Position within Evolving Oilfield Services Market Primarily U.S., LandBased, Serving Large Independents in the Drilling and Completion Markets Several of RPCs Largest Service Lines serve the Predominantly Unconventional Completion…
Position within Evolving Oilfield Services Market (cont.) Focused on Return on Invested Capital Standard of Measurement for Strategic Decisions Conservative Capital Structure Consistently Lower Leverage than Peer Average Continuity of…
RPCs Evolution Throughout the Oilfield Cycles Pre 1973 1970s 1984 1980s 1990s Patterson Services founded as a Cudd Pressure Control founded. RPC purchased Chaparral Boats in rental tool, mud service, and Cudd acquired by Rollins.…
RPCs Domestic Facilities Corporate Bakken Shale CUDD Pressure Control Patterson ThruTubing Solutions Well Control Marcellus Shale Utica Shale Significant Markets for Woodford RPC, Inc. Fayetteville West Texas (Permian)…
Top Service Lines Service Line Revenue as a Percentage of Consolidated Revenues 12 Months Ended December 31, 2013 Pressure Pumping T hru T ubing Solutions 55% (Downhole T ools) Coiled T ubing 16% Rental T ools Snubbing -…
Pressure Pumping Wellmaintained, high quality fleet concentrated in serviceintensive oilfield basins Demonstrated ability to operate efficiently and effectively. Positioned to benefit from increasing activity levels. 8 in US…
RPCs Pressure Pumping Fleet Distribution Mirrors Current New Wells Drilled and Presence in ServiceIntensive Shale Plays 60% 50% RPC Pressure Pumping Distribution 40% Well Count, Q1 2014 * 30% 20% 10% 0% Permian…
ThruTubing Solutions ThruTubing Solutions (Downhole tools and motors) provides services used in unconventional completion operations Specializes in accomplishing multi stage completions in unconventional wells. Significant…
Coiled Tubing 53 units used to enter new and existing wells to perform a variety of services Growing utilization with unconventional plays and larger diameter coiled tubing strings Q4 2013 acquisition enters a new geographic…
Patterson Rental Tools Rents a variety of tools and products required during drilling or reentering a well 4% of 2013 RPC revenues 2% market share Currently Leveraged to Liquids and Oil Related Plays in Bakken and Eagle Ford…
Other Workover Services Nitrogen Used in a variety of oilfield applications and several nonoilfield industrial uses 81 nitrogen units, 4% of 2013 revenues Snubbing / Hydraulic Workover Allows workover work to be performed on live…
First Quarter 2014 Financial Highlights ( millions) Revenues: 501.7; Operating Profit: 65.2; Net Income 39.4; EBITDA: 120.8 Q1 2014 Compared to Q1 2013 17.8% Revenue increased due to higher activity in largest service lines 14.0%…
RPC Second Quarter 2014 Update Service Overcapacity, Spot Market Pricing Remain Competitive Completion Service Intensity Continues to Grow: Greater Rig Efficiency, More Frac Stages, More Proppant per Stage 105.0 U.S. Land Rig Count…
Debt to Total Book Capital 35% 30% Debt as a percentage of total capital 25% 20% 15% 10% 5% 0% 07 07 08 09 10 10 11 12 13 13 1 4 3 2 1 4 3 2 1 4 Q Q Q Q Q Q Q Q Q Q RPC continues to be conservatively capitalized. 16
Historical Dividends RPC, Inc. Dividends Per Share through 2014 (* Excludes 4th Quarter 2012 Special Dividend of 0.20 per share) Quarterly Dividend ( per share) 23% Compounded Dividend Growth Rate over the past 16 years Average…
Sources and Uses of Cash Since the end of 2005, RPC has distributed 493 million to its shareholders in the form of dividends and stock repurchases. 18
Contact Us Corporate Headquarters: RPC, Inc. 2801 Buford Highway, Suite 520 Atlanta, GA 30329 Phone: 4043212140 Fax: 4043215483 Email: irdeptrpc.net Investor website: www.rpc.net Above: Operational Headquarters, The…
Appendix A EBITDA Reconciliation (000s) Periods ended March 31, (Unaudited) First Quarter % BETTER 2014 2013 (WORSE) Reconciliation of Net Income to EBITDA Net Income 39,388 35,076 12.3 % Add: Income tax provision 25,591 22,363…
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