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WEATHERFORD INTERNATIONAL PLC FIRST QUARTER 2018 APRIL 24 2018
2018 ©2018 Weatherford International plc. All rights reserved. DISCLAIMER
2 This presentation contains forward -looking statements concerning , among other things, Weatherford’s prospects for its operations and
expectations regarding future financial results which are subject to certain risks, uncertainties and assumptions . These risks and uncertainties,
which are more fully described in Weatherford International plc’s reports and registration statements filed with the SEC, include but are not
limited to the impact of oil and natural gas prices and worldwide economic conditions on drilling activity, the outcome of pending litigation, our
ability to maintain robust internal controls over financial reporting, the demand for and pricing of Weatherford’s products and services, domestic
and international economic and regulatory conditions, changes in tax and other laws affecting our business, results of our tax planning efforts,
our ability to realize costs savings and business enhancements from our transformation efforts, cost cutting measures, reductions in force and
facility closures and sales, effects of extreme weather conditions and global political instability . Should one or more of these risks or
uncertainties materialize, or should the assumptions prove incorrect, actual results may vary materially from those currently anticipated .
This presentation includes non-GAAP financial measures which provide users of our financial information with additional meaningful comparisons
between current results and results of prior periods as well as comparisons with peer companies . The non-GAAP amounts should not be
considered as substitutes for operating income, provision for income taxes, net income or other data prepared and reported in accordance with
GAAP, but should be viewed in addition to the Company’s reported results prepared in accordance with GAAP . Any non-GAAP measures included
herein will be accompanied by a reconciliation to the nearest corresponding GAAP measures in the appendix to this presentation and on our
website at https ://www .weatherford .com/en/investor -relations/financial- information/non -gaap -financials /. ©2018 Weatherford International plc. All rights reserved. FINANCIAL OVERVIEW
3 1Q 2017 Capital Expenditures excludes ~$240M in previously leased pressure pumping equipment, classified as assets held for s ale
Adjusted Segment Operating Income and Adjusted EBITDA are non- GAAP measures; please see our non -GAAP reconciliation in the Appendix to this presentation
* Excludes $9 million of capital expenditures related to land drilling rigs Year -over -Year, EBITDA
76%. $27M or 42% was
transformation, with the remainder attributable to the market recovery. INCOME STATEMENT 1Q 2018 4Q 2017 Δ Seq. 1Q 2017 Δ Yr/Yr
Revenue $1,423 $1,490 -4% $1,386 3%
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