Skip to main content Q1 2011 EARNINGS CALL – Seadrill Limited Investor Presentation | Shale Experts
Loading...
Pm

Q1 2011 EARNINGS CALL – Seadrill Limited

Seadrill Limited · May 27, 2011 · 23 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. Q1 2011 EARNINGS CALL – Seadrill Limited – slide 1
    Conference call Q1 2011 results May 27, 2011
  2. Q1 2011 EARNINGS CALL – Seadrill Limited – slide 2
    Contents Highlights 1Q 2011 1Q 2011 accounts Newbuild orders Market view Fleet status Dividend policy Summary 2
  3. Q1 2011 EARNINGS CALL – Seadrill Limited – slide 3
    Highlights First quarter 2011 EBITDA of US573m compared to US592m in the preceding quarter (ex gain on sale) Net income of US823m, including US477m in accounting gain on Seawell merger, and earnings per share of US1.84 Cash…
  4. Q1 2011 EARNINGS CALL – Seadrill Limited – slide 4
    Subsequent events Exercises our right to call the remaining US750 million of the 2012 convertible bond Repurchases 2.5 million of its own common shares Orders a new ultra-deepwater drillship at Samsung for an all-in cost of US600…
  5. Q1 2011 EARNINGS CALL – Seadrill Limited – slide 5
    Financial performance highlights Changed segment reporting, introduced Jack-up rigs as a separate segment Seawell, now renamed Archer deconsolidated February 23, 2011 EBITDA US573m (US592m) Earnings per share US1.84 per share…
  6. Q1 2011 EARNINGS CALL – Seadrill Limited – slide 6
    EBITDA contribution 6
  7. Q1 2011 EARNINGS CALL – Seadrill Limited – slide 7
    Operating Income 7
  8. Q1 2011 EARNINGS CALL – Seadrill Limited – slide 8
    Net Income 8
  9. Q1 2011 EARNINGS CALL – Seadrill Limited – slide 9
    Operating Income 9
  10. Q1 2011 EARNINGS CALL – Seadrill Limited – slide 10
    Operating Income 10
  11. Q1 2011 EARNINGS CALL – Seadrill Limited – slide 11
    Operating Income 11
  12. Q1 2011 EARNINGS CALL – Seadrill Limited – slide 12
    Operating Income 12
  13. Q1 2011 EARNINGS CALL – Seadrill Limited – slide 13
    Seadrill Balance Sheet 13
  14. Q1 2011 EARNINGS CALL – Seadrill Limited – slide 14
    Seadrill Balance Sheet 14
  15. Q1 2011 EARNINGS CALL – Seadrill Limited – slide 15
    Worldwide operations North Atlantic - 5 units Newbuilds - 14 units - 3 Semis - 1 Jack-up - 2 Semis - 1 Drillship - 3 Drillships - 2 HE jack-ups Americas - 9 units - 4 BE jack-ups Gulf of Mexico - 3 Tender rigs - 2 Semis…
  16. Q1 2011 EARNINGS CALL – Seadrill Limited – slide 16
    Newbuild portfolio increased by 5 units 1 HEJU ordered from Fleet development Jurong for US530m against 5 year contract with ConocoPhillips 1 ultra-deepwater drillships ordered on speculation from Samsung for US600 million 3…
  17. Q1 2011 EARNINGS CALL – Seadrill Limited – slide 17
    Market development Favorable oil price environment Brent Spot Price 160 140 Strong growth in E&P spending 120 100 US per barrel 80 Trend towards more challenging and 60 complex resources continues 40…
  18. Q1 2011 EARNINGS CALL – Seadrill Limited – slide 18
    US8.4 billion contract backlog - Floaters Staggered contract portfolio offers flexibility 18
  19. Q1 2011 EARNINGS CALL – Seadrill Limited – slide 19
    US2.4 billion contract backlog - Jack-ups Strong interest in premium rigs continues 19
  20. Q1 2011 EARNINGS CALL – Seadrill Limited – slide 20
    US1.8 billion contract backlog - Tender rigs Market support strong EBITDA margins 20
  21. Q1 2011 EARNINGS CALL – Seadrill Limited – slide 21
    Dividend distribution and policy Cash dividend resolved at US0.75 per share Increase reflects improved free cash flow and earnings visibility Future dividend depends on: Contract coverage Capital expenditure programs and other…
  22. Q1 2011 EARNINGS CALL – Seadrill Limited – slide 22
    Seadrill is uniquely positioned Diverse versatile fleet of brand new rigs Operations expanded to new geographical regions Strong operational performance Market prospects are improving for all asset classes Flexibility to meet…
  23. Q1 2011 EARNINGS CALL – Seadrill Limited – slide 23
    Asset portfolio Core fleet 50 units built after Y2000 10 built before Y2000 17 Ultra-Deepwater Units + 1 Mid-water semi 1 Mid-water Semi 20 High Specification Jack-ups 2 Jack-ups 12 Tender Rigs 7 Tender Rigs…

From the store

Browse maps, data & reports in the Shale Experts store