Bank of America Merrill Lynch 2012 Global Energy Conference Jeffrey L. Chastain Vice President Investor Relations November 13, 2012
Todays Agenda Company Overview Deepwater Fundamentals Growing Visibility Positioning for the LongTerm Fleet Transformation and Value Creation 3
Company Overview Global Presence 14 Semisubmersibles 14 Drillships 49 Jackups 2 Submersibles 79 Total Rigs(1) + FPSO + Platform Operation Among the worlds largest offshore drilling contractors Globally diverse operations,…
Company Overview Geographically Diversified Revenues and Strong Customer Base Total Revenues Top Five Customers 1.Shell 2.6 Billion 2.Petrobras North Sea 3.Pemex Middle East / 4.Saudi Aramco India / Australia 5.Exxon 20% 14%…
Company Overview Total Backlog as of September 30, 2012 ( Billions) Estimated Annual Contribution Noble Substantial Contract Backlog 20 As of September 30, 2012 4 3.8 14.8 15 13.7 3.2 3 10 5 2.0 2 0 1.3 9/30/2012…
Projected Capital Expenditures (2012 2015) ( Millions) 3,000 Newbuilds Sustaining Capital Major Projects & Other Capitalized Interest 2,500 2,400 2,000 2,000 1,800 1,500 1,000 750 500 0 2012 2013 2014 2015…
Current Debt Maturity Profile Senior Note Maturities Coupon Maturity Life (Years) Amount Outstanding (mm) 5.875% 6/1/2013 1.0 300 7.375% 3/15/2014 1.8 250 3.450% 8/1/2015 3.2 350 Two Current 3.050% 3/1/2016 3.7 300 ( Millions)…
Deepwater Fundamentals Solid Support in Place Stable range of crude price Brent Avg. 110 in 2012 Drilling success remains high Geographic expansion continues into frontier locations Building backlog of field development…
Deepwater Fundamentals Exploration Success Remains Strong 2008 Sept 2012, Water Depth 4,000 Ft. and Greater Announced Discoveries by Year Countries with Announced Discoveries 38 New 37 37 record 32 12 28 5 1 2008 2009…
Deepwater Fundamentals Supportive Leading Indicators, Offshore Licensing Rounds 2012 Planned, Open and Recently Closed Activity Iceland Newfoundland UK 27th Round Greenland Norway 22nd Round, Arctic Region Nova Scotia…
Deepwater Fundamentals Supportive Leading Indicators, Deepwater Open Demand Open Demand by Client Type of Well 100% Majors 28% 92% 75% 50% Independents 26% 46% 25% NOCs 0% 8% Exploration Development 2 2 5 8 1 6 2 2…
UltraDeepwater and Deepwater 2012 Date Available Noble Paul Romano Early Nov 2012 2013 Date Available 2013 Date Available Noble Amos Runner Mid Nov 2013 Noble Driller Late Jun 2013 Noble Homer Ferrington Early July 2013 UDW: 7500'…
Floating Rig Fleet Contract Status Committed Uncommitted 19% 30% 44% 56% 70% 81% 2013 2014 2015 Source: Noble, as of October 31, 2012. 14
Jackup Sector Highlights Improving utilization seen in 2012 as demand builds in numerous regions Surplus jackups in decline Dayrates for highspec jackups experiencing higher rates and longer contract durations Dayrates for…
North Sea and West Africa 2013 Date Available Noble Tommy Craighead Mid Feb 2013 2013 Date Available Noble Percy Johns Late July 2013 Noble Julie Robertson Late Mar 2013 Noble Ed Noble Mid July 2013 North Sea: JU's 250' 400' West…
Middle East 2012 Date Available Middle East: JU's 150' 400' 300,000 Noble George McLeod Available Noble Dick Favor Available 250,000 Noble Chuck Syring Late Dec 2012 200,000 2013 Date Available 150,000 Noble Harvey Duhaney Mid Mar…
Jackup Rig Fleet Contract Status Committed Uncommitted 10% 30% 38% 62% 70% 90% 2013 2014 2015 Source: Noble, as of October 31, 2012. 18
Positioning for the LongTerm Fleet Transformation Committed or spent estimated 10 billion since 2007 Addition of four ultradeepwater semisubmersibles Three ultradeepwater drillships Noble Jim Day Three highspecification…
Positioning for the LongTerm Market Development Premium Assets Floating rigs and jackups Low average fleet age Leadingedge technology Addressing more demanding well requirements Large contract backlog Excellent visibility…
Positioning for the LongTerm Remaining Newbuild Shipyard Deliveries Under contract 2013 2014 Globetrotter II Noble Noble Noble HHI Don Taylor Bob Douglas Sam Croft Drillship 4 Noble Noble Noble Noble Noble F&G JU3000N…
Positioning for the LongTerm Value Impact of Fleet Transformation Estimated Revenue Distribution 2011 Actuals 2015 Projection 23% 24% 33% 11% 40% 4% 31% 6% 6% 22% Ultradeepwater Other Floater Standard Jackup Deepwater…
Positioning for the LongTerm Attractive Leverage to Rising Dayrates ( Millions) Annual Estimated Revenue Contribution From 2,500 Uncontracted New Deepwater and Jackup Capacity Contracted Drillships and Jackup 2 HHI Drillships…
Transforming Noble Noble Is Differentiating Itself In This Robust Business Environment: Premium Assets Unique Technology Geographic Expansion Improved Operations, Processes, And Systems Contract Details And Execution…
Dorfstrasse 19a 6340 Baar Switzerland www.noblecorp.com Investor contact: Jeffrey L. Chastain Vice President Investor Relations 2812766383 Enterprise Value (as of 11/1/2012) 14.7 billion Exchange Listing NYSE: NE Shares Outstanding (ex.…
Loading...
