Company Overview Market Overview Value Creation Financial Flexibility Capital Investment Dividend Litigation Update 33
Company Overview Industry Leader Premier position in ultradeepwater market segment Largest fleet of high spec and midwater floaters Operates in most major markets worldwide Technical leader Significant relationships across…
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Company Overview Strong Backlog Total Backlog From Continuing Operations 23.6 billion(4) 6
Company Overview Diversified Revenue Sources By Asset Class By Customer 11% 11% 30% 19% 32% 50% 2% 38% 7% UltraDeepwater Deepwater Harsh Environment Integrated NOC Independent Midwater HighSpec Jackups Other…
Market Overview Other Floaters, Jackups Deepwater Midwater HighSpec Jackups Discoverer Seven Seas GSF Rig 140 Transocean Honor Nearterm increase in rig Strong presence in the U.K. and Demand and dayrates remain availability…
Value Creation Strong backlog Continuing focus on costs and Financial margins Transocean Partners Flexibility Divest non-core assets Debt reduction Investment grade rating Shareholder Value Dividend - 3/share Return of…
Manage financial exposure Sustain investment grade rating while renewing the fleet Progress towards gross debt targets Completed 1 billion accelerated debt retirement Successfully launched Transocean Partners LLC Continue to divest…
High-Grading of Fleet Offshore Rigs Floaters Floaters Rigs at risk of Potential newbuilds displacement Longterm growth in deepwater 90 120 150 500 Lower spec rigs at risk 382 125 floaters are 30+ years old Customers prefer…
Strategic imperative to highgrade the fleet through consistent investment in highspecification floaters and jackups Acquire existing, highspecification rigs Build highspecification, contractbacked rigs Build highspecification rigs…
Current Fleet Future Fleet Existing Under Total construction Ultra-deepwater 29 +7 36 Ultra-deepwater 50% Floaters Deepwater 12 12 Deepwater Midwater 21 21 Midwater Harsh Environment 7 7 Harsh Environment 10% Jackups…
Fleet renewal strategy drives annual newbuild capital Estimated 1.52.0 billion per year Will be opportunistic and disciplined Amount will vary from year to year Funding sources include Operating cash flow Transocean Partners Asset…
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Favorable court ruling 9/4/14 effectively eliminates Transoceans financial risk arising from the belowsurface discharge of oil Transocean found to be not grossly negligent and not liable for punitive damages Contractual indemnity…
Improving operations Steady gains in revenue efficiency, exceeding 2014 guidance Rationalizing cost structure Leaner shorebase, optimizing maintenance Continued focus on outofservice spending Eliminated exposure to lowspec jackups…
We are delivering on our commitment to create value Improving financial flexibility Executing plan to highgrade the fleet Returning excess cash to shareholders Reducing uncertainty We will continue to focus on what we can control…
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