RPC, Inc. Southwest IDEAS Conference Discussion Materials Dallas, TX November 21, 2019 Jim Landers Vice President of Corporate Finance
Corporate Profile NYSE: RES. Publicly-traded since 1984 Recent Share Price (November 12, 2019) 4.20 Annual Dividends Since 1997 Market Capitalization 901 million Average Daily Volume (YTD) 2,540,000 Large Insider Ownership…
RPCs Profile Operational Focus and Tenured Management LongTerm Focus Proven ability to manage through the oilfield cycles and allocate capital Strong presence in the Permian Basin Services that are leveraged to serviceintensive…
3rd Quarter Update Summarized Financial Results Var. % B / (W) ( 000's) 3Q 19 2Q 19 3Q18 Seq. YOY Revenues 293,240 358,516 439,994 (18%) (33%) Adjusted EBITDA 22,775 51,215 97,833 (56%) (77%) Adjusted Net (Loss) Income (17,978)…
Fleet Retirements and Completion Activity are Rationalizing Oversupply, but Increasing Efficiency is Slowing the Process Lower Rig Count Well < 12% Completions have been Idled Increased steady but Frac Fleet Frac are…
RPCs Near-Term Focus Alignment of Cost Structure to Current and Expected Activity Levels Closing several pressure pumping locations and cutting costs Upgrading Pressure Pumping Fleet: Integration of additional 100,000 HP…
Favorable Long-Term Track Record of Capital Stewardship Operating Cash Flow exceeded capital expenditures by 1 billion during the period Dividends every year since 1997 1 billion returned to shareholders during a period of almost…
Return on Invested Capital * 50% RPC Peers ** 40% 30% 20% 10% 0% (10%) 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 * Calculated using cash flow from operations and…
Geographic Presence Within U.S. Basins 40% 35% RPC Revenues and U.S. Well Completions By Basin 9 months ended 09.30.19 30% RPC Rev. YTD Q3 19 Well Completions 25% 20% 15% 10% 5% 0% Permian Mid Con Rockies Bakken Eagle…
ThruTubing Solutions ThruTubing Solutions (Downhole tools and motors) provides services used in unconventional completion operations Specializes in accomplishing multi-stage completions in unconventional wells Innovative SlicFrac…
Coiled Tubing (Pictured below: A new 2 5/8 coiled tubing unit being readied for service) 11 units of 2 3/8 or greater in diameter for completion applications Approximately 27 smaller units for workover Adding 6 new 2 5/8 units…
Other Support Services Rental Tools Rents a variety of tools and products required during drilling or re-entering a well 2% market share Patterson Tubular Services Provides logistics, inspection, storage and maintenance…
Other Workover Services Nitrogen Used in a variety of oilfield applications and several non-oilfield industrial uses Snubbing / Hydraulic Workover Allows workover work to be performed on live wells Well Control Worldwide…
Contact Us Operational Headquarters: The Woodlands, Texas (right) Corporate Headquarters: 2801 Buford Highway NE Suite 300 IRDeptRPC.net Atlanta, GA 30329 RPC.net (404) 321-2140 15 15
Appendix A RPC, Inc. uses the following nonGAAP financial measures: Adjusted net loss; Adjusted net income; Adjusted loss per share; Adjusted earnings per share; Adjusted operating loss; Adjusted operating profit; Earnings before…
Loading...
