UBS Oil & Gas Conference May 21, 2014 Trey Wilson Executive Vice President & Chief Operating Officer
Key Energy Services Investment Highlights We have a strong reputation as a high value service provider throughout the well life cycle We are the global leader in onshore, rig-based well services We are well-positioned to benefit…
KEG: A Leader in Energy Production Services 1.3 billion Revenue by Line of Business1 Market capitalization Fluid Management 2.0 billion 17% Enterprise value International 9% U.S. Rigs 46% Fishing & 1.6 billion Rental 15%…
High Value Service Throughout the Well Life Cycle 5
Keys Suite of Services Throughout the Life of a Well Key Energy Services brings together the equipment and expertise necessary to optimize production safely and efficiently Multiple touch points and continuity of service throughout the…
Rig Services Business Overview Regional Presence Rig Services deploys well service rigs that have been built to increase safety and reliability while reducing the chance of unplanned downtime Services include: Completion of…
Rig Services Trends & Dynamics1 Historical Revenue (mm) Well servicing has a greater percentage of small, 789 independent service companies than any other 725 oilfield service segment 673 562 510 Top 5 companies have 56% of the…
The KeyView System The KeyView system is a proprietary technology that provides equipment-verified data to achieve enhanced operational IQ 60 Patented system with job activity monitoring, recording capabilities and automated…
Coiled Tubing Services Business Overview Regional Presence Keys Coiled Tubing Services delivers value and time savings by minimizing downtime and reducing time to completion Services include: Completion of newly drilled horizontal…
Coiled Tubing Services Trends & Dynamics Historical Revenue (mm)1 Industry demand for large diameter coiled tubing is 255 growing rapidly to service longer lateral horizontal wells 216 193 Growth is highly correlated to well…
Fishing and Rental Services Business Overview Regional Presence Rental equipment used in the drilling and completion of wellbores including drill pipe, blowout preventers, frac stacks and well-testing equipment and services Rental…
Fishing and Rental Services Trends & Dynamics1 Historical Revenue (mm) Strong demand driven by growth of complex 269 wellbores and increased need for specialty 239 downhole services such as fishing and hole preparation for…
Fluid Management Services Business Overview Regional Presence Transportation of fluids, including sourcing of brine and fresh water, used in the drilling and completion process Transportation of frac flowback and produced water from…
Fluid Management Services Trends & Dynamics Historical Revenue (mm) Performance correlated to unconventional activity 388 Relatively low barriers to entry due to the nature of 354 the asset base creates fragmented market…
Financial Performance 16
Balance Sheet & Liquidity Overview As of ( in millions) March 31, 2014 Cash & cash equivalents 40.9 Total Debt, including current portion 6.750% Senior Notes due 2021 (1) 678.8 Senior Secured Credit Facility due 2016 85.0…
Operating Leverage Yields Upside Opportunity Revenue upside without meaningful expenditure via potential for increased asset utilization U.S. Rig Hours & Rig Services Revenues U.S. Trucking Hours & Fluid Management Revenues Avg. Rigs…
Key Energys Differentiated Platform and Opportunities 19
Key Energys Differentiated Platform Technology Development Center Well Servicing Well Servicing Workover & Completion Workover Reservoir Engineering Drilling & Completion Drilling Services Fluid Management Coiled Tubing Fishing…
Positioned to Benefit from Long-Term Secular Trends 60,000 2,500 Total U.S. Onshore U.S. onshore shale development is entering the manufacturing 50,000 phase of the cycle 2,000 Sophisticated pad drilling 40,000 programs aimed…
Key Energy: The Path Forward Key will continue to carry out the actions necessary to thrive in todays service market: Leverage an asset base that has sufficient capacity to achieve meaningful growth Execute business development…
Key Energy Services Investment Highlights We have a strong reputation as a high value service provider throughout the well life cycle We are the global leader in onshore, rig-based well services We are well-positioned to benefit…
Appendix 24
Appendix U. S. Market Trends US Commodity Price Dynamics Oil and Gas Rig Count 1,500 8.00 2,250 7.00 Total U.S. Onshore 1,250 6.00 2,000 1,000 5.00 750 4.00 1,750 3.00 500 2.00 1,500 250 1.00 0 0.00 1,250 Dec-2008…
Appendix Selected U.S. Onshore Oil Shale Well Growth Cumulative Well Count (1) Evolution Time: From the 100-Well Mark to 8,000 6,000 the 5,000-Well Mark 100 months 7,000 43 months 5,000 6,000 4,000 5,000 4,000 3,000…
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