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Capital One Securities Energy Conference – Oil States International Inc.

Oil States International Inc. · Dec 11, 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. Capital One Securities Energy Conference – Oil States International Inc. – slide 1
    Presentation for the Capital One Securities Energy Conference December 11, 2014
  2. Capital One Securities Energy Conference – Oil States International Inc. – slide 2
    Company Overview Pure-play oilfield services company o Strong revenues and EBITDA growth o Creating long-term shareholder value through strategic growth and returns on invested capital Two business segments o Offshore Products o…
  3. Capital One Securities Energy Conference – Oil States International Inc. – slide 3
    Oil States Today Consists 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 Pure play energy services company…
  4. Capital One Securities Energy Conference – Oil States International Inc. – slide 4
    Strong History of Growth EBITDA (1), (4) (U.S. dollars in millions) 600 500 273 400 244 232 300 203 200 212 114 175 149 48 100 107 92 72 0 2009 2010 2011 2012 (2) 2013 (3) LTM (4) Offshore Products…
  5. Capital One Securities Energy Conference – Oil States International Inc. – slide 5
    Update on Strategic Focus Areas and Outlook Offshore Products segment o Strong backlog level at September 30, 2014 (543 million) o Market demand favors our proprietary products for deepwater production platforms (FPSOs and TLPs) and…
  6. Capital One Securities Energy Conference – Oil States International Inc. – slide 6
    Offshore Products Segment
  7. Capital One Securities Energy Conference – 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. Capital One Securities Energy Conference – Oil States International Inc. – slide 8
    Global Breadth of Operations Aberdeen, Scotland Arlington, TX USA Lampasas, TX USA Bathgate, Scotland Houston, TX USA Barrow, England OKC, OK USA Baku, Azerbaijan Tulsa, OK USA Marseille, France Houma, LA USA Houston, TX USA Vietnam…
  9. Capital One Securities Energy Conference – Oil States International Inc. – slide 9
    Potential Content Opportunities Floating Production System (FPS) spending for 2014 to 2018 forecasted to grow at an 8.6% CAGR to 79 billion Latin America and West Africa will account for nearly 50% of global spending followed by…
  10. Capital One Securities Energy Conference – 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. Capital One Securities Energy Conference – 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. Capital One Securities Energy Conference – Oil States International Inc. – slide 12
    Offshore Products Select Major Backlog Awards (Jan 13 Sept 14) Major backlog awards over the past 21 months that are over 10 million: Customer/ Project Market Product Line Products Technip Australia SCR/TLP/Other Products Merlin…
  13. Capital One Securities Energy Conference – Oil States International Inc. – slide 13
    Well Site Services
  14. Capital One Securities Energy Conference – Oil States International Inc. – slide 14
    Well Site Services Drilling Completion Services Wireline/ Frac/Pressure Well Drilling Coiled Tubing Pumping Flowback Testing Support Support Own and operate 34 Wireline, coiled tubing and gravel pack support Well testing and land…
  15. Capital One Securities Energy Conference – 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. Capital One Securities Energy Conference – Oil States International Inc. – slide 16
    Broad North American Coverage = OSES Location Region Locations Northeast 5 Mid-Con 8 TexLa 8 S. Texas, Permian 11 Gulf Coast 7 Rockies 6 Manufacturing 3 Corporate 2 Total 50 17
  17. Capital One Securities Energy Conference – 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. Capital One Securities Energy Conference – 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. Capital One Securities Energy Conference – Oil States International Inc. – slide 19
    U.S. Drilling and Completions Outlook The recent pull-back in oil prices has resulted in lower expectations for drilling and completions activity heading into 2015 While new wells drilled are anticipated to be down 16% y/y, new…
  20. Capital One Securities Energy Conference – Oil States International Inc. – slide 20
    U.S. Drilling and Completions Outlook Total footage to be drilled in 2015 is expected to be down 10% y/y; however, non-vertical footage drilled is estimated to be down 6% y/y Service intensity and increased number of frac stages are…
  21. Capital One Securities Energy Conference – Oil States International Inc. – slide 21
    Conclusions
  22. Capital One Securities Energy Conference – Oil States International Inc. – slide 22
    Key Drivers of Profitability Offshore Products o Strong backlog levels at September 30, 2014 (543 million) o Robust outlook for future deepwater capital equipment bookings o Continued focus on international expansion o Bolt-on…
  23. Capital One Securities Energy Conference – Oil States International Inc. – slide 23
    Oil States Post Spin-Off of Civeo Transformed into a technology-focused, pure-play oilfield services company o Offshore Products: deepwater capital equipment o Well Site Services: complex shale play development Growth potential with…
  24. Capital One Securities Energy Conference – Oil States International Inc. – slide 24
    Appendix
  25. Capital One Securities Energy Conference – Oil States International Inc. – slide 25
    Strong Financial Position (USD in millions, except percentages and ratios) 26
  26. Capital One Securities Energy Conference – Oil States International Inc. – slide 26
    Non-GAAP Reconciliation USD in millions For the Three Months Ending, LTM 12/31/13 3/31/14 6/30/14 9/30/14 9/30/14 Oil States International, Inc. Net Income (Loss) 45 35 (24) 58 114 Income Tax Provision (Benefit) 14 18 (14) 32 51…
  27. Capital One Securities Energy Conference – Oil States International Inc. – slide 27
    29

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