Valaris Earnings Report

Delivering safe, reliable and efficient operations is our primary focus FOCUSED VALUE DRIVEN RESPONSIBLE Safety Reliability Efficiency Objectives Objectives Objectives Control Process Safety Risk Maximize Rig Uptime Performance Maximize Productivity of Well Construction Reduce Personal Safety Exposure Minimize Environmental Impact 97% Revenue Efficiency in 2022 and 98% in 2021 Tools License to Drill Program Well Control Training Center Safe Systems of Work Operational Assurance & Audit Program BOLD Offshore Supervisor Training Tools Tools Valaris Asset Management System (VAMS) Technical Support Center (TSC) Valaris Intelligence Platform (VIP) Valaris Intelligence Platform (VIP) Micro KPIs, e.g., Tripping and Slip-to-Slip Connection VALARIS OPERATIONAL EXCELLENCE 10

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