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

Simen Lieungh CEO

Odfjell Drilling is a listed international drilling, well service and engineering company with 2,500 employees and operations in more than 20 countries. Mobile drilling units Platform drilling Well services  6th generation high spec and efficient harsh environment units  Platform drilling

• perations on

NCS/UKSC X 5 X 12  Tubular running  Rental services  Well intervention  Wired drillpipe

Key Financials Our Businesses

$ 259 Mill

EBITDA FY 2018

$ 1,435 Mill

Gross debt as per Q2 2019

$ 2,300 Mill

Backlog as per Q2 2019

38 %

Equity ratio as per Q2 2019

$ 179 Mill

Cash as per Q2 2019

$ 698 Mill

Revenue FY 2018

Engineering  Fully integrated drilling engineering & inspection services

TRIF – Total Recordable Incident Frequency Rate (as per 1 million working hours) HIPO – High potential incidents (as per 1 million working hours)

Our «license to drill»

Deepsea Aberdeen Deepsea Atlantic Deepsea Nordkapp Deepsea Stavanger Deepsea Bergen Deepsea Yantai

The fleet

South Africa

11B/12B Outeniqua South

Drilling in a «river»

7-15 m heave BOP Drift offset – Max 160m Riser Angle – 9dg Wave heights 7.5 (15) m

Drilling in a «river»

The journey towards Zero emission drilling

1 2 3 4 5 6 7

Baseline Optimise power consumption Optimise power supply Green power supply Green power generation thousand tonne CO2 per well

Wired drill pipe

Coaxial cable enables 57,600 bps

Mud pulse communication

Data rate 12 – 24 bps (bits per second)

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Well Services – wired drill pipe

Strategic focus and priorities

Frontrunner in the green shift

Maintain sufficient financial strength and sound leverage ratio

Continue to develop as a strong service provider Continuous business improvement program Healthy order backlog Be the preferred harsh environment driller

Value-adding growth Secure sustainable dividend capacity

Priorities Strategic Focus

Questions?