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Acquisition of Parker Wellbore – Nabors Industries Ltd.

Nabors Industries Ltd. · Oct 15, 2024 · 17 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. Acquisition of Parker Wellbore – Nabors Industries Ltd. – slide 1
    Acquisition of Parker Wellbore Enhancing Nabors NDS Strategy October 15, 2024
  2. Acquisition of Parker Wellbore – Nabors Industries Ltd. – slide 2
    Nabors Industries and Parker Wellbore Acquisition of Parker Wellbore Drives Significant Benefits Expands Nabors Adds Quail Enhances scale Strengthens Incremental FCF Drilling Solutions Tools to NDS with growing international and…
  3. Acquisition of Parker Wellbore – Nabors Industries Ltd. – slide 3
    Transaction Nabors to acquire Parker Wellbore for: Structure and 4.8 million shares of Nabors common stock Purchase Price Assumption of 100 million of net debt Consistent with long-term strategy Nabors Industries and Parker…
  4. Acquisition of Parker Wellbore – Nabors Industries Ltd. – slide 4
    Nabors Industries and Parker Wellbore Parker Wellbores Service Lines Surface and Tubular Rentals 48% Quail 1 in U.S. drill pipe rental Scaling in major International markets H1 2024 REVENUE U.S. AND INTERNATIONAL Well 13%…
  5. Acquisition of Parker Wellbore – Nabors Industries Ltd. – slide 5
    Nabors Industries and Parker Wellbore Materially Growing Drilling Solutions Expands NDS Revenue by 120% Annualized 1H 2024 NDS Revenue Combined Parker Wellbore Nabors 706 million 389 million 317 million NDS NDS WC 11% Rig Tech…
  6. Acquisition of Parker Wellbore – Nabors Industries Ltd. – slide 6
    Nabors Industries and Parker Wellbore Surface and Downhole The Leading Franchise EBITDA margin of S&T segment higher than overall NDS margin, driven by Quail Tools International Quail Tools Surface & 84% Tubular Rentals Longer…
  7. Acquisition of Parker Wellbore – Nabors Industries Ltd. – slide 7
    Nabors Industries and Parker Wellbore Leveraging Nabors Existing Footprint and Expanding in Key Geographies Present in geographies comprising 75% of global oil/hydrocarbon production Strengthens our presence in: U.S. Saudi…
  8. Acquisition of Parker Wellbore – Nabors Industries Ltd. – slide 8
    Nabors Industries and Parker Wellbore Improves Key Metrics, Plus Meaningful Synergies Opportunity Estimated Adjusted EBITDA 1,20 0 Key Financial Metrics(1) 1,00 0 ( millions) Nabors Combined(6) 800 Estimated adjusted 892…
  9. Acquisition of Parker Wellbore – Nabors Industries Ltd. – slide 9
    Nabors Industries and Parker Wellbore Growth in Nabors Drilling Solutions 2024E ( millions) NDS Parker Total Revenue: NDS excluding Casing Running 234 - 234 Quail Tools - 262 262 International Surface & Tubular - 53 53 Casing…
  10. Acquisition of Parker Wellbore – Nabors Industries Ltd. – slide 10
    Nabors Industries and Parker Wellbore Parker Wellbore Financial Summary ( millions) 2021 2022 2023 2024E Revenue: Surface & Tubulars 156 253 311 314 International Drilling 129 123 118 123 U.S. Drilling 33 55 86 98 Casing Running…
  11. Acquisition of Parker Wellbore – Nabors Industries Ltd. – slide 11
    Illustrative Collar Mechanics 5.4 550 77.52 Last Price on 10/14 478M ceiling 500 5.2 71.16 450 Base Price Implied Equity Value ( millions) 5.0 400 Number of Shares (millions) 350 4.8 300 4.6 250 205M floor 4.4…
  12. Acquisition of Parker Wellbore – Nabors Industries Ltd. – slide 12
    Nabors Industries and Parker Wellbore Path to Margin Improvement across Businesses Quail Tool margins accretive to NDS Surface and Longer wellbore laterals Tubular Rentals Recovery in the U.S. market International expansion…
  13. Acquisition of Parker Wellbore – Nabors Industries Ltd. – slide 13
    Nabors Industries and Parker Wellbore A Solid Combination for Success Financial Benefits Why Parker Wellbore Immediately accretive Key enabler of trend toward adjusted free cash flow longer lateral wells Strong growth prospects…
  14. Acquisition of Parker Wellbore – Nabors Industries Ltd. – slide 14
    Financial Definitions and Disclaimer N A B O R S . C O M 15
  15. Acquisition of Parker Wellbore – Nabors Industries Ltd. – slide 15
    Non-GAAP Definitions Adjusted EBITDA Adjusted EBITDA represents net income (loss) before income (loss) from discontinued operations, net of tax, income tax expense (benefit), investment income (loss), interest expense, other, net and…
  16. Acquisition of Parker Wellbore – Nabors Industries Ltd. – slide 16
    NABORS INDUSTRIES Disclaimer No Offer or Solicitation This communication is not intended to and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities or a…
  17. Acquisition of Parker Wellbore – Nabors Industries Ltd. – slide 17
    NABORS.COM

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