Core Points - The Annual General Meeting of Shareholders for Borr Drilling Limited is scheduled for May 21, 2025 [1] - The record date for determining shareholders entitled to vote is set for March 6, 2025 [1] Company Information - A copy of the Notice of the Annual General Meeting and Form of Proxy will be distributed to shareholders [2] - Additional information, including the Company's Annual Report, is available on the Company's website [2] - Contact for further inquiries is Magnus Vaaler, CFO, with a provided phone number [2]

Financial Data and Key Metrics Changes - Operating revenue increased by $21.5 million over Q3, primarily driven by higher day rates for the Net and Prospector One [6] - Adjusted EBITDA for the quarter was $136.7 million, an increase of $21.2 million or 18% compared to the third quarter [18] - Net income for the fourth quarter was $26.3 million, an increase of $16.6 million, resulting in earnings per share of $0.11 [18] - Free cash position at the end of Q4 was $61.6 million, with total available liquidity of $211.6 million [19] Business Line Data and Key Metrics Changes - Technical utilization rate was 98.9% and economic utilization rate was 97.1% [7] - Approximately 6,700 contracted rig days in 2025, representing 77% of total available rig days, at an average day rate of $149,000 compared to $136,000 in 2024 [11] Market Data and Key Metrics Changes - A weaker market was observed with rig suspensions in Saudi Arabia and Mexico, but this was partially offset by incremental demand in West Africa and Southeast Asia [8] - Modern rig market utilization stands at 93%, with just under 90% if adjusted for suspensions [28] - In Mexico, approximately twelve rigs or 45% of PEMEX's contracted fleet are currently suspended, affecting production levels [33] Company Strategy and Development Direction - The company has completed its new build program and will focus on reducing idle periods and strengthening backlog visibility into 2026 [10][36] - The board declared a cash distribution of $0.02 per share for Q4 2024, reflecting a focus on maintaining a strong balance sheet [13] - The company anticipates budgeted capital expenditures for 2025 to be below $50 million [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong fundamentals of the global jackup market despite near-term uncertainties [9][39] - The company expects to face headwinds in the first quarter of 2025 due to rig suspensions but remains optimistic about the recovery in the second half of the year [12][34] - Management highlighted the importance of the Mexican government's commitment to stabilize production and payments, which is expected to positively impact operations [51][72] Other Important Information - The company secured $795 million in backlog at an average rate of $177,000 per day in 2024 [24] - The company has an existing share repurchase authorization which can be used opportunistically [13] Q&A Session Summary Question: Leading edge day rates - Management noted that leading edge day rates for benign market jackups have been around $120,000 to $130,000, with some markets experiencing higher competition [44][46] Question: Update on rigs in Mexico - Management confirmed that three temporarily suspended rigs are expected to return to work in the second quarter, with a strong focus on getting production back up [50][52] Question: Latest in Saudi Arabia - Management indicated that the situation in Saudi Arabia remains steady, with a focus on offshore gas work and potential large EPC contracts being awarded [56][58] Question: Future payment schedules in Mexico - Management acknowledged the challenges in payment regularity but expressed optimism about the government's efforts to stabilize the situation and increase private investments [67][72] Question: Dialogue with clients and contract timing - Management reported constructive discussions with clients, with an increasing number of opportunities building up in the pipeline for 2025 and 2026 [86][88] Question: Financial policy going forward - Management emphasized a focus on strengthening the balance sheet and conserving cash, with plans to evaluate debt repayment and share buybacks later in the year [106][108]

Q4 2024 PRESENTATION February 20, 2025 3 Liquidity includes undrawn RCF of $150 million 3 Key Financials Q4 2024 74,2 87,9 94,2 111,5 116,8 136,4 115,5 136,7 0 50 100 150 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Forward Looking Statement This announcement and related discussions include forward looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements do not reflect historical facts and may be id ...

Group 1 - Borr Drilling Limited's Board of Directors has approved a cash distribution of paid-in capital of US$0.02 per share for the fourth quarter of 2024 [1] - The record date for shareholders is March 3, 2025, with the ex-date also set for March 3, 2025, and the payment date expected to be on or about March 19, 2025 [1] - For shareholders registered in Euronext VPS, the ex-date is February 28, 2025, and the payment date is expected to be on or about March 24, 2025 [2]

Core Viewpoint - Borr Drilling Limited has reached an agreement with a major Mexican customer to settle approximately $125 million in outstanding receivables, which is expected to be collected in the first half of February 2025 [1][2]. Financial Summary - The $125 million payment represents over 75% of the outstanding receivables with this customer as of December 31, 2024 [2]. - The collections will incur an agreed financing fee in the mid-single digit percentage range [2]. Industry Implications - The CEO of Borr Drilling highlighted that the commitments from the Mexican government and PEMEX towards a sustainable supplier payment mechanism will positively impact future offshore drilling opportunities in Mexico [3].

Group 1 - Borr Drilling Limited plans to release its financial results for the fourth quarter of 2024 on February 19, 2025, after the close of the New York Stock Exchange [1] - A conference call and webcast are scheduled for February 20, 2025, at 15:00 CEST (9:00 AM New York Time) [1] - Participants are encouraged to join the call 10 minutes early [1] Group 2 - The earnings report, webcast, and accompanying presentation will be available on the Investor Relations section of the company's website [2] - Access to the webcast can be obtained through a provided link [2] - Registration for the conference call is available via a separate link [2] Group 3 - Participants will receive dial-in details on screen and via email, with options to dial in using a unique pin or to use the "Call me" feature [3] - A replay of the call will be available for streaming after the call concludes [4] - For further inquiries, contact Magnus Vaaler, CFO, at the provided phone number [4]

Core Viewpoint - Borr Drilling Limited will present at the Fearnley Securities' Annual Offshore Drilling Seminar in New York and London on January 15 and 16, 2025, respectively [1]. Company Information - The presentation will be available on the Company's website at www.borrdrilling.com [1]. - The CFO of the Company, Magnus Vaaler, can be contacted for questions at +44 1224 289208 [1]. Event Details - The seminar will take place on January 15 and 16, 2025, in New York and London [1]. - A copy of the presentation is enclosed with the release and can also be downloaded [1].

Core Insights - The article reflects on a transformative personal journey that emphasizes self-sufficiency and a shift from urban life to a more natural existence in the woods, highlighting the importance of adapting to change and the spiritual nature of this journey [1] Group 1: Personal Transformation - The decision to leave urban life for a self-built yurt in the boreal forest represents a significant life change, leading to a deeper understanding of self-sufficiency and personal fulfillment [1] - The experience of living in isolation has replaced anxiety with love, showcasing the psychological benefits of connecting with nature [1] - The author emphasizes that personal growth and learning from mistakes are more valuable than comparing investment returns with others [1] Group 2: Investment Philosophy - The article discusses the importance of timing in maximizing the impact of actions, indicating that poor timing can lead to destructive outcomes [1] - The author views life as a call option, willing to embrace volatility for greater rewards, suggesting a parallel to investment strategies that accept risk for potential high returns [1] - There is a desire to merge macro and micro perspectives in research, indicating a holistic approach to understanding market dynamics [1]

Core Insights - The article highlights the investment strategies and achievements of Paul Franke, a seasoned investor with 38 years of trading experience, emphasizing his contrarian stock selection style and the development of a system called "Victory Formation" for identifying stocks based on supply/demand imbalances [1] Group 1: Investment Strategies - Paul Franke suggests using 10% or 20% stop-loss levels on individual stock choices and advocates for a diversified portfolio of at least 50 well-positioned stocks to achieve consistent outperformance in the stock market [1] - The "Bottom Fishing Club" articles focus on deep-value candidates or stocks that are experiencing significant upward technical momentum reversals [1] - The "Volume Breakout Report" articles discuss positive trend changes supported by strong price and volume trading actions [1] Group 2: Performance and Recognition - Franke was consistently ranked among the top investment advisors nationally during the 1990s and achieved the 1 ranking in the Motley Fool® CAPS stock picking contest during parts of 2008 and 2009, out of over 60,000 portfolios [1] - As of September 2024, he is ranked in the Top 3% of bloggers by TipRanks® for 12-month stock picking performance based on suggestions made over the last decade [1]

HAMILTON, Bermuda, Dec. 12, 2024 /PRNewswire/ -- Borr Drilling Limited ("Borr Drilling" or the "Company") (NYSE: BORR) (OSE: BORR) refers to i) its announcement on 6 November 2024, where the Company announced the authorization by its Board of Directors of a commitment to repurchase $20 million worth of shares within year end 2024, under its previously announced $100 million share repurchase authorization, and ii) the announcement on November 20, 2024, where the Company announced the completion of the first ...