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37th Annual Raymond James Institutional Investors Conference – National Oilwell Varco, Inc.

National Oilwell Varco, Inc. · Mar 22, 2016 · 12 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. 37th Annual Raymond James Institutional Investors Conference – National Oilwell Varco, Inc. – slide 1
    NationalOilwellVarco 37th RaymondJamesAnnual InstitutionalInvestorsConference CLAYWILLIAMS President, Chairman, andCEO StatementsmadeinthecourseofthispresentationthatstatetheCompanysormanagementsintentions,hopes,beliefs,…
  2. 37th Annual Raymond James Institutional Investors Conference – National Oilwell Varco, Inc. – slide 2
    Theoilfieldsleadingequipmentand technologyprovider 50K employees 12.5B market capitalization 835 locations 14.8B annualrevenue 67 countries 1.1B adjusted netincome Note:…
  3. 37th Annual Raymond James Institutional Investors Conference – National Oilwell Varco, Inc. – slide 3
    Wemaintainabusinessinbalance Q415Revenues Completion& Production RigSystems Solutions 746M 1,015M Offshore Newbuilds 20% 757M Wellbore 569M Technologies 2016NOV RigAftermarket NOVQ415InvestorPresentation 4
  4. 37th Annual Raymond James Institutional Investors Conference – National Oilwell Varco, Inc. – slide 4
    Resizingbusinesstomeetmarketdemands 32%decrementals on6.7By-o-yrevenuedecline 25%headcountreduction 130facilitiesclosedand/orclosing SG&A-28%y-o-y 2016NOV NOVQ415InvestorPresentation 8
  5. 37th Annual Raymond James Institutional Investors Conference – National Oilwell Varco, Inc. – slide 5
    Balancesheetoptionalityallowsustobe opportunistic 2.1B cashbalance 5.5B working capital 1.8B netdebt 3.6B undrawncapacity onrevolver 9.1% netdebttocap 2015NOV NOVQ415InvestorPresentation 9
  6. 37th Annual Raymond James Institutional Investors Conference – National Oilwell Varco, Inc. – slide 6
    Weinvesttomaximizeshareholderreturns Capitaldeployment trailingthreeyears 1.8B organicgrowth 1.8B dividends 2.8B m&a 3.0B share repurchase 2015NOV NOVQ415InvestorPresentation 10
  7. 37th Annual Raymond James Institutional Investors Conference – National Oilwell Varco, Inc. – slide 7
    21st centuryoildemandsnewtechnologies Unconventionals Deepwater 4.5mmbopd 8.2mmbopd Source:EIAInternationalEnergyStatistics,Rystad Energy,andNOVresearch 2016NOV NOVQ415InvestorPresentation 24
  8. 37th Annual Raymond James Institutional Investors Conference – National Oilwell Varco, Inc. – slide 8
    Twosourcesofincrementalproduction IncrementalWorld LiquidsProductionbyType 99 +6.6 +1.1 OilSands OilSands +2.4 Unconv. Deepwater -1.6 Deepwater 66 MMBOPD ThoughDWandshaledriveincrementalgains,…
  9. 37th Annual Raymond James Institutional Investors Conference – National Oilwell Varco, Inc. – slide 9
    Shaleeconomicsimproveddramatically 2010 2015 AssumedWellCost 6,453,390 6,391,250 PadDeployment 8% 93% DrillingDaysperWell 28days/well 11days/well LateralLength 5,356ft 6,996ft TotalMeasuredDepth 13,350ft 14,800ft Frac Stages…
  10. 37th Annual Raymond James Institutional Investors Conference – National Oilwell Varco, Inc. – slide 10
    Shalecostsreduced30%+infiveyears EAGLEFORD 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…
  11. 37th Annual Raymond James Institutional Investors Conference – National Oilwell Varco, Inc. – slide 11
    Deepwatercostreductionsunderway BPMADDOG2 SHELLAPPOMATTOX TOTALKAOMBO 22B 20B 16B 10B 16B 12B Source:BP Source:Shell,NaturalGasIntelligence,WSJ Source:Pareto 2016NOV NOVQ415InvestorPresentation 29
  12. 37th Annual Raymond James Institutional Investors Conference – National Oilwell Varco, Inc. – slide 12
    NOVTurretMooredFPSO Proprietary 20%lesshull 25%lessmooring design constructioncost systemscost 2016NOV NOVQ415InvestorPresentation 30

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