Transition Credit PPT Template Suisse June 2015 V 3.0 22nd Annual Energy Summit February 14, 2017
Agenda Outlook Company Overview Operational Platform Financial Overview 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 Scale will matter during US land…
Market Update U.S. Land 2016 Fourth Quarter U.S. Land rig count increased 26% Superior Energy increased active HHP by 28% to 450,000 HHP Equipment reactivation costs cause margins to lag increased activity & utilization Customer…
Underappreciated Structural Improvement 176 U.S. Land facility closures during downturn Permanent in nature Every part of company impacted Continuous asset portfolio optimization & rationalization Optimal structure allows for…
Ideal Positioning Our position as the only globally diversified middle market services provider affords us advantages over small and large cap providers Large Cap One-size fits all Heavy R&D Mid Cap influence Broad product…
Unique Characteristics Global mobility Able to handle worlds most complex wells Market High barrier to entry Leading Global + Brands High margin = High return GEOMARKET STRUCTURE ASSET STRUCTURE Production & completion…
U.S. Land Markets Hydraulic Fracturing Superior Energy is a first responder during current market recovery 600,000 Hydraulic Horsepower (HHP) in excellent working condition today Refurbishment opportunity 100 million required to…
Individual Services vs Packaged Approach Individual Services Approach SPN Packaged Approach Service Rigs Service Rigs Drilling Rigs Coiled Tubing Coiled Tubing Wireline Central CUSTOMER Point of CUSTOMER Automated Testing /…
International Expansion Our Core Strategy Innovation Assets Capital Core Markets LATIN AMERICA MIDDLE EAST ASIA PACIFIC Argentina Colombia Kuwait Australia Indonesia Brazil Saudi Arabia India Malaysia Legacy & Potential…
Gulf of Mexico 7 Series Subsea P&A System Well Services Integration Integrated Gulf Coast well services Pressure Control Head Coiled Tubing Wireline Shelf Plug & Abandonment Specialty Services Substantial cost structure…
Subsea P&A System Economics (Full Utilization Scenario*) Subsea Intervention System Building second system Annual Revenue 60 mm 2017 CAPEX = 12mm Gross Margin 50% 25 - 30% rate of return EBITDA Margin 45% 12-14 month…
Balance Sheet Strength Liquidity Flexibility Cash on hand 278 million as of 9/30/16 2016 capital expenditures reduced significantly from 2015 levels Cash on hand and cash flows expected to entirely fund early stages of recovery.…
Well Positioned Strong balance sheet Weathered extended market downturn without compromising ability to respond to recovery Early responder to U.S. Land market improvement Positioned to seize market share as industry recovers…