Skip to main content Presentation for the Howard Weil Investor Conference – Oil States International Inc. | Shale Experts
Loading...
Pm

Presentation for the Howard Weil Investor Conference – Oil States International Inc.

Oil States International Inc. · Mar 25, 2014 · 40 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. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 1
    Presentation for the Howard Weil Investor Conference March 24 & 25, 2014
  2. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 2
    Company Overview Diversified oilfield services company o Creating long-term shareholder value through strategic growth and returns on invested capital Three business segments o Accommodations o Offshore Products o Well Site…
  3. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 3
    EBITDA Contribution For the Year Ended December 31, 2013(1) Well Site Services 29% Accommodations 51% Offshore Products 20% EBITDA: 797 Million(2) (1) Excludes transaction costs and the tubular services segment…
  4. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 4
    Spin-Off Activities On July 30, 2013, Oil States announced that it would pursue the spin-off of the accommodations business (SpinCo) as a separate, public C-Corp Submitted spin-off ruling request to IRS in August 2013; received IRS…
  5. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 5
    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…
  6. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 6
    Update on Strategic Focus Areas and Outlook Accommodations update o Added 1,156 lodge/village rooms in Canada and Australia in 2013 o Announced construction of McClelland Lake Lodge supporting a new oil sands mining project under a…
  7. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 7
    Accommodations Segment Will be Renamed Upon Completion of the Spin-Off
  8. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 8
    Integrated Remote Site Accommodations Provider Lodge/ Village/ Open Camp Facility Management Operations Catering services Oil Sands lodges Housekeeping Australian mining villages Reservation management Permanent base camps…
  9. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 9
    Accommodations Regional Detail Majority of Canadian revenue and EBITDA derived from lodges All Australian revenue and EBITDA derived from villages For the Year Ended December 31, 2013 U.S. U.S. 9% 4% Australia 24% Australia…
  10. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 10
    Wapasu Creek Lodge Northeast of Fort McMurray with capacity to house 4,500 customers daily Photo as of August 2011 11
  11. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 11
    Canadian Lodges and Open Camps Oil Sands Lodges Open Camps Horn River Athabasca Lodge (1,557) Plays of Interest Beaver River Executive Lodge (1,094) Montney McClelland Lake Lodge (1,561)(1) Henday Lodge (1,698) Athbasca Oil…
  12. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 12
    The MAC Villages in Australia 13
  13. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 13
    Australia Village Locations The MAC Villages Plays of Interest AUSTRALIA Nebo Village (490) Karratha Village (208) Moranbah Village (1,240) Coppabella Village (3,048) Dysart Village (1,912) Calliope Village (300)…
  14. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 14
    Oil States Major Lodges and Villages Room Capacity Eight Major Canadian Lodges Ten Major Villages in Australia Total Room Capacity at 12/31/2013 Total Room Capacity at 12/31/2013 Lodge Rooms(1) Projects Supported Village Rooms(1)…
  15. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 15
    Offshore Products Segment
  16. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 16
    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,…
  17. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 17
    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 Livingstone, Scotland Marseille, France Houma, LA USA Houston, TX USA Las…
  18. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 18
    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…
  19. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 19
    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…
  20. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 20
    Historical Backlog and Bookings Trends (U.S. dollars in millions) 700 1,000 900 600 800 500 700 Backlog & Bookings 600 LTM Revenue 400 500 300 400 200 300 200 100 100 0 0 1Q'08 1Q'09 1Q'10…
  21. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 21
    Well Site Services
  22. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 22
    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…
  23. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 23
    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…
  24. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 24
    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…
  25. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 25
    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…
  26. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 26
    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…
  27. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 27
    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…
  28. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 28
    Conclusions
  29. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 29
    Key Drivers of Profitability Accommodations o Occupancy levels steady in Canada and weak but stabilizing in Australia o New McClelland Lake Lodge o Organic growth opportunities in Canada supporting mining, SAGD and LNG Offshore…
  30. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 30
    Actions to Enhance Shareholder Value Announced proposed spin-off of Accommodations segment in July 2013 o Two independently traded companies can fully exploit individual growth opportunities o Optimal capital structures to be…
  31. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 31
    Appendix
  32. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 32
    Earnings Mix EBITDA (1), (4) (U.S. dollars in millions) 1,000 900 232 244 800 700 203 149 600 175 500 488 107 179 433 400 114 163 361 300 165 48 92 72 100 200 93 196 88 179 67 156 100 109 36 93 53 0…
  33. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 33
    Returns Focused Annualized Quarterly Return on Gross Invested Capital (ROGIC) 30% 27.3% 25.8% 25.8% 24.8% 23.9% 25% 23.1% 22.9% 20.4% 20.8% 19.8% 20% 17.5% 16.8% 17.8% 15.1% 15% 11.8% 10.9% 10% 8.7% 5% 0%…
  34. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 34
    Accommodations Capacity Average Available Rooms in Oil Sands Lodges and Australian Villages 22,000 20,000 9,243 9,260 8,989 8,711 8,754 8,392 18,000 7,859 7,419 7,375 16,000 7,102 6,365 14,000 5,450 12,000 5,135 11,811…
  35. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 35
    Accommodations Revenues Oil sands lodges and Australian villages contribute over 75% of total segment revenues Other Accommodations Revenue primarily consisting of mobile camp revenue 350 300 250 83 86 56 64 59 46 45 63 200…
  36. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 36
    Offshore Products Select Major Backlog Awards (3Q 10 4Q 13) Customer/ Project Market Product Line Products Technip Australia SCR/TLP/Other Products Merlin Joints BP Baku Connector Products Merlin Joints Undisclosed Pipeline Project…
  37. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 37
    Strong and Improving Financial Position (U.S. in millions) 12/31/2011 12/31/2012 12/31/2013 Working Capital 1,014.7 1,307.6 1,152.1 Current Debt (1) 34.4 30.5 0.5 (1) Bank Credit Facilities/ Term Loans 365.0 273.5 0.0 6.5%…
  38. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 38
    Non-GAAP Reconciliation (US dollars in millions) For the Fiscal Year Ending December 31, 2005 2006 2007 2008 2009 2010 2011 2012 2013 Accommodations Net Income 26 53 61 83 99 106 172 253 187 Income Tax Provision 13 22 26 35 40 42…
  39. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 39
    Non-GAAP Reconciliation (US dollars in millions) FYE 12/31/13 Oil States International, Inc. Net Income, Continuing Operations 315 Income Tax Provision 120 Net Interest Expense (Income) 74 Depreciation and Amortization 276…
  40. Presentation for the Howard Weil Investor Conference – Oil States International Inc. – slide 40
    41

From the store

Browse maps, data & reports in the Shale Experts store