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DECEMBER 2013 BUSINESS REVIEW – Parker Drilling Co.

Parker Drilling Co. · Dec 11, 2013 · 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. DECEMBER 2013 BUSINESS REVIEW – Parker Drilling Co. – slide 1
    Business Review December 11, 2013
  2. DECEMBER 2013 BUSINESS REVIEW – Parker Drilling Co. – slide 2
    Business Focus Be the premier supplier of drilling Deliver Reliable tools, well services and contract Results drilling services to the U.S. and international markets, delivering Improve Profitability performance in routine to extreme…
  3. DECEMBER 2013 BUSINESS REVIEW – Parker Drilling Co. – slide 3
    Business Segments U.S. Barge International Technical Rental Tools U.S. Drilling Drilling Drilling Services 4
  4. DECEMBER 2013 BUSINESS REVIEW – Parker Drilling Co. – slide 4
    Balanced Business Mix: Drilling vs. Rental Tools 2012 Revenue by Line of Business 1 2012 Gross Margin by Line of Business 1,2 62% 37% 46% 20% Rental Tools International Rental Tools Drilling International Drilling 15% 18%…
  5. DECEMBER 2013 BUSINESS REVIEW – Parker Drilling Co. – slide 5
    Revenue Diversity 2012 Revenue by Geography 1 2012 Revenue by Customer Type 2 50% 45% United States Independents & Regionals 27% 31% Major Intl E&P Eastern Companies Hemisphere 16% Latin America 11% National E&P 17%…
  6. DECEMBER 2013 BUSINESS REVIEW – Parker Drilling Co. – slide 6
    Operating Locations 14 Drilling Rigs 1 3 Rental Tools Locations United Alaska 2 land England GOM 12 barge States Netherlands Scotland U.K./Europe 8 Rental Tools Locations New Iberia, LA Williston, ND Victoria, TX Morgantown, WV…
  7. DECEMBER 2013 BUSINESS REVIEW – Parker Drilling Co. – slide 7
    Rental Tools Overview Unique Operating Strengths A leading supplier in U.S. land, U.S. offshore and international markets Strong growth in up cycles, resilient operating margins in down cycles ITS acquisition provides international…
  8. DECEMBER 2013 BUSINESS REVIEW – Parker Drilling Co. – slide 8
    U.S. Barge Drilling Overview Unique Operating Strengths Largest marketed drilling barge fleet in the Gulf of Mexico Preferred contractor with reputation for delivering safe, efficient performance with high quality rigs 129 million…
  9. DECEMBER 2013 BUSINESS REVIEW – Parker Drilling Co. – slide 9
    Barge Dayrates Continue to Improve PKD Barge PKD Barge Avg. Dayrate Utilization % 50,000 100% 45,000 90% 40,000 80% 35,000 70% 30,000 60% 25,000 50% 20,000 40% 15,000 30% 10,000 20% 5,000 10% 0 0% 1Q 2Q 3Q 4Q 1Q…
  10. DECEMBER 2013 BUSINESS REVIEW – Parker Drilling Co. – slide 10
    U.S. Drilling Overview New Design Land Rigs for Arctic Drilling Safety-engineered, innovative equipment package Highly-automated drilling system Zero-discharge capabilities Fully-enclosed, modular mobile units Both rigs currently…
  11. DECEMBER 2013 BUSINESS REVIEW – Parker Drilling Co. – slide 11
    International Drilling Overview Unique Operating Strengths Premium quality, higher h.p. fleet with trained, experienced rig operators and management personnel for demanding applications O&M contracts employing Parker expertise and…
  12. DECEMBER 2013 BUSINESS REVIEW – Parker Drilling Co. – slide 12
    Technical Services Overview Unique Operating Strengths Experience-based development of innovative solutions to challenging drilling programs Long-term partnerships often lead to O&M contracts Technology conduit for other Parker…
  13. DECEMBER 2013 BUSINESS REVIEW – Parker Drilling Co. – slide 13
    Historical Performance Revenue by Segment 1 Adjusted EBITDA 1 237 0 19 218 10 0 28 14 187 91 304 158 35% 36 292 32% 318 50 295 1 24% 24% 132 124 94 65 284 237 247 173 2010 2011 2012 LTM 3Q'13 2010 2011 2012…
  14. DECEMBER 2013 BUSINESS REVIEW – Parker Drilling Co. – slide 14
    Historical Performance Capital Spending 1 Cash Flow 1 (millions) (millions) 250 250 226 219 200 190 192 200 190 150 146 150 137 124 125 115 112 113 100 100 50 50 0 0 2010 2011 2012 LTM 3Q'13 2010 2011 2012…
  15. DECEMBER 2013 BUSINESS REVIEW – Parker Drilling Co. – slide 15
    Financial Position Debt & Liquidity (9/30/13) Debt-to-Total Capital 285MM in Liquidity 1 51.3% Debt maturity schedule 425MM 9-1/8% Sr. Unsecured Notes due 2018 47.0% 225MM 7-1/2% Sr. Unsecured Notes due 2020 44.8% 44.6% Debt…
  16. DECEMBER 2013 BUSINESS REVIEW – Parker Drilling Co. – slide 16
    Appendix 17
  17. DECEMBER 2013 BUSINESS REVIEW – Parker Drilling Co. – slide 17
    18

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