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JOHNSON RICE COMPANY ENERGY CONFERENCE – Rpc Inc.

Rpc Inc. · Sep 30, 2013 · 25 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. JOHNSON RICE COMPANY ENERGY CONFERENCE – Rpc Inc. – slide 1
    Investor Overview Johnson Rice 2013 Energy Conference September 30, 2013 Clint Walker Executive Vice President and General Manager, Cudd Energy Services Jim Landers Vice President of Corporate Finance, RPC, Inc.
  2. JOHNSON RICE COMPANY ENERGY CONFERENCE – Rpc Inc. – slide 2
    Corporate Profile Headquarters in Atlanta, GA NYSE: RES. Publiclytraded since 1984 Recent Share Price (September 24, 2013) 15.35 Annual Dividend Yield 2.6% Average Daily Volume (YTD 2013) 703,300 Large Insider Ownership…
  3. JOHNSON RICE COMPANY ENERGY CONFERENCE – Rpc Inc. – slide 3
    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…
  4. JOHNSON RICE COMPANY ENERGY CONFERENCE – Rpc Inc. – slide 4
    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…
  5. JOHNSON RICE COMPANY ENERGY CONFERENCE – Rpc Inc. – slide 5
    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 rental tool, mud service, and Cudd acquired by Rollins.…
  6. JOHNSON RICE COMPANY ENERGY CONFERENCE – Rpc Inc. – slide 6
    RPC Domestic Facilities Corporate Bakken Shale CUDD Pressure Control Patterson ThruTubing Solutions Well Control Marcellus Shale Utica Shale Significant Markets for Woodford RPC, Inc. Fayetteville West Texas (Permian)…
  7. JOHNSON RICE COMPANY ENERGY CONFERENCE – Rpc Inc. – slide 7
    Top Service Lines Service Line Revenue as a Percentage of Consolidated Revenues Year to Date June 30, 2013 P ressure P umping Thru Tubing So lutio ns 53% (Do wnho le To o ls) 16% Co iled Tubing Rental To o ls 10% Snubbing -…
  8. JOHNSON RICE COMPANY ENERGY CONFERENCE – Rpc Inc. – slide 8
    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…
  9. JOHNSON RICE COMPANY ENERGY CONFERENCE – Rpc Inc. – slide 9
    RPCs Pressure Pumping Fleet Distribution Mirrors Current New Wells Drilled and Presence in ServiceIntensive Shale Plays 45% 40% 35% RPC Pressure Pumping Distribution * 30% Well Count, Q2 2013 * * 25% 20% 15% 10% 5%…
  10. JOHNSON RICE COMPANY ENERGY CONFERENCE – Rpc Inc. – slide 10
    Pressure Pumping Growth 2000 to Present 300,000 Quarterly Revenue 800,000 700,000 250,000 Hydraulic Horse Power 600,000 Quarterly Revenue 200,000 500,000 ( 000's) 150,000 400,000 300,000 100,000 200,000…
  11. JOHNSON RICE COMPANY ENERGY CONFERENCE – Rpc Inc. – slide 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 16% of YTD…
  12. JOHNSON RICE COMPANY ENERGY CONFERENCE – Rpc Inc. – slide 12
    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 10%…
  13. JOHNSON RICE COMPANY ENERGY CONFERENCE – Rpc Inc. – slide 13
    Patterson Rental Tools Rents a variety of tools and products required during drilling or reentering a well 5% of 2013 YTD RPC revenues 2% market share Currently Leveraged to Liquids and OilRelated Plays in Bakken and Eagle Ford…
  14. JOHNSON RICE COMPANY ENERGY CONFERENCE – Rpc Inc. – slide 14
    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…
  15. JOHNSON RICE COMPANY ENERGY CONFERENCE – Rpc Inc. – slide 15
    Snubbing Hydraulic Workover 45 snubbing units hydraulic workover rigs used to perform well workovers while maintaining pressure of the well 4% of YTD 2013 RPC revenues 15
  16. JOHNSON RICE COMPANY ENERGY CONFERENCE – Rpc Inc. – slide 16
    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
  17. JOHNSON RICE COMPANY ENERGY CONFERENCE – Rpc Inc. – slide 17
    INCOME STATEMENT HIGHLIGHTS For the Second Quarter 2013 CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands except per share data) Periods ended June 30, (Unaudited) Second Quarter % BETTER 2013 2012 (WORSE) REVENUES 457,566…
  18. JOHNSON RICE COMPANY ENERGY CONFERENCE – Rpc Inc. – slide 18
    Financial Results Highlights Second Quarter 2013 Financial Results Q2 2013 Compared to Q2 2012 8.5% Revenue decrease due to lower pricing and activity 43.4% Operating Profit decrease due to lower revenues, more competitive pricing…
  19. JOHNSON RICE COMPANY ENERGY CONFERENCE – Rpc Inc. – slide 19
    Debt to Total Book Capital 35% 30% Debt as a percentage of total capital 25% 20% 15% 10% 5% 0% 07 07 08 09 10 10 11 12 13 1 4 3 2 1 4 3 2 1 Q Q Q Q Q Q Q Q Q RPC continues to be conservatively capitalized. 19
  20. JOHNSON RICE COMPANY ENERGY CONFERENCE – Rpc Inc. – slide 20
    Historical Dividends RPC, Inc. Dividends Per Share (* Excludes 4th Quarter 2012 Special Dividend of 0.20 per share) Quarterly Dividend ( per share) Dividend Payout Ratio 24% Compounded Dividend Growth Rate over the past 15+…
  21. JOHNSON RICE COMPANY ENERGY CONFERENCE – Rpc Inc. – slide 21
    Return on Invested Capital * 50% 40% 30% 20% 10% 0% 01 02 03 04 05 06 07 08 09 10 11 12 20 20 20 20 20 20 20 20 20 20 20 20 * Calculated using cash flow from operations and…
  22. JOHNSON RICE COMPANY ENERGY CONFERENCE – Rpc Inc. – slide 22
    Sources and Uses of Cash Since the end of 2005, RPC has returned more than 400 million to its shareholders in the form of dividends and stock repurchases. 22
  23. JOHNSON RICE COMPANY ENERGY CONFERENCE – Rpc Inc. – slide 23
    Historical Financial Trends ( 000s) 2,000,000 1,800,000 Revenues 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 700,000 600,000…
  24. JOHNSON RICE COMPANY ENERGY CONFERENCE – Rpc Inc. – slide 24
    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 Above: Operational Headquarters, The…
  25. JOHNSON RICE COMPANY ENERGY CONFERENCE – Rpc Inc. – slide 25
    Appendix A EBITDA Reconciliation (000s) Periods ended June 30, (Unaudited) Second Quarter % BETTER Six Months % BETTER 2013 2012 (WORSE) 2013 2012 (WORSE) Reconciliation of Net Income to EBITDA Net Income 40,416 72,260 (44.1) %…

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