2013 Credit Suisse Energy Summit Jeff Miller Executive Vice President and Chief Operating Officer February 5, 2013
2012 MAJOR ACHIEVEMENTS Record Revenue Expanding International Unconventionals Deploying Frac of the Future Key Wins in Deepwater, Mature Fields Superior Margins and Returns 3
BALANCED GROWTH AND RETURNS North America Revenue (Indexed) International Revenue (Indexed) Return on Average Capital Employed* 1Q10 to 4Q12 1Q10 to 4Q12 2010 to 2012 HAL Peer Group HAL Peer Group HAL Peer Group 300 180 172 170…
ENERGY TRENDS GLOBAL DEMAND Through 2030... Global Energy Consumption (mil tonnes oil eq.) 18,000 16,000 14,000 12,000 10,000 1.6 % 8,000 Annual Growth Rate 6,000 4,000 2,000 0 55% 2000 2005 2010 of Consumption…
ENERGY TRENDS LIQUID DEMAND Through 2030... Global Energy Consumption (mil tonnes oil eq.) 18,000 16,000 14,000 12,000 10,000 16% 8,000 Growth in Liquids Demand 6,000 4,000 2,000 0 61% 2000 2005 2010 Non-OECD…
ENERGY TRENDS NATURAL GAS DEMAND Through 2030... Global Energy Consumption (mil tonnes oil eq.) 18,000 16,000 14,000 12,000 10,000 30% of Incremental Energy 8,000 will be Provided by 6,000 Natural Gas 4,000…
RISING SPEND 4,000 Since 2000... Worldwide Rig Count 3,000 E&P Spend is up 2,000 130% 1,000 while Global Rig Count is up 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 80% Global E&P Spend…
RISING SERVICE INTENSITY 4,000 Since 2005... Worldwide Rig Count 3,000 Global Horizontal 2,000 Rig Count up 6x 1,000 Deepwater Rig Count Increased 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011…
MARKET DRIVERS IN THE UPCOMING CYCLE 10
GLOBAL UNCONVENTIONALS In every conceivable unconventional play, Halliburton experts offer unconventional wisdomfor unconventionally good results. 2012 HALLIBURTON. ALL RIGHTS RESERVED. 11
FRAC OF THE FUTURE Wellsite Efficiencies Capital Headcount Environmental Battle Red Advantage 2012 HALLIBURTON. ALL RIGHTS RESERVED. 12
DEEP WATER In-depth solutions for some of the worlds most complex and technically challenging wells 2012 HALLIBURTON. ALL RIGHTS RESERVED. 13
MARKET SIZE DEVELOPMENT vs. EXPLORATION 120 11% Average 100 Annual Growth Deepwater Well Spending (B) 80 60 5% 77% Exploration and Appraisal 40 Average Annual Growth 20 0 14% 2012 2013 2014 Development 2015 2016…
MATURE FIELDS Maximizing the value of mature fields through collaboration and insight to execution solutions. 2012 HALLIBURTON. ALL RIGHTS RESERVED. 15
THE VALUE OF COLLABORATION With solutions that cover the life of the well, we have customers coveredfrom exploration to abandonment 2012 HALLIBURTON. ALL RIGHTS RESERVED. 16
FIRST QUARTER INTERNATIONAL 2012 Q1 to 2013 Q1 (M) Impact in Q1 2013 Increased Service Base Mid-Teens Weather-Related Revenue Seasonality Growth Impact of Year-End Direct Sales Slow, Steady Margin Improvement Year-over-…
FIRST QUARTER NORTH AMERICA US Rig Count Impact in Q1 2013 2,000 Guar Cost Improvement 1,900 Q1 Activity Levels Down Compared to Q4 1,800 Continued Contract Renewal Pricing Softness 1,700 Margins Bottomed in Q4 2012 3Q12 4Q12…
SUMMARY Robust Outlook for Energy Services Execution of Key Themes Delivering Above-Market Growth Maintaining Capital Discipline and Focus on Returns 2012 HALLIBURTON. ALL RIGHTS RESERVED. 19
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