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Barclay CEO Energy Power Conference – National Oilwell Varco, Inc.

National Oilwell Varco, Inc. · Sep 10, 2015 · 32 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. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 1
    National Oilwell Varco Barclays CEO Energy-Power Conference Clay Williams President, Chairman, and Chief Executive Officer September 10, 2015
  2. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 2
    NOV by the numbers Global market leader 55K employees 15.6B market capitalization 67 countries 20.0B revenue ttm 880 locations 2.2B net income ttm Note: net income excludes adjustments and non-recurring items 2015…
  3. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 3
    NOV in balance Q215 Revenues Completion & Production Solutions Rig Systems 873M North International America 1,930M 25% 956M 657M 75% Wellbore Technologies Rig Aftermarket 2015 NOV NOV Q215 Investor Presentation 3
  4. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 4
    Capital deployment priorities Trailing three years 1.9B organic growth 1.6B dividends 3.0B m&a 2.6B share repurchase 2015 NOV NOV Q215 Investor Presentation 4
  5. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 5
    A lifecycle business 2015 NOV NOV Q215 Investor Presentation 5
  6. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 6
    National Oilwell Varco The oilfields leading technology and equipment provider Market leadership in all we do Dependable partner in high-risk high-cost world Sustainable competitive advantage Attractive reinvestment opportunities…
  7. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 7
    The great energy challenge of the future, which will test all sources, is meeting the demand growth of a growing world. -- Daniel Yergin Vice Chairman, IHS Source: ExxonMobil The Outlook for Energy: A View to 2040 2015 NOV NOV…
  8. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 8
    By the year 2040 MORE PEOPLE +2B global population increase with MORE MONEY +130% larger global economy demand MORE ENERGY +35% global energy demand to grow and thrive 1 Based on current global population of 7B 2 Globally GDP…
  9. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 9
    2015 NOV NOV Q215 Investor Presentation 9
  10. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 10
    We serve a growth industry PROGRESSION OF REPLACEMENT OF DEVELOPMENT OF BUILD-OUT OF UNCONVENTIONAL AGING RIG FLEET DEEPWATER RIG FLOATING TECHNOLOGIES FLEET PRODUCTION SYSTEMS 2015 NOV NOV Q215 Investor Presentation 10
  11. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 11
    21st century oil Unconventionals Deepwater 4.5 MM bbl/DAY 8.2 MM bbl/DAY Source: EIA International Energy Statistics, Rystad Energy, and NOV research 2015 NOV NOV Q215 Investor Presentation 11
  12. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 12
    Equipment uptime Waste management Horizontal drilling Hydraulic stimulation Complex Safety Corrosion FPSO build 2015 NOV NOV Q215 Investor Presentation 12
  13. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 13
    Equipment uptime 2015 NOV NOV Q215 Investor Presentation 13
  14. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 14
    Waste management 2015 NOV NOV Q215 Investor Presentation 14
  15. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 15
    Horizontal drilling 2015 NOV NOV Q215 Investor Presentation 15
  16. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 16
    Hydraulic stimulation 2015 NOV NOV Q215 Investor Presentation 16
  17. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 17
    Safety 2015 NOV NOV Q215 Investor Presentation 17
  18. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 18
    Corrosion 2015 NOV NOV Q215 Investor Presentation 18
  19. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 19
    1997 rig construction model Classification Drilling Agencies Contractor Equipment Shipyard Suppliers 2015 NOV NOV Q215 Investor Presentation 19
  20. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 20
    Industrialized rig construction model Equipment Suppliers Drilling Shipyard Contractor Classification Agencies 2015 NOV NOV Q215 Investor Presentation 20
  21. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 21
    Complex FPSO build 2015 NOV NOV Q215 Investor Presentation 21
  22. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 22
    21st century oil Unconventionals Deepwater 4.5 MM bbl/DAY 8.2 MM bbl/DAY Source: EIA International Energy Statistics, Rystad Energy, and NOV research 2015 NOV NOV Q215 Investor Presentation 22
  23. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 23
    2015 NOV NOV Q215 Investor Presentation 23
  24. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 24
    Eagle Ford - improving economics 2010 2015 Assumed Well Cost 6,453,390 6,391,250 Pad Deployment 8% 93% Drilling Days per Well 28 days/well 11 days/well Lateral Length 5,356 ft 6,996 ft Total Measured Depth 13,350 ft 14,800 ft Frac…
  25. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 25
    Shale cost reductions EAGLE FORD BAKKEN MARCELLUS 107.74 99.37 4.60 /boe /boe /mcf 2010 2010 2010 52.16 65.49 3.17 /boe /boe /mcf 2015 2015 2015 Assumes 20% IRR. Sources Bloomberg New Energy Finance, Oil…
  26. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 26
    21st century oil Unconventionals Deepwater 4.5 MM bbl/DAY 8.2 MM bbl/DAY Source: EIA International Energy Statistics, Rystad Energy, and NOV research 2015 NOV NOV Q215 Investor Presentation 26
  27. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 27
    Deepwater cost reductions BP MAD DOG 2 SHELL APPOMATTOX TOTAL KAOMBE 22B 20B 16B 14B 16B 12B Source: BP Investor Presentation Source: Shell Investor Presentation, Natural Source: Pareto Securities Research Gas Intelligence,…
  28. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 28
    NOV Turret Moored FPSO Proprietary 20% less hull 25% less mooring design construction cost systems cost 2015 NOV NOV Q215 Investor Presentation 28
  29. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 29
    Focus on what we can control Managing NOV to market, reducing cost while advancing long-term strategy Experienced leadership team Full-cycle business model Commitment to operational excellence Acute focus on cost reduction and…
  30. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 30
    National Oilwell Varco The oilfields leading technology and equipment provider Market leadership in all we do Dependable partner in high-risk high-cost world Sustainable competitive advantage Attractive reinvestment opportunities…
  31. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 31
    We power the industry that powers the world. 2015 NOV NOV Q215 Investor Presentation 31
  32. Barclay CEO Energy Power Conference – National Oilwell Varco, Inc. – slide 32
    2015 NOV NOV Q215 Investor Presentation 32

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