Cowen and Company 5th Annual Ultimate Energy Conference New York December 1, 2015 Jeremy Thigpen, President and Chief Executive Officer
Recent Accomplishments Continued improvement across key safety metrics Operational Revenue efficiency at or above 95% for 6 of the last 7 quarters Sustained improvements in cost structure and margins Improvement Rationalized headcount…
Sustained Operational Out-Performance 3Q15 adjusted earnings of 0.87/share on revenues of 1.6 billion Revenue Efficiency Revenue, Adjusted EBITDA & Costs Average Revenue Efficiency 95.2% 100% 3,000 70% 95% 60% 2,400 50% 90%…
Industry Leading Execution Focus on personal and process safety Reducing non-productive time Better planning, improved reliability, lower spend Deliver more wells in record time 5
Global Market Leader 27 Ultra-Deepwater 7 Harsh Env. 6 Deepwater 12 Midwater 10 Jackup Transocean fleet composition as of 10/26/15 Fleet Status Report 6
Industry Leading Contract Backlog Total backlog - 16.9 billion* 7.0 6.6 6.0 6.0 Backlog recognized through October 31, 2015 (US billions) 5.0 4.0 4.0 5.6 3.0 6.0 2.7 2.5 1.9 2.0 1.5 2.0 1.0 0.5 1.7 0.6 1.4…
Challenging Market Oil prices at post-2009 lows and rig market is oversupplied rig fleet transformation in progress Ultra-Deepwater Deepwater Midwater High-Spec Jackups Global fleet utilization Global fleet utilization Global…
Future Imbalance From Depressed Oil Prices 50 oil: supply and demand could be in balance in 2015, incremental demand incremental supply 70/bbl but supply destruction in out-years is unsustainable mmb/d incremental supply 90/bbl…
Future Demand Requires Offshore Development Crude & Condensate Production [mmb/d] Incremental production growth through 2020 requires significant investment, both offshore and onshore Offshore New Projects 6.8 0.4 NAm Onshore…
Rig Attrition Key to Rebalance the Market Marketed Utilization (average last 12 months) Contract Status & Expected Demand 2011-2018 All Floaters - Worldwide 7500+ 89.2% 4500-7500…
Investing in the Fleet High Specification Assets 18 Newbuilds Added 2009-2014 12 Newbuilds in Pipeline 2015-2020 11 UDW Drillships 7 UDW Drillships 3 UDW Semisubmersibles 5 HS Jackups 4 HS Jackups 12B Investment 7B Investment…
The Path Forward Transocean will: Deliver the safest, most efficient drilling services Continue to focus on producing strong operating results through: o Strengthening customer relationships o Delivering best-in-class uptime and…
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