y INVESTOR PRESENTATION Q1'24 WEATHERFORD INTERNATIONAL PLC 2 Weatherford International Plc. DISCLAIMER This presentation contains projections and forward-looking statements concerning, among other things, the Company's quarterly and full-year revenues, adjusted EBITDA*, adjusted EBITDA margin*, adjusted free cash flow*, net leverage*, forecasts or expectations regarding business outlook, prospects for its operations, capital expenditures, expectations regarding future financial results, and are also genera ...

Weatherford International plc (NASDAQ:WFRD) Q1 2024 Earnings Conference Call April 24, 2024 8:30 AM ET Company Participants Mohammed Topiwala - Vice President, Investor Relations and M&A Girish Saligram - President and Chief Executive Officer Arun Mitra - Executive Vice President and Chief Financial Officer Conference Call Participants Luke Lemoine - Piper Sandler James West - Evercore ISI Jim Rollyson - Raymond James Doug Becker - Capital One David Anderson - Barclays Ati Modak - Goldman Sachs Kurt Hallead ...

Financial Performance - First quarter 2024 revenue was $1,358 million, a 15% increase year-over-year, driven by international growth of 21%[2] - Operating income for the first quarter was $233 million, reflecting a 26% year-over-year increase[2] - Net income reached $112 million, with an 8.2% margin, marking a 56% increase year-over-year[2] - Adjusted EBITDA for the first quarter was $336 million, a 24.7% margin, up 25% year-over-year and the highest in over 15 years[2] - Total revenues for Q1 2024 were $1,358 million, a slight decrease from $1,362 million in Q4 2023 but an increase from $1,186 million in Q1 2023[35] - Net income for Q1 2024 was $123 million, down from $147 million in Q4 2023 but up from $81 million in Q1 2023[35] - Basic income per share for Q1 2024 was $1.54, compared to $1.94 in Q4 2023 and $1.00 in Q1 2023[35] - Adjusted EBITDA for Q1 2024 was $336 million, compared to $321 million in Q4 2023 and $269 million in Q1 2023, resulting in an adjusted EBITDA margin of 24.7%[50] - Operating income for Q1 2024 was $233 million, an increase from $216 million in Q4 2023 and $185 million in Q1 2023[50] Revenue Breakdown - International revenue for the first quarter was $1,091 million, a 21% increase year-over-year[23] - Middle East/North Africa/Asia revenue increased by $121 million, or 32% year-over-year, primarily due to increased integrated services and projects[24] - North America revenue decreased by 7% year-over-year to $267 million, primarily due to a slowdown in overall activity[22] Cash Flow and Debt Management - Cash provided by operating activities was $131 million, an increase of $47 million year-over-year[13] - Cash flows from operating activities in Q1 2024 were $131 million, significantly lower than $375 million in Q4 2023 but higher than $84 million in Q1 2023[40] - Total debt decreased to $1,730 million in Q1 2024 from $1,883 million in Q4 2023, while cash and cash equivalents were $824 million[53] - The company reduced debt by $1 billion in less than three years, achieving a net leverage of 0.6x, the lowest in over 15 years[7] - Net leverage ratio improved to 0.6x in Q1 2024 from 0.7x in Q4 2023, down from 1.3x in Q1 2023, indicating better debt management[53] - Adjusted free cash flow for Q1 2024 was $82 million, significantly lower than $315 million in Q4 2023 but up from $27 million in Q1 2023[50] Equity and Capital Expenditures - Total shareholders' equity increased to $1,100 million as of March 31, 2024, up from $922 million at the end of 2023[37] - Capital expenditures for property, plant, and equipment were $59 million in Q1 2024, down from $67 million in Q4 2023[50] Future Outlook and Strategic Initiatives - Full year adjusted EBITDA margin guidance was raised to 25% for 2024, up from previous expectations[8] - The company plans to continue investing in technology and digitalization to enhance operational efficiency and sustainability[31] - The company will host a conference call on April 24, 2024, to discuss its Q1 2024 results and future outlook[27] Workforce and Operations - Weatherford operates in approximately 75 countries with a workforce of about 18,800 employees[26]

INVESTOR PRESENTATION WEATHERFORD INTERNATIONAL PLC Q3 | 2023 2 Q3'23 EARNINGS PRESENTATION DISCLAIMER This news release contains projections and forward-looking statements concerning, among other things, the Company's quarterly and full-year revenues, adjusted EBITDA*, adjusted free cash flow*, forecasts or expectations regarding business outlook, prospects for its operations, capital expenditures, expectations regarding future financial results, and are also generally identified by the words "believe," "p ...

Financial Data and Key Metrics Changes - Weatherford reported a revenue growth of 19% for the full year 2023, with total revenues reaching $5.14 billion and net income of $417 million, reflecting a significant improvement of over 1500% year-over-year [34][7] - Adjusted EBITDA for the year was approximately $1.2 billion, with an adjusted EBITDA margin of 23.1%, an increase of 423 basis points [34][7] - In Q4 2023, revenue was $1.36 billion, a 4% sequential increase and a 13% year-over-year increase, with adjusted EBITDA of $321 million, up 5% sequentially and 21% year-over-year [34][36] Business Line Data and Key Metrics Changes - Drilling and Evaluation (DRE) segment revenues were $382 million in Q4, a decrease of 2% sequentially but a 16% increase for the full year [38] - Well Construction and Completion (WCC) segment revenues increased by 5% sequentially to $480 million, driven by higher activity in the Middle East, North Africa, and Asia [40] - Production and Intervention (PRI) segment revenues were $386 million, up 4% sequentially, primarily due to higher activity in digital solutions and international artificial lift [41] Market Data and Key Metrics Changes - International operations saw a 26% growth, while North America experienced margin growth despite a revenue decline in a weaker market [8][7] - Latin America was the highest growth region in 2023, with expectations for continued growth in the mid to high single-digit range in 2024 [16] - The Middle East is expected to lead growth in 2024, with high-teens growth anticipated, while Russia is expected to decline due to operational complexities [18][17] Company Strategy and Development Direction - The company aims for continued revenue growth and margin expansion, targeting 25% EBITDA margins by 2025 [21][22] - Weatherford is focusing on inorganic growth through selective acquisitions, having recently acquired two technology companies in the wireline space and a leader in well-decommissioning technology [24][23] - The strategic priorities for 2024 include organizational vitality, customer experience, lean operations, and financial performance [28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued activity growth driven by international customer investment, despite recent market volatility [11] - The company anticipates a long-term upcycle in the energy sector, supported by significant investments in large projects [12][13] - Management highlighted the importance of geopolitical risks over broader macroeconomic themes as the primary concern for activity growth [18] Other Important Information - Weatherford's gross debt was reduced to $1.7 billion, with a net leverage ratio of 0.7x, marking the lowest level in over 15 years [31][47] - The company received credit rating upgrades from S&P and Moody's, reflecting improvements in operating performance and balance sheet [49] - CapEx for 2023 was $209 million, or 4.1% of revenue, with expectations for CapEx to remain around 5% of revenue in 2024 [46][52] Q&A Session Summary Question: Can you provide updates on projects in Saudi Arabia? - Management confirmed involvement in various projects, emphasizing a strong position in onshore services and integrated projects [56][57] Question: What are the strategic priorities moving forward? - Management indicated a shift towards a more offensive strategy, focusing on capital allocation, shareholder returns, and selective M&A opportunities [66][70] Question: How do you see margin expansion progressing in 2024? - Management expects gradual margin improvements throughout the year, with a target of exiting 2024 at around 25% EBITDA margins [86][88] Question: What is the outlook for offshore growth? - Management highlighted significant growth opportunities in offshore markets, particularly in intervention services and decommissioning [99][100] Question: How will acquisitions impact revenue growth? - Management clarified that while acquisitions contribute to growth, the overall revenue increase is primarily driven by existing operations and market opportunities [93][94]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________________________to __________________________________ Commission file number 001-36504 Weatherford International plc (Exact name of registrant as specified in ...

Weatherford International plc (NASDAQ:WFRD) Q3 2023 Earnings Call Transcript October 25, 2023 10:00 AM ET Company Participants Girish Saligram - President, Chief Executive Officer Arun Mitra - Executive Vice President, Chief Financial Officer Mohammed Topiwala - Director, Investor Relations, M&A Conference Call Participants Luke Lemoine - Piper Sandler Ati Modak - Goldman Sachs Doug Becker - Capital One Jim Rollyson - Raymond James Kurt Hallead - Benchmark Operator Ladies and gentlemen, thank you for standi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 (Mark One) Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________________________to __________________________________ Commission file number 001-36504 Weatherford International plc (Exact Name of Regi ...

INVESTOR PRESENTATION WEATHERFORD INTERNATIONAL PLC Q2 | 2023 2 Q2'23 EARNINGS PRESENTATION DISCLAIMER This presentation contains projections and forward-looking statements concerning, among other things, the Company's quarterly revenues, operating income and losses, adjusted EBITDA*, adjusted free cash flow*, forecasts or expectations regarding business outlook, prospects for its operations, capital expenditures, expectations regarding future financial results, and are also generally identified by the word ...

Weatherford International plc (NASDAQ:WFRD) Q2 2023 Earnings Conference Call July 26, 2023 9:00 AM ET Company Participants Mohammed Topiwala - Vice President, Investor Relations Girish Saligram - President and Chief Executive Officer Arun Mitra - Executive Vice President and Chief Financial Officer Conference Call Participants Luke Lemoine - Piper Sandler Doug Becker - Capital One Ati Modak - Goldman Sachs Kurt Hallead - Benchmark Connor Jensen - Raymond James Operator Ladies and gentlemen, thank you for st ...