Simon W. Johnson SVP Marketing & Contracts Jeffrey L. Chastain Vice President Investor Relations Citi 2014 Global Energy and Utilities Conference May 13, 2014
Company Overview Among the worlds premier offshore drilling contractors Significant fleet transformation nearing completion Large contract backlog providing excellent visibility Earnings and cash flow growth expected…
Company Overview Global Drilling Presence with Established Deep and Shallow Water Experience Global Fleet Composition 14 Semisubmersibles 14 Drillships including 1 under construction 49 Jackups including 3 under construction…
Company Overview Geographically Diversified Revenues and Strong Customer Base Full Year 2013 Total Revenues Europe / 4.2 Billion Mediterranean Middle & Far East 19% 14% 31% 20% Brazil 1% 6% Gulf of Mexico 9%…
Company Overview Geographically Diversified Revenues and Strong Customer Base YTD March 31, 2014 Total Revenues Europe / 1.3 Billion Mediterranean Middle & Far East 19% 13% 21% 35% Brazil 1% 5% Gulf of Mexico 6%…
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Fleet Transformation in Advanced Stage Increasing Premium Mix of Assets Contract Drilling Revenues by Asset Type 2009(A) 2013(A) 2016(P) Ultra Deepwater Other Floater Standard Jackup Deepwater High-Spec Jackup Other Bottom…
Final Shipyard Deliveries 2014 2014 2016 Noble Noble Noble Sam Croft Tom Madden CJ70 Noble Noble Noble Noble Houston Colbert Sam Turner Tom Prosser Sam Hartley Contracted Source: Noble 9
Advanced Stage of Fleet Transformation 11 Billion Committed or Spent To Date New Rig Deliveries by Year and Newbuild Capex Newbuild Capex Rig Additions ( Millions) 7 2,000 1.7 billion 6 6 1.5 billion 1,600 5 5 2 1.4 billion…
Separation Transaction The proposed transaction will create a new publicly traded entity comprising a majority of Nobles Standard Specification fleet while Nobles high- specification assets will remain with Noble Premium Fleet…
Paragon Offshore Status Update Completed steps PLR received, tax-free qualification Noble BOD has given approval to proceed Registration statement (S-1) filed Recent accomplishments CEO named Randall Stilley Senior leadership…
Post Transaction Substantially Reduces Average Fleet Age 52% Reduction of Average Age of Fleet Years 30 27 25 25 20 15 13 10 5 0 (1) 2013 2016 2016 (Pre-Spin) (Post-Spin) (1) Includes five standard jackups with 36…
Limited Floating Rig Days Exposed to Current Market Noble H. Ferrington Percentage of Available Operating Days Noble Noble Driller D. Adkins Noble Fleet Noble M. Smith 2014 2015 19% 25% 34% 33% 67% 81% 75%…
Jackup Rig Days Exposed to Current Market Percentage of Available Operating Days Noble Fleet 2014 2015 14% 26% 61% 39% 47% 53% 74% 86% (Pre-Spin) (Post-Spin) (Pre-Spin) (Post-Spin) Committed to Contracts Uncommitted to…
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Nobles Recruitment Quota Driving Greater Investment in Training Noble Est. Recruitment vs. Est. Industry Need for Newbuilds Investment in Training ( Millions) ( of New Hire) 80 63.6 60 49.0 40 37.1 20 0 2011 2012…
Integrating Learning, Operations and Performance Noble NEXT Center A hub for overall training program Providing breadth and depth in training Cyber control Conventional drilling DP Power mgmt. Stability/ballast Well control Crane…
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Large Backlog Providing Excellent Visibility At March 31, 2014: 14.3 Billion Estimated Annual Contribution Backlog by Client 5 Other 18.1% 4 3.8 Anadarko 3.5 3.9% 3 2.4 Statoil Shell 2.2 4.4% 51.0% 2 1.5 Saudi Aramco…
Focus Capital allocation Our appetite for growth Returning cash to our shareholders Balance sheet Debt 27
Balance Sheet Total Debt at 3/31/14 - 5.7 Billion Liquidity at 3/31/14 (revolving credit capacity plus cash and cash equivalents) 1.03 billion Steadily increasing short-term debt through mid-2014 Proceeds from expected Paragon…
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 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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