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Goldman Sachs Global Energy Conference – Atwood Oceanics Inc

Atwood Oceanics Inc · Jan 6, 2016 · 10 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. Goldman Sachs Global Energy Conference – Atwood Oceanics Inc – slide 1
    Goldman Sachs Global Energy Conference January 6, 2016 Rob Saltiel President and CEO 1
  2. Goldman Sachs Global Energy Conference – Atwood Oceanics Inc – slide 2
    Well-Positioned to Weather the Downturn Modern, high quality rig fleet Young fleet with average age of 4.5 years, excluding two older deepwater rigs Limited obsolescence risk Industry-leading performance and financial returns…
  3. Goldman Sachs Global Energy Conference – Atwood Oceanics Inc – slide 3
    Geographically Diverse and High-Spec, Mixed Fleet ATWOOD BEACON ATWOOD ADMIRAL Under Houston, Texas ATWOOD ACHIEVER ATWOOD ARCHER Construction ATWOOD CONDOR ATWOOD MAKO ATWOOD ADVANTAGE ATWOOD MANTA ATWOOD ORCA ATWOOD AURORA…
  4. Goldman Sachs Global Energy Conference – Atwood Oceanics Inc – slide 4
    The Atwood Advantage 1.14 Safety Leader Strong Operations 1.20 40% 35% 33% 1.00 Peer Group Average: 18% 30% 0.80 0.68 27% 26% 0.67 25% 0.58 22% 0.60 20% 20% 0.36* 17% 16% 16% 0.40 14% 0.28 15% 0.20 0.08 10% 0.06 0.04…
  5. Goldman Sachs Global Energy Conference – Atwood Oceanics Inc – slide 5
    Recent Atwood Marketing Successes Atwood Beacon 6 month extension in Italy at a blended rate (announced July 2015) Atwood Orca 9 month extension in Thailand at a blended rate (announced October 2015) Atwood Achiever 1 year…
  6. Goldman Sachs Global Energy Conference – Atwood Oceanics Inc – slide 6
    Diverse Client Relationships with Majors & Independents - Limited concentration risk & NOC exposure Rig 2015 2016 2017 (by calendar year) Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Ultra-Deepwater Atwood Advantage 584K 240K** 584K Noble Energy…
  7. Goldman Sachs Global Energy Conference – Atwood Oceanics Inc – slide 7
    Financial Flexibility No debt maturities until mid-2019 Revolving Credit Facility matures in May 2019 Senior Notes mature in February 2020 Restructured DSME delivery dates and payment structure for Atwood Admiral and Atwood Archer…
  8. Goldman Sachs Global Energy Conference – Atwood Oceanics Inc – slide 8
    Ample Liquidity Through at least FY 2017 - Flexibility for weathering the downturn Millions 1,400 94 Newbuild 1,200 250 156 Maintenance 1,000 605 140 930 Liquidity at 12/31/2015 715 800 600 400 600 200 115…
  9. Goldman Sachs Global Energy Conference – Atwood Oceanics Inc – slide 9
    Catalysts for Offshore Rig Market Recovery Drivers for increasing demand Oil price Improved drilling economics as well as costs decreases More attractive fiscal terms in international markets Opportunities for re-balancing supply…
  10. Goldman Sachs Global Energy Conference – Atwood Oceanics Inc – slide 10
    Well-Positioned to Weather the Downturn Operational excellence and cost control initiatives limit margin erosion Opportunities to extend work with existing clients Reducing costs without impacting safety or service Solid balance…

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