Atwood Oceanics, Inc. Credit Suisse Energy Summit 2011 February 8, 2011 www.atwd.com 1
Atwood Oceanics Profile (NYSE ticker ATW) Headquartered in Houston, Texas Founded in 1968, operating since 1970 Named one of Fortunes fastest growing companies 2007-2010 39th on Forbes 2010 best small companies list Strong safety,…
Strong Margins and Capital Returns 60% 50% ATW ATW SDRL SDRL DO 40% ESV NE ESV DO PDE PDE RIG NE EBIT 30% Margins RDC FY 11 RIG FY 12 RDC 20% 10% 0% 0% 5% 10% 15% 20% ROCE Note: DO = Diamond Offshore, ESV…
Solid Share Price Performance 20 Year Share Price History */** 5 Year Share Price Growth * 2500% ATW 92% 2250% 2000% ATW DO 56% NE 1750% PDE RIG 30% RDC 1500% 1250% ESV 20% 1000% NE 15% 750% 500% PDE 14% 250% RDC 1%…
Continually Improving HSE Performance Well-established, risk-based and practical HSE system 2010 best-ever year for safety in Atwoods history Focused on operational integrity and process safety in addition to personal safety…
Diversified Fleet with Global Presence London ATWOOD AURORA Houston, Texas ATWOOD ADVANTAGE ATWOOD SOUTHERN CROSS RICHMOND Kuala Lumpur VICKSBURG ATWOOD BEACON ATWOOD HUNTER ATWOOD FALCON SEAHAWK ATWOOD OSPREY ATWOOD…
Atwood Osprey Ultra-deepwater Semi-submersible Scheduled delivery in early 2011 Contracted to Chevron for Greater Gorgon Design and Capabilities Friede & Goldman Millennium ExD Design 12-point mooring system 8,200 ft. water depth…
Atwood Condor Ultra-deepwater DP Semi-submersible Scheduled delivery in 2012 and 2013 from Jurong Shipyard AVAILABLE FOR HIRE Design and Capabilities Friede & Goldman Millennium ExD Design Dynamically Positioned 10,000 ft. water…
Atwood Advantage Ultra-deepwater DP-3 Drillship Scheduled delivery in 2nd half of 2013 from DSME Shipyard AVAILABLE FOR HIRE Design and Capabilities 12,000 ft. water depth capability Seven-ram BOP with acoustic package 1,250 ton…
Newbuild High-Specification Jackups Atwood Mako, Manta and Orca Scheduled delivery in 2012 and 2013 from PPL Shipyard AVAILABLE FOR HIRE Design and Capabilities Pacific Class (Baker Marine) 400 design 400 ft. water depth capability…
Atwood Deepwater Floater Fleet Last Major Water Capabilities Customers Upgrade Depth Atwood Hunter Efficient tree handling Flexible mud system 2001 5,000 ft Large deck space Expanded accommodations Atwood Eagle Efficient tree…
Atwood Jackup Fleet Year Delivered*/ Water Capabilities Customers Last Upgrade** Depth Atwood Beacon Single stage preload Extended-reach cantilever 2003* 400 ft High pressure mud system Atwood Aurora Offline stand building…
Rig Availability Rig Class / Rig Customer 2011 2012 2013 2014 Ultra-deepwater Drillship Atwood Advantage Available Available late 2013 Ultra-Deepwater Semisubmersibles Atwood Osprey Chevron 470,000 Atwood Condor Available Available…
Floater Market Maturing oil basins, oil production decline rates and deepwater exploration success drive long-term demand Macondo effects delay Gulf of Mexico rig fixtures as interpretation of new regulations stalls permitting…
Jackup Market Demand responding as oil prices stabilize in 80-90 per barrel range All newbuilds from 2005-2009 build cycle have been contracted a 2nd build cycle has started, Atwood first mover High-spec rig utilization stable…
Drillers Investments in Fleet Growth As of January 31, 2011 35 RIG 30 25 ATW EV (billions) 20 DO ESV 15 NE PDE 10 DO NE ESV RDC 5 PDE RDC RIG ATW 0 0.0% 25.0% 50.0% 75.0% 100.0% % Newbuilds to EV EV =…
Balance Sheet Supports Future Growth Debt/Capitalization * 69% Debt/EBITDA ** 5.2 4.1 33% 35% 29% 30% 2.9 28% 2.3 14% 1.5 0.6 0.8 4% 0.3 ESV ATW NE DO PDE RIG RDC SDRL ESV ATW DO NE RIG RDC SDRL PDE Active 500…
Capital Expenditures and Related Financing For the remainder of fiscal 2011, we anticipate an additional 437 million in capital expenditures on the Atwood Osprey, Atwood Condor and Atwood Advantage Includes shipyard & equipment…
Atwood Oceanics Positioned for Successful Growth Excellent safety systems and operating reputation Leading financial and shareholder performance Diversified customer base and market presence Expanding high-specification rig…
Loading...
