Credit Suisse 20th Annual Energy Summit Vail, Colorado February 25, 2015
2014 Accomplishments 1 Complete Successful conclusion of multiple U.S. Government agency investigations Achieved 2 Annualized pre-tax cost savings Achieved 3 Total non-core divestiture proceeds Achieved 4 Net Debt reduction…
Our Direction: 2015 Actions & Initiatives 3
A Multinational Company with a Broad Global Infrastructure Vital Statistics 100+ Countries 6 Continents 1,400 Locations Core Segments Well Construction Formation Evaluation Completion Artificial Lift Stimulation 2015…
The Culture that Drives Us EXTERNAL FOCUS CASH COST 2015 Weatherford International plc. All rights reserved. 5
Results of Continuing to Lower Our Cost Base Average Annual Revenue per Employee 2013 - 2015E Year-End Headcount 2013 - 2015E Core Businesses Support Ratio 270,000 70,000 70% 59% 260,000 60,000 60% 250,000 50,000 50% 45% Headcount…
Capital Equipment and CapEx Efficiency Gains Fixed Asset Turnover Ratio* 2011-2014 Capital Expenditures** 2011-2015E 2.2x 2,500 2,177 2.1x 2.1x 2,000 14% 2.0x 2.0x 1,524 1,575 1,450 1,500 In millions 12% 10% 1.9x 10%…
2015 Will See Positive Free Cash Flow 2014 2015E Net Income 785 Positive D&A 1,371 1,237 We will Op. Working Capital Changes: (239) Positive intensify Other Cash Flow: (701) (340) Iraq / Zubair (342) 0 our efforts on Severance…
Net Debt to Capital Ratio 2014 Progression 4Q14 Net Debt Capital Ratio: 50% 10,000,000 54% 8,000,000 53% 52% 6,000,000 51% 4,000,000 50% 2,000,000 49% - 48% 1Q14 2Q14 3Q14 4Q14 Net Debt Ratio 2015 Weatherford…
External Focus Top 100 Customers Number of 2014 Est. % of Est. Spend / ( i n bi l l i ons ) Customers Spend Total Spend Customer 100 < 2% 287B 100% IOC 19 55.1 19% 2.9 90% 55.1 NOC 31 94.0 33% 3.0 80% IND 50 73.7 26% 1.5 70% 100…
Key Opportunities with Top 100 Customers WFT 2014 2014 Market Other customers Top 100 ( in billions ) Revenue Share 60 2014 Global Revenue in B IOC 3.1 5.6% 50 NOC 2.9 3.1% 40 IND 3.3 4.5% 30 8.0% Top 100 9.3 4.2% 20 All…
Our 2015 Actions & Initiatives EXTERNAL FOCUS Most strategic priority by design and culture Build upon recognition and capabilities Increase pace of customer engagement Seize market opportunities Consistent service and quality of…
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