Weatherford International Investor Presentation — December 2020

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INVESTOR PRESENTATION

WEATHERFORD INTERNATIONAL PLC

Q4 |2020©2021 Weatherford International plc. All rights reserved.Q4’20 EARNINGS PRESENTATION

This presentation contains projections and forward looking statements concerning, among other things, Weatherford International plc’s (“Weatherford” or

the “Company”) prospects foritsoperations and expectations regarding future financial results which are subject tocertain risks, uncertainties and

assumptions .These risks and uncertainties, which aremore fully described inWeatherford’s reports and registration statements filed with theSEC, include

butarenotlimited torisks associated with disease outbreaks and other public health issues, including COVID- 19pandemic, and their impact ontheglobal

economy ;Weatherford's preparedness forand response tothe COVID -19pandemic and the impact oflogistical issues and business interruptions

associated with COVID- 19pandemic onWeatherford and itscustomers and suppliers ;themacroeconomic outlook fortheoiland gasindustry ;commodity

prices and demand forourgoods and services ;ourability togenerate cash flow from operations tofund ourbusiness ;and ourability torealize cost savings

and business enhancements from ourrevenue and cost improvement efforts .Should one ormore ofthese risks oruncertainties materialize, orshould the

assumptions prove incorrect, actual results may vary materially from those currently anticipated .

This presentation includes non-GAAP financial measures which we believe provide users ofour financial information with additional meaningful

comparisons between current results and results ofprior periods aswell ascomparisons with peer companies. The non-GAAP amounts should not be

considered assubstitutes foroperating income, provision forincome taxes, netincome orother data prepared and reported inaccordance with GAAP, but

should beviewed inaddition totheCompany’s reported results prepared inaccordance with GAAP .Please refer totheappendices included herein and

ourfourth quarter earnings release forareconciliation ofGAAP tothenon-GAAP financial measures .Allfinancial results inthispresentation areunaudited .

Upon completing itsfinancial restructuring inlate 2019 ,theCompany adopted fresh -start accounting resulting inWeatherford becoming anew entity for

accounting and financial reporting purposes. Asrequired byGAAP, results uptoand including December 13,2019 are presented separately asthe

predecessor period (the “Predecessor” period) and results from December 14,2019 and onwards arepresented asthesuccessor period (the “Successor”

period) .The results from these Predecessor and Successor periods are not comparable .Nevertheless, fordiscussion purposes herein, the Company