Cautionary Statement Regarding Forward-Looking Statements Use of GAAP and non-gaap Performance Measures

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2 Disclaimer Cautionary Statement Regarding Forward-Looking Statements In addition to historical information, this presentation contains statements relating to our future business and/or results. These statements include certain projections and business trends that are forward-looking within the meaning of the United States' Private Securities Litigation Reform Act of Archer Limited, or the Company, desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including statements preceded by, followed by or that include the words estimate, plan, project, forecast, intend, expect, anticipate, believe, think, view, seek, target, goal, or similar expressions; any projections of earnings, revenues, expenses, synergies, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations, including integration and any potential restructuring plans relating to merger & acquisitions; any statements concerning proposed new products, services, developments or industry rankings; any statements regarding future economic conditions or performance; any statements of belief; and any statements of assumptions underlying any of the foregoing. Forward-looking statements do not guarantee future performance and involve risks and uncertainties. Actual results may differ materially from projected results as a result of certain risks and uncertainties. Further information about these risks and uncertainties are set forth in our most recent filing on Form 20-F (including, without limitation, those described under Item 3.D. Risk Factors ) and in our other filings with the United States Securities and Exchange Commission. These forward-looking statements are made only as of the date of this presentation. We do not undertake any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements in this presentation are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. Use of GAAP and non-gaap Performance Measures We report our financial results in accordance with generally accepted accounting principles (GAAP). However, Archer s management believes that certain non-gaap performance measures and ratios may provide users of this financial information additional meaningful comparison between current results and results in prior operating periods. One such non-gaap financial measure we use is earnings before interest, taxes, depreciation, and amortization (EBITDA), adjusted for special charges or amounts. This adjusted income amount is not a measure of financial performance under GAAP. Accordingly, it should not be considered as a substitute for operating income, net income or other income data prepared in accordance with GAAP. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the Company's reported results prepared in accordance with GAAP. 2 // Pareto Conference 2014 // 10 September 2014

3 We are Archer North Sea Platform drilling & related services Emerging Markets & Technologies Well integrity & intervention services Latin America Land drilling & related services North America Land based oilfield services 3 // Pareto Conference 2014 // 10 September 2014

4 Realizing the Potential of Our Business 4 // Pareto Conference 2014 // 10 September 2014

5 Market & Operational Update 5 // Pareto Conference 2014 // 10 September 2014

6 Market & Operational Update: North Sea Platform Drilling Modular Rig Proven track record of delivering excellent performance Large multi year backlog Ability to geographically expand into new markets Invested in new technology and proved it out to market Safer, cheaper and more efficient to operate Engineering Agile engineering services Core expertise in drilling facilities Improves asset performance and safety Addresses growing P&A market 6 // Pareto Conference 2014 // 10 September 2014

7 Market & Operational Update: Emerging Markets & Technology Continued geographic expansion into new markets Attractive well integrity products portfolio allows for significant growth Promising portfolio of intervention and imaging technologies 21% CAGR ( ) Cflex TM Annular seal integrity extends well life Point TM Bringing clarity to well integrity management Tornar TM Reliable wellbore and BOP cleaning Prevention Diagnostics Remediation 7 // Pareto Conference 2014 // 10 September 2014

8 Market & Operational Update: Latin America One of the largest and most experienced contractors in Argentina Investing in new drilling rigs Experienced team with key customer relationships Argentina has the 4th largest unconventional oil recoverable resources and the 2nd largest unconventional Gas recoverable resources Gas Potential Oil Potential (Bbls) Unconventional (Resources) Conventional (Oil 3P + Resources) (Tcf) Source: YPF investor presentation, March 17th, Unconventional (Resources) Conventional (Oil 3P + Resources) 8 // Pareto Conference 2014 // 10 September

9 Market Update: North America Total Well Spud by Basin and Rig Count 12,000 Hz Rig Count 1,350 10,000 1,150 Total Wells Spud 8,000 6,000 4,000 Permian Eagleford Total Rig Count 2,000 Bakken Mississipian 12Q1 A 12Q2 A 12Q3 A 12Q4 A 13Q1 A 13Q2 A 13Q3 A 13Q4 A 14Q1 A 14Q2 F 14Q3 F 14Q4 F 15Q1 F 15Q2 F 15Q3 F 15Q4 F 16Q1 F 16Q2 F 16Q3 F 16Q4 F 350 Source: PacWest Ver/Dir Rig Count The severe pricing pressure experienced during the last 8-10 quarters has now abated Ramp up for Horizontal rigs combined with gains in rig efficiency and higher number of stages/well driving up demand Expect continued margin improvements to be driven by internal efficiency gains, and improved market outlook & position 9 // Pareto Conference 2014 // 10 September 2014

10 Market Update: US Land Pricing, Utilization & Supply 21,000,000 19,000,000 Frac Supply, Demand, Utilization 95.0% 90.0% Capacity utilization improved dramatically from late 2013 to 81%+ Frac Horsepower 17,000,000 15,000,000 13,000,000 11,000,000 9,000,000 11Q3 11Q4 12Q1 12Q2 12Q3 12Q4 13Q1 13Q2 13Q3 13Q4 14Q1 14Q2F 14Q3F 14Q4F 15Q1F 15Q2F 15Q3F 15Q4F 16Q1F 16Q2F 16Q3F 16Q4F 85.0% 80.0% 75.0% 70.0% 65.0% 60.0% Capacity Utilization in 2Q14 Increased capacity utilization will result in equipment attrition and help the Supply/Demand imbalance Frac Demand Frac Supply Capacity Utilization Capacity Utilization 110.0% 100.0% 90.0% 80.0% 70.0% 60.0% Capacity Utilization and Price Index Price Index (New Bid/Spot Market) Expect 1+MM horsepower add in 2015 and 2016, resulting in mid-80 s utilization but high-80s/low-90s utilization in key growth plays Sand supply and logistics currently 50.0% 35.0 very tight Capacity Utilization Price Index Source: PacWest 10 // Pareto Conference 2014 // 10 September 2014

11 Market & Operational Update: North America Well positioned service offering and geographically located in basins with high capital spend High potential of integrated service approach with key customers Continued margin improvements from existing asset base Excellent opportunities to further enhance margins by selective investments 11 // Pareto Conference 2014 // 10 September 2014

12 Financial Performance Evolution 12 // Pareto Conference 2014 // 10 September 2014

13 Quarterly Financial Performance US $ Millions Revenue EBITDA Q1 '13 Q2 '13 Q3 '13 Q4 '13 Q1 '14 Q2 ' Q1 '13 Q2 '13 Q3 '13 Q4 '13 Q1 '14 Q2 '14 13 // Pareto Conference 2014 // 10 September 2014

14 Summary Improved basic operating parameters during the last year Increased margins as a result of restructuring and improved market conditions Promising opportunities in Argentina despite macroeconomic challenges Targeted and disciplined investments for further expansion and growth Increased focus on developing a differentiated technology portfolio Expect continued margin improvements from existing asset base 14 // Pareto Conference 2014 // 10 September 2014

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