Johnson Rice Energy Conference September 30, 2015 Dick Alario Chief Executive Officer
+updates + Company-wide reorganization and reallocation of resources to optimize revenue pull-through opportunities, push decision making authority closer to the field and rationalize support cost structure + Functional Support…
+strategy Keys core production enhancement business is primarily focused on extending the life and ultimate recovery of a well through-out the majority of a wells life; the recurring demand for Keys services yields a less volatile…
+market Even in a moderated oil price environment expected growth in the population of horizontal wellbores and the continued aging of the existing horizontal wellbore inventory provides for meaningful growth opportunities in Keys core…
+trends Counter-cyclical trends have emerged as operators look to protect the base of existing production; Key holds a market-leading position with assets most capable to respond to the demand for return-accretive activities in the…
+footprint A sharpened focus on the Lower 48 combined with a newly-optimized organizational structure to take advantage of our regional footprint should yield top-line and cost synergies as we execute our strategy around production…
+permian basin Permian Asset Base (1) + Well Service Rigs 205 + Coiled Tubing Units 6 + Fluid Trucks 352 + Salt Water Disposal Wells 19 + Frac Tanks 827 Top 5 Customers (2) Source: Key Energy Services, Inc. (1) Asset…
+west coast West Coast Asset Base (1) + Well Service Rigs 103 + Coiled Tubing Units 9 + Fluid Trucks 57 + Frac Tanks 31 Top 5 Customers (2) Source: Key Energy Services, Inc. Note: Service location guide found on Permian…
+rockies Rockies Asset Base (1) + Well Service Rigs 92 + Coiled Tubing Units N/M + Fluid Trucks 16 + Salt Water Disposal Wells 8 + Frac Tanks 113 Top 5 Customers (2) Source: Key Energy Services, Inc. Note: Service…
+balance sheet Balance Sheet & Liquidity As of ( in millions) June 30, 2015 Cash & cash equivalents 225.5 Total Debt, including current portion 675.0 million 6.750% Senior Notes due 2021 675.0 315.0 million L + 9.250% Term Loan…
+final thoughts + Optimized organizational structure to take advantage of inherent operating leverage + Significant cost cuts to stem cash burn + Evidence of counter-cyclical demand growth in core business + Strong market share in…
+highlights + We are the leader in onshore, rig-based well services + We have a strong reputation as a production- enhancement service provider + We are well-positioned to benefit from long-term secular trends + We have developed…
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