2014 Annual General Meeting Steven L. Newman, President & CEO Zug, Switzerland May 16, 2014 www.deepwater.com
Financial Statement Overview Company Overview Market Overview Value Creation Dividend Litigation Update Key Investment Highlights 33
Years ended December 31, (In USD millions, except per share data) 2013 2012 Revenues 9,484 9,196 Operating income 2,224 1,581 Net income (loss) attributable to controlling 1,407 (219) interest Earnings per sharediluted from continuing…
Three months ended March 31, (In USD millions, except per share data) 2014 2013 Revenues 2,339 2,184 Operating income 672 479 Net income attributable to controlling 456 321 interest Earnings per sharediluted from 1.27 0.89 continuing…
December 31, (In USD millions) 2013 2012 ASSETS Current assets 6,772 8,647 Property and equipment, net 21,707 20,880 Goodwill 2,987 2,987 Other assets 1,080 1,741 Total assets 32,546 34,255 LIABILITIES AND EQUITY Current liabilities…
Years ended December 31, (In CHF thousands) 2013 2012 Income from affiliates 16,451 Interest income 14 49 Total income 16,465 49 Total costs and expenses 52,569 63,607 Currency exchange gain (loss) 6,429 (7,649) Net loss…
December 31, (In CHF thousands) 2013 2012 ASSETS Total current assets 23,036 35,589 Property & equipment, net 168 414 Investment in affiliates 17,436,710 17,436,710 Other noncurrent assets 257,026 257,027 Total assets 17,716,940…
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…
Company Overview Strong Backlog Total Backlog From Continuing Operations 26.1 billion(1) 10
Market Overview Ultra-Deepwater New Field Resources Discovered Exploration success indicates (by Water Depth) Volume Discovered (billion boe) of Discoveries significant longterm ultra 18 16 180 deepwater demand 14 12 160 140…
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 UK and Demand and dayrates are availability Norway…
Value Creation 800 million margin expansion Financial Transocean Partners LLC Divest non-core assets Flexibility Debt reduction Shareholder Value Dividends: Building 14 high- 2.24/sh in 13 Return of Capital spec rigs; seven…
Norway Tax Cases Norwegian court overturned Arcade civil tax assessment; state filed appeal scheduled for hearing in Appeals Court in October 2014 Court scheduled to hear second civil tax case in May 2014 Criminal trial concluded…
We are delivering on our commitment to create value for all our stakeholders Improving financial flexibility to capitalize on highreturn opportunities and increase competitiveness Executing plan to highgrade the fleet Returning…
2014 Annual General Meeting Steven L. Newman, President & CEO Zug, Switzerland May 16, 2014 www.deepwater.com
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