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Q2 2010 RESULTS – Seadrill Limited

Seadrill Limited · Aug 31, 2010 · 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. Q2 2010 RESULTS – Seadrill Limited – slide 1
    Conference call 2Q 2010 results August 31, 2010
  2. Q2 2010 RESULTS – Seadrill Limited – slide 2
    Contents Highlights 2Q 2010 2Q 2010 accounts Operational status and performance Fleet contract status Market outlook Dividend policy Strategy Summary 2
  3. Q2 2010 RESULTS – Seadrill Limited – slide 3
    Highlights second quarter 2010 EBITDA of US493 million compared to US434 million in the preceding quarter Earnings per share of US0.77 Regular cash dividend increased to US0.61 per share Acquires 7 jack-up rig company Scorpion…
  4. Q2 2010 RESULTS – Seadrill Limited – slide 4
    Acquisition of Scorpion 4
  5. Q2 2010 RESULTS – Seadrill Limited – slide 5
    EBITDA contribution 5
  6. Q2 2010 RESULTS – Seadrill Limited – slide 6
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  7. Q2 2010 RESULTS – Seadrill Limited – slide 7
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  8. Q2 2010 RESULTS – Seadrill Limited – slide 8
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  9. Q2 2010 RESULTS – Seadrill Limited – slide 9
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  10. Q2 2010 RESULTS – Seadrill Limited – slide 10
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  11. Q2 2010 RESULTS – Seadrill Limited – slide 11
    Worldwide operations Europe - 5 units Newbuilds - 4 units - 3 Semis - 1 Jack-up - 1 Drillship - 1 deepwater semi GoM - 1 unit - 1 HE jack-up - 1 Semi - 1 BE jack-up - 1 semi-tender Brazil/Trinidad - 7 units - 3 Semis - 1…
  12. Q2 2010 RESULTS – Seadrill Limited – slide 12
    Average utilization rate deepwater newbuilds Performance closer to expectations 12
  13. Q2 2010 RESULTS – Seadrill Limited – slide 13
    Market outlook Oil prices continue to trade in the mid-70s per barrel Long term market drivers intact as global oil Historical dayrates for ultra-deepwater rigs basins mature and decline rates increase/stay 700 high 600…
  14. Q2 2010 RESULTS – Seadrill Limited – slide 14
    US9.1 billion contract backlog - Floaters Superb earnings visibility 14
  15. Q2 2010 RESULTS – Seadrill Limited – slide 15
    US1.9 billion contract backlog - Jack-ups Sound market outlook for premium rigs 15
  16. Q2 2010 RESULTS – Seadrill Limited – slide 16
    US1.5 billion contract backlog - Tender rigs Improved market condition 16
  17. Q2 2010 RESULTS – Seadrill Limited – slide 17
    Dividend distribution and policy Quarterly dividend increased from 60 cent to 61 cent per share Increase reflects sound financial position, strong order backlog and earnings visibility as well as improving market conditions…
  18. Q2 2010 RESULTS – Seadrill Limited – slide 18
    Net interest bearing debt and dividend Rigs re-contracted at latest market dayrate UDW floaters 440 BE Jack-ups 120/130 Semi-tenders 150 Tender barges 90 Debt refinanced at similar terms No conversion has been assumed…
  19. Q2 2010 RESULTS – Seadrill Limited – slide 19
    Seadrill is uniquely positioned Brand new fleet of rigs Sound operations Global presence Strong contract backlog and earnings visibility Unique bank relationships Confidence and trust from the equity markets Track record…
  20. Q2 2010 RESULTS – Seadrill Limited – slide 20
    Strong platform for growth 20

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