NOV Inc.

Proforma Selected Financial Data

(In millions)

2020

2021

2022

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

2018

2019

2020

2021

2022

6 months

Revenue:

Wellbore Technologies

$

691

$

442

$

361

$

373

$

413

$

463

$

507

$

576

$

608

$

666

$

3,235

$

3,214

$

1,867

$

1,959

$

1,274

Completion & Production Solutions

675

611

601

546

439

497

478

549

530

639

2,931

2,771

2,433

1,963

1,169

Rig Technologies

557

476

449

437

431

487

390

431

441

462

2,575

2,682

1,919

1,739

903

Eliminations

(40)

(33)

(27)

(29)

(34)

(30)

(34)

(39)

(31)

(40)

(288)

(188)

(129)

(137)

(71)

Total

$

1,883

$

1,496

$

1,384

$

1,327

$

1,249

$

1,417

$

1,341

$

1,517

$

1,548

$

1,727

$

8,453

$

8,479

$

6,090

$

5,524

$

3,275

Adjusted EBITDA:

Wellbore Technologies

$

103

$

42

$

21

$

12

$

34

$

63

$

77

$

88

$

101

$

122

$

526

$

527

$

178

$

262

$

223

Completion & Production Solutions

71

68

63

28

(4)

4

(5)

2

10

32

378

258

230

(3)

42

Rig Technologies

56

14

28

19

13

75

25

21

36

41

309

347

117

134

77

Eliminations and corporate costs

(52)

(40)

(41)

(42)

(43)

(38)

(41)

(42)

(44)

(45)

(303)

(247)

(175)

(164)

(89)

Total

$

178

$

84

$

71

$

17

$

-

$

104

$

56

$

69

$

103

$

150

$

910

$

885

$

350

$

229

$

253

Adjusted EBITDA %:

Wellbore Technologies

14.9%

9.5%

5.8%

3.2%

8.2%

13.6%

15.2%

15.3%

16.6%

18.3%

16.3%

16.4%

9.5%

13.4%

17.5%

Completion & Production Solutions

10.5%

11.1%

10.5%

5.1%

-0.9%

0.8%

(1.0)%

0.4%

1.9%

5.0%

12.9%

9.3%

9.5%

-0.2%

3.6%

Rig Technologies

10.1%

2.9%

6.2%

4.3%

3.0%

15.4%

6.4%

4.9%

8.2%

8.9%

12.0%

12.9%

6.1%

7.7%

8.5%

Eliminations and corporate costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NOV consolidated

9.5%

5.6%

5.1%

1.3%

0.0%

7.3%

4.2%

4.5%

6.7%

8.7%

10.8%

10.4%

5.7%

4.1%

7.7%

Completion & Production Solutions:

Ending backlog

$

1,185

$

1,000

$

789

$

696

$

810

$

1,003

$

1,107

$

1,287

$

1,364

$

1,442

$

894

$

1,305

$

696

$

1,287

$

1,442

Revenue out of backlog

$

416

$

388

$

394

$

328

$

267

$

276

$

266

$

311

$

308

$

401

$

1,697

$

1,625

$

1,526

$

1,120

$

709

Order additions, net

$

335

$

196

$

169

$

215

$

338

$

462

$

384

$

495

$

339

$

530

$

1,564

$

2,055

$

915

$

1,679

$

869

Adjustments (1)

$

(39)

$

7

$

14

$

20

$

43

$

7

$

(14)

$

(4)

$

46

$

(51)

$

(39)

$

(19)

$

2

$

32

$

(5)

Rig Technologies:

Ending backlog

$

2,932

$

2,787

$

2,660

$

2,669

$

2,591

$

2,655

$

2,784

$

2,767

$

2,893

$

2,839

$

3,117

$

2,994

$

2,669

$

2,767

$

2,839

Revenue out of backlog

$

208

$

219

$

199

$

181

$

190

$

168

$

158

$

188

$

190

$

174

$

1,088

$

1,136

$

807

$

704

$

364

Order additions, net

$

146

$

74

$

57

$

190

$

112

$

232

$

300

$

191

$

236

$

140

$

2,497

$

1,013

$

467

$

835

$

376

Adjustments (1)

$

-

$

-

$

15

$

-

$

-

$

-

$

(13)

$

(20)

$

80

$

(20)

$

384

$

-

$

15

$

(33)

$

60

2020

2021

2022

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

2018

2019

2020

2021

2022

Other items excluded from Adjusted EBITDA (2):

Wellbore Technologies

$

715

$

62

$

26

$

37

$

4

$

18

$

7

$

2

$

23

$

7

$

21

$

3,794

$

840

$

31

$

30

Completion & Production Solutions

1,054

12

23

49

(2)

(6)

7

2

16

1

-

2,042

1,138

1

17

Rig Technologies

238

20

12

154

3

8

8

3

6

(8)

6

784

424

22

(2)

Eliminations and corporate costs

16

8

1

15

2

-

2

1

-

14

(18)

11

40

5

14

Total

$

2,023

$

102

$

62

$

255

$

7

$

20

$

24

$

8

$

45

$

14

$

9

$

6,631

$

2,442

$

59

$

59

  1. includes adjustments related to FX, cancelations, pricing and other similar items
  2. excludes (gain)/loss on sales of fixed assets for all periods

Proforma Selected Financial Data - Tear Sheet

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Disclaimer

NOV Inc. published this content on 27 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2022 22:17:01 UTC.