1Q15 Earnings Presentation April 22, 2015 Presenters: Anthony G. Petrello Chairman, President & Chief Executive Officer William J. Restrepo Chief Financial Officer
Deal Closed: C&J/NCPS Merger Creates a Leading Diversified Completion & Production Services Provider Key metrics of the deal Received cash proceeds of approximately 688 million at 1 closing Well Servicing Nabors owns 53% of the…
Nabors Financial Capability & Commitment Liquidity Allows Nabors to Focus on Responsible Growth Increasing financial flexibility has been Nabors priority over several years Significant reinvestment of capital into global expansion and…
Improving Financial Flexibility High 4Q14 1Q15 Change Change (MM's) 3/31/12 12/31/14 3/31/15 4Q14 to 1Q15 1Q15 from High Total Debt 4,773 4,355 3,825 (530) (948) Cash and ST Investments 494 536 621 85 127 Net Debt 4,279 3,819 3,204…
Drilling & Rig Services 8
1Q15 Rig Utilization & Availability 1Q15 Rig Average Rig Fleet(1) Years Utilization U.S. Lower 48 AC 171 123 72% Legacy 85 26 31% U.S. Lower 48 Total 256 149 58% U.S. Offshore 16 8 51% Alaska 19 10 54% Canada 57 26 45%…
1Q15 U.S. Rig Utilization Power Type and Pad Capability Walking Skidding Pad Capable Not Pad Capable Total Working Total Util. Working Total Util. Total Working Total Util. Util. AC 73 114 64% 12 18 67% 64% 15 39 38% 58% Legacy…
PACE-X Rig Deployments & Rig Years 40 35 30 25 20 15 10 5 0 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 Deployments Cumulative Deployments Cumulative Rig Years 35 PACE-X Rig Years through 1Q15 As of 3/31/15 11
1Q15 International Working Rigs Algeria 10 India 2 Kuwait 2 Romania 1 Argentina 23 Iraq 1 Malaysia 1 Russia 5 Bahrain 1 Italy 1 Mexico 6 Saudi Arabia 42 Colombia 7 Kazakhstan 2 Oman 4 Venezuela 5 Congo 1 Kurdistan 2 PNG 1 Yemen…
Outlook and Summary 13
Key Takeaways Implement and execute innovative pricing and contract structures, while scaling cost structure and capital spending as necessary Pursue opportunities to add rigs in high-spec drilling markets around the globe at…
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