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UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd.

Transocean Ltd. · May 19, 2015 · 17 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. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 1
    UBS Global Oil and Gas Conference May 19, 2015 www.deepwater.com
  2. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 2
    Market Update Transocean Overview Value Creation Financial Flexibility Capital Investment Litigation Update Concluding Remarks 33
  3. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 3
    Market Update Exploration successes support longterm ultradeepwater demand Market conditions are currently challenging Rig market is temporarily oversupplied, including ultradeepwater Retirements reducing available supply…
  4. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 4
    Market Update Market Update Potential Impact of Rig Attrition Potential Impact of Rig Attrition Contract Status & Expected Demand 201217 All Floaters Worldwide Drivers of Declining Active Supply Forecast Newbuild deliveries…
  5. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 5
    Transocean 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…
  6. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 6
    7
  7. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 7
    Transocean Overview Strong Backlog Total Backlog 19.9 billion(4) 8
  8. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 8
    Transocean Overview Diversified Revenue Sources By Asset Class By Customer 11% 13% 29% 21% 29% 7% 42% 46% 2% UltraDeepwater Deepwater Harsh Environment Integrated NOC Independent Midwater HighSpec Jackups Other YTD…
  9. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 9
    Transocean Overview Committed Fleet (5) 10
  10. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 10
    Transocean Overview Value Creation Strong backlog Focus on costs and margins Financial Balance Sheet management Flexibility Reduction, deferral of CapEx Dividend reduction Transocean Partners LLC Value Creation 2015…
  11. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 11
    1Q15 operating earnings of 1.10/share on revenues of 2.04 billion Revenue Efficiency Utilization 90% 98% 85% 96% 80% 94% 75% 70% 92% 65% 90% 60% 88% 55% 50% 86% 45% 84% 40% 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15…
  12. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 12
    19.9 billion backlog provides solid cashgeneration foundation 5.7 billion total liquidity at March 31, 2015 2.7 billion cash 3.0 billion undrawn revolving credit facility 80% reduction in dividend frees 870 million annually…
  13. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 13
    Improve fleet quality Divest or scrap noncore assets Invest in highspecification rigs Will remain disciplined and prudent Will rephase investments, CapEx in response to market conditions Currently, 2015 2018 newbuild CapEx 700…
  14. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 14
    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…
  15. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 15
    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…
  16. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 16
    Concluding Remarks Managing the Downturn Control what we can Deliver safest, most efficient service to our customers Improved operations Cost structure and waste elimination Liquidity Fleet renewal and repositioning New…
  17. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 17
    UBS Global Oil and Gas Conference May 19, 2015 www.deepwater.com

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