4Q13 Earnings Presentation – Nabors Industries Ltd.

Nabors Industries Ltd. · Feb 19, 2014 · 18 slides

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4Q13 Earnings Presentation February 19, 2014 Presenter: Anthony G. Petrello Chairman, President & Chief Executive Officer
Recent Highlights 3
Best Safety Performance In Company History Reduced Total Recordable Incidence Rate (TRIR) by 14% 2012 2013 Change Total Recordable Incidence Rate 1.18 1.01 (14%) (per 200,000 man hours) Total Recordable Incidence Rate (TRIR)…
Improving Financial Flexibility Refinanced 785mm (70%) of 2019, 9.25% notes 4Q 2013 annualized interest expense 59mm lower than a year ago Blended interest rate is now 4.56%, down from 5.48% High End 2012 Current Change Change…
Financial Summary (Ms except EPS) 4Q12 1Q13 2Q13 3Q13 4Q13 Revenue 1,571,745 1,538,373 1,459,326 1,548,965 1,605,390 EBITDA 427,144 412,503 355,814 439,337 437,242 Operating Income 153,662 143,138 89,604 165,893 159,584 (1)…
Drilling & Rig Services 7
Drilling & Rig Services Adjusted Income (Loss) Derived from Operating Activities (Ms) 4Q12 1Q13 2Q13 3Q13 4Q13 Drilling & Rig Services: U.S. 82,603 77,595 69,813 92,710 75,378 Canada 27,064 30,518 3,895 12,244 14,536…
Global Rig Fleet Details AC SCR Mech Total Moving Systems Alaska Land 5 12 2 19 13 Lower 48 172 88 26 286 151 Canada 17 19 28 64 20 International Land 35 73 26 134 60 Offshore 9 40 2 51 n/a Total 239 233 83 554 244 Rigs by Power Type…
4Q13 Rig Utilization & Availability Rig Fleet(1) 4Q13 Rig Years Utilization U.S. Lower 48 AC 148 139 94% Legacy 114 45 39% U.S. Lower 48 Total 262 183 70% U.S. Offshore 24 11 46% Alaska 19 5 26% Canada 64 33 52% International…
International Working Rigs Algeria 10 Ecuador 6 Kurdistan 2 Romania 1 Angola 1 India 5 Kuwait 2 Russia 5 Argentina 16 Iraq 4 Malaysia 2 Saudi Arabia 32 Colombia 8 Italy 1 Mexico 13 UAE 1 Congo 1 Kazakhstan 1 Oman 4 Venezuela 5…
Completion & Production Services 12
Completion & Production Services Adjusted Income Derived from Operating Activities (Ms) 4Q12 1Q13 2Q13 3Q13 4Q13 Completion & Production Services: Completion Services 30,296 17,756 6,870 13,024 14,072 Production Services 21,374…
U.S. Completion & Production Services Fleet Frac Frac Region Rigs Trucks CTU Cementing Wireline SWD Crews Tanks Western 181 528 1,824 16 12 Rockies 74 9 56 322 1 9 10 2 Mid-Con 34 1 104 462 8 11 3 Northeast 7 5 103 600 40 15 West…
Outlook and Summary 15
Key Takeaways International poised for strong growth beginning in 2H 2014 U.S. Drilling benefits from PACE-X deployments; option value in SCR rigs Larger global opportunity set relative to U.S.-centric peers Opportunities for…
Appendix 17
EBITDA (Ms) 4Q12 1Q13 2Q13 3Q13 4Q13 Drilling & Rig Services 359,999 346,238 316,630 384,188 380,242 Completion & 107,732 97,842 81,515 90,814 96,425 Production Services Other reconciling items (40,587) (31,577) (42,331)…
Nabors Global Infrastructure Margins and Activities 1Q13 2Q13 3Q13 4Q13 Drilling Margin (1) Rig Yrs Margin (1) Rig Yrs Margin (1) Rig Yrs Margin (1) Rig Yrs U.S. Lower 48 9,955 169.5 9,388 175.5 11,357 178.6 9,992 183.1 U.S.…

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