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SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Noble Corporation plc

Noble Corporation plc · Mar 23, 2015 · 22 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 1
    David W. Williams Chairman, President and CEO Scotia Howard Weil 43rd Annual Energy Conference New Orleans, Louisiana March 23, 2015
  2. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 2
    Noble Sam Croft Rig Visit Noble Sam Croft Rig Tour Scotia Howard Weil Energy Conference March 22, 2015 3
  3. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 3
    Company Overview A Position of Leadership in Offshore Drilling Premium Fleet Mix Strong Contract Cover Excellent Visibility Highly-Skilled Marketing & Operations Staff Capex Spending in Decline Solid Balance Sheet and Excellent…
  4. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 4
    Company Overview Premium Fleet Mix Entered Contract UDW Floater Additions Service End Noble Danny Adkins 2009 Jun 2015 Noble Jim Day 2010 Jan 2016 Noble Clyde Boudreaux 2007 Nov 2015 Noble Dave Beard 2008 Apr 2016 Noble Bully…
  5. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 5
    Company Overview Premium Fleet Mix High-Spec Jackup Additions Entered Contract Service End Noble Roger Lewis 2007 Mar 2017 Noble Scott Marks 2009 Jul 2017 Noble Hans Deul 2009 Aug 2016 JU-2000E Noble Mick OBrien 2013…
  6. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 6
    Company Overview Global Drilling Presence with Established Deep and Shallow Water Experience Global Fleet Composition Corporate Headquarters - UK 8 Semisubmersibles 15 Jackups including 1 under construction U.S. Operations 9…
  7. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 7
    Company Overview Revenues Diversified by Region and Rig Type Full Year 2014 Total Revenues 3.2 Billion Revenues by Region Revenues by Rig Type 4% 5% 10% 16% 17% 4% 52% 56% 19% 17% Gulf Coast Brazil Ultra-Deepwater…
  8. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 8
    Company Overview Diverse Base of Quality Customers 2014 Revenue Split 2014 Top Customers 1. Shell 59% 2. Saudi Aramco 27% 3. Anadarko 14% 4. Freeport-McMoRan Source: Noble as of December 31, 2014 9
  9. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 9
    Company Overview Backlog Provides Excellent Visibility Backlog At December 31, 2014: 10.1 Billion Backlog by Client Estimated Annual Contribution Other 4 8.7% Anadarko 3.1 4.6% 3 Statoil 6.3% 2.3 2.2 2 1.5 Saudi…
  10. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 10
    Company Overview Strong Contract Coverage Percentage of Available Operating Days Floating Rigs 2015 80% Committed 2016 58% Committed Jackup Rigs 2015 82% Committed 2016 46% Committed Source: Noble as of December 31,…
  11. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 11
    2015 Focus Strong Execution Limit Fleet Downtime 7% OR LESS 2014 TRIR Continuous Safety Improvement 0.39 2015 Guidance Manage Costs -7% Maximize Fleet Capability 12
  12. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 12
    Financial Guidelines Medium-term financial guidelines support the strengthening of liquidity and maintaining investment grade rating Target Debt/Capitalization of between 35% and 40% Capitalization 1.1 billion of Senior notes sold in…
  13. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 13
    Manageable Debt Maturity Profile ( Millions) 75% of notes mature in 2019 or later 35% in 2040 or later Manageable sized maturities can be repaid with cash flow or revolver Weighted average coupon is 5.0% Recent 1.1…
  14. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 14
    What Differentiates Noble Composition of Backlog Timing of Newbuild Completions Unique Rig Designs Management Experience 15
  15. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 15
    Facts Regarding the Noble Backlog Approximately 60% with Shell 7 UDW floaters, 1 Arctic-class drillship, 1 high-spec jackup Approximately 8% with Saudi Aramco 5 jackups No exposure to PEMEX IOC exposure Cancellation for…
  16. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 16
    What Differentiates Noble Composition of Backlog Timing of Newbuild Completions Unique Rig Designs Management Experience 17
  17. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 17
    Completion of Shipyard Program Drives Well-Timed Capex Reduction 3 3 2 2 4 1 ( Billions) 3 Annual Capex(1) 2.1 2.1 2 1.9 1.2 .900 - 1.0 1 .585 0 2011 (A) 2012 (A) 2013 (A) 2014 (A) 2015(P) 2016(P) (1) Totals…
  18. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 18
    What Differentiates Noble Composition of Backlog Timing of Newbuild Completions Unique Rig Designs Management Experience 19
  19. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 19
    Huisman Tower Rigs Drilling System Downtime vs. Total Operating Hours 4% 3.30% 3% 2.20% 2% 1.04% 1% 0.37% 0% 2013 2014 Bully's I & II Globetrotter's I & II Source: Noble 20
  20. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 20
    What Differentiates Noble Composition of Backlog Timing of Newbuild Completions Unique Rig Designs Management Experience 21
  21. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 21
    What Does Industry Leadership Look Like The Right Assets Excellent Visibility Strong Balance Sheet and Access to Liquidity Experienced Management Flexible Cash Allocation Strategy 22
  22. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 22
    Enterprise Value (as of 3/19/15) 8.9 billion Shares Outstanding (ex. Treasury Shares) 241.9 million 52-Week Average Daily Trading Volume 6.1 million Debt Rating BBB/Baa3 Noble Corporation plc Investor contacts: Devonshire House…

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