2Q14 EArnings Presentation – Nabors Industries Ltd.

Nabors Industries Ltd. · Jul 23, 2014 · 20 slides

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2Q14 Earnings Presentation July 23, 2014 Presenters: Anthony G. Petrello Chairman, President & Chief Executive Officer William Restrepo Chief Financial Officer
Recent Highlights 3
Financial Summary (000s except EPS) 2Q13 3Q13 4Q13 1Q14 2Q14 Revenue 1,459,326 1,548,965 1,605,390 1,587,173 1,616,405 EBITDA 355,814 439,337 437,242 391,168 416,280 Operating Income 89,604 165,893 159,584 109,041 133,460 (1)…
Combination of Nabors Completion & Production Services with C&J Energy Services Combination creates: 5th largest stimulation fleet in North America Largest fluids management fleet in North America 2nd largest workover/well-servicing…
Improving Financial Flexibility High End 2013 Current Change (MM's) 3/31/12 12/31/13 6/30/14 High-2Q14 Total Debt 4,773 3,914 3,956 (817) Cash and ST Investments 494 507 486 (8) Net Debt 4,279 3,407 3,470 (809) Net Debt to…
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 1Q14 U.S. PACE-X 3 2Q14 U.S. PACE-X…
Recent Asset Sales 2Q14 Asset Sales 3 Barge Rigs 1 Jack-Up Signed agreement for sale of Alaska E&P Anticipated close 3Q14 Anticipated cash proceeds from all sales 2Q14: 38 Million 3Q14: 33 Million 4Q14+: 24 Million Does not…
Drilling & Rig Services 9
Drilling & Rig Services Income (Loss) Derived from Operating Activities (000s) 2Q13 3Q13 4Q13 1Q14 2Q14 Drilling & Rig Services: U.S. 69,813 92,710 75,378 72,494 89,977 Canada 3,895 12,244 14,536 26,160 225 International 32,481…
2Q14 Rig Utilization & Availability 2Q14 Rig Average Rig Fleet(1) Years Utilization U.S. Lower 48 AC 157 149 95% Legacy 114 50 44% U.S. Lower 48 Total 271 199 73% U.S. Offshore 19 11 58% Alaska 19 6 32% Canada 64 22 34%…
PACE-X Rig Deployments & Rig Years 40 35 30 25 20 15.2 PACE-X Rig Years through 2Q14 15 10 5 0 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 Deployments Cumulative Deployments Cumulative Rig Year PACE-X rig economic…
International Working Rigs Algeria 10 Ecuador 6 Kurdistan 2 Romania 1 Angola 1 India 3 Kuwait 2 Russia 6 Argentina 22 Iraq 1 Mexico 7 Saudi Arabia 34 Colombia 8 Italy 1 Oman 4 Venezuela 5 Congo 1 Kazakhstan 1 PNG 2 Yemen 2 As…
Completion & Production Services 14
Completion & Production Services Income (Loss) Derived from Operating Activities (000s) 2Q13 3Q13 4Q13 1Q14 2Q14 Completion & Production Services: Completion Services 6,870 13,024 14,072 (33,635) (581) Production Services 23,471…
U.S. Completion & Production Services Fleet Frac Frac Region Rigs Trucks CTU Cementing Wireline SWD Crews Tanks Western 181 552 1,828 15 12 Rockies 76 9 75 322 2 9 10 2 Mid-Con 34 1 95 448 8 11 5 Northeast 7 5 104 597 40 15 West…
Outlook and Summary 17
Key Takeaways U.S. Drilling benefits from PACE-X deployments and tightening rig market Accelerating PACE-X newbuilds to capitalize on strong demand for high-spec rigs International poised for strong growth Larger high-impact,…
Appendix 19
EBITDA (000s) 2Q13 3Q13 4Q13 1Q14 2Q14 Drilling & Rig Services 316,630 384,188 380,242 382,238 376,789 Completion & 81,515 90,814 96,425 53,402 85,881 Production Services Other reconciling items (42,331) (35,665) (39,425)…
Nabors Global Infrastructure Margins and Activities 3Q13 4Q13 1Q14 2Q14 Drilling Margin (1) Rig Yrs Margin (1) Rig Yrs Margin (1) Rig Yrs Margin (1) Rig Yrs U.S. Drilling 12,269 195.5 11,133 198.4 11,073 206.6 11,380 215.3 Canada…

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