Financial Data and Key Metrics Changes - Third quarter 2022 revenue was $1.12 billion, up 5% sequentially and 19% year-over-year, driven by higher drilling and evaluation activity [7][24] - Operating income was $121 million, compared to $104 million in Q2 2022 and $71 million in Q3 2021 [24] - Net income was $28 million, compared to $6 million in Q2 2022 and a net loss of $95 million in Q3 2021 [25] - Adjusted EBITDA was $214 million, an increase of 15% sequentially and 20% year-over-year, with adjusted EBITDA margins at 19.1%, up over 160 basis points sequentially [25][31] Business Line Data and Key Metrics Changes - Drilling and Evaluation (DRE) revenues were $348 million, up 10% sequentially, with segment adjusted EBITDA of $85 million, an increase of 23% sequentially [26][27] - Well Construction and Completion (WCC) revenues were $391 million, up 2% sequentially, with segment adjusted EBITDA of $78 million, an increase of 16% sequentially [28] - Product and Intervention (PRI) revenues were $357 million, up 3% sequentially, but segment adjusted EBITDA decreased by 3% to $66 million due to a change in product mix [29] Market Data and Key Metrics Changes - North America business grew 11%, while international growth was 3% [7] - The company expects moderate growth in 2023, with strong fundamentals in the Middle East and Latin America [20][41] Company Strategy and Development Direction - The company is focused on margin expansion, free cash flow generation, and operational improvements, with a goal of achieving high-teens EBITDA margins [8][40] - A new business model has been developed to leverage technology differentiation and improve customer outcomes [17][38] - The company is committed to addressing structural issues and improving capital allocation decisions [57][69] Management's Comments on Operating Environment and Future Outlook - Management acknowledges inflationary pressures and supply chain bottlenecks but remains confident in the ability to deliver margin expansion and growth [8][19] - The outlook for 2023 includes expectations of double-digit revenue growth and continued margin expansion [41][42] Other Important Information - The company generated $133 million in free cash flow in Q3 2022, bringing year-to-date free cash flow to $128 million [10][31] - A new credit facility was established, allowing for improved liquidity and flexibility in capital allocation [32][33] Q&A Session Summary Question: How much of the recent awards are incremental versus extensions? - Management indicated that the recent awards are a mix of both, with many being extensions but with increased share and margins due to better costs and pricing [45][46] Question: How do supply chain issues affect growth next year? - Management stated that they do not foresee supply chain issues constraining growth, emphasizing a targeted approach to capital allocation [60][62] Question: What are the capital allocation priorities moving forward? - Management highlighted a focus on operational flexibility, optimizing working capital, and potential returns to shareholders in the future [56][57] Question: Any updates on operations in Russia? - Management confirmed that there are no changes in operations in Russia, maintaining the previously stated position [70] Question: Will OPEC production cuts impact long-term decisions? - Management believes that OPEC decisions will not significantly impact long-term investment plans, citing ongoing investment in the Middle East [71]

INVESTOR PRESENTATION WEATHERFORD INTERNATIONAL PLC Q3 | 2022 2 Q3'22 EARNINGS PRESENTATION DISCLAIMER This presentation contains projections and forward-looking statements concerning, among other things, the Company's quarterly and full-year revenues, operating income and losses, segment adjusted EBITDA, adjusted EBITDA, free cash flow, forecasts or expectations regarding business outlook, prospects for its operations, capital expenditures, expectations regarding future financial results, and are also gene ...

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, 2022 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 | 2022 2 Q2'22 EARNINGS PRESENTATION DISCLAIMER This presentation contains projections and forward-looking statements concerning, among other things, the Company's quarterly and full-year revenues, operating income and losses, segment adjusted EBITDA, adjusted EBITDA, free cash flow, forecasts or expectations regarding business outlook, prospects for its operations, capital expenditures, expectations regarding future financial results, and are also gene ...

Weatherford International plc (NASDAQ:WFRD) Q2 2022 Earnings Conference Call July 28, 2022 9:00 AM ET Company Participants Mohammed Topiwala - Director, Investor Relations & M&A Girish Saligram - President & Chief Executive Officer Keith Jennings - Executive Vice President & Chief Financial Officer Conference Call Participants Doug Baker - Benchmark Research James Hubbard - Deutsche Bank Ati Modak - Goldman Sachs Gregg Brody - Bank of America Operator Ladies and gentlemen, thank you for standing by. Welcome ...

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 June 30, 2022 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 Registran ...

INVESTOR PRESENTATION WEATHERFORD INTERNATIONAL PLC Q1 | 2022 2 Q1'22 EARNINGS PRESENTATION DISCLAIMER This presentation contains projections and forward-looking statements concerning, among other things, the Company's quarterly and full-year revenues, operating income and losses, segment adjusted EBITDA, adjusted EBITDA, free cash flow, unlevered free cash flow, forecasts or expectations regarding business outlook, prospects for its operations, capital expenditures, expectations regarding future financial ...

Weatherford International plc (NASDAQ:WFRD) Q1 2022 Earnings Conference Call April 28, 2022 9:30 AM ET Company Participants Mohammed Topiwala - Director of IR Girish Saligram - President & CEO Keith Jennings - EVP & CFO Conference Call Participants Ian MacPherson - Piper Sandler Doug Baker - Benchmark Research Anna Leonard - Bank of America Operator Ladies and gentlemen, thank you for standing by. Welcome to the Weatherford International First Quarter 2022 Earnings Call. All participants will be in listen-o ...

As of April 21, 2022, there were 70,522,700 Weatherford ordinary shares, $0.001 par value per share, outstanding. Weatherford International public limited company Form 10-Q for the First Quarter and Three Months Ended March 31, 2022 TABLE OF CONTENTS 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 March 31, 2022 or ☐ TRANSITION REPORT PURSUANT ...

INVESTOR PRESENTATION WEATHERFORD INTERNATIONAL PLC Q4 | 2021 2 Q4'21 EARNINGS PRESENTATION DISCLAIMER This presentation contains projections and forward-looking statements concerning, among other things, Weatherford International plc's ("Weatherford" or the "Company") quarterly and full-year revenues, operating income and losses, segment adjusted EBITDA, adjusted EBIDTA, unlevered free cash flow, free cash flow, forecasts or expectations regarding business outlook, prospects for its operations and expectat ...