Credit Suisse 21st Annual Energy Summit February 23-24, 2016
Scaling The Business Scaling our business effectively is key to our success both in upturns and downturns Patterson-UTI U.S. Rig Count vs. U.S. Drilling Staff Size Rig Count Drilling Staff Size Feb-14 Feb-15 Feb-16…
Modern Pumping Equipment Frac Horsepower by Pump Type Legacy Triplex Modern 5% Triplex 15% 1 Million Horsepower Quintuplex 80% 3 Modern triplex pumps defined as being placed in service within the last seven years.…
Why Invest in Patterson-UTI Energy High Quality Assets 161 APEX rigs comprised primarily of 1500 horsepower and pad capable rigs Creating value through focus on well site execution Technology leader Leader in walking rigs for pad…
Contract Drilling High quality fleet of land drilling rigs including 161 APEX rigs Leader in walking rig technology for pad drilling applications Large footprint across North American drilling markets Components of Revenue…
Managing Supply Chain Sourcing and Supply Security Negotiated critical cost elements for both Drilling and Pressure Pumping Solidified availability of strategic commodities Reduced Costs in 2015 Sand costs down 25% - 35% Sand…
Majority of Adjusted EBITDA from APEX Rigs Adjusted EBITDA Contribution by Rig Class Mechanical Other Electric APEX 11 *Adjusted EBITDA contribution by rig class excluding early termination revenues for the year ended…
APEX-XK Integrated Walking System 13 APEX-XK Rig Walking on Pad Video of APEX-XK Rig http://patenergy.com/drilling/technology/apexwalk/ 14 14 7
Large Geographic Footprint PTENs Active Rig Count by Region as of February 19, 2016 Canada 4 Rigs North Dakota 10 Rigs Rockies 2 Rigs Appalachia 23 Rigs Mid-Continent 6 Rigs West Texas East Texas 17 Rigs 6 Rigs…
Modern Pumping Equipment Frac Horsepower by Age 10 Years 5% 5 - 10 Years 4 25% Years Average Age < 5 Years 70% 17 Pressure Pumping Areas Market Concentration Provides Economies of Scale Frac Horsepower 35%…
Technology Focused PropLogic Sand Management System Fully enclosed well-site sand management system More accurate than conventional sand trailers/bins More efficient use of proppant as less sand is wasted 19 Technology…
Technology Focused Comprehensive Lab Services Ability to test vendors chemicals enhances quality controls Unique in-house friction flow loop test assembly for faster test results In-house lab services are faster and more cost…
Investing in Our Company Capital Expenditures and Acquisitions ( in millions) 1,229 976 1,012 974 744 662 598 637 445 453 190 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016E Year End 23 2016 Capital expenditure…
Non-GAAP Financial Measures PATTERSON-UTI ENERGY, INC. Non-GAAP Financial Measures (Unaudited) Three Months Ended Twelve Months Ended (dollars in thousands) December 31, December 31, 2015 2014 2015 2014 Adjusted Earnings Before…
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