Slide 1: Second Quarter 2026 Earnings Conference Call
Noble Corporation plc Second Quarter 2026 Earnings Conference Call July 28, 2026
Slide 2: Disclaimer: Forward-Looking Statements
Disclaimer 2 Forward-Looking Statements This communication includes, buts “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, as amended. All statements other than statements of historical facts included in this communication are
Slide 3: Summary
Summary Approximately $200M in New Contracts1, Backlog at $6.8B Claus Bachmann, Viking 2026 Outlook: Revenue and Adjusted EBITDA Guidance Reduced Driven primarily by Brazil operational suspension Q2 Adjusted EBITDA2 of $212M, Free Cash Flow2 of ($59M) 3 Consistent Return of Capital Program Q3 2026 d
Slide 4: Second Quarter Financial Highlights
Second Quarter Financial Highlights Adjusted EBITDA1 $212M $277M Capital expenditures $205M $104M Free cash flow1 ($59M) $169M Net debt1 $1,432M $1,255M Backlog $6.8B $7.5B Adjusted EBITDA margin1 30% 35% Net Leverage1 1.7x 1.1x 4 Prior quarter figures for Q1 2026 shown below. 1) A reconciliation to
Slide 5: Current Backlog Stands at $6.8 Billion
Current Backlog Stands at $6.8 Billion 2026 2027 2028 Floaters Jackups 64% 51%65% Percentage of available days committed (1) Backlog ($B) and Contract Coverage 5 1.0 2.3 2.0 1) Committed days on total marketed fleet of 28 rigs as of 7/27/2026. 2029-2031 1.5 12%
Slide 6: Drillships Overview
6 Drillships Overview Recent Highlights • Viking: 6-well contract scheduled to commence in early 2028 Firm contract period Options Fleet status report as of 7/27/2026. 2026 2027 2028 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 Noble Venturer Noble Viking Noble Voyager Nob
Slide 7: Semisubmersibles and Jackups Overview
7 Semisubmersibles and Jackups Overview Firm contract period Options Fleet status report as of 7/27/2026. 2026 2027 2028 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 Semisubmersibles Noble Deliverer Noble Discoverer Noble Claus Bachmann Noble Courage Noble Endeavor Noble P
Slide 8: Financial Overview
Financial Overview Quarter End 3/31/2026 Quarter End 6/30/2026 ($ millions) 786720Revenue 277212Adjusted EBITDA(1) 35%30%Margin %(1) 121(37)Net Income (Loss) 0.75(0.23)Diluted EPS 273144Cash flow from operations 104205Capital expenditures 169(59)Free cash flow(1) 1,2551,432Net debt (1) 1.1x1.7xNet L
Slide 9: 2026 Guidance Update
Revenue 2,800 – 2,900 2,800 – 3,000 Adjusted EBITDA (1) 850 – 925 940 – 1,020 Capital Expenditures 615 – 665 2026 Guidance Update $ millions 9 1) Definition is included on slide 2. Denotes prior guidance
Slide 10: Appendix: Reconciliation to GAAP Measures
Appendix: Reconciliation to GAAP Measures $ millions 10
Slide 11: First Choice Offshore
First Choice Offshore™