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2Q 2019 Earnings Presentation – Nabors Industries Ltd.

Nabors Industries Ltd. · Jul 30, 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. 2Q 2019 Earnings Presentation – Nabors Industries Ltd. – slide 1
    2Q19 Earnings Presentation July 30, 2019 Presented by: Anthony G. Petrello Chairman, President, & Chief Executive Officer William J. Restrepo Chief Financial Officer
  2. 2Q 2019 Earnings Presentation – Nabors Industries Ltd. – slide 2
    Recent Company Highlights Sequential L48 margins increased slightly to 10,222 from 10,170 in Q1 Deployed five PACE-M750 rigs in South and West Texas in 2Q 2019, completing planned L48 upgrades Pending International deployments:…
  3. 2Q 2019 Earnings Presentation – Nabors Industries Ltd. – slide 3
    Financial Overview 4
  4. 2Q 2019 Earnings Presentation – Nabors Industries Ltd. – slide 4
    Financial Summary (000 except EPS) 2Q18 3Q18 4Q18 1Q19 2Q19 Operating Revenues 761,920 779,425 782,080 799,640 771,406 Adjusted EBITDA(1) 187,683 200,960 201,619 196,996 198,407 Adjusted Operating(1) (30,579) (7,557)…
  5. 2Q 2019 Earnings Presentation – Nabors Industries Ltd. – slide 5
    Debt and Liquidity (As of June 30, 2019) High 4Q18 1Q19 2Q19 Change 2Q19 from 3/31/12 12/31/18 3/31/19 6/30/19 (MM's) 1Q19 Total Debt 4,750 3,586 3,678 3,551 (127) Cash and ST Investments 494 482 470 396 (74) Net Debt(1) 4,256…
  6. 2Q 2019 Earnings Presentation – Nabors Industries Ltd. – slide 6
    Debt Maturity Profile as of 6/30/19 All figures in millions Nearest Maturity in 2020 (1) Debt 6/30/19 Total Debt: 3.55Bn(2) Net Debt: 3.16Bn(2) Available Liquidity: 1.82Bn(3) * (2)(3) (Revolver Capacity + Cash)…
  7. 2Q 2019 Earnings Presentation – Nabors Industries Ltd. – slide 7
    Business Segments 8
  8. 2Q 2019 Earnings Presentation – Nabors Industries Ltd. – slide 8
    2Q19 Rig Utilization & Availability (1) 2Q19 Average Average Rig Fleet Rigs Working Utilization U.S. Lower 48 AC 1500HP 119 104 87% AC Others 63 8 13% SCR Rigs 9 2 22% U.S. Lower 48 Total 191 115 60% U.S. Offshore 12 4 33%…
  9. 2Q 2019 Earnings Presentation – Nabors Industries Ltd. – slide 9
    Lower 48 Rig Utilization by Type As of June 30, 2019 Rig Type Total Rigs Active Total Util. AC % PACE-X* 43 47 91% PACE-M750 7 7 100% PACE-M800 6 6 100% PACE-M1000 4 4 100% PACE-B 29 29 100% PACE -S 9 11 82% UPGRADED PACE-F…
  10. 2Q 2019 Earnings Presentation – Nabors Industries Ltd. – slide 10
    Nabors Drilling Operations As of June 30, 2019 Total = 213 U.S. 122 Kazakhstan 5 Venezuela 3 Mexico 2 Saudi Arabia 42 Oman 4 Algeria 2 Colombia 14 Canada 3 India 2 Argentina 9 Russia 3 Kuwait 2 11 Please refer to the…
  11. 2Q 2019 Earnings Presentation – Nabors Industries Ltd. – slide 11
    Appendix 12
  12. 2Q 2019 Earnings Presentation – Nabors Industries Ltd. – slide 12
    Rig Margins & Activity 2Q18 3Q18 4Q18 1Q19 2Q19 Avg. Rigs Avg. Rigs Avg. Rigs Avg. Rigs Avg. Rigs Margin(1) Margin(1) Margin(1) Margin(1) Margin(1) Working Working Working Working Working U.S. Drilling 9,381 112.1 10,540…
  13. 2Q 2019 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. 2Q 2019 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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