Position within Evolving Oilfield Services Market U.S., Primarily LandBased, Serving Large Independents in the Drilling and Completion Markets Largest Service Lines serve the Unconventional Completion Markets Focused on Return on…
RPCs Evolution Throughout the Oilfield Cycles Inception 1973 1970s 1984 1980s 1990s Patterson Services founded in Cudd Pressure Control founded RPC purchased Chaparral Boats in Louisiana after World War II. and acquired by Rollins.…
RPCs Domestic Facilities Corporate Bakken Shale CUDD Pressure Control Patterson ThruTubing Solutions Well Control Marcellus Shale Utica Shale Significant Markets for RPC, Inc. West Texas (Permian) Woodford South Texas…
Top Service Lines Service Line Revenue as a Percentage of Consolidated Revenues 12 Months Ended December 31, 2014 Pressure Pumping 57% T hru T ubing Solutions (Downhole T ools) Coiled T ubing 15% Rental T ools Nitrogen 9%…
Pressure Pumping Well-maintained, high quality fleet concentrated in service-intensive oilfield basins Demonstrated ability to operate efficiently and effectively positioned to benefit from increasing activity levels 8 in US Land…
RPCs Pressure Pumping Fleet Distribution Mirrors Current U.S. Domestic Rig Count 45% 40% RPC Pressure Pumping Distribution 35% Rig Count, May 2015 * 30% 25% 20% 15% 10% 5% 0% Permian Eagle Ford Haynesville / Arkoma /…
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. Approximately 44 are 2 in diameter. Growing utilization with unconventional plays and larger-diameter coiled tubing strings 4 U.S.…
Patterson Rental Tools Rents a variety of tools and products required during drilling or re- entering a well 4% of 2014 RPC revenues 2% market share Currently Leveraged to Liquids- and Oil- Related Plays in Bakken and Eagle…
Other Workover Services Nitrogen Used in a variety of oilfield applications and several non-oilfield industrial uses 81 nitrogen units, 3% of 2014 revenues Snubbing / Hydraulic Workover Allows workover work to be performed on live…
First Quarter 2015 Financial Highlights ( millions) Revenues: 406.3 Operating Profit: 6.17 Net Income: 7.5 EBITDA: 77.9 Q1 2015 Compared to Q1 2014 Revenue decreased by 19% due to decreased activity levels and pricing in all of our…
RPC First Quarter 2015 Update Rig count decline of 55% from Sep. 2014 through beginning of Jun. 2015 In contrast to lower activity levels, completion service intensity continues to increase U.S. Land Rig Count (Q1 2012 = 100)…
Debt as a percentage of total capital 0% 5% 10% 15% 20% 25% 30% 35% Q1 0 7 Q3 0 7 Q1 0 8 Q3 0 8 Q1 0 9 Q3 0 9 Q1 1 0 Q3 1 Debt to Total Book Capital 0 Q1 1 1 Q3 1 1 Q1 1 2 Q3 1 2 Q1 1 3 Q3 1…
Historical Dividends RPC, Inc. Dividends Per Share through 2Q 2015 (* Excludes 4th Quarter 2012 Special Dividend of 0.20 per share) 0.12 0.10 Quarterly Dividend ( per share) 0.08 0.06 0.04 0.02 Dec2012 *…
Contact Us irdeptrpc.net www.rpc.net Operational Headquarters: The Woodlands, Texas (above) Corporate Headquarters: 2801 Buford Highway NE, Suite 520 Atlanta, GA 30329 (404) 321-2140 19
Appendix A Periods ended, (Unaudited) Three Months Ended March 31, December 31, (in thousands except per share data) March 31, 2014 2015 2014 Reconciliation of Net Income to EBITDA Net Income 7,548 77,637 39,388 Add: Income…