www.kcadeutag.com

KCA Deutag is a leading international drilling and engineering

company working onshore and offshore with a focus on safety,

quality and operational performance

First Quarter 2013

Investor Presentation

Disclaimer

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The distribution of this presentation in certain jurisdictions may be restricted by law. Persons into whose possession this presentation comes are required to inform themselves about and to observe any such restrictions.

This presentation contains forward-looking statements concerning KCA DEUTAG. These forward-looking statements are based on management’s current expectations, estimates and projections. They are subject to a number of assumptions and involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from any future results and developments expressed or implied by such forward-looking statements. KCA DEUTAG has no obligation to periodically update or release any revisions to the forward-looking statements contained in this presentation to reflect events or circumstances after the date of this presentation.

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Agenda

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Introduction

Industry highlights and challenges

Health, safety and environmental performance

Business overview

Summary

Group results and contract backlog

Industry highlights and challengesThe Oil & Gas industry in 2013

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Industry Highlights Industry Challenges

� Robust oil price continues to support global E&P activity, including marginal fields.

� Increasing day rates in the jack-up market.

� Strong demand for land rigs and further emerging markets.

x Potential impact of US shale developments on future global oil prices.

x Sourcing the additional personnel required for growth and replacing the aging workforce.

x Civil unrest in the parts of the AFMEA region.

Health, safety and environmental performance

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• Average Total Recordable Injury Rate at the end of March 2013 was 0.47 injuries per 200,000 manhoursworked.

• 4 of 5 BUs show an improved performance in Q1 2013 versus the past twelve months.

• The only exception is Platform Services, where an increase in recordable injuries for Q1 2013 was primarily caused by slips and trips on the way to the worksite.

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Q1 2

013

TRIR (average)

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Diversified business across both onshore and offshore

Onshore (c.50% of EBITDA) Offshore (c.50% of EBITDA)

Q1

20

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Up

da

te

Approximately 50% of EBITDA generated in asset light businessesEBITDA stated before normalisation adjustments and excluding central overheads* KCAD’s 49% stake in the Intairdril Libya Ltd JV (which held 3 workover rigs ) was sold for $3.5m on 3 April, with payment receivedon 15 April.

30%44%

Q1

20

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EB

ITD

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16%

5% 5%

As

se

t-li

gh

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n/a

Co

ntr

ac

t te

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3 – 5 years + options1 – 5 years + options 1 – 3 yearsn/a

� � �

Se

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t d

es

cri

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MODUs

� Owns and operates fleet of 2 jack-ups and 3 barge type self erecting tender (SET) rigs

� High visibility of earnings with all rigs majority contracted for 2013

Bentec

� Design and manufacture of premium land rigs and key components

� Capacity for 12-16 rigs and 36 top drives p.a.

� Provision of after sales services

Platform Services

� Leading global platform service operator outside of North America

� 36 platform rigs under management

� Operations in UK North Sea, Norway, Russia, Azerbaijan and Angola

Land Drilling

� Leading International premium drilling contractor

� High end fleet of 54 drilling and 12 workoverrigs*

� Track record of executing complex wells in harsh environments

RDS

� Design and refurbishment of offshore drilling facilities and MODUs

� Engineering from concept to commission

� Employs 650 engineers and support staff across the globe

Significant new contracts - Cat J Project

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Contract nature

Management, operation and maintenance of two Category J jack-up rigs which will operate on the Norwegian Continental Shelf.

Rigs will be owned by Statoil - KCA Deutag will supervise construction.

Contract length & Timeframes

Initial period of 8 years with the option to extend by 4 further periods of 3 years (i.e. contract has potential to operate for 20 years).Project management services begin June 13 with full drilling services beginning Q4 2016 (rig 1) and Q1 2017 (rig 2).

Customer Statoil

Contract value USD 900million for the initial 8 years; $2.2billion including options.

“A key milestone for KCA Deutag. This contract award extends a long standing relationship and productive relationship with Statoil and recognises our efforts to deliver continuous improvement and value to our Clients” said Rune Lorentzen, President of Offshore at KCA Deutag.

Significant new contracts – Shwe Platform

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Contract natureAn operating and maintenance drilling services contract for the ShwePlatform based in Myanmar.

Contract length & Timeframes

2 Years - the rig start up process for this contract has commenced, with personnel mobilisation also underway.

Customer Daewoo International Corporation

Contract value Not disclosed

Rune Lorentzen said: “South East Asia is an area where we have developed a strong and continually growing presence. This contract with Daewoo International Corporation is our second contract in Myanmar and strengthens our position in the region. With existing projects underway, and a number of further opportunities identified, we are in a good position to continue to develop KCA Deutag in an emerging market which offers extensive oil and gas potential.”

Land DrillingFinancial Performance to 31 March 2013

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Q1 2013$m

Q1 2012$m

Var$m

2013 YTD$m

2012 YTD$m

Var$m

Revenue 146.8 125.5 21.3 146.8 125.5 21.3

EBITDA 29.2 28.6 0.6 29.2 28.6 0.6

• Strong Q1 performance.

• Robust demand and contract activity.

• New rig start ups – Russia & N Iraq.

• Increased NPT in Oman and start up costs in Libya related to the restart of operations.

• Europe utilisation down in Q1 vs. prior year.

• Nigeria down slightly (rig moves & planned retiral of the T41 rig).

BentecFinancial Performance to 31 March 2013

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Q1 2013$m

Q1 2012$m

Var$m

2013 YTD$m

2012 YTD$m

Var$m

Revenue 40.9 41.3 (0.3) 40.9 41.3 (0.3)

EBITDA 3.3 3.9 (0.7) 3.3 3.9 (0.7)

• Continuing to focus on 3rd party sales.

• New rig order from Todd energy in New Zealand secured.

• Work on 4 rigs for a customer in Algeria and 1 rig for a customer in Russia in progress.

• Top drive demand remained strong with 7 sold during the quarter.

Platform ServicesFinancial Performance to 31 March 2013

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Q1 2013$m

Q1 2012$m

Var$m

2013 YTD$m

2012 YTD$m

Var$m

Revenue 169.5 143.7 25.8 169.5 143.7 25.8

EBITDA 19.7 22.1 (2.4) 19.7 22.1 (2.4)

• Continued strong performance across all locations.

• Year on year improvement in Norway and Sakhalin.

• EBITDA reduction in Azerbaijan vs prior year due to gain on sale of an asset in 2012 of $3.3m – but underlying activity remains strong.

RDSFinancial Performance to 31 March 2013

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Q1 2013$m

Q1 2012$m

Var$m

2013 YTD$m

2012 YTD$m

Var$m

Revenue 81.4 65.6 15.8 81.4 65.6 15.8

EBITDA 10.8 6.8 4.0 10.8 6.8 4.0

• RDS continues to benefit from strong demand for premium engineering design services to the offshore sector.

• Performance driven by work on the Chirag, BP Clair, Woodside Browse and Hebron (Canada) projects.

MODUsFinancial Performance to 31 March 2013

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Q1* 2013$m

Q1* 2012$m

Var$m

2013* YTD$m

2012* YTD$m

Var$m

Revenue 43.0 46.0 (3.0) 43.0 46.0 (3.0)

EBITDA 7.1 13.0 (5.9) 7.1 13.0 (5.9)

* Ben Avon was sold for gross proceeds of $55m to Hercules Offshore in March 2013, thus reducing the fleet of MODUs to five (2012: six). Figures above are shown excluding Ben Avon Revenue and EBITDA for both 2012 and 2013: Q1 Revenue relating to Ben Avon was $6.5m (2012) and $nil (2013); Q1 EBITDA relating to Ben Avon was $0.9m (2012) and $(3.5)m (2013)

• The results of the Ben Avon have been excluded in the numbers above (refer footnote).

• Delayed start up of the Glen Esk gave rise to the majority of the shortfall.

• The Ben Rinnes, Ben Loyal, Glen Tanar and Glen Affric all operating on contract.

Group ResultsFinancial Performance to 31 March 2013

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Cash Flow and Working CapitalFinancial Performance to 31 March 2013

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Free Cash Flow Working Capital

(38)

(90)-100

-90

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-70

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0Q1 2013 Delta Q1 2012 Delta

Working Capital Delta

Working CapitalDelta

• The negative cashflow from operating activities in Q1 2013 is primarily driven by the negative working capital movement.

• The cashflow from investing activities benefits from the sale of the Ben Avon jack up rig. Capex at $39.5m in Q1 2013, was reduced versus the $60.5m in Q1 2012 as growth capex nears completion.

• During Q1 2013 a further $40m of shareholder equity was injected to support the growth capex program.

• Normal seasonal Q1 unwind of early year end collections.

• Delayed collections in MODUs and certain customers in Russia and Nigeria.

• Payables which had increased at year end due to high activity levels on the SPS of two MODUs returned to more normal levels.

Cashflow

($m) Q1 '13 Q1 '12

2013

YTD

2012

YTD

Cashflow from operating activities (47) 14 (47) 14

Cashflow from investing activities (0) (70) (0) (70)

Equity injection 40 - 40 -

Foreign Exchange 10 (4) 10 (4)

Net cashflow before debt repayment 3 (59) 3 (59)

Repayment of debt (15) - (15) -

Net cashflow (12) (59) (12) (59)

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-31

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630

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530

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500

-200 0 200 400 600 800 1000 1200 1400

Cash

Liquidity facilities

TLB & capex facility

TLC

Senior secured notes

New liquidity facility

LC Facility

Q1 2013: $1,196mQ1 2013: $1,196m

180.0

530.0 500.0

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2013 2014 2015 2016 2017 2018

Capital Structureas at 31 March 2013

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Pro forma Maturity profile –available facilities ($m)

Net debt ($m)

Q1 2012: $1,132m 3

Q1 2013 Proforma: $1,246m

Contract Backlog* now over $8 billion

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*Please refer to Offering Memorandum for explanation of methodology of backlog calculation.

$1,135.8m

$3,974.5m

$265.4m$324.3m

$151.7m

Total Contract Backlog by BU – Per OM

Land Platforms MODUs RDS Bentec

$1,221.2m

$6,306.3m

$270.6m$359.4m $187.0m

Current Contract Backlog by BU

Land Platforms MODUs RDS Bentec

1530732 897

315989

193

2411

2693

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2013 2014 2015+ Total Backlog

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Contract Backlog per OM

Options

Firm

$1,619m$925m

$3,308m

$5,852m

1803803

1897

450330

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3841

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Current Contract Backlog

Options

Firm

$1,833m

$958m

$5,553m

$8,344m

Summary

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• Majority of BUs are trading in line with, or ahead of management expectations.

• Future performance continues to be supported by strong order backlog, which has been significantly enhanced by the recent award of the $2bn Cat-J contract by Statoil.

• Successful refinancing has significantly improved the Group’s debt maturity profile, while also providing additional liquidity facilities.

• Overall the Group remains on track to meet its targets for 2013.

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Q & A