2Q 2023 Earnings Presentation NABORS INDUSTRIES LTD. July 26, 2023
June 30 Rig Utilization and Availability U.S. LOWER-48 U.S. OFFSHORE ALASKA INTERNATIONAL TOTAL HIGH SPEC(2) RIG FLEET(1)(2) 328 111 12 16 134 RIGS ON REVENUE(1) 161 78 3 4 76 UTILIZATION AT 6/30/2023 49% 70% 25% 25% 57% (1) As…
2Q 2023 adjusted Improving leverage Continued improvement EBITDA of 235M Adjusted 2Q free cash in L48 Drilling Adjusted EBITDA up 49% flow of 27M on strong economics year-on-year collections and disciplined 2Q adjusted daily gross…
Five Keys to Excellence 1 2 3 4 5 Performance Expanding & Advancing Progress on our Leading in excellence in enhancing our technology & commitment to Sustainability the Lower-48 International innovation with de-lever and the Energy…
1 Performance Excellence In The Lower-48 Further Expansion of Daily Revenue and Margin L48 Drilling L48 Drilling Adjusted Daily Rig Revenue(1) Daily Gross Margin(1) 40,000 18,000 35,000 16,000 14,000 30,000 Improving daily…
1 Performance Excellence In The Lower-48 Margin Improving as Commodity Pricing Challenged Rig Count L48 Drilling Adjusted L48 Drilling Average Daily Gross Margin(1) Rig Count 18,000 100 16,000 90 14,000 80 Disciplined 12,000…
Five Keys to Excellence 1 2 3 4 5 Performance Expanding & Advancing Progress on our Leading in excellence in the enhancing our technology & commitment to Sustainability Lower-48 International innovation with de-lever and the Energy…
2 Resilience Leading to Growth in Our International Segment International Growing Dayrates and Margin International Drilling International Drilling Daily Rig Revenue(1) Adjusted Daily Gross Margin(1) 50,000 16,000 45,000 14,000…
2 Resilience Leading to Growth in Our International Segment Growing International Rig Count and Margin International Drilling International Drilling Adjusted Daily Gross Margin(1) Average Rig Count 16,000 80 14,000 75 12,000…
2 Resilience Leading to Growth in Our International Segment Significant Growth Trajectory in Saudi Arabia SANAD Estimated Average Rig Count Potential* 55 Newbuild Program Generating Revenue 50 Awarded 10 total rigs total…
Five Keys to Excellence 1 2 3 4 5 Performance Expanding & Advancing Progress on our Leading in excellence in the enhancing our technology & commitment to Sustainability Lower-48 International innovation de-lever and the Energy…
3 Improving Outlook For Our Technology & Innovation NDS Capitalizing on Higher Penetration Expanding our high-value / high-margin Adjusted gross margin % of 52% in 2Q 2023 low-capital technology services NDS Revenue & Adjusted…
3 Improving Outlook For Our Technology & Innovation Customer Adoption Fueling NDS Footprint Expansion NDS technology consistently adds value on both Nabors rigs and Third-party rigs U.S. Performance Software Installs U.S. RigCLOUD…
3 Improving Outlook For Our Technology & Innovation Collaboration on Leading Well Construction Automation Collaborate on technologies including the Halliburton Well Construction 4.0, the LOGIX Autonomous Drilling Platform, and…
3 Improving Outlook For Our Technology & Innovation Smart Suite Growth Maintains Upward Trajectory 3500 Third-Party SmartSLIDE 3,100+ Wells Drilled Cumulative Number of Wells Drilled 3000 Third-Party Deployment 55+ Million…
Five Keys to Excellence 1 2 3 4 5 Performance Expanding & Advancing Progress on Leading in excellence in the enhancing our technology & our Sustainability Lower-48 International innovation with commitment and the Energy segment…
4 Progress on Our Commitment to De-lever Significant Headway toward Financial Goals 1.8B Net Debt(1) reduction from previous high in 1Q 2018 Net Debt 4.0 3.5 3.0 1.8B 2.5 Billions 2.0 1.5 1.0 0.5 - 1Q 2Q 3Q 4Q…
Five Keys to Excellence 1 2 3 4 5 Performance Expanding & Advancing Progress on Leading in excellence in the enhancing our technology & our Sustainability Lower-48 International innovation with commitment and the Energy segment…
5 Leading in Sustainability and the Energy Transition Moving Forward on the Energy Transition Energy Efficiency & Expansion Beyond Geothermal Emission Reduction Oil & Gas Development Technologies Developing new verticals in:…
5 Leading in Sustainability and the Energy Transition Growing Commitment to Operational and Environmental Stewardship Dedicated to improving the environmental footprint of OFS Operating rigs with the environment as a stakeholder…
5 Leading in Sustainability and the Energy Transition Leveraging Nabors Capabilities to Accelerate Vasts Global Deployment Next Generation of Concentrated Solar Thermal Power System Maintenance Technology CSP v3.0 Operations…
5 Leading in Sustainability and the Energy Transition Nabors and its predecessor entities have been continuously innovating in the energy sector for over 100 years Geothermal Innovative Drilling Technologies Market Reducing cost…
Appendix N A B O R S . C O M 24
Reconciliation of Non-GAAP Financial Measures to Net Income (Loss) Adjusted EBITDA represents net income (loss) before income (loss) from discontinued operations, net of tax, income taxes, investment income (loss), interest expense,…
Reconciliation of U.S. Drilling Segment Adjusted Gross Margin to U.S. Drilling Segment Adjusted Operating Income Adjusted gross margin by segment represents adjusted operating income (loss) plus general and administrative costs,…
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…
Reconciliation of Adjusted EBITDA by Segment to Adjusted Operating Income (Loss) by Segment Adjusted EBITDA by segment represents adjusted income (loss) plus depreciation and amortization. (In Thousands) Three Months Ended June 30,…
Reconciliation of Adjusted Free Cash Flow to Net Cash Provided by Operating Activities Adjusted free cash flow represents net cash provided by operating activities less cash used for capital expenditures, net of proceeds from sales of…
NABORS INDUSTRIES LTD. Contact Us: William C. Conroy, CFA VP - Corporate Development and Investor Relations William.Conroynabors.com Kara K. Peak Director - Corporate Development and Investor Relations Kara.Peaknabors.com…
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