Q2 2015 Investor Presentation Published August 17, 2015
Overview of Pason
Company Snapshot HISTORY Established 1978; public since 1996 HEAD OFFICE Calgary, Alberta US OFFICES Denver (CO), Houston (TX), Austin (TX) Argentina, Australia, Bolivia, Brazil, INTERNATIONAL OFFICES Colombia, Ecuador,…
Mission Our mission is to provide technologies, information, and services that improve the effectiveness, efficiency and safety of drilling operations. We do this by: Deploying innovative, simple-to-use, and rig-tough technologies…
Financial Summary *Adjusted for foreign exchange, impairments, earnouts, and litigation provision. 9
Metrics by Business Unit 10
Capital Allocation DIVIDENDS PER SHARE (C) 11
2015 and Beyond
Active Land Rigs 1,000 1,200 1,400 1,600 1,800 2,000 800 Aug Sep Oct Nov Dec Jan Feb Mar '08-'09 Apr May Jun '14-'15 Jul Aug United States Sep Oct Nov Dec Jan Feb Active Land Rigs…
Review of Q2-2015 Financial Results In C 000s Q2 2015 Q2 2014 Change Revenue United States 38,478 71,762 -46% Canada 9,241 19,838 -53% International 9,721 12,251 -21% 57,440 103,851 -45% EBITDA 7,485 45,999 -84% Net income…
Corporate Objectives for 2015 Identify material new sources of revenue and pursue attractive M&A Grow the international business, especially in MENA and LATAM markets Defend market positions (both product penetration of new products…
2015 Product Development Objectives 16
Summary Strong track record of operational and financial performance Outstanding balance sheet and strong cash-generating capability Strong market position and high barriers to entry Access to the majority of land drilling rigs…