Archer Limited · OSL:ARCH
Archer — Pareto Energy Conference 2025
13 slides from Archer's conference presentation, Sep 10, 2025
Slide 1: Pareto Energy Conference
Archer Pareto Energy Conference Dag Skindlo Chief Executive Officer 10 September 2025
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
Revenue EBITDA $m $m CAGR +11% CAGR +21% 1,301 1,300-1,350 145-155 1,169 135 970 117 86 Our products & services Platform Renewable Operations Services ’22 ’23 ’24 ’25G ’22 ’23 ’24 ’25G Cash contribution Leverage ratio $m Well Land Services Drilling 5.3x CAGR +20% 90-110 73 64 2.9x 56 2.6x 2.2x–2.5x
Slide 4: Much has happened in Archer since last year
Much has happened in Archer since last year Selected major milestones in Archer in period A B C D E $50m private Successful First cash placement and Record 2024 Accelerating $425m debt distributions to acquisition of financials growth in P&A refinancing shareholders WFR Recent P&A contracts1 ~$150m
Slide 5: We have launched our shareholder return program
We have launched our shareholder return program Shareholder cash distributions Archer with attractive direct yield At current rate Shareholder program yields in industry2 Share buybacks ~10% Dividends $22.0m ~10% ~9% ~8% $5.5m Quarterly Annualized ~5% Per share1 NOK 0.62 NOK 2.48 ~4% ~3% ✓ Archer’s
Slide 6: Archer's EBITDA remains robust throughout the market cycles
Archer’s EBITDA remains robust throughout the market cycles Robust historical EBITDA Strong YoY-performance relative to peers1 145-155 EBITDA EBITDA Q2 Margin (Q2 ’25 vs. Q2 ’24) 135 117 11% -13% Peers 10% 10% 9% 9% 10% 95 9% Archer +16% 8% 85 86 7% 73 76 EBITDA YTD (H1 ‘25 vs. H1 ’24) 55 -12% Peers
Slide 7: Resilient and cash generative business units
Resilient and cash generative business units Share of ‘25E EBITDA EBITDA development ~40% $m ▪ Broad well intervention portfolio, 48 52 Well including P&A solutions 31 32 Continued growth and ▪ Strong EBITDA growth of ~25% 22 Services CAGR since ‘17 including bolt-on margin expansion acquisition suc
Slide 8: Positioned in the resilient brownfield and energy transition market segments
Positioned in the resilient brownfield and energy transition market segments Main market exposure: ~90% of Archer revenue Greenfield Brownfield operations Energy transition Renewables operations Late life production Well P&A and decommissioning Services for exploratory ✓ Services to optimize product
Slide 9: Archer is well positioned to capture the large and growing P&A market
Archer is well positioned to capture the large and growing P&A market $240bn global offshore decom. spend to 2050 Archer is well positioned globally Rystad estimated E&P abandonment costs 2024-2050, $bn 50 Market/region Archer position Archer core markets Market leader in the North Sea 40 ➢ Integrat
Slide 10: Innovating and industrializing to bring down the cost of P&A
Innovating and industrializing to bring down the cost of P&A Target to reduce overall cost of P&A projects Innovating for P&A solutions Integration and project management Broad and advanced P&A tool portfolio Lighter units for platform P&A Developing rigless P&A solutions Developing advanced subsea
Slide 11: Land Drilling preserved cash generation despite reduced activity
Land Drilling preserved cash generation despite reduced activity O&G market in Argentina Key takeaways Rig count in Argentina is down YTD Oil Gas ▪ Investments and cash allocation towards export #of active rigs Current focus is capacity is current priority for operators on infrastructure ▪ Significa
Slide 12: Archer's capital allocation strategy
Archer’s capital allocation strategy Balance sheet Capex M&A Shareholder returns Strong balance sheet and Capex maintained at Selective accretive Shareholder healthy debt levels moderate levels bolt-on acquisitions returns • Target a long-term leverage • Targeting total capex of 3-4% • Disciplined s
Slide 13: The Well Company
The Well Company I Resilient business model with ~90% of revenues from brownfield operations and P&A II Strong and stable EBITDA development throughout the market cycles III P&A and decom market set to double by 2050 IV Quarterly cash distributions to shareholders, currently at ~10% yield V Continue