Nabors Industries Ltd. · NYSE:NBR
Nabors Industries — Q1 2020 Earnings Presentation
13 slides from Nabors Industries's earnings presentation, May 6, 2020
Slide 1: Nabors Industries Presentation
2 - pence: — il J "™ @nasors © A i NABORS INDUSTRIES Presentation Wednesday, May 6” 2020
Slide 2: Forward-Looking Statements
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Slide 3: Recent Company Highlights
@ NABORS Recent Company Highlights } Proactive multifaceted response globally safeguarding employee health, business continuity and financial sustainability D>) Amended the 2018 RCF and extended nearly $1 billion of debt maturities €® Repurchased ~ $135 million of debt in the open market >>) Interna
Slide 4: 1Q Rig Utilization and Availability
@ NABORS 1Q Rig Utilization and Availability 1020 Average Average o Rig Fleet Rigs Working Utilization U.S. Lower 48 High Spec 87 24% ___Legacy 2 1% USS. Lower 48 89 47% U.S. Offshore 33% Alaska 19% Canada 49% International 59% Total Fleet 50% (1) of March 31,2020 Note: Subtotals may not foot due to
Slide 5: Lower 48 Rig Utilization by Type on 3/31/2020
@) NABORS Lower 48 Rig Utilization by Type on 3/31/2020 Rig Type Total Rigs Activel!) Total % High Spec 78 110 71% Legacy 2 80 3% Total 80 190 42% (1) Count as of March 31, 2020
Slide 6: Focus on Mission Zero — Driving Safety Performance
@ NABORS Focus on Mission Zero — Driving Safety Performance Lower 48 solidly outperforming the industry-average reported TRIR
Slide 7: Successfully Improving Customer Mix
@ NABoRS Successfully Improving Customer Mix % of Lower 48 Revenue Market Peak - 2014 1Q 2020 Growing position with the top customers in the Lower 48 11% Tier 1 @Tier 2
Slide 8: Continuing to Build Market Share with the Supermajors
@ NABORS Continuing to Build Market Share with the Supermajors 1Q 2020 The leader in the Supermajors market, Nabors gained 12% compared to market peak in 54 Active AC 1500 Rigs with 109 Active AC 1500 Rigs 2014 Supermajors with Supermajors Enverus I gave Nabors a 9 for thek quality, forward. ipa sae
Slide 9: Powering Rigs with Alternative/Dual Fuel
@ NABORS Powering Rigs with Alternative/Dual Fuel Nabors has long history of deploying rigs powered by alternative power sources Deployed first unit in 1985 on North Slope + Highline capable + Gas capable w/turbine Today's active North Slope fleet is highline-capable Highline power Natural gas Lower
Slide 10: Tubular Running Services: Reinventing workflows, while delivering superior returns
Tubular Running Services [_ Reinventing worktiows, while delivering superior returns Integrated and efficient delivery built on Nabors SmartRig® platform enabling: ‘Superior service quality & safety Unmatched connection integrity Repeatable and consistent performance Reduced rg-upltig-down times, an
Slide 11: Drilling Automation
Drilling Automation ROCKit® aye REVit® Navigator™ ROCKit® Pilot @ NABORS Industry leading digital products supported by scalable workflows Intute draconal stesrng ‘Son atom tat ieroasoe bevlermance of sie aig, through ail sting osctaten tnd proce toolace cont ‘Automate realtime stk sip biteuting sut
Slide 12: Future of Wellbore Placement
Future of Wellbore Placement @ NaBoRS 6 RIGS MANAGED PER POD fete febeze fe fee felete ~ ea [be fe fe fele fete b> > p> Be ete rete pete mating wih colaborate wontons
Slide 13: Debt Maturity Profile as of March 31, 2020
Debt Maturity Profile as of March 31, 2020 Debt @ 03/31/2020 Total Debt: Cash & Cash Equivalents Te ch & h Equiv. $2.908n2 500 2022 © 20232024 875 4g @) Debian As of May 1, 2020 outstanding balances maturing in 2020 & 2021 are $139 million & $177 million, respectively 2025 2026 «=«-2027 ~=—2028 @ NA