Key Energy Services Inc · OTC:KEGX
Key Energy Services — Johnson Rice Energy Conference 2015
14 slides from Key Energy Services's conference presentation, Sep 29, 2015
Slide 1: Johnson Rice Energy Conference
Johnson Rice Energy Conference September 30, 2015 Dick Alario Chief Executive Officer Exhibit 99.1
Slide 2: Forward-looking statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements as to matters that are not of historic fact are forward-looking statements. The forward-looking statements include a description of our intention to con
Slide 3: Company-wide reorganization and reallocation of resources
+ Company-wide reorganization and reallocation of resources to optimize revenue pull-through opportunities, push decision making authority closer to the field and rationalize support cost structure + Functional Support headcount now down 50% since the beginning of 2015 for an aggregate annual run-ra
Slide 4: Key's core production enhancement business
Key’s core production enhancement business is primarily focused on extending the life and ultimate recovery of a well through-out the majority of a well’s life; the recurring demand for Key’s services yields a less volatile business model as compared to drilling & completion services Life-Cycle of a
Slide 5: Growth in horizontal wellbore population in a moderated oil price environment
Even in a moderated oil price environment expected growth in the population of horizontal wellbores and the continued aging of the existing horizontal wellbore inventory provides for meaningful growth opportunities in Key’s core business HZ Oil Wells in Production (000’s) HZ Oil Wells >4 Years Old (
Slide 6: Counter-cyclical trends have emerged
Counter-cyclical trends have emerged as operators look to “protect the base” of existing production; Key holds a market-leading position with assets most capable to respond to the demand for return-accretive activities in the horizontal wellbore Class 4 Rigs by Market – Production Hours Source: Key
Slide 7: A sharpened focus on the Lower 48
Note: All figures in USD millions. A sharpened focus on the Lower 48 combined with a newly-optimized organizational structure to take advantage of our regional footprint should yield top-line and cost synergies as we execute our strategy around production enhancement
Slide 8: Permian Asset Base
Source: Key Energy Services, Inc. (1) Asset figures represent average marketed assets during Q2 2015. (2) Represents top customers as measured by revenue for Q2 2015. Permian Asset Base (1) + Well Service Rigs – + Coiled Tubing Units – + Fluid Trucks – + Salt Water Disposal Wells – + Frac Tanks – To
Slide 9: West Coast Asset Base
Source: Key Energy Services, Inc. Note: Service location guide found on ‘Permian Basin’ slide. (1) Asset figures represent average marketed assets during Q2 2015. (2) Represents top customers as measured by revenue for Q2 2015. West Coast Asset Base (1) + Well Service Rigs – + Coiled Tubing Units –
Slide 10: Rockies Asset Base
Source: Key Energy Services, Inc. Note: Service location guide found on ‘Permian Basin’ slide. (1) Asset figures represent average marketed assets during Q2 2015. (2) Represents top customers as measured by revenue for Q2 2015. Rockies Asset Base (1) + Well Service Rigs – + Coiled Tubing Units – N/M
Slide 11: jooUs doUR]eG+
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Slide 12: Optimized organizational structure to take advantage of operating leverage
+ Optimized organizational structure to take advantage of inherent operating leverage + Significant cost cuts to stem cash burn + Evidence of counter-cyclical demand growth in core business + Strong market share in growing market segment + Well-positioned geographically to take advantage of market r
Slide 13: We are the leader in onshore, rig-based well services
+ We are the leader in onshore, rig-based well services + We have a strong reputation as a production- enhancement service provider + We are well-positioned to benefit from long-term secular trends + We have developed a differentiated asset base + We believe that our assets, differentiated technolog
Slide 14: Get More with Key Energy Services
© Get More WITH KEY ENERGY SERVICES
KEY Energy Services — Johnson Rice Energy Conference 2015 on 6ix