Interim Results
29 August 2013
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New build jackup rig: Jindal Star
Interim Results 29 August 2013 New build jackup rig: Jindal Star 0 - - PowerPoint PPT Presentation
Interim Results 29 August 2013 New build jackup rig: Jindal Star 0 0 www.lamprell.com Disclaimer This presentation contains certain forward-looking statements relating to the business, financial performance and results of the Company and/ or
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New build jackup rig: Jindal Star
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Rig refurbishment: Noble rig
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Liftboats: Seajacks Zaratan
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* Prior to exceptional items
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* Profit / (loss) stated before income tax and before exceptional items
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Land Rig Services
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Offshore platforms: North Sea operator
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Offshore platforms: North Sea operator
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¹As at 30 June 2013
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New build jackup rig: Greatdrill Chaaya
www.lamprell.com 14 58% 14% 7% 21% New Build Jackups Rig Refurbishment Land Rigs Others
¹Wins since 1st Jan 2013 as at 30th June 2013
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¹ As at 30 June 2013 ²Refurbishment value stream has short bid to award profile and therefore limited order book / pipeline values
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continues to drive rig new build and refurbishment
Two thirds of global jackup fleet over 25 years old Half of global fleet in Middle East and Asia
drilling
build programme
Source: Pareto / ODS Petrodata
<10 10-25 25-35 >35 Middle East Mexico W Africa NW Europe SE Asia US GOM Indian Ocean Far East Other
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New Build Greatship Chaaya
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Rig refurbishment: Noble rig
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Departure of executive team Appointment of Peter Whitbread Announcement of unquantified deterioration in full year forecast
Announced expected $105m loss for the year Strategic options review commenced
Windcarrier II delivered in line with revised schedule
H1 return to profitability New ERP project commenced Review of strategic
Divisional review commenced Jim Moffat joins as CEO
Term sheet signed with lenders
Strategic timeline
Completion of refinancing New INEDs appointed
400 800 1,200 1,600 2,000 2,400 2,800 Newbuild Jack Ups Offshore Const. Rig Refurb Land rigs Others www.lamprell.com 22 100 200 300 400 500 600 700 800 900 Newbuild Jack Ups Newbuild Lift Boats Offshore Const. Rig Refurb
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¹ As at 30 June 2013 ²Refurbishment value stream has short bid to award profile and therefore limited order book / pipeline values
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Sharjah, UAE
Sharjah, UAE
Dubai, UAE
Investments Park – Dubai, UAE
Arabia*
* MISA Joint Venture