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Cowen and Co 5th Annual Ultimate Energy Conference – National Oilwell Varco, Inc.

National Oilwell Varco, Inc. · Dec 2, 2015 · 30 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. Cowen and Co 5th Annual Ultimate Energy Conference – National Oilwell Varco, Inc. – slide 1
    National Oilwell Varco Cowen & Co 5th Annual Ultimate Energy Conference Jose Bayardo Senior Vice President and Chief Financial Officer December 2, 2015 Statements made in the course of this presentation that state the Companys or…
  2. Cowen and Co 5th Annual Ultimate Energy Conference – National Oilwell Varco, Inc. – slide 2
    The oilfields leading equipment and technology provider 54K employees 14.0B market capitalization 867 locations 17.7B revenue ttm 67 countries 1.7B net income ttm Note: Net income excludes adjustments and…
  3. Cowen and Co 5th Annual Ultimate Energy Conference – National Oilwell Varco, Inc. – slide 3
    We support our customers in the never-ending battle to achieve the lowest marginal cost per barrel. 2015 NOV NOV Q315 Investor Presentation 3
  4. Cowen and Co 5th Annual Ultimate Energy Conference – National Oilwell Varco, Inc. – slide 4
    2015 NOV NOV Q315 Investor Presentation 4
  5. Cowen and Co 5th Annual Ultimate Energy Conference – National Oilwell Varco, Inc. – slide 5
    National Oilwell Varco The oilfields leading equipment and technology provider Market leadership in all we do Dependable partner in high-risk high-cost world Sustainable competitive advantage Resilient free cash flow generation…
  6. Cowen and Co 5th Annual Ultimate Energy Conference – National Oilwell Varco, Inc. – slide 6
    Investing to deepen competitive advantage Capital deployment trailing three years 1.8B organic growth 1.7B dividends 3.3B m&a 3.0B share repurchase 2015 NOV NOV Q315 Investor Presentation 6
  7. Cowen and Co 5th Annual Ultimate Energy Conference – National Oilwell Varco, Inc. – slide 7
    Supporting wells across their lifecycle 2015 NOV NOV Q315 Investor Presentation 7
  8. Cowen and Co 5th Annual Ultimate Energy Conference – National Oilwell Varco, Inc. – slide 8
    Maintaining a business in balance Q315 Revenues Completion & Production Rig Systems Solutions 798M Offshore 1,495M Newbuilds 26% 834M Wellbore 570M Technologies 2015 NOV Rig Aftermarket NOV Q315 Investor Presentation 8
  9. Cowen and Co 5th Annual Ultimate Energy Conference – National Oilwell Varco, Inc. – slide 9
    Serving a critical industry 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…
  10. Cowen and Co 5th Annual Ultimate Energy Conference – National Oilwell Varco, Inc. – slide 10
    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…
  11. Cowen and Co 5th Annual Ultimate Energy Conference – National Oilwell Varco, Inc. – slide 11
    21st century oil: incremental sources Unconventionals Deepwater 4.5 mmbopd 8.2 mmbopd Source: EIA International Energy Statistics, Rystad Energy, and NOV research 2015 NOV NOV Q315 Investor Presentation 11
  12. Cowen and Co 5th Annual Ultimate Energy Conference – National Oilwell Varco, Inc. – slide 12
    Customer challenges create opportunities Equipment Waste Horizontal Hydraulic uptime management drilling stimulation Automation and Corrosion Complex safety control FPSOs 2015 NOV NOV Q315 Investor Presentation 12
  13. Cowen and Co 5th Annual Ultimate Energy Conference – National Oilwell Varco, Inc. – slide 13
    Equipment uptime 2015 NOV NOV Q315 Investor Presentation 13
  14. Cowen and Co 5th Annual Ultimate Energy Conference – National Oilwell Varco, Inc. – slide 14
    Waste management 2015 NOV NOV Q315 Investor Presentation 14
  15. Cowen and Co 5th Annual Ultimate Energy Conference – National Oilwell Varco, Inc. – slide 15
    Horizontal drilling 2015 NOV NOV Q315 Investor Presentation 15
  16. Cowen and Co 5th Annual Ultimate Energy Conference – National Oilwell Varco, Inc. – slide 16
    Hydraulic stimulation 2015 NOV NOV Q315 Investor Presentation 16
  17. Cowen and Co 5th Annual Ultimate Energy Conference – National Oilwell Varco, Inc. – slide 17
    Automation and safety 2015 NOV NOV Q315 Investor Presentation 17
  18. Cowen and Co 5th Annual Ultimate Energy Conference – National Oilwell Varco, Inc. – slide 18
    Corrosion control 2015 NOV NOV Q315 Investor Presentation 18
  19. Cowen and Co 5th Annual Ultimate Energy Conference – National Oilwell Varco, Inc. – slide 19
    1997 rig construction model Classification Drilling Agencies Contractor Equipment Shipyard Suppliers 2015 NOV NOV Q315 Investor Presentation 19
  20. Cowen and Co 5th Annual Ultimate Energy Conference – National Oilwell Varco, Inc. – slide 20
    Industrialized rig construction model Equipment Suppliers Drilling Shipyard Contractor Classification Agencies 2015 NOV NOV Q315 Investor Presentation 20
  21. Cowen and Co 5th Annual Ultimate Energy Conference – National Oilwell Varco, Inc. – slide 21
    Complex FPSO build 2015 NOV NOV Q315 Investor Presentation 21
  22. Cowen and Co 5th Annual Ultimate Energy Conference – National Oilwell Varco, Inc. – slide 22
    21st century oil: incremental sources Unconventionals Deepwater 4.5 mmbopd 8.2 mmbopd Source: EIA, Rystad Energy, and NOV research 2015 NOV NOV Q315 Investor Presentation 22
  23. Cowen and Co 5th Annual Ultimate Energy Conference – National Oilwell Varco, Inc. – slide 23
    The development of shale basins 2015 NOV NOV Q315 Investor Presentation 23 Bowland Basin, UK Baltic Basin, Poland Burgos Basin, Mexico Neuquen Basin, Argentina Karoo Basin, South Africa Cooper…
  24. Cowen and Co 5th Annual Ultimate Energy Conference – National Oilwell Varco, Inc. – slide 24
    Improving shale economics: Eagle Ford 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. Cowen and Co 5th Annual Ultimate Energy 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,…
  26. Cowen and Co 5th Annual Ultimate Energy Conference – National Oilwell Varco, Inc. – slide 26
    21st century oil: incremental sources Unconventionals Deepwater 4.5 mmbopd 8.2 mmbopd Source: EIA International Energy Statistics, Rystad Energy, and NOV research 2015 NOV NOV Q315 Investor Presentation 26
  27. Cowen and Co 5th Annual Ultimate Energy 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, Natural Gas Intelligence, Wall Source: Pareto Securities Research Street Journal…
  28. Cowen and Co 5th Annual Ultimate Energy 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 Q315 Investor Presentation 28
  29. Cowen and Co 5th Annual Ultimate Energy Conference – National Oilwell Varco, Inc. – slide 29
    Focusing 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. Cowen and Co 5th Annual Ultimate Energy Conference – National Oilwell Varco, Inc. – slide 30
    National Oilwell Varco The oilfields leading equipment and technology provider Market leadership in all we do Dependable partner in high-risk high-cost world Sustainable competitive advantage Resilient free cash flow generation…

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