Investor Presentation Clint Walker Executive Vice President and General Manager Cudd Energy Services, Inc. Jim Landers Vice President of Corporate Finance RPC, Inc.
Corporate Profile Headquarters in Atlanta, GA NYSE: RES. Publiclytraded since 1984 Recent Share Price (June 20, 2013) 13.40 Annual Dividend Yield 3.0% Average Daily Volume (YTD 2013) 864,000 Large Insider Ownership Management…
Position within Evolving Oilfield Services Market Primarily U.S., LandBased, Serving Large Independents in the Drilling and Completion Markets Leveraged to Unconventional Drilling and Completion Several of RPCs Largest Service…
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 1986. rental tool, mud service, and Cudd acquired by…
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…
Domestic Regions Served Oil & Natural Gas Regions Served by RPC Significant Markets for RPC West Texas (Permian) South Texas (Eagle Ford) Oklahoma Corporate Headquarters Pennsylvania (Marcellus) East Texas (Haynesville)…
Top Service Lines Service Line Revenue as a Percentage of Consolidated Revenues Year-Ended December 31, 2012 Pressure Pumping T hru T ubing Solutions 53% (Downhole T ools) 14% Coiled T ubing Rental T ools 11% Snubbing -…
Pressure Pumping Provides hydraulic fracturing and acid treatment services to initiate production in new wells or enhance production from existing wells (stimulation services) 8 in US Land Market 4% US Market Share 683,000…
RPCs Growth in Pressure Pumping Capacity Mirrors Market Growth in ServiceIntensive Shale Plays RPC Pressure Pumping Distribution - 1st Quarter 2013 3% 3% Permian Eagle Ford 13% Haynesville / East Texas 40% Arkoma / Anadarko…
Pressure Pumping Growth 2000 to Present From inception in early 2000, RPCs Pressure Pumping service line has grown due to: Acquisitions Capital expenditures Increased service intensity of unconventional completions
Coiled Tubing 51 units used to enter new and existing wells to perform a variety of services Growing utilization with unconventional plays and largerdiameter coiled tubing strings 7 U.S. competitor with 5% market share 11%…
ThruTubing Solutions ThruTubing Solutions (Downhole Tools) is dedicated to the coiled tubing and snubbing industry Specializes in working downhole tools under pressure Significant YTD revenue growth compared to 2011 14% of…
Patterson Rental Tools Rents a variety of tools and products required during drilling or reentering a well 5% of 2012 RPC revenues 2% market share Currently Leveraged to Liquids and OilRelated Plays in Bakken and Eagle Ford
Nitrogen Nitrogen is used for a variety of oilfield applications with coiled tubing, hydraulic workover and pressure pumping 74 nitrogen units used for well stimulation and remediation activities, and nonoilfield uses Growth due…
Snubbing Hydraulic Workover 45 snubbing units hydraulic workover rigs used to perform well workovers while maintaining pressure of the well 4% of 2012 RPC revenues
Well Control Worldwide provider of blowout and firefighting services, including pre and post event services Provides rig inspections, drilling plan reviews and emergency response plans
INCOME STATEMENT HIGHLIGHTS For the First Quarter 2013 RPC INCORPORATED AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands except per share data) Periods ended March 31, (Unaudited) First Quarter % BETTER 2013…
Financial Results Highlights First Quarter 2013 Financial Results Q1 2013 Compared to Q1 2012 15.3% Revenue Decrease 56.6% Net Income Decrease - Diluted EPS 56.8% Decrease 56.3% Operating Profit Decrease 39.7% EBITDA Decrease Q1…
Debt to Total Book Capital 35% 30% Debt as a percentage of total capital 25% 20% 15% 10% 5% 0% 07 07 07 07 08 08 08 08 09 09 09 09 10 10 10 10 11 11 11 11 12 12 12 12 13 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4…
Historical Dividends RPC, Inc. Dividends Per Share (* Excludes 4th Quarter 2012 Special Dividend of 0.20 per share) 0.12 70.0% 60.0% Quarterly Dividend ( per share) 0.10 Dividend Payout Ratio 50.0% 0.08 40.0% 0.06…
Sources and Uses of Capital RPC, Inc. Consolidated Cash Flows, 12/31/05 - 3/31/13 ( 000's) Cash, 12/31/05 12,809 Operating Cash Flow 1,810,067 Capital Expenditures, Net (1,540,095) Borrowings on Credit Facility, Net 87,600…
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 Pictured above: Operational Headquarters,…
Appendix A EBITDA Reconciliation (000s) Periods ended March 31, (Unaudited) First Quarter % BETTER 2013 2012 (WORSE) Reconciliation of Net Income to EBITDA Net Income 35,076 80,755 (56.6) % Add: Income tax provision 22,363…
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