Slide 1: NOV Inc. Second Quarter 2025 Earnings Presentation
NOV Inc. Second Quarter 2025 Earnings Presentation
Slide 2: Safe Harbor / Forward Looking Statements / Non-GAAP Financial Measures
Safe Harbor / Forward Looking Statements / Non-GAAP Financial Measures This document contains, or has incorporated by reference, statements that are not historical facts, including estimates, projections, and statements relating to our business plans, objectives, and expected operating results that
Slide 3: NOV powers the industry that powers the world
NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV’s deep expertise and technology
Slide 4: Significant Achievements
Significant Achievements Awarded a multi-year contract to provide Secured a contract to deliver a Submerged Installed four high-profile automation instrumentation and digital services across the Swivel and Yoke (SSY) system for an FLNG packages on separate offshore rigs, including US fleet of a majo
Slide 5: Q2 2025 Consolidated Revenue
Q2 2025 Consolidated Revenue Sequential Year-on-Year Adjusted $1.0B Revenue Revenue EBITDA % Energy Products and Services +3% (2)% 14.2% $1.2B +5% 0% 13.1% Energy Equipment $2.2B +4% (1)% 11.5% NOV 53% 47% 38% 62% Land Offshore North America International Form 8-K containing earnings release for the
Slide 6: Energy Products and Services
Energy Products and Services Provides critical technologies consumed in drilling, intervention, completion, and production activities Lower levels of global activity year-on-year affected demand for consumable products, partially offset by higher sales of capital equipment offerings. Profitability w
Slide 7: Energy Equipment
Energy Equipment Designs, delivers, manufactures, and supports advanced drilling, completion, and production solutions Higher revenue out of backlog offset lower sales of aftermarket parts and services. Improved profitability year- over-year was driven by strong execution on higher-margin backlog. 2
Slide 8: Capital Allocation
Capital Allocation Balance Sheet Capex M&A Return Capital Investment grade rating critical Maintain our asset base and Enhance strategic growth Through base dividend, share to business model invest in organic growth initiatives repurchases, and annual opportunities supplemental dividend <1x <2x $16
Slide 9: Q3 2025 Outlook
Outlook: Q3 2025 Outlook Year-Over-Year (Q3’24 vs Q3’25) Revenue Down one to three percent NOV Adj. EBITDA $230 million - $250 million Revenue Flat to down two percent EPS Adj. EBITDA $130 million - $150 million Revenue Down one to three percent EE Adj. EBITDA $145 million - $160 million Guidance is
Slide 10: Appendix
Appendix © 2025 NOV Inc. All rights reserved. 2025 Earnings Presentation – 7/29/2025 10
Slide 11: Reconciliation of Net Income to Adjusted EBITDA (Unaudited)
Reconciliation of Net Income to Adjusted EBITDA (Unaudited) In millions Three Months Ended Six Months Ended June 30, March 31, June 30, 2025 2024 2025 2025 2024 Revenue: Energy Products and Services $ 1,025 $ 1,050 $ 992 $ 2,017 $ 2,067 Energy Equipment 1,207 1,204 1,146 2,353 2,382 Eliminations (44
Slide 12: Reconciliation of Cash Flows from Operating Activities to Free Cash Flow (Unaudited)
Reconciliation of Cash Flows from Operating Activities to Free Cash Flow (Unaudited) In millions Three Months Ended Six Months Ended June 30, June 30, 2025 2025 2024 Total cash flows provided by operating activities $ 191 $ 326 $ 354 Capital expenditures (83) (167) (151) Free Cash Flow $ 108 $ 159 $
Slide 13: © 2025 NOV Inc. All rights reserved. 2025 Earnings Presentation – 7/29/2025
© 2025 NOV Inc. All rights reserved. 2025 Earnings Presentation – 7/29/2025 13