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HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Atwood Oceanics Inc

Atwood Oceanics Inc · Mar 18, 2013 · 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. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Atwood Oceanics Inc – slide 1
    Howard Weil 41st Annual Energy Conference March 18, 2013 Rob Saltiel President and CEO 1
  2. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Atwood Oceanics Inc – slide 2
    Company Overview 3
  3. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Atwood Oceanics Inc – slide 3
    Transforming Atwood Oceanics Industry-leading safety performance coupled with consistent and reliable operational performance Top-tier revenue efficiency and strict cost control leading to: Best-in-class margins Leading…
  4. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Atwood Oceanics Inc – slide 4
    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…
  5. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Atwood Oceanics Inc – slide 5
    Steady Revenue Growth and Strong Margins 2007 - 2012 Atwood Condor and Atwood Mako delivered Millions 800 Atwood Osprey delivered Atwood Aurora delivered 787 700 Revenue EBITDA 651 645 600 587 500 527 400 403 372 390 359 300…
  6. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Atwood Oceanics Inc – slide 6
    Industry Leading Margins and Capital Returns for FY 2013 40% 35% ATW ESV 30% SDRL 25% Net Margins DO 20% RDC NE 15% RIG 10% 5% 0% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% Capital Return Note: The Bubble size…
  7. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Atwood Oceanics Inc – slide 7
    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…
  8. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Atwood Oceanics Inc – slide 8
    Growth Strategy 9
  9. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Atwood Oceanics Inc – slide 9
    Executing our Growth Strategy Maximize operating and financial performance from existing fleet to generate cash flow to fund growth Revenue efficiency Cost control Project Management Expand and renew rig fleet, emphasizing…
  10. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Atwood Oceanics Inc – slide 10
    Adding UDW and High Specification Rigs 2011 2015 Rig Fleet Additions 5 Ultra-Deepwater Floaters 3 High-Spec Jackups 3.8 Billion Investment Atwood Mako Atwood Manta Atwood Orca Atwood Osprey Atwood Condor Atwood Advantage…
  11. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Atwood Oceanics Inc – slide 11
    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…
  12. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Atwood Oceanics Inc – slide 12
    Market Outlook and Contracts 13
  13. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Atwood Oceanics Inc – slide 13
    Strong, Sustained Dayrate 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 UDW rig demand expected to grow…
  14. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Atwood Oceanics Inc – slide 14
    Accelerating High Spec Jack-Up Dayrate Outlook Jackup tenders up 22% over the past 4 months Driven by demand in the North Sea, Middle East, SE Asia and India Contract duration and lead times steadily increasing Currently at 387 and…
  15. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Atwood Oceanics Inc – slide 15
    Atwood Fleet Contract Status (by calendar year) 2013 2014 2015 Rig Class/Rig Customer Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Ultra-Deepwater Drillships Atwood Advantage Noble Energy 409K 584K Atwood Achiever Available Delivery mid-2014…
  16. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Atwood Oceanics Inc – slide 16
    Financial Considerations 17
  17. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Atwood Oceanics Inc – slide 17
    Future Capital Expenditures Fully Financed 2.0 billion1 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 available…
  18. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Atwood Oceanics Inc – slide 18
    Earnings Growth Through Newbuild Rig Deliveries Potential Incremental 6.25 Earnings Per Share from Newbuild Rig Deliveries* Atwood Condor Atwood Manta Atwood Achiever Atwood Admiral Atwood Mako Atwood Orca Atwood Admiral Atwood…
  19. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Atwood Oceanics Inc – slide 19
    Summary 20
  20. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Atwood Oceanics Inc – slide 20
    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…
  21. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Atwood Oceanics Inc – slide 21
    Thank You www.atwd.com www.atwd.com 22

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