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Scotia Howard Weil Energy Conference – Noble Corporation plc

Noble Corporation plc · Mar 21, 2016 · 17 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. Scotia Howard Weil Energy Conference – Noble Corporation plc – slide 1
    Managing with Confidence David W. Williams Chairman, President and Chief Executive Officer Scotia Howard Weil Energy Conference March 21, 2016
  2. Scotia Howard Weil Energy Conference – Noble Corporation plc – slide 2
    What Contributes to Superior Positioning in Our Business Premium Fleet Strategic Differentiation Excellent Contract Coverage Robust Liquidity Consistent Operational Solid Balance Execution Sheet/Manageable Maturities 3
  3. Scotia Howard Weil Energy Conference – Noble Corporation plc – slide 3
    Modern and Versatile Premium Fleet 8 Drillships 8 Semisubmersibles 14 Jackups 8 UDW, DP 3 UDW, DP 6 added since 2012 8 added to fleet since 2011 5 conv. moored, UDW, DW 3 added since 2007 8 contracted 2 contracted 1 under…
  4. Scotia Howard Weil Energy Conference – Noble Corporation plc – slide 4
    Premium Fleet Global Drilling Presence Global Fleet Distribution Corporate Headquarters - UK U.S. Operations 3 1 1 4 7 6 2 1 1 1 1 1 1 Source: Noble 5
  5. Scotia Howard Weil Energy Conference – Noble Corporation plc – slide 5
    Premium Fleet Diversified by Region and Rig Type 2015 Total Revenues 3.4 Billion Revenues by Region Revenues by Rig Type Source: Noble as of December 31, 2015 6
  6. Scotia Howard Weil Energy Conference – Noble Corporation plc – slide 6
    Excellent Contract Coverage Backlog Provides Strong Visibility Backlog at December 31, 2015: 6.9 Billion Strong Contribution in 2016 and 2017 Split by Rig Type Billions 3 2.3 2 1.5 1.5 1 0.9 0.7 0 Customer…
  7. Scotia Howard Weil Energy Conference – Noble Corporation plc – slide 7
    Amended Jackup Dayrates Saudi Aramco Amended Amended Rig Dayrate 2016 Dayrate 2015 Noble Scott Marks 167,250 169,250 Noble Roger Lewis 167,250 169,250 Noble Gene House 65,000 65,000 Noble Joe Beall 65,000 65,000 Note:…
  8. Scotia Howard Weil Energy Conference – Noble Corporation plc – slide 8
    Excellent Contract Coverage Percentage of Available Operating Days Floating Rigs 2016 57% Committed 37% 2017 Committed 25% 2018 Committed Jackup Rigs 2016 81% Committed 2017 52% Committed 27% 2018 Committed…
  9. Scotia Howard Weil Energy Conference – Noble Corporation plc – slide 9
    Consistent Operational Execution Percent of Total Downtime per Quarter Guidance of 6% downtime reflects premium fleet mix, expect to do better 2015 average downtime of approximately 5% Unfavorable result in 4Q15 due in part…
  10. Scotia Howard Weil Energy Conference – Noble Corporation plc – slide 10
    Consistent Operational Execution Contract Drilling Costs Per Available Day ( Thousands) Expected decline in 2016 contract drilling service costs of approximately 13% compared to 2015 and 28% compared to 2014 Additional rig…
  11. Scotia Howard Weil Energy Conference – Noble Corporation plc – slide 11
    Operating Cost Variability Full operating costs vs. warm or cold stack costs UDW Semi Noble Jim Day Why Warm Stack Premium rig focus on preservation Limited duration of idle time expected Allows for shorter response time as…
  12. Scotia Howard Weil Energy Conference – Noble Corporation plc – slide 12
    Strategic Differentiation 13
  13. Scotia Howard Weil Energy Conference – Noble Corporation plc – slide 13
    Strategic Differentiation Noble Globetrotter II A Creative and Unique Design Source: Shell / Huisman Case Study 14
  14. Scotia Howard Weil Energy Conference – Noble Corporation plc – slide 14
    Robust Liquidity Liquidity Improvement Supported by Strong Operations Execution ( Billions) 3.5 Liquidity Components ( Million): Cash ( 12/31/15) 512 5-year RCF 2,445(1) 1-year RCF 225(2) 3.2 2016 Possible Cash Uses Include: (…
  15. Scotia Howard Weil Energy Conference – Noble Corporation plc – slide 15
    Solid Balance Sheet / Manageable Maturities Manageable Debt Maturities Debt Measures 200 Million Cash Tender Offers ( Millions) Expires March 31, 2016 Debt Covenant Target Range 35% to 40% Note: 300 million senior note…
  16. Scotia Howard Weil Energy Conference – Noble Corporation plc – slide 16
    Declining Capital Expenditures Newbuild Projects Conclude in 2016 3 2 2 4 1 ( Billions) 3 Annual Capex(1) 2011-2014 Avg. - 2.0 billion 2.1 2 1.9 Newbuild Capex Noble Lloyd Noble Delivery 1 .800 .423 .340 0…
  17. Scotia Howard Weil Energy Conference – Noble Corporation plc – slide 17
    Nobles Roadmap to the Future Operational Excellence Cost Management Liquidity Maximization Final Newbuild Delivery (Noble Lloyd Noble) Preservation of Contract Cover 18

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