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INVESTOR PRESENTATION – Oil States International Inc.

Oil States International Inc. · May 1, 2014 · 27 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. INVESTOR PRESENTATION – Oil States International Inc. – slide 1
    Investor Presentation May 2014
  2. INVESTOR PRESENTATION – Oil States International Inc. – slide 2
    Current Spin-Off Activities Oil States Board approved spin-off of Civeo Filed Amendment 5 to Form 10 on May 8, 2014 and was declared effective Finalized 750 million distribution from Civeo to Oil States to help fund senior notes…
  3. INVESTOR PRESENTATION – Oil States International Inc. – slide 3
    Company Overview Diversified oilfield services company o Creating long-term shareholder value through strategic growth and returns on invested capital Two business segments o Offshore Products o Well Site Services Two primary…
  4. INVESTOR PRESENTATION – Oil States International Inc. – slide 4
    Oil States Post Spin Will consist of Offshore Products and Well Site Services Focused on delivering technology and solutions to the growing deepwater capital equipment and North American shale play markets Becomes a pure play energy…
  5. INVESTOR PRESENTATION – Oil States International Inc. – slide 5
    Update on Strategic Focus Areas and Outlook Offshore Products segment o Strong backlog level at March 31, 2014 o Market demand favors our proprietary products for deepwater production platforms (FPSOs & TLPs) and subsea pipelines,…
  6. INVESTOR PRESENTATION – Oil States International Inc. – slide 6
    Offshore Products Segment
  7. INVESTOR PRESENTATION – Oil States International Inc. – slide 7
    Driven by Worldwide Deepwater Capital Spending Floating Production Facilities (FPSOs, TLPs and Spars) o Steel catenary riser connectors and receptacles o TLP tendon connectors o Riser tensioning equipment o Welding technology,…
  8. INVESTOR PRESENTATION – Oil States International Inc. – slide 8
    Global Breadth of Operations Arlington, TX USA Bathgate, Scotland Lampasas, TX USA Barrow, England Houston, TX USA OKC, OK USA Baku, Azerbaijan Tulsa, OK USA Livingston, Scotland Marseille, France Houma, LA USA Houston, TX USA Las…
  9. INVESTOR PRESENTATION – Oil States International Inc. – slide 9
    Potential Content Opportunities Floating Production System (FPS) spending for 2013 to 2017 forecasted to grow to 72 billion, an increase of 88% compared to preceding five year period Asia, Australia and Latin America are forecasted to…
  10. INVESTOR PRESENTATION – Oil States International Inc. – slide 10
    FPSO and Subsea Tieback Content Steel Catenary Riser (SCR) Free Standing Hybrid Riser (FSHR) Deck Equipment Subsea FlexJoints Upper Riser Assembly Cranes Spread Mooring Systems Receptacles Bend Stiffeners Mooring Winches…
  11. INVESTOR PRESENTATION – Oil States International Inc. – slide 11
    Historical Backlog and Bookings Trends (U.S. dollars in millions) 700 1,000 900 600 800 500 700 Backlog & Bookings 600 400 LTM Revenue 500 300 400 200 300 200 100 100 0 0 1Q'08 1Q'09 1Q'10…
  12. INVESTOR PRESENTATION – Oil States International Inc. – slide 12
    Offshore Products Select Major Backlog Awards (3Q 10 1Q 14) Customer/ Project Market Product Line Products Technip Australia SCR/TLP/Other Products Merlin Joints BP Baku Connector Products Merlin Joints Undisclosed Pipeline Project…
  13. INVESTOR PRESENTATION – Oil States International Inc. – slide 13
    Well Site Services
  14. INVESTOR PRESENTATION – Oil States International Inc. – slide 14
    Well Site Services Drilling Completion Services Wireline Pressure Well Drilling Coiled tubing Pumping Flowback Testing Own and operate 34 Wireline, coiled tubing and gravel pack support Well testing and land drilling rigs in…
  15. INVESTOR PRESENTATION – Oil States International Inc. – slide 15
    Oil States Completion Services Offering Frac Stacks Sand Control Frac Valves Manifolds Isolation Tools Wash Pipe Tool Baskets Ball Catchers Sand Knockout Units Casing Isolation Tools Thru Tubing Handling Equipment Frac Heads BOPs…
  16. INVESTOR PRESENTATION – Oil States International Inc. – slide 16
    Broad North American Coverage In addition, operating in over 20 other countries worldwide Canada Calgary, Grande Prairie Medicine Hat, Red Deer Rockies Williston, Dickinson, Casper, Rock Springs, Vernal, Berthoud, Kent…
  17. INVESTOR PRESENTATION – Oil States International Inc. – slide 17
    Complex Completions Driving U.S. Spending and Activity Complex shale well completions, drilling rig efficiency and pad drilling are decoupling U.S. rig count from completion activity With our market presence in all major U.S. shale…
  18. INVESTOR PRESENTATION – Oil States International Inc. – slide 18
    Completion Services Margin Performance With a broad market presence across all major U.S. shale plays coupled with a focus on high-end proprietary technology, our completion services business is performing well compared to other North…
  19. INVESTOR PRESENTATION – Oil States International Inc. – slide 19
    U.S. Drilling and Completions Outlook Number of new wells expected to be drilled between 2013 and 2015 projected to increase by 3% over the two year period Footage drilled is estimated to increase 10% over the next two years (2015E…
  20. INVESTOR PRESENTATION – Oil States International Inc. – slide 20
    Conclusions
  21. INVESTOR PRESENTATION – Oil States International Inc. – slide 21
    Key Drivers of Profitability Offshore Products o Strong backlog levels at March 31, 2014 (578 million) o Robust outlook for deepwater capital equipment bookings o Continued international expansion o Bolt-on acquisition, QCS, closed…
  22. INVESTOR PRESENTATION – Oil States International Inc. – slide 22
    Actions to Enhance Shareholder Value Opportunities to return cash to shareholders o Repurchased over one million shares of common stock in first quarter 2014 o 235 million remained available under current authorization as of our…
  23. INVESTOR PRESENTATION – Oil States International Inc. – slide 23
    Appendix
  24. INVESTOR PRESENTATION – Oil States International Inc. – slide 24
    Earnings Mix EBITDA (1), (4) (U.S. dollars in millions) 500 450 253 244 400 232 350 300 203 179 250 163 165 200 114 182 175 150 149 48 88 100 107 100 93 92 67 72 50 36 0 2005 2006 2007 2008 2009 2010…
  25. INVESTOR PRESENTATION – Oil States International Inc. – slide 25
    Strong and Improving Financial Position (U.S. in millions) 12/31/2012 12/31/2013 3/31/2014 Working Capital 1,307.6 1,152.1 1,055.3 Current Debt (1) 30.5 0.5 0.5 (1) Bank Credit Facilities/ Term Loans 273.5 0.0 0.0 6.5% Senior…
  26. INVESTOR PRESENTATION – Oil States International Inc. – slide 26
    Non-GAAP Reconciliation (US dollars in millions) For the Fiscal Year Ending December 31, LTM 2005 2006 2007 2008 2009 2010 2011 2012 2013 3/31/14 Well Site Services Net Income 37 90 83 53 (97) 23 80 94 80 83 Income Tax Provision…
  27. INVESTOR PRESENTATION – Oil States International Inc. – slide 27
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