Rpc, Inc. · NYSE:RES
Rpc — Investor Presentation (June 2020)
13 slides from Rpc's investor presentation, Jun 10, 2020
Slide 1: Investor Relations Presentation June 10, 2020
Investor Relations Presentation June 10, 2020
Slide 2: Forward-Looking Statement Disclosure
2 Forward - Looking Statement Disclosure Certain statements and information included in this press release constitute "forward - looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including all statements that look forward in time or express management’s
Slide 3: Corporate Profile
3 Corporate Profile NYSE: RES. Publicly - traded since 1984 Recent Share Price (June 5, 2020) $ 4.16 Market Capitalization $896 million Average Daily Volume (trailing 3 months) 1,725,000 Large Insider Ownership • Provider of Oilfield Completion, Workover and Rental Services • Primarily U.S., Land -
Slide 4: RPC's Profile
4 RPC’s Profile 4 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 $0 $100 $200 $300 $400 $500 $600 2001 2004 2007 2010 2013 2016 2019 Average U.S. Domestic Rig Count Operating Cash Flow ($ millions) RPC has generated positive operating cash flow for the past 18 years * Includes long - term lease lia
Slide 5: 1st Quarter 2020 Financial Summary
5 1 st Quarter 2020 Financial Summary 5 On a sequential basis … • Revenues increased in spite of declining industry metrics due to improved pressure pumping activity. • Profitability improvements from smaller geographic footprint and streamlined operations. • Cash balance increased due to operationa
Slide 6: Managing this Downturn
6 Managing this Downturn 6 Strong Balance Sheet • No debt, relatively high cash balance • Strong working capital position that should generate cash as revenues decline. Assessment of Duration of Downturn • Maintain cost discipline and avoid marginally profitable short - duration work • Will inform c
Slide 7: Favorable Long-Term Track Record of Capital Stewardship
7 Favorable Long - Term Track Record of Capital Stewardship 7 • Operating Cash Flow exceeded capital expenditures by $960 million during the period • Dividends every year since 1997 • $900 million returned to shareholders during the period.
Slide 8: ThruTubing Solutions
8 ThruTubing Solutions • ThruTubing Solutions (Downhole tools and motors) provides services used in unconventional completion operations • Specializes in accomplishing multi - stage completions in unconventional wells • Innovative SlicFrac diverter technology enhances frac efficiency, reduces the ne
Slide 9: Coiled Tubing
9 Coiled Tubing • 17 units of 2 3/8” or greater in diameter for completion applications. Meaningful market share in this category. • Approximately 27 smaller units for workover. 9 (Pictured below: A new 2 5/8” coiled tubing unit being readied for service)
Slide 10: Other Support Services
10 Other Support Services Rental Tools • Rents a variety of tools and products required during drilling or re - entering a well • 2% market share 10 Patterson Tubular Services • Provides logistics, inspection, storage and maintenance services of OCTG for major operators and pipe supply companies • A
Slide 11: Other Workover Services
11 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 12: Contact Us
12 Contact Us Operational Headquarters: The Woodlands, Texas (right) Corporate Headquarters: 2801 Buford Highway NE Suite 300 Atlanta, GA 30329 (404) 321 - 2140 12 IRDept@RPC.net RPC.net
Slide 13: Appendix A: Non-GAAP Financial Measures
13 Appendix A 13 RPC, Inc. uses the following non - GAAP financial measures: Adjusted net loss; Adjusted net income; Adjusted loss per share; Adjusted earnings per share; Adjusted operating loss; Adjust ed operating profit; Earnings before interest, taxes, depreciation and amortization (EBITDA); and