2013 Credit Suisse Energy Summit February 5-6, 2013 Rob Saltiel President and CEO 1
Company Overview 3
Transforming Atwood Oceanics Industry leading safety performance Industry-leading coupled with consistent and reliable operational performance Top-tier Top tier revenue efficiency and strict cost control leading to: Best-in-class…
Delivering Shareholder Value Revenue Cost Project Efficiency Control Management Execution - Centralized maintenance and technical support 2011 - Consistent compliance - Atwood Osprey monitoring and issue Best-in-class Operating…
Industry Leading Margins and Capital Returns 35% ESV ATW SDRL ESV 30% SDRL ATW DO RDC 25% DO FY 13 RDC NE 20% RIG NE Net RIG FY 14 Margins 15% 10% 5% 0% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% Capital Return*…
Diversified Rig Fleet and Global Presence Atwoods fleet has a strong presence in Australia, Southeast Asia and West Africa ATWOOD ADVANTAGE ATWOOD BEACON Houston, Texas ATWOOD ACHIEVER ATWOOD ADMIRAL ATWOOD CONDOR ATWOOD…
Growth Strategy 9
Executing our Growth Strategy Maximize operating and financial performance from existing fleet to generate cash flow to fund growth Revenue efficiency Cost control Expand and renew rig fleet, emphasizing high-specification…
Newbuild Ultra-Deepwater A Class Drillships * Design and Capabilities 12,000 12,000ft.ft.water waterdepth depth capability capability Seven-ram Seven DP-3 DP ram BOP with acoustic package 3 positioning 1,250 ton main load…
Newbuild High-Specification Jackups Design and Capabilities Pacific Class Pacific Class (Baker (Baker Marine) Marine) 400400 design design 400 ft. 400 ft.water waterdepth depthcapability capability 750 ton 750…
Improving Revenue Quality 2011 vs. 2015 FY 2011 Revenue FY 2015 Revenue 9% 10% 20% 25% 55% 80% High Spec Jackups High Spec Jackups Other Other Ultra Deepwater Floaters Ultra Deepwater Floaters Source: Atwood…
Market Outlook and Contracts 15
Bullish Outlook for Ultra-Deepwater UDW day rates have risen rapidly as new discoveries and a bullish oil price outlook increase worldwide exploration and appraisal activity and support future development drilling projects UDW rig…
Favorable Jack-Up Outlook Bifurcation in both utilization and dayrates continues between high-specification and standard jack-ups Utilization differentiation currently around 10% Dayrate differentiation increasing Market outlook…
Atwood Fleet Contract Status (by calendar year) 2013 2014 2015 Rig Ri Class/Rig Cl /Ri Customer C t Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Ultra-Deepwater Drillships Atwood Advantage Noble Energy 409K 584K Atwood Achiever Available…
Financial Considerations 19
Future Capital Expenditures Fully Financed 2.0 billion* in remaining total ( millions) capital expenditures as of 1,000 January 1, 2013 900 Approximately 1.0 billion in contracted after tax cashflow 800 through 2015 is…
Earnings Growth Through Newbuild Rig Deliveries Potential P t ti l Incremental I t l 6.25 6 25 Earnings E i Per P Share Sh from f Newbuild N b ild Rig Ri Deliveries* D li i * Atwood Condor Atwood Manta Atwood Achiever Atwood…
Summary 22
The Atwood Advantage High-Quality Operating Fleet with Aggressive Growth Initiative Knowledgeable Attractive and Experienced Geographic Management Team Diversity Significant Strong Backlog Liquidity and with High Quality…
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