Barclays CEO Energy-Power Conference Daniel W. Rabun Chairman, President & CEO 7 September 2011 1
Profile Worlds second largest offshore drilling fleet Wide range of enhanced drilling technologies drillships, semisubmersibles, premium jackups Strategic, high-growth markets Broad customer base Strong financial position…
Industry Leader in Customer Satisfaction Rated 1 Rated 1 Total Satisfaction International Health, Safety & Environment North Sea Job Quality Asia & Pacific Rim Performance & Reliability Latin America & Mexico Deepwater Drilling…
Worlds 2nd Largest Offshore Rig Fleet RIG 137 ESV 75 NE 69 DO 49 SDRL 43 RDC 33 Source: ODS Petrodata 15 August 2011 Numbers include competitive industry-wide semisubmersibles, drillships and 5 premium jackups,…
Wide Range of Advanced Drilling Rigs 7 13 7 48 ULTRA-DEEPWATER DYNAMICALLY POSITIONED MOORED PREMIUM DRILLSHIPS SEMISUBMERSIBLES SEMISUBMERSIBLES JACKUP RIGS Note: Includes rigs under construction or on order. 6
2nd Youngest Deepwater Fleet ( 4,500) Avg. Age of Fleet Years 26 18 16 7 4 SDRL ESV RIG NE DO Source: ODS Petrodata 15 August 2011 Deepwater includes competitive semisubmersibles and drillships able to drill in…
Newest Ultra-Deepwater Fleet ( 7,500) Avg. Age of Fleet 20 Years 10 7 3 2 ESV SDRL RIG NE DO Source: ODS Petrodata 15 August 2011 Ultra-deepwater includes competitive semisubmersibles and drillships able to drill…
Benefits of Uniform Design ENSCO Samsung DP-3 Megathyst 8500 Series Drillships Semisubmersibles Shipyard Common Equipment Training Repair & Maintenance Spare Parts 9
Largest Active Premium Jackup Fleet ESV 41 NE 36 RIG 36 RDC 27 SDRL 16 DO 9 Source: ODS Petrodata 15 August 2011 Premium jackups include competitive, 250 and larger independent-leg rigs, harsh 10 standard…
Premium Jackup Fleet Overview 1 billion+ invested in existing jackup fleet since 2005 More 400 water depth jackups than any other driller Newbuild ultra-premium harsh environment jackups 2011 Jackup Utilization 90% 77% 80%…
Organic Growth from Newbuild Program 14 Delivered Under Construction 4 3 2 2 2 2 1 1 1 1 1 2004 2005 2006 2007 2008 2009 2010 2011 YTD 2011 2012 2013 Semisubmersibles Premium jackups Drillships Source: ODS…
Broad Geographic Reach Europe & Mediterranean Semi 1 U.S. Gulf of Mexico Jackups 9 Ships 2 Semis 3 Jackups 11 Middle East Jackups 11 Africa Mexico Ships 2 Jackups 4 Semis 2 Jackup 1 Brazil Ships 1 Asia Pacific Semis 10 Under…
Safe Operations Ensco Industry 1.2 1.0 0.8 TRIR 0.6 0.4 0.2 0.0 2006 2007 2008 2009 2010 2011 YTD TRIR = Total recordable incident rate. IADC industry stats are 2Q11 for U.S., S. America, Middle East, Asia Pacific,…
Integration of Pride International Executive Management Committee (EMC) Integration Leadership Team (ILT) Functional Integration Teams Eng, Supply Technical Internal Enterprise Operations Marketing Cap Proj, SHE IT…
Revenue Synergies More Customers X More Markets X More Rig Types Revenue Opportunities 18
Pride Acquisition Cost Synergies 100 million of expense synergies in 2012 50 million G&A 50 million contract drilling expense 150 million of synergies in 2013 120 million of expense synergies 30 million of capital expenditure…
Strong Financial Position More than 9 billion of contracted revenue backlog Baa1/BBB+ ratings from Moodys/S&P 32% long-term debt to total capital 1.8 billion available in revolving credit facilities As of 30 June 2011 20
Capital Management Maintain Flexibility 0.35 per share quarterly cash dividend Revenue backlog/projected cash flows support newbuild program and debt maturities Diversification: fleet, markets, customers Competitive weighted…
Summary Industry leader in customer satisfaction Worlds second largest offshore driller Wide range of enhanced drilling technologies Strategic, high-growth markets Broad customer base Strong financial position 22
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