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Scotia Howard Weil 43rd Annual Energy Conference – Parker Drilling Co.

Parker Drilling Co. · Mar 25, 2015 · 17 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. Scotia Howard Weil 43rd Annual Energy Conference – Parker Drilling Co. – slide 1
    Management Presentation Gary G. Rich, Chairman, President & Chief Executive Officer Scotia Howard Weil 43rd Annual Energy Conference March 25, 2015
  2. Scotia Howard Weil 43rd Annual Energy Conference – 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. Scotia Howard Weil 43rd Annual Energy Conference – Parker Drilling Co. – slide 3
    Customers Best Partner in Minimizing Operating Costs and Mitigating Operational Risks Innovative Reliable Efficient Well Cost Drilling Performance 100% Operating Days Casing 1 29 57 85 0 80% Well Depth (Thousands of feet)…
  4. Scotia Howard Weil 43rd Annual Energy Conference – Parker Drilling Co. – slide 4
    Track Record of Growth Rental Tools Drilling GOM Offshore Barge Drilling O&M Revenues (millions) 80 Acquired Rig 30B Awarded 2-rig extended- Reactivated Rig 55B reach drilling contract in CAGR = 24% 60 Abu Dhabi Awarded Berkut…
  5. Scotia Howard Weil 43rd Annual Energy Conference – Parker Drilling Co. – slide 5
    Strong Customer Group 2014 Revenues by Customer Type Key Customers Major International E&P Companies 50% 40% Independents & Regionals 10% Integrated Service Providers 6
  6. Scotia Howard Weil 43rd Annual Energy Conference – Parker Drilling Co. – slide 6
    Premier Supplier of Rental Tools and Drilling Services 2014 Revenues by Business 2014 Revenues by Geography 36% Rental Tools 50% United States 64% Drilling 50% International 7
  7. Scotia Howard Weil 43rd Annual Energy Conference – Parker Drilling Co. – slide 7
    Rental Tools Geography Rentals Well-site Services Yard Services U.S. Rental Tools Tubular Rental 64%* Pressure Control International Tubular Rental Tubular Running Machine Shop Rental Tools Pressure Control Fishing & Reentry…
  8. Scotia Howard Weil 43rd Annual Energy Conference – Parker Drilling Co. – slide 8
    U.S. Rental Tools Nine Locations Serving Key Drilling Markets Williston, ND Williston Basin (2007) Evanston, WY Uinta Basin (2002) Morgantown, WV Marcellus & Utica Shales (2008) Enid, OK Mid-Continent (2013) U.S.…
  9. Scotia Howard Weil 43rd Annual Energy Conference – Parker Drilling Co. – slide 9
    U.S. Rental Tools Utilization 1 & Yield 2 GOM Offshore Revenue Utilization Index Yield (millions) 120 120% 70 60 CAGR = 24% 100 100% 50 80 80% 40 60 60% 30 40 40% 20 20 20% 10 - 0% 0 2010 2011 2012 2013…
  10. Scotia Howard Weil 43rd Annual Energy Conference – Parker Drilling Co. – slide 10
    International Rental Tools 2014 Revenues by Geography Gross Margin Trend 50% UK / Asia - Europe Pacific 40% 20% 18% 30% Latin 13% 20% America 10% 49% Middle East / Africa 0% 3Q'13 4Q'13 1Q'14 2Q'14 3Q'14 4Q'14 Long…
  11. Scotia Howard Weil 43rd Annual Energy Conference – Parker Drilling Co. – slide 11
    Drilling 2014 Revenues by Geography Total Contracted Backlog 3 millions Asia-Pacific 2 United States 300 29% 42% 200 18% 170 Caspian 11% Middle East Latin America 2014 Revenues by Service Type 1 O&M 2015 2016 2017+…
  12. Scotia Howard Weil 43rd Annual Energy Conference – Parker Drilling Co. – slide 12
    Domestic Drilling U.S. Barge: Dayrate & Utilization U.S. Drilling: Gross Margin Avg. Dayrate Utilization % Gross Margin % Revenues 50,000 100% 40% 40,000 80% 30% 30,000 60% 20% 20,000 40% 10% 10,000 20% 0 0% 0% 1 1…
  13. Scotia Howard Weil 43rd Annual Energy Conference – Parker Drilling Co. – slide 13
    International Drilling Core Markets Rig Fleet Utilization 100% 70% 75% 60% 48% 49% 50% 25% 0% 2011 2012 2013 2014 Sakhalin Russia 1 Caspian Sea 5 3 Middle East 1 3 1 2 6 Latin 3 America 2 1 2 Location and…
  14. Scotia Howard Weil 43rd Annual Energy Conference – Parker Drilling Co. – slide 14
    Current Business Focus Lower cost base Sustain utilization Manage cash and liquidity Preserve ability to respond to opportunities 15
  15. Scotia Howard Weil 43rd Annual Energy Conference – Parker Drilling Co. – slide 15
    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…
  16. Scotia Howard Weil 43rd Annual Energy Conference – Parker Drilling Co. – slide 16
    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…
  17. Scotia Howard Weil 43rd Annual Energy Conference – Parker Drilling Co. – slide 17

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