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Bank of American Energy Credit Conference – Superior Energy Services, Inc.

Superior Energy Services, Inc. · Jun 8, 2016 · 13 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. Bank of American Energy Credit Conference – Superior Energy Services, Inc. – slide 1
    Bank of America Transition PPT Template Energy June 2015 V Credit 3.0 Conference June 8, 2016
  2. Bank of American Energy Credit Conference – Superior Energy Services, Inc. – slide 2
    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…
  3. Bank of American Energy Credit Conference – Superior Energy Services, Inc. – slide 3
    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…
  4. Bank of American Energy Credit Conference – Superior Energy Services, Inc. – slide 4
    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…
  5. Bank of American Energy Credit Conference – Superior Energy Services, Inc. – slide 5
    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…
  6. Bank of American Energy Credit Conference – Superior Energy Services, Inc. – slide 6
    Cost Structure Improvements Headcount reductions of 50% from December 2014 levels Reductions of compensation Closure and consolidation of facilities in North America Restructuring and optimization of North America Well Services…
  7. Bank of American Energy Credit Conference – Superior Energy Services, Inc. – slide 7
    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…
  8. Bank of American Energy Credit Conference – Superior Energy Services, Inc. – slide 8
    U.S. Land Markets Near-TermOutlook Near-Term Outlook KeyStrategies Key Strategies Manage challenging to marketmarket withreductions cost Pricing: Different tactics in different product Respond with cost Pricing: Different tactics…
  9. Bank of American Energy Credit Conference – Superior Energy Services, Inc. – slide 9
    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 Services Integrated Service Gulf Coast…
  10. Bank of American Energy Credit Conference – Superior Energy Services, Inc. – slide 10
    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…
  11. Bank of American Energy Credit Conference – Superior Energy Services, Inc. – slide 11
    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: 460 million revolving line of…
  12. Bank of American Energy Credit Conference – Superior Energy Services, Inc. – slide 12
    Balance Sheet Strength Liquidity Flexibility Cash on hand 559 million as of 3/31/16 2016 capital expenditures to be reduced 460 million revolving credit facility significantly from 2015 levels 2019 Maturity Low levels of…
  13. Bank of American Energy Credit Conference – Superior Energy Services, Inc. – slide 13
    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…

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