Investor Presentaiton
Q1'21 EARNINGS PRESENTATION
SEGMENT RESULTS: WESTERN HEMISPHERE
($ in millions)
FINANCIAL RESULTS
Q1'21 REVENUES BY REGION
North America
55%
Q1'21
A Seq. ΔΥΟΥ
Revenues:
$214
North America
$214
6%
(37%)
Latin America
Latin America
$176
3%
(29%)
$176
Total Revenues
$390
5%
(34%)
Adj. Segment EBITDA
$52
27%
(32%)
% Margin
13%
230 bps
40 bps
Q1'21 COMMENTS
■ North America revenue growth driven by increased Drilling, Evaluation, and
Intervention sales in the United States and Canada, as well as seasonal activity
increases in Canada partially offset by lower Completion and Production
activity.
■ Latin America growth driven by increased activity across all product lines.
Adjusted Segment EBITDA grew 27% sequentially, driven by increased activity
and operating efficiency in North America.
Adj. EBITDA margins increased 230 bps sequentially and 40 bps over prior year.
Q1'21 REVENUES BY SEGMENT
Completion and
Production
$225
Drilling, Evaluation,
and Intervention
$165
-
Favorable Adj. Segment EBITDA decrementals of 12% YoY.
58%
45%
42%
7
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