Helmerich & Payne, Inc. · NYSE:HP
Helmerich & Payne — Non-Deal Roadshow (February 2013)
15 slides from Helmerich & Payne's roadshow presentation, Feb 28, 2013
Slide 1: Helmerich & Payne, Inc. Meetings with Investors
Helmerich & Payne, Inc. Meetings with Investors March 1, 2013
Slide 2: Forward-looking Statements
Statements within this presentation are “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, and are based on current expectations and assumptions that are subject to risks and uncertainties. All statements other than statements of hi
Slide 3: H&P's Global Rig Fleet
H&P’s Global Rig Fleet * Estimates include existing rigs and announced new build commitments.
Slide 4: Market Conditions
Market Conditions Dayrate pricing in the spot market remains firm for H&P. Our active rig count remains strong. We continue to have some discussions with customers regarding additional new builds. Our operational outlook for the second fiscal quarter remains unchanged.
Slide 5: U.S. Rig Activity by Hydrocarbon Target
U.S. Rig Activity by Hydrocarbon Target
Slide 6: H&P Activity as of February 28, 2013
H&P Activity as of February 28, 2013 Rigs Working/ Contracted 242 242 0 8 23 273 Rigs Available 298 263 35 9 29 336 3 339 % Contracted 81% 92% 0% 89% 79% 81% U.S. Land AC Drive FlexRigs SCR Fleet Offshore International Land Total FlexRig Construction Total Fleet Includes announced new build commitme
Slide 7: H&P's U.S. Land Fleet Activity
H&P’s U.S. Land Fleet Activity (1) (2) (1) Active rigs on term (in blue) generated both revenue and revenue days. (2) Includes completed new builds pending delivery and not generating revenue days.
Slide 8: Leading U.S. Unconventional Driller
(H&P Contracted Land Rigs as of 2/28/13*) Leading U.S. Unconventional Driller * Includes announced new FlexRigs with customer commitments scheduled for delivery in fiscal 2013.
Slide 9: H&P Global Fleet Under Term Contract
H&P Global Fleet Under Term Contract
Slide 10: H&P's International Land Operations Rig Fleet Status
Active Idle Total Long-term Contracts Argentina 6 3 9 5 Bahrain 3 1 4 3 Colombia 5 2 7 2 Ecuador 5 5 1 Tunisia 2 2 2 U.A.E. 2 2 2 Total 23 6 29 15 H&P’s International Land Operations Rig Fleet Status (as of February 28, 2013) (1) 14 of 16 FlexRigs, included in the international fleet of 29 rigs, are
Slide 11: What a Difference a Year Makes
What a Difference a Year Makes As of February 2012 (~1,900 Active Rigs in the U.S. By Power Type) As of February 2013 (~1,600 Active Rigs in the U.S. By Power Type) Note: The above estimates corresponding to rig activity are derived from multiple sources including Rig Data, Smith Bits, and corporate
Slide 12: Technology & Quality Service Make a Difference
Technology & Quality Service Make a Difference (1) Does not include the impact of early contract termination revenue. (2) Represents weighted-average rig margin per day for PTEN, NBR and UNT. (3) Utilization is herein calculated to be average active rigs divided by estimated available marketable rig
Slide 13: Record Profits During Industry Slowdown
Record Profits During Industry Slowdown * PTEN’s operating income includes drilling operations in Canada. ** NBR’s operating income corresponds to its U.S. Lower 48 Land Drilling segment.
Slide 14: Five-Year Relative Shareholder Return
Five-Year Relative Shareholder Return Source: Thomson Financial as of February 26, 2013
Slide 15: End of Document
End of Document
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