Nabors Industries Ltd. · NYSE:NBR
Nabors Industries — Q2 2020 Earnings Presentation
13 slides from Nabors Industries's earnings presentation, Jul 29, 2020
Slide 1: Nabors Industries 2Q 2020 Earnings Presentation
NABORS INDUSTRIES 2Q 2020 Earnings Presentation Tuesday, July 28, 2020 Wednesday, July 29th 2020
Slide 2: Forward Looking Statements
Forward Looking Statements We often discuss expectations regarding our future markets, demand for our products and services, and Our businesses depend, to a large degree, on the level of spending by oil and gas companies for exploration, our performance in our annual, quarterly, and current reports,
Slide 3: Recent Company Highlights
Recent Company Highlights Proactive multifaceted response globally safeguarding employee health, business continuity and financial sustainability Liquidity (cash and cash equivalents plus undrawn credit facility) totaled nearly $925 million Repurchased ~$187 million of debt in the open market Cost r
Slide 4: 2Q Rig Utilization and Availability
2Q Rig Utilization and Availability (1) 2Q20 Average Average Rig Fleet Rigs Working Utilization U.S. Lower 48 High Spec 110 57 52% Legacy 79 0 0% U.S. Lower 48 189 57 30% U.S. Offshore 12 4 33% Alaska 16 3 16% Canada 35 2 6% International 149 82 55% Total Fleet 401 148 37% (1) As of June 30, 2020 No
Slide 5: Successfully Improving Customer Mix
Successfully Improving Customer Mix % of Lower 48 Drilling Revenue Market Peak - 2014 2Q 2020 19% Growing position with 3% 41% the top customers in 48% the Lower 48 78% 11% Tier 1 Tier 2 Tier 3
Slide 6: Continuing to Build Market Share with the Supermajors
Continuing to Build Market Share with the Supermajors 2014 2Q 2020 The leader in the NBR 9% Supermajors 7% 22% 21% HP PTEN market segment, 46% 9% ESI Nabors gained 22% PDS 2% 24% compared to 9% Other 39% 14% market peak in 54 Active AC 1500 Rigs with 44 Active AC 1500 Rigs with 2014 Supermajors Supe
Slide 7: Focus on Mission Zero -- Driving Safety Performance
Focus on Mission Zero -- Driving Safety Performance IADC 1.50 Lower 48 solidly outperforming the 0.93 industry-average NBR reported TRIR
Slide 8: Powering Rigs with Alternative/Dual Fuel
Powering Rigs with Alternative/Dual Fuel Nabors has long history of deploying rigs powered by alternative power sources • Deployed first unit in 1985 on North Slope • Highline-capable • Gas-capable w/turbine • Lower 48 • 40 dual-fuel-capable rigs Highline power Natural gas
Slide 9: Smart Technology Portfolio Why Smart?
Evolving the Brand Smart Technology Portfolio Smart Technology Portfolio Why Smart? Current Names New Names Nabors SmartRigs® represent our most capable, multi-well Rigtelligent®, SmartROS™ pad drilling rigs that leverage our proprietary rig control Rigtelligence™ system. WellProg™ SmartPLAN™ As par
Slide 10: NDS Lower 48 Activity
NDS LOWER 48 ACTIVITY Lower 48 NBR Rigs – SmartApps Penetration Rates Growing SmartApps in a difficult market SmartNAV™/SmartSLIDE™ 39% SmartDRILL™ Market acceptance of Nabors apps increasing based on: 30% Technology that resonates with customers Optimal mix of scalability and customization 21%
Slide 11: RigCLOUD Platform workflow
RigCLOUD® Platform workflow Ecosystem of real-time collaborative apps for well delivery Real-time visibility and analytics to drive performance Data is delivered from edge devices (data source) to the cloud 2 3 DRILLING MANAGER DATA ENGINEER ANALYST RigCLOUD ® Edge RigCLOUD ® LiveOps Remote Visualiz
Slide 12: Smart Technology Products
Smart Technology Products Name Description SmartROS™ SmartROS™ is a rig operating system for machine and process automation apps to control all equipment on the drilling rig, including pumps, drawworks, top drive, wrench, catwalk, hoists, rig mobility, and other systems. SmartROS™ includes a sequenc
Slide 13: Debt Maturity Profile as of June 30, 2020
Debt Maturity Profile as of June 30, 2020 $2,000 Debt @ 06/30/2020 Total Debt: $3.28Bn(2) As of June 30, 2020 $1,500 outstanding balances maturing Cash & Cash Equivalents $0.48Bn in 2020 & 2021 are $139 million Total Debt less Cash & Cash Equiv. $2.79Bn(2) & $154 million, respectively $1,000 Undrawn