Nabors Industries Ltd. · NYSE:NBR
Nabors Industries — Q1 2021 Earnings Presentation
14 slides from Nabors Industries's earnings presentation, Apr 29, 2021
Slide 1: Nabors Industries Ltd. 1Q Earnings Presentation
4/28/2021 NABORS INDUSTRIES LTD. 1Q Earnings Presentation 1
Slide 2: Forward Looking Statements
Forward Looking Statements We often discuss expectations regarding our future markets, demand for our products and services, • the possibility of political or economic instability, civil disturbance, war or acts and our performance in our annual, quarterly, and current reports, press releases, and o
Slide 3: Recent Company Highlights
1Q 2021 adjusted Generated FCF of $60M Drilling Solutions EBITDA of $108M in in 1Q 2021 continues growth of line with Q4 2020 new product offerings After funding $40M in and market penetration Drilling activity capital spending and semi- in Lower 48 continues to strengthen annual interest payments t
Slide 4: 1Q Rig Utilization and Availability
1Q Rig Utilization and Availability TOTAL U.S. LOWER 48 U.S. OFFSHORE ALASKA CANADA INTERNATIONAL RIG FLEET(1) 383 187 12 16 35 133 HIGH SPEC 110 1Q21 AVERAGE RIGS ON REV 139 56 2 2 14 65 HIGH SPEC 55 AVERAGE UTILIZATION 36% 30% 17% 14% 39% 49% HIGH SPEC 50% 4 (1) As of March 31, 2021 Note: Subtotal
Slide 5: Nabors' Commitment to Environmental Stewardship
Nabors’ Commitment to Environmental Stewardship Operating 4 dual-fuel (blended natural gas & diesel) rigs, 2 rigs using biodiesel, 2 rigs using advanced energy management system (including 1 natural gas), and 1 high-line (grid powered) rig 40 dual-fuel-capable rigs in Lower 48 and 12 in Canada Evalu
Slide 6: Energy Transition Solutions
Clean Energy Green Fuels Energy Transition Engine Management Solutions System Reduce Emissions & Drive Fuel Savings ESG Compliance Energy Emissions Storage Reporting6
Slide 7: Smart Suite Growth
Smart Smart Suite Suite Growth Growth 800 20 # of Wells Drilled 18 700 • Over 18 MILLION Feet Drilled Footage Drilled • 720+ Wells Drilled 16 # OF WELLS DRILLED FOOTAGE DRILLED 600 • 5 Basin Records in Q1 2021 14 500 • 30% of Smart Suite Customers on Millions 12 Performance Based Contracts 400 • 0 R
Slide 8: Expanding Next-Gen Digital Solutions and Smart Suite
Expanding Next-Gen Digital Solutions and Smart Suite Four additional Operators added Smart Suite across multiple basins in Q1 2021. Smart Suite is now active across all major US L48 basins. RigCLOUD® EDGE Active 1-5 Rigs Smart Suite Active 5+ Rigs
Slide 9: Expanding Next-Gen Digital Solutions through RigCLOUD
Expanding Next-Gen Digital Solutions through RigCLOUD® EDGE Smart Suite Apps High-end edge computing at the rig site Transparency of value delivery facilitates adoption of new technology Delivery of Analytics at the rig transforms insights into performance, Stakeholders communicate value in deliveri
Slide 10: Debt Maturity Profile as of March 31, 2021
Debt Maturity Profile as of March 31, 2021 $1,500 Debt at 3/31/2021 Total Debt improved by $70M, driven Total Debt: $2.90Bn(2) $1,250 by positive FCF and gains from debt Cash, Cash Equivalents & STI $0.42Bn exchanges completed during 1Q 2021 Total Debt Less Cash, Cash Equiv. & STI $2.48Bn(2) $1,000
Slide 11: Appendix
APPENDIX 4) NABORS
Slide 12: Reconciliation of Adjusted EBITDA to Income (Loss) From Continuing Operations Before Income Tax
Reconciliation of Adjusted EBITDA to Income (Loss) From Continuing Operations Before Income Tax Adjusted EBITDA represents income (loss) from continuing operations before income taxes, interest expense, depreciation and amortization, earnings (losses) from unconsolidated affiliates, investment incom
Slide 13: Reconciliation of Free Cash Flow to Net Cash Provided by Operating Activities
Reconciliation of Free Cash Flow to Net Cash Provided by Operating Activities Free cash flow represents net cash provided by operating activities less cash used for investing activities. Free cash flow is an indicator of our ability to generate cash flow after required spending to maintain or expand
Slide 14: Contact Us
Contact Us: William C. Conroy NABORS CORPORATE SERVICES 515 W. Greens Road VP - Corporate Development and Investor Suite 1200 Relations Houston, TX 77067-4525 William.Conroy@nabors.com Kara K. Peak Director - Corporate Development and Investor Relations Kara.Peak@nabors.com nabors.com