Investor Presentaiton

Q1'21 EARNINGS PRESENTATION DELIVERING ON OUR PRIORITIES SAFETY & SERVICE QUALITY EXPANDING OUR MARGINS ■ Q1'21 Adj. EBITDA grew 62 basis points sequentially, despite a 1% sequential reduction in Revenue ■ Fifth consecutive quarter of double-digit Adj. EBITDA margins ■ Year-on-year Adj. EBITDA decrementals [1] of 20% ■ Continued margin progress in NAM ■ In Q1'21, we achieved a near five-year best in NPT %, a testament to our focus on performance ■ Multiple safety and service quality awards ■ Continue to successfully manage operations despite COVID challenges by leveraging our digital portfolio ENHANCING OUR LIQUIDITY ■ Q1'21 free cash flow of $70 million improved $93 million sequentially ■ Q1'21 unlevered free cash flow of $94 million relatively flat sequentially ■ Total cash [2] of $1.3 billion as of Mar. 31, 2021 [1] Calculated as the change in adjusted EBITDA divided by the change in total revenues [2] Includes cash and cash equivalents and restricted cash LEVERAGING OUR TECHNOLOGY AND PORTFOLIO Relisting on NASDAQ as "WFRD" ■ Continued commercial traction of our key technologies - First use of Victus™ intelligent MPD by a particular NOC in the Middle East as part of a five-year contract Expansion into new markets by leveraging adjacent product lines - First quarter where TRS had a commercial Vero operation in each of our geographies 3 ©2021 Weatherford International plc. All rights reserved.

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