UBS Global Oil and Gas Conference Austin, Texas May 22, 2013 2013 Weatherford. All rights reserved.
Driving Performance in 2013 and Beyond 2013 Weatherford. All rights reserved.
Discipline and Focus to Drive Performance and Cash Returns MARKET ORGANIZATION OPERATIONS Market Focus Organizational Clarity Capital / Operating Efficiency Focusing on markets and clients Maturing the structure with clear…
Delivering on Industrial Vision 2013 Weatherford. All rights reserved.
Market Focus: Why is Weatherford Unique 25 Year Industrial Construction Clarity of Purpose Differentiating Low Technologies Market in focused Saturation Domains Unconventionals Aging Reservoirs Well Integrity 2013…
Increasing E&P Spend for Services in WFT Segments 2003 2013 CAGR (Land) : 16% WFT Segment Spend Largest and 2nd highest growing segment (US in billions) Outpaced total segment growth 350 311B 300 2013E Total Spend : 443B 250…
A Leading and Technologically Advanced Portfolio Well Construction Formation Evaluation Production 2012 By Segment Flagship portfolio for securing well Leading provider of integrated Revenue integrity (excluding OCTG and cement) :…
Rise in Unconventionals - Growth in Spend for WFT Segments Spend in unconventional activity increased WFT Segment Spend from 13% in 2003 to a projected 39% in 2017 (US in billions) 400 39% of spend 350 352B 311B 300 Tight oil,…
Best-in-Class in Unconventional Exploitation Key Technology Differentiators Formation Evaluation Well Construction Completion Production Completion & Finding Securing Maximizing Stimulation Optimizing the Sweet Spots Well…
Challenging Future Supplies Aging reservoir base Acceleration of decline rates Maximize Recovery 75% of todays oil was discovered before 1980 Source: 2012 The Outlook for Energy: A View to 2040 (ExxonMobil) 2013…
Best-in-Class in Aging Reservoirs Key Technology Differentiators Production Completion Formation Evaluation Well Construction Completion & How is it Can it be Is there more in Stimulation How do we producing improved the reservoir…
Low Market Saturation A Class of Our Own North America International 6.8B* 8.4B* 3.7% E&P Expenditure** 1.8% E&P Expenditure** Natural level = 5% - 7% *Revenue: Twelve months ended December 31, 2012 **Barclays Capital 2013…
Market Outlook 2013 Weatherford. All rights reserved. 14
North American Outlook Oil activity will increase modestly Near Term Gas activity remains muted (2013) U.S. will continue to improve in production and formation evaluation Canada will improve year-over-year in the second half of the…
Latin American Outlook Near Term Strength in Mexico supported by regional diversification (2013) Continued improvements in Argentina, Brazil, Colombia and Ecuador Uncertainty in Venezuela Long Term Development of unconventional…
Eastern Hemisphere Outlook Middle East will be led by Saudi Arabia, Kuwait, UAE and Oman Near Term Strong activity in Russia (2013) Asia driven by China, Australia and Indonesia Europe and Caspian strength supported by Norway and…
Financial Objectives 2013 Weatherford. All rights reserved. 18
Our Drive to Improve Capital Efficiency: A Culture of Cash Initiative Working Capital Capital Expenditures Receivables Culture Shift: A Culture of Cash Organization Structure DSO ** Unbilled Receivables DSO Expedite Invoicing…
Cash Returns in 2013 Capex 8 10% Revenue Working capital 10 days improvement through 2013 (DSO + DSI - DPO)* Incremental working capital as a percentage of < 25% incremental revenue Margin Up year-over-year in all markets…
Market, Organization and Operations Imperatives Focus : Customer Efficiency Capital Efficiency and Competitive Controls and Safety Advantage Entrepreneurship Quality Selective Growth Derisk Drive Margins Delever Cash…
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning, among other things, Weatherfords prospects for its operations, expectations regarding future…
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