Borr Drilling Limited · NYSE:BORR

Borr Drilling — Q3 2017 Earnings Presentation

9 slides from Borr Drilling's earnings presentation, Nov 22, 2017

  1. Slide 1: Borr Drilling Limited Q3 2017 Results

    Borr Drilling Limited Q3 2017 Results November 22th 2017 |

  2. Slide 2: Disclaimer

    Disclaimer These materials may contain statements about future events and expectations that are forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as “believes”, “expects”, “anticipates”, “intends”, “estimates”, “wi

  3. Slide 3: Key events since inception

    Key events since inception 30 Nov 2016 15 Mar 2017 11 Jul 2017 12 Sep 2017  Magni Group signed a  Signed letter of intent  Signed letter of  Signed letter of intent for purchase agreement for and placed deposit for commitment for “Frigg” “Norve” for a 140-160 two premium jack-up ten existing and

  4. Slide 4: Premium assets, experienced board and management team

    Premium assets, experienced board and management team Premium jack-up fleets1 Strong organisation Delivered 2011 or later Delivered pre 2011 Board Borr 3 20 2 22 Rowan 4 12 16 Potentially Tor Olav Trøim Fredrik Halvorsen Jan Rask appointing one or (Chairman) (Director) (Director) two further Directo

  5. Slide 5: Third quarter review

    Third quarter review Highlights • Letter of commitment received from Total E&P Nigeria Limited for work in Nigeria • Completed the listing on Oslo Stock Exchange 30 August 2017 • Accepted a letter of intent from BW Energy Dussafu for work in Gabon Subsequent events • Borr Drilling and Schlumberger s

  6. Slide 6: Key Financial Results

    Key Financial Results Consolidated Statement of Operations Summary Three months to Nine months to September 30, September 30, (In millions of US dollars) 2017 2017 Revenues - - Rig operating and maintenance expenses (9.4) (14.8) Depreciation and amortization (8.0) (12.5) General and administrative e

  7. Slide 7: Outlook

    Outlook Macro environment • Oil price is strengthening • Operators have failed to replace produced reserves • Future supply/demand balance cannot be maintained by unconventional oil  Source: SEB 7|

  8. Slide 8: Outlook

    Outlook Rig market • We continue to look at opportunities for acquiring attractive assets • Encouraging customer response to our approach on (a) wellsite integration and (b) willingness to align commercial objectives • Clear bifurcation in observed utilization between old and modern units • Tenderin

  9. Slide 9: Q&A

    Q&A |

Borr Drilling — Q3 2017 Earnings Presentation on 6ix