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HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Weatherford International Ltd.

Weatherford International Ltd. · Mar 23, 2015 · 13 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Weatherford International Ltd. – slide 1
    Howard Weil 43rd Annual Energy Conference New Orleans, LA March 23, 2015
  2. HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Weatherford International Ltd. – slide 2
    Macro Forces This isnt '86, '99 or '09 Elasticity of Supply to Price Confirms and Strengthens Our Direction 2015 Weatherford International plc. All rights reserved.
  3. HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Weatherford International Ltd. – slide 3
    2014 Accomplishments 1 Complete Successful conclusion of multiple U.S. Government agency investigations Achieved 2 Annualized pre-tax cost savings Achieved 3 Total non-core divestiture proceeds Achieved 4 Net Debt reduction…
  4. HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Weatherford International Ltd. – slide 4
    Our Direction 2015 Actions and Initiatives
  5. HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Weatherford International Ltd. – slide 5
    The Direction that Drives Us: Strengthened by the Macro Priority Our Direction Perennial Cyclical Structural 2015 Weatherford International plc. All rights reserved. 5
  6. HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Weatherford International Ltd. – slide 6
    Lowering Cost 2014 Actions and 2015 Objectives 2014 2015 1 Headcount Reduction 6,283 positions Targeted 8,000 positions 5,269 completed Ongoing 2 Eliminate Unprofitable Operations 64 operating locations closed Seven…
  7. HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Weatherford International Ltd. – slide 7
    Results of Continuing to Lower Our Cost Base Average Annual Revenue per Employee 2013 - 2015E Year-End Headcount 2013 - 2015E Core Businesses Support Ratio 300,000 70,000 70% 60,000 60% 59% 250,000 50,000 50% Headcount 45% Below…
  8. HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Weatherford International Ltd. – slide 8
    Capital Equipment and CapEx Efficiency Gains Fixed Asset Turnover Ratio* 2011-2014 Capital Expenditures** 2011-2015E 2.2x 2,500 2,177 2.1x 2.1x 2,000 14% 2.0x 2.0x 1,524 1,575 1,450 1,500 In millions 12% 10% 1.9x 10%…
  9. HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Weatherford International Ltd. – slide 9
    2015 Will See Positive Free Cash Flow 2014 2015E Net Income 785 Positive D&A 1,371 1,237 We will Op. Working Capital Changes: (239) Positive intensify Other Cash Flow: (701) (340) Iraq / Zubair (342) 0 our efforts on Severance…
  10. HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Weatherford International Ltd. – slide 10
    Net Debt 2014 Progression Net Debt Reduction 1.2B 9,000 8,500 8,000 7,500 7,000 6,500 6,000 4Q13 1Q14 2Q14 3Q14 4Q14 Note: S in millions 2015 Weatherford International plc. All rights reserved. 10
  11. HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Weatherford International Ltd. – slide 11
    External Focus Top 100 Customers 100 < 2% 258B 100% Number of 2014 Est. % of Est. Spend / ( i n bi l l i ons ) Customers Spend Total Spend Customer 90% 49.2 IOC 19 49.2 19% 2.6 80% NOC 31 84.7 33% 2.7 70% 84.7 60% 78% IOC IND…
  12. HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Weatherford International Ltd. – slide 12
    Key Opportunities with Top 100 Customers WFT 2014 2014 Market Other customers Top 100 ( in billions ) Revenue Share 60 2014 Global Revenue in B IOC 3.1 5.6% 50 19% NOC 2.9 3.1% 40 17% 62% vs. 78% IND 3.3 4.5% 30 8% Top…
  13. HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Weatherford International Ltd. – slide 13
    Our 2015 Actions and Initiatives: Transforming Weatherford for '16 - '20 EXTERNAL FOCUS Most strategic priority by design and culture Build upon recognition and capabilities Increase pace of customer engagement Seize market…

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