Superior Energy Services — Presentation (September 2020)
14 slides from Superior Energy Services's investor presentation, Sep 30, 2020
Slide 1: Cleansing Materials September 2020
Exhibit 99.1 Cleansing Materials September 2020Exhibit 99.1 Cleansing Materials September 2020
Slide 2: Disclaimer
Disclaimer By accepting this presentation, recipients acknowledge that they have read, understood and accepted the terms of this disclaimer. This presentation is being provided for informational purposes only and is intended solely to facilitate a discussion with the recipient. No representation or
Slide 3: RemainCo
RemainCoRemainCo
Slide 4: Global Leader in Market Leading Franchises
Global Leader in Market Leading Franchises Brands Segment Value-added engineering services and high- specification premium downhole tubular and DPS accessory rentals Design, engineering, manufacturing and rental of DPS premium bottom hole assemblies PS Hydraulic workover and snubbing services Engine
Slide 5: RemainCo Assumptions
RemainCo Assumptions ($ mm) Rystad Rig Count 2019 2020 Y-o-Y % 2021 Y-o-Y % 2022 Y-o-Y % 2023 Y-o-Y % Region Rig Count Rig Count Change Rig Count Change Rig Count Change Rig Count Change Avg. Rig Count: U.S. Land 9 04 3 92 (57%) 3 35 (15%) 4 36 30% 5 36 23% U.S. Offshore 73 4 2 (42%) 4 3 2% 6 4 49%
Slide 6: RemainCo Financial Projections
RemainCo Financial Projections ($ mm) 1 2020 2021 2019 2020 2021 2022 2023 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY FY FY FY FY Revenue $204.0 $136.7 $115.4 $119.0 $123.8 $128.7 $144.0 $157.6 $783.5 $575.1 $554.1 $649.7 $766.6 (-) COGS (114.8) (80.4) (71.6) (79.5) (75.4) (77.2) (82.3) (87.4) (431.8) (346.3) (322.
Slide 7: Liquidity Update
Liquidity Update ($ in thousands) August 31, 2020 Total Cash (Incl. Restricted Cash) 336,896 Borrowing Base 102,272 Bullwinkle Restricted Cash (2,773) RLI Cash Collateral (46,000) JPM Cash Collateral (25,000) 1 State of Texas Cash Collateral (7,100) 2 Letters of credit outstanding (62,325) ABL Avail
Slide 8: Superior WIA
4& Superior WIA
Slide 9: Robust Service Offerings and Key Brands
Robust Service Offerings and Key Brands Service Rigs Coiled Tubing Wireline • Well services, snubbing, • Nitrogen, pumping • Perforating, pipe swabbing, slickline and plug drill-out recovery, fishing and services and P&A services wireline logging services Fluid Management Rentals • Water transfer, d
Slide 10: NAM Financial Projections
NAM Financial Projections ($ mm) 1 2 2020 2021 2019 2020 2021 2022 2023 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY FY FY FY FY Rig Count 235 250 295 320 3 20 460 619 Oil Price $45 mid-yr $55 mid-yr $55 Revenue 117.7 47.2 45.9 47.7 50.0 55.0 74.0 81.0 575.8 258.5 260.0 375.0 500.0 (-) COGS (96.9) (48.4) (39.2) (39.6
Slide 11: NAM TotalCo
NAM TotalCoNAM TotalCo
Slide 12: TotalCo Financial Projections
TotalCo Financial Projections ($ mm) 1 2021 2021 2022 2023 Q1 Q2 Q3 Q4 FY FY FY Revenue $170.5 $178.5 $205.6 $225.7 $780.4 $957.5 $1,141.6 (-) COGS (113.7) (117.8) (130.8) (140.4) (502.6) (606.8) (719.2) (+) Severance and restructuring - - - - - - - Gross Margin $56.8 $60.7 $74.9 $85.3 $277.7 $350.7
Slide 13: TotalCo – NAM Segment
TotalCo – NAM Segment ($ mm) 1 2021 2021 2022 2023 Q1 Q2 Q3 Q4 FY FY FY Revenue $46.7 $49.8 $61.6 $68.1 $226.3 $307.8 $375.0 (-) COGS (38.3) (40.6) (48.5) (53.0) (180.3) (241.6) (290.6) (+) Severance and restructuring - - - - - - - $8.5 $9.2 $13.2 $15.1 $45.9 $66.2 $84.4 Gross Margin (-) G&A - Corpo
Slide 14: Customer Concentration
Customer Concentration NAM Top Customer Revenue Profile 1 2019 % Total YTD Q2:2020 % Customer Market Cap 1 Rank Company Revenue Total Revenue Range ($MM) 1 Company A > $20,000 9.30% 14.30% 2 Company B 7.10% 8.60% $10,000 to $20,000 3 Company C $1,000 to $10,000 7.50% 7.50% Company D $1,000 to $10,00
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