Rpc, Inc. · NYSE:RES
Rpc — Investor Presentation (February 2019)
17 slides from Rpc's investor presentation, Feb 11, 2019
Slide 1: RPC, Inc. Investor Overview
RPC, Inc. Investor Overview February 11, 2019 RES nist] NYSE MRPC An Oil & Gas Services Company
Slide 2: Forward-looking statements and non-GAAP disclosure
MRPC Certain statements and information included in this presentation constitute “forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1996, including all statements that look forward in time or ‘express management's beliefs, expectations or hopes. In par
Slide 3: NYSE: RES. Publicly-traded since 1984
NYSE: RES. Publicly-traded since 1984 Recent Share Price (February 2019) Annual Dividend Yield Market Capitalization Average Daily Volume (YTD) Large Insider Ownership RES LISTED NYSE $11.04 3.6% $2.4 Billion 2,207,000 + Provider of Oilfield Completion, Workover and Rental Services + Primarily U.S.,
Slide 4: Operational Focus and Tenured Management
MRPC * Operational Focus and Tenured Management * Long-Term Focus. 20-Year Revenue and Net Income Compounded Growth Rates of 13% * Proven ability to manage through the oilfield cycles and allocate capital * Strong presence in the Permian Basin * Services that are leveraged to service-intensive compl
Slide 5: Fourth Quarter Financial Highlights
Fourth Quarter 18 Fi ial Highlights Key Financial Results (¢ millions) Revenues: $ 376.8 Operating Profit: $ 19.7 Net Income: $ 13.4 EBITDA: $ 61.7 Q4 2018 Compared to Q3 2018 = Revenues decreased by 14.4%. EBITDA decreased by 36.9% = Operating Profit decreased 64.0% Balance Sheet Highlights + Debt-
Slide 6: Responsible Stewardship of Our Shareholders' Cash
Responsible Stewardship of Our Shareholders’ Cash $3000 $2500 $2000 31500 1000 00 RPC Summarized Cash Flows 2006- 2018 13000) tcyrargcah pate cahPon tr etanig Capen Oink es Roprinctsok” Engh Between the Beginning of 2006 and the end of 2018, RPC borrowed as much as $225 million. RPC has repaid that
Slide 7: Returns on invested capital versus peers
MRPC 50% RPC m Peers ** 40% 30% 20% 10% 0% (10%) + Baga aa aaa ETE TEE eR * Calculated using cash flow rom operations and average invested capital * BAS, PTEN, SPN, 2006-2007. BAS, CJ, KEG, SPN, PTEN, 2008-2014. BAS Cl, FRAC, FTS KEG, OES, PTEN, SPN TUSK, 2015 BAS, Cl, FRAC, FTSI,LORT, PTEN, CES, SP
Slide 8: Geographic Presence Within U.S. Basins
Geographic Presence Within U.S. Basins RPC Revenues and U.S. Well Completions By Basin 12 months ended 12-31-2018 so RPC Rev. m 2018 Well Completions = | | | oe - | r] | | Permian. Mid Con Rockies Bakken: Haynesville / E. Marcellus Other US* International m other USincludes GOM, other markets NOC. *
Slide 9: Approximate Pressure Pumping Fleet Distribution
Approximate Pressure Pumping Fleet Distribut 60% Pressure Pumping Fleet Distribution (HP) _ First Quarter 2019 40% 30% 20% : Eig 2 | Permian * Haynesville / E. 1X Eagle Ford Mid Continent Bakken * Includes two vertical fleets.
Slide 10: Pressure pumping utilization and fleet additions
= Pressure Pumping Utilization. = Coiled Tubing Newbuilds. = Appropriate Pressure Pumping Fleet Additions. 10
Slide 11: Cudd Energy Services: Well-maintained, high quality fleet
MRPC ' Well-maintained, high | CUDD : ENERGY SERVICES 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 Re
Slide 12: Thru Tubing Solutions
MRPC THRU TUBING = ThruTubing Solutions (Downhole tools and motors) provides services used in unconventional completion operations = Specializes in accomplishing multi-stage completions in unconventional wells. = Significant revenue growth during past decade * Continuous innovation in specialized co
Slide 13: Cudd Coiled Tubing units
MRPC | CUDD | ENERGY SERVICES = 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.
Slide 14: Rental Tools and Patterson Tubular Services
MRPC Rental Tools + Rents a variety of tools and products required during drilling or re-entering a well * 2% market share Patterson Tubular Services + Provides logistics, inspection, storage and maintenance services of OCTG for major operators and pipe supply companies + Acknowledged industry leade
Slide 15: Nitrogen, Snubbing and Well Control
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-event contingency planning an
Slide 16: RPC headquarters and contact
VRPC Operational Headquarters: The Woodlands, Texas (above) Corporate Headquarters: 2801 Buford Highway NE, Suite 520 Atlanta, GA 30329 (404) 321-2140 fcupp} THRUTUBING (AREY SERIES www.rpc.net 16
Slide 17: Non-GAAP financial measure: EBITDA
MRPC RPC has used the non-GAAP financial measure of Earnings Before Interest, 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 prepared in accord