Skip to main content March 2016 Corporate Presentation – Precision Drilling Corporation | Shale Experts
Loading...
Pm

March 2016 Corporate Presentation – Precision Drilling Corporation

Precision Drilling Corporation · Mar 31, 2016 · 26 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. March 2016 Corporate Presentation – Precision Drilling Corporation – slide 1
    Corporate Presentation March 2016 1
  2. March 2016 Corporate Presentation – Precision Drilling Corporation – slide 2
    Historical North American Drilling Activity U.S. Land Rig Count Canadian Land Rig Count 10 Year History 5 Year History 800 2,000 1,800 700 1,600 600 1,400 500 1,200 400 1,000 300 800 200 600 100 400 0…
  3. March 2016 Corporate Presentation – Precision Drilling Corporation – slide 3
    Managing Through The Cycle Rig Capability 238 Tier 1 Rigs Maintain High Performance operations __ Liquidity Strong Balance Sheet with 445 million Cash Variable operating and capital Variable Cost Structure expenditures…
  4. March 2016 Corporate Presentation – Precision Drilling Corporation – slide 4
    Fully Industrialized Development Drilling Maximum Efficiency Repeatability + Predictability Risk Minimization Technology Deployment Long-term Economic Mindset 7 Precision Super Triple rigs operating in Duvernay, 2015.
  5. March 2016 Corporate Presentation – Precision Drilling Corporation – slide 5
    High Performance Super Single and Super Triples Rig Fleet 1,2 254 16 Upgrade Candidates 8 International 101 U.S. 145 Tier 1 Rigs Added 93 129 Canada 1 Jan, 2009 11 Feb, 2016 1) As of February 11th 2016 -…
  6. March 2016 Corporate Presentation – Precision Drilling Corporation – slide 6
    Precision HR Training and Processes Career Path Management Field Training Long-term Investments Compensation Programs Permanent Training Structured Promotion Facilities with Fully Programs Functioning Rigs EXPERIENCED,…
  7. March 2016 Corporate Presentation – Precision Drilling Corporation – slide 7
    Global recruitment 7 Countries 10 Provinces 50 States Toughnecks program processed 13,505 applications and hired 506 people in 2015 90% retention target of key field positions 10
  8. March 2016 Corporate Presentation – Precision Drilling Corporation – slide 8
    Strong Contract Book backed by Well Capitalized Customers Average Term Contracts 2015 Top 50 Customers 1 70 9 58 7 Private 20% 25 Public 72% 20 8% 30 National Oil Companies 36 31 Average market cap. of 41 billion…
  9. March 2016 Corporate Presentation – Precision Drilling Corporation – slide 9
    Focused Footprint North America 135 rigs in Canada 102 rigs in U.S. Focused on development drilling Middle East 4 rigs in Saudi Arabia 2 rigs in Kurdistan 1 rig in Georgia Mexico 5 rigs in Kuwait 5 rigs in Mexico 3…
  10. March 2016 Corporate Presentation – Precision Drilling Corporation – slide 10
    Increasing International Diversification International revenue was 14% of total in 2015, up from 3% in 2012. 2012 2013 2014 2015 44% 37% 46% 46% 46% 48% 51% 49% 3% 7% 14% 8% Canada U.S. Internatinoal Two additional…
  11. March 2016 Corporate Presentation – Precision Drilling Corporation – slide 11
    Capital Spending Highlights 2016 Capital 202 million 44 158 million for Expansion & Upgrades Capital 2 new-build rigs for Kuwait 158 44 million for Maintenance, Infrastructure and Upgrades 187 Expansion & Upgrades Maintenance &…
  12. March 2016 Corporate Presentation – Precision Drilling Corporation – slide 12
    Balance Sheet Strength Available liquidity as of Attractive Capital Structure (1) 12/31/2015 2 Net debt to total capital: 40% 1,199 Interest coverage: 3.6x 445 Cash Long maturity, low cost debt Average interest rate of 6.2%…
  13. March 2016 Corporate Presentation – Precision Drilling Corporation – slide 13
    Historical Annual Revenue and EBITDA Annual Revenue Annual EBITDA (millions, YOY % change) (millions,%) +16% -34% 800 +5% -1% 2,351 (34%) +36% 695 671 2,041 2,030 (36%) 639 1,951 (33%) (31%) +19% 1,556 474 1,430 435…
  14. March 2016 Corporate Presentation – Precision Drilling Corporation – slide 14
    Cost Management In Lower Activity Environment Variable Cost Structure Reduced Maintenance Capex Limited Growth Capex Variable Field Cost Overhead Reductions Active Fixed Cost Operating center Management consolidation 2015…
  15. March 2016 Corporate Presentation – Precision Drilling Corporation – slide 15
    Precision Drilling Investment Merits Leading North American driller with global diversification High Performance Tier 1 fleet of rigs with Tier 1 crews * Strong balance sheet with 445 million of cash Contract position…
  16. March 2016 Corporate Presentation – Precision Drilling Corporation – slide 16
    Canadian Activity Update 800 700 Canadian Active Land Rig Count 600 500 400 300 200 100 0 5 Year Range 2010 - 2014 2014 2015 2016 Source: Baker Hughes land rig count as of March. 11. 2016 20
  17. March 2016 Corporate Presentation – Precision Drilling Corporation – slide 17
    Oil Drilling Dominates Activity 2,000 1,800 1,600 U.S. Active Land Rig Count 1,400 1,200 1,000 800 600 400 200 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Source: BHI…
  18. March 2016 Corporate Presentation – Precision Drilling Corporation – slide 18
    PEOPLE SYSTEMS & SCALE DRILLING TECHNOLOGY PRODUCES LOWER RISK MAXIMUM EFFICIENCY ATTRACTIVE RETURNS 22
  19. March 2016 Corporate Presentation – Precision Drilling Corporation – slide 19
    Technical Support centres Supply Chain Asset Integrity Management Maintenance Standard Leverage Procurement Centralized Support Vendor Management In House Repair & Rebuild Centralized Support SYSTEMS & SCALE Manufacturing +…
  20. March 2016 Corporate Presentation – Precision Drilling Corporation – slide 20
    8,680 employees completed training through Precision Tech centres in 2013 2015 24
  21. March 2016 Corporate Presentation – Precision Drilling Corporation – slide 21
    Nisku Drilling Support Centre Safety & Repair & Rig Build & Operations Maintenance Construction Training 25
  22. March 2016 Corporate Presentation – Precision Drilling Corporation – slide 22
    Completion & Production Segment: Full Well Cycle Exposure Largest well service provider in Canada and established presence in U.S. Over 150 Well Service, Snubbing and Coil Tubing rigs Large fleet of high value rental equipment…
  23. March 2016 Corporate Presentation – Precision Drilling Corporation – slide 23
    International Revenue Growth Deployed 1 rig to Georgia Deployed additional 1 rig to Kuwait Signed 2 newbuild contracts for delivery to Kuwait in early 2017 Initiated Kuwait with 2 Rigs Deployed additional 240 1 rig to Saudi…
  24. March 2016 Corporate Presentation – Precision Drilling Corporation – slide 24
    North American Market Has Transitioned To Industrialized Resource Drilling 1985-2005 2005-2010 2010-PRESENT Reservoir Drilling Resource Drilling Emergence Industrial Resource Drilling Commodity Vertical gas Vertical gas Horizontal…
  25. March 2016 Corporate Presentation – Precision Drilling Corporation – slide 25
    Precision Commands Leadership In Canadian LNG Opportunity 1 Approved export capacity of 26Bcf/day Opportunity for 20 to 25 rigs per Bcf of export capacity Longer-term demand source Require deeper Tier 1 rigs ST-1200 and…
  26. March 2016 Corporate Presentation – Precision Drilling Corporation – slide 26
    Precisions Tier 1 Super Series Fleet High Performance Development Drilling Technology INDUSTRY LEADING RIGS Super Single Super Triple 1200 2 Super Triple 1500 1 Delivering unrivaled economics through High Performance…

From the store

Browse maps, data & reports in the Shale Experts store