Archer Limited · OSL:ARCH
Archer — Pareto Energy Conference 2026
24 slides from Archer's conference presentation, Sep 16, 2026
Slide 1: Pareto Energy Conference
Archer Pareto Energy Conference Dag Skindlo Chief Executive Officer 16 September 2026
Slide 2: Disclaimer
Disclaimer Cautionary Statement Regarding Forward-Looking Statements In addition to historical information, this presentation contains statements relating to our future business and/or results. These statements include certain projections and business trends that are “forward-looking.” All statement
Slide 3: Our products & services
Our products & services Well Platform P&A Services Operations $1.2bn $167m $4bn ’25 Revenue ’25 EBITDA YE ’25 backlog1 Land Renewable Drilling Services 50+ years 40 ~3,500 Operational experience Locations globally Global personnel 2 1 Including options 2 Per 30.6.2026 3
Slide 4: Q2 Financials: Record EBITDA
Q2 Financials: Record EBITDA Revenue ($m)1 EBITDA ($m)1 Dividends ($m) Backlog ($bn) Q2 Revenue Q2 EBITDA Q2 Distribution Q2 Backlog2 $263m $45m $6.5m $3.9bn 17.1% margin NOK 0.62/share 258 269 263 45 6.4 6.5 3.9 39 5.5 3.4 36 Q2-25 Q1-26 Q2-26 Q2-25 Q1-26 Q2-26 Q2-25 Q1-26 Q2-26 Q1-26 Q2-262 1 Excl
Slide 5: Strong and resilient EBITDA growth over time
Strong and resilient EBITDA growth over time Robust historical EBITDA1 Comments EBITDA IFRS +21% 167 • Strong annual EBITDA growth of 21% Margin since 2022 and 13% since 2017, driven by 149 organic growth and M&A Peers 131 • EBITDA margin expansion over time with further improvement in 2026 109 95 •
Slide 6: Strong earnings visibility from backlog of $3.9bn
Strong earnings visibility from backlog of $3.9bn Revenue backlog implies above $600m of EBITDA1 Strong visibility and high backlog coverage Revenue backlog ($bn) • Long-term visibility through Platform Operations contracts with blue-chip clients, Revenue YTD Firm backlog Option totalling about $1.8
Slide 7: Archer business units in brief
Archer business units in brief Share of ‘26E EBITDA Key highlights Resilient business units1 ~45% EBITDA $m ▪ Broad portfolio of well intervention and 63 68 P&A services and technology 55 Well ▪ Strong EBITDA growth of close to 20% 29 38 35 Continued growth and Services CAGR since ‘17 including bolt
Slide 8: Market exposure
Archer’s markets Mainly positioned in the production and well decom market segments Production operations Energy transition Greenfield operations Renewables Production and late life services Well P&A and decommissioning Archer role Services for exploratory Increase lifetime and output of Ensuring we
Slide 9: $800 million integrated P&A backlog, including more than 500 wells
$800 million integrated P&A backlog, including more than 500 wells Integrated P&A contract overview Client Location Scope Duration Integrated subsea P&A execution: Archer to provide well engineering, Equinor NCS 3 years + 4-year option fishing services and downhole tools ~$800 million Late-life oper
Slide 10: Major integrated P&A contract awarded by Apache in the UK
Major integrated P&A contract awarded by Apache in the UK Major integrated P&A project Broad P&A scope for Archer • Archer will deliver all platform-based drilling services, a 7 198 68 P&A unit, and a range of well services to both platform and subsea wells as part of the integrated P&A offering UK
Slide 11: Archer is growing in subsea intervention and P&A
Archer is growing in subsea intervention and P&A Subsea interventions and P&A in key regions Growing subsea track record ✓ Executed intervention and P&A work of more than 300 subsea wells globally ✓ Current P&A backlog of more than 100 subsea wells US GoA Norway ✓ Significant subsea P&A contracts wi
Slide 12: Disruptive downhole solutions to support growth in subsea P&A
Need some more visual work/improvements Disruptive downhole solutions to support growth in subsea P&A Key disruptive rig less and P&A technologies in development Main benefits of technologies Alternative Slim PWC Steel removal Through-tubing permanent solutions on wireline logging barriers ▪ Less re
Slide 13: Investment highlights
Text likely need some edits if slide is to be included Investment highlights I Leading provider of well services and drilling operations, with backlog of $3.9bn II Resilient business model with ~90% of revenues from brownfield operations and P&A III Strong annual EBITDA growth of more than 20% over
Slide 14: Appendix
Appendix 14
Slide 15: Solid outlook for Archer's core markets
Solid outlook for Archer’s core markets Stable production spending in key offshore markets Global offshore decom spending set accelerate E&P brownfield spending 2023-2028E ($bn) Offshore decom expendtiures ($bn) 3x UK NOR US 88 +1% 31 30 30 29 29 29 53 39 40 31 21 2023 2024 2025 2026E 2027E 2028E ’1
Slide 16: Archer is well positioned to capture the growing offshore P&A market
Archer is well positioned to capture the growing offshore P&A market >$200bn decom spend next 20 years Archer is well positioned globally Rystad offshore decom expenditures 2026-2045, $bn Archer main market focus Technology and solutions approach Market/region Archer position today 41 Market leader
Slide 17: Well positioned to capture the expected growth in both platform and subsea P&A
Well positioned to capture the expected growth in both platform and subsea P&A Global deepwater decom spending, 2016-2045 Archer is well positioned in both markets Offshore deepwater expenditures, $bn Platform P&A 36 Large market today, with material growth to continue 20 2.5x Platform ➢ Archer lead
Slide 18: Well Services: Intervention and P&A services
Well Services: Intervention and P&A services High-end well intervention services and technology Strong EBITDA growth • High-end solutions ensuring well performance to clients globally and a EBITDA ($m)1 leading offering within P&A services • Strong annual EBITDA growth of close to 20% from 2017 to 2
Slide 19: Platform Operations: Platform drilling, engineering and P&A units
Platform Operations: Platform drilling, engineering and P&A units Production and late life operation services Diverse service offering • A leading platform drilling provider in the North Sea, based on long- term contracts with major operators Platform Operations • Platform Drilling and P&A units ser
Slide 20: Platform Operations: Broad range of modular units for P&A
Platform Operations: Broad range of modular units for P&A Workover and P&A rigs Lighter P&A units Topaz 400t Emerald 400t Sirius 150t AP 101 300/110 Compact workover rig Compact workover rig Warm stacked – Ongoing P&A project P&A project startup P&A project startup P&A project start up for Equinor Q
Slide 21: Land Drilling: Cash positive drilling business focused on the growing Vaca Muerta
Land Drilling: Cash positive drilling business focused on the growing Vaca Muerta A leading land drilling provider in Vaca Muerta Financial profile of Vaca Muerta business Land Drilling EBITDA ($m), excluding workover business1 • A leading provider of land drilling services in Argentina • Self-suffi
Slide 22: Land Drilling: Solid earnings visibility through $800m backlog
Land Drilling: Solid earnings visibility through $800m backlog Well positioned to capture the growth in Argentina Land Drilling contracts overview Set for growth in Vaca Muerta Drilling rigs Client 2026 2027 2028 2029 2030 • Oil production in Vaca Muerta is growing rapidly and clients and industry e
Slide 23: Reiterate our financial guidance for 2026
Reiterate our financial guidance for 2026 2026 financial estimates1 Key takeaways • Single-digit growth expected for 2026 EBITDA, despite the sale of EBITDA ($m) 167 the workover business in the south of Argentina Single-digit • We expect 2-4 percentage points improvement in EBITDA margin growth fro
Slide 24: Archer's capital allocation strategy
Archer’s capital allocation strategy Shareholder returns M&A Capex Balance sheet Shareholder Selective accretive Capex maintained at Strong balance sheet returns bolt-on acquisitions moderate levels • Regular and sustainable • Disciplined strategy, with • Targeting total capex of 5-6% • Target a lon