Highlights third quarter 2010 Net income of US358m up from US329m EBITDA of US560m compared to US493m in the preceding quarter Earnings per share up from US0.77 to US0.85 Regular cash dividend up from US0.61 to US0.65 per…
Subsequent events US350m 6.5% bond and US650m 3.375% convertible bond issued in October Orders 2+2 ultra-deepwater drillships at Samsung Orders 4+6 benign environment jack-ups from Jurong and Dalian Completes US55m disposal of…
Financial performance highlights Revenue growth continued, Q3/10 at US1,075m (US933m in Q2) EBITDA US560m (US493m in Q2) Earnings per share of US0.85 (US0.77 in Q2) Net operating profit US431m (US383m in Q2) Financial items…
EBITDA contribution 6
Total Seadrill 7
Total Seadrill 8
Assets 9
Liabilities and Shareholders Equity 10
Worldwide operations Europe - 5 units Newbuilds - 10 units - 3 Semis - 1 Jack-up - 1 Drillship -1 Semi -2 Drillships GoM - 1 unit - 1 HE jack-up - 1 Semi - 5 BE jack-ups - 1 Semi-tender South America - 7 units - 3 Semis…
Market view Market prospects suggest stable or 160 WTI Spot Price increasing oil prices 140 120 US per barrel Decreasing production triggers more 100 80 drilling in existing reservoirs 60 40 20 Exploration…
Seadrill orders six newbuilds in 4Q 2010 2 ultra-deepwater units Samsung design 12,000ft water depth capacity Total project cost per rig US600 million Delivery scheduled in 1Q/2013 and 2Q/2013 Options for two additional units 4…
New ultra-deepwater drillships with increased capacities West Gemini New drillships Water depth 10,000ft 12,000ft Riser 7,000ft 10,000ft Top-drive / Hook load 1,000 st 1,250 st Compensator main derrick 500 st 750 st BOP 6 rams…
New jack-up rigs with increased operational capacities MOD V B JU 2000E Operating area Benign waters (0 deg C) Southern North Sea (-20 deg C) Water depth 400ft 400ft Hook load 750 st 1000 st Cantilever combined loads 1,250 st 18 m…
Dividend distribution and policy Dividend resolved at US0.65 per share Increase reflects strong earnings visibility and increasing free cash flow Future dividend depends on: Debt leverage Contract coverage Capital expenditure…
Seadrill is uniquely positioned Brand new fleet of rigs (supplemented by newbuild orders) Sound operations Global presence Strong contract backlog and earnings visibility Unique bank relationships Confidence and trust from…
Asset portfolio Core fleet 43 units built after 2000 11 built before 2000 14 Ultra-Deepwater Units + 1 Deepwater Unit 1 Mid-water semi 19 High Specification Jack-ups 2 Jack-ups 9 Tender Rigs 8 Tender Rigs Shareholdings…
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