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Q2 2015 EARNINGS CALL – Parker Drilling Co.

Parker Drilling Co. · Jan 27, 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. Q2 2015 EARNINGS CALL – Parker Drilling Co. – slide 1
    Parker Hannifin Corporation 2nd Quarter Fiscal Year 2015 Earnings Release January 27, 2015
  2. Q2 2015 EARNINGS CALL – Parker Drilling Co. – slide 2
    Agenda Chairman and CEO Comments Key Performance Measures & Outlook Questions and Answers Chairman Closing Comments 3
  3. Q2 2015 EARNINGS CALL – Parker Drilling Co. – slide 3
    Highlights 2nd Quarter FY2015 Record Second Quarter Sales of 3.1B Record As Reported Earnings per Share of 1.80 Record Adjusted Earnings per Share of 1.84 Organic Growth of 4.2% Orders increased 4% and Positive Across all…
  4. Q2 2015 EARNINGS CALL – Parker Drilling Co. – slide 4
    Leadership Transition Tom Williams Lee Banks, Chief Executive Officer President & Chief Operating Officer 5
  5. Q2 2015 EARNINGS CALL – Parker Drilling Co. – slide 5
    Diluted Earnings Per Share 2nd Quarter FY2015 As Reported EPS Adjusted EPS* 1.84 1.80 1.66 1.30 FY15 Q2 FY14 Q2 FY15 Q2* FY14 Q2** * FY 15 EPS Adjusted for Restructuring Activities * * FY 14 EPS Adjusted for…
  6. Q2 2015 EARNINGS CALL – Parker Drilling Co. – slide 6
    Influences on Adjusted Earnings Per Share 2nd Quarter FY2015 vs. 2nd Quarter FY2014 * FY 15 EPS Adjusted for Restructuring Activities * FY 14 EPS Adjusted for Restructuring Activities, Gain on JV with GE Aviation and Asset Write…
  7. Q2 2015 EARNINGS CALL – Parker Drilling Co. – slide 7
    Sales & Segment Operating Margin Total Parker in millions 2nd Quarter % FY2015 Change FY2014 Sales As Reported 3,135 0.9 % 3,106 Acquisitions 6 0.2 % Currency (108) (3.5)% Organic Sales 3,237 4.2 % % of % of FY2015 Sales…
  8. Q2 2015 EARNINGS CALL – Parker Drilling Co. – slide 8
    Sales & Segment Operating Margin Diversified Industrial North America in millions 2nd Quarter % FY2015 Change FY2014 Sales As Reported 1,389 4.8 % 1,325 Acquisitions 4 0.3 % Currency (10) (0.7)% Organic Sales 1,395 5.2 % % of…
  9. Q2 2015 EARNINGS CALL – Parker Drilling Co. – slide 9
    Sales & Segment Operating Margin Diversified Industrial International in millions 2nd Quarter % FY2015 Change FY2014 Sales As Reported 1,188 (7.0)% 1,277 Acquisitions 2 0.2 % Currency (96) (7.5)% Organic Sales 1,282 0.3 % %…
  10. Q2 2015 EARNINGS CALL – Parker Drilling Co. – slide 10
    Sales & Segment Operating Margin Aerospace Systems in millions 2nd Quarter % FY2015 Change FY2014 Sales As Reported 558 10.8 % 504 Acquisitions - -% Currency (2) (0.4)% Organic Sales 560 11.2 % % of % of FY2015 Sales FY2014…
  11. Q2 2015 EARNINGS CALL – Parker Drilling Co. – slide 11
    Order Rates Dec 2014 Sept 2014 Dec 2013 Sept 2013 Total Parker + 4% + 5% + 5% + 5% Diversified Industrial North America + 4% + 6% + 3% + 3% Diversified Industrial International + 1% + 2% + 6% + 5% Aerospace Systems + 9% + 12 %…
  12. Q2 2015 EARNINGS CALL – Parker Drilling Co. – slide 12
    Cash Flow from Operating Activities FY2015 YTD 615 538 FY15 FY14 FY 2015 % of Sales FY 2014 % of Sales As Reported Cash Flow From Operating Activities 538 8.4% 540 8.5% Discretionary Pension Plan Contribution 75 Adjusted…
  13. Q2 2015 EARNINGS CALL – Parker Drilling Co. – slide 13
    FY2015 Guidance Adjusted EPS Increased to 8.10 Midpoint Adjusted Sales Growth vs. Prior Year Diversified Industrial North America 3% - 6% Diversified Industrial International (8%) - (6%) Aerospace Systems 4% - 5% Total Parker (1% )…
  14. Q2 2015 EARNINGS CALL – Parker Drilling Co. – slide 14
    FY2015 Guidance Reconciliation to Prior Guidance at Midpoint * FY 15 EPS Adjusted for Restructuring Activities 15
  15. Q2 2015 EARNINGS CALL – Parker Drilling Co. – slide 15
    16
  16. Q2 2015 EARNINGS CALL – Parker Drilling Co. – slide 16
    Appendix Consolidated Statement of Income Reconciliation of Net Income & EPS Business Segment Information By Industry Consolidated Balance Sheet Consolidated Statement of Cash Flows Supplemental Sales Information Global Technology…
  17. Q2 2015 EARNINGS CALL – Parker Drilling Co. – slide 17
    Consolidated Statement of Income (Unaudited) Three Months Ended December 31, Six Months Ended December 31, (Dollars in thousands except per share amounts) 2014 2013 2014 2013 Net sales 3,134,993 3,106,006 6,404,925 6,332,150 Cost of…
  18. Q2 2015 EARNINGS CALL – Parker Drilling Co. – slide 18
    Reconciliation of Net Income & EPS (Unaudited) Three Months Ended December 31, Six Months Ended December 31, (Dollars in thousands except per share amounts) 2014 2013 2014 2013 Net incom e 267,335 253,404 547,506 497,724…
  19. Q2 2015 EARNINGS CALL – Parker Drilling Co. – slide 19
    Business Segment Information By Industry (Unaudited) Three Months Ended December 31, Six Months Ended December 31, (Dollars in thousands) 2014 2013 2014 2013 Net sales Diversified Industrial: North America 1,389,207 1,325,402…
  20. Q2 2015 EARNINGS CALL – Parker Drilling Co. – slide 20
    Consolidated Balance Sheet (Unaudited) Decem ber 31, June 30, December 31, (Dollars in thousands) 2014 2014 2013 Assets Current assets: Cash and cash equivalents 1,075,307 1,613,555 2,139,522 Marketable securities and other…
  21. Q2 2015 EARNINGS CALL – Parker Drilling Co. – slide 21
    Consolidated Statement of Cash Flows (Unaudited) Six Months Ended December 31, (Dollars in thousands) 2014 2013 Cash flow s from operating activities: Net income 547,506 497,724 Depreciation and amortization 160,625 170,090 Stock…
  22. Q2 2015 EARNINGS CALL – Parker Drilling Co. – slide 22
    Reconciliation of Forecasted EPS (Unaudited) Fiscal Year (Amounts in dollars) 2015 Forecasted earnings per diluted share 7.70 to 8.10 Adjustments: Restructuring .20 Adjusted forecasted earnings per diluted share 7.90 to 8.30 23
  23. Q2 2015 EARNINGS CALL – Parker Drilling Co. – slide 23
    Supplemental Sales Information Global Technology Platforms (Unaudited) Three Months Ended Dec 31, Six Months Ended Dec 31, (Dollars in thousands) 2014 2013 2014 2013 Net sales Diversified Industrial: Motion Systems 895,661 928,466…

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