Slide 1: Archer Q3 2024 results
Slide 2: Disclaimer - forward looking statements
Disclaimer - forward looking statements 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 “fo
Slide 3: At a glance
A At a glance Revenue ($m) Archer The Well Company $1.3bn $129m $2.4bn LTM revenue LTM EBITDA Contract backlog 50 years 40 4,900+ Operational experience Locations globally Global personnel Carbon neutrality since '22 Scope 1 & 2 outside Argentina and Bolivia 20 21 22 Il epitDA- CAPEX ITDA ($m) Li Pl
Slide 4: Record Q3 EBITDA
Record Q3 EBITDA Q3 Revenue of $335 million; up 11% YOY Q3 EBITDA before exceptional $36.4 million, up 13% YOY Record Q3 EBITDA of $34.9 million, up 14% YOY YTD EBITDA of $98.6 million, up 15% YOY Positive net income in Q3 of $2.9 million Acquired MPD service provider in Argentina Acquired Moreld Oc
Slide 5: Platform Operations
A Platform Operations Financials Revenues ($m) 18% [_ 16 * Operational revenue increased by 14%, ending at $123 million + EBITDA of $16 million represents an increase 150 of 8% compared to previous quarter and 100 18% compared to Q3 last year, following strong performance in all areas 50 104 m 12 10
Slide 6: Well Services
A Well Services Revenues ($m) EBITDA ($m) Financials * Revenue up with $9 million from last quarter 105 15 100 14 * EBITDA increase by $0.6 million from last G5} quarter 90 13 85 12 80 3 1 70 10 65 8 60 55 8 5 ~ Operations 50 7 45 6 * Well Services continue to see international 40 growth 35 5 30 A *
Slide 7: Land Drilling
A Land Drilling Revenues ($m) EBITDA ($m) 10 +50% + 9 100 973 992 | 3 8g.0 7 5 7 20 8.2 5 6 60 B 40 4 3 20 > () 1 Q3-23 Q4-23 Q124 Q2-24 Q324 Operational revenue — EBITDA (right axis) Number of active Archer rigs 43 43 43 44 43 20 10 Q3-23 4-23 Qr24 Q2-24 Q3-24 Workover & Pulling unitsiilf! Drilling
Slide 8: Condensed profit & loss
Condensed profit & loss Total revenue of $335.1 million in Q3 2024 represent an increase of $32.4 million from same quarter last year, driven by growth in all business areas EBITDA before expectational of $36.4 million, with a margin 10.8% EBITDA of $34.9 million is an increase of $4.2 million or 14
Slide 9: Condensed balance sheet
A $ million 30.09.2024 31.12.2023 Condensed balance sheet Cash and cash equivalents, 56.9 521 ap mm t * Cashand cash equivalents of $56.9 million, Restricted cash 7 35 : ane Accounts receivables 188.2 1838 Wishes by $4.8 million compared to year Inventories 69.8 75.0 Other current assets 60.3 40.4 +
Slide 10: Appendix
Appendix
Slide 11: Key financials
Key financials 2 Reimbursable Operational revenue Yi; Prepaid debt fees NIBD 300 250 200 Revenue[$m] 335 303 305308309 248 252 260 265 Q323 0423 Q124 0224 80324 NIBD[Sml 387 391 36, 302 361 367 363 an Q3-23 4-23 EBITDAISm] ———L—< 328 307 309 309 Q323 423 Qr24 = a2 24 CAPEX [Sm] —== 24,7 165 2 94 Q32
Slide 12: (Figures in $ million) Q3 23 Q4 23
(Figures in $ million) Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 12
Slide 13: Condensed balance sheet (unaudited)
Condensed balance sheet (unaudited) Cash, cash equivalents & restricted cash Accounts receivables Inventories Other current assets Investments and loans in associates Property, plant and equipment, net Right of use assets Goodwill Other non-current assets Total assets Current portion of interest-bea
Slide 14: Condensed cash flow statement - last quarters (unaudited)
Condensed cash flow statement - last 5 quarters (unaudited) (Figures in $ million) Q3 23 Q423 Q124 Q224 Q3 24 Operating activities 02 18.7 143 244 19.7 Investing activities 26 (22.7) (8.6) (23.4) (20.1) Financing activities 05 (19.3) (0.6) (0.5) (1.6) FX effect - 2.6 (2.9) - 2.2 Total* 29) (20.7) 2.