1Q 2025 Earnings Presentation NABORS INDUSTRIES April 29, 2025
NABORS INDUSTRIES The Industrys Most Innovative Technology 1Q 2025 Adjusted EBITDA by Segment* Working in tandem to generate superior drilling performance 2% 16% Drilling 36% Operations Integrated Drilling Drilling and…
NABORS INDUSTRIES Our Businesses Offer Unique Vertical Integration International U.S. Drilling Rig Drilling Drilling Solutions (NDS) Technologies Deploying best fit-for-purpose A leading provider of high- Utilizing the rig as a…
Nabors Industries and Parker Wellbore Addition of Parker Wellbore Drives Significant Benefits Incremental Expands Nabors Adds Quail Enhances scale Strengthens adjusted FCF Drilling Solutions Tools to NDS with growing…
Nabors & Parker Active Rigs Worldwide Active Owned Rigs in Four Key Regions* 72 USA Active rigs in the U.S., with almost half in West Texas and another quarter in the Bakken. 50 KSA A key growth region with 50 active rigs…
Drivers of Growth Focused on Advanced Technology to Drive Solutions Capitalizing on Driving healthy Expanding our Innovating Reducing carbon global expansion margins in customer base advances in intensity Lower 48 Drilling drilling…
NABORS INDUSTRIES Recent Highlights Completed the Parker Wellbore acquisition in 1Q Deployed 1 rig in Saudi Arabia and 1 rig in Colombia in 1Q; in 2Q 2 deployments planned in Saudi Arabia, 3 in Kuwait and 1 restart in Mexico…
Key Value Drivers 1 2 3 4 5 Expanding & Performance Advancing Focused on our Leading in enhancing our excellence in the technology & commitment to Sustainability International Lower 48 innovation with de-lever and the Energy business…
1 Resilience Leading to Growth in Our International Segment Focus on Improving International Rig Economics International Drilling International Drilling Daily Rig Revenue(1) Daily Adjusted Gross Margin(1) 50,000 20,000 40,000…
1 Resilience Leading to Growth in Our International Segment Focus on Improving International Rig Economics International Drilling International Drilling Daily Revenue(1) Adjusted Daily Gross Margin(1) 50,000 20,000 15,000…
1 Resilience Leading to Growth in Our International Segment Strategic Newbuild Program Leading to Significant Financial Growth Illustrative Financial Results for High-impact Growth Initiative in Saudi Arabia: A unique, large-scale…
1 Resilience Leading to Growth in Our International Segment Significant Opportunity for Additional International Rigs through YE 2025 International Drilling Opportunity Set Rig Count* Working 110 105 Restart Release…
2 Performance Excellence In The Lower-48 L48 Daily Revenue and Margin above All Prior Cycle Highs Daily Rig Revenue(1) Adjusted Daily Gross Margin(1) 40,000 20,000 32,000 16,000 24,000 12,000 Strong daily revenue and…
2 Performance Excellence In The Lower-48 Delivering Results in a Challenging Market L48 Drilling Adjusted L48 Drilling Daily Gross Margin(1) Daily Revenue(1) 20,000 40,000 15,000 30,000 Navigating market 20,000 10,000…
3 Improving Outlook For Our Technology & Innovation NDS Margin Gains Fueled by Increasing Penetration and Improving Service-line Mix NDS Revenue, Adjusted EBITDA & Adjusted Gross Margin % 400 60% Adjusted gross 300 45% margin…
3 Improving Outlook For Our Technology & Innovation NDS Portfolio Demonstrating Value, Globally Revenue Growth since Inception NDS - International 1500% 1Q 2025 Revenue 1000% 500% U.S. 57% 0% 2016 2017 2018 2019 2020 2021…
3 Improving Outlook For Our Technology & Innovation Canadian Third-Party Operator Achieves 30% Faster Connection Times with Nabors Automation Demonstrated Results Significant improvement in connection times Manual vs. SmartDRILL…
4 Progress on Our Commitment to De-lever Executing on Leverage Optimization At closing in March, Parker held 178 million of gross debt and 85 million in cash Post-close, transitioned the debt to Nabors revolving credit facility,…
5 Leading in Sustainability and the Energy Transition Our Energy Transition and Sustainability Strategy Improve Collaborate Partner in Invest in Nabors with peers to adjacent companies environmental reduce carbon markets that…
5 Leading in Sustainability and the Energy Transition Nabors Initiatives to Lower Emissions Electrification Engine Optimization Pursuing Energy Efficient Lighting Multiple Decarbonization Pathways Emissions Monitoring…
Appendix 23
Rig Utilization and Availability, March 31, 2025 U.S. Lower-48 U.S. Offshore Alaska International Total High Spec(2) Rig Fleet(1) 318 110 16 17 135 Rigs on Revenue(1) 155 62 3 7 83 Utilization(1) 49% 56% 17% 41% 61% (1) As of…
Nabors Industries and Parker Wellbore Nabors 1Q 2025 EBITDA by Segment Nabors Parker* Combined* Lower 48 72.2 million 72.2 million Alaska and U.S. Offshore 19.7 million 0.8 million 20.5 million International 114.5 million…
Reconciliation of Non-GAAP Financial Measures to Net Income (Loss) Adjusted EBITDA represents net income (loss) before, income taxes, investment income (loss), interest expense, gain on bargain purchase, other, net and depreciation and…
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 andThree Months Ended March 31, 2025 amortization. Other U.S.…
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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