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Johnson Rice Energy Conference – Parker Drilling Co.

Parker Drilling Co. · Sep 22, 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. Johnson Rice Energy Conference – Parker Drilling Co. – slide 1
    Chris Weber Senior Vice President & CFO Johnson Rice Energy Conference September 22, 2016
  2. Johnson Rice Energy Conference – Parker Drilling Co. – slide 2
    Strategic Focus Be the premier supplier of rental tools Operational execution and specialized drilling services in select U.S. and international markets Reduce customers operating risks and operating costs Manage downturn and…
  3. Johnson Rice Energy Conference – Parker Drilling Co. – slide 3
    Balanced Profile Relative to Small-Cap Peers Revenue Profile Portfolio1 Geography1 Backlog2 446 million at June 30, 2016 Rental United Tools 32% States 31% 2017 35% 2018+ International 47% 69% Drilling 68% 2016 18%…
  4. Johnson Rice Energy Conference – Parker Drilling Co. – slide 4
    Drilling Overview Operating Strengths Highly capable fleet to meet challenging drilling requirements O&M contracts leverage drilling experience and expertise Building scale in large and growing international markets Market share…
  5. Johnson Rice Energy Conference – Parker Drilling Co. – slide 5
    Rental Tools Overview Operating Strengths A leading supplier in U.S. land, U.S. offshore and international markets Strong growth in up cycles, resilient operating margins in down cycles A solid international platform with major…
  6. Johnson Rice Energy Conference – Parker Drilling Co. – slide 6
    Current Strategic Focus 1 Successfully navigate the downturn - Focus on cash flow - Financial flexibility 2 Build on rental tools strength - Maintain and expand market leadership of U.S. rentals - Improve operating performance of…
  7. Johnson Rice Energy Conference – Parker Drilling Co. – slide 7
    1 Navigate the Downturn Free Cash Flow Action Items Cash Flow and Capital Spending Capital Spending Operating Cash Flow Lower cost structure 250 250 40% reduction in headcount 226 since YE14 Both BUs & Corp 200 190 202 200…
  8. Johnson Rice Energy Conference – Parker Drilling Co. – slide 8
    1 Navigate the Downturn Financial Flexibility Financial Position Senior Notes Maturity Schedule 360 ( millions) 6/30/2016 Cash 109 Credit Facility Availability1 88 225 Liquidity 197 6% Revolver Borrowings 0 7% 2016…
  9. Johnson Rice Energy Conference – Parker Drilling Co. – slide 9
    2 U.S. Rentals - Maintain Market Leadership U.S. Rig Count vs. Rental Tools Tubular Goods Utilization Index1 100 50 Index is up 18% since May 80 PKD U.S. Rental Tools 40 Revenue: -69% Indexed at 100 60 30 20 40 U.S. Rig…
  10. Johnson Rice Energy Conference – Parker Drilling Co. – slide 10
    2 Intl Rentals - Improve Performance Actions Taken Forward Plan Focusing on core markets with Inserted new sustainable activity management Actively tendering new Consolidated opportunities to gain market Capital expenditure…
  11. Johnson Rice Energy Conference – Parker Drilling Co. – slide 11
    3 Maintain U.S. Barge Business for Recovery GOM inland water market Break Even Oil Price Comparison, in /bbl remains attractive 250 Low breakeven oil price 200 Low idle rig costs 150 100 Solid historical results 2014 Gross…
  12. Johnson Rice Energy Conference – Parker Drilling Co. – slide 12
    4 Build Scale in Core Intl & Alaska Markets Arctic 2 Caspian Sea 1 5 1 Middle East 4 1 3 21 2 6 Latin America 1 2 1 2 Location and number of Parker-owned rigs 1 Location and number of O&M operations Core PKD…
  13. Johnson Rice Energy Conference – Parker Drilling Co. – slide 13
    4 Expand O&M Business Model Drilling Revenues by Service Type 1,2 Generally high profile, complex O&M + customer projects requiring specific Project drilling equipment Services 43% 57% O&M service scope can be scaled to…
  14. Johnson Rice Energy Conference – Parker Drilling Co. – slide 14
    5 Leverage Operational Execution to Grow Strategic Growth Checklist Rental tools: Geographic and product-line extensions (organic and acquisitions) Drilling: O&M, long-term contracts for newbuilds and opportunistic acquisitions Return…
  15. Johnson Rice Energy Conference – Parker Drilling Co. – slide 15
    Summary Focus on managing cash and liquidity in downturn Favorable product/service and geographic mix relative to small-cap peers Return on capital driving strategies Leverage reputation as innovative, reliable and efficient…

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