3Q 2024 Earnings Presentation NABORS INDUSTRIES LTD. October 22, 2024
NABORS INDUSTRIES The Industrys Most Innovative Technology YTD 9/30/24 Adjusted EBITDA by Segment Working in tandem to generate superior drilling performance 3% 13% Drilling Operations 44% Integrated Drilling Drilling and…
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 Signed merger agreement with Parker Wellbore Deployed 4 rigs in Algeria and 3 rigs in Saudi Arabia YTD Three additional deployments planned in Argentina and Saudi Arabia in 4Q Nabors 17,000…
Five Key Value Drivers 1 2 3 4 5 Expanding & Performance Advancing Progress on our Leading in enhancing our excellence in the technology & commitment to Sustainability International Lower 48 innovation with de-lever and the Energy…
1 Resilience Leading to Growth in Our International Segment Focus on Improving International Rig Economics Daily Rig Revenue(1) Adjusted Daily Gross Margin(1) 50,000 20,000 40,000 16,000 Growing 30,000 12,000 International…
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 40,000…
1 Resilience Leading to Growth in Our International Segment Significant Rig Growth Trajectory in Saudi Arabia SANAD Estimated Average Rig Count Potential* 60 Newbuild Program Generating Revenue 40 To date 15 rigs have been…
1 Resilience Leading to Growth in Our International Segment Significant Opportunity for Additional International Rigs through YE 2025 International Drilling Opportunity Set Rig Count* Potential awards, negotiations and tenders 110…
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 Powerful daily revenue and…
2 Performance Excellence In The Lower-48 Resilient Performance in Volatile Commodity Market L48 Drilling L48 Drilling Adjusted Daily Revenue(1) Daily Gross Margin(1) 40,000 20,000 30,000 15,000 Driving greater 20,000…
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 % 350 70% 300 60% Adjusted gross 250 50%…
3 Improving Outlook For Our Technology & Innovation NDS Targeting Third Party and International Markets Revenue Growth since Inception NDS - International YTD 9/30/24 1200% International 800% 40% U.S. - NBR Rigs 400% 41% 0%…
3 Improving Outlook For Our Technology & Innovation WTX Operator Saves 6.3 Days in Flat Time SmartPLAN intelligent planning observed the following results targeting Wolfcamp and Bone Springs formations in the Permian Basin across 102…
4 Progress on Our Commitment to De-lever Significant Headway Improving Leverage In July, issued 550 million of 8.875% Senior Guaranteed Notes due 2031 Subsequently redeemed 556 million notes due 2026 Weighted average maturity of…
Our Energy Transition and Sustainability Strategy Improve Collaborate Partner in Invest in Nabors with peers to adjacent companies environmental reduce carbon markets that developing footprint output in our leverage our green…
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…
5 Leading in Sustainability and the Energy Transition Geothermal Market Technology Advancements Nabors and its predecessor entities have been continuously innovating in the energy sector for over 100 years Innovative Drilling…
Appendix 20
Rig Utilization and Availability, September 30, 2024 U.S. Lower-48 U.S. Offshore Alaska International Total High Spec(2) Rig Fleet(1) 315 112 12 15 131 Rigs on Revenue(1) 156 67 2 4 83 Utilization(1) 50% 60% 17% 27% 63% (1)…
Reconciliation of Non-GAAP Financial Measures to Net Income (Loss) Adjusted EBITDA represents net income (loss) before, income taxes, investment income (loss), interest expense, other, net and depreciation and amortization. Adjusted…
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 September…
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 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…
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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