Archer Limited · OSL:ARCH
Archer — Pareto Energy Conference 2024
14 slides from Archer's conference presentation, Sep 11, 2024
Slide 1: Pareto Energy Conference
Archer Pareto Energy Conference September 11" 2024 Dag Skindlo Chief Executive Officer
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: Key take aways
A Key take aways Positioned for continued growth, both organically and through M&A initiatives Significant growth potential in the Plug & Abandonment market Argentina policies and investment driving increased drilling activity Profitable and cash positive renewable service portfolio \ Deleveraging t
Slide 4: At a glance
At a glance Archer The Well Company $1.2 - 1.3bn $134 -140m $2.5bn 2024 guided revenue 2024 guided EBITDA Contract backlog 50 years 40 4,900+ Operational experience Locations globally Global personnel Carbon neutral since '22 Scope 1 & 2 outside Argentina and Bolivia Archer 24 Revenue ($m) 22 Pz) Il
Slide 5: Our products & services
Our products & services One Archer 5 ©Archer ‘24
Slide 6: Platform Operations: ~50% market share in the North Sea
A Platform C erations Platform Operations: ~50% market share in the North Sea Platform Operations is production and late life operation Diverse service offering Y North Sea and Brazil focused operation based on long-term contracts with operators Y Primarily exposed to production, late life and decom
Slide 7: Well services: Strong organic growth combined with synergetic acquisitions
A well Ser Well services: Strong organic growth combined with synergetic acquisitions High-end well intervention services and technology Strong EBITDA growth v High-end solutions ensuring well performance to clients Y globally yy v Leading offering within well P&A services Ml EBITDA v Strong EBITDA
Slide 8: Strong market outlook for Archer's P&A service the next 30 years
A Well Services — Strong market outlook for Archer’s P&A service the next 30 years Global offshore decommissioning market outlook (incl. P&A) v Global offshore decom. spending set to double to 2050 ee E&P abandonment costs 2001-2050, $bn 55 52 45 39 36 30 20 16 200 200 2011- 2016 2021 202 2031 203 2
Slide 9: ~$40B in North Sea decom before 2040
archer 24 -$40B in North Sea decom before 2040! Gm) HB Denmark 6.000 Nor ner Fulmar Decom spend by individual operator/client until 2040 4.000 1500 1000 Source: Rystad Energy North Sea P&A market supports long term growth Decom activity in the North Sea will be a strong foundation for Archer’s activ
Slide 10: Focus on improved production - while in transition
A <Y) share of Archer revenues Focus on improved production - while in transition \ Renewables Archer Development drilling - Increase lifetime and output of Ensure wells are closed and Leverage competence and role: ensure wells are drilled ina existing well from drilling and abandoned ina safe and e
Slide 11: Land Drilling: Growing and cash positive with significant asset value
Land Drilling — Land Drilling: Growing and cash positive with significant asset value Leading land drilling provider in Vaca Muerta Financial profile Y Leading provider of land drilling and workover I EBITDA services in Argentina 39 Y Self sufficient and cash positive business 15-20%) Y Six high-spe
Slide 12: Rig demand set to grow from accelerated investments in Vaca Muerta
A Land Drilling — Rig demand set to grow from accelerated investments in Vaca Muerta Significant infrastructure investments in ARG Y New legislation incentivizing project investments above USD 200m ¥ Several ongoing large investments in transport/export capacity expansion Y Significant FLNG projects
Slide 13: Renewable Services: Broad offering and profitable operations
A Ren Renewable Services: Broad offering and profitable operations vable VIC Renewable Services offering Key figures ¥ Exposed to key renewable segments: geothermal 2024E pro-forma* energy, carbon storage, wind, and hydropower v Underlying growth in all markets expected Revenue of USD million Y Focu
Slide 14: Key take aways
A Key take aways Positioned for continued growth, both organically and through M&A initiatives Significant growth potential in the Plug & Abandonment market Argentina policies and investment driving increased drilling activity Profitable and cash positive renewable service portfolio \ Deleveraging t