Weatherford International Investor Presentation — October 2018 - Weatherford International plc

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2This presentation contains forward -looking statements concerning, among other things,Weatherford’s prospects foritsoperations and

expectations regarding future financial results which aresubject tocertain risks, uncertainties and assumptions .These risks and uncertainties,

which aremore fully described inWeatherford International plc’s reports and registration statements filed with theSEC, include butarenot

limited totheimpact ofoiland natural gasprices and worldwide economic conditions ondrilling activity, ourability tomaintain robust internal

controls over financial reporting, thedemand forand pricing ofWeatherford’s products and services, domestic and international economic and

regulatory conditions, changes intaxandother laws affecting ourbusiness, results ofourtaxplanning efforts, ourability torealize costs savings

and business enhancements from ourtransformation efforts, cost cutting measures, reductions inforce and facility closures, timely closing of

planned divestitures, effects ofextreme weather conditions and global political instability .Should one ormore ofthese risks oruncertainties

materialize, orshould theassumptions prove incorrect, actual results may vary materially from those currently anticipated .

This presentation includes non-GAAP financial measures which webelieve provide users ofourfinancial information with additional meaningful

comparisons between current results andresults ofprior periods aswell ascomparisons with peer companies .Thenon-GAAP amounts should not

beconsidered assubstitutes foroperating income, provision forincome taxes, netincome orother data prepared and reported inaccordance

with GAAP, butshould beviewed inaddition totheCompany’s reported results prepared inaccordance with GAAP .Any non-GAAP measures

included herein willbeaccompanied byareconciliation tothenearest corresponding GAAP measures intheappendix tothis presentation andon

our website athttps ://www .weatherford .com/en/investor -relations/financial -information/non -gaap -financials/ .Allfinancial results inthis

presentation areunaudited .3

on a year -over year

basis on modestly lower

revenue was essentially

* Excludes PPS purchased and held -for-sale5

28%By Global Business Unit

6 $ in millionsWestern Hemisphere Eastern Hemisphere

36%MILESTONES ON OUR PATH TO PROFITABILITY

‒ $1B by YE2019 in Business Enhancements (Run Rate) and Profit Improvements

‒ Positive in 4Q 2018 and in 2019

‒ Net Debt -to-EBITDA Ratio Cut Nearly in Half by YE2018 and by One -Third at YE2019

EXPECTED EBITDA IMPACT OF $1B BY YE2019