NYSE: NBR Nabors Industries William Restrepo Barclays Chief Financial Officer 38th Annual CEO Energy Conference
NABORS INDUSTRIES Global Leader with Strong Presence in the Most Important Energy Producing Markets Nabors Fleet of 316 Rigs U.S. 187 LatAm 40 MENA 73 Other EH 16 N A B O R S . C O M 3 3
NABORS INDUSTRIES Strategically-Integrated Core Businesses Rig Operations Nabors Drilling Solutions Rig Technologies N A B O R S . C O M 4
NABORS INDUSTRIES The Industrys Most Innovative Technology H1 2024 Revenue by Segment Working in tandem to generate superior drilling performance 7% 11% 35% Drilling Operations Integrated Drilling Drilling and Energy…
NABORS INDUSTRIES L48 Rig Economics Remain at Historically High Levels Rig Revenue and Adjusted L48 Drilling Gross Margin per Day* Average Rig Count 40,000 100 80 30,000 60 20,000 40 10,000 20 - 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q…
NABORS INDUSTRIES International Drilling: Strong and Growing Rig Revenue and Adjusted International Drilling Gross Margin per Day* Average Rig Count 50,000 90 85 40,000 80 30,000 75 70 20,000 65 10,000 60 55 - 50 1Q 2Q 3Q…
NABORS INDUSTRIES Significant Number of Planned International Additions through YE 2025 International Rig Count Opportunity Set* Potential awards, negotiations and tenders Awarded/Contracted Contracted Adds/ Suspensions and…
NABORS INDUSTRIES Nabors Portfolio Performing Well Revenue and Adjusted EBITDA Progression Quarters Annual 800 910M 3,000 2,500 600 2,000 Millions Millions 400 1,500 1,000 200 500 - - 1Q 2Q 3Q 4Q 1Q 2Q 3Q…
NABORS INDUSTRIES NDS: Growing Contribution to a Growing Pie Total Revenue: 7% 11% 7% 6% H1 2020 H1 2024 47% 35% 36% 1,252 million 51% 1,469 million Total Adjusted EBITDA: 3% 12% 0% 7% 40% H1 2020 47% H1 2024 342…
NABORS DRILLING SOLUTIONS Broadest Portfolio of Drilling OFS Solutions Solutions NBR HP PTEN PDS ESI NOV SLB PSI Directional Guidance System Digital Solutions Digital Rig Activity Plan Machine Control Operating System Process…
NABORS DRILLING SOLUTIONS Performance and Surface Solutions Drive the NDS Portfolio Revenue Mix Adjusted Gross Margin Mix 2Q 2024 2Q 2024 4% 15% 35% 45% 51% 50% N A B O R S . C O M 13
NABORS DRILLING SOLUTIONS NDS Gaining Traction in International Markets and on U.S. Third Party Rigs 2Q 2024 Revenue Mix U.S. Third Party International Revenue Revenue International Nabors 350 250 39% U.S. 40% 300 28% CAGR 24%…
NABORS DRILLING SOLUTIONS An Expansive Global Footprint Russia Canada Kazakhstan United States Kuwait UAE Mexico Oman PNG Colombia Malaysia Indonesia Argentina Saudi Arabia Digital Solutions Libya Surface Solutions…
NABORS DRILLING SOLUTIONS Long Runway Remaining in Important Markets Argentina H1 2024 Vision of NDS adjusted EBITDA contribution taking 45% hold 55% Argentinas mix demonstrates what is achievable U.S. H1 2024 Saudi Arabia…
NABORS DRILLING SOLUTIONS Alliances with Numerous Players in the Industry In addition to contract drillers and E&P companies NDS has signed agreements with other industry leaders N A B O R S . C O M 17
NABORS INDUSTRIES Notes Maturity Profile as of 8/6/24 In 3Q 2024: Extended and expanded our credit facility Issued 550 million 8.875% notes due in 2031 Retired 556 million 7.250% notes due in 2026 Earliest maturity is the 700…
Financial Reconciliations and Definitions N A B O R S . C O M 21
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…
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 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…
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