Precision Drilling (PDS) Investor presentation summary

Strategic priorities and financial performance

• Focused on revenue growth, operational excellence, and leveraging technology to deepen customer relationships in 2026.

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

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

• Achieved $1.7B returned to shareholders and reduced net debt/EBITDA to 1.3x as of March 2026, with a long-term target below 1.0x.

• On track to repay $700M in debt from 2022-2027, with $560M already repaid by March 2026.

Market position and operational highlights

• Holds #1 land driller position in Canada with 95 marketed rigs and #1 well service provider with 145 rigs.

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

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

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

• Super Series rigs provide a competitive advantage, supporting high margins and strong utilization rates.

Technology and operational efficiency

• Leading in digital automation with Alpha, EverGreen™, and robotics, transforming drilling into data-driven processes.

• Leveraging big data and AI for predictive analytics, optimizing drilling operations and maintenance.

• Industry-leading downtime performance through preventative maintenance and Digital Twin technology.

• High-quality completion and production cash flow from well service business, supported by recent acquisitions.

• Focused on sustainability, reducing diesel consumption and emissions through hybrid power systems.