Weatherford International Plc · NASDAQ:WFRD

Weatherford International — Corporate Update (January 2018)

8 slides from Weatherford International's corporate update, Jan 29, 2018

1. Slide 1: Change in Reporting Segments

   CHANGE IN REPORTING SEGMENTS vw Weatherford

2. Slide 2: All rights reserved.

   ©2018 Weatherford International plc. All rights reserved.

3. Slide 3: Segment Overview

   SEGMENT OVERVIEW Financial Reporting Aligned with Management Structure Unlocks Our Ability to Achieve Standardization and Drive Process Improvements Aligned with Decision Making Processes and Organization of Our Customers Grouped Based On Market Requirements and Cross-product Line Synergies 62018 We

4. Slide 4: New Hemispherical Segment Reporting Structure

   NEW HEMISPHERICAL SEGMENT REPORTING STRUCTURE WESTERN HEMISPHERE SEGMENT EASTERN HEMISPHERE SEGMENT GEOZONES: a 7 ——— GEOZONES: United States North Sea, Azerbaijan Canada and Sub-Sahara Africa Mexico Continental Europe Colombia, Peru, and Venezuela Russia, China and Kazakhstan Argentina, Bolivia, an

5. Slide 5: Net Revenues by Segment: Prior and Current Structure

   4 1. Western Hemisphere includes North America, Latin America and Rigs located in Colombia and Mexico 2. Eastern Hemisphere includes MENA/Asia Pacific, Europe/SSA/Russia and Rigs located in the Eastern Hemisphere Prior (Unaudited) (Dollars in millions) 2016 2017 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q North America

6. Slide 6: Segment Operating Income (Loss): Prior and Current Structure

   * Under the new segment reporting structure, R&D expenses are included in the operating loss of the Western and Eastern Hemisphere segments **Adjustment excludes the first quarter 2016 charges on the Zubair contract of $52 million and the second quarter income on the Zubair contract of $50 million r

7. Slide 7: Depreciation and Amortization by Segment

   6 Prior (Unaudited) (Dollars in millions) 2016 2017 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q North America $ 54 $ 58 $ 55 $ 41 $ 208 $ 40 $ 40 $ 39 MENA/Asia Pacific 61 60 60 52 233 51 51 49 Europe/SSA/Russia 48 48 45 41 182 39 39 36 Latin America 61 56 56 55 228 51 48 49 Land Drilling Rigs 22 23 22 22 89 24 23 23 R

8. Slide 8: Disclaimer

   DISCLAIMER This presentation contains forward-looking statements concerning, among other things, Weatherford International plc's (‘Weatherford”) prospects for its operations and expectations regarding future financial results which are subject to certain risks, uncertainties and assumptions. These r

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