Gary Rich Chairman, President & Chief Executive Officer Barclays CEO Energy-Power Conference September 6, 2017 PKD (NYSE) Rig 273 Alaska
Company Overview Long History of Operational Excellence A premier provider of Over 80+ years of pioneering drilling specialized drilling services Excelling in safety, management, and rental tools innovation, reliability and…
Revenue Profile Portfolio1 Geography1 Backlog2 289 million at June 30, 2017 Rental United 2018 Tools States 30% 35% 34% Drilling International 2019+ 65% 66% 2017 41% 29% 1Priorfour quarters through 2Q17 2 Worldwide…
Drilling Overview Operating Strengths Highly capable fleet to meet complex drilling requirements O&M contracts leverage drilling experience and expertise Building scale in large and growing international markets Market share leader…
Rental Tools Overview Operating Strengths A leading supplier in U.S. land, U.S. offshore and international markets Strong growth in up cycles A solid international platform with major presence in Middle East Established in Gulf of…
Leveraging Operational Excellence to Grow Positioned to build on track record and strong market presence to benefit from industry recovery Focusing on profitable growth markets and customers that reward efficiency, safety and…
Growth Opportunities in Core Intl. Markets Arctic 2 Caspian Sea 1 5 1 Middle East 4 1 3 30 5 Latin America 1 1 2 1 Location and number of Parker-owned rigs Location and number of O&M operations Increased tendering…
Oil & Gas Economies Oil and gas production are a substantial percentage of nominal GDP in many producing countries Venezuela Kuwait Iraq Saudi Arabia Kazakhstan Iran Qatar Russia % Oil UAE % Gas Colombia Canada Mexico…
International Rig Utilization 100% 80% 60% Other Intl Land 40% Drillers PKD 20% 2012 to 2014: New leadership improved utilization 2015 to 1Q17: Downturn adversely affected PKD based on market exposure 0% 2011 2012…
Rig Activity 2014 to 2017 projected versus actual rig utilization change Parker utilization impact correlates with market activity Markets showing signs Other of increased Intl activity going Land forward Drillers…
Expanding O&M Business Drilling Revenues by Service Type 1,2 O&M service scope can be O&M scaled to customer needs with + Project Parker-owned Rigs typically longer-term (2+ years) Services 48% contracts 52% Capital-light…
Maintain U.S. Barge Business for Recovery Unique Operating Strengths Historical Barge Rig Count GOM inland water market remains Others Competitor B attractive with low breakeven oil price 9 9 Competitor A 3 3 9 3 Parker 9 9 9 35…
U.S. Rentals Leading U.S. Supplier Unique Operating Strengths U.S. Rental Revenues by Market1 Leading supplier in every major U.S. basin U.S. Offshore Diverse mix of customers in U.S. land and 29% U.S. offshore markets Strong growth…
International Rentals - Improving Performance Actions Taken Forward Plan Focusing on core markets with sustainable activity Inserted new management Actively tendering new opportunities to gain market share Cash flow discipline…
Cash Flow Discipline Action Items Cash Flow and Capital Spending Capital Spending Operating Cash Flow Continue to safely manage costs 250 250 while maintaining strong 226 business lines 200 202 200 190 Continue to actively…
Summary Well positioned to participate in market recovery Quality idle equipment located in improving markets that can be put back to work relatively quickly Leveraging reputation as innovative, reliable and efficient provider to…
Appendix 19
Parker History For over 80 years, the Parker Drilling team has provided premier drilling and rental tools products and services in some of the worlds most remote and challenging environments. 1934: Parker Drilling founded in…
Parker Technology Parker Drilling has engineered a history of record setting, pioneering the way for new innovative, reliable, and efficient ways of drilling for more than 80 years 1967: Parker patents Heli-Hoist rig design, opening…
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