Patterson-uti Energy, Inc. · NASDAQ:PTEN
Patterson-uti Energy — Jefferies 2016 Energy Conference
25 slides from Patterson-uti Energy's conference presentation, Nov 29, 2016
Slide 1: Jefferies 2016 Energy Conference
Jefferies 2016 Energy Conference November 29, 2016 Exhibit 99.1
Slide 2: Forward Looking Statements
Forward Looking Statements This material and any oral statements made in connection with this material include "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Statements made which provide the Company’s or management’s intentions
Slide 3: Contract Drilling
Contract Drilling High quality fleet of land drilling rigs including 161 APEX® rigs Leader in walking rig technology for pad drilling applications Large footprint across North American drilling markets Patterson-UTI reported results for the nine months ended September 30, 2016 3
Slide 4: Pressure Pumping
Pressure Pumping High quality fleet of modern pressure pumping equipment Strong reputation for regional knowledge and efficient operations Concentrated footprint provides economies of scale 4 Patterson-UTI reported results for the nine months ended September 30, 2016
Slide 5: Contract Drilling
Contract Drilling @ © PATTERSON. UTI DRILLING COMPANY LLC ENERGY
Slide 6: High Quality Drilling Rigs APEX Rigs
High Quality Drilling Rigs 6 161 APEX® Rigs
Slide 7: The APEX-XK
The APEX-XK® Enhanced X-Y mobility Walk with full set-back of pipe in mast More efficient rig up / rig down Walking times average 45 minutes for 10’ – 15’ well spacing Advanced environmental spill control integrated into drilling floor Reduced number of truck loads for rig moves 52 APEX-XK 1500® and
Slide 8: APEX-XK Integrated Walking System
APEX-XK® Integrated Walking System 8
Slide 9: APEX-XK Rig Walking on Pad
APEX-XK® Rig Walking on Pad http://patenergy.com/drilling/technology/apexwalk/ Video of APEX-XK® Rig 9
Slide 10: Large Geographic Footprint
West Texas 19 Rigs Large Geographic Footprint PTEN’s Active Rig Count by Region as of November 22, 2016 Appalachia 15 Rigs East Texas 4 Rigs Mid-Continent 7 Rigs Rockies 6 Rigs South Texas 9 Rigs North Dakota 6 Rigs 10 Canada 2 Rigs http://patenergy.com/
Slide 11: Drilling Technologies
Drilling Technologies Designs, manufactures and services high-spec rig components with a recent focus on top drive technology Enhances the Patterson-UTI technology portfolio and engineering capabilities A highly talented group of people with a tremendous amount of experience 11
Slide 12: Pressure Pumping
Pressure Pumping UNIVERSAL @\PATTERSON-UTI — pot 1
Slide 13: Managing Supply Chain
Managing Supply Chain 13 Developing strategic relationships around critical materials and services to: Manage supply volumes during a recovery Mitigate potential cost inflation Leveraging technologies to improve operational efficiencies and reduce cost
Slide 14: Modern Pumping Equipment
Modern Pumping Equipment 14 Modern triplex pumps defined as being placed in service within the last seven years.
Slide 15: Market Focus Provides Economies of Scale
Southwest Region: Northeast Region: Fracturing horsepower: 662,000 Other horsepower: 31,230 Fracturing horsepower: 353,800 Other horsepower: 55,400 Market Focus Provides Economies of Scale Pressure Pumping Areas Horsepower distribution as of September 30, 2016 15
Slide 16: Technology Focused: PropLogic Sand Management System
Technology Focused PropLogic™ Sand Management System 16 Fully enclosed well-site sand management system More accurate than conventional sand trailers/bins More efficient use of proppant as less sand is wasted
Slide 17: Technology Focused: PowderStim Dry Friction Reducer
Technology Focused PowderStim® Dry Friction Reducer 17 System hydrates powder form of friction reducer directly into the fluid stream Logistically safer and more efficient compared to liquefied friction reducers Successful with both fresh water and heavy brines More cost effective by utilizing produ
Slide 18: Technology Focused: Comprehensive Lab Services
Technology Focused Comprehensive Lab Services 18 Ability to test vendors’ chemicals enhances quality controls Unique in-house friction flow loop test assembly for faster test results In-house lab services are faster and more cost efficient than outsourcing
Slide 19: Strong Financial Position
Strong Financial Position @\PATTERSON-UTI — pot 1
Slide 20: Investing in Our Company
Investing in Our Company 20 Capital Expenditures and Acquisitions ($ in millions) 2016 Capital expenditure forecast as of October 27, 2016
Slide 21: Strong Financial Position
Strong Financial Position 21% Debt/ Total Cap* Stockholder’s Equity 4.97% Series A notes Due October 5, 2020 4.27% Series B notes Due June 14, 2022 Revolving Credit Facility Maturing March 27, 2019 21 * Debt and equity balances as of September 30, 2016. The total debt balance of $615 million include
Slide 22: Total Liquidity
Total Liquidity 22 $37 million cash as of September 30, 2016 $500 million revolver through September 27, 2017 $358 million of revolver extended through March 27, 2019 Subject to a borrowing base comprised of eligible cash, inventory, receivables and equipment $15 million outstanding with available b
Slide 23: Why Invest in Patterson-UTI Energy?
Why Invest in Patterson-UTI Energy? High Quality Assets 161 APEX® rigs comprised primarily of 1500 horsepower and pad capable rigs Creating value through focus on well site execution Technology leader Leader in walking rigs for pad drilling Innovator in deploying latest technologies for pressure pum
Slide 24: Additional References
Additional References @\PATTERSON-UTI — pot 1
Slide 25: Adjusted EBITDA Reconciliation
Three Months Ended September 30, Nine Months Ended June 30, 2016 2015 2016 2015 Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA)(1): Net loss $ (84,143) $ (225,978) $ (240,512) $ (235,828) Income tax benefit (49,428) (112,452) (133,885) (120,452) Net interest
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