Slb Limited · NYSE:SLB
Slb — Schlumberger — Merger or Acquisition (April 2024)
9 slides from Slb's merger presentation, Apr 2, 2024
Slide 1: SLB to Acquire ChampionX in an All-Stock Transaction
April 2, 2024 SLB to Acquire ChampionX in an All-Stock Transaction Exhibit 99.2
Slide 2: Disclaimer: Forward-Looking Statements
Disclaimer Forward-Looking Statements This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. Such forward-lookin
Slide 3: Disclaimer: Additional Information about the Transaction and Where to Find It
Disclaimer Additional Information about the Transaction and Where to Find It In connection with the proposed transaction, SLB intends to file with the Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 (the “Form S-4”) that will include a proxy statement of ChampionX
Slide 4: Announcement Highlights
Announcement Highlights 1 2 3 Acquisition strengthens SLB as a leader in production space, with world-class production chemicals and artificial lift technologies Combined portfolios will drive customer value through deep industry expertise and digital integration, as well as enhanced equipment life
Slide 5: Production market is important to SLB's core growth strategy
As assets age, chemical intensity and usage will accelerate and additional lift solutions will be required throughout the life of the well Digital leadership, domain expertise and integration capabilities can increase production and longevity of assets, structurally lowering cost and carbon Producti
Slide 6: A production chemistry industry leader with associated manufacturing capabilities
A production chemistry industry leader with associated manufacturing capabilities Comprehensive artificial lift, drill bit cutters, and emissions monitoring offerings Strong North America presence that is complimentary to the existing SLB business Broad digital offering with a large installed base o
Slide 7: Strengthening the Core
CHX SLB Strengthening the Core Acquisition strengthens SLB as a leader in production space, with world-class production chemicals and artificial lift technologies Creating efficiencies through integration Life of field solutions create value at scale by addressing challenges in subsurface, wellbore,
Slide 8: Stock-for-stock transaction
Stock-for-stock transaction ChampionX shareholders will receive 0.735 shares of SLB in exchange for each share of ChampionX The agreement places a value of $40.59 per ChampionX share, which represents a 14.7% premium based on the closing prices of April 1, 2024 ChampionX shareholders will own approx
Slide 9: Creating value for shareholders
Creating value for shareholders Accretive to free cash flow per share in 2025 and to earnings per share in 2026 Adding margin-accretive businesses to the production portfolio Increasing total returns of capital to shareholders to a target of $3B in 2024; setting target for returns to shareholders of