3Q13 Earnings Presentation – Nabors Industries Ltd.

Nabors Industries Ltd. · Oct 23, 2013 · 21 slides

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3Q13 Earnings Presentation October 23, 2013 Presenter: Anthony G. Petrello Chairman, President & Chief Executive Officer
Recent Highlights 3
Significant Rig Awards Date Country/Type Awards 2012 U.S. PACE-X 17 1Q13 U.S. PACE-X 2 U.S. PACE-X 2 Argentina 6 2Q13 Kurdistan 2 Kazakhstan 1 U.S. PACE-X 8 3Q13 Saudi Arabia 11 Mexico 2 2013 Total Awards 34 Total PACE-X…
Refinancing for Improved Debt Outlook Took advantage of current low rates to refinance 785mm (70%) of 2019, 9.25% notes; annual interest payments decreased by 45mm (3.51% weighted avg. interest rate) Blended interest rate is now 4.56%,…
Continued US Land Drilling Efficiencies 1Q13 3Q13: land wells drilled increased by 641, while three land rigs were added in that same time 9,300 1,770 9,200 1,760 US Wells US Rigs 9,100 1,750 9,000 Wells Rigs 1,740 8,900…
Stimulation Market Remains Challenging Improving efficiency exacerbates excess capacity Nabors performance has improved by over 20% year-to-date, but market capacity continues to exceed demand 18.0 35% 16.0 30% 30% 14.0 28% 27%…
Financial Summary (000 except EPS) 3Q12 4Q12 1Q13 2Q13 3Q13 Revenue 1,630,380 1,571,745 1,538,373 1,459,326 1,548,191 EBITDA 491,472 427,144 412,503 355,814 439,337 Operating Income 225,835 153,662 143,138 89,604 165,893 (1)…
Drilling & Rig Services 9
Drilling & Rig Services Adjusted Income (Loss) Derived from Operating Activities (Ms) 3Q12 4Q12 1Q13 2Q13 3Q13 Drilling & Rig Services: U.S. 115,207 82,603 77,595 69,813 92,710 Canada 21,679 27,064 30,518 3,895 12,244…
Global Rig Fleet Details AC SCR Mech Total Moving Systems Alaska Land 5 12 2 19 13 Lower 48 164 88 26 278 151 Canada 17 20 29 66 20 International Land 36 73 28 137 60 Offshore 9 40 2 51 n/a Total 231 233 87 551 244 Rigs by Power Type…
3Q13 Rig Utilization & Availability Rig Fleet(1) 3Q13 Rig Years Utilization U.S. Lower 48 AC 142 132 94% Legacy 122 47 39% U.S. Lower 48 Total 264 179 68% U.S. Offshore 22 12 55% Alaska 19 5 26% Canada 66 30 45% International…
Canada Working Rigs by Play Play Target AC SCR Mechanical Total Pad Capable Deep Basin Oil/Gas 1 5 3 9 3 Cardium Oil 3 3 Duvernay Gas 1 1 1 Horn River/Ft. Liard Oil/Gas 1 2 3 1 Mannville Group Oil 1 1 2 2 (Oil Sands) Montney…
International Working Rigs Algeria 9 Ecuador 6 Kurdistan 2 Romania 1 Angola 1 India 5 Kuwait 2 Russia 5 Argentina 16 Iraq 3 Malaysia 2 Saudi Arabia 32 Colombia 7 Italy 1 Mexico 13 UAE 1 Congo 2 Jordan 1 Oman 4 Venezuela 5 As of…
Completion & Production Services 15
Completion & Production Services Adjusted Income Derived from Operating Activities (Ms) 3Q12 4Q12 1Q13 2Q13 3Q13 Completion & Production Services: Completion Services 47,218 30,296 17,756 6,870 13,024 Production Services 34,035…
Completion & Production Services Fleet Frac Frac Region Rigs Trucks(1) CTU Cementing Wireline SWD Crews Tanks Western 181 548 99 15 12 Rockies 73 9 56 322 2 9 10 Mid-Con 36 1 105 462 2 8 11 3 Northeast 8 5 104 600 3 40 15 West…
Outlook and Summary 18
Key Takeaways International and U.S. Drilling turning the corner Global optionality relative to North America-centric peers Opportunities for additional high-impact investments Completion Services remains challenging with limited…
Appendix 20
EBITDA (Ms) 3Q12 4Q12 1Q13 2Q13 3Q13 Drilling & Rig Services 392,601 359,999 346,238 316,630 384,188 Completion & 136,488 107,732 97,842 81,515 90,814 Production Services Other reconciling items (37,617) (40,587) (31,577)…
Nabors Global Infrastructure Margins and Activities 1Q13 2Q13 3Q13 Drilling Margin (1) Rig Yrs Margin (1) Rig Yrs Margin (1) Rig Yrs U.S. Lower 48 9,955 169.5 9,388 175.5 11,357 178.6 U.S. Offshore 19,163 14.1 20,888 15.6 18,717…

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