Investor Presentaiton

Q1'21 EARNINGS PRESENTATION CUSTOMER & TECHNOLOGY HIGHLIGHTS Driving commercial traction of key technologies Harnessing scale to grow adjacent product lines Leveraging the full breadth of our portfolio to grow profitably SURINAME BASIN Won a long-term contract with a major operator to provide tubular running and intervention capabilities on two deepwater rigs. ARGENTINA Awarded multiple three-year contracts as the primary provider of a range of services throughout the well life cycle. ROMANIA Drilled a horizontal re-entry with double the penetration rate of a major competitor's previous record using Magnus® RSS and CentroTM software, thereby expanding the Magnus portfolio into the Continental European market. NORTH SEA Introduced the Magnus RSS in this market by drilling re-entries for a major UK operator and delivering the first three wells 33% faster than planned, which led to contracts with two additional customers. NIGERIA MIDDLE EAST Delivered first-ever deployment of Victus™ intelligent MPD for an NOC in the Middle East as part of a recently awarded five-year contract. Accomplished a successful trial using the industry's first fully retrievable, 15,000-psi, gas-tight bridge plug for a major operator in the Middle East. Achieved a record drilling the longest horizontal lateral in the field using Victus intelligent MPD in conjunction with our RSS. INDONESIA Safety Awards Recognized by multiple customers for outstanding HSE performance. This includes the Outstanding Operational Excellence Award from an IOC in Tengiz, Kazakhstan, and a recognition award from an NOC in the Middle East for delivering 20 years of LTI-free liner-hanger services. Successfully introduced Vero" automated connection integrity on a remote, high-pressure gas well for an IOC, which led to expanding our work scope. Completed a successful trial using Vero automated connection integrity for a major operator by rejecting threads at risk of future leaks to assure flawless connections. Deployed the ForeSite production optimization platform on a 100+ well trial delivering a 14% uplift and improved uptime in the applicable wells along with an average reduction of 40% in lost-production opportunities. 4 ©2021 Weatherford International plc. All rights reserved.

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