Nabors Industries Ltd. · NYSE:NBR
Nabors Industries — Q3 2015 Earnings Presentation
14 slides from Nabors Industries's earnings presentation, Oct 28, 2015
Slide 1: Forward-Looking Statements
Forward-Looking Statements We often discuss expectations regarding our markets, demand for our products and services, and our future performance in our annual and quarterly reports, press releases, and other written and oral statements. Such statements, including statements in this document incorpor
Slide 2: Recent Highlights
Recent Highlights 1111, NABORS 3
Slide 3: Financial Summary
Financial Summary ($000 except EPS) 3Q14 4Q14 1Q15 2Q15 3Q15 Operating Revenues $1,813,762 $1,783,836 $1,414,707 $863,305 $847,553 Adjusted EBITDA 489,958 445,692 374,466 288,177 247,631 Adjusted Income 203,377 152,120 93,447 69,981 7,524 GAAP Diluted EPS(1) 0.34(2) (3.06)(3) 0.43(4) (0.14)(5) (0.86
Slide 4: Current Debt and Liquidity
Current Debt and Liquidity Liquidity(4) (at September 30, 2015) • Cash & Available Capacity: $2,481 Investment in Affiliate (at September 30, 2015) • C&J Energy Services shares: $ 220 (1) (2) (3) (4) Capitalization defined as Net Debt plus Shareholders’ Equity Coverage defined as TTM Adjusted EBITDA
Slide 5: Drilling & Rig Services
Drilling & Rig Services 1111, NABORS 6
Slide 6: 3Q15 Rig Utilization & Availability
3Q15 Rig Utilization & Availability 3Q15 Rig Average Rig Fleet(1) Years Utilization U.S. Lower 48 AC Legacy U.S. Lower 48 Total U.S. Offshore Alaska 172 85 257 17 19 79 10 89 7 7 46% 12% 35% 41% 37% 63 17 27% Canada International 180 121 67% Subtotal PACE®-X Construction(2) Intl. Newbuilds & Upgrade
Slide 7: 3Q15 U.S. Rig Utilization Power Type and Pad Capability
3Q15 U.S. Rig Utilization Power Type and Pad Capability % As of 9/30/15 8 Walking Skidding Pad Capable Not Pad Capable Total Rigs Total AC Legacy Grand Total Working Total 64 120 17 Util. 53% 14% Working Total 4 18 5 13 Util. 22% 38% Total 49% 30% WorkingTotal 6 34 5 65 Util. 18% 8% 172 85 Util. 43%
Slide 8: PACE-X Rig Deployments & Rig Years
PACE®-X Rig Deployments & Rig Years 50 ---------------------------------------------------------------------45 +-----------------------------------------------------------------40 +-----------------------------------------------------------35 +-----------------------------------------------------30
Slide 9: 3Q15 International Working Rigs
3Q15 International Working Rigs As of 9/30/15 10 Total 119 PNG1 Russia5 Saudi44 Venezuela5 Kurdistan2 Kuwait2 Malaysia1 Mexico5 Oman4 Ecuador3 India3 Iraq1 Italy1 Kazakhstan2 Algeria10 Angola0 Argentina20 Colombia9 Congo1
Slide 10: Outlook and Summary
Outlook and Summary 1111, NABORS 11
Slide 11: Strategic Focus
Strategic Focus Capitalize on the existing asset base > Differentiate the rig and service offerings > Enhance operational excellence > Improve financial flexibility > 12
Slide 12: Strategic Focus
Strategic Focus > Capitalize on the existing asset base > Differentiate the rig and service offerings > Enhance operational excellence > Improve financial flexibility @) NABORS
Slide 13: Rig Margins & Activity
Rig Margins & Activity (1) Margin = gross margin per rig per day for the period. Gross margin is computed by subtracting direct costs from operating revenues for the period. 14 Drilling 4Q14 1Q15 2Q15 3Q15 Margin (1) Rig Yrs Margin (1) Rig Yrs Margin (1) Rig Yrs Margin (1) Rig Yrs U.S. Drilling$11,5
Slide 14: Rig Margins & Activity
Rig Margins & Ac 4a14 1Q15 2015 3Q15 Margin Rig Yrs | Margin Rig Yrs | Margin Rig Yrs U.S. Drilling $11,525 212.2 $13,487 167.6 $13,739 119.5 | $11,177 103.0 Drilling Margin Rig Yrs Canada 9,889 36.9 9,927 25.6 7,771 97 6,349 17.2 International 17,803 121.2 18,865, 130.1 17,263 127.1 18,613 121.3 (1