Seadrill Limited

(NYSE: SDRL)
July 3, 2017

Analyst Consensus About Seadrill Limited

Rating1 Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry
worldwide. The company operates through three segments: Floaters, Jack-up Rigs, and Other. The Floaters seg-
ment provides drilling, completion, and maintenance services for offshore exploration and production wells. Its
drilling contracts relates to semi-submersible rigs and drillships for harsh and benign environments in mid, deep,
and ultra-deep waters. The Jack-up Rigs segment offers various services, such as drilling, completion, and main-
tenance of offshore exploration and production wells. This segments drilling contracts relate to jack-up rigs for
operations in harsh and benign environment. The Other segment provides management services to third parties.
As of April 21, 2017, the company had a fleet of 38 offshore drilling units that consisted of 12 semi-submersible
rigs, 7 drillships, and 19 jack-up rigs. It serves oil and gas exploration and production companies comprising inte-
grated oil companies, government-owned oil companies, and independent oil and gas producers. Seadrill Limited
was founded in 2005 and is headquartered in Hamilton, Bermuda.

Overview Key Data

Sector Basic Materials Last Trade $0.36
Industry Oil & Gas Drilling & Ex- Price Range (52 week) 0.3500 - 4.5900
ploration Avg Volume (13 Week) 9,665,701
Full Time Employees 5,196
Contents IPO Year N/A
Shares Outstanding
Mkt Cap
504,440,000
$181,900,000
Enterprise Value N/A
Book Value per Share $18.98
1. Overview
Dividend Yield --

2. Technical Data

3. Key Ratios

4. Earnings & Analyst

5.6. Financial Statements
7. Company Insiders
8. Disclaimer
Highlights & Recent Developments
On June 28, 2017, Seadrill Limited announces that it has amended the revolving
credit facility provided to North Atlantic Drilling Ltd., a majority owned subsidiary,
to mature on July 31, 2017 and increased it to $150 million. This interim fund-
ing arrangement has been put in place while broader restructuring negotiations
continue at both companies.

The facility was originally entered into on January 31, 2017 for $25 million matur-
ing on March 31, 2017. On April 25, 2017 the facility was amended to mature on
June 30, 2017 and increased to $50 million.

1
Analyst Consensus Rating based on publicly Page 1 of 8 2017 Research Driven Investing.
reported third party data. See disclaimer. All rights reserved.
 Seadrill Limited
(NYSE: SDRL)
July 3, 2017

Technical Data
Price Information
52 Week Low 0.3500
52 Week High 4.5900
50 Day Moving Average $0.47
200 Day Moving Average $1.54
Average Daily Volume (13Wk) 9,665,701

Support / Resistance
Type Value Confluence
resist. 119.78 1
supp 117.3 28
supp 115.55 6
supp 112.59 3
supp 110.84 2
supp 108.92 4
supp 107.34 2

Technical Signals Indicator Signal Strength Direction

Composite Indicator Trend Spotter Sell Minimum Weakening
7 Day Average Directional Indicator Sell Weak Strengthening
10 - 8 Day Moving Average Hilo Channel Sell Minimum Weakening
Short-Term Indicators 20 Day Moving Average vs Price Sell Minimum Weakening
20 - 50 Day MACD Oscillator Sell Minimum Weakest
20 Day Bollinger Bands Hold Rising
40 Day Commodity Channel Index Sell Minimum Weakest
50 Day Moving Average vs Price Sell Minimum Weakest
Medium-Term Indicators
20 - 100 Day MACD Oscillator Sell Average Weakest
50 Day Parabolic Time/Price Sell Minimum Average
60 Day Commodity Channel Index Sell Weak Weakest
Long-Term Indicators 100 Day Moving Average vs Price Sell Weak Weakest
50 - 100 Day MACD Oscillator Sell Average Weakening

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 Seadrill Limited
(NYSE: SDRL)
July 3, 2017

Key Statistics & Ratios

Valuation Ratios
Company Industry Sector
P/E Ratio (TTM) 0.00 1.47 16.06
P/E High - Last 5 Yrs. 15.75 18.75 31.18
P/E Low - Last 5 Yrs. 1.44 6.27 10.21
Beta 2.67 1.18 0.80
Price to Sales (TTM) 0.06 1.87 15.29
Price to Book (MRQ) 0.02 0.71 2.18
Price to Tangible Book (MRQ) 0.02 0.90 3.32
Price to Cash Flow (TTM) 0.29 1.49 9.66
Price to Free Cash Flow (TTM) N/A N/A N/A
% Owned Institutions 30.7% 3.5% 0.3%

Growth Rates
Company Industry Sector
Sales (MRQ) vs Qtr. 1 Yr. Ago -36.1% 577.1% 27.7%
Sales (TTM) vs TTM 1 Yr. Ago -28.5% -32.7% -0.3%
Sales - 5 Yr. Growth Rate -5.4% -8.2% -8.0%
EPS (MRQ) vs Qtr. 1 Yr. Ago -52.9% -749.0% 127.4%
EPS (TTM) vs TTM 1 Yr. Ago 80.7% 0.0% 0.0%
EPS - 5 Yr. Growth Rate 0.0% 0.3% -15.6%
Capital Spending - 5 Yr. Growth -43.7% -12.8% -11.7%
Rate
Management Effectiveness
Financial Strength Company Industry Sector
Company Industry Sector Return On Assets (TTM) -0.8% -9.3% 7.3%
Quick Ratio (MRQ) 0.00 1.19 1.41 Return On Assets - 5 Yr. Avg. 6.3% 0.5% 5.8%
Current Ratio (MRQ) 0.56 1.50 1.69 Return On Investment (TTM) -1.1% -11.7% 14.4%
LT Debt to Equity (MRQ) 65.55 231.74 28.65 Return On Investment - 5 Yr Avg 7.8% 0.6% 5.9%
Total Debt to Equity (MRQ) 101.27 263.76 40.00 Return On Equity (TTM) -2.0% -29.3% 13.5%
Interest Coverage (TTM) 10.12 4.18 9.21 Return On Equity - 5 Yr. Avg. 17.3% -0.2% 13.0%

Profitability Efficiency
Company Industry Sector Company Industry Sector
Gross Margin (TTM) 65.2% 45.2% 31.8% Revenue/Employee (TTM) 595,607 641,646
Gross Margin - 5 Yr. Avg. 59.8% 55.7% 24.0% Net Income/Employee (TTM) -38,912 -291,066
EBITD Margin (TTM) 57.7% 0.0% 0.0% Receivable Turnover (TTM) 5.24 3.64 8.22
EBITD - 5 Yr. Avg. 54.0% 58.1% 59.8% Inventory Turnover (TTM) 0.00 3.52 10.71
Operating Margin (TTM) -1.5% -39.0% -4.1% Asset Turnover (TTM) 0.13 0.17 0.63
Operating Margin - 5 Yr. Avg. 27.1% 88.8% 6.0%
Pre-Tax Margin (TTM) -2.7% -56.5% 26.0%
Dividends
Company Industry Sector
Pre-Tax Margin - 5 Yr. Avg. 36.4% 81.8% 2.7%
Dividend Yield 0.0% 0.7% 2.5%
Net Profit Margin (TTM) -6.5% -58.5% 56.5%
Dividend Yield - 5 Year Avg. 0.0% 1.5% 2.4%
Net Profit Margin - 5 Yr. Avg. 32.7% 77.8% -1.5%
Dividend 5 Year Growth Rate 0.0% -6.6% -4.4%
Effective Tax Rate (TTM) 0.0% 1.4% 1.2%
Payout Ratio (TTM) 0.0% 0.4% 9.8%
Effective Tax Rate - 5 Yr. Avg. 10.0% 55.2% 32.9%

Page 3 of 8 2017 Research Driven Investing.

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 Seadrill Limited
(NYSE: SDRL)
July 3, 2017

Earnings & Analyst Data

EPS Estimates Dividend Payments
# of Ests. Mean Est. High Est. Low Est. Dividend Ex-dividend Date Payable
Quarter Ending Sep-17 9 -$0.03 $0.17 -$0.13 Amount Date
Quarter Ending Dec-17 9 -$0.16 -$0.06 -$0.26 $0.88 5/6/2013

Year Ending Dec-17 13 -$0.15 $0.16 -$0.64 $1.00 9/4/2014 9/18/2014

Year Ending Dec-18 16 -$0.80 $0.22 -$1.81 $1.00 6/10/2014 6/19/2014

$0.98 3/5/2014 3/20/2014
$0.95 12/3/2013
EPS Historical Surprises $0.91 9/5/2013 9/20/2013
Estimates Actual Difference Surprise % $1.70 12/4/2012
Quarter Ending Mar-17 $0.00 $0.06 $0.06 59900.00% $0.84 9/4/2012 9/20/2012
Quarter Ending Dec-16 $0.18 $0.19 $0.01 8.51% $0.82 5/22/2012 6/7/2012
Quarter Ending Sep-16 $0.22 $0.36 $0.14 63.87% $0.80 3/8/2012 3/23/2012
Quarter Ending Jun-16 $0.42 $0.65 $0.23 55.69% $0.76 12/8/2011
Quarter Ending Mar-16 $0.38 $0.40 $0.02 4.05% $0.75 9/6/2011 9/20/2011
$0.70 6/6/2011 6/17/2011
$0.68 3/2/2011 3/16/2011
Analyst Recommendation Summary $0.65 12/16/2010
1-5 Linear Scale Current 1 Month Ago 2 Months 3 Months $0.61 9/8/2010 9/24/2010
Month Ago Ago
$0.60 6/15/2010 7/2/2010
(1) BUY 0 0 0 0
(2) OUTPERFORM 2 2 1 1
(3) HOLD 0 2 3 3
(4) UNDERPERFORM 5 5 5 6
(5) SELL 1 1 1 1
Mean Rating 3.62 3.50 3.60 3.64
Current Consensus Underperform

Analyst Upgrades & Downgrades

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 Seadrill Limited
(NYSE: SDRL)
July 3, 2017

Financial Statements
Figures in Millions of US Dollars (exept per share values)

Balance Sheet Annual Quarterly

Period Ending 31-Dec-16 31-Dec-15 31-Dec-14

Assets
Cash And Cash Equivalents 1,443 1,094 1,099 - - - -
Short Term Investments 110 96 426 - - - -
Net Receivables 838 1,357 1,419 - - - -
Inventory -- -- -- - - - -
Other Current Assets 495 395 356 - - - -
Total Current Assets 2,886 2,942 3,300 - - - -
Long Term Investments 2,691 3,502 3,717 - - - -
Property Plant and Equipment 15,976 16,583 18,326 - - - -
Goodwill -- -- 604 - - - -
Intangible Assets -- -- -- - - - -
Accumulated Amortization -- -- -- - - - -
Other Assets 101 331 311 - - - -
Deferred Long Term Asset Charges 12 81 39 - - - -
Total Assets 21,666 23,439 26,297 - - - -

Liabilities
Accounts Payable 176 293 84 - - - -
Short/Current Long Term Debt 3,195 1,489 2,456 - - - -
Other Current Liabilities 1,352 1,560 1,992 - - - -
Total Current Liabilities 4,723 3,342 4,532 - - - -
Long Term Debt 6,649 9,492 10,559 - - - -
Other Liabilities 119 401 749 - - - -
Deferred Long Term Liability Charges 112 136 67 - - - -
Total Liabilities 11,603 13,371 15,907 -

Stockholders Equity
Misc Stocks Options Warrants -- -- -- - - - -
Redeemable Preferred Stock -- -- -- - - - -
Preferred Stock -- -- -- - - - -
Common Stock 1,008 985 985 - - - -
Retained Earnings 3,198 3,379 4,013 - - - -
Treasury Stock -- -- -- - - - -
Capital Surplus 5,262 5,231 5,214 - - - -
Other Stockholder Equity 53 (142) (448) - - - -
Total Stockholder Equity 9,521 9,453 9,764 - - - -
Net Tangible Assets (Book Value) 9,521 9,453 9,160 - - - -

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 Seadrill Limited
(NYSE: SDRL)
July 3, 2017

Income Statement Annual Quarterly

Period Ending 31-Dec-16 31-Dec-15 31-Dec-14
Total Revenue 3,169 4,335 4,997 -- -- -- --
Cost of Revenue 1,076 1,710 2,110 -- -- -- --
Gross Income 2,093 2,625 2,887 -- -- -- --
Research and Development 234 248 315 -- -- -- --
Selling General and Administrative 44 563 232 -- -- -- --
Non Recurring 810 779 693 -- -- -- --
Others -- -- -- -- -- -- --
Total Operating Expenses 1,088 1,590 1,240 -- -- -- --
Operating Income or Loss 1,026 1,019 2,279 -- -- -- --
Total Other Income(Expenses) Net (853) (1,286) 2,903 -- -- -- --
Earnings Before Interest And Taxes 456 (12) 4,584 -- -- -- --
Interest Expense 412 415 478 -- -- -- --
Income Tax Expense 44 (427) 4,106 -- -- -- --
Net Income From Continuing Ops 102 (442) 4,013 -- -- -- --
Other Items not from Continuing Operations -- -- -- -- -- -- --
Net Income attributable to the Company (181) (634) 3,979 -- -- -- --
Preferred Stock And Other Adjustments -- -- -- -- -- -- --
Net Income Applicable To Common Shares (181) (634) 3,979 -- -- -- --

Cash Flow Statement Annual Quarterly

Period Ending 31-Dec-16 31-Dec-15 31-Dec-14
Net Income (181) (634) 3,979 -- -- -- --

Operating Activities
Depreciation 790 702 616 -- -- -- --
Adjustments To Net Income 555 1,639 (2,671) -- -- -- --
Changes In Accounts Receivables 258 332 (82) -- -- -- --
Changes In Liabilities (166) (121) (592) -- -- -- --
Changes In Inventories -- -- -- -- -- -- --
Changes In Other Operating Activities (98) (129) 216 -- -- -- --
Total Cash Flow From Operating Activities 1,184 1,788 1,574 -- -- -- --
Investing Activities
Capital Expenditures (136) (935) (2,873) -- -- -- --
Investments 342 714 3,070 -- -- -- --
Other Cash flows from Investing Activities 122 31 (131) -- -- -- --
Total Cash Flows From Investing Activities 328 (190) 66 -- -- -- --

Financing Activities
Dividends Paid (7) (14) (1,466) -- -- -- --
Sale Purchase of Stock (10) (10) 97 -- -- -- --
Net Borrowings (1,188) (1,356) (157) -- -- -- --
Other Cash Flows from Financing Activities (1) (1) 5 -- -- -- --
Total Cash Flows From Financing Activities (1,206) (1,370) (1,521) -- -- -- --
Effect Of Exchange Rate Changes 18 (15) (6) -- -- -- --
Other Liabilities 119 401 749 - - - -

Page 6 of 8 2017 Research Driven Investing.

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 Seadrill Limited
(NYSE: SDRL)
July 3, 2017

Company Insiders

Company Officers
Name Age Since Current Position Basic Compensation Options Options Value
Hugh Grant 58 2012 Chairman of the Board, Chief Executive Officer $11,841,000 1,791,440 $59,207,700
Brett Begemann 56 2013 President, Chief Operating Officer $5,657,880 27,980 $461,112
Pierre Courduroux 51 2011 Chief Financial Officer, Senior Vice President $2,901,340 8,200 $503,572
Steven Mizell 56 2016 Chief Human Resource Officer, Executive Vice President $5,223,530 -- --
Robert Fraley 63 2000 Executive Vice President, Chief Technology Officer $3,415,610 471,736 $13,954,593
David Snively 62 2010 Executive Vice President, General Counsel, Secretary $2,520,910 21,380 $763,055
Kerry Preete 56 2016 Executive Vice President and Chief Strategy Officer $4,259,120 25,490 $435,528
Michael Frank 52 2016 Senior Vice President, Chief Commercial Officer $3,688,540 -- --
Janet Holloway 62 2007 Senior Vice President, Chief of Staff and Community -- -- --
Relations
Nicole Ringenberg 55 2009 Vice President, Controller -- -- --
Duraiswami Narain 53 2015 Vice President, Treasurer -- -- --
Michael Stern 55 2016 Vice President, Chief Executive Officer - Climate -- -- --
Robert Stevens 65 2011 Lead Independent Director $335,012 -- --
Dwight Barns 53 2016 Independent Director $367,471 -- --
Gregory Boyce 62 2016 Independent Director $250,056 -- --

Insider Transactions
Trading Date Name Title Type Shares Traded Price
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 Seadrill Limited
(NYSE: SDRL)
July 3, 2017

Disclaimer

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