UBS Global Oil and Gas Conference Austin, Texas May 2016 Terry Bonno - Senior Vice President, Marketing
Challenging Market Commodity Prices O&G exploration programs cut due to low oil prices 140 E&P companies focusing on preserving cash and low cost/near- term production 120 Reduced E&P budgets set for 2016 100 Increases in 2017 budgets…
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…
Strong Financial Position 14.6 billion backlog provides solid cash-generation foundation 5.6 billion total liquidity at March 31, 2016 2.6 billion cash 3.0 billion undrawn revolving credit facility Continued strong operating…
Industry Leading Contract Backlog Total backlog - 14.6 billion* (90% Investment Grade Cos.) 7.0 6.0 6.0 (US billions) 5.0 Backlog recognized 4.0 through March 31, 2016 3.4 3.0 1.1 2.7 6.0 2.1 2.0 1.5 1.5 2.1 1.7…
Substantial Liquidity 12 Projected liquidity at 11 December 31, 2017 10 9 8 1.5-2.5B* 1.7B* (US billions) 7 1.6B 6 3.0B 5 3.8-4.8B* OMRs 3Q15-1Q16 with 4 Post-2017 Maturities - 0.3B 3 2 2.6B at 3/31/16 1 0 Cash…
Global Footprint and Diverse Fleet 28 Ultra-Deepwater 7 Harsh Env. 5 Deepwater 10 Midwater 10 Jackup Transocean fleet composition as of 4/21/16 Fleet Status Report 8
Extensive Customer Network 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…
Using Well Data to Improve Drilling Performance 11
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…
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…
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…
Improving Mix and Overall Fleet Quality 2009 Fleet Current Fleet 2020 Projected Fleet % of Fleet % of Fleet % of Fleet 15% 4% 16% 24% 41% 47% 25% 55% 10% 32% 8% 11% 12% Ultra-Deepwater Floaters Actions include:…
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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