Investor Presentaiton
Q1'21 EARNINGS PRESENTATION
SEGMENT RESULTS: EASTERN HEMISPHERE
($ in millions)
FINANCIAL RESULTS
Q1'21
A Seq. ΔΥΟΥ
Revenues:
Middle East, N. Africa, Asia
$267
(8%)
(34%)
Europe, SSA, Russia
$175
(3%)
(22%)
Total Revenues
$442
(6%)
(30%)
Adj. Segment EBITDA
$66
(24%)
(48%)
% Margin
15%
(360 bps) (540 bps)
Q1'21 REVENUES BY REGION
Middle East, North
60%
Africa, Asia
$267
Europe, SSA, Russia
$175
Q1'21 COMMENTS
■ Sequential decline in the Middle East, North Africa, and Asia revenue due to
seasonally lower product sales in Completion and Production, slightly offset by
higher Drilling activity in Saudi Arabia.
■ Europe, Sub Saharan Africa, and Russia revenue decline driven by seasonally
lower product sales in Eastern Hemisphere, partially offset by an increase in
Drilling, Evaluation, and Intervention sales in Europe and the Middle East.
Adjusted Segment EBITDA margin of 15%, declined 24% mainly due to lower
activity in the Middle East, Asia, and Russia regions.
-
Adj. Segment EBITDA decrementals of 33% YoY.
Q1'21 REVENUES BY SEGMENT
Completion and
Production
$198
Drilling, Evaluation,
and Intervention
$244
55%
40%
45%
8
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