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4Q 2018 Earnings Presentation – Nabors Industries Ltd.

Nabors Industries Ltd. · Feb 26, 2019 · 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. 4Q 2018 Earnings Presentation – Nabors Industries Ltd. – slide 1
    4Q18 Earnings Presentation February 26, 2019 Presented by: Anthony G. Petrello Chairman, President, & Chief Executive Officer William J. Restrepo Chief Financial Officer
  2. 4Q 2018 Earnings Presentation – Nabors Industries Ltd. – slide 2
    Recent Company Highlights Increased U.S. Drilling average daily margins to 11,428 from 10,540 in Q3 L48 Margins increased to 9,428 from 8,732, an 8% sequential increase Recent U.S. Rig Deployments Upgraded PACE-F rigs in the…
  3. 4Q 2018 Earnings Presentation – Nabors Industries Ltd. – slide 3
    Financial Overview 4
  4. 4Q 2018 Earnings Presentation – Nabors Industries Ltd. – slide 4
    Financial Summary (000 except EPS) 4Q17 1Q18 2Q18 3Q18 4Q18 Operating Revenues 708,277 734,194 761,920 779,425 782,080 Adjusted EBITDA(1) 162,557 168,414 187,683 200,960 201,619 Adjusted Operating(1) (51,549) (45,034)…
  5. 4Q 2018 Earnings Presentation – Nabors Industries Ltd. – slide 5
    Debt and Liquidity (As of December 31, 2018) High 4Q17 3Q18 4Q18 Change 4Q18 from 3/31/12 12/31/17 9/30/18 12/31/18 (MM's) 3Q18 Total Debt 4,750 4,028 3,738 3,586 (152) Cash and ST Investments 494 365 389 482 (93) Net Debt(1) 4,256…
  6. 4Q 2018 Earnings Presentation – Nabors Industries Ltd. – slide 6
    Debt Maturity Profile as of 12/31/18 All figures in millions Nearest Maturity in 2020 (1) 2,500 Debt 12/31/18 Total Debt: 3.59Bn(2) Total Liquidity: 2,000 Net Debt: 3.10Bn(2) 2.25 Billion 482 Available Liquidity: 2.25Bn(3) 1,500…
  7. 4Q 2018 Earnings Presentation – Nabors Industries Ltd. – slide 7
    Business Segments 8
  8. 4Q 2018 Earnings Presentation – Nabors Industries Ltd. – slide 8
    4Q18 Rig Utilization & Availability (1) 4Q18 Average Average Rig Fleet Rigs Working Utilization U.S. Lower 48 AC 1500HP 112 99 88% AC Others 70 10 14% SCR Rigs 12 2 17% U.S. Lower 48 Total 194 111 57% U.S. Offshore 12 3 25%…
  9. 4Q 2018 Earnings Presentation – Nabors Industries Ltd. – slide 9
    Lower 48 Rig Utilization by Type As of December 31, 2018 Pad Not Pad Total Capable Capable Rigs Active Total Total Active Total Util. Active Total Util. AC 108 158 68% 3 26 12% 111 184 60% PACE-X 46 47 98% 0 0 0% 46 47 98%…
  10. 4Q 2018 Earnings Presentation – Nabors Industries Ltd. – slide 10
    Nabors Drilling Operations As of December 31, 2018 Total = 234 US 123 Colombia 14 Russia 3 Italy 1 UAE 0 Saudi Arabia 41 Kazakhstan 5 India 2 Venezuela 1 Canada 18 Oman 4 Kuwait 2 Ecuador 0 Argentina 15 Algeria 3 Mexico 2 PNG…
  11. 4Q 2018 Earnings Presentation – Nabors Industries Ltd. – slide 11
    Appendix 12
  12. 4Q 2018 Earnings Presentation – Nabors Industries Ltd. – slide 12
    Rig Margins & Activity 1Q18 2Q18 3Q18 4Q18 Avg. Rigs Avg. Rigs Avg. Rigs Avg. Rigs Margin(1) Margin(1) Margin(1) Margin(1) Working Working Working Working U.S. Drilling 8,171 111.8 9,381 112.1 10,540 111.6 11,428 117.3…
  13. 4Q 2018 Earnings Presentation – Nabors Industries Ltd. – slide 13
    Reconciliation of Adjusted EBITDA to Income (Loss) from Cont. Operations Before Income Taxes Adjusted operating income (loss) represents income (loss) from continuing operations before income taxes, interest expense, earnings (losses)…
  14. 4Q 2018 Earnings Presentation – Nabors Industries Ltd. – 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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