Archer Limited · OSL:ARCH
Archer — Fearnley High Yield Seminar 2026
12 slides from Archer's conference presentation, June 2026
Slide 1: |) Way ¥
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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: Archer
Archer (=) © $1.2bn $167m '25 Revenue '25 EBITDA 50+ years 40 Operational experience Locations globally + including options ®) $4bn YE '25 backlog" ~3,500 Global personnel Our products & services Renewable Services
Slide 4: Archer in brief
Archer in brief Share of ‘26E EBITDA Resilient business units‘ Broad well intervention portfolio, ESTA Se including P&A solutions Strong EBITDA growth of close to 20% GR since ‘17 including bolt-on acquisition such as WFR and Premium Close to 50% market share in the North Sea? Platform Long-term con
Slide 5: Q1 Highlights — another strong quarter
Q1 Highlights — another strong quarter Q1 revenue of $278 million, down 7% YoY (up 15% when excluding divested workover business) Q1 EBITDA of $37.2 million, in line with same quarter last year (up 12% when excluding divested workover business) EBITDA margin of 13.4%, up from 12.5% same quarter last
Slide 6: Archer is positioned in resilient brownfield and energy transition market segments
Archer is positioned in resilient brownfield and energy transition market segments Main market exposure: ~90% of Archer revenue Services for exploratory wells Increase lifetime and output of We are the P&A company - Services to the geothermal and well construction existing well from drilling and eee
Slide 7: Archer’s EBITDA remains resilient
Archer’s EBITDA remains resilient Robust historical EBITDA ———— @ EBITDA — Margin a 95 94 i jimi a i Eka ii! 1 I 21 Peers: average reported adj. EBITDA of Haliburton, Weatherford, Baker Hughes OFSE segment, SLB, Expro, OTL 22 Strong Q1 EBITDA relative to peers’ EBITDA Q1 YoY (Q1'26 vs. Q1 '25) -10%
Slide 8: Solid outlook for Archer’s core markets
Solid outlook for Archer’s core markets Stable brownfield spending in key offshore markets E&P brownfield spending 2023-2028E (Sbn) Mux Minor Mus 2023 2024 2025 2026E 2027E 2028E + Brownfield operations is low-cost production in existing, mature fields and is the least cyclical part of O&G productio
Slide 9: Archer set to capture expected growth in Vaca Muerta
Archer set to capture expected growth in Vaca Muerta O&G market in Vaca Muerta Land Drilling set to benefit Oil takeaway capacity from Vaca Muerta is rapidly expanding #thousand bpd capacity year-end’ 1,500 “ - ] 500 0 2024 2025 2026E 2027E 2028E Oil production growth follows #thousand bpd oil produ
Slide 10: Outlook for Archer backed by backlog of $3.5bn
Outlook for Archer backed by backlog of $3.5bn Revenue backlog implies ~$550m of EBITDA’ Backlog (Sbn) ~13 ~0.8 ~0.7 QI revenue, not part of backlog ‘26 ‘27 ‘28 Thereafter Hl Revenue YTD [I Firm backlog [ll Contract awards YTD if Option Based on backiog and projected EBITDA margin per division ~$500
Slide 11: Archer’s leading P&A position enhanced through isol8 and Dsolve acquisitions
Archer’s leading P&A position enhanced through isol8 and Dsolve acquisitions Archer disruptive technologies Rigless/Subsea P&A % dSolve Alloy barrier ¥ Electrochemical plugs for P&A casing/tubing deployed on removal on wireline wireline High-integrity Replace need barriers for long drilling in many
Slide 12: Investment highlights
Investment highlights Leading provider of well services and drilling operations, with backlog of $3.5bn Strong annual EBITDA growth of more than 20% last 3 years P&A and decom market set to double by 2050 Continued single-digit EBITDA growth expected in 2026