CIBC 16th Annual Whistler Institutional Investor Conference Whistler, British Columbia January 25, 2013
2013 Budget and Corporate Update In early December, Precision provided update for 2013 capital budget, implementation of quarterly dividend, new build rig contracts and exit of the Tier 3 business 2013 capex budget of 485 million…
Precision Drilling Corporation Overview High Performance High Value Service Provider Marketed fleet of 313 rigs in North America and 8 rigs internationally Reputation for excellent equipment and personnel One of the most active…
Canada / US Active Land Rig Count Targeting Oil 1800 160 1600 140 1400 120 Land Based Rigs Targeting Oil 1200 100 WTI (US/bbl) 1000 80 800 60 600 40 400 200 20 0 0 2000 2001 2002 2003 2004 2005 2006 2007…
U.S. Rig Activity 2000 1800 1600 1400 US Active Land Rig Count 1200 1000 800 600 400 200 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Active Gas Rigs Active Oil Rigs Source: BHI -6-
Canadian Rig Activity 800 700 600 CANADA Active Land Rig Count 500 400 300 200 100 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Active Gas Rigs Active Oil Rigs Source: BHI -7-
Canada Rig Activity (5 - Year Seasonal) 800 700 600 Canadian Active Land Rig Count 500 400 300 200 100 0 January February March April May June July August September October NovemberDecember Source: BHI 5 Year…
Superior Value for Customers Customers Need Reduced Risk Lower Well Costs Safety & Environmental Responsiveness & Flexibility Long-Term Partner People Technology Systems Precision Drilling - 10 -
High Performance People Superintendent Rig Manager Driller Drilling Rigs (US & Canada) Average experience (years) 15 14 7 TTM Retention (October 2012) 98% 95% 92% For 2011, 242 Precision drilling rigs and 175 service rigs…
High Performance Rig Fleet (1), (2) Rig Tier Total Super Series 193 Tier 2 (High Performance) 107 PSST 26 Total 326 (1) Includes 5 new builds that are yet to be delivered (3 North America and 2 International). (2)…
Super Single Drilling Rig 1,000 hp 15,000 depth Derrick and Range III drill pipe integrated top drive Automated pipe handling system Substructure, integrated draw works, and BOPs Source: Precision Drilling - 13 -
ST-1500 in Bakken - 14 -
Precision Systems Precision systems help deliver High Performance, High Value to our customers, employees and shareholders. Human Capital Systems Operating Systems Customer Focused Systems - 15 -
Vertically Integrated Operations Manufacturing & Repair Distribution & Supply Nisku, AB Red Deer, AB Picture of Rostel Houston, TX Or Tech Center Picture of Columbia Supply Precision Supply Drilling Site Margin & Quality…
Positioned In Most Active North American Regions
Completion and Production Service Lines Well Servicing Equipment Rentals Camps & Catering Coiled Tubing - 18 -
Precision Directional Services - Growth Canada and U.S. Capacity of 90 concurrent jobs Integrated service - 19 -
International Drilling Services - Growth Mexico 5 drilling rigs Saudi Arabia 3 drilling rigs Kuwait 2 new build rigs to be delivered in 2014 - 20 -
Capital Structure Overview (Canadian in millions) Unaudited 9/30/2012 Cash and Cash Equivalents 227 Revolving Credit Facility - Total Sr. Secured Debt - Senior Unsecured C Notes due 2019 200 Senior Unsecured US Notes due 2020…
Key Takeaways Unconventional drilling will continue to drive growth opportunities Precision is uniquely positioned as the most active unconventional driller in North America 55 contracted new builds announced since January 2011…
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