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4Q 2019 Earnings Presentation – Halliburton

Halliburton · Mar 3, 2020 · 24 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 2019 Earnings Presentation – Halliburton – slide 1
    Fourth Quarter 2019 Update Investor Relations Contacts NYSE Stock Symbol: HAL Abu Zeya, Sr. Director Common Dividend: 0.18 in the fourth quarter 2019 Marina Matselinskaya, Director Shares Outstanding: 875 million as of…
  2. 4Q 2019 Earnings Presentation – Halliburton – slide 2
    Agenda Company Overview Returns-focused Strategy Unconventionals Mature Fields Deep Water Financial Review 2019 Halliburton. All rights reserved. 3
  3. 4Q 2019 Earnings Presentation – Halliburton – slide 3
    Halliburton Global Footprint Founded 1919 Employees 55,000* TC 140+ Nationalities TC TC TC Operational Countries TC TCTC TC TC TC 80 TC TC Research Centers TC 12 Locations Corporate Headquarters TC TC…
  4. 4Q 2019 Earnings Presentation – Halliburton – slide 4
    Celebrating A Century of Growth and Innovation 1919 1950 1950 1990 1990 2000 2000 Present 1919 1952 1991 2004 Erle P. Halliburton starts New Method Oil Company revenues top 10 million Halliburton helps extinguish over 220 Halliburton…
  5. 4Q 2019 Earnings Presentation – Halliburton – slide 5
    14 Product Service Lines in 2 Divisions Drilling and Evaluation Completion and Production Baroid Drill Bits Cementing Completion Production & Services Tools Enhancement Landmark Project Management Sperry Testing…
  6. 4Q 2019 Earnings Presentation – Halliburton – slide 6
    Returns-focused Strategy Deliver strong cash flow and industry-leading returns for our shareholders by collaborating and engineering solutions that improve efficiency and maximize recovery for our customers Strategic Markets Provide…
  7. 4Q 2019 Earnings Presentation – Halliburton – slide 7
    Unconventionals Lowering Cost per BOE for our Customers Subsurface Insight Increased Well Productivity Operational Efficiency 2019 Halliburton. All rights reserved. 8
  8. 4Q 2019 Earnings Presentation – Halliburton – slide 8
    Unconventionals Lowering Cost per BOE + Subsurface Insight Well Productivity Less More Operational Efficiency Barrels Drilling Optimization Supply Chain Surface Efficiency Cost + + 2019 Halliburton. All rights reserved. 9
  9. 4Q 2019 Earnings Presentation – Halliburton – slide 9
    Unconventionals Well Productivity Automated Fracturing Service Industry-first automated fracturing solution Machine learning & frac domain expertise combined to control equipment More even distribution of proppant and fluid to each…
  10. 4Q 2019 Earnings Presentation – Halliburton – slide 10
    Unconventionals Drilling Optimization Maximize iCruise Intelligent Rotary your Steerable Asset Value System Superior Platform Drilling Automation Improved Returns Deployed in the US shale Uses BHA Digital Twin to Modular design…
  11. 4Q 2019 Earnings Presentation – Halliburton – slide 11
    Unconventionals Operational Efficiency 20% LESS CAPITAL 35% LESS PERSONNEL 40% LESS COMPLETION TIME ExpressKinect Wellhead Q10 Pump ExpressSand System SnapshotTM Software Connector 90% of the fleet. Reduces rig-up…
  12. 4Q 2019 Earnings Presentation – Halliburton – slide 12
    Unconventionals Operational Efficiency Integrated Completions ExpressKinect Velocity Modular EcoSeal Greaseless E-Winch Quick Latch Perforating Gun System Wireline 19% Reduction 4x Improvement 26% Reduction Reduce major source of…
  13. 4Q 2019 Earnings Presentation – Halliburton – slide 13
    Mature Fields Leading the Recovery in International Markets Mature Field Thousand Barrels per Day Primary Recovery Well Production Improved Recovery Enhanced Oil Recovery Optimization 70 % 35 % 1 % Amount of worldwide…
  14. 4Q 2019 Earnings Presentation – Halliburton – slide 14
    Mature Fields Solutions Portfolio Well Production Optimization Improved Asset Recovery Well Abandonment / P&A Artificial lift Infill drilling Safe and compliant operations Specialty chemicals Multilaterals Well integrity…
  15. 4Q 2019 Earnings Presentation – Halliburton – slide 15
    Deep Water Delivering the Lowest Cost-per-foot Reservoir Shallow Reduced Uncertainty 0-1000 ft Deep Water 1000-5000 ft Ultra Deep Water 5000 ft Increased Efficiency Increased Reliability 2019 Halliburton. All rights…
  16. 4Q 2019 Earnings Presentation – Halliburton – slide 16
    Deep Water Solutions Portfolio Reduced Uncertainty Increased Efficiency Increased Reliability Logging-while-drilling Integrated drilling solutions Wellbore integrity solutions Open hole wireline Real-time monitoring and Optimized…
  17. 4Q 2019 Earnings Presentation – Halliburton – slide 17
    Deep Water Reduced Uncertainty MaximizeService EarthStar Ultra-deep Resistivity your Asset Value Geostop Geosteer Geomap Delivers the highest depth Steering the well in the Has unique 3D inversion of investigation in the sweet…
  18. 4Q 2019 Earnings Presentation – Halliburton – slide 18
    4Q19 Revenue Breakdown North America Middle East/Asia Middle East/Asia revenue was 1.4 billion, a 19% North America revenue was 2.3 billion, a 21% decrease increase sequentially, largely resulting from when compared to the third…
  19. 4Q 2019 Earnings Presentation – Halliburton – slide 19
    Segment and Geographic Results Millions of dollars Revenue Q117 Q217 Q317 Q417 Q118 Q218 Q318 Q418 Q119 Q219 Q319 Q419 2017 2018 2019 By segment results: Completion and Production 2,604 3,132 3,537 3,804 3,807 4,164 4,170 3,832…
  20. 4Q 2019 Earnings Presentation – Halliburton – slide 20
    Financial Metrics Total Revenue (Normalized) Return on Capital Employed* Peer Group ** HAL 120 HAL Peer Group ** 100 1Q15 = 100 11% 80 8% 7% 6% 6% 4% 60 3% 3% 1% 1% 40 1Q15 1Q16 1Q17 1Q18 1Q19 4Q19 2015 2016 2017 2018…
  21. 4Q 2019 Earnings Presentation – Halliburton – slide 21
    Reconciliation of As Reported ROCE to Adjusted ROCE (millions) 2015 2016 2017 2018 2019 As reported net income attributable to company (671) (5,763) (463) 1,655 (1,131) Interest expense, after-tax 329 529 517 479 450 As reported…
  22. 4Q 2019 Earnings Presentation – Halliburton – slide 22
    Reconciliation of EBITDA to Adjusted EBITDA (millions) 2015 2016 2017 2018 2019 Operating income (loss) (165) (6,770) 1,374 2,467 (448) Depreciation, depletion and amortization 1,835 1,503 1,556 1,606 1,625 EBITDA 1,670 (5,267)…
  23. 4Q 2019 Earnings Presentation – Halliburton – slide 23
    Reconciliation of Cash Flows from Operating Activities to Adjusted Free Cash Flow (millions) 2015 2016 2017 2018 2019 Total cash flows provided by (used in) operating activities 2,906 (1,703) 2,468 3,157 2,445 Capital…
  24. 4Q 2019 Earnings Presentation – Halliburton – slide 24
    Why Invest in Halliburton Globally diversified oilfield services company with 14 different product service lines Leading position in North America and a strong international franchise Collaborating and engineering…

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