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2Q 2018 Earnings Presentation – Nabors Drilling Canada Limited

Nabors Drilling Canada Limited · Aug 1, 2018 · 14 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. 2Q 2018 Earnings Presentation – Nabors Drilling Canada Limited – slide 1
    2Q18 Earnings Presentation August 1, 2018 Presented by: Anthony G. Petrello Chairman, President, & Chief Executive Officer William J. Restrepo Chief Financial Officer
  2. 2Q 2018 Earnings Presentation – Nabors Drilling Canada Limited – slide 2
    Forward-Looking Statements and Non-GAAP Financial Measures We often discuss expectations regarding our future markets, demand for our products and services, and our performance in our annual, quarterly, and current reports, press…
  3. 2Q 2018 Earnings Presentation – Nabors Drilling Canada Limited – slide 3
    Recent Company Highlights Increased U.S. Drilling average daily margins to 9,381 from 8,171 in Q1 L48 Margins increased to 7,402 from 6,938, a 7% sequential increase Full quarter of full operating rate for MODS 400 Platform Rig (Big…
  4. 2Q 2018 Earnings Presentation – Nabors Drilling Canada Limited – slide 4
    Financial Overview 4
  5. 2Q 2018 Earnings Presentation – Nabors Drilling Canada Limited – slide 5
    Financial Summary (000 except EPS) 2Q17 3Q17 4Q17 1Q18 2Q18 Operating Revenues 631,355 662,103 708,277 734,194 761,920 Adjusted EBITDA(1) 138,796 142,870 162,557 168,414 187,683 Adjusted Operating(1) (69,294) (74,205)…
  6. 2Q 2018 Earnings Presentation – Nabors Drilling Canada Limited – slide 6
    Debt and Liquidity (As of June 30, 2018) High 2Q17 1Q18 2Q18 Change 2Q18 from 3/31/12 6/30/17 3/31/18 6/30/18 (MM's) 1Q18 Total Debt 4,750 3,740 4,257 3,819 (438) Cash and ST Investments 494 232 394 637 243 Net Debt(1) 4,256 3,508…
  7. 2Q 2018 Earnings Presentation – Nabors Drilling Canada Limited – slide 7
    Business Segments 7
  8. 2Q 2018 Earnings Presentation – Nabors Drilling Canada Limited – slide 8
    2Q18 Rig Utilization & Availability 2Q18 Average Average Rig Fleet(1) Rigs Working Utilization U.S. Lower 48 AC 1500HP 116 94 81% AC Others 72 9 12% SCR Rigs 24 3 11% U.S. Lower 48 Total 212 106 50% U.S. Offshore 14 3 21%…
  9. 2Q 2018 Earnings Presentation – Nabors Drilling Canada Limited – slide 9
    Lower 48 Rig Utilization by Type As of June 30, 2018 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 94 141 67% 7 20 35%…
  10. 2Q 2018 Earnings Presentation – Nabors Drilling Canada Limited – slide 10
    Nabors Drilling Operations As of June 30, 2018 Total = 223 US 112 Colombia 12 Algeria 3 Italy 1 UAE 0 Saudi Arabia(1) 43 Venezuela 5 Kuwait 3 Ecuador 1 Argentina 15 Oman 4 India 2 Russia 1 116 Canada 15 Kazakhstan 4 Mexico 2…
  11. 2Q 2018 Earnings Presentation – Nabors Drilling Canada Limited – slide 11
    Appendix 11
  12. 2Q 2018 Earnings Presentation – Nabors Drilling Canada Limited – slide 12
    Rig Margins & Activity 3Q17 4Q17 1Q18 2Q18 Avg. Rigs Avg. Rigs Avg. Rigs Avg. Rigs Margin(1) Margin(1) Margin(1) Margin(1) Working Working Working Working U.S. Drilling 5,296 107.2 6,444 106.3 8,171 111.8 9,381 112.1…
  13. 2Q 2018 Earnings Presentation – Nabors Drilling Canada Limited – slide 13
    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…
  14. 2Q 2018 Earnings Presentation – Nabors Drilling Canada Limited – slide 14
    Reconciliation of Net Debt to Total Debt Net debt is computed by subtracting the sum of cash, cash equivalents, and short-term investments from total debt. This non-GAAP measure has limitations and therefore should not be used in…

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