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Johnson Rice Energy Conference – Parker Drilling Co.

Parker Drilling Co. · Sep 28, 2015 · 16 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 Energy Conference – Parker Drilling Co. – slide 1
    2015 Johnson Rice Energy Conference September 28, 2015
  2. Johnson Rice Energy Conference – Parker Drilling Co. – slide 2
    Strategic Focus Be the premier supplier of rental tools Operational execution and specialized drilling services in select U.S. and international markets Reduce customers operating risks and operating costs Manage downturn and…
  3. Johnson Rice Energy Conference – Parker Drilling Co. – slide 3
    Balanced Profile Relative to Small-Cap Peers Portfolio1 Geography1 Backlog2 438 million at June 30, 2015 Rental 2017+ 2H United Tools 30% 2015 States 28% 37% 41% International Drilling 59% 63% 2016 42% 1Prior four…
  4. Johnson Rice Energy Conference – Parker Drilling Co. – slide 4
    Balanced Business Mix: Drilling Services and Rental Tools Services Revenues by Segment1 Gross Margin by Segment1 International & 52% 37% 41% 47% Alaska Drilling International & Rental Tools International & Rental Tools Alaska…
  5. Johnson Rice Energy Conference – Parker Drilling Co. – slide 5
    Rental Tools Overview Operating Strengths A leading supplier in U.S. land, U.S. offshore and international markets Strong growth in up cycles, resilient operating margins in down cycles A solid international platform with major…
  6. Johnson Rice Energy Conference – Parker Drilling Co. – slide 6
    Drilling Overview Operating Strengths Highly capable fleet to meet challenging drilling requirements O&M contracts leverage drilling experience and expertise Building scale in large and growing international markets Market share…
  7. Johnson Rice Energy Conference – Parker Drilling Co. – slide 7
    Strategy Enhance returns on capital through operational execution and disciplined growth Manage the downturn: lower cost base, sustain rig utilization and manage cash and liquidity Maintain U.S. barge business for recovery…
  8. Johnson Rice Energy Conference – Parker Drilling Co. – slide 8
    Manage the Downturn ( millions) Action Items Cash Flow and Capital Spending1 Capital Spending Operating Cash Flow Focus on generating free cash flow 250 226 250 190 202 206 200 200 161 Lower cost structure 150 102 104 47 58…
  9. Johnson Rice Energy Conference – Parker Drilling Co. – slide 9
    Manage the Downturn Financial Position (06/30/15) Debt-to-Total Capital1 304MM in Liquidity 50.8% 117MM cash 48.0% 187MM Revolver (after L/Cs) 47.0% 47.0% Debt maturity schedule 44.8% 225MM 7-1/2% Sr. Unsecured Notes due 2020…
  10. Johnson Rice Energy Conference – Parker Drilling Co. – slide 10
    Improve International Rental Tools Margins Action Items Gross Margin Trend Inserted new management 40% Consolidated and closed under- 30% performing locations Reduced headcount 20% Improved supply chain management 10%…
  11. Johnson Rice Energy Conference – Parker Drilling Co. – slide 11
    Deepwater GOM Rental Tools Growth GOM Offshore Revenue (millions) 70 60 50 40 30 20 10 0 2010 2011 2012 2013 2014 2015 Annualized 1 2015 Annualized is based on 6 months actual 2015 revenue multiplied by two…
  12. Johnson Rice Energy Conference – Parker Drilling Co. – slide 12
    Expand O&M Business Model Drilling Revenues by Service Type 1,2 Total Contracted Backlog 3 millions O&M + Parker-Owned Rigs O&M Project 184 Services 88 130 124 30% 47 47 70% 96 83 77 Parker-owned Rigs July - Dec 2015…
  13. Johnson Rice Energy Conference – Parker Drilling Co. – slide 13
    Achieve Scale in International Drilling Core International Drilling Markets Arctic 2 1 Caspian Sea 5 3 Middle East 1 3 23 2 6 Latin America 3 2 1 2 Location and number of Parker-owned rigs 1 Location and number…
  14. Johnson Rice Energy Conference – Parker Drilling Co. – slide 14
    Approach to Disciplined Growth Strategy Execution Checklist Rental tools: Geographic and product-line extensions (organic and acquisitions) Drilling: O&M, long-term contracts for newbuilds and opportunistic acquisitions Return on…
  15. Johnson Rice Energy Conference – Parker Drilling Co. – slide 15
    Summary Ability to generate free cash flow in downturn Favorable product/service and geographic mix relative to small-cap peers Return on capital driving strategies Leverage reputation as innovative, reliable and efficient…
  16. Johnson Rice Energy Conference – Parker Drilling Co. – slide 16

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