Archer Limited (ARHVF) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to the Archer second quarter 2024 earnings release call. My name is Elliot and I'll be coordinating your call today. If you would like to register a question during today's events, please press star followed by one on your telephone keypad. And I'd like to hand over to Doug Skindlow, CEO. Please go ahead. Thank you, Elliot. Good morning, ladies and gentlemen, and thank you for joining this conference call for the second quarter 2024. Archer's Chief Financial Officer Espen Johanger is joining me on the call today. In today's call, I will touch upon the key highlights in the second quarter, outlook and recent acquisitions, while Espen will summarize Archer's operations for the second quarter and walk us through the financial section and the guidance. Towards the end of the call, we will open the line for questions. Moving to slide two. I would like to note that the information provided in today's call includes forward-looking statements as well as non-GAAP financial measures. Forward-looking statements do not guarantee future performance and involve risks and uncertainties. Further information about these risks and uncertainties are set forth in the most recent annual report for 2023. Next slide, please. Just to remind everyone, of the core of Archer, the well company. What we do is to drill wells and provide technology and services to ensure that the well is performing. We are a global company with operations in some 40 countries. Another key aspect of Archer is our growth track record, as illustrated in the graph on the right. Archer has, over the last few years, delivered significant growth in financial performance. And last year, we grew a bit there by 36%. In 2024, we continue to guide for further 15 to 20% growth. If we added ISIN drilling on a ...