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Cowen and Company Annual Energy Conference – Weatherford International Ltd.

Weatherford International Ltd. · Dec 2, 2015 · 21 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 Company Annual Energy Conference – Weatherford International Ltd. – slide 1
    Weatherford international plc At the cowen & company 5th annual ultimate energy conference New york, ny December 2, 2015 2015 Weatherford International plc. All rights reserved. 1
  2. Cowen and Company Annual Energy Conference – Weatherford International Ltd. – slide 2
    The 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. 2
  3. Cowen and Company Annual Energy Conference – Weatherford International Ltd. – slide 3
    Our direction Our Actions and initiatives will be Centered Perennially around : Harvesting our core Lowering our cost structure Through cycles Allocating Capital and generating cash As company-wide discipline We confirm our…
  4. Cowen and Company Annual Energy Conference – Weatherford International Ltd. – slide 4
    Our core 2015 Weatherford International plc. All rights reserved. 4
  5. Cowen and Company Annual Energy Conference – Weatherford International Ltd. – slide 5
    Our complete offering and technology depth FORMATION WELL COMPLETION EVALUATION PRODUCTION Land rigs CONSTRUCTION ( non-core ) Complete Reservoir Industry Leadership: Differentiated Industry Leadership: Weatherford has 113…
  6. Cowen and Company Annual Energy Conference – Weatherford International Ltd. – slide 6
    Our broad global infrastructure NORTH AMERICA Manufacturing and Service 544 Employees 30% Aberdeen Moscow LATIN AMERICA Calgary Manufacturing and Service 219 Employees 20% Switzerland Houston EUROPE / RUSSIA Dubai Manufacturing and…
  7. Cowen and Company Annual Energy Conference – Weatherford International Ltd. – slide 7
    permanently transforming Our cost structure 2015 Weatherford International plc. All rights reserved. 7
  8. Cowen and Company Annual Energy Conference – Weatherford International Ltd. – slide 8
    Lowering Cost reducing headcount 6,096 80,000 Year-End Headcount* 2013 2015E Positions eliminated in 2014 70,000 67,000 60,000 56,000 2015 YTD net reduction of 50,000 14,500 positions Headcount 42,800 39,700 40,000 30,000…
  9. Cowen and Company Annual Energy Conference – Weatherford International Ltd. – slide 9
    Lowering Cost eliminating unprofitable operations 64 operating locations Calgary Aberdeen Switzerland Moscow closed in 2014 Houston Dubai 105 operating facilities closed in 2015 Bogota Johannesburg Singapore…
  10. Cowen and Company Annual Energy Conference – Weatherford International Ltd. – slide 10
    Peer Decrementals 2009 vs. 2015 2008-2009 YTD Decrementals 2014-2015 YTD Decrementals 0% 0% -20% -20% -40% -27.7% -31.3% -33.1% -40% -60% -55% -38.8% -65% -80% -60% -78% -100% -80% -120% -100% -140% -140% -160% -120%…
  11. Cowen and Company Annual Energy Conference – Weatherford International Ltd. – slide 11
    Permanently transforming our cost structure Core Businesses Support Ratio* Targeted 2015 core support ratio 70% 59% Below 40% 60% 50% 45% 39.8% Low-mid 30% 40% 30% Core support ratio improved 20% by 19% from 2013 2015 39.8%…
  12. Cowen and Company Annual Energy Conference – Weatherford International Ltd. – slide 12
    Permanently transforming our cost structure 2014-2015E Annualized Cost Savings 2B 2,200 2.0B in millions 2,000 1,800 Cost Savings 2014-2015 1,600 1.4B 1,400 1,200 1,000 800 750M 600 400 200 602M Permanent Cost…
  13. Cowen and Company Annual Energy Conference – Weatherford International Ltd. – slide 13
    Systematic talent development 8 REGIONS 6 NEW LEADERS Our TALENT Initiatives and Culture Introduced systemic and collaborative talent review process, achieving high level of leadership engagement Reformed philosophy and approach…
  14. Cowen and Company Annual Energy Conference – Weatherford International Ltd. – slide 14
    Cash and returns 2015 Weatherford International plc. All rights reserved. 14
  15. Cowen and Company Annual Energy Conference – Weatherford International Ltd. – slide 15
    Returns 2015 and beyond will see positive free cash flow Working Capital 560M in 2015 vs. (240M) in 2014 We are Capex 650M in 2015 vs. 1,450M in 2014 intensifying our efforts on Iraq / zubair Mechanical Completion milestone…
  16. Cowen and Company Annual Energy Conference – Weatherford International Ltd. – slide 16
    2016 free cash flow to repay debt maturities Working Capital Increased earnings and working capital offset Inventory and DSO continue to decrease 2016 non-recurring Capex 2016 capex expected to be 400M, 250M less than 2015 charges…
  17. Cowen and Company Annual Energy Conference – Weatherford International Ltd. – slide 17
    Easily manageable debt 14 year gap 1,200 9.625% 1,000 5.125% 800 4.5% millions 6.35% 600 6.0% 6.75% 1,000 6.50% 7.0% 5.95% 400 5.50% 800 646 6.80% 600 9.875% 500 455 461 487 200 412 350 300 250 0 2016 2017…
  18. Cowen and Company Annual Energy Conference – Weatherford International Ltd. – slide 18
    A disciplined approach Capital Expenditures* 2007-2015E Former years of overspending Infrastructure, Real Estate, 55% 3,000 30% Product Line Development Reduction 2,500 25% 26% 2,000 20% Significantly lower In millions 14%…
  19. Cowen and Company Annual Energy Conference – Weatherford International Ltd. – slide 19
    Our outlook 2015 Weatherford International plc. All rights reserved. 19
  20. Cowen and Company Annual Energy Conference – Weatherford International Ltd. – slide 20
    Weatherford today our company transformed Our Competitive Strengths Our operating capabilities are focused and immeasurably stronger We have product line depth and breadth Our service and manufacturing infrastructure is vast and…
  21. Cowen and Company Annual Energy Conference – Weatherford International Ltd. – slide 21
    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. 21

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