Johnson Rice Energy Conference October 2012 2012 Tesco Corporation. All rights reserved.
Our Vision To Become The Industry Leader in Eliminating Non- Productive Time (NPT) 2012 Tesco Corporation. All rights reserved. NASDAQ: TESO 3
What Do We Do Drilling Mechanization Leader Top Drive Systems Automated Pipe Running Products 2012 Tesco Corporation. All rights reserved. NASDAQ: TESO 4
Business Segments TOP DRIVES TOP DRIVE & TUBULAR SERVICES REVENUE (M) JUNE 2012 TTM - Sales Total: 556 - Rental Conventional Completions - Aftermarket Sales and Service Casing Running 10 37 Automated Casing TUBULAR SERVICES…
Meaningful Market Share Other Other CanRig 12% 19% 11% CanRig NOV NOV 17% 54% 20% Tesco Tesco Corporation Corporation 50% 17% TOP DRIVE SOLD UNITS TOP DRIVE RENTAL UNITS Other Other 9% 14% WFT Volant 9% Tesco…
Majority of Revenue Internationally REVENUE (M) JUNE 2012 TTM 56% of Revenue from Total: 579 outside North America EAME Russia 32 Asia Pacific 46 30 All business units US 158 contribute positive Latin America EBITDA 105…
What Makes Us Unique International Presence Leader in Mechanization Products Active R&D Portfolio Unique Global Service Infrastructure Excellent Historical Cash Generation Strong Balance Sheet 2012 Tesco Corporation. All rights…
Historical Revenue and EBITDA 700 600 500 400 Millions Revenue 300 EBITDA * 200 100 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 June June 2012 TTM TTM -100 *Non-GAAP…
Historical Revenue & ROCE Revenue & Return on Capital Employed 700.0 80.0% 70.0% 600.0 60.0% 500.0 50.0% 40.0% in Millions 400.0 30.0% 300.0 20.0% 200.0 10.0% 0.0% 100.0 -10.0% - -20.0% 1999 2000 2001 2002…
Proven Cash Management Net Cash (Debt) Position (M) 70.0 60.0 50.0 Through the last downturn eliminated outstanding debt 40.0 30.0 Purchased Egyptian tubular 20.0 services company in 2011 10.0 with cash on hand - 2007…
The Transition Is Complete 2012 Tesco Corporation. All rights reserved. NASDAQ: TESO 12
TESCO After Casing Drilling Focus on Product Excellence R&D Focus on Mechanization Products Lead the Industry Transformation to Full Rig Mechanization Implement Best-in-Class Quality Systems 2012 Tesco Corporation. All rights…
The Four Links Of Our Strategy 2012 Tesco Corporation. All rights reserved. NASDAQ: TESO 14
What is Our Future Develop Best-in-Class Service and Product Quality Become the Automation Company of Choice, Starting with Top Drives Become the Premier Tubular Services Company in the Industry Dominate the Space of Rig…
How Large Can We Grow Top Drive and Rig Mechanization Products: 2012 Tesco Corporation. All rights reserved. NASDAQ: TESO 16
How Large Can We Grow Top Drive After Market Services and Full Rig Servicing: 2012 Tesco Corporation. All rights reserved. NASDAQ: TESO 17
How Large Can We Grow Tubular Services Market: 2012 Tesco Corporation. All rights reserved. NASDAQ: TESO 18
Why Will We Succeed We Have a Proven Record of Profitable Growth We Have an Excellent Balance Sheet and Strong Management Team Our Products Are Well Differentiated We Have a Service Culture Which is Hard to Replicate We Are In a…
2012 Objectives Improve Profitability in All Segments Drive Record Revenue Accelerate Tubular Services Growth Find strategic partner for Casing Drilling Continue to Generate Free Cash From Operations Complete Key Strategic…
2013 Objectives Best-in-Class Return on Capital Employed Broaden Offshore Tubular Services Expand Our Products Offering Perfect Our Operational Processes Develop Compelling R&D Portfolio Continue to Generate Free Cash 2012…
Why Invest Now Stock Trading Near 2-year Low We are Trading Near Our Book Value Trading at About 4X TTM EBITDA Multiple We Have Great Growth Momentum We Will Redefine Mechanization in the Drilling Space We Have a History of…
Johnson RiceEnergy Conference October 2012 2012 Tesco Corporation. All rights reserved.
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