NOV Inc.

Proforma Selected Financial Data

(In millions)

2019

2020

2021

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

2018

2019

2020

2021

9 Months

Revenue:

Wellbore Technologies

$

807

$

850

$

793

$

764

$

691

$

442

$

361

$

373

$

413

$

463

$

507

$

3,235

$

3,214

$

1,867

$

1,383

Completion & Production Solutions

581

663

728

799

675

611

601

546

439

497

478

2,931

2,771

2,433

1,414

Rig Technologies

603

671

649

759

557

476

449

437

431

487

390

2,575

2,682

1,919

1,308

Eliminations

(51)

(52)

(44)

(41)

(40)

(33)

(27)

(29)

(34)

(30)

(34)

(288)

(188)

(129)

(98)

Total

$

1,940

$

2,132

$

2,126

$

2,281

$

1,883

$

1,496

$

1,384

$

1,327

$

1,249

$

1,417

$

1,341

$

8,453

$

8,479

$

6,090

$

4,007

Adjusted EBITDA:

Wellbore Technologies

$

117

$

134

$

133

$

143

$

103

$

42

$

21

$

12

$

34

$

63

$

77

$

526

$

527

$

178

$

174

Completion & Production Solutions

28

52

82

96

71

68

63

28

(4)

4

(5)

378

258

230

(5)

Rig Technologies

56

74

105

112

56

14

28

19

13

75

25

309

347

117

113

Eliminations and corporate costs

(61)

(65)

(58)

(63)

(52)

(40)

(41)

(42)

(43)

(38)

(41)

(303)

(247)

(175)

(122)

Total

$

140

$

195

$

262

$

288

$

178

$

84

$

71

$

17

$

-

$

104

$

56

$

910

$

885

$

350

$

160

Adjusted EBITDA %:

Wellbore Technologies

14.5%

15.8%

16.8%

18.7%

14.9%

9.5%

5.8%

3.2%

8.2%

13.6%

15.2%

16.3%

16.4%

9.5%

12.6%

Completion & Production Solutions

4.8%

7.8%

11.3%

12.0%

10.5%

11.1%

10.5%

5.1%

(0.9)%

0.8%

(1.0)%

12.9%

9.3%

9.5%

(0.4)%

Rig Technologies

9.3%

11.0%

16.2%

14.8%

10.1%

2.9%

6.2%

4.3%

3.0%

15.4%

6.4%

12.0%

12.9%

6.1%

8.6%

Eliminations and corporate costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NOV consolidated

7.2%

9.1%

12.3%

12.6%

9.5%

5.6%

5.1%

1.3%

-

7.3%

4.2%

10.8%

10.4%

5.7%

4.0%

Completion & Production Solutions:

Ending Backlog

$

1,041

$

1,215

$

1,298

$

1,305

$

1,185

$

1,000

$

789

$

696

$

810

$

1,003

$

1,107

$

894

$

1,305

$

696

$

1,107

Revenue out of backlog

316

379

431

499

416

388

394

328

267

276

266

1,697

1,625

1,526

809

Order Additions, net

470

548

535

502

335

196

169

215

338

462

384

1,564

2,055

915

1,184

Other Additions

-

-

-

-

-

-

-

-

57

-

-

-

-

-

57

FX Adjustment

(7)

5

(21)

4

(39)

7

14

20

(14)

7

(14)

(39)

(19)

2

(21)

Rig Technologies:

Ending Backlog

$

3,142

$

3,168

$

3,143

$

2,994

$

2,932

$

2,787

$

2,660

$

2,669

$

2,591

$

2,655

$

2,784

$

3,117

$

2,994

$

2,669

$

2,784

Adoption of Revenue Recognition standard

-

-

-

-

-

-

-

-

-

-

-

110

-

-

-

Revenue out of backlog

246

284

246

360

208

219

199

181

190

168

158

1,088

1,136

807

516

Order Additions, net

271

310

221

211

146

74

57

190

112

232

300

2,497

1,013

467

644

Deductions from backlog

-

-

-

-

-

-

-

-

-

-

-

282

-

-

-

FX Adjustment

-

-

-

-

-

-

15

-

-

-

(13)

(8)

-

15

(13)

2019

2020

2021

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

2018

2019

2020

2021

Other items excluded from Adjusted EBITDA:

Wellbore Technologies

$

(2)

$

3,345

$

41

$

410

$

715

$

62

$

26

$

46

$

6

$

18

$

7

$

21

$

3,794

$

849

$

31

Completion & Production Solutions

11

1,939

79

13

1,054

12

23

43

(2)

(6)

6

-

2,042

1,132

(2)

Rig Technologies

2

474

194

114

238

20

12

132

3

8

6

6

784

402

17

Eliminations and corporate costs

-

11

-

-

16

8

1

15

2

(5)

5

(18)

11

40

2

Total

$

11

$

5,769

$

314

$

537

$

2,023

$

102

$

62

$

236

$

9

$

15

$

24

$

9

$

6,631

$

2,423

$

48

Proforma Selected Financial Data - Tear Sheet

FINAL

10/26/2021 4:30PM

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Disclaimer

NOV Inc. published this content on 26 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2021 21:47:03 UTC.