Rpc, Inc. · NYSE:RES
Rpc — Investor Presentation (March 2019)
9 slides from Rpc's investor presentation, Mar 26, 2019
Slide 1: RPC, Inc. Corporate Overview and Q1 2019 Update
RPC, Inc. Corporate Overview and Q1 2019 Update 2 Forward - Looking Statement Disclosure Certain statements and information included in this presentation constitute "forward - looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including all statements tha
Slide 2: Corporate Profile / Why RPC?
3 Corporate Profile NYSE: RES. Publicly - traded since 1984 Recent Share Price (February 21 2019) $ 10.48 Annual Dividend Yield 3.8% Market Capitalization $2.2 B illion Average Daily Volume (YTD) 2,003,000 Large Insider Ownership • Provider of Oilfield Completion, Workover and Rental Services • Prim
Slide 3: Favorable Long-Term Track Record of Capital Stewardship
5 Favorable Long - Term Track Record of Capital Stewardship 5 $0 $100 $200 $300 $400 $500 $600 2004 2006 2008 2010 2012 2014 2016 2018 $ MILLIONS Operating Cash Flow and Capital Expenditures, 2004 - 2018 Oper. CF Capex, net • Operating Cash Flow exceeded capital expenditures in 10 of the last 15 yea
Slide 4: Return on Invested Capital / Geographic Presence Within U.S. Basins
7 Return on Invested Capital * 7 (10%) 0% 10% 20% 30% 40% 50% 20052006200720082009201020112012201320142015201620172018 RPC Peers ** * Calculated using cash flow from operations and average invested capital ** PTEN, SPN, 2005 – 2018. FTSI, 2010 and 2016 – 2018. CJ, 2010 – 2018. FRAC, 2015 – 2018. LBR
Slide 5: Approximate Pressure Pumping Fleet Distribution / Near-Term Focus
9 Approximate Pressure Pumping Fleet Distribution 9 0% 10% 20% 30% 40% 50% 60% Permian * Haynesville / E. TX Eagle Ford Mid Continent Bakken Pressure Pumping Fleet Distribution (HP) First Quarter 2019 * Includes two vertical fleets .10 RPC’s Near - Term Focus 10 ▪ Pressure Pumping Utilization. ▪ Coi
Slide 6: Pressure Pumping / ThruTubing Solutions
11 Pressure Pumping ▪ Well - maintained, high quality fleet concentrated in service - intensive oilfield basins ▪ Fleet assessment process has efficiently refined maintenance procedures ▪ Demonstrated ability to operate efficiently and effectively in an environment of increasing activity levels . 11
Slide 7: Coiled Tubing / Other Support Services
13 Coiled Tubing ▪ 11 units of 2 3/8” or greater in diameter for completion applications. ▪ Approximately 27 smaller units for workover. ▪ Adding 8 new 2 5/8” units in 2019. ▪ Projected to improve market share significantly in the large diameter CT market. 13 14 Other Support Services Rental Tools •
Slide 8: Other Workover Services / Contact Us
15 Other Workover Services Nitrogen ▪ Used in a variety of oilfield applications and several non - oilfield industrial uses Snubbing / Hydraulic Workover ▪ Allows workover work to be performed on live wells Well Control ▪ Worldwide provider of blowout and well control services ▪ Also provides pre -
Slide 9: Appendix A
17 Appendix A 17 RPC has used the non - GAAP financial measure of Earnings B efore I nterest , Taxes , Depreciation and Amortization (EBITDA) in these discussion materials. EBITDA should not be considered in isolation or as a substitute for operating income, net income or other performance measures