Precision Drilling (PDS) Investor presentation summary

Strategic priorities and financial outlook

• Focused on revenue growth, operational excellence, and leveraging advanced technology to deepen customer relationships and drive upgrades.

• Maximizing free cash flow through disciplined capital deployment and strict cost management, with a 2026 free cash flow yield potential of over 10%.

• Enhancing shareholder returns by reducing debt and increasing share repurchases, targeting up to 50% of free cash flow for direct returns in 2026.

• Committed to reducing net debt to adjusted EBITDA below 1.0x, with $700M debt reduction targeted from 2022-2027.

• Maintaining a robust capital structure with attractive debt rates and a clear maturity profile, next major maturity in 2029.

Market position and operational highlights

• Holds the #1 land driller position in Canada and is the second most active driller in North America, with 95 marketed rigs in Canada and 80 in the U.S.

• Leading well service provider in Canada with 145 marketed rigs and a strong presence in key U.S. basins.

• Active internationally in Kuwait and Saudi Arabia, with 7 rigs contracted and an 8th to be deployed in 2027.

• Canadian market share at 36%, with near full utilization of Super Triple and Super Single rigs.

• U.S. operations are well-positioned for oil rebound and long-term gas growth, with increased activity in the Permian, Eagle Ford, and Rockies.

Technology and operational efficiency

• Technology leader with advanced rigs featuring AlphaAutomation, AlphaAnalytics, robotics, and digital twin monitoring.

• High-impact upgrades funded by upfront payments and term contracts, targeting full capital recovery over contract terms.

• Margin enhancement through digital automation, big data analytics, and AI-driven predictive maintenance.

• Industry-leading downtime performance due to robust preventative maintenance and technology integration.

• Sustained reduction in mechanical risk and improved operational reliability across North America.