Raymond James 31st Annual Institutional Investors Conference Presented by: y Rob Saltiel President and CEO Jim Holland Senior Vice President and CFO March 2010 www.atwd.com 1 Customer Presentation
Atwood Strategy Operate p a high-quality g q y fleet of offshore drilling g units Provide safe, reliable and efficient services (for 40+ years) Cultivate strong client relationships Focus on attractive international and…
Current Atwood Fleet WATER DEPTH RIG TYPE (FEET) SEMISUBMERSIBLES 5,000 ATWOOD HUNTER 5,000 ATWOOD EAGLE 5,000 ATWOOD FALCON 2,000 ATWOOD SOUTHERN CROSS ATWOOD SOUTHERN CROSS UNDER CONSTRUCTION 6,000/8,000 ATWOOD OSPREY…
Global Footprint / International Leverage Great Yarmouth ATWOOD AURORA Corporate Headquarters ATWOOD SOUTHERN CROSS Malta Cairo RICHMOND ATWOOD HUNTER VICKSBURG Kuala Lumpur ATWOOD OSPREY SEAHAWK DP SEMISUBMERSIBLE…
Market Perspective Floaters Ultradeepwater rigs remain fully utilized despite newbuild arrivals Some near-term weakness in deepwater segment Midwater should rebound with commodity prices and financial stability Sublet activity in…
Summary of Current Contract Commitments 2011 2012 2013 2014 CURRENT OPERATION ATWOOD HUNTER ATWOOD FALCON ATWOOD EAGLE ATWOOD AURORA SEAHAWK ATWOOD BEACON VICKSBURG RICHMOND CURRENT IDLE ATWOOD SOUTHERN CROSS UNDER…
Estimated Backlog of Revenues From Term Contract Commitments ((mm)) ((As of March 1, 2010)) 1,600 1,520 1 400 1,400 1,200 1,000 800 600 525 5 5 400 370 360 265 200 0 MAR. 2010 THRU SEP. FY 2011 FY 2012 FY 2013/2014…
Financial Upside ESTIMATED CONTRACTED (AFTER TAX) OPERATING CASH FLOWS AS OF MARCH 1, 2010 Floating Drilling Units 850 Million Bottom Supported Drilling Units 30 Million Total 880 Million 9 March 2010
Capital Investment For Enhancement of Fleet (mm) 2,500 2 095 2,095 2,000 1,500 1,375 , 1,000 410 500 310 0 UPGRADES (7 RIGS) 2 NEWBUILD JACKUPS 2 NEWBUILD DW TOTAL INVESTMENTS 2002-2007 2003/2008 FLOATERS 2002 - 2012…
New Addition to the Atwood Fleet ATWOOD OSPREY Friede & Goldman ExD Millennium Design Conventionally Moored for up to 6,000 6 000 Feet with Own Mooring Equipment and 8,200 Feet with Pre-Laid Mooring Equipment Fl ibl Mooring…
New Addition to the Atwood Fleet ATWOOD OSPREY Construction Costs (Including Capitalized Interest and Project Management) g ) Around 625 Million Target Delivery Early 2011 Expected Earnings Per Share Impact - Dayrate…
New Addition to the Atwood Fleet Dynamically Positioned Semisubmersible Friede & Goldman ExD Millennium Design Dynamically Positioned for drilling in up to 10,000 feet of water Enhanced Completion Flexibility 2 Million Pound Hook…
New Addition to the Atwood Fleet Dynamically Positioned Semisubmersible Construction Costs (Including Capitalized Interest and Project Management) Around 750 Million T Target t Delivery D li Mid 2012 Potential Earnings Per…
Flexible Financial Position for Potential Growth Opportunities pp Capital p Requirements q Total cost of deepwater newbuild program: 1.375 billion Less payments already made: 660 million Equals outstanding payments on deepwater…
Thank you Investor Relations Contact Jim Holland SVP & CFO Telephone: 281-749-7804 281 749 7804 jhollandatwd.com NYSE: ATW 16 Customer Presentation
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