Important information This presentation and its enclosures and appendices (hereinafter jointly referred to as the presentation) have been prepared by Sevan Drilling ASA (Sevan Drilling or the Company) exclusively for information…
Second quarter highlights Q2 Financial highlights Operating revenue USD 88.6 million Record EBITDA of USD 40.8 million Net profit USD 9.2 million 0.02 Earnings per share Other highlights Fleet technical utilization 95%…
Financial Update 4
Income Statement Three months Three months Income statement Unaudited figures in USD million ended 30/06/2014 ended 30/06/2014 Operating revenue 88.6 63.9 Operating expense -42.4 -36.6 Improved operating General & administrative…
Balance sheet As at As at Balance sheet items Unaudited figures in USD million 30/06/2014 30/06/2014 ASSETS Drilling rigs 1,970.1 1,916.6 Assets Other fixed assets 4.3 19.2 Other non-current assets 31.6 40.4 Addition of Sevan…
Company Update 7
Company update Operational performance Fleet technical utilization 95% Q2 95% 93% 92% 92% 5 months bonus earned in 90% Brazil 83% Sevan Louisiana 90% utilization Q2 2014 Technical utilization Average operating costs OPEX…
Company update Q2 2014 Comparative EBITDA (USD million) 9
Company update Contract backlog * 2014 2015 2016 2017 2018 Sevan Driller Petrobras, Brazil Q2 2016 (2010) Sevan Brasil Petrobras, Brazil Q2 2018 USD 1.4 billion (2012) backlog contract revenue on 3 rigs Sevan Louisiana LLOG,…
Company update Sevan Developer construction progress Evaluating delivery alternatives 97 percent complete Delivery indicated in October 2014 Secure a drilling Delays relate to equipment contract and subcontractors to Cosco…
Concluding remarks 12
Summary & Outlook Second quarter achievements continue to reflect impact of restructuring Three rigs operating and contracted through mid-2016 Sevan Developer construction near complete Sevan Louisiana operational update…
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