Nabors Industries Ltd. (NYSE:NBR) Q4 2022 Earnings Conference Call February 8, 2023 2:00 PM ET Company Participants William Conroy - VP, IR and Corporate Development Tony Petrello - Chairman, President and CEO William Restrepo - CFO Subodh Saxena - SVP, Nabors Drilling Solutions Conference Call Participants Derek Podhaizer - Barclays Kurt Hallead - Benchmark Keith MacKey - RBC Capital Markets Waqar Syed - ATB Capital Markets Operator Good afternoon, and welcome to the Nabors Industries' Fourth Quarter 2022 ...

. ALASKA INTERNATIONAL N A B O R S . C O M 3 We expect 1Q'23 Drilling adjusted gross margin of $16,100 to $16,300 per day Five Keys to Excellence N A B O R S . C O M 2021 2022 Advancing technology & innovation with demonstrated results 1 2 3 4 5 35% U.S. RigCLOUD® Services Installs Full-stand automated drilling activity sequencer, executes driller best practices, and reduces unplanned trips 4Q 2022 Earnings Presentation . Forward Looking Statements • actual and potential political or economic instability, c ...

Financial Performance - Operating revenues for the three months ended September 30, 2022, totaled $694.1 million, representing an increase of $170.0 million, or 32%, compared to the same period in 2021[118]. - Net loss from continuing operations attributable to Nabors common shareholders was $13.8 million ($1.80 per diluted share) for the three months ended September 30, 2022, a decrease of $108.7 million from a net loss of $122.5 million ($15.79 per diluted share) in the same period of 2021[119]. - Operating revenues for the nine months ended September 30, 2022 totaled $1.9 billion, an increase of $419.6 million, or 28%, compared to the same period in 2021[134]. - Net loss from continuing operations attributable to common shareholders decreased by $178.1 million to $281.2 million ($32.72 per diluted share) for the nine months ended September 30, 2022, compared to a net loss of $459.3 million ($62.26 per diluted share) in the prior year[135]. - The company reported a net loss attributable to common shareholders of $223.4 million for the nine months ended September 30, 2022, compared to a loss of $444.9 million in the same period of 2021[180]. Revenue Segments - U.S. Drilling segment operating revenues increased by $123.7 million, or 71%, to $297.2 million for the three months ended September 30, 2022, driven by a 37% increase in average rigs working[125]. - International Drilling segment operating revenues increased by $36.3 million, or 13%, due to an 11% increase in average rigs working[127]. - Drilling Solutions segment operating revenues increased by $16.1 million, or 35%, reflecting improved market conditions and increased drilling activity[128]. - Rig Technologies segment operating revenues increased by $8.4 million, or 20%, due to improved demand for services[129]. - U.S. Drilling segment operating revenues increased by $290.4 million, or 61%, to $767.8 million, driven by a 41% increase in average rigs working[142]. - International Drilling segment operating revenues increased by $109.6 million, or 14%, totaling $881.7 million, supported by a 10% increase in average rigs working[144]. - Drilling Solutions segment operating revenues increased by $51.3 million, or 43%, reflecting improved market conditions and increased demand[145]. - Rig Technologies segment operating revenues increased by $30.0 million, or 29%, due to improved market conditions[146]. Expenses - General and administrative expenses increased by $4.7 million, or 9%, to $57.6 million for the three months ended September 30, 2022, reflecting higher workforce and operating costs[120]. - General and administrative expenses increased by $10.3 million, or 6%, totaling $169.4 million for the nine months ended September 30, 2022, reflecting higher workforce and operating costs[136]. - Research and engineering expenses rose by $3.9 million, or 41%, to $13.4 million for the three months ended September 30, 2022, due to increased R&D activities and engineering support costs[121]. - Research and engineering expenses rose by $11.1 million, or 45%, totaling $36.0 million for the nine months ended September 30, 2022, due to increased R&D activities[138]. Cash Flow and Investments - Net cash provided by operating activities for the nine months ended September 30, 2022, was $301.1 million, a decrease of 7.7% compared to $326.5 million in the same period of 2021[169]. - Cash from operating results (before working capital changes) increased to $295.5 million for the nine months ended September 30, 2022, up from $174.1 million in the corresponding 2021 period, reflecting increased business activity[169]. - Net cash used for investing activities was $267.0 million during the nine months ended September 30, 2022, compared to $65.1 million in the same period of 2021[170]. - The company invested $19.0 million in energy transition-related technologies during the nine months ended September 30, 2022[171]. Debt and Liabilities - Interest expense for the three months ended September 30, 2022, was $43.8 million, an increase of $1.6 million, or 4%, primarily due to the issuance of $700 million in senior notes[130]. - Interest expense for the nine months ended September 30, 2022 was $133.7 million, an increase of $6.7 million, or 5%, primarily due to the issuance of $700 million in senior notes[147]. - As of September 30, 2022, the company had cash and short-term investments of $425.1 million and working capital of $406.7 million, down from $991.5 million and $1.0 billion, respectively, at the end of 2021[151]. - As of September 30, 2022, the company had outstanding purchase commitments totaling approximately $272.5 million, primarily for capital expenditures and inventory purchases[163]. - The company repaid $460.0 million in net amounts under its revolving credit facility during the nine months ended September 30, 2022[173]. - Current liabilities decreased to $63.0 million as of September 30, 2022, from $75.1 million at the end of 2021[180]. Assets - Total assets decreased to $6.26 billion as of September 30, 2022, from $7.04 billion at the end of 2021[180]. - The company has a share repurchase program authorized for up to $400.0 million, with $278.9 million remaining as of September 30, 2022[166].

Nabors Industries Ltd. (NYSE:NBR) Q3 2022 Earnings Conference Call October 26, 2022 2:00 PM ET Company Participants William Conroy ??? Vice President of Investor Relations and Corporate Development Tony Petrello ??? Chairman, President and Chief Executive Officer William Restrepo ??? Chief Financial Officer Travis Purvis ??? Senior Vice President, Global Drilling Operations Conference Call Participants Karl Blunden ??? Goldman Sachs Dan Kutz ??? Morgan Stanley Derek Podhaizer ??? Barclays Arun Jayaram ??? J ...

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| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------|----------------------------------------------|-------------------------------------------|-------|-------|-------|--------------------------------------|----------|-------|-------| | | | | | | | | | | | | | | | | | | | 9.7.2022 | | | | NYSE: NBR | | | | | | | | | | | | Nabors Industries Barclays CEO Energy-Power | William Restrepo Chief Financial Officer | | | | Subodh Saxena Senior Vice President, | | | | | | Conference | | | | | N ...

Nabors Industries Ltd. (NYSE:NBR) Q2 2022 Earnings Conference Call August 4, 2022 1:00 PM ET Company Participants William Conroy - VP, Corporate Development & IR Anthony Petrello - Chairman, President and CEO William Restrepo - CFO Conference Call Participants Derek Podhaizer - Barclays Karl Blunden - Goldman Sachs John Daniel - Daniel Energy Partners David Smith - Pickering Energy Partners Keith Mackey - RBC Capital Markets Arun Jayaram - JPMorgan Operator Good afternoon, and welcome to the Nabors Industri ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-32657 NABORS INDUSTRIES LTD. (Exact name of registrant as specified in its charter) Bermuda 98-0363970 (State or other jurisdiction of incorporation or organi ...

《》 NABORS 2Q 2022 Earnings Presentation NABORS INDUSTRIES LTD. August 4, 2022 Forward Looking Statements We often discuss expectations regarding our future markets, demand for our products and services, and our performance in our annual, quarterly, and current reports, press releases, and other written and oral statements. Such statements, including statements in this document that relate to matters that are not historical facts, are "forward-looking statements" within the meaning of the safe harbor provisi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-32657 NABORS INDUSTRIES LTD. (Exact name of registrant as specified in its charter) Bermuda 98-0363970 (State or other jurisdiction of incorporation or organ ...