Scotia Howard Weil 43rd Annual Energy Conference March 24, 2015 Dick Alario Chairman, President and Chief Executive Officer
+recent commentary Market conditions shifted rig services coiled tubing services + well servicing activity exhibits + stacked four 2 units since the end of the roughly half the downside third quarter, brought working count to…
+recent commentary and Key is responding operational changes non-operational changes + reduced wages by up to 10% in many + reduced supply chain costs and areas commitments + eliminated field bonus programs + wage reductions and…
+market Even in a lower oil price scenario robust growth in HZ wellbores continues to materially outpace conventional market Vert. & Dir. Wells in Production (000s) HZ Wells in Production (000s) 1,200 Forecast 175 Forecast 1,000…
+advantage Keys solutions provide the equipment and service necessary to optimize production on existing wells and efficiently complete new wells
+rig services Industry-leading asset base provides flexibility and scale to capture market opportunities across the U.S. Rig Services Market Share (1) Actively Marketed Rigs by Class (2) Revenue by Geographic Play (3) Class 5 1%…
+rig services Heavy well maintenance activity continues to grow and our fleet is well-positioned to take advantage of this trend 100,000 350 90,000 300 80,000 70,000 250 Hours per Rig / Month 60,000 200 Rig Hours…
+fluid management Strong logistical footprint allows for near real-time asset mobility to take advantage of frontier markets while maintaining exposure to legacy production markets Revenue by Geographic Play (1) Barnett 4% Other…
+coiled tubing Exploit operating leverage through optimization of large-unit utilization and focusing on markets where we maintain the strongest competitive position Fleet Composition 47 Units (1) Revenue by Geographic Play (2) Other…
+fishing & rental Strong execution and attractive footprint in the traditional fishing & rental business and opportunity for turn-around in frac stack & well testing Revenue by Geographic Play (1) Other Gas 5% Haynesville…
+opportunities Though the opportunities are still before us, we must now weather the storm rig services coiled tubing services + customer de-concentration + focus full efforts on 2 3/8 units + grow big rig asset base + convert 2…
+global Global presence provides opportunities to diversify revenue base as well as an opportunity to apply expertise abroad Russia North America Canada Mexico United States Middle East Bahrain Oman Latin America Colombia…
+highlights + We are the global leader in onshore, rig-based well services + We have a strong reputation as a production- enhancement service provider + We are well-positioned to benefit from long-term secular trends + We have…