Helmerich & Payne, Inc. May 2022 Financial data as of 3/31/2022; other data as of 4/27/2022 unless otherwise noted. 2022 Helmerich & Payne, Inc. All Rights Reserved. 1
Helmerich & Payne H&P is recognized as the industry leader in drilling solutions as well as technological innovation. H&P TODAY H&P operates in 3 segments (% of Revenue) o North America Solutions 88% market leader in U.S. o…
Current Highlights Increasing NAS rig count 33% in 1HFY22 Returning cash to shareholders in 1HFY22: Repurchased 77M of shares at 24/share Paid out 55M in dividends Moving 1st rig to Middle East hub in 2HFY22 Driving up…
H&Ps Winning Strategy Global Drilling Solutions Provider Evolve commercial model to be 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…
Benefits of Long Economic Life Assets Long economic life exceeds accounting life Weighted average accounting life is 15 years for a super-spec FlexRig drilling rig, but economic life is 30 years Major rig assemblies mast and…
H&P Global Rig Fleet Rigs Rigs % Available Contracted (1) Contracted U.S. Land 236 173 73% H&P has the largest spare capacity of Super-Spec FlexRig Fleet 230 171 74% super-spec rigs Upgradeable AC FlexRig 4 0 0% Other AC-Style…
International Expansion Benefits of Allocating Capital Internationally Diversification from U.S. and outlet for super-spec FlexRig fleet capacity Exporting U.S. rigs for appropriately scaled opportunities offers growth outside of…
H&P Offerings Create Compelling Value Opportunities for E&Ps
Value Proposition Wellbore Quality & Placement Lower Cost Consistency at 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 The oil and gas industry is still heavily dependent on human decision making to design, execute, and optimize oil and gas extraction. H&P INDUSTRY CHALLENGE…
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,…
Evolving Commercial Model H&P has a long track record of providing value to customers, the commercial model must evolve to ensure a reasonable rate of return Current day-rate model does not adequately compensate for value being…
H&Ps Commitment to Capital Allocation RETURNS TO SHAREHOLDERS Dividends Share repurchases Exploring further possibilities CAPITAL EXPENDITURES CASH FLOW CAPITAL Maintenance moves with active rig count FROM ALLOCATION Walking…
Conservative Capital Structure CAPITAL EMPLOYED CAPITAL EMPLOYED (MM) (MM) LIQUIDITY AVAILABLE LIQUIDITY (MM) AVAILABLE (MM) 1,200 250% HP Liquidity as a % of Debt Total Liquidity Available 200% 900 PTEN 150% 600 NBR…
Conservative Capital Structure TOTAL-DEBT-TO-TOTAL-CAPITALIZATION RATIO DEBT MATURITY SCHEDULE TOTAL-DEBT-TO-TOTAL-CAPITALIZATION RATIO DEBT MATURITY (IN MILLIONS) (IN MILLIONS) SCHEDULE 1,000 900 HP 800 118 700 364 600 510 PTEN…
Helmerich & Payne 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…
Applying Drilling Expertise to Geothermal We are applying our advanced rigs and technology solutions to unlock unconventional geothermal resources, creating virtually carbon-free, baseload energy. New geothermal concepts Our…
Our Investements / Geothermal Partners ENHANCED GEOTHERMAL SYSTEMS CLOSED LOOP SYSTEMS 2022 Helmerich & Payne, Inc. All Rights Reserved. 22
Improving Lives Through Affordable and Responsible Energy WE ARE FOCUSED ON UNDERSTANDING OUR IMPACTS AND ULTIMATELY DEVELOPING STRATEGIES ROOTED IN OUR CORE VALUES TO MANAGE THEM ENVIRONMENTAL SOCIAL GOVERNANCE Environmental…
H&P Inaugural Sustainability Report Issued December 2021 Highlights Provides: Environmental management and oversight practices Strong use of data to report over 40 environmental metrics, including Scope 1 & 2 emissions data…
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…
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