Superior Energy Services Cowen and Company 4th Annual Ultimate Energy Conference December 3, 2014
Company Overview
Rationale for Superior Diversified family of products Serving the drilling, completion, production and decommissioning needs of the oil and gas industry in the U.S. with a growing presence in select international markets Globally…
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The Superior WayHow We Lead The Superior Way Act Like an Owner Customer Value Big Picture Perspective Unconventional Thinking Nimble & Agile Execution Goal & Results Driven Empowered Employees Thought Leadership Passion for the…
Balanced Contribution from Diversified Product Mix Trailing 12 months ended September 30, 2014 Revenue (as Adjusted)1 Income from Operations (as Adjusted)1 4,454 million 506 million Onshore Completion Onshore and Technical…
Revenue Exposure by Geographic Market Area Segment revenue by major geographic location as a percentage of total revenue ( in millions) Gulf of Trailing 12 Months ended September 30, 2014 U.S. Land International Mexico Drilling…
Q3 2014 Results ( in millions) Q3 2014 Q2 2014 Q3 2013 Revenues 1,209 1,108 1,096 Income from Operations 162 149 125 Net Income from Continuing Operations 86 79 67 EPS from Continuing Operations 0.55 0.51 0.42 8
Performing Through Volatility ( in millions) EBITDA 2012 2013 Variance SPN 1,195 1,119 6% SPN Average Variance 6% Average Variance Large Cap Mid-Small Cap 1% 20% Large Cap Variance excluding SLB Stephens Oilfield…
Balance Sheet Strength Strong Liquidity Cash on Hand - 320M at end of Q3. Net Assets Held for Sale Approximately 200M at end of Q3. Debt Revolver - 600M undrawn. Positive Long-Term Outlook Long-Term Debt < 1.7B, with maturity…
Strategic Overview
Strategic Framework for Value Creation Compete in 150 billion of total market globally with diverse product line Continuous portfolio optimization to ensure a balance between returns and growth Be in good businesses Continuous…
Strategy Execution: U.S. Land Markets Near-Term Outlook Increasing completions intensity; supply chain management challenges Oil price decline will result in E&P spend adjustment Right-size businesses Key Strategies…
Strategy Execution: Gulf of Mexico Near-Term Outlook Monthly Deep Water New Well Permits(1) Deep water drilling activity to be flat; shelf activity 25 down 20 3-year pre-spill 15 average: 7/mo. Strong backlog of completions…
Strategy Execution: International A focused, disciplined approach to international expansion Market Considerations Capabilities Alignment Competitive Landscape STRETCH Geopolitical Considerations Financial Return Forecast HOT…
Legacy Markets Legacy Markets: United Kingdom, Norway, Continental Europe, Mexico, Trinidad, Ecuador, Peru Represents approximately 35% of international revenue 16
Core Markets Core Markets: Argentina, Brazil, Colombia, Australia, Indonesia, Malaysia, Saudi Arabia, Kuwait, India Represents approximately 40% of international revenue 17
Hot Spot Markets Hot Spot Markets: Ghana, Angola, Nigeria, Thailand, Gabon Represents approximately 10% of international revenue 18
Stretch Markets Stretch Markets: Kurdistan, Russia, China, Egypt, Libya, Algeria Represents less than 2% of international revenue 19
Capital Allocation Capital Expenditures 2014 Capital Expenditures by Segment Drilling 2014: 600 million to 650 million Technical Products Solutions and Growth capex for GOM and international; 18% Services 40% primarily…
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