Slide 1: Second Quarter 2026 Earnings Conference Call
Noble Corporation plc Second Quarter 2026 Earnings Conference Call July 28, 2026
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This communication includes “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 forward
Slide 3: Summary
Summary Approximately $200M in New Contracts1, Backlog at $6.8B Claus Bachmann, Viking Q2 Adjusted EBITDA2 of $212M, Free Cash Flow2 of ($59M) Consistent Return of Capital Program Q3 2026 dividend maintained at $0.50 per share 2026 Outlook: Revenue and Adjusted EBITDA Guidance Reduced Driven primari
Slide 4: Second Quarter Financial Highlights
Second Quarter Financial Highlights Adjusted EBITDA1 Adjusted EBITDA margin1 Capital expenditures Free cash flow1 $212M 30% $205M ($59M) $277M 35% $104M $169M Net debt1 Net Leverage1 Liquidity Backlog $1,432M 1.7x $1,100M $6.8B $1,255M 1.1x $1,206M $7.5B Prior quarter figures for Q1 2026 shown below
Slide 5: Current Backlog Stands at $6.8 Billion
Current Backlog Stands at $6.8 Billion Backlog ($B) and Contract Coverage 64% 65% 51% 12% 2.3 Floaters Jackups 2.0 1.5 1.0 2026 2027 2028 2029-2031 Percentage of available days committed (1) 1) Committed days on total marketed fleet of 28 rigs as of 7/27/2026. 5
Slide 6: Drillships Overview
Drillships Overview 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 Faye Kozack Recent Highlights Noble Stanley Lafosse Noble Valiant • Viking: 6-well contract scheduled to commence in early 2028 Noble Venturer Noble Viking Noble Voyager Noble Tom Madden
Slide 7: Semisubmersibles and Jackups Overview
Semisubmersibles and Jackups Overview 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 Recent Highlights Semisubmersibles Noble Deliverer • Claus Bachmann: 3-well contract with bp in the UK North Sea Noble Developer Noble Discoverer • Intrepid: bp backlog transf
Slide 8: Financial Overview
Financial Overview ($ millions) Quarter End Quarter End 6/30/2026 3/31/2026 Revenue 720 786 Adjusted EBITDA(1) 212 277 Margin %(1) 30% 35% Net Income (Loss) (37) 121 Diluted EPS (0.23) 0.75 Cash flow from operations 144 273 Capital expenditures 205 104 Free cash flow(1) (59) 169 Net debt (1) 1,432 1
Slide 9: 2026 Guidance Update
2026 Guidance Update $ millions Revenue 2,800 – 2,900 2,800 – 3,000 Adjusted EBITDA (1) 850 – 925 940 – 1,020 Capital Expenditures 615 – 665 Denotes prior guidance 1) Definition is included on slide 2. 9
Slide 10: Appendix: Reconciliation to GAAP Measures
Appendix: Reconciliation to GAAP Measures $ millions 10
Slide 11: First Choice Offshore
First Choice Offshore™