NABORS INDUSTRIES 4Q 2019 Earnings Presentation Thursday, February 20, 2020 Friday, February 21, 2020
Recent Company Highlights Amended the 2018 RCF and extended nearly 1 billion of debt maturities Increased U.S. Drilling average daily margin to 12,642 in 4Q from 12,400 in 3Q Lower 48 daily margin held essentially flat at 10,218 as…
FINANCIAL OVERVIEW 4
Financial Summary (000 except EPS) 4Q18 1Q19 2Q19 3Q19 4Q19 Operating Revenues 782,080 799,640 771,406 758,076 714,261 Income (Loss) from Continuing Operations (143,594) (73,577) (181,403) (75,885) (258,057) before income…
Debt Maturity Profile as of December 31, 2019 Debt 12/31/19 Total Debt: 3.33Bn(2) Net Debt: 2.88Bn(2) Available Liquidity: 1.76Bn(2) (2)(3) (Revolver (1) (1) Capacity + Cash) (1) Annual figures shown in millions at…
Debt Maturity Profile Proforma for Offerings & Tender Tenders accepted in January 2020 (1) (1) (1) Annual figures shown in millions at maturity value. 7
BUSINESS SEGMENTS 8
Lower 48 Rig Utilization by Type Rig Type Total Rigs (1) Active Total Util. AC % PACE-X 41 47 87% PACE -M750 7 7 100% PACE - M800 6 6 100% PACE -M1000 4 4 100% PACE -B 23 29 79% PACE -S 5 11 45% UPGRADED PACE -F…
Focus on Mission Zero TRIR 2.0 1.71 Lower 48 solidly 1.8 1.6 1.4 IADC outperforming the 1.2 1.0 0.8 industry average 0.93 0.6 0.4 0.2 NBR reported TRIR 0.0 10
Successfully Improving Customer Mix Market Peak - 2014 4Q 2019 30% Growing position with 41% 48% the top customers in 70% 1% the Lower 48 11% Tier 1 Tier 2 Tier 3 11
Continuing to Build Market Share with the Super Majors 2014 2019 NBR Compared to 9% 14% 7% 22% HP market peak, 7% 35% PTEN Nabors gained 8% ESI 22% 13% of the PDS 11% 39% Other super major 26% market share 54 Active AC…
Nabors Drilling Operations as of December 31, 2019 Total of 204 U.S. 101 Saudi Arabia 42 Canada 15 Colombia 11 Argentina 10 Kazakhstan 6 Oman 4 Mexico 3 Russia 3 Venezuela 3 Algeria 2 India 2 Please refer to disclaimers on…
Powering Rigs with Alternative/Dual Fuel Nabors has long history of deploying rigs powered by alternative power sources Deployed first unit in 1985 on North Slope Highline capable Gas capable w/turbine Todays active North Slope…
Tubular Running Services Reinventing workflows, while delivering superior returns Automation and Leverage global Superior Financial 1 Integration 2 footprint to drive growth 3 Returns Integrated field organization creating…
Drilling Automation Industry leading digital products supported by scalable workflows Product Description Competitive Advantages Value Creation An intuitive directional steering Most sought after oscillation system by Deployed on…
WellBore Placement A unique DD/MWD company with a fully automated offering With the ability to deploy: Blue Force AccuLine MWD fleet Electro Magnetic one of the most versatile MWD Positive Mud Pulse Mud Motors Azimuthal Gamma…
APPENDIX 18
Financial Summary 4Q18 1Q19 2Q19 3Q19 4Q19 Avg. Rigs Avg. Rigs Avg. Rigs Avg. Rigs Avg. Rigs Margin(1) Working Margin(1) Working Margin(1) Working Margin(1) Working Margin(1) Working U.S. Drilling 11,428 117.3 12,350 120.9 12,061…
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)…
Reconciliation of Free Cash Flow to Net Cash Provided by Operating Activities Free cash flow represents net cash provided by operating activities less cash used for investing activities. Free cash flow is an indicator of our ability…
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…
Loading...
