Company Update March 2014 2013 Tesco Corporation. All rights reserved.
Our Vision To become our customer's strategic partner in eliminating Non-Productive Time (NPT) 2013 Tesco Corporation. All rights reserved. NASDAQ: TESO 3
What Do We Do Drilling Mechanization Leader Top Drive Systems Automated Pipe Running Products 2013 Tesco Corporation. All rights reserved. NASDAQ: TESO 4
Business Segments TOP DRIVES REVENUE (M) 2013 - Sales Total: 525 - Rental Automated Completions - Aftermarket Sales and Service Casing Top Drive 4 Running Sales 167 127 TUBULAR SERVICES - Conventional Casing Running -…
Meaningful Market Share Other Other CanRig 8% 19% 11% CanRig NOV 19% NOV 53% 20% Tesco Tesco Corporation Corporation 50% 20% TOP DRIVE UNITS INSTALLED BASE TOP DRIVE RENTAL UNITS Other Other 9% 14% WFT Volant 9%…
Majority of Revenue Internationally REVENUE (M) 2013 62% of Revenue from Total: 525* outside North America Russia US 94 150 All business units EAME contribute positive 47 EBITDA International business Canada units growing…
What Makes Us Unique International Presence Leader in Mechanization Products Active R&D Portfolio Unique Global Service Infrastructure Excellent Historical Cash Generation Strong Balance Sheet 2013 Tesco Corporation. All rights…
Historical Revenue and EBITDA 600 500 400 In Millions 300 200 100 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Revenue EBITDA * *Non-GAAP Measure; please refer to the reconciliation of…
Proven Cash Management Net Cash (Debt) Position (M) 100 90 80 2013 Cash Growth the 70 result of strong FCF and 60 50 inventory reduction 40 initiatives 30 20 Strategic Review that will be 10 0 presented in Q2 will…
Our Strategy 2013 Tesco Corporation. All rights reserved. 12
What is Our Future Develop Best-in-Class Service and Product Quality Become the Automation Company of Choice, Starting with Top Drives Become the Premier Tubular Services Company in the Industry Dominate the Space of Rig…
How Large Can We Grow Top Drive and Rig Mechanization Products: 2013 Tesco Corporation. All rights reserved. NASDAQ: TESO 14
How Large Can We Grow Top Drive After Market Services and Full Rig Servicing: 2013 Tesco Corporation. All rights reserved. NASDAQ: TESO 15
How Large Can We Grow Tubular Services Market: 2013 Tesco Corporation. All rights reserved. NASDAQ: TESO 16
Why Will We Succeed We Have a Proven Record of Profitable Growth We Have an Excellent Balance Sheet and Strong Management Team Our Products Are Well Differentiated We Have a Service Culture Which is Hard to Replicate We Are In a…
2014 Objectives Improve Return on Capital Employed Broaden Offshore Tubular Services Expand Our Products Offering Perfect Our Operational Processes Develop Compelling R&D Portfolio Continue to Generate Free Cash 2013 Tesco…
Company Update March 2014 2013 Tesco Corporation. All rights reserved.