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UBS 2015 GLOBAL OIL & GAS CONFERENCE – Parker Drilling Co.

Parker Drilling Co. · May 21, 2015 · 17 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. UBS 2015 GLOBAL OIL & GAS CONFERENCE – Parker Drilling Co. – slide 1
    Management Presentation Gary Rich, Chairman, President & Chief Executive Officer UBS Global Oil and Gas Conference May 21, 2015
  2. UBS 2015 GLOBAL OIL & GAS CONFERENCE – Parker Drilling Co. – slide 2
    Strategic Focus Be the premier supplier of rental Operational execution tools and drilling services to the U.S. and international markets Reduce customers operating risks and operating costs Develop paths for growth Financial…
  3. UBS 2015 GLOBAL OIL & GAS CONFERENCE – Parker Drilling Co. – slide 3
    Customers Best Partner in Managing Operating Costs and Mitigating Operational Risks Innovative Reliable Efficient Well Cost Drilling Performance 100% Operating Days Casing 1 29 57 85 0 80% Well Depth (Thousands of feet) 4…
  4. UBS 2015 GLOBAL OIL & GAS CONFERENCE – Parker Drilling Co. – slide 4
    Track Record of Growth Rental Tools Drilling GOM Offshore Barge Drilling O&M Revenues (millions) 80 Acquired Rig 30B Awarded 2-rig extended- Reactivated Rig 55B reach drilling contract in CAGR = 24% 60 Abu Dhabi Awarded Berkut…
  5. UBS 2015 GLOBAL OIL & GAS CONFERENCE – Parker Drilling Co. – slide 5
    Strong Customer Group 2014 Revenues by Customer Type Key Customers Major International E&P Companies 50% 40% Independents & Regionals 10% Integrated Service Providers 6
  6. UBS 2015 GLOBAL OIL & GAS CONFERENCE – Parker Drilling Co. – slide 6
    Premier Supplier of Rental Tools and Drilling Services Revenues by Business1 Revenues by Geography1 36% Rental Tools 44% United States 64% Drilling 56% International 1 Prior four quarters to 1Q15 7
  7. UBS 2015 GLOBAL OIL & GAS CONFERENCE – Parker Drilling Co. – slide 7
    Rental Tools Product Offering Offerings Surface & Tubular Well Construction Well Intervention 63% 100% 30% 0% 6% 0% Tubular Rental Tubular Running Fishing Services Services BOP/Pressure control Re-Entry (Whipstocks) BHA…
  8. UBS 2015 GLOBAL OIL & GAS CONFERENCE – Parker Drilling Co. – slide 8
    U.S. Rental Tools Nine Locations Serving Key Drilling Markets Williston, ND Williston Basin (2007) Evanston, WY Uinta Basin (2002) Morgantown, WV Marcellus & Utica Shales (2008) Enid, OK Mid-Continent (2013) U.S. GOM…
  9. UBS 2015 GLOBAL OIL & GAS CONFERENCE – Parker Drilling Co. – slide 9
    U.S. Rental Tools Utilization 1 & Yield 2 GOM Offshore Revenue Utilization Index Yield (millions) 120 120% 70 60 CAGR = 24% 100 100% 50 80 80% 40 60 60% 30 40 40% 20 20 20% 10 0 0% 0 2010 2011 2012 2013…
  10. UBS 2015 GLOBAL OIL & GAS CONFERENCE – Parker Drilling Co. – slide 10
    International Rental Tools 2014 Revenues by Geography Gross Margin Trend 50% UK / Asia - Europe Pacific 40% 20% 18% 30% Latin 13% 20% America 10% 49% Middle East / Africa 0% 3Q'13 4Q'13 1Q'14 2Q'14 3Q'14 4Q'14 1Q'15…
  11. UBS 2015 GLOBAL OIL & GAS CONFERENCE – Parker Drilling Co. – slide 11
    Drilling Services Revenues by Geography Total Contracted Backlog 4 millions Asia-Pacific2 United States 29% 42% 190 175 18% 130 Caspian Middle East 11% Latin America Revenues by Service Type 1,3 O&M Apr - Dec 2016…
  12. UBS 2015 GLOBAL OIL & GAS CONFERENCE – Parker Drilling Co. – slide 12
    U.S. (Lower 48) Drilling GOM Barge: Dayrate & Utilization Revenues by Service Type 1, 2 Avg. Dayrate Utilization % O&M + Project 50,000 100% Services 12% 40,000 80% 30,000 60% 20,000 40% 88% 10,000 20% Parker-owned…
  13. UBS 2015 GLOBAL OIL & GAS CONFERENCE – Parker Drilling Co. – slide 13
    International & Alaska Drilling Core Markets 2 Note: Updating to pacific centric perspective map Sakhalin Russia 1 Caspian Sea 5 3 Middle East 1 3 1 2 6 Latin 3 America 2 1 Rig Fleet Utilization 100% 72% 70% 2…
  14. UBS 2015 GLOBAL OIL & GAS CONFERENCE – Parker Drilling Co. – slide 14
    Current Business Focus Lower cost base Sustain utilization Manage cash and liquidity Preserve ability to respond to opportunities 15
  15. UBS 2015 GLOBAL OIL & GAS CONFERENCE – Parker Drilling Co. – slide 15
    Debt & Liquidity Financial Position (03/31/15) Debt-to-Total Capital1 301MM in Liquidity 50.8% 113MM cash 188MM Revolver (after L/Cs) 48.0% 47.0% 46.7% Debt maturity schedule 225MM 7-1/2% Sr. Unsecured Notes due 2020 44.8% 360MM…
  16. UBS 2015 GLOBAL OIL & GAS CONFERENCE – Parker Drilling Co. – slide 16
    Cash Flow and Capital Spending ( millions) 250 226 235 200 200 190 161 150 58 45 102 104 47 100 102 77 95 62 62 50 26 25 32 26 28 0 2011 2012 2013 2014 1Q'15 LTM Rig Up-Keep Rental Tools Major Projects Operating…
  17. UBS 2015 GLOBAL OIL & GAS CONFERENCE – Parker Drilling Co. – slide 17

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