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1Q14 EARNINGS PRESENTATION – Nabors Industries Ltd.

Nabors Industries Ltd. · Apr 23, 2014 · 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. 1Q14 EARNINGS PRESENTATION – Nabors Industries Ltd. – slide 1
    1Q14 Earnings Presentation April 23, 2014 Presenters: Anthony G. Petrello Chairman, President & Chief Executive Officer William Restrepo Vice President & Chief Financial Officer
  2. 1Q14 EARNINGS PRESENTATION – Nabors Industries Ltd. – slide 2
    Recent Highlights 3
  3. 1Q14 EARNINGS PRESENTATION – Nabors Industries Ltd. – slide 3
    Improving Financial Flexibility High End 2013 Current Change Change (MM's) 3/31/12 12/31/13 3/31/14 2012-2013 High-1Q14 Total Debt 4,773 3,914 3,818 (465) (955) Cash and ST Investments 494 507 425 (271) (69) Net Debt 4,279 3,407 3,393…
  4. 1Q14 EARNINGS PRESENTATION – Nabors Industries Ltd. – slide 4
    Financial Summary (000s except EPS) 1Q13 2Q13 3Q13 4Q13 1Q14 Revenue 1,538,373 1,459,326 1,548,965 1,605,390 1,587,173 EBITDA 412,503 355,814 439,337 437,242 391,168 Operating Income 143,138 89,604 165,893 159,584 109,041 (1)…
  5. 1Q14 EARNINGS PRESENTATION – Nabors Industries Ltd. – slide 5
    Drilling & Rig Services 6
  6. 1Q14 EARNINGS PRESENTATION – Nabors Industries Ltd. – slide 6
    Drilling & Rig Services Adjusted Income (Loss) Derived from Operating Activities (000s) 1Q13 2Q13 3Q13 4Q13 1Q14 Drilling & Rig Services: U.S. 77,595 69,813 92,710 75,378 72,494 Canada 30,518 3,895 12,244 14,536 26,160…
  7. 1Q14 EARNINGS PRESENTATION – Nabors Industries Ltd. – slide 7
    Global Rig Fleet Details AC SCR Mech Total Moving Systems Alaska Land 5 12 2 19 13 Lower 48 172 88 26 286 151 Offshore 9 40 1 50 n/a Canada 17 19 28 64 20 International Land 37 71 28 136 60 Total 240 230 85 555 244 Rigs by Power Type…
  8. 1Q14 EARNINGS PRESENTATION – Nabors Industries Ltd. – slide 8
    1Q14 Rig Utilization & Availability 1Q14 Rig Average Rig Fleet(1) Years Utilization U.S. Lower 48 AC 153 144 94% Legacy 114 43 38% U.S. Lower 48 Total 267 187 70% U.S. Offshore 23 12 52% Alaska 19 8 42% Canada 64 44 69%…
  9. 1Q14 EARNINGS PRESENTATION – Nabors Industries Ltd. – slide 9
    Driving Technology & Innovation PACE Rig Performance Feet/Day in SCOOP - 2013 Feet per Day PACE-X Competitor A1 Competitor A2 Competitor B PACE-X rigs outperformed competitors by an average of 17% in the SCOOP Feet/Day in…
  10. 1Q14 EARNINGS PRESENTATION – Nabors Industries Ltd. – slide 10
    PACE-X Rig Deployments & Rig Years 50 45 40 35 30 25 20 9.7 PACE-X Rig Years through 1Q14 15 10 5 0 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 Deployments Cumulative Deployments Cumulative Rig Year PACE-X Contract…
  11. 1Q14 EARNINGS PRESENTATION – Nabors Industries Ltd. – slide 11
    US Land Drilling Efficiencies Flattening Initial signs of diminishing efficiency improvements in key shale plays bode well for high-tech rig demand Wells per Rig 5.40 Trendline Wells/Rig 5.20 5.00 4.80 4.60 1Q12 2Q12…
  12. 1Q14 EARNINGS PRESENTATION – Nabors Industries Ltd. – slide 12
    International Working Rigs Algeria 10 Ecuador 6 Kurdistan 2 Romania 1 Angola 1 India 4 Kuwait 2 Russia 5 Argentina 21 Iraq 2 Malaysia 2 Saudi Arabia 32 Colombia 6 Italy 1 Mexico 12 UAE 1 Congo 1 Kazakhstan 1 Oman 4 Venezuela 5…
  13. 1Q14 EARNINGS PRESENTATION – Nabors Industries Ltd. – slide 13
    International Outlook Sustained upturn in the International rig market Market strength evidenced by renewals and rate increases New rig construction and major upgrades are impactful, and all should deploy within twelve months…
  14. 1Q14 EARNINGS PRESENTATION – Nabors Industries Ltd. – slide 14
    Completion & Production Services 15
  15. 1Q14 EARNINGS PRESENTATION – Nabors Industries Ltd. – slide 15
    Completion & Production Services Adjusted Income Derived from Operating Activities (000s) 1Q13 2Q13 3Q13 4Q13 1Q14 Completion & Production Services: Completion Services 17,756 6,870 13,024 14,072 (33,635) Production Services 26,014…
  16. 1Q14 EARNINGS PRESENTATION – Nabors Industries Ltd. – slide 16
    U.S. Completion & Production Services Fleet Frac Frac Region Rigs Trucks CTU Cementing Wireline SWD Crews Tanks Western 181 550 1,824 16 12 Rockies 74 9 58 322 1 9 10 2 Mid-Con 34 1 99 447 8 11 3 Northeast 7 5 100 599 40 15 West…
  17. 1Q14 EARNINGS PRESENTATION – Nabors Industries Ltd. – slide 17
    Outlook and Summary 18
  18. 1Q14 EARNINGS PRESENTATION – Nabors Industries Ltd. – slide 18
    Key Takeaways International poised for strong growth beginning in 2H 2014 U.S. Drilling benefits from PACE-X deployments and tightening rig market Larger global opportunity set relative to U.S. peers Opportunities for additional…
  19. 1Q14 EARNINGS PRESENTATION – Nabors Industries Ltd. – slide 19
    Appendix 20
  20. 1Q14 EARNINGS PRESENTATION – Nabors Industries Ltd. – slide 20
    EBITDA (000s) 1Q13 2Q13 3Q13 4Q13 1Q14 Drilling & Rig Services 346,238 316,630 384,188 380,242 382,238 Completion & 97,842 81,515 90,814 96,425 53,402 Production Services Other reconciling items (31,577) (42,331) (35,665)…
  21. 1Q14 EARNINGS PRESENTATION – Nabors Industries Ltd. – slide 21
    Nabors Global Infrastructure Margins and Activities 2Q13 3Q13 4Q13 1Q14 Drilling Margin (1) Rig Yrs Margin (1) Rig Yrs Margin (1) Rig Yrs Margin (1) Rig Yrs U.S. Lower 48 9,388 175.5 11,357 178.6 9,992 183.1 9,423 187.2 U.S.…

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