Agenda 2015 Perspective Superior Overview Operational Platform Financial Position
SPN 2015 Outlook = Well Positioned Downturns inevitable in cyclical business Build cash and maintain liquidity Reduced leverage, improved cost of capital Organizational structure designed to respond quickly How long will this…
Diversified Service Provider SPN Is The Only Mid-Sized, Diversified Service Provider Fifth largest diversified oil field services company Product lines deployed across U.S. Land, Gulf of Mexico and International markets Investment…
Products & Services Onshore Completion Drilling Products Production Services Technical Solutions & Workover Services Accommodations Horizontal Well Fracturing Coiled Tubing Pressure Control Services Completion Tools & Premium…
Our Approach Product / Service Line Suitability Are we the best owners of a business Is it exportable Can it generate acceptable returns If yes, expandif no, limit capex and explore alternatives Capital Deployment Pursue organic…
International Expansion A focused, disciplined approach to international expansion HOT LEGACY CORE SPOTS HOT U.K. Argentina Ghana SPOTS Norway Brazil Angola Risk Cont. Europe Colombia Nigeria Mexico Australia Thailand…
Core International Markets SA IN CO MY ID BR AU AR Core Markets 8
U.S. Land Markets Near-TermOutlook Near-Term Outlook KeyStrategies Key Strategies Respond to market Respond withwith costcost reductions Pricing: Different tactics in different product to market reductions Pricing: Different…
Gulf of Mexico Near-Term Outlook Right Size shelf-related businesses Flat deep-water market for drilling products and completions through first half of 2015 Transfer assets to international opportunities Key Strategies…
Capitalization ( in Millions) 12/31/2014 12/31/2010 Cash 393 51 Bank Borrowings - 175 Sr Notes due 2014 - 300 Sr Notes due 2014 - 400 Sr Notes due 2019 500 - Sr Notes due 2021 800 - Term Loan due 2017 345 - Stockholder's Equity…
Balance Sheet Strength Liquidity Flexibility Approximately 1 billion as of 12/31/14 2015 Capital Expenditures reduced at least Cash on hand 393 million as of 12/31/14 35% from 2014 levels Low levels of maintenance capital required…
Well Positioned Prepared for extended market downturn Diversified geographically and across product lines Targeted organic growth and acquisition strategies Demonstrated execution of international growth Strong financial…
Appendix
Balanced Contribution from Diversified Product Mix Revenue Income from Operations 4,457M 547M Onshore Completion Onshore Completion Technical and Workover Technical and Workover Solutions Services Solutions Services 12% 38%…
Revenue Exposure by Geographic Market Area ( in Millions) Segment revenue by major geographic location as a percentage of total revenue U.S. Land Gulf of Mexico International Drilling Products & Services 323 (7%) 376 (8%) 225…
Quarterly Results Comparison (in millions) Q4 2014 Q3 2014 Q4 2013* Revenues 1,179 1,209 1,076 Income (loss) from Operations 143 162 (203) Net Income (loss) from Continuing Operations 73 86 (177) EPS from Continuing…