Company Overview Value Creation Operations Capital deployment Assets Market Overview 33
Premier position in ultra-deepwater market segment Largest fleet of high spec and midwater floaters Operates in most major markets worldwide Significant relationships across the customer spectrum Size and technical capabilities…
By Asset Class By Customer 15% 34% 23% 28% 53% 38% 6% 2% 1% Ultra-Deepwater Deepwater Midwater High-Spec Jackups ADTI Other Integrated NOC Independent YTD June 30, 2013 Revenues - 4.6 billion 7
Macondo Civil and criminal settlement agreements reached with DOJ comprising 1.4B paid over five years Phase 1 of trial concluded 4/17/13; parties completed post-trial briefing; court has not yet issued rulings Phase 2 of trial…
Continue to improve operational performance Maintain financial flexibility and strong balance sheet Execute asset strategy Resolution of remaining uncertainties 9
Focus on performance and improving operating margins Increase revenue efficiency Manage scheduled out-of-service time Reduce operating and maintenance costs 10
Continue to make progress Revenue efficiency trends are favorable Adjusted operating EPS increased 23% year-over-year Created 5.3B in contract backlog in 2013 11
Financial Flexibility Shareholder Value Return of Capital Capital Investment 12
Maintain financial flexibility in context of uncertainties Manage financial exposure Sustain investment grade rating Continue to divest select non-core assets Return excess cash to shareholders 13
Investment in high-specification rigs is essential to remain competitive Prefer to not add incremental capacity to market Apply disciplined economic criteria to prospective investments 14
Grow our leadership position in high- spec assets Build, acquire, divest and / or spin- off Core, strategic asset portfolio Ultra-deepwater Harsh Environment High-spec Jackups Other high-quality floaters and jackups 15
10 Ultra-Deepwater newbuilds concluded in 2011 Seven contracted newbuilds currently under construction Rig Delivery Contract Transocean Ao Thai 3Q 2013 4Q 2013 Deepwater Asgard 4Q 2013 1Q 2014 Deepwater Invictus 1Q 2014 3Q 2014…
Divestitures reduce fleet diversity and improve competitiveness Sold 38 standard jackups to Shelf Drilling Since 2011, divested 20 additional individual non-core rigs 17
Market Overview Positioned for Ultra-Deepwater Demand New Field Resources Discovered in 2012 (by Water Depth) Robust deepwater exploration Volume Discovered (billion boe) 18 of Discoveries performance in 2012 provides 16 14…
Market Overview High-Spec Jackups Midwater Deepwater Transocean Honor Polar Pioneer Discoverer Seven Seas High utilization and Strong presence in the UK Strong market demand due improving dayrates in the and Norway sectors of…
Industry leader committed to customers, employees, and shareholders Clearly defined strategies to create value Operations Capital deployment Assets Well positioned to capture global opportunities in an improving market Backlog…
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