Large and Attractive Core "Life of the Field" Energy Market: 10 Life of the Field Energy Market Life of the Field Energy Market Life of the Field Energy Market Life of the Field Energy Market Life of the Field Energy Market Offshore rigs(a) U.S. Onshore(b) Production Energy Maritime Intl land(b) Assets Jackups, Semisubmersibles and Drillships Rigs, Remote Offices, Man Camps, etc. Fixed and Floating Installations Supply, Seismic, Support and Construction Rigs, Remote Offices, Man Camps, etc. Characteristics Highly complex and regulated drilling operations Smaller installations with shorter contracts, Long lived assets with large crew size drives data needs Global fleets that are highly mobile Stable and growing markets Rig Day Rate $100,000 - $415,000 $22,500+ Varies widely Varies widely Varies widely Global units(c) 1060+ 1,700+ 14,700+ 5,150+ 3,600+ Addressable units(d) 775+ 1,700+ 8,950+ 4,100+ 3,600+ RigNet market share 32% 16% NA NA NA Management estimates that RigNet's communications day rates represent <1% of offshore rig day rates Note: Offshore # of units includes total unit count from IHS-Petrodata (a) Global units include only jackups, drillships and semisubmersibles (b) Global units include only rigs (c) Global units include visible supply as well as units that have been scrapped, canceled, coldstacked, etc. (d) Addressable units adjusted to remove scrapped, canceled, coldstacked and assets not yet delivered Source: IHS-Petrodata (February 11, 2013), Spears and Associates (December 2013), Company Estimates |