Slide 1: Second Quarter 2022 Financial Summary and Corporate Overview
RPC, Inc. Second Quarter 2022 Financial Summary and Corporate Overview July 27, 2022
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS 2 Certain statements and information included in this discussion constitute "forward - looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including all statements that look forward in time or express management’s beliefs, ex pec
Slide 3: RPC at a Glance
RPC AT A GLANCE 3 • NAM Land – focused oilfield services provider that offers a variety of services to major and independent exploration and production customers • Long - term orientation with a proven ability to manage through numerous oilfield cycles. • Conservative balance sheet 0% 10% 20% 30% To
Slide 4: 2nd Quarter 2022 Financial Highlights
Second Quarter and YTD 2022 Compared to Prior Quarter • Revenues increased 32% • Net Income increased to $46.9 million compared to $15.1 million • EBITDA increased 87% • EPS increased by > 200% Quarterly Dividend • $0.02 quarterly dividend reinstated. First dividend since 2019. 2nd Quarter 2022 Fina
Slide 5: RPC's Position in the NAM Land Market
RPC’S POSITION IN THE NAM LAND MARKET 5 56% 10% 5% 5% 3% 17% RPC YTD Revenues by Basin Permian Mid Con Eagle Ford Marcellus / Utica Haynesville / Fayetteville Other (Int'l and GOM) 46% 11% 10% 19% 6% 8% YTD U.S. Land Well Completions by Basin Permian Eagle Ford Marcellus / Utica Bakken / Niobrara Ha
Slide 6: Pressure Pumping
• 9 active horizontal fleets and 2 active vertical fleets at end of Q2 2022 • Permian Basin, Mid - Continent market presence • Currently refurbishing a legacy fleet with ESG - friendly upgrades. • Additional legacy fleet could be reactivated 2H 2022. • New replacement fleet ordered for 1H 2023 • 48%
Slide 7: Downhole Tools
• ThruTubing Solutions provides services and tools used in unconventional completion operations • Specialization in efficiently executing key services required in multi - stage completions in unconventional wells • Proprietary tools and technology • Strong market share • 26% of consolidated YTD 2022
Slide 8: Coiled Tubing
• 17 units of 2 3/8” or greater in diameter for completion applications. Meaningful market share in this category • 12 smaller units for workover • 10% of consolidated 2022 YTD revenue COILED TUBING 8
Slide 9: Other Service Lines
• Nitrogen – 3% of YTD revenue. Used in a variety of oilfield applications • Rental Tools – 4% of YTD revenues • Well Control – 2% of YTD revenue. Worldwide provider of blowout and other well control services • Snubbing / Hydraulic Workover – 2% of YTD revenue. Legacy workover applications as well a
Slide 10: Non-GAAP EBITDA Reconciliation
Non - GAAP EBITDA Reconciliation 10 Periods ended, (Unaudited) June 30, 2022 March 31, 2022 June 30, 2021 June 30, 2022 June 30, 2021 (In thousands) Reconciliation of Net Income (Loss) to EBITDA Net Income (Loss) $ 46,939 $ 15,079 $ (726) $ 62,018 $ (10,388) Add: Income tax provision (benefit) 13,46
Slide 11: Contact Us
Operational Headquarters : The Woodlands, Texas Corporate Headquarters: 2801 Buford Highway NE Suite 300 Atlanta, GA 30329 (404) 321 - 2140 IRDept@RPC.net RPC.net CONTACT US 11