Investor Presentaiton

We delivered on our promises for 2018 Archer Status 1 All business units in the Eastern Hemisphere experiencing increased demand with combined expected revenue growth of 15% over 2017. 18% above 2 3 Average EBITDA margin before restructuring expected to improve 1- 2% points over 2017. 2% points improvement Improved EBITDA in second half of year on the back of higher activity, reduced cost and incentive terms in Land Drilling. 46% higher 4 Capex below 3% of revenue. 5 Strategic process for onshore US ongoing. 2.7% of revenue Completed CO 6

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