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COWEN ULTIMATE ENERGY CONFERENCE – Parker Drilling Co.

Parker Drilling Co. · Dec 1, 2014 · 17 slides

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Slides

  1. COWEN ULTIMATE ENERGY CONFERENCE – Parker Drilling Co. – slide 1
    Management Presentation Chris Weber, Senior Vice President and Chief Financial Officer 4th Annual Cowen and Company Ultimate Energy Conference 2014
  2. COWEN ULTIMATE ENERGY CONFERENCE – Parker Drilling Co. – slide 2
    Company Overview Strategic Focus Operational execution Parker Drilling is a Reducing customers Premier Supplier of operating risks and Rental Tools & Drilling operating costs Services to U.S. and International Markets Developing…
  3. COWEN ULTIMATE ENERGY CONFERENCE – Parker Drilling Co. – slide 3
    Customers Best Partner in Minimizing Operating Costs and Mitigating Operational Risks Innovative Reliable Efficient Well Cost Drilling Performance 100% Operating Days Casing 1 29 57 85 0 80% Well Depth (Thousands of feet)…
  4. COWEN ULTIMATE ENERGY CONFERENCE – Parker Drilling Co. – slide 4
    Strong Customer Group Revenues by Customer Type 1,2 Key Customers Independents & Regionals Major 42% Intl E&Ps 41% 6% 11% National E&Ps Integrated Service Providers 1 2013 Revenues. Includes ITS from date of…
  5. COWEN ULTIMATE ENERGY CONFERENCE – Parker Drilling Co. – slide 5
    Positioned to Serve Select Growing Markets Projected 5-year Revenues by Geography 1 Growth in Footage Drilled 2 Middle East & Central Asia 32% Latin America 29% 3 Asia-Pacific 15% U.K. & Europe 12% 45% United States 55%…
  6. COWEN ULTIMATE ENERGY CONFERENCE – Parker Drilling Co. – slide 6
    Premier Supplier of Rental Tools and Drilling Services Revenues by Type of Business 1 Rental Tools U.S. Rental Tools 9 Locations serving major drilling markets International Rental Tools 13 Countries with locations serving key…
  7. COWEN ULTIMATE ENERGY CONFERENCE – Parker Drilling Co. – slide 7
    Rental Tools Geography Rentals Well-site Services Yard Services U.S. Rental Tools Tubular Rental Machine shop1 64%* Pressure Control Intl Rental Tools Tubular Rental Tubular Running Machine shop 36%* Pressure Control Fishing &…
  8. COWEN ULTIMATE ENERGY CONFERENCE – Parker Drilling Co. – slide 8
    U.S. Rental Tools Nine Locations Serving Key Drilling Markets Williston, ND Williston Basin (2007) Evanston, WY Uinta Basin (2002) Morgantown, WV Marcellus & Utica Shales (2008) Enid, OK Mid-Continent (2013) U.S.…
  9. COWEN ULTIMATE ENERGY CONFERENCE – Parker Drilling Co. – slide 9
    U.S. Rental Tools Utilization 1 & Yield 2 GOM Offshore Revenue Utilization Index Yield Revenues (millions) 120 120% 60 100 100% 50 CAGR = 23% 80 80% 40 60 60% 30 40 40% 20 20 20% 10 - 0% 0 1Q'13 2Q'13 3Q'13…
  10. COWEN ULTIMATE ENERGY CONFERENCE – Parker Drilling Co. – slide 10
    International Rental Tools Revenues by Geography1 Current Business Conditions UK / Recent influences Europe Asia - Industry uncertainty in Mexico 20% 18% Pacific Market disruptions in Iraq Latin 15% Recent changes America Middle…
  11. COWEN ULTIMATE ENERGY CONFERENCE – Parker Drilling Co. – slide 11
    Drilling Revenues by Geography 1 Total Contracted Backlog 4 millions Asia-Pacific 2 United States 36% 35% 236 Caspian Latin Middle East America 169 149 16% 13% 101 Revenues by Service Type 1,3 O&M 19% 4Q'14 2015 2016…
  12. COWEN ULTIMATE ENERGY CONFERENCE – Parker Drilling Co. – slide 12
    Domestic Drilling U.S. Barge: Dayrate & Utilization Business Strengths 50,000 Avg. Dayrate Utilization % 100% U.S. Barge Drilling Unique market 40,000 80% 30,000 60% PKD holds leading market position 20,000 40% Upgrading…
  13. COWEN ULTIMATE ENERGY CONFERENCE – Parker Drilling Co. – slide 13
    International Drilling Core Markets Rig Fleet Utilization 100% 75% 68% 60% 48% 49% 50% 25% 0% 2011 2012 2013 3Q'14 Sakhalin Russia 1 Caspian Sea 5 1 Middle East 2 2 2 6 Latin 3 America 2 1 2 Location and…
  14. COWEN ULTIMATE ENERGY CONFERENCE – Parker Drilling Co. – slide 14
    Solid Financial Condition Credit Metrics 1 Cash Flow vs. CapEx (millions) 240 226 48% 190 45% 181 180 161 65 120 47 2.3x 102 2.0x 104 110 77 60 62 62 26 25 32 29 0 2011 2012 2013 LTM 3Q'14 Debt-to- Net Debt-to-…
  15. COWEN ULTIMATE ENERGY CONFERENCE – Parker Drilling Co. – slide 15
    Track Record of Growth Rental Tools Drilling GOM Offshore Barge Drilling O&M Revenues (millions) 80 Acquired Rig 30B Awarded 2-rig extended- Reactivated Rig 55B reach drilling contract in 60 CAGR = 23% Abu Dhabi Awarded Berkut…
  16. COWEN ULTIMATE ENERGY CONFERENCE – Parker Drilling Co. – slide 16
    Key Priorities Maintain competitive position in challenging U.S. land and GOM shallow water drilling markets Rental Expand position in U.S. GOM offshore deepwater market Tools Grow revenues and improve gross margin in international…
  17. COWEN ULTIMATE ENERGY CONFERENCE – Parker Drilling Co. – slide 17

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