Raymond James Transition th PPT Template 37 Annual Institutional June 2015 V 3.0 Investors Conference M arch 7, 2016
Company Overview 5th Largest Globally Diversified Oilfield 20 Services Provider Countries with operations Product lines deployed across International, U.S. Land and Gulf of Mexico markets Downside risk vs. smaller players…
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…
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…
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…
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…
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…