RPC, Inc. Q4 2017 Investor Update Jim Landers Vice President, Corporate Finance March 29, 2018
Corporate Profile NYSE: RES. Publicly-traded since 1984 Recent Share Price (March 28, 2018) 17.05 Annual Dividend Yield 2.3% Market Capitalization 3.8 Billion Average Daily Volume (3 months) 1,700,000 Large Insider…
Why RPC Operational Focus and Tenured Management Proven ability to manage through the oilfield cycles and allocate capital Strong presence in the Permian Basin Businesses that are leveraged to serviceintensive completions…
Fourth Quarter 2017 Financial Highlights Key Financial Results ( millions) Revenues: 427.3 Operating Profit: 60.3 1 Net Income : 57.7 EBITDA: 101.1 Operational Highlights: Sequential revenue declines due to holidays and customer…
Responsible Stewardship of Cash Between the Beginning of 2006 and the end of Q3 2015, RPC borrowed as much as 225 million. RPC has repaid that entire amount, returned 721 million to shareholders in the form of dividends and share…
Return on Invested Capital * 50% RPC Peers ** 40% 30% 20% 10% 0% (10%) 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 * Calculated using cash flow from operations and…
RPCs Near-Term Strategy Recruiting Two Additional Pressure Pumping Fleets Ordered in Q3 2018, Delivered 1H 2018 Financial and Operational Flexibility Maintenance and Preventative Maintenance 8 8
Top Service Lines Service Line Revenue as a Percentage of Consolidated Revenues Three Months Ended December 31, 2017 Pressure Pumping 64.5% T hru T ubing Solutions (Downhole T ools) Coiled T ubing Rental T ools Nitrogen…
Pressure Pumping Well-maintained, high quality fleet concentrated in service-intensive oilfield basins Fleet assessment process has efficiently refined maintenance procedures Demonstrated ability to operate efficiently and…
ThruTubing Solutions ThruTubing Solutions (Downhole tools and motors) provides services used in unconventional completion operations Specializes in accomplishing multi-stage completions in unconventional wells. Significant…
Coiled Tubing 49 units used to enter new and existing wells to perform a variety of services. Approximately 26 are 2 in diameter. Used in completion and workover 4 U.S. competitor with 9% market share 12 12
Other Support Services Rental Tools Rents a variety of tools and products required during drilling or re-entering a well 2% of Q4 2017 revenues 2% market share Patterson Tubular Services Provides logistics, inspection, storage…
Other Workover Services Nitrogen Used in a variety of oilfield applications and several non-oilfield industrial uses 68 nitrogen units, 3% of Q4 2017 revenues Snubbing / Hydraulic Workover Allows workover work to be performed…
Contact Us Operational Headquarters: The Woodlands, Texas (above) Corporate Headquarters: irdeptrpc.net 2801 Buford Highway NE, Suite 520 Atlanta, GA 30329 www.rpc.net (404) 321-2140 15 15
Appendix A RPC has used the nonGAAP financial measure of Net Income Excluding the Impact of Tax Reform in these discussion materials. Tax Reform, which was enacted during the fourth quarter of 2017, lowers corporate income tax rates…
Appendix B RPC has used the nonGAAP financial measure of Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) in these discussion materials. EBITDA should not be considered in isolation or as a substitute for…
Loading...
