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HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Parker Drilling Co.

Parker Drilling Co. · Mar 28, 2012 · 24 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Parker Drilling Co. – slide 1
    Howard Weil 40th Annual Energy Conference Robert L. Parker Jr. Chairman, President & CEO W. Kirk Brassfield Senior Vice President & CFO March 28, 2012
  2. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Parker Drilling Co. – slide 2
    Agenda 1. Business Strategy 2. Operations Review 3. Financial Performance 3
  3. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Parker Drilling Co. – slide 3
    Strategic Profile Strategy Achieve and maintain Grow through selective Achieve execution market leadership in select investments with high return excellence and exercise markets potential financial discipline Business Segments…
  4. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Parker Drilling Co. – slide 4
    Competitive Strengths Industry-leading Safety Record Comprehensive Training 4.0 Broad range of training regimens, some 3.0 leading to IADC certification Simulated and live training exercises in 2.0 realistic full scale environments…
  5. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Parker Drilling Co. – slide 5
    Diversity and Balance Revenue 1 by Geography Revenue 2 by Customer Type United States Major Intl Oil Independents Companies & Regionals Latin America 54% 35% 14% 44% CIS 26% 9% 1% 5% 12% Natl Oil Companies Africa/Middle…
  6. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Parker Drilling Co. – slide 6
    Operations Review 7
  7. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Parker Drilling Co. – slide 7
    Business Segments Rental Tools U.S. Barge Drilling U.S. Drilling International Drilling Technical Services 7 U.S. Locations 13 Rigs 3 Rigs 26 Rigs Drilling Package Gulf of Mexico Design Drill pipe, other Coastal Waters 2 Alaska…
  8. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Parker Drilling Co. – slide 8
    Revenue and Earnings Mix Annual Revenues 1 Gross Margin 100% Technical Rental Services 2 80% Tools 4% 35% 60% 40% 47% 14% 20% U.S. Barge International Drilling 0% Drilling 0% 2009 2010 2011 Rental Tools U.S.…
  9. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Parker Drilling Co. – slide 9
    Rental Tools Unique Operating Strengths Current Market Position 2008 Leading supplier in growing shale plays 2009 Williston, ND and expanding in deep offshore markets Bakken shale Pennsylvania Marcellus shale Focused product…
  10. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Parker Drilling Co. – slide 10
    U.S. Barge Drilling Unique Operating Strengths Operating Results 250 75% Leading position in consolidated Gulf of Mexico barge drilling market 200 60% Preferred contractor with reputation for 150 45% delivering safe, efficient…
  11. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Parker Drilling Co. – slide 11
    U.S. Drilling New Design for Arctic Drilling Safety-engineered, state-of-the-art equipment package Highly automated drilling system Zero-discharge capabilities Fully enclosed, modular mobile units Strategy for Growth…
  12. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Parker Drilling Co. – slide 12
    International Drilling Unique Operating Strengths Operating Results Leading contractor with premium quality 375 75% fleet and trained, experienced rig 300 60% operators and management personnel for demanding applications 225 45%…
  13. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Parker Drilling Co. – slide 13
    Technical Services Operating Results 50 75% 40 60% 30 45% 20 30% 10 15% 0 0% 2009 2010 2011 Revenue Gross Margin % Gross Margin (millions) (millions) Unique Operating Strengths Strategy for Growth Experience-based…
  14. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Parker Drilling Co. – slide 14
    Operating Locations Alaska 2 Drilling Rigs Expected to be commissioned in 2012 14 United Drilling Rigs States 1 land and 13 barge 7 Rental Tools Locations 16 Drilling Rigs 15 land and 1 barge 10 Drilling Rigs 9 land…
  15. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Parker Drilling Co. – slide 15
    Results - picture Financial Performance
  16. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Parker Drilling Co. – slide 16
    Financial Performance Financial Position Operating Results Operations are in sound financial 1,000 75% condition 800 60% Cash flow available to fund investments 600 45% in rig fleet and rental tools expansions 400 30% Capability…
  17. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Parker Drilling Co. – slide 17
    Conservative Financial Management Strong Financial Position 1 Debt Leverage & Coverage Staggered debt maturity schedule 60% 4.0x Sr. Unsecured Notes due 2018 300 million 43.1% 41.8% 41.1% 41.6% 41.7% 41.4% Convertible Sr. Notes…
  18. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Parker Drilling Co. – slide 18
    Summary 19
  19. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Parker Drilling Co. – slide 19
    What makes PARKER DRILLING unique Strategy Enterprise Value (millions) Achieve and maintain leadership in 1,500 select markets 1,255 1,250 727 Grow through selective investments with 1,000 Equity high return potential 750 Market…
  20. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Parker Drilling Co. – slide 20
    Appendix 21
  21. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Parker Drilling Co. – slide 21
    RENTAL TOOLS UTILIZATION Utilization Index: Inventory 2005 - 2006 = 100 ( millions) 200 400 175 350 150 300 125 250 126.5 126.2 122.1 122.1 122.9 122.4 117.4 115.7 115.6 117.9 116.8 113.5 112.3 100 200 75 150…
  22. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Parker Drilling Co. – slide 22
    GULF OF MEXICO BARGE RIG FLEET UTILIZATION INTERMEDIATE DRILLING BARGE RIGS Rated 1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 RIG Depth JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR RIG 8B 14,000' 8B 15B 15,000' 15B 20B 13,000' 20B…
  23. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Parker Drilling Co. – slide 23
    WORLDWIDE DRILLING RIG FLEET UTILIZATION WORLDWIDE RIG LATIN AMERICA COMMITMENTS CURRENT 1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2011 2012 RIG HP LOCATION JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR 4Q 1Q 2Q 3Q 121 2,000…
  24. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Parker Drilling Co. – slide 24

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