Company Overview Pure-play oilfield services company o Strong revenues and EBITDA growth o Creating long-term shareholder value through strategic growth and returns on invested capital Two business segments o Offshore Products o…
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 September 30, 2014 (543 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 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…
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 global spending 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 (Jan 13 Sept 14) Major backlog awards over the past 21 months that are over 10 million Customer/ Project Market Product Line Products Technip Australia SCR/TLP/Other Products Merlin…
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 = OSES Location Region Locations Northeast 5 Mid-Con 8 TexLa 8 S. Texas, Permian 11 Gulf Coast 7 Rockies 6 Manufacturing 3 Corporate 2 Total 50 17
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 10% over the two year period, the number of non- vertical new wells are projected to…
Robust U.S. Drilling and Completions Outlook Footage drilled is estimated to increase 22% over the next two years (2015E compared to 2013A) driven predominantly by growth in horizontal drilling Increased number of frac stage counts…
Conclusions
Key Drivers of Profitability Offshore Products o Strong backlog levels at September 30, 2014 (543 million) o Robust outlook for future deepwater capital equipment bookings o Continued focus on international expansion o Bolt-on…
Oil States Post Spin-Off of Civeo 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 growth potential…
Appendix
Strong Financial Position (USD in millions, except percentages and ratios) 26
Non-GAAP Reconciliation USD in millions For the Three Months Ending, LTM 12/31/13 3/31/14 6/30/14 9/30/14 9/30/14 Oil States International, Inc. Net Income (Loss) 45 35 (24) 58 114 Income Tax Provision (Benefit) 14 18 (14) 32 51…
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