Contents Highlights 4Q 2012 Company status Market outlook Floaters Jack-ups Tender rigs Contract backlog 4Q 2012 accounts Seadrill North Atlantic Drilling Seadrill Partners Q&A session 2
Financial performance highlights Quarterly EBITDA Seadrill generates fourth quarter 2012 EBITDA of US604 million Seadrill reports fourth quarter 2012 net income of US50 million and earnings per share of US0.04 Seadrill secured…
Highlights - fourth quarter 2012 Listing of Seadrill Partners LLC on NYSE raising US207 million Secured a five-year contract and a two-year extension for the West Mira and West Epsilon respectively, with total US1.4 billion revenue…
Subsequent events Signed sale and purchase agreement for the integration of 18 tender rigs into SapuraKencana for a total consideration of US2.9 billion Acquires the ultra-deepwater rig Songa Eclipse for US590 million Orders two…
Highlights Market trends Ultra Deepwater international USDk/day Historical dayrates for Ultra-deepwater rigs Increased spend from Oil and Gas companies 700 Exploration to offset declining maturing fields 600 Newbuild prices…
Global operational footprint Americas North Atlantic 8 units North Atlantic 7 units Canada London - 4 Semis - 1 Semi - 2 Jack-ups - 1 Drillship Gulf of Mexico - 3 Semis Gulf of Mexico Middle East South America Asia Pacific -…
Operational priorities 8
Growth through newbuild program 9
Financial performance highlights 10
Financial performance highlights This quarter Previous quarter EBITDA US604 m US574 m Earnings per share US0.04 US0.40 Operating profit US441 m US413 m Financial items US(335) m US(158) m Cash flow from operating activities…
EBITDA contribution 12
Operating Income - Floaters Unaudited accounts in USD millions 4Q12 3Q12 2Q12 1Q12 Operating revenues 700 674 718 656 Reimbursables 63 22 11 9 Other revenues 1 3 0 0 Total operating revenues 764 699 728 665 Gain on sale of…
Operating Income Jack-up rigs Unaudited accounts in USD millions 4Q12 3Q12 2Q12 1Q12 Operating revenues 233 203 186 199 Reimbursables 14 5 16 11 Other revenues 0 0 (3) (3) Total operating revenues 247 209 199 207 Gain on sale of…
Operating Income Tender rigs Unaudited accounts in USD millions 4Q12 3Q12 2Q12 1Q12 Operating revenues 193 178 183 169 Reimbursables 7 6 10 6 Other revenues 2 (1) 2 3 Total operating revenues 202 183 195 178 Gain on sale of…
Operating Income Total Seadrill Limited Unaudited accounts in USD millions 4Q12 3Q12 2Q12 1Q12 Operating revenues 1 126 1 056 1 087 1 025 Reimbursables 85 33 37 25 Other revenues 3 2 (1) 0 Total operating revenues 1 215 1 092 1 122…
Net Income Total Seadrill Limited Unaudited accounts in USD millions 4Q12 3Q12 2Q12 1Q12 Net operating income 441 413 483 456 Financial items Interest income 11 5 4 4 Interest expense (91) (102) (76) (71) Share in results from…
Balance sheet - Assets December September June Unaudited accounts in USD millions 31, 2012 30, 2012 30, 2012 Current assets Cash and cash equivalents 318 518 276 Restricted cash 184 151 102 Marketable securities 333 246 227…
Balance Sheet Liabilities and Shareholders Equity December September June 31, 2012 30, 2012 31, 2012 Current liabilities Current portion of long-term debt 2 066 1 523 1 462 Trade accounts payable 72 62 55 Other current…
Non-financial highlights Statoil exercises its option to extend the contract for West Epsilon by two years to December 2016. The estimated value of the contract extension is US215 million. North Atlantic Drilling Ltd. files its draft…
Financial reporting highlights This quarter Previous quarter EBITDA US140 m US148 m Earnings per share US0.218 US0.286 Operating profit US98 m US106 m Financial items US(19) m US(32) m Cash flow from operating activities…
Operating Income - Total Unaudited accounts in USD millions 4Q12 3Q12 2Q12 1Q12 Operating revenues 241 244 251 219 Reimbursables 42 17 16 14 Other revenues 0 0 0 0 Total operating revenues 283 261 267 233 Vessel and rig operating…
Net Income - Total Unaudited accounts in USD millions 4Q12 3Q12 2Q12 1Q12 Net operating income 98 106 114 86 Financial items Interest expense (22) (19) (20) (22) Gain on derivatives 2 (4) (21) 6 Other financial items 1 (9) 8 (13)…
Balance Sheet - Assets December September June 31, 2012 30, 2012 30, 2012 Current assets Cash and cash equivalents 98 235 107 Restricted cash 24 16 19 Accounts receivables, net 212 173 172 Related party receivables 196 90 175 Deferred…
Balance Sheet Liabilities and Shareholders Equity December September June 31, 2012 30, 2012 30, 2012 Current liabilities Current portion of long-term debt 167 167 167 Related party transaction 67 61 63 Tax payable 114 150 145 Deferred…
Seadrill Partners Highlights Seadrill Partners LLC reports results for its first quarter after completing its successful initial public offering (IPO) on October 24, 2012. Generated distributable cash flow of 14.1 million for the…
Income statement Operating income Unaudited accounts in USD millions 4Q12 Operating revenues 157.6 Reimbursables 23.5 Other revenues - Total operating revenues 181.1 Vessel and rig operating expenses 58.0 Reimbursable expenses…
Income statement Net income Unaudited accounts in USD millions 4Q12 Net operating income 72.2 Financial items Interest income 1.7 Interest expense (8.7) Other financial items (9.0) Total financial items (16.0)…
Balance Sheet - Assets December 31, 2012 Current assets Cash and cash equivalents 19.4 Mobilization revenue receivable short-term 13.6 Accounts receivables, net 134.1 Related party receivables 36.4 Other current assets 34.4…
Balance Sheet Liabilities and Shareholders Equity December 31, 2012 Current liabilities Current portion of long-term related party payable 225.5 Trade accounts payable and accruals 28.2 Current portion of deferred mobilization…
Distributable cash flow Unaudited accounts in USD millions 4Q12 Net Income attributable for the fourth quarter 2012 50.8 Add: Depreciation & Amortization 22.0 Amortization of loan fees 1.6 Unrealized Gain/Loss on interest rate…
Seadrill Partners long-term contract coverage (1) (2) Average remaining contract term: 3.7 years(3) (1) Five-year contract extension starts in April 2014. Customer has an option to reduce the extension period to three or…
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