Welcome to Dinner with Noble Corporation – Noble Corporation plc

Noble Corporation plc · Jun 26, 2020 · 21 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

Welcome to Dinner with Noble Corporation plc Management New York, NY June 26, 2019
Joining Us Tonight Julie Robertson Adam Peakes Robert Eifler William Turcotte Chairman, President and CEO SVP and CFO SVP Marketing SVP General Counsel and Corporate Secretary Scott Marks Barry Smith Jeff Chastain SVP…
Why are we here 4
Marketing Discussion Robert Eifler 5
Successful marketing strategy Contract term Striking a balance between long/short exposure Geographic placement Right rig in the right region Customer mix Operators with large portfolios and expansive geographic footprints…
Jackup fleet contract coverage remains strong 12-month forward contract coverage (1) (2) Utilization 100% 98% 93% 94% 93% 25% 81% 80% 75% 75% 75% 65% 50% (P) 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2017 2018 2019 Contracted…
Excellent balance of contracts (1) Noble Joe Knight Sep 2022 Noble Scott Marks Jul 2022 (1) Noble Johnny Whitstine Mar 2022 Noble Roger Lewis Mar 2022 Noble Lloyd Noble Nov 2020 100% Noble Regina Allen May 2020 Noble Tom…
Jackup dayrate progression Since Fourth Quarter 2017 North Sea +80% to 90% Mid East +50% to 70% Australia +15% to 25% Source: Noble Corporation plc 9
Floating fleet improving fundamental metrics 12-month forward contract coverage (1) (2) Utilization 100% 89% 80% 75% 43% 75% 61% 64% 61% 61% 57% 57% 50% 25% (P) 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2017 2018 2019 Contracted…
Regional positioning leading to new opportunities Noble Globetrotter II Sep 2023 Noble Globetrotter I Jul 2022 Noble Bully II Apr 2022 Noble Bob Douglas Apr 2021 89% Noble Don Taylor Oct 2020 (2) Noble Tom Madden Aug 2020…
Tighter fleet utilization driving pricing improvement 49% Cumulative improvement in overall dayrate for Noble Don Taylor 49% 27% 19% Baseline Oct-2018 Mar-2019 Apr-2019 Apr-2020 12
7th Generation offshore capacity Key features: 10,000+ Ft. WD Dual activity 2.5mm+ lbs hookload 2 blowout preventers DP3 station keeping 13
Alignment of fleet with emerging demand North Sea Mid. East Gulf of Mexico Guyana/ Suriname Asia Australia Brazil Floater Jackup 14
Financial Discussion Adam Peakes 15
Debt maturity profile (millions) 1600 Undrawn Revolver Commitments 1400 Revolver Borrowing Unsecured Notes 1200 Guaranteed Notes 1,451 NJW Seller's Loan NJK Seller's Loan 1000 1,597 800 1,673 600 629 400 750 300 450 484…
Debt summary by seniority Senior 115mm Seller Notes Secured by NJW and NJK 1,500mm 2023 Credit Facility 50mm Drawn 750mm 2026 Priority Guaranteed Notes 2,683mm Unsecured Notes 300mm Credit Facility (300mm…
(1) Summary of debt baskets 2017 Credit Facility 2026 Gty Notes Unsecured Notes Secured Debt Capacity 500mm or 5%CNA 500mm or 4.75%CNTA 15% CNTA Credit Facility Capacity 1,801mm or 15%CNTA 1) 750mm or 7.5%CNA 1) 750mm or…
Financial priorities Maintain strong liquidity position Modest debt maturities over next several years Large revolver with 2023 maturity De-leveraging through FCF generation and opportunistic repurchase of discounted debt…
(1) Illustrative EBITDA generation from active fleet EBITDA in millions Floater Dayrates 250k 325k 400k 100k 410 602 794 Jackup Dayrates 150k 592 784 976 200k 774 966 1,158 (1) EBITDA calculation for 9 active…
Closing comments 21
Noble Corporation plc 10 Brook Street London W1S 1BG, England www.noblecorp.com Investor Relations Jeffrey L. Chastain Vice President Investor Relations & Corporate Communications 281-276-6383 Enterprise Value (as of…

From the store

Presentation Manager Subscription - Discounted $1,092

Browse maps, data & reports in the Shale Experts store