page 3 Q3 2014 highlights Maersk Interceptor, 2014 Profit of USD 192m (USD 148m) The Venezuela activities were divested with a USD 73m after tax gain ROIC of 10.7% (11.7%) Maersk Drilling still expects an underlying result*…
page 4 Result supported by divestment of Venezuela activities but offset by planned yard stays and start-up of new rigs Financial Highlights (USDm, Q3) Maersk Drilling result Revenue increased to USD 525m in Q3 2014 from Highlights…
page 5 Maersk Interceptor Customer: Det norske Oljeselskab Country: Norway Contract value: USD 700m Duration: Five years Newbuild deliveries in Q3 2014 In August 2014, Maersk Drilling took delivery of Maersk Interceptor from…
page 6 New contracts adding USD 460m to the revenue backlog Maersk Deliverer Maersk Convincer Maersk Venturer Customer: Cabinda Gulf Oil Customer: Petronas Carigali Customer: Total Company (Chevron) Country: Malaysia Country:…
page 7 Strong contract coverage in challenging markets Maersk Drilling forward contract coverage 100% 80% 90% 76% 60% 51% 40% 20% 30% 0% 2014 RoY 2015 2016 2017 Note: As per end Q3 2014
page 8 Revenue backlog of USD 6.6bn with quality customers provides strong earnings visibility Revenue backlog, end Q3 2014, USDbn Revenue backlog by customer, end Q3 2014 2.5 Others BP 2.2 2.2 2.0 Chevron Marathon 1.5 1.6…
page 9 The operational uptime remained high in Q3 2014 Operational uptime 100% 98% 97% 97% 96% 98% 97% 80% 60% 40% 20% 0% Maersk Drilling Floating rigs Jack-up rigs Q3 2013 Q3 2014
page 10 Strategy Deliver on the financial ambition of Net Operating Profit After Tax (NOPAT) of USD 1bn in 2018 (ROIC 10%) Conduct incident free operation Grow the business within the ultra deepwater and harsh environment…
page 11 Ultra deepwater market The downward trend in the ultra deepwater market continued in Q3 with a decrease in both utilisation and day rates Egypt US The cutback in reduced exploration and Malaysia production spending in…
page 12 Fact box Maersk Drillings fleet consists of eight ultra harsh environment jack-up rigs Ultra harsh Maersk Drilling has two ultra harsh environment jack-up rigs under environment jack-up construction Maersk Drilling has…
page 13 North Sea International premium jack-up market The general market slowdown also affects the international premium jack-up market in the North Sea (outside Norway) which, together with a slight oversupply situation…
page 14 Portfolio optimisation In September 2014, Maersk Drilling divested the activities in Venezuela to Barrystar Holding S.A. with a USD 73m after tax gain Venezuela Leading drilling contractor in Venezuela with a fleet…
page 15 Maersk Drillings priorities for execution in Q4 2014 Take delivery of the remaining ultra deepwater drillship Safe and efficient start-up of the remaining newbuild rigs in 2014 Complete the final yard stays on time and…
page 16 Extensive yard stay programme in 2014 2014 Yard stays Rig Start Service Heydar Q4 2013 5 year special survey + Aliyev* upgrade Mrsk Q4 2013 5 year special survey Developer* Maersk Q2 2014 5 year special survey Resolve Mrsk Q2…
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