David W. Williams Chairman, President and Chief Executive Officer Barclays CEO Energy-Power Conference September 3, 2014
Noble Highlights Established name in drilling dating back to 1921 with offshore operations since 1940 Spin-off of 42 standard capability rigs largely completes fleet transformation plan 35-rig fleet focused predominately on…
Financial Performance Through the Cycle Unaudited ProForma Financials ( millions) Total Revenues ( millions) Operating Income 3,000 2,000 2,500 2,200 2,000 1,600 1,400 1,000 622 694 1,000 484 272 0 0 2011 2012 2013…
Company Overview Global Drilling Presence with Established Deep and Shallow Water Experience Global Fleet Composition 11 Semisubmersibles Corporate Headquarters - UK 9 Drillships including 1 under construction U.S. Operations 15…
Improved Competitive Positioning
Successful Transition to Premium Asset Base Revenue Dominated by High-Spec Assets Contract Drilling Revenues by Asset Type 2009(A) 2016(P) 2016(P) Ultra Deepwater Other Floater Standard Jackup High-Spec Deepwater High-Spec…
Large Backlog Providing Excellent Visibility Pro Forma At June 30, 2014: 11.1 Billion Backlog by Client Estimated Annual Contribution 4 2.9 3 2.3 2.1 2 1.5 1.4 0.9 1 0 2014 2015 2016 2017…
Significant Backlog Coverage Offers Buffer in Cyclical Weakness Backlog/Market Cap Backlog/Rig Source: Industry Filings and Thomson Reuters 10
Limited Floating Rig Exposure to Near-Term Market, With Availability in Outer Years Percentage of Available Operating Days Noble Fleet 2014 2015 2016 27% 38% 54% 54% 46% 73% 62% Committed to Contracts Uncommitted to…
Limited Jackup Exposure Through 2015 Percentage of Available Operating Days Noble Fleet 2014 2015 2016 11% 23% 30% 77% 70% 89% Committed to Contracts Uncommitted to Contracts Source: Noble PostSpin as of June 30,…
20 Floating Rigs Contract Visibility 8 rigs contracted to mid 2017 or later, including 3 rigs contracted beyond 2020 (1) (1) January July January July January July 2014 2014 2015 2015 2016 2016 (1) Newbuild…
15 Jackup Rigs Contract Visibility (1) Average contract length (1) of 20 months per rig (1) (1) (1) (Formerly CJ70) January July January July January July 2014 2014 2015 2015 2016 2016 (1) Newbuild…
Offshore Market Status Excess rig supply and declining utilization in floater sector currently leading dayrates lower, although a leveling of rates could occur in first half of 2015 Believe there are early signs of improvement which…
Capital Allocation Flexibility
Well-Timed Shipyard Program Winding Down 2013 2014 Globetrotter II Noble Noble Noble Noble Noble Don Taylor Bob Douglas Houston Colbert Sam Croft Tom Madden Noble Noble Noble Noble Noble Mick OBrien Regina Allen Sam…
Significant Aspect of Fleet Transformation 11 Billion in Capital Committed or Spent To Date New Rig Deliveries by Year and Newbuild Capex Newbuild Capex Rig Additions ( Millions) 7 2,000 Rigs Added: 12 Semis and Drillships 1.7…
Capital Allocation Where we have been: Where we are going: Dominated by newbuild Evaluate further fleet program enhancements Disciplined approach to Expect to maintain dividend dividend level through industry pause Retirement of…
Capital Allocation Where we have been: Where we are going: Dominated by newbuild Evaluate further fleet program enhancements Disciplined approach to Expect to maintain dividend dividend level through industry pause Retirement of…
Final Thought: Long-Term Industry Fundamentals Intact Steady commodity price environment Extended period of geologic success Deepwater drilling broadening geographically Growing backlog of field development projects Numerous…
Noble is Favorably Positioned for Success Spin-off of Paragon is complete 35-rig fleet is younger, more versatile premium assets Well-timed newbuilds with exceptional program execution Excellent contracts in place, producing a…
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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