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Capital One Securities 2014 Energy Conference – Independence Contract Drilling, Inc.

Independence Contract Drilling, Inc. · Dec 10, 2014 · 13 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Capital One Securities 2014 Energy Conference – Independence Contract Drilling, Inc. – slide 1
    Independence Contract Drilling Capital One Securities 2014 Energy Conference December 10, 2014
  2. Capital One Securities 2014 Energy Conference – Independence Contract Drilling, Inc. – slide 2
  3. Capital One Securities 2014 Energy Conference – Independence Contract Drilling, Inc. – slide 3
    Independence Contract Drilling Overview U.S. Land-Based Contract Driller Providing Premium Services Independence Contract Drilling (ICD) Overview ICDs ShaleDrillerTM Rig ICD assembles, owns and operates a premium rig fleet comprised…
  4. Capital One Securities 2014 Energy Conference – Independence Contract Drilling, Inc. – slide 4
    Major Secular Shift in Unconventional Development is Underway Moving from Delineation Drilling to Manufacturing Resource Development The shift to development over the past four years has U.S. Land Rig Count been substantial: Rapid…
  5. Capital One Securities 2014 Energy Conference – Independence Contract Drilling, Inc. – slide 5
    Large Operators are Leading Unconventional Resource Capture Long-Term Investment Horizons; Capable of Drilling Through the Cycles The North American shale revolution has driven massive U.S. Unconventional Asset Deals Since 2008 by…
  6. Capital One Securities 2014 Energy Conference – Independence Contract Drilling, Inc. – slide 6
    Ongoing Resource Play Development Driving a Rig Replacement Cycle Operator Demand has Defined the Preferred Rig for Resource Exploitation = Pad Optimal Variable frequency drive allows for precise computer ICDs Standardized Fleet is Fit…
  7. Capital One Securities 2014 Energy Conference – Independence Contract Drilling, Inc. – slide 7
    Pad Optimal AC Drilling Rigs are in Short Supply Producer Demand Driving a U.S. Rig Replacement Cycle Rig Replacement Cycle Majority of the existing U.S. rig fleet is made Tremendous Increase in AC Rig Use since 2008 up of legacy…
  8. Capital One Securities 2014 Energy Conference – Independence Contract Drilling, Inc. – slide 8
    Continue to be a Low-Cost Rig Provider for the E&P Sector Vertically integrated business model provides a In-House Rig Construction Process is a Key Differentiator compounding capital advantage vs. purchasers of third-party rigs GES…
  9. Capital One Securities 2014 Energy Conference – Independence Contract Drilling, Inc. – slide 9
    ICDs Compelling Value Proposition to E&P Customers Solution to Producers Most Economically Impactful and Technically Complex Investments Core Producer ICDs Value Proposition Requirements Allows customers to drill faster and…
  10. Capital One Securities 2014 Energy Conference – Independence Contract Drilling, Inc. – slide 10
    ICD is Poised to Deliver Substantial Value to Investors Large Operators are Leading Unconventional Resource Capture ShaleDrillerTM Offers a Major Secular Shift in Compelling Value Unconventional Proposition to E&P Development…
  11. Capital One Securities 2014 Energy Conference – Independence Contract Drilling, Inc. – slide 11
    Financial Strategy and Capitalization Financial Flexibility with a Large Financial Strategy Cash Balance and Undrawn Revolver post IPO millions Maintain conservative balance sheet Target a normalized Debt/EBITDA ratio of less…
  12. Capital One Securities 2014 Energy Conference – Independence Contract Drilling, Inc. – slide 12
    ICD Financial Outlook Fastest growing contract driller: Base fleet add of 7 rigs in 2015 drives 64% growth rate in operating rigs Significant growth in rig margins: 3Q14 margin per operating day: 10,073, expected to expand as…
  13. Capital One Securities 2014 Energy Conference – Independence Contract Drilling, Inc. – slide 13

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