Company Overview Value Creation Operations O ti Capital deployment Assets Market Overview 33
Premier position in ultradeepwater market segment Largest fleet of high spec and midwater floaters Operates in most major markets worldwide Significant relationships across the p customer spectrum Size and technical…
Company Overview Strong Backlog ((US billions) ) UltraDeepwater Floaters p Deepwater Floaters 12.0 11.2 Midwater Floaters 10 0 10.0 HighSpecification Jackups g p p 7.5 8.0 6.0 4.3 4.2 4.3 10.6 4.0 2.3 23 0.8…
By Asset Class By Customer 15% 34% 23% 28% 53% 38% 6% 2% 1% UltraDeepwater Deepwater Midwater HighSpec Jackups ADTI Other Integrated NOC Independent YTD June 30 2013 Revenues 4.6 billion YTD June 30, 2013 Revenues 4 6…
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 posttrial briefing; court has not yet issued rulings Phase 2 of trial…
Continue to improve operational performance Maintain financial flexibility and strong balance sheet 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 outofservice time Manage scheduled out of service time Reduce operating and maintenance costs p g 10
Continue to make progress Revenue efficiency trends are favorable R ffi i t d f bl Adjusted operating EPS increased 23% year Adjusted operating EPS increased 23% yearoveryear over year Created 5.3B in contract backlog in…
Financial Flexibility Shareholder Value Return of Capital Capital p Investment 12
Maintain financial flexibility in context of uncertainties Manage financial exposure M fi i l Sustain investment grade rating Sustain investment grade rating Continue to divest select noncore assets Return excess cash to…
Investment in highspecification 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 Ultradeepwater p Harsh Environment Hi h Highspec Jackups J k Other highquality floaters and j k…
10 UltraDeepwater newbuilds 10 Ultra Deepwater newbuilds concluded in 2011 concluded in 2011 Seven contracted newbuilds currently under construction Rig Delivery Contract Transocean Ao Thai 3Q 2013 Q 4Q 2013 Q Deepwater Asgard 4Q…
Divestitures reduce fleet diversity and improve competitiveness Sold 38 standard jackups to Shelf Drilling Sold 38 standard jackups to Shelf Drilling Since 2011, divested 20 additional individual noncore rigs 17
Market Overview Positioned for Ultra- Ultra-Deepwater Demand New Field Resources Discovered in 2012 (by Water Depth) Robust deepwater exploration Robust deepwater exploration Volume Discovered (billion boe) 18 of Discoveries…
Market Overview HighSpec Jackups Midwater Deepwater T Transocean Honor H Polar Pioneer Polar Pioneer Discoverer Seven Seas Discoverer Seven Seas High utilization and Strong presence in the UK Strong market demand due…
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 ll d l b l improving…
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