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BUSINESS REVIEW – Parker Drilling Co.

Parker Drilling Co. · Mar 25, 2015 · 20 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. BUSINESS REVIEW – Parker Drilling Co. – slide 1
    Business Review March 2015
  2. BUSINESS REVIEW – Parker Drilling Co. – slide 2
    Strategic Focus Be the premier supplier of rental Operational execution tools and drilling services to the U.S. and international markets Reduce customers operating risks and operating costs Develop paths for growth Financial…
  3. BUSINESS REVIEW – Parker Drilling Co. – slide 3
    Business Segments Drilling Rental Tools U.S. Barge Drilling U.S. Drilling International Drilling Technical Services 4
  4. BUSINESS REVIEW – Parker Drilling Co. – slide 4
    Balanced Business Mix: Drilling Services and Rental Tools 2014 Revenues by Line of Business 2014 Gross Margin by Line of Business 46% 36% Rental Tools 24% 37% Rental Tools International International Drilling Drilling 14%…
  5. BUSINESS REVIEW – Parker Drilling Co. – slide 5
    Revenues Diversity 2014 Revenues by Geography 1 2014 Revenues by Customer Type 19% Asia-Pacific 1 50% 40% 20% 50% Independents Major Intl and United States & Regionals Natl E&P Middle East / Africa Companies 9% 10% 2%…
  6. BUSINESS REVIEW – Parker Drilling Co. – slide 6
    Operating Locations 15 Drilling Rigs 4 Rental Tools Locations Alaska 2 land England GOM 13 barge Netherlands Scotland - 2 9 Rental Tools Locations New Iberia, LA Williston, ND U.K./Europe Enid, OK Houston, TX Odessa,TX Texarkana,…
  7. BUSINESS REVIEW – Parker Drilling Co. – slide 7
    Rental Tools Overview Unique Operating Strengths A leading supplier in U.S. land, U.S. offshore and international markets Strong growth in up cycles, resilient operating margins in down cycles A solid international platform with major…
  8. BUSINESS REVIEW – Parker Drilling Co. – slide 8
    Drilling Overview Unique Operating Strengths Market Coverage Highly capable fleet to meet challenging U.S. Gulf of Mexico Inland Waters drilling requirements 13 barge rigs O&M contracts leverage drilling experience Diverse and…
  9. BUSINESS REVIEW – Parker Drilling Co. – slide 9
    Worldwide Drilling Revenue Backlog1 Total Contracted Backlog 1 Backlog by Type of Service ( millions) 300 O&M 200 Parker-owned Rigs 170 Recent Contracts O&M contract - 2 extended reach drilling rigs: offshore Abu Dhabi…
  10. BUSINESS REVIEW – Parker Drilling Co. – slide 10
    U.S. Barge Drilling Overview Unique Operating Strengths Largest and most diverse marketed drilling barge fleet in the Gulf of Mexico Preferred contractor with reputation for delivering safe, efficient performance with high quality…
  11. BUSINESS REVIEW – Parker Drilling Co. – slide 11
    Barge Dayrates and Utilization PKD Barge PKD Barge Avg. Dayrate Utilization % 50,000 100% 45,000 90% 40,000 80% 35,000 70% 30,000 60% 25,000 50% 20,000 40% 15,000 30% 10,000 20% 5,000 10% 0 0% 1Q 2Q 3Q 4Q 1Q 2Q 3Q…
  12. BUSINESS REVIEW – Parker Drilling Co. – slide 12
    U.S. Drilling Overview New Design Arctic-class Drilling Rigs 3-Platform O&M Project Safety-engineered, innovative Applies Parkers drilling expertise, equipment package experience and safety practices Rigs operating under long-term…
  13. BUSINESS REVIEW – Parker Drilling Co. – slide 13
    International Drilling Overview Unique Operating Strengths Premium quality, higher h.p. fleet with trained, experienced rig operators and management personnel for demanding applications O&M contracts employing Parker expertise and…
  14. BUSINESS REVIEW – Parker Drilling Co. – slide 14
    Technical Services Overview Unique Operating Strengths Experience-based development of innovative solutions to challenging drilling programs Long-term partnerships often lead to O&M contracts Technology conduit for other Parker…
  15. BUSINESS REVIEW – Parker Drilling Co. – slide 15
    Cash Flow and Capital Spending 250 226 190 200 200 161 150 58 102 104 47 100 77 95 62 62 50 26 25 32 26 (millions) 0 2011 2012 2013 2014 Rig Up-Keep Rental Tools Major Projects Operating Cash Flow Estimated…
  16. BUSINESS REVIEW – Parker Drilling Co. – slide 16
    Debt & Liquidity Financial Position (12/31/14) Debt-to-Total Capital 50.8% 267MM in Liquidity 1 Proforma for January 2015 Credit Facility 48.0% Debt maturity schedule 47.0% 225MM 7-1/2% Sr. Unsecured Notes due 2020 44.8% 360MM…
  17. BUSINESS REVIEW – Parker Drilling Co. – slide 17
    Appendix 18
  18. BUSINESS REVIEW – Parker Drilling Co. – slide 18
    U.S. RENTAL TOOLS UTILIZATION Utilization Index: Inventory 2005 - 2006 = 100 ( millions) 200 400 175 350 150 300 125 250 100 200 92.9 95.3 95.8 92.6 90.4 92.0 90.2 91.7 90.3 89.7 75 86.0 85.4 150 74.3 50 100…
  19. BUSINESS REVIEW – Parker Drilling Co. – slide 19
    GULF OF MEXICO BARGE RIG FLEET STATUS INTERMEDIATE DRILLING BARGE RIGS, MARKETED Rated 1Q'14 2Q'14 3Q'14 4Q'14 February RIG Depth JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR RIG 8B 14,000' 8B 15B 15,000' 15B 20B…
  20. BUSINESS REVIEW – Parker Drilling Co. – slide 20
    INTERNATIONAL DRILLING RIG FLEET STATUS INTERNATIONAL RIG LATIN AMERICA COMMITMENTS CURRENT 1Q'14 2Q'14 3Q'14 4Q'14 February 2014 2015 RIG HP LOCATION JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR 4Q 1Q 2Q 3Q 121 2,000…

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