Transocean Ltd (switzerland) · NYSE:RIG
Transocean Ltd (switzerland) — Transocean — Pareto Securities 33rd Annual Energy Conference 2026
12 slides from Transocean Ltd (switzerland)'s conference presentation, Sep 16, 2026
Slide 1: Defining the Future of Offshore Drilling
Defining the Future of Offshore Drilling Pareto Securities 33 rd Annual Energy Conference Se p t e mb er 1 6 , 2 0 2 6 , O s l o
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: Key Metrics
Key Metrics BACKLOG(1) BACKLOG AVERAGE DAYRATE CONTRACT COVERAGE EXPECTED LEVERAGE $7.7 B $461 k/d 94% / 81% <2.0x 2026 / 2027 By End of 2028 (1) As of August 5, 2026, Transocean’s total backlog is approximately $6.7 billion. This figure includes $1.0 billion of backlog for work with Equinor, which
Slide 4: Trusted to Perform
Trusted to Perform Highest Uniquely qualified, Safe, reliable, Consistent, specification disciplined, high- efficient predictable fleet performing team operations customer experience 4
Slide 5: Market Outlook
Market Outlook Strong demand for oil Deepwater projects offer Rig utilization expected and gas compelling economics to increase 5
Slide 6: Fundamentals Drive Capex Increases
Fundamentals Drive Capex Increases Oil and Natural Gas Supply Scenario to 2050 Summary of Global Upstream E&P Capex ($B) 750 500 250 0 2011 2014 2017 2020 2023 2026 2029 Onshore E&P spending Offshore E&P spending • Supply-driven cycle • Investments in new production needed to offset depletion of exi
Slide 7: Floater Utilization Forecasted to Increase
Floater Utilization Forecasted to Increase Sources: Wood Mackenzie, Fearnley Offshore, Westwood Global Energy Group, and Transocean Marketing as of August 2026 7
Slide 8: Floater Contract Awards – 2023 to 2026
Floater Contract Awards – 2023 to 2026 Total Floater Rig-Years Awarded YTD 2026 Rig-Years Awarded 17% 157 142 127 Majors 105 Rig Years 74 Ind. NOC 55% 28% 2023 2024 2025 YTD 2026 Expected 2026 Average Days Awarded per Fixture Current Rigs Under Contract 700 26% 600 45% 500 Majors Average Days 400 NO
Slide 9: Creating Value Through the Cycle
Creating Value Through the Cycle Optimize the value of Maintain a strong, full- Generate industry-leading our differentiated cycle capital structure free cash flow assets 9
Slide 10: Valaris Acquisition Accelerates Value Creation
Creating Value Through the Valaris Acquisition Accelerates Value Creation Cycle RIG Optimizes the value of Builds a strong, full-cycle Generates industry- Strategic Priorities differentiated assets capital structure leading free cash flow • Best-in-class management • Strengthens balance sheet • High
Slide 11: Why Transocean?
Why Transocean? OPTIMALLY POSITIONED • Global demand for oil and gas continues to rise for favorable fundamentals • Offshore prospects are key to offset declines in reserves & production • Economics are attractive now and long-term • Highest specification rigs work sooner, longer, and at the best da
Slide 12: Pareto Securities 33rd Annual Energy Conference
Pareto Securities 33rd Annual Energy Conference September 16, 2026, Oslo
Transocean — Pareto Securities 33rd Annual Energy Conference 2026 on 6ix