Valaris (VAL) Earnings Call Presentation

Valaris Overview - Valaris has the largest offshore drilling fleet with 49 rigs, including 15 high-spec floaters and 34 jackups[4] - The company's contract backlog stands at $4.2 billion as of April 30, 2025[4] - Valaris anticipates FY 2025 EBITDA in the range of $500 million to $560 million[4] - Valaris' drillship fleet is comprised of 92% 7th generation assets (12 out of 13)[4] - Valaris has maintained a revenue efficiency of 96%+ for four consecutive years[4] Fleet Positioning and Demand - The Golden Triangle is expected to account for 70% of benign environment floater demand through 2029[5] - Jackup fleet is primarily positioned in the North Sea (57%) and Middle East (19% excluding Saudi Arabia)[13] - Benign environment floater demand in 2026-2028 is expected to be ~10% higher on average compared to 2024-2025[34] Financial Performance and Strategy - $325 million has been returned to shareholders since the start of the share repurchase program in 2023[45]