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Q1 2010 RESULTS – Seadrill Limited

Seadrill Limited · May 27, 2010 · 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. Q1 2010 RESULTS – Seadrill Limited – slide 1
    Conference Conferencecall call1Q 1Q2010results 2010 results May May 27,27, 2010 2010
  2. Q1 2010 RESULTS – Seadrill Limited – slide 2
    Contents Highlights 1Q 2010 1Q 2010 accounts Operational status and performance Fleet contract status Market outlook Dividend policy Strategy Summary 2
  3. Q1 2010 RESULTS – Seadrill Limited – slide 3
    Highlights first quarter 2010 EBITDA of US434 million compared to US486 million in the preceding quarter Earnings per share of US0.49 Regular dividend increased to US0.60 per share Takes delivery of the three newbuilds Awarded…
  4. Q1 2010 RESULTS – Seadrill Limited – slide 4
    EBITDA contribution US MILLION Quarterly EBITDA performance 4
  5. Q1 2010 RESULTS – Seadrill Limited – slide 5
    Mobile units 5
  6. Q1 2010 RESULTS – Seadrill Limited – slide 6
    Tender rigs 6
  7. Q1 2010 RESULTS – Seadrill Limited – slide 7
    Condensed income statement 7
  8. Q1 2010 RESULTS – Seadrill Limited – slide 8
    Balance sheet Total assets 8
  9. Q1 2010 RESULTS – Seadrill Limited – slide 9
    Balance sheet Liability and equity 9
  10. Q1 2010 RESULTS – Seadrill Limited – slide 10
    Worldwide operations 1 drillship newbuild at Samsung, Korea Europe - 5 units - 3 Semis 1 semi new- - 1 Jack-up builds at Jurong, - 1 Drillship Singapore 3+1 jack-up & GoM - 1 unit 1 semi-tender - 1 Semi newbuilds in…
  11. Q1 2010 RESULTS – Seadrill Limited – slide 11
    Average utilization rate deepwater newbuilds Performance closer to expectations 11
  12. Q1 2010 RESULTS – Seadrill Limited – slide 12
    Seven more newbuilds that secure growth Deepwater floaters - Drillship West Gemini 2Q2010 - Semi West Capricorn 4Q2011 Tender rigs - Semi-tender West Jaya 1Q2011 Benign environment Jack-ups - West Leda 3Q2010 - West Callisto…
  13. Q1 2010 RESULTS – Seadrill Limited – slide 13
    Investment in new harsh environment jack-up rig Gusto MSC CJ70 X150A design 150 meter water depth capacity Ultra-large harsh environment jack-up Yard price approximately US356 million Delivery scheduled end of 2Q2011 5-year…
  14. Q1 2010 RESULTS – Seadrill Limited – slide 14
    Deepwater market outlook Long-term market drivers intact as global oil basins mature and decline rates steepening Historical dayrates for ultra-deepwater rigs 700 Exploration for larger reserves taking 600 place in more…
  15. Q1 2010 RESULTS – Seadrill Limited – slide 15
    Contract backlog Strongest growth in backlog in our peer group 15
  16. Q1 2010 RESULTS – Seadrill Limited – slide 16
    US9.5 billion contract backlog - Floaters Superb earnings visibility 16
  17. Q1 2010 RESULTS – Seadrill Limited – slide 17
    US1.3 billion contract backlog - Jack-ups Improved market outlook 17
  18. Q1 2010 RESULTS – Seadrill Limited – slide 18
    US1.5 billion contract backlog - Tender rigs Balanced contract portfolio 18
  19. Q1 2010 RESULTS – Seadrill Limited – slide 19
    Dividend distribution and policy Dividend resolved at US0.60 per share, up from US0.55 Increase reflects significant improvement in earnings visibility and more favorable debt markets related to financing of our operations Future…
  20. Q1 2010 RESULTS – Seadrill Limited – slide 20
    Strategy Ambition to grow in fleet of premium assets Focus on operations with operation excellence Maintain financial leverage Distribution of cash dividends Develop current shareholdings Entertain further consolidation…
  21. Q1 2010 RESULTS – Seadrill Limited – slide 21
    Strong platform for growth 21

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