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Cowen and Company 4th Annual Ultimate Energy Conference – Independence Contract Drilling, Inc.

Independence Contract Drilling, Inc. · Dec 2, 2014 · 12 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. Cowen and Company 4th Annual Ultimate Energy Conference – Independence Contract Drilling, Inc. – slide 1
    Independence Contract Drilling Cowen and Company 4th Annual Ultimate Energy Conference December 2, 2014
  2. Cowen and Company 4th Annual Ultimate Energy Conference – Independence Contract Drilling, Inc. – slide 2
  3. Cowen and Company 4th Annual Ultimate 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. Cowen and Company 4th Annual Ultimate 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. Cowen and Company 4th Annual Ultimate 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. Cowen and Company 4th Annual Ultimate 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. Cowen and Company 4th Annual Ultimate 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. Cowen and Company 4th Annual Ultimate 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. Cowen and Company 4th Annual Ultimate 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. Cowen and Company 4th Annual Ultimate 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. Cowen and Company 4th Annual Ultimate 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. Cowen and Company 4th Annual Ultimate 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…

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