HELMERICH & PAYNE, INC JANUARY 2022 Financial data as of 9/30/2021; other data as of 11/17/2021 unless otherwise noted.
H&P is the industrys most trusted drilling partner. Committed to operational excellence and conservative financial discipline, H&P is the recognized industry leader H&P TODAY in drilling solutions as well as technological…
WHY H&P IN CURRENT MARKET CONDITIONS Industry leader in U.S. land drilling Leading evolution of commercial model in order to better align economic benefits and outcomes At the forefront of drilling automation creating compelling…
H&PS WINNING STRATEGY GLOBAL DRILLING SOLUTIONS PROVIDER Evolve commercial model to customer centered and value driven Continue to lead industry in technology automation adoption and differentiation International expansion…
DIFFERENTIATED FROM LAND DRILLING PEERS Strategic advantages innovation, economies of scale, operational efficiency, financial flexibility and risk reduction Changing the commercial model H&P provides distinctive value to customers…
BENEFITS OF LONG ECONOMIC LIFE ASSETS Long economic life exceeds accounting life Weighted average accounting life is 15 years for a super-spec FlexRig, but economic life is 30 years Major rig assemblies mast and substructure, have…
H&P GLOBAL RIG FLEET Rigs Rigs % Available Contracted (1) Contracted U.S. Land 236 141 60% Super-Spec FlexRigs 230 139 60% Upgradeable AC FlexRigs 4 0 0% Other AC-Style FlexRigs 2 2 100% International Land 30 6 20% Argentina 20…
THE DEBATE IS H&P RIG VS NON-H&P RIG NOT WALKING VS SKIDDING When a rig is drilling, it does not matter if it US Industry Rig Count by Rig Type is a skidding rig or walking rig 700 performance matters Enverus USL Rig Count…
INTERNATIONAL EXPANSION Benefits of Allocating Capital Internationally Diversification from U.S. and outlet for super- spec FlexRig capacity Exporting U.S. rigs for appropriately scaled opportunities offers growth outside of U.S.…
H&PS OFFERINGS CREATE COMPELLING VALUE OPPORTUNITIES FOR E&PS
VALUE PROPOSITION WELLBORE QUALITY LOWER COST CONSISTENCY AT AND PLACEMENT REDUCED RISK Optimize drilling economics Drill an efficient well, reducing Provide reliable, repeatable results to customer specifications non-productive…
H&P DRILLING SOLUTIONS ADDRESSING INDUSTRY CHALLENGES THROUGH AUTOMATION Oil and gas industry is still heavily dependent on human decision making to design, execute, and optimize oil and gas extraction. INDUSTRY CHALLENGE H&P…
DRILLING SOLUTIONS VALUE PROPOSITION MORE THAN DRILLING A HOLE IN THE GROUND.VALUE OVER THE LIFE OF THE WELL DRILLING COMPLETIONS PRODUCTION Primary Focus Drilling Time & Cost Human decisions and execution variable, inconsistent and…
ENABLING INDUSTRY PROFITABILITY AUTOMATING THE WELLBORE MANUFACTURING PROCESS EARLY ADOPTERS & INNOVATORS OF WELLBORE MANUFACTURING Focus Cost of well viewed over well life-cycle Digital technologies used to improve wellbore quality,…
EVOLVING COMMERCIAL MODEL H&P has a long track record of providing value Under current industry norms, incorporating to customers, the commercial model must more services and solutions into a rig day- evolve to ensure a reasonable rate…
H&PS COMMITMENT TO CAPITAL ALLOCATION RETURNS TO SHAREHOLDERS Dividends Share repurchases Exploring further possibilities CAPITAL EXPENDITURES CASH FLOW CAPITAL Maintenance moves with FROM OPERATIONS ALLOCATION active rig count…
CONSERVATIVE CAPITAL STRUCTURE CAPITAL EMPLOYED (MM) LIQUIDITY AVAILABLE (MM) 250% 1,250 Liquidity as a % of Debt HP Total Liquidity Available 200% 1,000 PTEN 150% 750 100% 500 NBR 250 50% PDS* 0 0% HP PTEN…
CONSERVATIVE CAPITAL STRUCTURE (1) TOTAL-DEBT-TO-TOTAL-CAPITALIZATION RATIO DEBT MATURITY SCHEDULE (IN MILLIONS) 1,200 HP 1,000 161 800 PTEN 364 600 510 349 PDS 400 846 711 560 542 200 390 400 NBR 50 287 0 0% 20% 40%…
ROOTED IN OUR CORE VALUES DO THE RIGHT THING H&P continues to refine and evolve its sustainability strategy. Implementing, executing and monitoring the strategy is multi-faceted, spanning across various disciplines within our Company. It…
IMPROVING LIVES TROUGH AFFORDABLE AND RESPONSIBLE ENERGY We are focused on understanding our impacts and ultimately developing strategies rooted in our core values to manage them. ENVIRONMENT SOCIAL GOVERNANCE Environmental…
H&P INAUGURAL SUSTAINABILITY REPORT ISSUED DECEMBER 2021 Highlights Environmental management and oversight practices Strong use of data to report over 40 environmental metrics, including emissions data Environmental goal setting…
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 For more information please visit our website at www.helmerichpayne.com Contact: Dave Wilson, CFA, CPA VP of Investor Relations 918-588-5190, investor.relationshpinc.com NYSE :…
Loading...
