Agenda 1. Company Overview 2. Market Outlook 3. Summary 4. Q&A 3
1. Company Overview
Awilco Drilling PLC Aberdeen-based drilling contractor, WilPhoenix established in December 2009 Friede & Goldman L-907 Enhanced Pacesetter Owning and operating two refurbished Built in 1982 mid-water semi submersibles in the…
Contract Status Current Backlog USD 478 million* AWILCO DRILLING PLC CONTRACT STATUS 2015 2016 Feb March April May June July Aug Sept Oct Nov Dec Jan Feb March April May June July Aug Sept Oct Nov Dec WILHUNTER : Hess 385,000…
Q4 2014 Income Statement Condensed statement of comprehensive income in USD thousands, except earnings per share Full Year Full Year Q4 2014 2014 Q4 2013 2013 (unaudited) (unaudited) (unaudited) (audited) Contract revenue 70,116…
Q4 2014 Balance Sheet Condensed statement of financial position in USD thousands 31.12.2014 31.12.2013 (unaudited) (audited) Rigs, machinery and equipment 251,165 245,279 Deferred tax asset 2,486 2,763 253,651 248,042 Trade…
Performance and Ability to Return Cash to Shareholders High operational performance in 2014, with revenue efficiency of 98.7 % Continued positive customer feedback, driving contract backlog Full Year 2014 Revenue USD 272 million…
Operational Performance Very good operational performance in Q4 with 99.0 % operational uptime Continued positive customer feedback Opex in Q4 lower than guidance Favourable exchange rates Increased focus on cost discipline…
4. Market Outlook
Falling Dayrates and Low Contracting Activity in the UK market Source: Fearnley Fonds and IHS Petrodata 12
Up to 6 Rigs Available for New Contracts during 2015 UK FLOATER MARKET CONTRACT STATUS 2015 2016 Company Rig name Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec GSF Arctic III Sedco 704…
Timing of Return to Higher Activity Levels is Uncertain Significant market change during the quarter due to sharply falling oil price Prompt reaction from Operators with reductions in current and planned expenditure Continued low…
5. Summary
Summary Total dividend for 2014 was USD 4.45 Revenue efficiency during 2014 was 98.7 %, continued focus on operational efficiency SPS and Yard Stay Projects Planning continues Solid contract backlog of USD 478 million, with close…
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