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March 2016 Scotia Howard Weil Investor Presentation – Transocean Ltd.

Transocean Ltd. · Mar 22, 2016 · 20 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. March 2016 Scotia Howard Weil Investor Presentation – Transocean Ltd. – slide 1
    Scotia Howard Weil New Orleans March 2016 Jeremy Thigpen, President and Chief Executive Officer
  2. March 2016 Scotia Howard Weil Investor Presentation – Transocean Ltd. – slide 2
    Challenging Market Commodity Prices Nothing works at 30/bbl 140 O&G exploration programs cut due to current low oil prices Growing sentiment of lower oil prices for longer 120 E&P companies focusing on preserving cash and low…
  3. March 2016 Scotia Howard Weil Investor Presentation – Transocean Ltd. – slide 3
    Challenging Market Low oil prices rig market is oversupplied reduced drilling demand Ultra-Deepwater Deepwater Midwater High-Spec Jackups Global fleet utilization Global fleet utilization Global fleet utilization Global fleet…
  4. March 2016 Scotia Howard Weil Investor Presentation – Transocean Ltd. – slide 4
    Strong Financial Position 15.5 billion backlog provides solid cash-generation foundation 5.3 billion total liquidity at December 31, 2015 2.3 billion cash 3.0 billion undrawn revolving credit facility Continued strong operating…
  5. March 2016 Scotia Howard Weil Investor Presentation – Transocean Ltd. – slide 5
    Industry Leading Contract Backlog Total backlog - 15.5 billion* (90% Investment Grade Cos.) 7.0 6.0 6.0 (US billions) 5.0 Backlog recognized through January 31, 2016 4.0 3.8 0.4 3.0 2.6 6.0 2.3 2.0 2.0 1.5 3.4 2.1…
  6. March 2016 Scotia Howard Weil Investor Presentation – Transocean Ltd. – slide 6
    Substantial Liquidity 12 Projected liquidity at 11 December 31, 2017 10 9 2.2-3.2B* 8 7 2.0B* (US billions) 6 3.0B 1.6B 5 4.0-5.0B* 4 3 2.3B 2 1 0 Cash at 12/31/15 Revolving Credit Operations Cash Flow CapEx…
  7. March 2016 Scotia Howard Weil Investor Presentation – Transocean Ltd. – slide 7
    Global Footprint and Diverse Fleet 28 Ultra-Deepwater 7 Harsh Env. 5 Deepwater 11 Midwater 10 Jackup Transocean fleet composition as of 10/26/15 Fleet Status Report 8
  8. March 2016 Scotia Howard Weil Investor Presentation – Transocean Ltd. – slide 8
    Extensive Customer Network
  9. March 2016 Scotia Howard Weil Investor Presentation – Transocean Ltd. – slide 9
    Unmatched Experience Transocean Comprehensive drilling operations database Competitor 1 Includes 4,000 offshore wells drilled since 2010 Competitor 2 (1,000 UDW wells) Competitor 3 Activity in all major worldwide UDW basins Extensive…
  10. March 2016 Scotia Howard Weil Investor Presentation – Transocean Ltd. – slide 10
    Using Crew Data to Improve Drilling Performance Efficiency Tracking and Analysis Efficiency Tracking and…
  11. March 2016 Scotia Howard Weil Investor Presentation – Transocean Ltd. – slide 11
    Using Well Data to Improve Drilling Performance 12
  12. March 2016 Scotia Howard Weil Investor Presentation – Transocean Ltd. – slide 12
    Proof of Performance Polar Pioneer: Arctic Campaign (Shell) Drilled and logged exploration well in one summer season Achieved an injury and incident free drilling campaign under intense public scrutiny Less than 5% downtime…
  13. March 2016 Scotia Howard Weil Investor Presentation – Transocean Ltd. – slide 13
    Improving Equipment Reliability and Uptime BOP Non-productive Time 75% reduction in BOP-related downtime Non-productive time below 2% Performance driven by Transocean / OEM collaboration Focus moves to other critical…
  14. March 2016 Scotia Howard Weil Investor Presentation – Transocean Ltd. – slide 14
    Proof of Performance Revenue Efficiency 2015 Average Revenue Efficiency 96% 100% 95% UDW revenue efficiency 90% averaged 95% in 2014 and 2015 Continued progress from current 85% initiatives; focus on operational excellence…
  15. March 2016 Scotia Howard Weil Investor Presentation – Transocean Ltd. – slide 15
    Aligning with Customers Actual drilling days: 26.6 AFE days:34 0 5 10 15 20 25 30 35 0 500 350k/d = Market rate 1000 50k/d Malus applied 300k/d = Dayrate x [AFE/Actual] 1500 384k/d = Actual rate w/ 50% bonus opportunity 2000…
  16. March 2016 Scotia Howard Weil Investor Presentation – Transocean Ltd. – slide 16
    Transforming Transocean 17
  17. March 2016 Scotia Howard Weil Investor Presentation – Transocean Ltd. – slide 17
    Implementing Innovative Cost-Saving Solutions Riser Inspection and Repair Costs: Reduced 25% per joint from 2014 Rig Out of Service Time and Cost: Reduced 60% from 2013 DP Stacking Costs: Reduced to
  18. March 2016 Scotia Howard Weil Investor Presentation – Transocean Ltd. – slide 18
    Proof of Performance Revenue, Adjusted EBITDA & Costs 3,000 70% 60% 2,400 50% (US millions) 1,800 40% 1,200 30% 600 20% 0 10% 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 (1) Revenue Adj Costs* Adj EBITDA** Adj…
  19. March 2016 Scotia Howard Weil Investor Presentation – Transocean Ltd. – slide 19
    Improving Mix and Overall Fleet Quality 2009 Fleet Current Fleet 2020 Projected Fleet % of Fleet % of Fleet % of Fleet 15% 4% 16% 24% 41% 46% 26% 55% 10% 32% 8% 11% 12% Ultra-Deepwater Floaters Actions include:…
  20. March 2016 Scotia Howard Weil Investor Presentation – Transocean Ltd. – slide 20
    The Path Forward Transocean will: Actively manage capital structure and liquidity Deliver the safest, most efficient drilling services Continue to focus on producing strong operating results through: o Strengthening customer…

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