GHS 100 Energy Conference June 2014 2013 Tesco Corporation. All rights reserved.
Our Vision To become our customer's strategic partner in eliminating NonProductive Time (NPT) 2013 Tesco Corporation. All rights reserved. NASDAQ: TESO 3
What Do We Do Drilling Mechanization Leader Top Drive Systems Automated Pipe Running Products 2013 Tesco Corporation. All rights reserved. NASDAQ: TESO 4
Business Segments REVENUE (M) 2013 Total: 525 TOP DRIVES Tubular - Sales Services TD Sales 214 127 - Rental TD Rentals TD AMSS - Aftermarket Sales and Service 59 125 TUBULAR SERVICES - Conventional Casing Running -…
Majority of Revenue Internationally REVENUE (M) 2013 Russia Total: 525 94 US EAME 150 60%+ of Revenue from 47 outside North America Canada 48 All business units Asia Pacific 55 Latin America contribute positive 131…
2014-2018 Strategy The Global Alternative 2013 Tesco Corporation. All rights reserved.
Five Year Plan Objectives Invest aggressively in the business and return cash to shareholders Generate free cash flow and invest in the business first Incremental Deliver ROCE* Achieve profitability in greater than 20%…
Balanced Reinvestment Strategy Strong free cash flow generation is key to the strategy 250 million in capital spending, primarily 250 million in bolton for Tubular acquisitions Services Approximately 650 expansion million…
How Do We Get There Utilize our foundation to drive growth Effective Cash Deployment Highly Differentiated Leverage Execution Global Excellence Infrastructure (QHSE) 2013 Tesco Corporation. All rights…
How Do We Get There Aggressive growth through accelerated investments Growth: Substantial growth in Tubular Services, AMSS and new product sales Expand Tubular Service business offshore from 15% to over 30% of revenue…
How Do We Get There Higher margins through operational discipline Execution Excellence: Continuously improve our supply chain to reduce costs in excess of 10% Leverage new opportunities with global platform lower Corp/SGA as a…
Our Future Platform Two core businesses, one platform, significant synergies TOP DRIVE TUBULAR SERVICES PRODUCT SALES AMSS RENTALS Current Offering Current Offering Current Offering Current Offering CDSCentric TS with Top…
Tubular Services Execution Plan Driving Revenue Per Job Take proven performance from current GOM and Asia TUBULAR Offshore Offering Pacific and expand globally to generate more than SERVICES 30% of revenue from offshore…
Top Drive Execution Plan Driving Revenue per Rig Expanded Product Additional rig mechanization products into the TD/Other Products Portfolio portfolio Expanded Service Offerings Service high downtime customer rig…
A World of Opportunities Europe & Russia North America Be the largest provider of top Become the largest TS drives sales into this market company Capture a solid number three Provide bestinclass pipe position in offshore TS…
Market Penetration Building from low market share substantial room to grow 4,000 3,600 3,500 2013 Market 3,000 2013 Revenue 2,500 Millions 2,000 2018 Revenue 2,000 1,500 1,000 700 600 500 0 Tubular Services…
Acquisition Proximity Chart Staying True to our Core Workover 2013 Core Business Fishing Services Package 524 Million Product Offshore Package Sales + Pipe Inspection Handling Services Equipment Product + EHM/ARC…
Balance Sheet Targets Optimal balance sheet utilization Leverage required to fund growth and shareholder returns projected to be less than 1X EBITDA Use of global cash will be optimized for tax efficiency ROCE increasing from…
Profitability Targets First Quartile Shareholder Returns Tubular Other Top Drive Services Costs Revenue growth 20% Revenue growth 10% per year per year R&D as % of revenue approximately 1.5% to 2.0% Operating income…
GHS 100 Energy Conference June 2014 2013 Tesco Corporation. All rights reserved.
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