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HOWARD WEIL 42ND ANNUAL ENERGY CONFERENCE – Weatherford International Ltd.

Weatherford International Ltd. · Mar 24, 2014 · 17 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 42ND ANNUAL ENERGY CONFERENCE – Weatherford International Ltd. – slide 1
    Howard Weil 42nd Annual Energy Conference New Orleans, LA March 24, 2014
  2. HOWARD WEIL 42ND ANNUAL ENERGY CONFERENCE – Weatherford International Ltd. – slide 2
    Our Transformational Journey 2014 2012 Focus on our core Grow our core Tax account Improve profitability validation Cost compression 2013 Margin expansion Reduce leverage Divestiture program Successful conclusion of tax Free…
  3. HOWARD WEIL 42ND ANNUAL ENERGY CONFERENCE – Weatherford International Ltd. – slide 3
    2014 Essential Step Growing Our Core Business 1 Growing Our Core Businesses Drivers Secular Themes Broad Global Infrastructure Aging Reservoirs Low market saturation Unconventionals Opportunity for penetration Well Integrity…
  4. HOWARD WEIL 42ND ANNUAL ENERGY CONFERENCE – Weatherford International Ltd. – slide 4
    Focus and Grow Our Core Secular Themes Driving Our Growth Well Integrity Unconventionals Aging Reservoirs WELL FORMATION COMPLETION PRODUCTION CONSTRUCTION EVALUATION Flagship portfolio for Complete reservoir Differentiated…
  5. HOWARD WEIL 42ND ANNUAL ENERGY CONFERENCE – Weatherford International Ltd. – slide 5
    Our Core in 2013 Core Business Revenue (B) Operating Income Margin* Well Construction 4.6 24.9% Core Margin 16.3% Completion 1.0 23.9% Artificial Lift 2.6 16.4% Excluding US Stimulation Formation 2.4 9.9% Evaluation 18.9%…
  6. HOWARD WEIL 42ND ANNUAL ENERGY CONFERENCE – Weatherford International Ltd. – slide 6
    Broad Global Footprint and Low Market Saturation North America International Market Saturation 6.4B* Market Saturation 8.9B* 3.4% E&P Expenditure** 1.8% E&P Expenditure** *Revenue: WFT 2013 year-end revenue **Barclays Capital,…
  7. HOWARD WEIL 42ND ANNUAL ENERGY CONFERENCE – Weatherford International Ltd. – slide 7
    2014 Essential Step Lowering Cost 2 Lowering Cost Initiatives Headcount Reduction Eliminate Unprofitable Operations Lighten Support Structure 7,000 employees Ongoing strategic reviews to Primarily from fixed eliminate operations…
  8. HOWARD WEIL 42ND ANNUAL ENERGY CONFERENCE – Weatherford International Ltd. – slide 8
    Streamlining through Headcount Reductions Headcount Reductions* Total Headcount Latin America R&D 25% 1% Reduction 7,000 GBU / GSC** 6% Corporate 6% Europe / SSA / Russia Annualized Savings 16% Rigs 3% 500M MENA / North…
  9. HOWARD WEIL 42ND ANNUAL ENERGY CONFERENCE – Weatherford International Ltd. – slide 9
    2014 Essential Step Divesting / Exiting Non-Core Businesses 3 Divesting / Exiting Non-Core Businesses Non-Core Businesses Land rig separation Monetization of other non-core Complete and exit Early in 4Q 2014 - 1Q 2015 businesses by…
  10. HOWARD WEIL 42ND ANNUAL ENERGY CONFERENCE – Weatherford International Ltd. – slide 10
    Rigs Business Overview Annual Revenue* International Footprint 1.6-1.8b 183 Drilling Rigs 284 Workover Rigs Annual EBITDA* 0.35-0.40b REGIONS Drilling Rigs LAM 31 Europe/Russia 183 - Europe 6 Workover Rigs - Russia 346…
  11. HOWARD WEIL 42ND ANNUAL ENERGY CONFERENCE – Weatherford International Ltd. – slide 11
    Other Four Businesses to be Divested Transactions expected to be complete by 4Q 2014 Pipeline & Specialty Testing & Production Drilling Fluids Wellheads Services Services Pre-commissioning Surface Well Testing Drilling Fluid…
  12. HOWARD WEIL 42ND ANNUAL ENERGY CONFERENCE – Weatherford International Ltd. – slide 12
    Divestiture Timeline Monetization of Other Four Businesses Pipeline and Specialty Services, Johnson Screens Testing and Production Services, 134M sales price Drilling Fluids, Closed 1Q13 Wellheads 2Q12 4Q13 4Q14 - 1Q15 1Q13…
  13. HOWARD WEIL 42ND ANNUAL ENERGY CONFERENCE – Weatherford International Ltd. – slide 13
    Transformation of Our Key Financial Metrics Operating Income Margin %* Revenue per Employee per Year Debt to Capitalization ( in thousands) 25% 400 60% 340 52% 20+ % 350 50% 20% 16.3% 300 250 40% 15% 250 200 30% 25% 10% 150 20%…
  14. HOWARD WEIL 42ND ANNUAL ENERGY CONFERENCE – Weatherford International Ltd. – slide 14
    Our Path to Sustaining Long-Term Performance Delever Increasing Free Cash Flow Proceeds from non-core businesses used to delever Derisk Selective growth fueled by secular trends Deliver Improved Profitability Clarity of focus…
  15. HOWARD WEIL 42ND ANNUAL ENERGY CONFERENCE – Weatherford International Ltd. – slide 15
    2014 Weatherford International Ltd. All rights reserved.
  16. HOWARD WEIL 42ND ANNUAL ENERGY CONFERENCE – Weatherford International Ltd. – slide 16
    Global Outlook North America Eastern Hemisphere Revenue growth and lower operating cost Europe and Caspian Strength supported by structure will help improve margins large contracts in Norway, the U.K. and Azerbaijan Turnaround U.S.…
  17. HOWARD WEIL 42ND ANNUAL ENERGY CONFERENCE – Weatherford International Ltd. – slide 17
    Disclaimer 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 and expectations…

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