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UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd.

Transocean Ltd. · May 22, 2012 · 20 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. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 1
    Transocean Ltd. UBS Global Oil & Gas Conference May 22, 2012 1 www.deepwater.com www.deepwater.com
  2. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 2
    Transocean is the Industry Leader Worlds largest offshore contract driller Largest fleet in all asset classes Operate in all markets worldwide Significant relationships across the customer spectrum Positioned to lead Premier…
  3. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 3
    Key Investment Highlights Industry leader committed to customers, employees, and shareholders Backlog provides long-term visibility Well positioned to capture global opportunities in an improving market Standard High-Spec Ultra-…
  4. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 4
    Strategy to Lead in Offshore Resource Development Customer Technical Our People Global Reach Relationships Expertise Transocean 5 www.deepwater.com 5
  5. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 5
    Commitment to Drive Shareholder Value Return Excess Capital Cash to Investment Shareholders Debt Margin Reduction Improvement 6 www.deepwater.com 6
  6. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 6
    Strategic Objectives Continue to improve operational performance Reinforce balance sheet to maintain financial flexibility Equity offering Debt offering Suspension of dividend Balance sheet objectives Targeted cash levels: 3B to…
  7. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 7
    Operational Imperatives We are focused on delivering superior operating performance: Revenue efficiency Technical improvements Improved contract terms Historic levels believed achievable but progress will likely be gradual and…
  8. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 8
    Largest Worldwide Rig Fleet Rigs Under Construction 135(1) 140 Ultra-Deepwater Floaters 6 Deepwater Floaters 120 Midwater Floaters 29 (4) Jackups 100 18 80(2) 77(2) 80 6 28 11 12 60 11 8 9 48 6 45(3) 5 4 40 8 5 13 53…
  9. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 9
    Diversified Revenue Source 1Q 2012 Revenues - 2.3 billion By Asset Class(4) By Customer 12% 33% 20% 30% 11% 51% 37% 3% 3% Ultra-Deepwater Deepwater Integrated NOC Independent Midwater Jackups ADTI Other 10…
  10. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 10
    Strong Backlog Total Contract Revenue Backlog - 20.6 billion(5) Ultra-Deepwater Floaters (US billions) 6.6 Deepwater Floaters 7.0 6.5 Midwater Floaters (4) 6.0 Jackups 5.0 3.4 4.1 4.0 3.6 3.9 3.0 0.9 2.3 0.8 2.9 2.0…
  11. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 11
    Fleet Management: Create Opportunities & Drive Returns Core, strategic asset portfolio 1. Ultra-deepwater 2. Harsh Environment 3. High-spec Jackups 4. High-quality floaters and jackups Acquire, build, divest and / or spin-off…
  12. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 12
    Considerable Leverage to Improving Dayrates Fleet Availability (8) High-Specification Floaters Midwater Floaters High-Specification Jackups 96% 100% 90% Standard Jackups 84% 90% 82% 78% 74% 75% 80% 69% 70% 62% 60% 56% 60% 50%…
  13. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 13
    Strong Jackup Demand Leading to Reactivations Transocean Fleet(1) - 53 Key Market Drivers Demand and dayrates are increasing 13 Continuing demand growth is: Absorbing uncontracted newbuilds Increasing dayrates for standard units 40…
  14. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 14
    Midwater Market Activity and Dayrates Improving Transocean Fleet(1) - 28 Key Market Drivers No influx of newbuilds 7 Demand continues to increase Active areas include UK, Norway, India and Southeast Asia 21 Multiple opportunities…
  15. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 15
    Deepwater Demand Continues to Improve Transocean Fleet(1) - 18 Key Market Drivers Strong UDW utilization has positive impact on DW 5 Demand continues to increase Strong demand in West Africa, Australia and Southeast Asia 13 5…
  16. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 16
    Ultra-Deepwater Market is Robust Transocean Fleet(1) - 29 Key Market Drivers 0 2012 availability is almost absorbed Petrobras expected to contract more units 29 Demand and dayrates increasing Customers urgently pursuing available…
  17. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 17
    Long-Term Ultra-Deepwater Outlook is Positive Kara Sea Barents Sea Norway Black Sea / Turkey China Israel USGOM Mexico India Liberia Philippines Cote dIvoire Sierra Leone Ghana French Guiana Nigeria Indonesia Gabon…
  18. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 18
    Macondo Update Favorable Court Decisions Insurance Indemnity Oil Pollution Act (OPA) Clean Water Act (CWA) Recent Developments Civil Criminal Contingent Liability Anticipated Timeline November 8, 2012 Court will consider…
  19. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 19
    Key Investment Highlights Industry leader committed to customers, employees, and shareholders Backlog provides long-term visibility Well positioned to capture global opportunities in an improving market Standard High-Spec Ultra-…
  20. UBS GLOBAL OIL AND GAS CONFERENCE – Transocean Ltd. – slide 20
    Transocean Ltd. UBS Global Oil & Gas Conference May 22, 2012 21 www.deepwater.com www.deepwater.com

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