Simen Lieungh CEO Key Financials $ 698 Mill $ 1,435 Mill Revenue - PowerPoint PPT Presentation

Simen Lieungh CEO

Key Financials $ 698 Mill $ 1,435 Mill Revenue FY 2018 Gross debt as per Q2 2019 $ 259 Mill $ 179 Mill Odfjell Drilling is a listed international drilling, well EBITDA FY 2018 Cash as per Q2 2019 service and engineering company with 2,500 employees and operations in more than 20 $ 2,300 Mill 38 % countries. Backlog as per Q2 2019 Equity ratio as per Q2 2019 Our Businesses Well services Engineering Mobile drilling units Platform drilling X 12 X 5  6th generation high  Platform drilling  Tubular running  Fully integrated drilling  Rental services spec and efficient operations on engineering &  Well intervention harsh environment NCS/UKSC inspection services  Wired drillpipe units

Our «license to drill» TRIF – Total Recordable Incident Frequency Rate (as per 1 million working hours) HIPO – High potential incidents (as per 1 million working hours)

The fleet Deepsea Yantai Deepsea Bergen Deepsea Stavanger Deepsea Aberdeen Deepsea Atlantic Deepsea Nordkapp

Drilling in a «river» South Africa 11B/12B Outeniqua South

Drilling in a «river» 7-15 m heave Riser Angle – 9dg Wave heights 7.5 (15) m BOP Drift offset – Max 160m

The journey towards Zero emission drilling 7 6 thousand tonne CO 2 per well 5 4 3 2 1 0 Baseline Optimise power Optimise power supply Green power supply Green power generation consumption

Well Services – wired drill pipe ß Wired drill pipe Mud pulse communication Data rate 12 – 24 bps (bits per second) Coaxial cable enables 57,600 bps

Strategic focus and priorities Strategic Focus Priorities Be the preferred harsh environment driller Maintain sufficient financial strength and sound leverage ratio Frontrunner in the green shift Continue to develop as a strong service provider Value-adding growth Healthy order backlog Secure sustainable dividend capacity Continuous business improvement program

Questions?