HELMERICH & PAYNE, INC. Meetings with Investors June 2020 Financial data as of 3/31/2020; other data as of 4/30/2020 unless otherwise noted.
COVID-19 The health and safety of all H&P stakeholders - our employees, customers, and vendors - remain a top priority H&P has implemented additional policies and procedures designed to protect the well-being of our stakeholders and…
H&P Today Founded in 1920, H&P is the industrys most trusted drilling partner. Committed to operational excellence and conservative financial discipline, H&P is the recognized industry leader in drilling solutions as well as…
Why H&P in Current Market Conditions U.S. Land industry leader with dominant position Important to be adaptable in volatile markets; H&P moved quickly to respond to these unprecedented market conditions Intention to reduce annual…
H&Ps Winning Strategy Todays Focus Points Execute as the dominant U.S. land drilling solutions provider Continue to lead industry in digital technology and innovation bringing value to customers Grow international business…
Differentiated from Land Drilling Peers Leading U.S. market share 24%* of U.S. land fleet, 37%* of super-spec fleet Changing the commercial model H&P provides distinctive value to customers Uniform design of FlexRig fleet best and…
H&P Global Rig Fleet Rigs Rigs % Available Contracted(1) Contracted U.S. Land 262 86 33% Super-Spec FlexRigs 234 83 35% Upgradeable AC FlexRigs 8 1 13% Other AC Style FlexRigs 20 2 10% International Land 32 10 31% Argentina(2) 20…
Leading U.S. Unconventional Driller (Positioned To Respond To Customer Needs) H&P Has 262 Total FlexRigs Across The U.S. FlexRigs Are Uniquely Designed To Meet The (90% Of Which Are Super-Spec Rigs) Ever-Growing Complexities Of U.S.…
Evolving Commercial Model H&P has a long track record of providing value to customers, the contract model terms must evolve to ensure a reasonable rate of return Current dayrate model does not always adequately compensate for value…
HPT Helmerich & Payne Technologies Adding Value Through Automation: Wellbore Quality, Accuracy & Efficiency Motives Bit Guidance System helps to enable drilling of higher quality wellbores with a scalable, repeatable, data driven…
Wellbore Quality Matters Tortuosity Adversely Affects Overall Well Economics Tortuosity is the amount of bends and twists in a well often referred to as doglegs; unwanted tortuosity leads to Detrimental Well Economics Increases Pipe…
AutoSlideSM The Next Evolutionary Step in Drilling Automation Uses machine learning and automation to interface with FlexRig control systems to perform slide drilling automatically via computer control (vs. traditional human…
Value Driven AutomationTM Converting Art to Science H&Ps Autonomous Drilling PlatformTM optimizes and automates total well execution H&P leading industrys technological advancements Uses machine learning to drive economic-based…
HPT Leading Automation Recent Technical Papers at the IADC/SPE International Drilling Conference Actual experiences regarding quality and placement and their effect on the total cost of ownership over the life of the well SPE Paper…
Opportunistic International Growth Important line of business for H&P 12% of companys total active rig count Adds diversification, long-term contracting and growth opportunities, especially with unconventional shale growth…
Conservative Capital Structure (H&P Built to Withstand Volatile Markets) Capital Employed (MM) Liquidity Available (MM) 1,800 240% Total Liquidity Available HP 1,500 200% 1,200 160% PTEN 900 120% NBR 600 80% 300 40%…
Solid Financial Foundation (H&P Positioned to be Strong Through the Cycle) Total-Debt-to-Total-Capitalization Ratio1 Debt Maturity Schedule 1,400 HP 1,200 1,000 PTEN 345 775 800 368 303 525 600 PDS 400 712 575 600 66 500…
ESG - Social Responsibility Environment Social Governance Drilling Solutions: Safety: Governance Structure: Utilizing walking/skidding rigs for Rig Managers receive in-field H&P does not maintain a classified Board multi-well programs…
H&P Investment Thesis Industry Leader as a Drilling Solutions Provider Largest, Uniform and Most Capable Fleet Consistent Operational Excellence (Safety, Customer Satisfaction, Reliability) Technology and Innovation Leader…
Helmerich & Payne, Inc. Thank you for your interest in H&P. Our stock is traded on the NYSE, ticker symbol - HP For more information please visit our website at www.hpinc.com or contact: Dave Wilson, CFA, CPA Director of Investor…
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