Transocean Ltd (switzerland) · NYSE:RIG
Transocean Ltd (switzerland) — Transocean — Q4 2008 Earnings Presentation
6 slides from Transocean Ltd (switzerland)'s earnings presentation, Feb 17, 2009
Slide 1: Transocean Inc. Reports Fourth Quarter 2008 Results
Exhibit 99.2 Transocean Inc. Reports Fourth Quarter 2008 Results
Slide 2: Chart #1: Average Contracted Dayrate by Rig Type
Chart #1: Average Contracted Dayrate by Rig Type Qtr 1 2009 through Qtr 4 2009 (Unaudited) Definitions $450k High Specification Floaters Average The weighted average contract dayrate for each rig Other Floaters Dayrate type based on current backlog from the company's most recent Fleet Status Report
Slide 3: Chart #2: Out-of-Service Rig Months
Chart #2: Out-of-Service Rig Months Qtr 1 2008 through Qtr 4 2009 (Unaudited) 50 Definitions 26 40 30 29 23 25 28 23 Rig Months Time expressed in months that each rig has been, 45 or is forecast to be Out of Service as reflected in the company's Fleet Status Report as of February 3, 2009. Also inclu
Slide 4: Chart #3: Operating & Maintenance (O&M) Costs Trends
Chart #3: Operating & Maintenance (O&M) Costs Trends (Unaudited) Definitions Support Costs All shorebase or common support costs such as on-shore offices, yards, pool equipment. Non Drilling Comprises of Integrated Services, Drilling Management $1,600 MM Services Services, Oil and Gas Properties. $5
Slide 5: Chart #4: Contract Backlog by Client Rating
Chart #4: Contract Backlog by Client Rating (Unaudited) Total Contract Backlog (1) = $38.7 Billion Other (2) – 6% Other Investment Grade – 33% A Rated – 61% A Rated Other Investment Grade Other (1) Calculated by multiplying the contracted operating dayrate by the firm contract period from February 3
Slide 6: Chart #5: Free Cash Flow Backlog and Debt Maturities
Chart #5: Free Cash Flow Backlog and Debt Maturities (Unaudited) Total Free Cash Flow Backlog (1) = $17.6 Billion (US$ Billions) 5.0 Total Free Cash Flow Backlog $17.6 B (2) Total Debt $13.8 B 4.2 4.2 Difference $3.8 B 3.9 4.0 3.0 2.7 2.8 2.5 2.3 2.1 1.9 2.0 2.0 1.5 1.0 0.9 0.4 0.0 2009 2010 2011 20