3Q17 Earnings Presentation October 25, 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 Signed an agreement in August to acquire all the issued and outstanding common shares of Tesco Corporation in an all-stock transaction Acquired Robotic Drilling Systems AS (RDS) in September, a provider of…
Debt and Liquidity As of September 30, 2017 High 4Q16 2Q17 3Q17 Change 3Q17 from 3/31/12 12/31/16 6/30/17 9/30/17 (MM's) 2Q17 Total Debt 4,750 3,579 3,740 3,959 218 Cash and ST Investments 494 295 232 220 (12) Net Debt 4,256…
Drilling and Rig Services 8
3Q17 Rig Utilization & Availability 3Q17 Average Average Rig Fleet(1) Rigs Working Utilization U.S. Lower 48 AC 1500HP 111 86 78% AC Others 73 12 17% SCR Rigs 24 3 13% U.S. Lower 48 Total 208 102 49% U.S. Offshore 16 3 16%…
Lower 48 Rig Utilization by Type As of September 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 83 136 61% 7 20…
Nabors Working Rigs As of September 30, 2017 US 105 Colombia 8 Algeria 4 Mexico 1 Saudi Arabia 41 Venezuela 5 Kuwait 3 PNG 1 Argentina 15 Oman 4 Ecuador 2 Italy 1 Canada 13 Kazakhstan 4 India 2 Russia 0 Total = 209 11
Tesco Corporation Acquisition Leveraging Nabors as the Performance Driller of Choice Top Performance Top Equipment Manufacturer & Driller of Choice Tubular Running Services Accelerates Technology Integration & Automation…
RDS Acquisition Advanced Robotics Technology for Automation Enhancement RDS will bring game-changing robotic capabilities to Canrig and Nabors rigs Key existing relationships with offshore drillers provide ready sales pipeline…
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 16
Rig Margins & Activity 4Q16 1Q17 2Q17 3Q17 Avg. Rigs Avg. Rigs Avg. Rigs Avg. Rigs Drilling Margin(1) Margin(1) Margin(1) Margin(1) Working Working Working Working U.S. Drilling 8,464 72.1 4,484 88.8 5,071 100.6 5,296…
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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