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Simmons European Energy Conference Presentation – Transocean Ltd.

Transocean Ltd. · Aug 30, 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. Simmons European Energy Conference Presentation – Transocean Ltd. – slide 1
    Simmons European Energy Conference Scotland August 31 - September 1, 2016 Mark Mey - Executive Vice President, Chief Financial Officer
  2. Simmons European Energy Conference Presentation – Transocean Ltd. – slide 2
    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…
  3. Simmons European Energy Conference 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. Simmons European Energy Conference Presentation – Transocean Ltd. – slide 4
    Strong Financial Position 13.7 billion backlog provides solid cash-generation foundation 5.2 billion* total liquidity at June 30, 2016 2.2 billion cash 3.0 billion undrawn revolving credit facility Continued strong operating…
  5. Simmons European Energy Conference Presentation – Transocean Ltd. – slide 5
    Industry Leading Contract Backlog 5.0 Total backlog - 13.7 billion* 4.7 4.5 (90% Investment Grade Cos.) 4.0 3.8 Revenue through June 30, 2016 3.5 Ultra-Deepwater Floaters Harsh-Environment Floaters (US billions) 3.0 2.7…
  6. Simmons European Energy Conference Presentation – Transocean Ltd. – slide 6
    Significant Transocean Backlog into 2028 2.8 2.6 2.4 RIG Backlog Composition by Year 2.2 SDRL* 2.0 DO Backlog in US Billions 1.8 1.6 NE 1.4 ESV 1.2 RDC 1.0 4.4B 8.0B 13.7B ATW 0.8 0.6 0.4 0.8B 5.1B 4.1B 0.2…
  7. Simmons European Energy Conference Presentation – Transocean Ltd. – slide 7
    Solid Liquidity 12.0 11.0 Projected liquidity at 10.0 July 2016 Senior Notes / Tender December 31, 2018 9.0 Offers, net cash position 8.0 increased 325M 1.6B - 2.1B* 1.6B (US billions) 7.0 6.0 2.5B 3.0B 5.0 4.0 3.0B…
  8. Simmons European Energy Conference Presentation – Transocean Ltd. – slide 8
    Global Footprint and Diverse Fleet 29 Ultra-Deepwater 7 Harsh Env. 4 Deepwater 10 Midwater 10 Jackup Transocean fleet composition as of 7/21/16 Fleet Status Report 9
  9. Simmons European Energy Conference Presentation – Transocean Ltd. – slide 9
    Extensive Customer Relationships 10
  10. Simmons European Energy Conference Presentation – Transocean Ltd. – slide 10
    Unmatched Deepwater Expertise 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…
  11. Simmons European Energy Conference Presentation – Transocean Ltd. – slide 11
    Improving Equipment Reliability and Uptime BOP Non-productive Time 75% reduction in BOP-related downtime from 2011 to 2015 Performance driven by Transocean / OEM collaboration Focus moves to other critical equipment 12
  12. Simmons European Energy Conference Presentation – Transocean Ltd. – slide 12
    Proof of Performance Revenue Efficiency Adjusted Normalized - Revenue & EBITDA Average 2015 / YTD 2016 - 96% 100% 2,400 70% 98% 60% 96% 1,800 94% 50% 92% 90% 1,200 40% 88% 30% 86% 600 84% 20% 82% 80% 0 10% 4Q14 1Q15 2Q15 3Q15…
  13. Simmons European Energy Conference Presentation – Transocean Ltd. – slide 13
    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…
  14. Simmons European Energy Conference Presentation – Transocean Ltd. – slide 14
    Implementing Innovative Cost-Saving Solutions Repair & Maintenance Costs DP Stacking Costs: Reduced to
  15. Simmons European Energy Conference Presentation – Transocean Ltd. – slide 15
    Current and Projected Fleet Composition Current Fleet* 2020 Projected Fleet % of Fleet (Rig Count - 60) % of Fleet 17% (10) 24% 48% 23% 55% (29) 10% (14) 12% 11% (7) Additionally Under Construction: Projected Fleet…
  16. Simmons European Energy Conference Presentation – Transocean Ltd. – slide 16
    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…
  17. Simmons European Energy Conference Presentation – Transocean Ltd. – slide 17
    Simmons European Energy Conference Scotland August 31 - September 1, 2016 Mark Mey - Executive Vice President, Chief Financial Officer

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