Archer Limited · OSL:ARCH

Archer — Investor Presentation (March 2011)

30 slides from Archer's investor presentation, March 2011

  1. Slide 1: Archer - The well company

    Archer - The well company Jørgen Peter Rasmussen Chief Executive Officer March 2011

  2. Slide 2: Our goal

    Our goal Deliver better wells, to help our customers produce more oil and gas Private and Confidential 2

  3. Slide 3: Archer at a glance

    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) traded on OSE drilling, Drill bits, Drilling & Completion fluid

  4. Slide 4: Global footprint

    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 Singapore Arajacu Santa Cruz de la Sierra Rio de Janeiro WA Catu Tartagal Pico Trun

  5. Slide 5: Geographical revenue overview

    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

  6. Slide 6: Unaudited consolidated P&L

    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 637,5 506,3 70,4 1 214,2 1 477,2 721,5 659,7 96,0 Operating Expenses 555,7 4

  7. Slide 7: Global oilfield services market

    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 Services Coiled Tubing Services $250,000 Logging-While-Drilling Solids

  8. Slide 8: The portfolio of products and services

    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 monitoring Drilling & Completion fluids Coiled tubing Tubular handling C

  9. Slide 9: What is Archer doing differently?

    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 services operators to Enhanced Straightforward access solutions recovery c

  10. Slide 10: We have assembled the right technology to solve key industry challenges

    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 conveyance management suspension platform plugs Private and Confi

  11. Slide 11: We have a solid backlog in the North Sea

    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 Veslefrikk A, B StatoilHydro Life of field Ula & Valhall BP Gyda Talisman 1 y

  12. Slide 12: Company growing 25% a year CAGR

    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

  13. Slide 13: Growth strategy – Footprint and Technology

    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 focus on Acquisitions must customers and move practical, fit-for-

  14. Slide 14: Our service offering ambitions

    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 & Completion fluids Tractor Tubular handling Specialist intervention Plugs

  15. Slide 15: Imagine the technology we bring to our clients wells

    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 effectively, improve well performance and extend well life. Introduc

  16. Slide 16: We have begun an aggressive expansion of our global footprint

    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, beginning of market experience concentrated client base penetration

  17. Slide 17: Financials

    Financials Private and Confidential 17

  18. Slide 18: Seawell unaudited consolidated statement of operations

    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 revenues Operating revenues 1,029.3 728.1 3,687.5 3,101.2 Reimbursables 233.9

  19. Slide 19: Seawell unaudited consolidated statement of operations

    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 Interest income 3.2 1.3 9.3 5.6 Interest expenses (14.5) (23.1) (82.5) (

  20. Slide 20: Seawell unaudited consolidated balance sheets

    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 0.0 191.1 Total current liabilities 967.1 961.4 Non-current liabilities S

  21. Slide 21: Seawell unaudited consolidated balance sheets

    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 current assets 378.6 191.0 Total current assets 2,363.2 1,029.9 Non

  22. Slide 22: Seawell Segment information

    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 1,027.9 720.1 3,577.6 3,199.4 Well Services 235.3 141.7 751.3 625.4

  23. Slide 23: Organisation

    Organisation Private and Confidential 23

  24. Slide 24: The Management

    The Management, 300+ years experience in Oilfield services and global operations Executive team: Jørgen Peter Rasmussen, Chief Executive Officer (DK) Thorleif Egeli, Chief Operating Officer (N) Lars Bethuelsen, Chief Financial Officer(N) Max Bouthillette, General Counsel (CAN) Carlos Calad, VP Marke

  25. Slide 25: Board Of Directors, Archer Limited

    Board Of Directors, Archer Limited Saad Bargach, non executive Chairman Fredrik Halvorsen, Vice Chairman Tor Olav Trøim John Reynolds Cecilie Fredriksen Alejandro Bulgheroni Kate Blankenship Gianni Dell’ Orto Jørgen Peter Rasmussen Multiple nationalities, Long industry experience Private and Confide

  26. Slide 26: Summary

    Summary Private and Confidential 26

  27. Slide 27: Summary

    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 footprint where needed Focus on service quality, operational excel

  28. Slide 28: Proforma Operational EBITDA for 4Q and 2010

    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

  29. Slide 29: Disclaimer

    Disclaimer This presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated (“relevant persons”). Any person who is not a relevant person should not act or rely on this presentations or any of its contents. This presentation does not co

  30. Slide 30: Thank you

    Thank you Private and Confidential 30

Archer — Investor Presentation (March 2011) on 6ix