Slide 1: Investor Presentation September 2024
Investor Presentation September 2024
Slide 2: Disclaimer
Disclaimer FORWARD-LOOKING STATEMENTS: This presentation includes 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. All statements other than statements of historical facts inclu
Slide 3: Seadrill is a disciplined deepwater driller
Seadrill is a disciplined deepwater driller AT A GLANCE NYSE: SDRL ~$2.8B Enterprise value Premium floater Operate 12 drillships, one niche semi-sub, and two harsh environment units1 pure-play Exited jack-up segment in two transactions (Sept. 2022, June 2024) 15 Actively-marketed rigs Intentional po
Slide 4: Deepwater demand will prove resilient
Deepwater demand will prove resilient Oil and gas remains essential Oil and gas is a depleting resource Deepwater is the marginal barrel They will continue to represent >50% of the global It requires ongoing reinvestment, as natural decline It is well-positioned relative to other sources of oil and
Slide 5: Supply-demand balance is dynamic
Supply-demand balance is dynamic Limited supply of drillships Contracted utilization recently softened Yet dayrates continues to progress Global drillship supply1 Drillship contracted utilization Drillship dayrates and duration # of Units Utilization Rate ($k/d) Circle size indicates contract length
Slide 6: Upcoming contracting opportunities will drive 2025
Upcoming contracting opportunities will drive 2025 Strong contracting coverage in 2025 Seadrill rigs with availability before year-end 2025 Excerpt from August fleet status report 67% of available days already committed 2024 2025 RIG REGION TYPE A S O N D J F M A M J J A S O N D West Phoenix Norway
Slide 7: Seadrill is a disciplined, deepwater driller
Seadrill is a disciplined, deepwater driller Deepwater demand will prove resilient Supply-demand balance is dynamic Upcoming contracting opportunities will drive 2025
Slide 8: Appendix: Non-GAAP Measure Reconciliation
Appendix: Non-GAAP Measure Reconciliation Adjusted EBITDA represents operating profit before Below table reconciles operating profit to Adjusted EBITDA for 2024 guidance numbers depreciation, amortization and similar non-cash charges. Additionally, in any given period, the Company may have 2024 Guid