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RJ INSTUTIONAL INVESTORS CONFERENCE – Key Energy Services Inc.

Key Energy Services Inc. · Mar 5, 2014 · 24 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. RJ INSTUTIONAL INVESTORS CONFERENCE – Key Energy Services Inc. – slide 1
    Raymond James Institutional Investors Conference March 5, 2014 Dick Alario Chairman, President & Chief Executive Officer
  2. RJ INSTUTIONAL INVESTORS CONFERENCE – Key Energy Services Inc. – slide 2
    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…
  3. RJ INSTUTIONAL INVESTORS CONFERENCE – Key Energy Services Inc. – slide 3
    KEG: A Leader in Energy Production Services 1.3 billion Revenue by Line of Business1 Market capitalization Fluid Management 2.1 billion 18% Enterprise value International U.S. Rigs 11% 46% Fishing & 1.6 billion Rental 15%…
  4. RJ INSTUTIONAL INVESTORS CONFERENCE – Key Energy Services Inc. – slide 4
    High Value Service Throughout the Well Life Cycle 5
  5. RJ INSTUTIONAL INVESTORS CONFERENCE – Key Energy Services Inc. – slide 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…
  6. RJ INSTUTIONAL INVESTORS CONFERENCE – Key Energy Services Inc. – slide 6
    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…
  7. RJ INSTUTIONAL INVESTORS CONFERENCE – Key Energy Services Inc. – slide 7
    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 53% of the…
  8. RJ INSTUTIONAL INVESTORS CONFERENCE – Key Energy Services Inc. – slide 8
    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…
  9. RJ INSTUTIONAL INVESTORS CONFERENCE – Key Energy Services Inc. – slide 9
    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…
  10. RJ INSTUTIONAL INVESTORS CONFERENCE – Key Energy Services Inc. – slide 10
    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 count…
  11. RJ INSTUTIONAL INVESTORS CONFERENCE – Key Energy Services Inc. – slide 11
    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…
  12. RJ INSTUTIONAL INVESTORS CONFERENCE – Key Energy Services Inc. – slide 12
    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…
  13. RJ INSTUTIONAL INVESTORS CONFERENCE – Key Energy Services Inc. – slide 13
    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…
  14. RJ INSTUTIONAL INVESTORS CONFERENCE – Key Energy Services Inc. – slide 14
    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…
  15. RJ INSTUTIONAL INVESTORS CONFERENCE – Key Energy Services Inc. – slide 15
    Balance Sheet & Liquidity Overview As of ( in millions) December 31, 2013 Cash & cash equivalents 28.3 Total Debt, including current portion 6.750% Senior Notes due 2021 (1) 679.0 8.375% Senior Notes due 2014 3.6 Senior…
  16. RJ INSTUTIONAL INVESTORS CONFERENCE – Key Energy Services Inc. – slide 16
    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.…
  17. RJ INSTUTIONAL INVESTORS CONFERENCE – Key Energy Services Inc. – slide 17
    Key Energys Differentiated Platform and Opportunities 18
  18. RJ INSTUTIONAL INVESTORS CONFERENCE – Key Energy Services Inc. – slide 18
    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…
  19. RJ INSTUTIONAL INVESTORS CONFERENCE – Key Energy Services Inc. – slide 19
    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…
  20. RJ INSTUTIONAL INVESTORS CONFERENCE – Key Energy Services Inc. – slide 20
    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…
  21. RJ INSTUTIONAL INVESTORS CONFERENCE – Key Energy Services Inc. – slide 21
    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…
  22. RJ INSTUTIONAL INVESTORS CONFERENCE – Key Energy Services Inc. – slide 22
    Appendix 23
  23. RJ INSTUTIONAL INVESTORS CONFERENCE – Key Energy Services Inc. – slide 23
    Appendix U. S. Market Trends US Commodity Price Dynamics Oil and Gas Rig Count 1,500 9.00 8.00 2,250 1,250 Total U.S. Onshore 7.00 1,000 6.00 2,000 5.00 750 4.00 1,750 500 3.00 2.00 250 1.00 1,500 0 0.00 1,250…
  24. RJ INSTUTIONAL INVESTORS CONFERENCE – Key Energy Services Inc. – slide 24
    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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