2Q17 Earnings Presentation August 2, 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 11 rigs in 2Q17 in the lower 48 (including two new PACE-X rigs), finishing the quarter at 101 rigs on revenue Currently operating 102 rigs in the lower 48 states with all PACE-X and PACE-M800…
Debt and Liquidity As of June 30, 2017 High 4Q16 1Q17 2Q17 Change 2Q17 from 3/31/2012 12/31/2016 3/31/2017 6/30/2017 (MM's) 1Q17 Total Debt 4,750 3,579 3,662 3,740 78 Cash and ST Investments 494 295 229 232 3 Net Debt 4,256…
Drilling and Rig Services 8
2Q17 Rig Utilization & Availability 2Q17 Average Average Rig Fleet(1) Rigs Working Utilization U.S. Lower 48 AC 1500HP 111 80 72% AC Others 72 12 17% SCR Rigs 24 3 10% U.S. Lower 48 Total 207 95 46% U.S. Offshore 17 3 15%…
Lower 48 Rig Utilization by Type As of June 30, 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 84 135 62% 8 20 40% 92…
Nabors Working Rigs As of June 30, 2017 US 108 Colombia 8 Algeria 4 Mexico 1 Saudi Arabia 41 Venezuela 5 Kuwait 3 PNG 1 Argentina 16 Oman 4 Ecuador 2 Italy 1 Canada 11 Kazakhstan 4 India 2 Russia 1 Total = 212 11
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…
PACE-M1000 - The SMARTRigTM Setting the New Gold Standard for Shale Drilling 1 Pad Optimal Capability With Automated Walking System 2 Side-SaddleTM Configuration 4 3 Hydraulic Raised Mast & Substructure 4 Hook Load 1,000,000…
PACE-X Quad Drilling Design Unique Design to Handle Stands of Four Drill Pipes vs. Three Decreases number of connections by 33% Extends duration where block can travel at full speed Example for a 3-well pad for customer: 900+…
Appendix 15
Rig Margins & Activity 3Q16 4Q16 1Q17 2Q17 Avg. Rigs Avg. Rigs Avg. Rigs Avg. Rigs Drilling Margin(1) Margin(1) Margin(1) Margin(1) Working Working Working Working U.S. Drilling 8,480 57.3 8,464 72.1 4,484 88.8 5,071…
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…
Loading...
