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GHS 100 ENERGY CONFERENCE – Noble Corporation plc

Noble Corporation plc · Jun 23, 2015 · 17 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. GHS 100 ENERGY CONFERENCE – Noble Corporation plc – slide 1
    Jeffrey L. Chastain Vice President Investor Relations and Corporate Communications GHS 100 Energy Conference June 23, 2015
  2. GHS 100 ENERGY CONFERENCE – Noble Corporation plc – slide 2
    Company Overview Why is Noble Well-Positioned to Manage Through the Industry Challenges Premium Fleet Mix Strong Contract Cover Reduced Capex Requirements Solid Balance Sheet and Excellent Liquidity Highly-Skilled Management 3
  3. GHS 100 ENERGY CONFERENCE – Noble Corporation plc – slide 3
    Company Overview Global Drilling Presence with Established Deep and Shallow Water Experience Global Fleet Composition 8 Semisubmersibles 15 Jackups including Corporate Headquarters - UK 1 under construction 9 Drillships U.S.…
  4. GHS 100 ENERGY CONFERENCE – Noble Corporation plc – slide 4
    Company Overview Revenues Diversified by Geography and Rig Type YTD March 31, 2015 Total Revenues 804 Million Revenues by Geography Revenues by Rig Type 6% 16% 41% 59% 11% 67% U.S. Outside U.S. Ultra-Deepwater…
  5. GHS 100 ENERGY CONFERENCE – Noble Corporation plc – slide 5
    Company Overview Diverse Base of Quality Customers Three Months Ended 3-31-15 Revenue Split by Top Customers Customer 51% 1. Shell 33% 2. Freeport-McMoRan 16% 3. Saudi Aramco 4. Anadarko Source: Noble as of March…
  6. GHS 100 ENERGY CONFERENCE – Noble Corporation plc – slide 6
    Company Overview Backlog Provides Excellent Visibility Backlog At March 31, 2015: 9.4 Billion Backlog by Client Estimated Annual Contribution Other 4 9.1% Anadarko 4.4% 3 Statoil 6.7% 2.4 2.3 2.2 2 1.5 Saudi Aramco…
  7. GHS 100 ENERGY CONFERENCE – Noble Corporation plc – slide 7
    Company Overview Strong Contract Coverage Percentage of Available Operating Days Floating Rigs 2015 78% Committed 2016 58% Committed Jackup Rigs 2015 77% Committed 2016 62% Committed Source: Noble as of March 31,…
  8. GHS 100 ENERGY CONFERENCE – Noble Corporation plc – slide 8
    Financial Guidelines ( Millions) 75% of notes mature in 2019 or later 35% in 2040 or later Manageable sized maturities can be repaid with cash flow or revolver Weighted average coupon is 5.0% Recent 1.1 billion Senior…
  9. GHS 100 ENERGY CONFERENCE – Noble Corporation plc – slide 9
    Financial Guidelines Medium-term financial guidelines support the strengthening of liquidity and maintaining investment grade rating Target Debt/Capitalization of between 35% and 40% Capitalization 1.1 billion of Senior notes sold…
  10. GHS 100 ENERGY CONFERENCE – Noble Corporation plc – slide 10
    What Differentiates Noble Composition of Backlog Timing of Newbuild Completions Unique Rig Designs Management Experience 11
  11. GHS 100 ENERGY CONFERENCE – Noble Corporation plc – slide 11
    Facts Regarding the Noble Backlog Approximately 60% with Shell 7 UDW floaters, 1 Arctic-class drillship, 1 high-spec jackup Concluded negotiations with Saudi Aramco 5 jackups No exposure to PEMEX IOC exposure Cancellation for…
  12. GHS 100 ENERGY CONFERENCE – Noble Corporation plc – slide 12
    What Differentiates Noble Composition of Backlog Timing of Newbuild Completions Unique Rig Designs Management Experience 13
  13. GHS 100 ENERGY CONFERENCE – Noble Corporation plc – slide 13
    Completion of Shipyard Program Drives Well-Timed Capex Reduction 3 3 2 2 4 1 ( Billions) 3 Annual Capex(1) 2.1 2.1 2 1.9 1.2 .900 - 1.0 1 .585 0 2011 2012 2013 2014 2015(P) 2016(P) (1) Totals prior to 2015…
  14. GHS 100 ENERGY CONFERENCE – Noble Corporation plc – slide 14
    What Differentiates Noble Composition of Backlog Timing of Newbuild Completions Unique Rig Designs Management Experience 15
  15. GHS 100 ENERGY CONFERENCE – Noble Corporation plc – slide 15
    What Differentiates Noble Composition of Backlog Timing of Newbuild Completions Unique Rig Designs Management Experience 16
  16. GHS 100 ENERGY CONFERENCE – Noble Corporation plc – slide 16
    What Does Industry Leadership Look Like The Right Assets Excellent Visibility Solid Operations Execution Strong Balance Sheet and Access to Liquidity Experienced Management Flexible Cash Allocation Strategy 17
  17. GHS 100 ENERGY CONFERENCE – Noble Corporation plc – slide 17
    Noble Corporation plc Devonshire House 1 Mayfair Place London W1J 8AJ England www.noblecorp.com Investor contacts: Jeffrey L. Chastain Vice President Investor Relations 281-276-6383 John S. Breed Director Investor Relations…

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