Presentation for the Barclays CEO Energy-Power Conference September 3, 2014
Company Overview Pure-play oilfield services company o Creating long-term shareholder value through strategic growth and returns on invested capital Two business segments o Offshore Products o Well Site Services Two primary…
Oil States Today Consists of Offshore Products and Well Site Services Focused on delivering technology and solutions to the growing deepwater capital equipment and North American shale play markets Pure play energy services company…
Update on Strategic Focus Areas and Outlook Offshore Products segment o Strong backlog level at June 30, 2014 (599 million) o Market demand favors our proprietary products for deepwater production platforms (FPSOs and TLPs) and…
Offshore Products Segment
Driven by Worldwide Deepwater Capital Spending Floating Production Facilities (FPSOs, TLPs and Spars) o Steel catenary riser connectors and receptacles o TLP tendon connectors o Riser tensioning equipment o Welding technology,…
Global Breadth of Operations Arlington, TX USA Bathgate, Scotland Lampasas, TX USA Barrow, England Houston, TX USA OKC, OK USA Baku, Azerbaijan Tulsa, OK USA Livingston, Scotland Marseille, France Houma, LA USA Houston, TX USA Las…
Potential Content Opportunities Floating Production System (FPS) spending for 2014 to 2018 forecasted to grow at an 8.6% CAGR to 79 billion Latin America and West Africa will account for nearly 50% of regional spend followed by…
FPSO and Subsea Tieback Content Steel Catenary Riser (SCR) Free Standing Hybrid Riser (FSHR) Deck Equipment Subsea FlexJoints Upper Riser Assembly Cranes Spread Mooring Systems Receptacles Bend Stiffeners Mooring Winches…
Offshore Products Select Major Backlog Awards (3Q 10 2Q 14) Customer/ Project Market Product Line Products Technip Australia SCR/TLP/Other Products Merlin Joints Undisclosed Pipeline Project Brazil Pipeline Products PLETS, Connectors,…
Well Site Services
Well Site Services Drilling Completion Services Wireline/ Frac/Pressure Well Drilling Coiled Tubing Pumping Flowback Testing Support Support Own and operate 34 Wireline, coiled tubing and gravel pack support Well testing and land…
Broad North American Coverage In addition, operating in over 25 other countries worldwide Canada Calgary, Grande Prairie Medicine Hat, Red Deer Rockies Williston, Dickinson, Casper, Rock Springs, Vernal, Berthoud, Kent…
Complex Completions Driving U.S. Spending and Activity Complex shale well completions, drilling rig efficiency and pad drilling are decoupling U.S. rig count from completion activity With our market presence in all major U.S. shale…
Completion Services Margin Performance With a broad market presence across all major U.S. shale plays coupled with a focus on high-end proprietary technology, our completion services business is performing well compared to other North…
Robust U.S. Drilling and Completions Outlook While the number of new wells expected to be drilled between 2013 and 2015 are projected to increase by 3% over the two year period, the number of non-vertical new wells are projected to…
Conclusions
Key Drivers of Profitability Offshore Products o Strong backlog levels at June 30, 2014 (599 million) o Robust outlook for deepwater capital equipment bookings o Continued focus on international expansion o Bolt-on acquisition, QCS,…
Oil States Post-Spin Transforming into a technology-focused, pure-play oil services company o Offshore Products: deepwater capital equipment o Well Site Services: complex shale play development Strong growth potential with continued…
Appendix
Strong Financial Position (USD in millions, except percentages and ratios) 6/30/2014 Actual Working Capital 596.0 Current Debt 0.5 Bank Credit Facilities/ Term Loans 181.9 Other Debt 6.4 Total Debt 188.9 Shareholders' Equity…
Non-GAAP Reconciliation EBITDA is not a measure of financial performance calculated in accordance with GAAP. The GAAP financial measure that is most directly comparable to EBITDA is operating income. EBITDA represents net income…
Non-GAAP Reconciliation Non-GAAP Reconciliation (US dollars in millions) For the Three Months Ending, LTM 9/30/13 12/31/13 3/31/14 6/30/14 6/30/14 Oil States International, Inc. Net Income 39 42 35 (24) 92 Income Tax Provision 8…
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