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SCOTIA HOWARD WEIL ENERGY CONFERENCE – Transocean Ltd.

Transocean Ltd. · Mar 23, 2015 · 18 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 ENERGY CONFERENCE – Transocean Ltd. – slide 1
    Scotia Howard Weil Energy Conference March 23, 2015 www.deepwater.com
  2. SCOTIA HOWARD WEIL ENERGY CONFERENCE – Transocean Ltd. – slide 2
    Company Overview Market Overview Value Creation Financial Flexibility Capital Investment Litigation Update Investment Highlights 33
  3. SCOTIA HOWARD WEIL ENERGY CONFERENCE – Transocean Ltd. – slide 3
    Company Overview Industry Leader Premier position in ultradeepwater market segment Largest fleet of high spec and midwater floaters Operates in most major markets worldwide Technical leader Significant relationships across…
  4. SCOTIA HOWARD WEIL ENERGY CONFERENCE – Transocean Ltd. – slide 4
    5
  5. SCOTIA HOWARD WEIL ENERGY CONFERENCE – Transocean Ltd. – slide 5
    Company Overview Strong Backlog Total Backlog 21.2 billion(4) 6
  6. SCOTIA HOWARD WEIL ENERGY CONFERENCE – Transocean Ltd. – slide 6
    Company Overview Diversified Revenue Sources By Asset Class By Customer 11% 12% 29% 19% 32% 49% 6% 39% 3% UltraDeepwater Deepwater Harsh Environment Integrated NOC Independent Midwater HighSpec Jackups Other 2014…
  7. SCOTIA HOWARD WEIL ENERGY CONFERENCE – Transocean Ltd. – slide 7
    Company Overview Committed Fleet (5) 8
  8. SCOTIA HOWARD WEIL ENERGY CONFERENCE – Transocean Ltd. – slide 8
    Market Overview Exploration successes support longterm ultradeepwater demand Market conditions are currently challenging Rig market is temporarily oversupplied, including ultradeepwater Ultradeepwater Deepwater Midwater HighSpec…
  9. SCOTIA HOWARD WEIL ENERGY CONFERENCE – Transocean Ltd. – slide 9
    Long-Term Rig Requirements Offshore Rigs Floaters Potential Floaters Rigs at risk of displacement newbuilds Longterm growth in deepwater 90 120 150 500 Lower spec rigs particularly at risk 382 125 floaters are 30+ years…
  10. SCOTIA HOWARD WEIL ENERGY CONFERENCE – Transocean Ltd. – slide 10
    Value Creation Strong backlog Financial Focus on costs and margins Debt reduction Flexibility Deferral of newbuild jackup deliveries Transocean Partners LLC Dividend reduction Value Creation Recommended 2015 Return of…
  11. SCOTIA HOWARD WEIL ENERGY CONFERENCE – Transocean Ltd. – slide 11
    21 billion backlog provides solid cashgeneration foundation 5.6 billion total liquidity at December 31, 2014 2.6 billion cash 3.0 billion undrawn revolving credit facility Transocean Partners LLC Continue to take actions to…
  12. SCOTIA HOWARD WEIL ENERGY CONFERENCE – Transocean Ltd. – slide 12
    4Q14 operating earnings of 0.95/share on revenues of 2.24 billion Revenue Efficiency Utilization 90% 98% 85% 96% 80% 94% 75% 70% 92% 65% 90% 60% 88% 55% 50% 86% 45% 84% 40% 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14…
  13. SCOTIA HOWARD WEIL ENERGY CONFERENCE – Transocean Ltd. – slide 13
    Improve fleet quality Divest or scrap noncore assets Invest in highspecification rigs Acquire Build to contract Build opportunistically Will remain disciplined and prudent Returns exceed cost of capital Contributions accretive to…
  14. SCOTIA HOWARD WEIL ENERGY CONFERENCE – Transocean Ltd. – slide 14
    Current Fleet* Future Fleet Existing Under Total construction Ultra-deepwater 28 +7 35 Ultra-deepwater 50% Floaters Deepwater 8 8 Deepwater Midwater 15 15 Midwater Harsh Environment 7 7 Harsh Environment 10% Jackups…
  15. SCOTIA HOWARD WEIL ENERGY CONFERENCE – Transocean Ltd. – slide 15
    Completed Program: 18 HighSpec Rigs 2009 20102012 2013 2014 Americas Inspiration Andaman Invictus Clear Leader KG2 Siam Driller Asgard KG1 India Ao Thai Petrobras 10000 Luanda DD III Champion Barents Honor Spitsbergen Current…
  16. SCOTIA HOWARD WEIL ENERGY CONFERENCE – Transocean Ltd. – slide 16
    Favorable ruling handed down by Texas Supreme Court 2/13/15 BP is not an additional insured Favorable court ruling 9/4/14 effectively eliminates Transoceans financial risk arising from the belowsurface discharge of oil Transocean…
  17. SCOTIA HOWARD WEIL ENERGY CONFERENCE – Transocean Ltd. – slide 17
    Steady gains in revenue efficiency, anticipate 95% in 2015 Operational Accelerating improvement in cost structure Improvement Reduced headcount, optimized maintenance Continued focus on outofservice time and costs Enhanced with IPO…
  18. SCOTIA HOWARD WEIL ENERGY CONFERENCE – Transocean Ltd. – slide 18
    Scotia Howard Weil Energy Conference March 23, 2015 www.deepwater.com

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