Archer - The well company Jrgen Peter Rasmussen Chief Executive Officer March 2011
Our goal Deliver better wells, to help our customers produce more oil and gas Private and Confidential 2
Archer at a glance What we do.. Where we do it.. Our size.. Drilling services: Platform Globally positioned to NOK 12 billion market drilling, Land drilling, Service our customers cap; 325 million shares Modular rigs, Directional (SEAW)…
Global footprint Bergen Stavanger Aberdeen Newcastle Esbjerg London Wyoming North Dakota Colorado Arkansas New Mexico West Virginia Louisiana Oklahoma Texas Hamilton Al Kohbar Abu Dhabi Mississippi Kuala Lumpur Lagos…
Geographical revenue overview Region (MUSD) 2009 2010 Africa 1 2 Asia Pacific 3 19 Europe 501 573 Middle East 1 3 North America 261 371 South America 322 418 Total 1 089 1 382 Private and Confidential 5
Unaudited consolidated P&L 2009 2010**** Sum of 2009 Sum of 2010 Allis- Gray numbers as numbers as Allis- Gray USD mill. Seawell Chalmers Wireline* reported** reported** Seawell*** Chalmers Wireline Total Operating Revenues 637,5…
Global oilfield services market Casing & Cementation Products Oilfield services annual revenue Inspection & Coating Unit Manufacturing Surface Data Logging 300,000 Production Testing Downhole Drilling Tools -16% Casing & Tubing…
The portfolio of products and services Drilling services Well services Platform drilling Wireline intervention Land drilling Wireline logging Modular rigs Integrity diagnostics Directional drilling Imaging Drill bits Production…
What is Archer doing differently Positioning Ingredients Size Market Well specialists People-centric Mid-tier service Existing fields Craftsman provider, Improving Drilling services Innovation enabling production Archer Well…
We have assembled the right technology to solve key industry challenges CflexTM ComtracTM PointTM VMBTM Annular seal Revolutionary Bringing clarity Safe & secure integrity extends carbon cable to well integrity V0-rated well well life…
We have a solid backlog in the North Sea 2009 2010 2011 2012 2013 Unit Customer 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Statfjord A, B, C StatoilHydro 1 x 2 year Gullfaks A, B, C StatoilHydro 1 x 2 year…
Company growing 25% a year CAGR 1,000 Seawell sales 150 Seawell EBITDA 800 100 600 400 50 200 0 0 1Q03 1Q04 1Q05 1Q06 1Q07 1Q08 1Q09 1Q10 Seawell Limited only Private and Confidential 12
Growth strategy Footprint and Technology Capture market Grow globally Build portfolio Acquire share to deliver complementary better wells businesses Positioning and Global expansion by differentiation addressing needs of Continue to…
Our service offering ambitions Drilling services Well services Engineering Platform / Land drilling Well intervention Modular rigs Electric line / Slick line Directional drilling Coiled tubing Carbon technology (C6) Drilling &…
Imagine the technology we bring to our clients wells Well Performance Eye Breakthrough in wellbore spatial imaging technology Operates in all well fluids Hi-definition images through pipe Enabling operators to manage wells more…
We have begun an aggressive expansion of our global footprint Strong Building Emerging footprint footprint footprint Multiple services, multiple More than two services, One to two services, at clients, many years of some experience,…
Financials Private and Confidential 17
Seawell unaudited consolidated statement of operations (In millions of NOK, except per share data) For the three month period For the twelve month ended December 31, period ended December 31, 2010 2009 2010 2009 Operating…
Seawell unaudited consolidated statement of operations (In millions of NOK, except per share data) For the three month period For the twelve month period ended December 31, ended December 31, 2010 2009 2010 2009 Financial items…
Seawell unaudited consolidated balance sheets In millions of NOK LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Current portion of long-term debt 11.0 260.8 Other current liabilities 956.0 509.5 Amoumts due to parent 0.0…
Seawell unaudited consolidated balance sheets In millions of NOK December 31, December 31, ASSETS 2010 2009 Current assets Cash and cash equivalents 1,023.6 236.7 Restricted cash 71.5 51.8 Accounts receivables, net 889.5 550.4 Other…
Seawell Segment information In millions of NOK For the three month For the twelve month period ended December 31, period ended December 31, Revenues from external customers 2010 2009 2010 2009 (in millions of NOK) Drilling Services…
Organisation Private and Confidential 23
The Management, 300+ years experience in Oilfield services and global operations Executive team: Jrgen Peter Rasmussen, Chief Executive Officer (DK) Thorleif Egeli, Chief Operating Officer (N) Lars Bethuelsen, Chief Financial Officer(N)…
Board Of Directors, Archer Limited Saad Bargach, non executive Chairman Fredrik Halvorsen, Vice Chairman Tor Olav Trim John Reynolds Cecilie Fredriksen Alejandro Bulgheroni Kate Blankenship Gianni Dell Orto Jrgen Peter Rasmussen…
Summary Private and Confidential 26
Summary Create significant long-term shareholder value Building a high growth global oilfield service company Develop organizational capabilities through a diverse multinational workforce Acquire technology, services and geographical…
Proforma Operational EBITDA for 4Q and 2010 Unaudited 4Q2010 2010 USD million Seawell(1USD=6NOK) 22,5 92 Gray 6,1 19,2 Allis Chalmers 33,3 121,3 Total 61,9 232,5 Private and Confidential 28
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