Nov Inc. · NYSE:NOV

Nov — Q2 2019 Earnings Presentation

15 slides from Nov's earnings presentation, 2019

  1. Slide 1: 2Q 19 Earnings

    ©2019 NOV | Proprietary and confidential. 2Q 19 Earnings | 1

  2. Slide 2: Non-GAAP reconciliation note

    For reconciliation of all non U.S. GAAP numbers to U.S. GAAP numbers, see tables on pages 13 and 14 ©2019 NOV | Proprietary and confidential. 2Q 19 Earnings | 2

  3. Slide 3: International and Land revenue mix

    59% INTERNATIONAL 61% LAND “International” refers to regions outside of the United States and Canada ©2019 NOV | Proprietary and confidential. 2Q 19 Earnings | 3

  4. Slide 4: Second quarter 2019 consolidated results

    2Q19 1Q19 Quarterly Variance Prior Year Variance Revenue 850 807 5% 7% Adjusted EBITDA 134 117 15% 1% Adjusted EBITDA % 15.8% 14.5% +130 bps -100 bps ©2019 NOV | Proprietary and confidential. 2Q 19 Earnings | 4

  5. Slide 5: ©2019 NOV | Proprietary and confidential. 2Q 19 Earnings |

    ©2019 NOV | Proprietary and confidential. 2Q 19 Earnings | 5

  6. Slide 6: Wellbore Technologies results

    2Q19 1Q19 Quarterly Variance Prior Year Variance Revenue 663 581 14% (10%) Adjusted EBITDA 52 28 86% (45%) Adjusted EBITDA % 7.8% 4.8% +300 bps -490 bps Starting Backlog 1,041 894 16% 20% Revenue out of Backlog 379 316 20% (9%) Orders 548 470 17% 38% Ending Backlog 1,215 1,041 17% 27% ©2019 NOV | Pr

  7. Slide 7: ©2019 NOV | Proprietary and confidential. 2Q 19 Earnings |

    ©2019 NOV | Proprietary and confidential. 2Q 19 Earnings | 7

  8. Slide 8: Rig Technologies results

    2Q19 1Q19 Quarterly Variance Prior Year Variance Revenue 671 603 11% 3% Adjusted EBITDA 74 56 32% (12%) Adjusted EBITDA % 11.0% 9.3% +170 bps -190 bps Starting Backlog 3,142 3,117 1% 54% Revenue out of Backlog 284 246 15% 3% Orders 310 271 14% (85%)1 Ending Backlog 3,168 3,142 1% (10%) 1 Orders year

  9. Slide 9: ©2019 NOV | Proprietary and confidential. 2Q 19 Earnings |

    ©2019 NOV | Proprietary and confidential. 2Q 19 Earnings | 9

  10. Slide 10: Order highlights

    Jacking system order for largest wind turbine installation vessel The 96 BLM-D130 jacking units will be installed on a wind turbine installation vessel for Belgian offshore construction company, Jan de Null. The vessel’s lifting capacity of 48,000 tons makes it the first installation unit suitable f

  11. Slide 11: Full time equivalent workers and market capitalization

    1 Full Time Equivalent workers 2 Market Capitalization recorded as of July 30, 2019. ©2019 NOV | Proprietary and confidential. 2Q 19 Earnings | 11

  12. Slide 12: Appendix

    Appendix

  13. Slide 13: Operating profit and depreciation & amortization by segment

    Three Months Ended Six Months Ended June 30, March 31, June 30, 2019 2018 2019 2019 2018 Operating profit (loss): Wellbore Technologies $ (3,295) $ 38 $ 19 $ (3,276) $ 50 Completion & Production Solutions (1,932) 40 (35) (1,967) 56 Rig Technologies (422) 62 31 (391) 80 Eliminations and corporate cos

  14. Slide 14: Adjusted EBITDA reconciliation

    Three Months Ended Six Months Ended June 30, March 31, June 30, 2019 2018 2019 2019 2018 Adjusted EBITDA: Operating profit (loss): Wellbore Technologies $ 134 $ 133 $ 117 $ 251 $ 236 Wellbore Technologies $ (3,295) $ 38 $ 19 $ (3,276) $ 50 Completion & Production Solutions 52 94 28 80 167 Completion

  15. Slide 15: Connect with us

    connect with us @nationaloilwellvarco National Oilwell Varco @nationaloilwellvarco @novglobal National Oilwell Varco ©2019 NOV | Proprietary and confidential. 2Q 19 Earnings | 15

NOV — Q2 2019 Earnings Presentation on 6ix