2013 Barclays CEO Energy-Power Conference UBH New York, New York September 12th, 2013
Precision Drilling Corporation Overview High Performance, High Value Service Provider Excellent People Tier 1 Assets Industry Leading Systems Utilize Scale and Leverage Size Land Drilling Focus Comprehensive North American…
North American Transition to Oil Drilling 2,000 1,800 1,600 U.S. Active Land Rig Count 1,400 1,200 1,000 800 600 400 200 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Source: BHI Oil…
Canada / US Active Land Rig Count Targeting Oil 1,800 160 1,600 140 1,400 120 Land Based Rigs Targeting Oil 1,200 100 WTI (US/bbl) 1,000 80 800 60 600 40 400 200 20 0 0 2000 2001 2002 2003 2004 2005 2006…
Canadian Market Fundamentals Canadian Active Land Rig Count 800 Unconventional oil-driven 700 Canadian Active Land Rig Count 600 Strong demand for Tier 1 assets 500 Long-term NOC and IOC capital 400 300 Positive…
Precision Horizontal Drilling Leadership 90% Percentage of Rigs Drilling Directional / Horizontal 80% 70% 60% 50% 40% 2009 2010 2011 2012 2013 US Industry Active Land Rigs (includes PD) PD US Active Land Rigs Source:…
Positioned In Most Active North American Regions Representative of areas where Precision has had operations within the past two years
High Performance People Drilling Rigs (US & Canada) Average TTM Retention experience (June 2013) (years) Superintendent 16 yrs 98% Rig Manager 14 yrs 96% Driller 7 yrs 92% For 2012, 269 Precision Processed 54,000…
(1) (2) High Performance Rig Fleet Rig Tier Total Super Series 201 Tier 2 (High Performance) 106 PSST 24 Total 331 (1) Includes 5 new builds that are yet to be delivered (3 North America and 2 International). (2) Following…
Precisions Tier 1 Super Series Fleet Super Triple 1500 Super Triple 1200 Super Single High Performance Horizontal Drilling Machines Rapid mobility Smart design Automation & safety features Walking/skidding systems Small…
ST-1500 in Bakken - 12 -
Growth in Tier 1 Super Series Fleet Precisions Tier 1 Drilling Rigs 220 201 Almost 90 new build Super 200 Series and upgraded rigs 188 contracted and delivered 180 Approximately half of new build deliveries to U.S. 160 market…
Scale Effects Industry Leading Systems Precision Systems Results Human Capital Scalability Responsiveness Operations Consistency Customer Focus Repeatability - 14 -
Scale Effects - Vertical Integration Manufacturing & Repair Nisku, AB Red Deer, AB Calgary , AB Houston, TX Weatherford, TX Eunice, LA Williston, ND Margin and Quality Enhancement Distribution & Supply Columbia Supply…
Cold Weather Expertise - 16 -
Completion & Production Largest well service provider in Canada High Value rentals, camps and catering Growing coil tubing line Expansion into U.S. markets - 17 -
International Drilling Mexico 8 drilling rigs Saudi Arabia 3 drilling rigs Kurdistan 2 drilling rigs Kuwait 2 new build drilling rigs - 18 -
Precision Directional Services Canada and U.S. Capacity of over 90 concurrent jobs Integrated service - 19 -
Balance Sheet Flexibility (1) Attractive Capital Structure Available Liquidity at 6/30/13 Debt to total capital: 36% Interest coverage: 7.0x Available liquidity: 977 million 977 850 Long maturity, low cost debt First principal…
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