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Credit Suisse 21st Annual Energy Summit – Superior Energy Services, Inc.

Superior Energy Services, Inc. · Feb 24, 2016 · 15 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. Credit Suisse 21st Annual Energy Summit – Superior Energy Services, Inc. – slide 1
    Credit Suisse Transition PPT Template 21 st 2015 June Annual V 3.0 Energy Summit February 24, 2016
  2. Credit Suisse 21st Annual Energy Summit – Superior Energy Services, Inc. – slide 2
    Agenda Outlook Company Overview Operational Platform Financial Overview 3
  3. Credit Suisse 21st Annual Energy Summit – Superior Energy Services, Inc. – slide 3
    Current Outlook 2016 Objectives Conserve cash, maintain liquidity, be patient Improve cost structure Maintain First Responder capability How long will this last U.S. Land market remains overcapitalized & fragmented Customer…
  4. Credit Suisse 21st Annual Energy Summit – Superior Energy Services, Inc. – slide 4
    Company Overview 5th Largest Globally Diversified Oilfield Services Provider 20 Product lines deployed across International, U.S. Countries with operations Land and Gulf of Mexico markets Downside risk vs. smaller players mitigated…
  5. Credit Suisse 21st Annual Energy Summit – Superior Energy Services, Inc. – slide 5
    Diverse Product & Service Lines Diverse Approaches to Management Well Services Global Technologies Geo - Market Structure Asset Management Model Production & completion oriented Equipment & technology differentiated services…
  6. Credit Suisse 21st Annual Energy Summit – Superior Energy Services, Inc. – slide 6
    Our Approach Near-Term Priorities Disciplined, iterative cost reduction across the organization Cash preservation Maintain balance sheet and current liquidity levels Product / Service Line Suitability Is it exportable Do we have…
  7. Credit Suisse 21st Annual Energy Summit – Superior Energy Services, Inc. – slide 7
    Cost Structure Improvements Headcount reductions of 40% Reductions of compensation Closure and consolidation of facilities in North America Restructuring and optimization of North America Well Services operations 2016 capital…
  8. Credit Suisse 21st Annual Energy Summit – Superior Energy Services, Inc. – slide 8
    International Expansion A focused, disciplined approach to international expansion HOT LEGACY CORE SPOTS HOT North Sea Argentina Ghana SPOTS Europe Brazil Angola Risk Mexico Colombia Nigeria Trinidad Australia Thailand…
  9. Credit Suisse 21st Annual Energy Summit – Superior Energy Services, Inc. – slide 9
    U.S. Land Markets Near-TermOutlook Near-Term Outlook KeyStrategies Key Strategies Manage challenging Respond to marketmarket withreductions with cost cost Pricing: Different tactics in different product Pricing: Different tactics…
  10. Credit Suisse 21st Annual Energy Summit – Superior Energy Services, Inc. – slide 10
    Q3/Q4 2015 Well Services Optimization U.S. Land GeoMarket Well Service Rigs Coiled Tubing Customer Benefits Cased-Hole Wireline = Testing/Flowback Reduced Operating Costs Packaged Customers Services Gulf Coast GeoMarket…
  11. Credit Suisse 21st Annual Energy Summit – Superior Energy Services, Inc. – slide 11
    Gulf of Mexico Near-Term Outlook Right Size shelf-related businesses Transfer assets to international opportunities Key Strategies Maintain drilling products market share leadership Product development related to more…
  12. Credit Suisse 21st Annual Energy Summit – Superior Energy Services, Inc. – slide 12
    Debt Maturity Schedule Senior Notes Maturity Schedule USD Mn 900 800 800 7 1/8% 700 600 500 500 6 3/8% 400 300 200 100 0 2015 2016 2017 2018 2019 2020 2021 Other Borrowings: 470 million revolving line of…
  13. Credit Suisse 21st Annual Energy Summit – Superior Energy Services, Inc. – slide 13
    Balance Sheet Strength Liquidity Flexibility 2016 capital expenditures to be reduced Cash on hand 564 million as of 12/31/15 significantly from 2015 levels 470 million revolving credit facility Low levels of maintenance capital…
  14. Credit Suisse 21st Annual Energy Summit – Superior Energy Services, Inc. – slide 14
    Well Positioned History of conservative financial management Strong balance sheet Prepared for extended market downturn Diversified geographically and across product lines Flexibility to further reduce spending and cost…
  15. Credit Suisse 21st Annual Energy Summit – Superior Energy Services, Inc. – slide 15
    Credit Suisse Transition PPT Template 21 st 2015 June Annual V 3.0 Energy Summit February 24, 2016

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