Valaris Market Overview and Strategic Positioning

Valaris Rebranding Strategic Positioning • Establish capabilities as a larger, more global offshore driller - Technologically-advanced, highly capable fleet of deep- and shallow- water rigs - Largest global footprint Focus on operational efficiency and excellence - Decades of expertise and knowledge Customer Alignment Reinforce our role as a partner to customers - Trusted to be there where needed and when needed - Instill confidence in our ability to do the job well, with an emphasis on integrity and safety Unrelenting customer-focus Employee Alignment VALARIS • Accelerate cultural alignment - - Encourage employee behaviors that are in line with our values, helping us to achieve our purpose Create unifying identity so employees associate with the new, combined company instead of legacy companies

View entire presentation