Valaris Market Overview and Strategic Positioning

Innovation & Technology • Strategy Focused efforts on technology, systems and processes to differentiate our assets from the competition through better performance and reliability; key areas include: - Improvements to the drilling process – Equipment reliability Better productivity from our operations Drilling Process Efficiency Continuous Tripping Technology Equipment Maintenance EPIC • Continuous Tripping Technology TM is a patented system that fully automates the pipe tripping process without stopping to make or break connections, enabling 3x faster tripping speeds and delivering expected cost savings along with safer, more reliable operations Prototype installed on Valaris JU-123, and technology is actively being marketed to customers • Our scale provides us with the ability to economically develop and deploy new technologies across a wide asset base and geographic footprint CONTINUOUS SURVEY PROGRAM • Management systems increase operational uptime and decrease lifecycle costs by optimizing asset usage and maintenance activities Currently deploying systems across the fleet that leverage best practices from legacy companies Placing Jackups on Location PINSAFE SMART◆ MOVE • Proprietary technologies create significant cost savings for customers by optimizing jackup moves and reducing downtime spent waiting on weather Technology available on several jackups currently operating VALARIS 25

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