Transocean Ltd (switzerland) · NYSE:RIG
Transocean Ltd (switzerland) — Transocean — Pareto Securities' 32nd Annual Energy Conference 2025
16 slides from Transocean Ltd (switzerland)'s conference presentation, Sep 10, 2025
Slide 1: Leading the Future of Offshore Drilling
Pa r e t o S e c u r i t i e s ' 3 2 n d A n n u a l E n e r g y C o n f e r e n c e Leading the Future of Offshore Drilling Keelan Adamson September 10, 2025
Slide 2: Forward Looking Statements
Forward Looking Statements • The statements described herein that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements could contain wo
Slide 3: Today's Presentation
PRESENTATION TODAY’S 01 Market Outlook 02 Preferred Provider of Offshore Drilling Services 03 Unique Investment Opportunity 3
Slide 4: Market Outlook
Market Outlook Increasing oil and gas Deepwater projects offer Rig utilization expected demand compelling economics to increase 4
Slide 5: Projected Oil Demand Requires More Deepwater Development
Projected Oil Demand Requires More Deepwater Development Global Oil Demand Oil Requirements from Deepwater ~ in mbbld ~ in mbbld Historical Forecast Historical Forecast 120 10 Total Demand Total Demand 100 9 80 8 60 7 40 6 20 0 5 2000 2005 2010 2015 2020 2025 2030 2023 2024 2025 2026 2027 2028 2029
Slide 6: Deepwater Economics Remain Attractive for Project Sanctioning
Deepwater Economics Remain Attractive for Project Sanctioning Deepwater 2P Breakevens Global Oil and Gas CapEx By Supply Segment ~ in mbbld 2P is the sum of Proved (P90) and Probable (P50) Reserves USD billion, nominal 99% 100% 100% 30% 600 18% 100% 91% 88% 85% 90% 16% 25% 500 80% 72% 14% 47% Deepwa
Slide 7: RIG has Industry's Highest-Specification Rig Fleet
RIG has Industry’s Highest-Specification Rig Fleet TRANSOCEAN Transocean Peers OWNERSHIP High Spec HE Semi 7 14 33% 1700 ST 2 100% 1 1400 ST 8 4 67% Up to 1250 ST 7 56 11% 2 Stacked 3 4 43% 1. Includes dual activity, globally marketed assets 2. Includes 7G “stranded” and delivered uncontracted newbu
Slide 8: Competitive Floater Supply and Projected Demand through 2027
Competitive Floater Supply1 and Projected Demand through 2027 Drillships HE Semis UK & North Sea Current 65 19 Working 17 Projected 70-75 18-21 North Demand America Med & Black Sea 22 Latin America 5 6 Africa SE Asia Ultra-Deepwater Drillships 14 4 Brazil Transocean Peers Australia 28 Harsh Environm
Slide 9: High Specification Harsh Environment Outlook Remains Robust
High Specification Harsh Environment Outlook Remains Robust Supply & Demand - HSHE Semis 100% 20 90% 15 Active Utilization 80% Rig Count 10 70% 5 60% 0 50% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D 2025 2026 2027 Contracted Options Established Programs Probable Addition
Slide 10: Drillship Utilization Is Projected To Exceed 90%
Drillship Utilization Is Projected To Exceed 90% Supply & Demand - Drillships 80 100% 70 90% 60 Active Utilization 50 80% Rig Count 40 30 70% 20 60% 10 0 50% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D 2025 2026 2027 Contracted Options Established Programs Probable Additi
Slide 11: Trusted to Perform
Trusted to Perform Highest Uniquely qualified, Safe, reliable, Consistent, specification disciplined, high- efficient predictable fleet performing team operations customer experience 11
Slide 12: Creating Value Through the Cycle
Creating Value Through the Cycle Optimizing the value of Maximizing cash flow Building a strong, full- our assets and service cycle capital structure 12
Slide 13: Why Transocean?
Why Transocean? • Global demand for oil and gas continues to rise OPTIMALLY POSITIONED for favorable fundamentals • Offshore prospects are key to offset declines in reserves & production • Economics are attractive now and long-term • Highest specification work sooner, longer, and at the best dayrate
Slide 14: Slide 14
Slide 15: Approximately $7.2 Billion Contract Backlog
Approximately $7.2 Billion Contract Backlog 1,2 USD Billions 3.5 3.0 Ultra-Deepwater 2.5 0.99 Harsh Environment 2.0 1.5 0.48 0.29 1.0 2.09 1.22 1.34 0.5 0.81 0.0 2025 2026 2027 2028-2029 1. As of July 16, 2025 2. Contracted operating dayrate multiplied by the firm contract duration for future period
Slide 16: Projected Liquidity
Projected Liquidity 2.0 ~$0.4B - $0.5B ~$0.0B ~$0.25B USD Billions ~$1.45B - $1.55B ~$0.5B 1.0 ~$0.8B 0.0 Cash & Short-Term Revolving Credit Facility Operating Cash Flows CapEx / Net Investments Debt Due Through 4Q25 (4) Projected Liquidity @ Investments at 06/30/25 (1) Through 4Q25 (2) Through 4Q25
Transocean — Pareto Securities' 32nd Annual Energy Conference 2025 on 6ix