Weatherford International Plc · NASDAQ:WFRD
Weatherford International — Q2 2025 Earnings Presentation
33 slides from Weatherford International's earnings presentation, Jul 23, 2025
Slide 1: Q2'25 Investor Presentation
Q2’25 INVESTOR PRESENTATION Weatherford International PLC Weatherford International Plc. 1
Slide 2: Disclaimer
Disclaimer This presentation contains projections and forward-looking statements concerning, among other things, the Company’s quarterly and full-year revenues, adjusted EBITDA*, adjusted EBITDA margin*, adjusted free cash flow*, net leverage*, ROIC*, shareholder return program, capital allocation f
Slide 3: Q2'25 Financial Results - Highlights
Q2’25 FINANCIAL RESULTS - HIGHLIGHTS NASDAQ: WFRD ABOUT WEATHERFORD FINANCIAL HIGHLIGHTS 75 Countries & 310 Locations Q2’25 Operating Cash Flow of $128M REVENUE ~17,300 Team Members with >110 Adj. Free Cash Flow* of $79M nationalities Net Income of $136M & Basic Earnings per 1% Sqtly. ~8
Slide 4: Shareholder Return Update
SHAREHOLDER RETURN UPDATE Weatherford International Plc. 4
Slide 5: Robust Balance Sheet & Liquidity
Robust Balance Sheet & Liquidity Total Liquidity** Cash Balance Net Leverage* $1.3 billion ~$1 billion 0.49x Highest Liquidity Level Since Cash & Restricted Cash Net Debt* / TTM Adj. EBITDA* Emergence Revolving Credit Facility (RCF) Debt Reduction O/S Maturities $720 million >$1 billion <$1.6 billio
Slide 6: Capital Allocation Framework
Capital Allocation Framework 1 2 BUSINESS 3 4 5 BALANCE SHEET INVESTMENT M&A DIVIDENDS BUYBACKS Through Cycle Resiliency Capex: 3-5% of Revenues Disciplined Approach Annual Dividend at $500M Share Repurchase Maintain ~$1B Liquidity Technology Investment to Strategic Advantage $1.00/S
Slide 7: Q2'25 Segment Overview
Q2’25 SEGMENT OVERVIEW Weatherford International Plc. 7
Slide 8: Drilling and Evaluation
Drilling and Digitally Enabledand Completions Victus®Production and Intervention Centro Real-Time Evaluation Well Construction Centro Well Construction Offerings Intelligent MPD Planning and Optimization Platform Drilling Data Services OPERATIONAL & TECHNOLOGY HIGHLIGHTS: Q2'25 Q2'25 Revenue Differe
Slide 9: Well Construction and Completions
Well Construction Digitally Well Enabledand Completions Vero® Production Construction Automatedand Intervention Accuview® Real-time and Completions Offerings Connection Integrity Remote Support OPERATIONAL & TECHNOLOGY HIGHLIGHTS: Q2'25 Q2'25 Revenue Differentiated Position North America Europe Othe
Slide 10: Production and Intervention
Production and Digitally Well Enabledand Completions Weatherford Construction Autonomous Production and Intervention Cygnet® SCADA Platform ForeSite® Flow: Hybrid Physical Intervention Offerings Surveillance Program for Industrial Operations and Virtual Flow Measurement OPERATIONAL & TECHNOLOGY HIGH
Slide 11: Digital Solutions Overview
Digital Solutions Overview The Modern Edge Unified Data Model WFRD Software Launchpad Unified Data Model SCADA & SSADA SCADA & SSADA Out of the box solution that enables the customers to normalize all operations data Sensors Flow Meters IoT Sensors Sensors Flow Meters IoT Sensors from multiple gener
Slide 12: Strategic Priorities Update
STRATEGIC PRIORITIES UPDATE Weatherford International Plc. 12
Slide 13: Our Mission, Our Vision
Our Mission Producing energy for today and tomorrow. Our Vision As a global leader in energy services, operators trust Weatherford to drive maximum value, streamline operations, and enhance safety. In partnership with our customers, we are committed to producing innovative energy solutions that are
Slide 14: Strategic Priorities 2025 Tactical Focus Areas Goal
STRATEGIC PRIORITIES 2025 TACTICAL FOCUS AREAS GOAL Financial Performance Net Working Capital Efficiency Customer Experience Sustainable Organizational Vitality Profitability Growth Vectors Positive LEAN Operations Free Cash Flow Structural Cost Creating The Future Weatherford International Plc. 14
Slide 15: Our Strategic Priorities
Our Strategic Priorities Q2’25 Adj. FCF* conversion ratio at 31.1% FINANCIAL PERFORMANCE Q2’25 ROIC* of 23.6% and ROA** of 9.4% In Norway, installed the first ISO Flex bridge plug to enable water shutoff and acid squeeze operations CUSTOMER EXPERIENCE In the Kingdom of Saudi Arabia, successf
Slide 16: Financial Performance Update
FINANCIAL PERFORMANCE UPDATE Weatherford International Plc. 16
Slide 17: Consolidated Revenue Performance
Q2’25 Consolidated Revenue Performance Revenue & Adj. EBITDA Margins* Q2’25 Geography Revenue Change (%) Seq. (%) YoY (%) 23% $1,500 26.0% 21.2% 21.1% 4% $1,400 $1,300 (4%) (4%) (3%) (5%) $1,200 $1,405 (19%) $1,100 $1,193 $1,204 $1,000 (45%) $900 NAM LAM MENA ESSR Q2'24 Q1'25 Q2'25 Revenue ($ millio
Slide 18: Consolidated Financial Summary
CONSOLIDATED FINANCIAL SUMMARY ($ in millions, except per share data) INCOME STATEMENT Q2’25 Δ Seq. Δ YoY Services Revenue $732 (1%) (15%) Products Revenue $472 4% (13%) Revenue: 1% sequential increase in Total Revenues $1,204 1% (14%) Q2’25, primarily driven by higher Operating Income $237 67% (1
Slide 19: Drilling & Evaluation
Q2’25 Drilling & Evaluation ($ in Millions) Q2'25 Q1’25 Q2’24 Seq (%) YoY (%) Revenue $335 $350 $427 (4%) (22%) Segment Adj. EBITDA $69 $74 $130 (7%) (47%) Segment Adj. EBITDA margin (%) 20.6% 21.1% 30.4% (55 bps) (985 bps) Segment Revenue Commentary: Sequential decline of 4%, primarily from lower
Slide 20: Well Construction & Completions
Q2’25 Well Construction & Completions ($ in Millions) Q2'25 Q1’25 Q2’24 Seq (%) YoY (%) Revenue $456 $441 $504 3% (10%) Segment Adj. EBITDA $118 $128 $145 (8%) (19%) Segment Adj. EBITDA margin (%) 25.9% 29.0% 28.8% (315 bps) (289 bps) Segment Revenue Commentary: Sequential growth of 3%, primarily
Slide 21: Production & Intervention
Q2’25 Production & Intervention ($ in Millions) Q2'25 Q1’25 Q2’24 Seq (%) YoY (%) Revenue $327 $334 $369 (2%) (11%) Segment Adj. EBITDA $63 $62 $85 2% (26%) Segment Adj. EBITDA margin (%) 19.3% 18.6% 23.0% 70 bps (377 bps) Segment Revenue Commentary: Sequential decline of 2%, primarily from lower
Slide 22: Cash & Capital Discipline
Cash & Capital Discipline Disciplined increased in Capex, while delivering on adj. free cash flow* Q2’25 Highlights Adj. NWC* as % of TTM revenue in Q2’25 was higher by ~34 bps vs. Adj. NWC*: $1,373 million Q2’25 Capex: $54 million Adj. FCF*: $79 million Q2’24 primarily on account of lower revenue
Slide 23: Outlook
Q3’25/2025 Outlook Q3’25 2025 REVENUES $1,165 - $1,195 Million $4.7 - $4.9 Billion ADJUSTED $245 - $265 Million EBITDA* $1,015 - $1,060 Million (slight uptick in margins at the mid-point) ADJUSTED Flat to slightly up from Q2'25 with 100 – 200 bps improvement in FREE CASH significant ramp in Q4'25 fr
Slide 24: Why Invest in Weatherford
WHY INVEST IN WEATHERFORD 1 Differentiated suite of products and services with leading technologies across the portfolio 2 International and offshore relative stability and resilience LONG-TERM SHAREHOLDER 3 Top-tier operational and financial performance VALUE CREATION 4 Strategy towards asset light
Slide 25: Appendix
APPENDIX Weatherford International Plc. 25
Slide 26: Appendix A: Non-GAAP Financial Measures Defined
Appendix A Non-GAAP Financial Measures Defined (Unaudited) We report our financial results in accordance with U.S. generally accepted accounting principles (GAAP). However, Weatherford’s management believes that certain non-GAAP financial measures (as defined under the SEC’s Regulation G and Item 10
Slide 27: Appendix B: GAAP to Non-GAAP Reconciled
Appendix B GAAP to Non-GAAP Financial Measures Reconciled (Unaudited) $ in Millions Quarters Ended 6/30/25 3/31/25 6/30/24 Revenues $ 1,204 $ 1,193 $ 1,405 Net Income Attributable to Weatherford $ 136 $ 76 $ 125 Net Income Margin 11.3% 6.4% 8.9% Adjusted EBITDA* $ 254 $ 253 $ 365 Adjusted EBITDA Mar
Slide 28: Appendix C: GAAP to Non-GAAP Reconciled
Appendix C GAAP to Non-GAAP Financial Measures Reconciled (Unaudited) Weatherford International Plc. *Non-GAAP – as reconciled to the GAAP measures above and defined in APPENDIX A 28
Slide 29: Appendix D: GAAP to Non-GAAP Reconciled
Appendix D GAAP to Non-GAAP Financial Measures Reconciled (Unaudited) $ in Millions 6/30/25 3/31/25 12/31/24 9/30/24 6/30/24 3/31/24 12/31/23 9/30/23 6/30/23 3/31/23 12/31/22 9/30/22 6/30/22 3/31/22 Short-term Borrowings and Current Portion of Long-term Debt $ 26 $ 22 $ 17 $ 21 $ 20 $ 101 $ 168 $ 91
Slide 30: Appendix E: GAAP to Non-GAAP Reconciled
Appendix E GAAP to Non-GAAP Financial Measures Reconciled (Unaudited) $ in Millions Trailing Twelve Months Ending 6/30/25 3/31/25 6/30/24 Numerator Net Income Attributable to Weatherford $ 481 $ 470 $ 500 Denominator Average Total Shareholders' Equity $ 1,380 $ 1,230 $ 956 Net Income Attributable to
Slide 31: Appendix F: Supplemental Financial Information
Appendix F Supplemental Financial Information (Unaudited) $ in Millions Trailing Twelve Months Ending 6/30/25 3/31/25 6/30/24 Numerator Net Income Attributable to Weatherford $ 481 $ 470 $ 500 Denominator Average Total Assets¹ $ 5,126 $ 5,072 $ 4,880 ROA (Return on Assets) 9.4% 9.3% 10.2% Weatherfor
Slide 32: Appendix G: Supplemental Financial Information
Appendix G Supplemental Financial Information (Unaudited) Weatherford International Plc. 32
Slide 33: Thank You
THANK YOU FOR FURTHER Weatherford.com Linkedin.com/Company/Weatherford COMPANY INFORMATION Facebook.com/Weatherford WE INVITE YOU TO VISIT @WeatherfordCorp YouTube.com/Weatherford @WeatherfordCorp Weatherford International Plc. 33
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