Barclays capital Ceo Energy power conference – Weatherford International Ltd.

Weatherford International Ltd. · Sep 9, 2015 · 16 slides

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Barclays capital Ceo Energy power conference New york, new york September 9, 2015 Weatherford International plc 2015 Weatherford International plc. All rights reserved. 1
One perception 2015 Weatherford International plc. All rights reserved. 2
Reality of our position complete technology global offering depth infrastructure low Power of market share integration Changed Operating economics And culture 2015 Weatherford International plc. All rights reserved. 3
Our complete offering and technology depth FORMATION WELL COMPLETION EVALUATION PRODUCTION Land rigs CONSTRUCTION Complete Reservoir Industry Leadership: Differentiated Industry Leadership: Weatherford has 113 Evaluation and…
Our broad global infrastructure NORTH AMERICA Manufacturing and Service 605 Employees 30% Aberdeen Moscow LATIN AMERICA Calgary Manufacturing and Service 226 Employees 20% Switzerland Houston EUROPE / RUSSIA Dubai Manufacturing and…
Our actions and objectives 2015 Weatherford International plc. All rights reserved. 6
Power of focus cost returns Competitive positioning 2015 Weatherford International plc. All rights reserved. 7
Lowering Cost headcount reduction 6,096 Year-End Headcount 2013 - 2015E Positions eliminated in 2014 70,000 67,000 11,000 60,000 56,000 Previously targeted in 2015 50,000 Headcount 44,000 (98% completed*) 41,000 40,000 3,000…
Lowering Cost eliminate unprofitable operations 64 operating locations Calgary Aberdeen Switzerland Moscow closed in 2014 Houston Dubai 60 operating facilities closed in 1H15 Bogota Singapore 3 manufacturing and service…
Permanently transforming our cost structure Core Businesses Support Ratio* 70% Targeted 2015 core support ratio 59% 60% Below 40% 50% 45% 42% Below 40% Low-mid 30% 40% 30% Core support ratio improved by 17% from 2013 2015…
Permanently transforming our cost structure 2014 2015E Annualized Cost Saving 1.7B 1,800 1.7B in millions 1,600 1,400 Cost Savings 2014-2015 1,200 1.1B 1,000 800 600M 602M 600 400 200 Permanent Cost Savings - ACTUAL…
Returns: 2015 and beyond will see positive free cash flow We are Working Capital 500M+; change in net Working Capital increase 750 YoY intensifying our efforts on Free Cash Flow Capex Full year 725M; 50% of 2014 generation Iraq /…
A disciplined approach Capital Expenditures* 2007-2015E Former years of overspending Infrastructure, Real Estate, 50% 3,000 30% Product Line Development Reduction 2,500 25% 26% 2,000 20% Significantly lower In millions 14%…
Ample balance sheet liquidity Available liquidity 1.9B Total Debt to Total Capitalization Ratio* 12 65% No covenant breach 51.8% vs. 60% covenant 10 60% (Debt Covenant) concerns 8 55% In billions 6 50% No further asset…
Easily manageable debt 14 year gap 1,200 9.625% 1,000 5.125% 800 4.5% millions 6.35% 600 6.75% 6.0% 6.50% 7.0% 1,000 5.95% 400 5.50% 800 685 6.80% 600 500 9.875% 570 445 350 500 500 200 300 250 0 2016 2017…
Our outlook what we do know Decline Rates are Destiny Weatherford is a Different Company Competitive Context Favorable 2015 Weatherford International plc. All rights reserved. 16

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