Patterson UTI Energy : Presentation PDF (opens in new window)

Patterson-UTI Energy, Inc.

J.P. Morgan

2022 Energy, Power & Renewables Conference June 23, 2022

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, beliefs, expectations or predictions for the future are forward-looking statements and are inherently uncertain. The opinions, forecasts, projections or other statements other than statements of historical fact, including, without limitation, plans and objectives of management of the Company are forward-looking statements. It is important to note that actual results could differ materially from those discussed in such forward-looking statements. Important factors that could cause actual results to differ materially include the risk factors and other cautionary statements contained from time to time in the Company's SEC filings, which may be obtained by contacting the Company or the SEC. These filings are also available through the Company's web site at http://www.patenergy.comor through the SEC's Electronic Data Gathering and Analysis Retrieval System (EDGAR) at http://www.sec.gov. We undertake no obligation to publicly update or revise any forward-looking statement. Statements made in this presentation include non-U.S. GAAP financial measures. The required reconciliations to U.S. GAAP financial measures are included on our website and/or at the end of this presentation.

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Market Update

Strong fundamentals in U.S. drilling and completions markets with tight capacity for premium equipment

Drilling rig dayrates have never moved up as fast as over the past six-to-ninemonths

Leading edge dayrates for Tier-1 rigs including ancillary technologies and equipment are now over $30,000

In April, we increased our expectation for 2022 total consolidated adjusted EBITDA to exceed $500 million

We are already in contract negotiations for drilling rigs and hydraulic fracturing services for 2023

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Patterson-UTI Segments

DRILLING

PUMPING

DIRECTIONAL

DATA ANALYTICS

POWER

RENTALS

RELIABILITY

Onshore contract

Full-service pressure

Comprehensive

Space flight

Electrical

Large selection of

API-certified drilling

drilling in U.S. and

pumping focused on

suite of directional

navigation

engineering,

equipment and field

equipment

Colombia, primarily

engineered solutions

drilling services with

algorithms to

equipment,

support used in

recertifications and

focused on Tier-1,

and dual-fuel

a strong reputation

improve the

automation

drilling, completions

upgrades for

Super-Spec rigs and

capable spreads

for the reliability and

accuracy of

software, energy

and production

improved rig

rigs capable of

with a strong

durability of

horizontal wellbore

storage and field

performance

using alternative

reputation for

downhole

placement and

support to the

fuel sources such as

regional knowledge

performance motors,

quality

energy, marine and

natural gas, hi-line

and efficient

MWD and remote

heavy-equipment

electrical power,

operations

operations

industries

and lithium

batteries

Revenue1 %	50%	37%	9%	4%
	CONTACT DRILLING	PRESSURE PUMPING	DIRECTIONAL DRILLING	OTHER
				2
1 Patterson-UTI reported revenue for the three months ended March 31, 2022.			4

Leading Provider of Critical Path Services

~50% of E&P total well spend includes services provided by Patterson-UTI

Drilling Services	Completion Services
35% of total shale well cost1	60% of total shale well cost1

1.

Estimated well cost data provided by Rystad Energy

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