Outlook = Well Positioned Downturns inevitable in cyclical business Build cash and maintain liquidity Reduced leverage, improved cost of capital Organizational structure designed to respond quickly How long will this…
Diversified Service Provider SPN Is The Only Mid-Sized, Diversified Service Provider Fifth largest diversified oil field services company Product lines deployed across U.S. Land, Gulf of Mexico and International markets Investment…
Products & Services Onshore Completion Drilling Products Production Services Technical Solutions & Workover Services Accommodations Horizontal Well Fracturing Coiled Tubing Pressure Control Services Completion Tools & Premium…
Our Approach Product / Service Line Suitability Are we the best owners of a business Is it exportable Can it generate acceptable returns If yes, expandif no, limit capex and explore alternatives Capital Deployment Pursue organic…
International Expansion A focused, disciplined approach to international expansion HOT LEGACY CORE SPOTS HOT U.K. Argentina Ghana SPOTS Norway Brazil Angola Risk Cont. Europe Colombia Nigeria Mexico Australia Thailand…
Core International Markets SA IN CO MY ID BR AU AR Core Markets 8
International Expansion International Revenue Growth (Core Product Lines) 300 248M 250 Completion Tools & Services International Revenue (million) 200 Pumping Services 150 71% CAGR Intervention Services 100 50…
U.S. Land Markets Near-TermOutlook Near-Term Outlook KeyStrategies Key Strategies Respond to market Respond withwith to market costcost reductions reductions Pricing: Different tactics in different product Pricing: Different…
Gulf of Mexico Near-Term Outlook Right Size shelf-related businesses Flat deep-water market for drilling products and completions through first half of 2015 Transfer assets to international opportunities Key Strategies…
Capitalization ( in Millions) 3/31/2015 12/31/2014 12/31/2010 Cash 415 393 51 Bank Borrowings - - 175 6 7/8% Sr Notes due 2014 - - 300 1.5% Sr Notes due 2011 - - 400 63/8% Sr Notes due 2019 500 500 - 71/8% SR Notes due 2021 800…
Balance Sheet Strength Liquidity Flexibility Greater than 1 billion as of 3/31/15 2015 Capital Expenditures reduced at least 35% from 2014 levels Cash on hand 415 million as of 3/31/14 Low levels of maintenance capital Revolving…
Well Positioned Prepared for extended market downturn Diversified geographically and across product lines Targeted organic growth and acquisition strategies Demonstrated execution of international growth Strong financial…