Nabors Industries Ltd. · NYSE:NBR
Nabors Industries — Non-Deal Roadshow (September 2026)
13 slides from Nabors Industries's roadshow presentation, Sep 8, 2026
Slide 1: Delivering Energy. Advancing the World. September 2026 Investor Meetings
N A B O R S . C O M 1 Technology. Expertise. Performance. Drilling for a better tomorrow. NYSE: NBR www.nabors.com DELIVERING ENERGY. ADVANCING THE WORLD. SEPTEMBER 2026 INVESTOR MEETINGS
Slide 2: Forward-Looking Statements
N A B O R S . C O M We often discuss expectations regarding our future markets, demand for our products and services, and our performance in our annual, quarterly, and current reports, press releases, and other written and oral statements. Such statements, including statements in this document that
Slide 3: A Differentiated Global Platform
A DIFFERENTIATED GLOBAL PLATFORM Land and Offshore Rigs. THE INDUSTRY’S MOST ROBUST TECHNOLOGY PORTFOLIO. 3 Global Scale. Technology Leadership. Diversified Market Reach. An industry-leading technology portfolio deployed across a global rig fleet. 260+ Employees representing 90+ nationalities. ~14,0
Slide 4: Executing Across the Strategy
4 EXECUTING ACROSS THE STRATEGY. Advancing technology-led growth, further strengthening our balance sheet, and continuing the robust expansion of our international footprint. TECHNOLOGY-LED GROWTH ˚35 MILLION Investment in Quaise Energy. Positions Nabors as Quaise’s largest shareholder. CAPITAL STRU
Slide 5: Global Scale Across Key Regions
5 GLOBAL SCALE ACROSS KEY REGIONS. 178 RIGS OPERATING 13 EASTERN HEMISPHERE 26 LATIN AMERICA 9 OTHER U.S. 56 SAUDI ARABIA Growing fleet in Alaska and a marquee Offshore rig. SANAD JV combines scale and a premier partnership, with 56 rigs operating and a significant platform for continued growth. Str
Slide 6: Strategic Growth in International Markets
6 STRATEGIC GROWTH IN INTERNATIONAL MARKETS. INTERNATIONAL DRILLING RIG COUNT 2 2 1 1 -3 -1 -1 -1 -1 1 1 2 1 94 93 95 98 Rig Count 70 75 80 85 90 95 100 105 110 AWARDED / RESTART OPERATING END OF CONTRACT OPERATING Actively pursuing multiple incremental opportunities with attractive returns Visible
Slide 7: From Venture Investment to Field Deployment
7 The deployment of a Nabors PACE®-B rig at Project Obsidian in Oregon marks an important step in advancing our geothermal investment strategy and unlocking a compelling long-term growth opportunity in an attractive adjacent energy market. FROM VENTURE INVESTMENT TO FIELD DEPLOYMENT. INITIAL PHASE P
Slide 8: Actively Reducing Debt
$250 $550 $550 $700 $100 $0 $200 $400 $600 $800 2026 2027 2028 2029 2030 2031 2032 Million 8 ACTIVELY REDUCING DEBT. NOTES OUTSTANDING As of 6/30/26 As of 12/31/25 ($ millions) Gross Debt $2,495 $2,120 Cash* $941 $510 Net Debt $1,554 $1,610 * Cash includes short-term investments ** 3Q Pro Forma is a
Slide 9: Executing to Plan. Positioned to Deliver. (Third Quarter Outlook)
9 EXECUTING TO PLAN. POSITIONED TO DELIVER. Reiterating our third-quarter and full-year 2026 Outlook from the 2Q Earnings Press Release. U.S. DRILLING • Lower 48 average rig count of 73 rigs • Lower 48 average daily adjusted gross margin of ~$13,800 • Alaska and Gulf of America adjusted EBITDA of ~$
Slide 10: Executing to Plan. Positioned to Deliver. (Full Year Outlook)
10 EXECUTING TO PLAN. POSITIONED TO DELIVER. Reiterating our third-quarter and full-year 2026 Outlook from the 2Q Earnings Press Release. FULL YEAR 2026 OUTLOOK ˚920 - ˚930 MILLION CAPITAL EXPENDITURES ˚710 - ˚730 MILLION ADJUSTED EBITDA ˚20 - ˚30 MILLION ADJUSTED FREE CASH FLOW Includes $60 - $80 m
Slide 11: Footnotes, Financial Definitions & Disclaimers
FOOTNOTES, FINANCIAL DEFINITIONS & DISCLAIMERS 11
Slide 12: Non-GAAP Definitions
NON-GAAP DEFINITIONS 12 We do not provide a forward-looking reconciliation of our outlook for Segment Adjusted EBITDA or Segment Adjusted Gross Margin, as the amount and significance of items required to develop meaningful comparable GAAP financial measures cannot be estimated at this time without u
Slide 13: Nabors Industries Ltd. Contact
NABORS INDUSTRIES LTD. NABORS.COM NABORS CORPORATE SERVICES 515 W. Greens Road Suite 1200 Houston, TX 77067-4525 @ n a b o r s g l o b a l CONTACT US: William C. Conroy, CFA VP - Corporate Development and Investor Relations William.Conroy@nabors.com Kara K. Peak Director - Corporate Development and
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