Barclays Capital CEO Energy Power Conference – Noble Corporation plc Investor Presentation | Shale Experts

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Barclays Capital CEO Energy Power Conference – Noble Corporation plc

Noble Corporation plc · Sep 9, 2015 · 25 slides

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Slides

David W. Williams Chairman, President and Chief Executive Officer Barclays CEO Energy-Power Conference September 9, 2015
Best Positioned Offshore Driller Premium Fleet Strong Operations Execution Solid Balance Sheet and Liquidity Flexible Cash Allocation Strategy Managing Cyclical Weakness 3
Company Overview 9 Drillships 8 Semisubmersibles 15 Jackups 8 UDW, DP 3 UDW, DP 6 added since 2012 8 added to fleet since 2011 5 conv. moored, UDW, DW 3 added since 2007 1 under construction Current Status: Contracted: 9 5 15…
Company Overview Global Drilling Presence with Established Deep and Shallow Water Experience Global Fleet Composition Corporate Headquarters - UK U.S. Operations 1 3 1 8 6 4 1 1 1 1 1 1 1 1 1 Source: Noble as of…
Company Overview Revenues Diversified by Region and Rig Type YTD June 30, 2015 Total Revenues 1.6 Billion Revenues by Region Revenues by Rig Type 6% 16% 11% 67% Ultra-Deepwater Floaters Deepwater Floaters High-Spec…
Company Overview Diverse Base of Quality Customers YTD June 30, 2015 Revenue Split by Top Customers Customer 51% 1. Shell 33% 2. Freeport-McMoRan 16% 3. Saudi Aramco 4. Anadarko Source: Noble as of June 30, 2015 7
Strong Operations Execution 8
Strong Operations Execution Reduction in Fleet Downtime Percent of Total Downtime per Quarter 11.0% 10.5% 9.0% 7.4% 7.0% 5.0% 4.4% 3.9% 3.0% 9
Strong Operations Execution Successful Cost Management Efforts Contract Drilling Costs Per Available Day ( Thousands) 150 139.4 Drivers 140 135.2 Reduction in: Labor Costs 130 Idle Rig Costs 117.8 - 123.2 Operations Support…
Strong Operations Execution Margin Preservation Contract Drilling Margin per Quarter 60.0% 58.7% 58.6% 55.0% 52.4% 50.4% 50.0% 45.0% 11
Strong Operations Execution Two Important Keys Driving Improved Operations Execution: Noble NEXT Center Long-Term Focus on Subsea Operations 12
Strong Operations Execution 13
Solid Balance Sheet and Liquidity 14
Solid Balance Sheet and Liquidity Manageable Debt Maturities Debt/Total Capitalization ( Millions) 41.0% 40% 40% 40% 40% 40.0% or less 39.0% Target Range 35% 38.0% to 40% 37.0% 37% 36.0% 35.0% 15
Solid Balance Sheet and Liquidity Liquidity Improvement Supported by Strong Operations Liquidity Components: ( Billions) Cash ( 6/30/15) 248 3.0 2.9 5-year RCF 2,445(1) 2.7 1-year RCF 225(2) 2.5 or greater 2.5 2.0 2.0…
Flexible Cash Allocation Strategy 17
Positive FCF and Flexible Cash Allocation Strategy Dividend Share Repurchase Debt Retirement Premium Fleet Expansion 18
Managing Cyclical Weakness 19
Managing Cyclical Weakness Solid Contract Visibility 17 Floating Rigs Cold stacked 8 rigs contracted into 2017 Idle or later, including 3 rigs contracted beyond 2020 12/31/14 6/30/15 12/31/15 6/30/16 12/31/16 6/30/17…
Managing Cyclical Weakness Solid Contract Visibility 15 Jackup Rigs Available Construction project complete 2Q16 12/31/14 6/30/15 12/31/15 6/30/16 12/31/16 6/30/17 12/31/17 21
Managing Cyclical Weakness Solid Contract Coverage Percentage of Available Operating Days Floating Rigs 2015 78% Committed 2016 58% Committed 35% 2017 Committed Jackup Rigs 2015 80% Committed 2016 68% Committed 2017…
Managing Cyclical Weakness Backlog Provides Excellent Visibility Backlog At June 30, 2015: 8.7 Billion Estimated Annual Contribution Backlog by Client Other 4 8.8% Anadarko 4.2% 3 Statoil 2.5 7.3% 2.2 2 1.5 1.5 Saudi…
Managing Cyclical Weakness Declining Capex 3 3 2 2 4 ( Billions) 3 Annual Capex(1) 2011-2014 Avg. - 2.0 billion 2.1 2.1 2 1.9 1.2 1 2Q15 .585 Guidance Down .525 60mm 0 2011 2012 2013 2014 2015 (P) (1) Totals…
Extending a 95-Year Legacy Operational Performance Financial Discipline Position for Advantage 25
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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