Nabors Industries Ltd. · NYSE:NBR
Nabors Industries — Q4 2020 Earnings Presentation
12 slides from Nabors Industries's earnings presentation, Feb 24, 2021
Slide 1: Nabors Industries Ltd. 4Q Earnings Presentation
2/24/2021 NABORS INDUSTRIES LTD. 4Q Earnings Presentation 1
Slide 2: Forward Looking Statements
Forward Looking Statements We often discuss expectations regarding our future markets, demand for our products and services, • the possibility of political or economic instability, civil disturbance, war or acts and our performance in our annual, quarterly, and current reports, press releases, and o
Slide 3: Recent Company Highlights
Cut debt obligations by $307M in 4Q20 & ESG score SmartDRILLTM 1Q21 improvement in 4Q approaching 30% Executed debt 2 points Environmental penetration across exchanges and open Nabors’ Lower 48 1 point Social rigs Recent market repurchases Steadily increasing Company since update in 2Q 2020 Highligh
Slide 4: 4Q Rig Utilization and Availability
4Q Rig Utilization and Availability TOTAL U.S. LOWER 48 U.S. OFFSHORE ALASKA CANADA INTERNATIONAL RIG FLEET(1) 383 187 12 16 35 133 HIGH SPEC 110 4Q20 AVERAGE RIGS ON REV 132 54 2 3 10 63 HIGH SPEC 53 AVERAGE UTILIZATION 34% 29% 17% 19% 29% 47% HIGH SPEC 48% 4 (1) As of December 31, 2020 Note: Subto
Slide 5: Building L48 Market Share with the Supermajors
Building L48 Market Share with the Supermajors 2014 4Q 2020 7% 15% NBR A leader in the supermajors 9% 22% market segment, Nabors 8% 33% HP increased market share by 22% 4% PTEN 50%compared to the 2014 peak. 39% ESI Other 40% “I gave Nabors a 9 for their quality, forward- Major Major “ Best in-basin
Slide 6: Nabors' Commitment to Environmental Stewardship
Nabors’ Commitment to Environmental Stewardship 3 High-Line rigs, 4 Bi-Fuel rigs, including 1 rig using our advanced energy management system in L48 Signed onto the Science Based Targets initiative, committed to setting science-based GHG emissions targets 40 dual-fuel-capable rigs in Lower 48 Evalua
Slide 7: Nabors Smart Suite Savings of $141,399 per well
Nabors Smart Suite INTEGRATED OFFERING Savings of $141,399 per well Nabors Smart Suite integrated automation solution drives SmartNAV™ performance, reduces cost, and removes WBP personnel Automated directional guidance system, improves from well site for a major operator in U.S. Bakken. wellbore pla
Slide 8: Increasing Automation Across NDS Services
Increasing Automation SmartDRILLTM Penetration (% of Nabors Rigs) 29% Across NDS Services 19% Automated Well Stats Life to Date Q4 Wells – SmartSLIDE™/SmartNAV™ 655 68 Wells – SmartDRILL™ 152 64 6% Footage – SmartSLIDE™/SmartNAV™ 12.20M ft 1.2M ft Footage – SmartDRILL™ 3.05M ft 1.2M ft Q1’20 Q2’20 Q
Slide 9: SmartDRILL: Industry leading value proposition
SmartDRILLTM : Industry leading value proposition Feature SmartDRILL™ Benefit Customer Success Automated Processes 61% Improvement in Connection Times Slips to Weight Connections, BHA Reliability Automation Aggregate (mins) Rotary to Slide 3.79 Slips to Weight (mins) Slide to Rotary BHA Reliability
Slide 10: Smart Suite Resonating with Customers
Smart Suite Resonating with Customers “Thank you for all the updates that you are making to your automation software… the progress made can be seen every meeting. “The recent work with SmartDRILL™ has been This is all thanks to a group who has been very encouraging …” very responsive and is always a
Slide 11: Debt Maturity Profile as of December 31, 2020
Debt Maturity Profile as of December 31, 2020 During 2020, reduced or Debt at 12/31/2020 $1,500 extended maturities on an Total Debt: $2.97Bn(2) $1,250 aggregate $1.5 billion of notes Cash, Cash Equivalents & STI $0.48Bn with maturities through 2023 Total Debt Less Cash, Cash Equiv. & STI $2.49Bn(2)
Slide 12: Contact Us
Contact Us: William C. Conroy NABORS CORPORATE SERVICES 515 W. Greens Road VP - Corporate Development and Investor Suite 1200 Relations Houston, TX 77067-4525 William.Conroy@nabors.com Kara K. Peak Director - Corporate Development and Investor Relations Kara.Peak@nabors.com nabors.com