Skip to main content Q2 2014 EARNINGS CALL – Seadrill Limited Investor Presentation | Shale Experts
Loading...
Pm

Q2 2014 EARNINGS CALL – Seadrill Limited

Seadrill Limited · Aug 27, 2014 · 24 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. Q2 2014 EARNINGS CALL – Seadrill Limited – slide 1
    Conference Call 2Q 2014 Results August 27, 2014
  2. Q2 2014 EARNINGS CALL – Seadrill Limited – slide 2
    Seadrill Second Quarter Call Agenda Highlights 2Q 2014 Subsequent events during 3Q 2014 Seadrill Strategy & Market Outlook Financial Performance Highlights Appendix: Seadrill Limited Financials 3
  3. Q2 2014 EARNINGS CALL – Seadrill Limited – slide 3
    Record Breaking Earnings Quarterly EBITDA (proforma consolidated) 865 900 Seadrill Group generates consolidated 800 768 788 713 EBITDA of US865 million for the second 700 665 663 634 612 604 quarter 2014 600 573 579 575 595…
  4. Q2 2014 EARNINGS CALL – Seadrill Limited – slide 4
    Highlights Second Quarter 2014 Seadrill secures contracts for the jack-up units West Tucana, West Telesto, West Ariel, and West Prospero and extends contract for the West Mischief. The total revenue potential for the new contracts…
  5. Q2 2014 EARNINGS CALL – Seadrill Limited – slide 5
    Subsequent Events Third Quarter 2014 Seadrill and SapuraKencana's Joint Venture commenced operations of its first pipe-laying support vessel for Petrobras for a period of five years with an extension option for an additional five…
  6. Q2 2014 EARNINGS CALL – Seadrill Limited – slide 6
    Financial performance highlights Seadrill Strategy & Market Outlook Appendix: Seadrill Limited Financials 7
  7. Q2 2014 EARNINGS CALL – Seadrill Limited – slide 7
    Evolution of Seadrill 80 67 69 60 70 60 61 56 50 60 40 41 Share price (US) 50 43 Number of units 37 40 32 30 30 20 20 10 10 5 0 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Number of units SDRL…
  8. Q2 2014 EARNINGS CALL – Seadrill Limited – slide 8
    Floaters US17.4 Billion Contract Backlog 2014 2015 2016 2017 Unit Customer 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q West Tellus Chevron 635 West Carina - Newbuild West Draco - Newbuild West Dorado - Newbuild West Aquila -…
  9. Q2 2014 EARNINGS CALL – Seadrill Limited – slide 9
    Strongest Fleet Profile in the Industry Floater Age Free and Clear Floater Availability Until End of 2016 80 100% 80 100% 70 70 81% 80% 80% 79% 74% 60 60 64% 63% 62% 50 63% 50 60% 60% 40 42 40 38% 40% 40% 30…
  10. Q2 2014 EARNINGS CALL – Seadrill Limited – slide 10
    Jack-ups - US5.5 Billion Contract Backlog 2014 2015 2016 Unit Customer 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q HE Jack-ups Contracted West Epsilon Statoil US289,000 West Elara Statoil US365,000 03.2017 Uncontracted West Linus…
  11. Q2 2014 EARNINGS CALL – Seadrill Limited – slide 11
    Jack-Up Market Fundamentals Jack-up Fleet Age Jack-up Delivery Schedule 250 70 60 200 50 150 40 Years 100 30 20 50 10 0 30 years 20 and 30 10 and 20 5 and 10 < 5 years 0 years years years 2014 2015 2016 2017…
  12. Q2 2014 EARNINGS CALL – Seadrill Limited – slide 12
    Financial performance highlights Financial Performance Highlights 13
  13. Q2 2014 EARNINGS CALL – Seadrill Limited – slide 13
    Financial Performance Highlights Q2 2014 Q1 2014 Q2 2014 Proforma Proforma Stand alone Consolidated Consolidated Total Operating Revenue US1,222 m US1,554 m US1,436 m Total Operating Expenses US 746 m US906 m US863 m Net…
  14. Q2 2014 EARNINGS CALL – Seadrill Limited – slide 14
    Balance Sheet Summary June March 30, 2014 31, 2014 Total Current Assets 3,185 4,031 Non-current assets Newbuildings 2,593 3,917 Drilling units 14,008 13,163 Other 6,818 6,380 Total non-current assets 23,419 23,460 TOTAL ASSETS…
  15. Q2 2014 EARNINGS CALL – Seadrill Limited – slide 15
    EBITDA Contribution 900 865 2 5 788 800 768 70 224 713 700 164 665 663 634 618 612 595 604 600 573 579 575 574 560 493 500 US Millions 434 400 624 641 300 200 100 0 1Q10 2Q10 3Q10 4Q10…
  16. Q2 2014 EARNINGS CALL – Seadrill Limited – slide 16
    Illustrative Funding Profile 2,500 Recent Completed transactions: 2,000 US1,500 million (Korea II) facility US1,350 million facility 1,500 SEK 1,500 million Bond Issue 2014 is fully US Millions financed US1,800 million…
  17. Q2 2014 EARNINGS CALL – Seadrill Limited – slide 17
    Core Assets 32 6th generation ultra-deepwater units 2 Midwater harsh environment semi- submersible rigs 29 High-specification jack-ups 3 Harsh environment jack-ups 3 Tender rigs Financial Investments 8.18% of SapuraKencana…
  18. Q2 2014 EARNINGS CALL – Seadrill Limited – slide 18
    Appendix: Seadrill Limited Financials 19
  19. Q2 2014 EARNINGS CALL – Seadrill Limited – slide 19
    Operating Income - Floaters Unaudited accounts in USD millions 2Q14 1Q14 4Q13 3Q13 Total operating revenues 852 813 1,030 939 Gain on Sale - 440 - - Vessel and rig operating expenses 263 271 370 357 Reimbursable expenses 58 23 17…
  20. Q2 2014 EARNINGS CALL – Seadrill Limited – slide 20
    Operating Income Jack-up Rigs Unaudited accounts in USD millions 2Q14 1Q14 4Q13 3Q13 Total operating revenues 335 315 339 292 Vessel and rig operating expenses 142 130 148 122 Reimbursable expenses 11 9 11 6 Depreciation and…
  21. Q2 2014 EARNINGS CALL – Seadrill Limited – slide 21
    Operating Income Total Seadrill Limited Unaudited accounts in USD millions 2Q14 1Q14 4Q13 3Q13 Total operating revenues 1,222 1,221 1,469 1,280 Gain on sale of assets - 440 - - Vessel and rig operating expenses 437 492 565 491…
  22. Q2 2014 EARNINGS CALL – Seadrill Limited – slide 22
    Net Income Total Seadrill Limited Unaudited accounts in USD millions 2Q14 1Q14 4Q13 3Q13 Net operating income 476 890 568 471 Financial items and other income Interest income 32 11 8 - Interest expense (124) (118) (134) (107) Share…
  23. Q2 2014 EARNINGS CALL – Seadrill Limited – slide 23
    Balance Sheet - Assets June March December Unaudited accounts in USD millions 30, 2014 31, 2014 31, 2013 Current assets Cash and cash equivalents 543 912 744 Restricted cash 237 206 168 Marketable securities 933 1,072 416…
  24. Q2 2014 EARNINGS CALL – Seadrill Limited – slide 24
    Balance Sheet Liabilities & Shareholders Equity June March December 30, 2014 31, 2014 31, 2013 Current liabilities Current portion of long-term debt 2,147 1,662 1,566 Trade accounts payable 61 111 90 Other current liabilities…

From the store

Browse maps, data & reports in the Shale Experts store