Weatherford International Investor Presentation — July 2022

Document content

INVESTOR PRESENTATION

WEATHERFORD INTERNATIONAL PLC

©2022 Weatherford International plc. All rights reserved.Q2’22 EARNINGS PRESENTATION

This presentation contains projections and forward -looking statements concerning, among other things, theCompany’s quarterly and full-year revenues, operating income

and losses, segment adjusted EBITDA, adjusted EBITDA, free cash flow, forecasts orexpectations regarding business outlook, prospects foritsoperations, capital

expenditures, expectations regarding future financial results, and arealso generally identified bythewords “believe,” “project,” “expect,” “anticipate,” “estimate,” “outlook,”

“budget,” “intend,” “strategy,” “plan,” “guidance,” “may,” “should,” “could,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions, although

notallforward -looking statements contain these identifying words .Such statements arebased upon thecurrent beliefs ofWeatherford’s management and aresubject to

significant risks, assumptions, and uncertainties .Should one ormore ofthese risks oruncertainties materialize, orunderlying assumptions prove incorrect, actual results may

vary materially from those indicated inour forward -looking statements .Readers are cautioned that forward -looking statements are only predictions and may differ

materially from actual future events orresults, including :theprice and price volatility ofoiland natural gas;various effects from theRussia Ukraine conflict including, butnot

limited to,extended business interruptions, sanctions imposed byvarious countries, associated operational and logistical challenges, and impacts totheoverall global energy

supply ;cybersecurity issues, aswemay experience ahigher rate ofcybersecurity attacks, intrusions orincidents inthecurrent environment ofremote connectivity ;demand

foroiland gasand fluctuations incommodity prices ;general global economic repercussions related toU.S.and global inflationary pressures ;themacroeconomic outlook for

theoiland gasindustry ;operational challenges relating theCOVID -19pandemic and efforts tomitigate thespread oftheCOVID -19virus and COVID -19variants, including

logistical challenges, protecting thehealth and well-being ofouremployees, remote work arrangements, performance ofcontracts and supply chain disruptions ;ourability

togenerate cash flow from operations tofund ouroperations ;and therealization ofadditional cost savings and operational efficiencies .These risks and uncertainties are

more fully described inWeatherford’s reports and registration statements filed with theSEC, including theriskfactors described intheCompany’s Annual Report onForm

10-Kand Quarterly Reports onForm 10-Q.Accordingly, you should not place undue reliance onany oftheCompany’s forward -looking statements .Any forward -looking