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CREDIT SUISSE ENERGY SUMMIT – Transocean Ltd.

Transocean Ltd. · Feb 7, 2012 · 21 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. CREDIT SUISSE ENERGY SUMMIT – Transocean Ltd. – slide 1
    Credit Suisse Energy Summit Transocean Ltd. February 7, 2012 1 www.deepwater.com www.deepwater.com
  2. CREDIT SUISSE ENERGY SUMMIT – Transocean Ltd. – slide 2
    Transocean is the Industry Leader Worlds largest offshore contract driller Largest fleet in all asset classes Operate in all markets worldwide Significant relationships across the customer spectrum Positioned to lead Premier…
  3. CREDIT SUISSE ENERGY SUMMIT – Transocean Ltd. – slide 3
    Key Investment Highlights Industry leader committed to customers, employees, and shareholders Improving our fleet in accordance with strategy Backlog provides visibility Well positioned to capture global opportunities in an improving…
  4. CREDIT SUISSE ENERGY SUMMIT – Transocean Ltd. – slide 4
    Strategy to Lead in Offshore Resource Development Customer Technical Our People Global Reach Relationships Expertise Transocean 5 www.deepwater.com
  5. CREDIT SUISSE ENERGY SUMMIT – Transocean Ltd. – slide 5
    Commitment to Drive Shareholder Value Return Cash to Capital Shareholders Investment Debt Margin Reduction Improvement 6 www.deepwater.com
  6. CREDIT SUISSE ENERGY SUMMIT – Transocean Ltd. – slide 6
    Recent Capital Market Transactions Reinforce balance sheet to maintain financial flexibility in light of post- Macondo operational challenges Equity offering Debt offering Balance sheet objectives unchanged: Targeted cash levels: 2…
  7. CREDIT SUISSE ENERGY SUMMIT – Transocean Ltd. – slide 7
    Operational Imperatives We are focused on delivering superior operating performance in a post Macondo environment: Revenue efficiency Historic levels still believed to be achievable Rig out-of-service time Emphasis on planning,…
  8. CREDIT SUISSE ENERGY SUMMIT – Transocean Ltd. – slide 8
    Largest Worldwide Rig Fleet Rigs Under Construction 140(1) Ultra-Deepwater Floaters 140 6 Deepwater Floaters Midwater Floaters 120 29 (4) Jackups 100 18 (2) 78 77 80 28 6 10 14 60 10 6 49 6 9 (3) 5 3 39 40 7 58 6 10…
  9. CREDIT SUISSE ENERGY SUMMIT – Transocean Ltd. – slide 9
    Diversified Revenue Source YTD September 2011 Revenues - 6.7 billion By Asset Class(4) By Customer 14% 21% 35% 12% 30% 6% 43% 35% 1% 3% Ultra-Deepwater Deepwater Integrated NOC Independent Midwater Jackups ADTI…
  10. CREDIT SUISSE ENERGY SUMMIT – Transocean Ltd. – slide 10
    Strong Backlog Creates Visibility Total Contract Revenue Backlog - 23.5 billion(5) (US billions) Ultra-Deepwater Floaters 9.0 8.4 Deepwater Floaters 8.0 Midwater Floaters 7.0 (4) 6.0 Jackups 6.0 5.0 5.0 4.0 4.0 3.9 3.3…
  11. CREDIT SUISSE ENERGY SUMMIT – Transocean Ltd. – slide 11
    Fleet Management: Create Opportunities & Drive Returns Core, strategic asset portfolio 1. Ultra-deepwater 2. Harsh Environment 3. High-spec Jackups 4. High-quality floaters and jackups Acquire, build, divest and/or spin-off…
  12. CREDIT SUISSE ENERGY SUMMIT – Transocean Ltd. – slide 12
    Newbuild Philosophy Drives Investment Decisions Customer Requirements as a Starting Point Does RIG have a suitable unit available Provide Can a unit be upgraded Upgrade Is an acquisition available Buy Is a newbuild…
  13. CREDIT SUISSE ENERGY SUMMIT – Transocean Ltd. – slide 13
    Aker Drilling Acquisition Reflects execution of asset and growth strategy Strengthened position in Norway by adding two HDHE assets Ultra-deepwater drillships under construction provide growth and upside potential 14…
  14. CREDIT SUISSE ENERGY SUMMIT – Transocean Ltd. – slide 14
    Strong Jackup Demand Leading to Reactivations Transocean Fleet(1) - 58 Key Market Drivers Demand and dayrates are increasing 20 Continuing demand growth is: Absorbing uncontracted newbuilds Bringing some idle jackups back to work…
  15. CREDIT SUISSE ENERGY SUMMIT – Transocean Ltd. – slide 15
    Midwater Market Activity Improving Transocean Fleet(1) - 28 Key Market Drivers No influx of newbuilds 7 Demand continues to increase Active areas include UK, Norway, West Africa and Med 21 Multiple opportunities for available…
  16. CREDIT SUISSE ENERGY SUMMIT – Transocean Ltd. – slide 16
    Deepwater Demand Still Slow to Respond Transocean Fleet(1) - 18 Key Market Drivers Strong UDW utilization has positive impact on DW 5 Demand continues to increase Strong demand in West Africa, Australia and Southeast Asia 13 2…
  17. CREDIT SUISSE ENERGY SUMMIT – Transocean Ltd. – slide 17
    Ultra-Deepwater Strengthening Transocean Fleet(1) - 29 Key Market Drivers 2012 availability is being absorbed 1 1 available through 1H12 Petrobras expected to contract more units 28 Demand and dayrates increasing Customers urgently…
  18. CREDIT SUISSE ENERGY SUMMIT – Transocean Ltd. – slide 18
    Long-Term Ultra-Deepwater Outlook is Positive Black Sea / Turkey China Israel USGOM Mexico India Liberia Philippines Sierra Leone Cote dIvoire Ghana French Guiana Gabon Indonesia Brazil Mozambique / Tanzania Australia…
  19. CREDIT SUISSE ENERGY SUMMIT – Transocean Ltd. – slide 19
    Macondo Update Recent court decisions: Court found that BP must indemnify Transocean for compensatory damages arising from pollution below the surface of the water, notwithstanding a finding(s) of strict liability (including OPA and…
  20. CREDIT SUISSE ENERGY SUMMIT – Transocean Ltd. – slide 20
    Key Investment Highlights Industry leader committed to customers, employees, and shareholders Improving our fleet in accordance with strategy Backlog provides visibility Well positioned to capture global opportunities in an improving…
  21. CREDIT SUISSE ENERGY SUMMIT – Transocean Ltd. – slide 21
    Credit Suisse Energy Summit Transocean Ltd. February 7, 2012 22 www.deepwater.com www.deepwater.com

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