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TPH 2015 HOTTER N HELL CONFERENCE – Oil States International Inc.

Oil States International Inc. · Jun 18, 2015 · 23 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. TPH 2015 HOTTER N HELL CONFERENCE – Oil States International Inc. – slide 1
    Presentation for the TPH 2015 Hotter 'N Hell Conference June 18, 2015
  2. TPH 2015 HOTTER N HELL CONFERENCE – Oil States International Inc. – slide 2
    Company Overview Technology focused, pure-play energy services company o Strong balance sheet position o Creating long-term shareholder value through strategic growth and returns on invested capital Two business segments o…
  3. TPH 2015 HOTTER N HELL CONFERENCE – Oil States International Inc. – slide 3
    Oil States Today Consists of Offshore Products and Well Site Services Focused on delivering technology and solutions to the deepwater capital equipment and North American shale play markets Segment Contributions For Trailing Twelve…
  4. TPH 2015 HOTTER N HELL CONFERENCE – Oil States International Inc. – slide 4
    Strong History of Growth EBITDA (1), (4) (U.S. dollars in millions) 600 500 282 257 400 241 232 300 203 222 222 200 114 175 149 48 100 107 92 72 0 2009 2010 2011 2012 (2) 2013 2014 TTM (3) Offshore…
  5. TPH 2015 HOTTER N HELL CONFERENCE – Oil States International Inc. – slide 5
    Update on Strategic Focus Areas and Outlook Offshore Products segment o Backlog level at March 31, 2015 (474 million) o Market demand favors our proprietary products for production development infrastructure tied to deepwater…
  6. TPH 2015 HOTTER N HELL CONFERENCE – Oil States International Inc. – slide 6
    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,…
  7. TPH 2015 HOTTER N HELL CONFERENCE – Oil States International Inc. – slide 7
    Global Breadth of Operations Aberdeen, Scotland Arlington, TX USA Lampasas, TX USA Bathgate, Scotland Houston, TX USA Barrow, England OKC, OK USA Baku, Azerbaijan Tulsa, OK USA Marseille, France Houma, LA USA Houston, TX USA Vietnam…
  8. TPH 2015 HOTTER N HELL CONFERENCE – Oil States International Inc. – slide 8
    Outlook- Potential Content Opportunities Floating Production System (FPS) spending for 2015 to 2018 forecasted to total 56 billion (down 13% compared to prior June 2014 forecast) as project economics being reassessed due to weaker…
  9. TPH 2015 HOTTER N HELL CONFERENCE – Oil States International Inc. – slide 9
    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…
  10. TPH 2015 HOTTER N HELL CONFERENCE – Oil States International Inc. – slide 10
    Historical Backlog and Bookings Trends (U.S. dollars in millions) 700 1,100 1,000 600 900 500 800 700 Backlog & Bookings 400 600 LTM Revenue 500 300 400 200 300 200 100 100 0 0 1Q'08 1Q'09…
  11. TPH 2015 HOTTER N HELL CONFERENCE – Oil States International Inc. – slide 11
    Offshore Products Select Major Backlog Awards (Jan 13 March 15) Major backlog awards over the past 27 months that are over 10 million: Customer/ Project Market Product Line Products Heerema Angola SCR/TLP/Other Products Receptacles…
  12. TPH 2015 HOTTER N HELL CONFERENCE – Oil States International Inc. – slide 12
    Offshore Products 2015 Outlook Current backlog and exposure to deepwater production infrastructure development projects is expected to mitigate some of the near-term commodity price headwinds as these deepwater projects are generally…
  13. TPH 2015 HOTTER N HELL CONFERENCE – Oil States International Inc. – slide 13
    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…
  14. TPH 2015 HOTTER N HELL CONFERENCE – Oil States International Inc. – slide 14
    Oil States Completion Services Offering Frac Stacks Sand Control Frac Valves Manifolds Isolation Tools Wash Pipe Tool Baskets Ball Catchers Sand Knockout Units Casing Isolation Tools Thru Tubing Handling Equipment Frac Heads BOPs…
  15. TPH 2015 HOTTER N HELL CONFERENCE – Oil States International Inc. – slide 15
    Broad North American Coverage = OSES Location Region Locations Northeast 4 Mid-Con 6 TexLa 5 S. Texas, Permian 10 Gulf Coast 7 Rockies 6 Manufacturing 3 Corporate 1 Total 42 18
  16. TPH 2015 HOTTER N HELL CONFERENCE – Oil States International Inc. – slide 16
    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…
  17. TPH 2015 HOTTER N HELL CONFERENCE – Oil States International Inc. – slide 17
    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…
  18. TPH 2015 HOTTER N HELL CONFERENCE – Oil States International Inc. – slide 18
    U.S. Drilling and Completions Outlook The precipitous drop in oil prices has resulted in dramatically decreased drilling and completions activity in 2015 compared to 2014 Total wells drilled are anticipated to be down 44%…
  19. TPH 2015 HOTTER N HELL CONFERENCE – Oil States International Inc. – slide 19
    U.S. Drilling and Completions Outlook Total footage to be drilled in 2015 is expected to be down 36% year-over-year, while non-vertical footage drilled is estimated to be down 34% year-over-year Service intensity has not diminished in…
  20. TPH 2015 HOTTER N HELL CONFERENCE – Oil States International Inc. – slide 20
    Key Drivers of Profitability Offshore Products o Backlog at March 31, 2015 totaled 474 million o Selective deepwater developments moving forward, but project delays are likely o Continuing with our international manufacturing…
  21. TPH 2015 HOTTER N HELL CONFERENCE – Oil States International Inc. – slide 21
    Oil States Today Transformed into a technology-focused, pure-play oilfield services company o Offshore Products: deepwater capital equipment o Well Site Services: complex shale play development Strong balance sheet position and strong…
  22. TPH 2015 HOTTER N HELL CONFERENCE – Oil States International Inc. – slide 22
    Strong Financial Position (USD in millions, except percentages and ratios) 3/31/2015 Actual Cash 72.0 Net Working Capital 442.3 Current Debt 0.5 Revolving Credit Facility (Matures May 2019) 199.7 Other Debt 6.0 Total Debt…
  23. TPH 2015 HOTTER N HELL CONFERENCE – Oil States International Inc. – slide 23
    Non-GAAP Reconciliation (USD in millions) For The Year Ending December 31, For the Three Months Ending, LTM 2010 2011 2012 2013 2014 6/30/14 9/30/14 12/31/14 3/31/15 3/31/15 Well Site Services Net Income (Loss) 23 80 94 80 93 26 32…

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