1Q17 Earnings Presentation April 27, 2017 Presented by: Anthony G. Petrello Chairman, President, & Chief Executive Officer William J. Restrepo Chief Financial Officer
Non-GAAP Financial Measures This presentation refers to certain non-GAAP financial measures, such as adjusted EBITDA, adjusted operating income (loss) and net debt. The components of these non-GAAP measures are computed by using amounts…
Recent Company Highlights Deployment of 18 rigs in 1Q17 in the lower 48 (including two new PACE-M800s), finishing the quarter at 90 rigs on revenue Currently operating 93 rigs in the lower 48 with all X and M800s fully utilized…
Debt and Liquidity As of March 31, 2017 High 4Q15 4Q16 1Q17Change 1Q17 from 3/31/2012 9/30/2016 12/31/2016 3/31/2017 (MM's) 4Q16 Total Debt 4,750 3,662 3,579 3,662 83 Cash and ST Investments 494 275 295 229 (67) Net Debt 4,256…
Drilling and Rig Services 8
The iRig Ultimate Land Drilling Technology & Capabilities PAD-OPTIMAL RIGS OTHER NBR RIGS PACE-X800, PACE-M800, PACE-M550, Rigs PACE-M1000, PACE-X700 International Rigs RIGTELLIGENT TM INTEGRATED OPERATING SYSTEM Software/…
1Q17 Rig Utilization & Availability 1Q17 Average Average Rig Fleet(1) Rigs Working Utilization U.S. Lower 48 AC 1500HP 108 70 65% AC Others 73 10 14% SCR Rigs 23 3 12% U.S. Lower 48 Total 205 83 40% U.S. Offshore 17 3 18%…
Lower 48 Rig Utilization by Type As of March 31, 2017 Pad Not Pad Total Walking Skidding Capable Capable Rigs Active Total Util. Active Total Util. Active Total Total Active Total Util. Active Total Util. AC 74 130 57% 7 22 32%…
Nabors Working Rigs As of March 31, 2017 US 96 Colombia 8 Algeria 3 Mexico 2 Saudi Arabia 41 Venezuela 5 Ecuador 2 PNG 1 Canada 17 Oman 4 Kuwait 2 Italy 1 Argentina 15 Kazakhstan 4 India 2 Russia 1 Total = 204 12
Saudi Arabia Joint Venture Expecting Robust Growth in Rigs and Well Count(1) Future Drilling Well Count(1) 100% Increase * Manifa Field - Saudi Arabia Our ability to increase supplies of natural gas to reduce the…
Appendix 14
Rig Margins & Activity 2Q16 3Q16 4Q16 1Q17 Avg. Rigs Avg. Rigs Avg. Rigs Avg. Rigs Drilling Margin(1) Margin(1) Margin(1) Margin(1) Working Working Working Working U.S. Drilling 12,274 53.7 8,480 57.3 8,464 72.1 4,484…
Reconciliation of Adjusted EBITDA to Income (Loss) from Cont. Operations Before Income Taxes Adjusted EBITDA is computed by subtracting the sum of direct costs, general and administrative expenses and research and engineering expenses…
Reconciliation of Net Debt to Total Debt Net debt is computed by subtracting the sum of cash and short-term investments from total debt. This non-GAAP measure has limitations and therefore should not be used in isolation or as a…
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