Nabors Industries Ltd. · NYSE:NBR
Nabors Industries — Q3 2020 Earnings Presentation
14 slides from Nabors Industries's earnings presentation, Nov 4, 2020
Slide 1: Nabors Industries Ltd. 3Q Earnings Presentation
11/3/2020 NABORS INDUSTRIES LTD. 3Q 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, and our performance Our businesses depend, to a large degree, on the level of spending by oil and gas companies for in our annual, quarterly, and current reports, press releas
Slide 3: Recent Company Highlights
ESG Increased Generated Free Improved ISS Social Installations of Cash Flow in 3Q Score by 3 points in Digital Services on after funding semiannual interest payments on 3Q20 Nabors Lower 48 notes reflecting heightened Rigs focus on ESG Recent including RigCloud®, SmartNAV™, SmartSLIDE™ in 3Q20 resul
Slide 4: 3Q Rig Utilization and Availability
3Q Rig Utilization and Availability TOTAL U.S. LOWER 48 U.S. OFFSHORE ALASKA CANADA INTERNATIONAL RIG FLEET(1) 399 188 HIGH SPEC 110 12 16 35 148 3Q20 AVERAGE RIGS WORKING 132 48 HIGH SPEC 48 2 3 7 71 AVERAGE UTILIZATION 33% 26% 18% 21% 19% 48% HIGH SPEC 44% 4 (1) As of September 30, 2020 Note: Subt
Slide 5: Successfully Improving Customer Mix
% OF LOWER 48 DRILLING REVENUE Market Peak Successfully 2014 3Q 2020 Improving Customer Mix 23% 41% 48% 63% Growing position with 14% the top customers in 11% the Lower 48 TIER 1 TIER 2 TIER 3 5
Slide 6: Building L48 Market Share with the Supermajors
Building L48 Market Share with the Supermajors 3Q 2020 2014 10% 0% NBR The leader in the supermajors 7% 9% 3% 7% HP market segment, Nabors more 22% PTEN than doubled market share 22% 7% 48% ESI compared to the peak in 2014. 39% PDS 26% Other “I gave Nabors a 9 for their quality, forward-thinking Maj
Slide 7: Powering Rigs with Alternative Power Sources & Dual Fuel
Powering Rigs with Alternative Power Sources & Dual Fuel Deployed first unit in 1985 on the North Slope of Alaska • Highline-capable • Gas-capable with turbine 40 dual-fuel-capable rigs in Lower 48 Rig27E in Deadhorse Alaska 7
Slide 8: Smart Technology Portfolio
Smart Technology Portfolio Former Names Current Names Product Description Rigtelligent®, Rigtelligence™ SmartROS™ Rig operating system for machine and process automation apps WellProg™ SmartPLAN™ Interactive rig activity planning, scheduling and coordination system ROCKit® Pilot SmartSLIDE™ Automate
Slide 9: Nabors Drilling Solutions Penetration
Nabors Drilling NDS Services on Nabors L48 Rigs (% of Rigs) Solutions Penetration 3% 2% 3% 2% 14% Growing preference for NDS 38% 36% 42% services on Nabors rigs 1.42 • NDS continues to grow service penetration on 1.25 Nabors rigs. Percentage of rigs with 5 or more 1.00 1.10 84% services grew by 23%
Slide 10: NDS Smart Apps Update
NDS Smart Apps Update Smart Apps Penetration (% of Nabors rigs) Increased Smart applications decrease in personnel per job for NDS Directional Drilling operations penetration on Nabors rigs YTD 2020 despite contracting market 50% 2Q-3Q (SmartSLIDE™ /SmartNAV™ and Wellbore Placement) 6% conditions 20
Slide 11: SmartPLAN rig planning, scheduling & coordination
SmartPLAN™ rig planning, scheduling & coordination Efficient Planning Manage Automation Digitizing the well program Process coordination improves drives a systematic approach productivity and enhances with predictable results operational capabilities Digitize the Well Program SmartPLAN™ Real-Time Pe
Slide 12: Platform
Platform Go beyond remote monitoring and collaborate with your team at the rig site. Field crew executes drilling plan 1 using RigCLOUD® applications RigCLOUD® Apps RigCLOUD® Edge Remote Visualization Data is delivered from Edge 2 devices to the cloud Digital Operations Center Cybersecurity Partner
Slide 13: Debt Maturity Profile as of September 30, 2020
Debt Maturity Profile as of September 30, 2020 $2,000 As of September 30, 2020 outstanding balance maturing $1,500 in 2021 is $129 million Debt at 9/30/2020 $1,000 Total Debt: $3.29Bn(2) 752 $500 Cash, Cash Equivalents & 775 $0.51Bn 575 600 STI 400 129 173 Total Debt Less Cash, $0 $2.78Bn(2) 2020 20
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