Dolphin Drilling (DDRIL) DNB Carnegie’s Energy & Shipping Conference 2026 presentation summary

Strategic focus and operational objectives

• Aims to create a stable, efficient, and investable platform for growth.

• Prioritizes safe, reliable, and resilient operations across its fleet.

• Seeks to extend contract backlog and address 2026 financing needs.

• Focuses on reducing structural costs while maintaining safety and performance.

Operational experience and fleet overview

• Extensive operational history since 1965, with licenses in major offshore basins including the North Sea and Brazil.

• Operates semi-submersibles, drillships, and jackups in harsh and benign environments.

• Fleet includes Blackford Dolphin, Borgland Dolphin, and Paul B. Loyd Jr., all with active or upcoming contracts.

• Recent rig survey completed for Paul B. Loyd Jr., ready for five years of operation with limited investment.

Financial performance and contract status

• Q4 EBITDA reached USD 8.2 million, with two rigs on contract for the full period.

• Achieved cost improvements and benefits from tight rig supply and positive market sentiment.

• Firm revenue contract backlog stands at USD 216 million, with USD 353 million in options.

• Booked USD 100 million in new contract backlog in the recent quarter.