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ENERCOMS THE OIL & GAS CONFERENCE – Parker Drilling Co.

Parker Drilling Co. · Aug 17, 2011 · 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. ENERCOMS THE OIL & GAS CONFERENCE – Parker Drilling Co. – slide 1
    EnerCom Conference W. Kirk Brassfield Senior Vice President & CFO August 17, 2011
  2. ENERCOMS THE OIL & GAS CONFERENCE – Parker Drilling Co. – slide 2
    Agenda Company Overview Business Strategy Operations Review Financial Performance Business Outlook 3
  3. ENERCOMS THE OIL & GAS CONFERENCE – Parker Drilling Co. – slide 3
    What makes PARKER DRILLING unique Strategy Achieve and maintain leadership Exercise financial discipline and in select markets maintain a strong balance sheet Grow through selective Differentiate Parker Drilling investments with…
  4. ENERCOMS THE OIL & GAS CONFERENCE – Parker Drilling Co. – slide 4
    Business Segments International Drilling Project Management & U.S. Barge Drilling Rental Tools Engineering Services 29 Rigs 13 Rigs 7 U.S. Locations 4 Regions Rig Design and Gulf of Mexico Tubulars: drill pipe, drill CIS/AME…
  5. ENERCOMS THE OIL & GAS CONFERENCE – Parker Drilling Co. – slide 5
    Business Segments Annualized Revenues 1 Revenues 2007 2011 1 100% 80% Project Management & Engineering Services2 60% International 23% 40% Drilling 20% 0% 2007 2008 2009 2010 2Q'11 Gross Margin 2007 2011 1 31% 34%…
  6. ENERCOMS THE OIL & GAS CONFERENCE – Parker Drilling Co. – slide 6
    Diverse Revenue Sources Revenue 1 by Geography Revenue 2 by Customer Type United States Major Intl Oil Independents Companies & Regionals Latin 47% America 19% 18% 49% 13% Natl Oil 5% Companies 30% 19% Asia Pacific…
  7. ENERCOMS THE OIL & GAS CONFERENCE – Parker Drilling Co. – slide 7
    Business Strategy 8
  8. ENERCOMS THE OIL & GAS CONFERENCE – Parker Drilling Co. – slide 8
    Focused Business Strategy Strategy Achieve and maintain market leadership Fleet of premium rigs Grow through selective uniquely positioned in markets with long investments term growth prospects Exercise financial discipline…
  9. ENERCOMS THE OIL & GAS CONFERENCE – Parker Drilling Co. – slide 9
    Safety, Training, Technology & Performance 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…
  10. ENERCOMS THE OIL & GAS CONFERENCE – Parker Drilling Co. – slide 10
    International Presence 2 Drilling Rigs Alaska 13 Barge Drilling Rigs United States 7 5 Rental Tool Drilling Rigs Locations Asia Pacific 2 O&M Contracts 10 11 Drilling Rigs Drilling Rigs Latin America CIS/AME 1 O&M…
  11. ENERCOMS THE OIL & GAS CONFERENCE – Parker Drilling Co. – slide 11
    Operations Review 12
  12. ENERCOMS THE OIL & GAS CONFERENCE – Parker Drilling Co. – slide 12
    International Drilling Unique Operating Strengths Operating Results Leading drilling contractor with premium 375 75% quality fleet for demanding applications 300 60% Positioned in key, select markets 225 45% Term contracts provide…
  13. ENERCOMS THE OIL & GAS CONFERENCE – Parker Drilling Co. – slide 13
    Project Management Unique Operating Strengths Operating Results Leading partner in high-profile, 125 75% challenging projects 100 60% Technology conduit for other Parker 75 45% Drilling operations 50 30% Growth vehicle with no…
  14. ENERCOMS THE OIL & GAS CONFERENCE – Parker Drilling Co. – slide 14
    U.S. Barge Drilling Unique Operating Strengths Operating Results Leading position in consolidated Gulf of 250 75.0% Mexico barge drilling market 200 60.0% Preferred contractor with reputation for 150 45.0% delivering safe,…
  15. ENERCOMS THE OIL & GAS CONFERENCE – Parker Drilling Co. – slide 15
    Rental Tools Unique Operating Strengths Current Market Position Leading supplier in growing shale plays 2008 2009 and expanding in deep offshore markets Williston, ND Bakken shale Pennsylvania Marcellus shale Focused product…
  16. ENERCOMS THE OIL & GAS CONFERENCE – Parker Drilling Co. – slide 16
    Financial Results - picture
  17. ENERCOMS THE OIL & GAS 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% 41.0% Convertible Sr. Notes…
  18. ENERCOMS THE OIL & GAS CONFERENCE – Parker Drilling Co. – slide 18
    Financial Performance Financial Position Operating Results Operations are in good financial 1,000 75% conditions 800 60% Profitability was sustained during recent 600 45% downturn 400 30% Continued to fund investments in rig 200…
  19. ENERCOMS THE OIL & GAS CONFERENCE – Parker Drilling Co. – slide 19
    Summary 20
  20. ENERCOMS THE OIL & GAS CONFERENCE – Parker Drilling Co. – slide 20
    Structured for Success Leading Worldwide Contract Driller Preferred provider of services and equipment Operate premium assets offering safe, efficient performance Focused Business Strategy Attain and grow leadership position in…
  21. ENERCOMS THE OIL & GAS CONFERENCE – Parker Drilling Co. – slide 21
    Appendix 22
  22. ENERCOMS THE OIL & GAS CONFERENCE – Parker Drilling Co. – slide 22
    Parker History 1934: Parker Drilling founded in Oklahoma 1945: Company enters the international drilling market with first rigs working in Venezuela and Canada 1969: Parker begins 31-year tenure in Alaska 1975: Company listed on…
  23. ENERCOMS THE OIL & GAS CONFERENCE – Parker Drilling Co. – slide 23
    Parker Technology 1967: Parker patents Heli-Hoist rig design, opening new international and arctic frontiers 1972: Company sets drilling depth record 28,500ft at Ralph Lowe Estate, TX 1978: Parker pioneers arctic drilling…
  24. ENERCOMS THE OIL & GAS CONFERENCE – Parker Drilling Co. – slide 24

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