Precision Drilling (PDS) investor relations material

Strategic priorities and financial discipline

• Focused on revenue growth, customer relationships, and leveraging advanced technology for operational excellence.

• Maximizing free cash flow through disciplined capital allocation and cost management.

• Enhancing shareholder returns by reducing debt and allocating up to 50% of free cash flow to share repurchases.

• Targeting net debt to adjusted EBITDA ratio below 1.0x, with $560M debt repaid as of March 2026 and $700M targeted from 2022-2027.

• Returned $1.7B to shareholders since 2015, with significant share buybacks and debt reduction.

Market leadership and operational highlights

• Holds #1 land driller position in Canada with 95 marketed rigs and leading well service provider status.

• Active in Kuwait and Saudi Arabia with 7 rigs contracted and stable international operations.

• Top U.S. land driller with 80 marketed rigs, positioned for oil rebound and long-term gas growth.

• Canadian market share at 36%, with high demand for Super Triple and Super Single rigs.

• Consistent international revenue and contracts extending into 2027 and 2028.

Technology and margin enhancement

• Advanced rig technology includes Alpha automation, EverGreen hybrid systems, and robotics.

• Digital automation and AI-driven analytics optimize drilling efficiency and safety.

• High utilization of Super Series rigs supports strong margins, with Canadian Q2/26 margins estimated at $12,000–$13,000/day.

• Ongoing investments in rig upgrades, with $97M allocated in 2026 and focus on high-impact performance gains.

• EverGreen revenue grew 22% year over year, supporting sustainability and cost efficiency.