Valaris Ltd 2024年度报告

ShareholderInformation Table of Contents Forward-Looking Statements2Contract Drilling Fleet5Market for Registrant’s Common Equity,Related Shareholder Matters and IssuerPurchases of Equity Securities7Management’s Discussion and Analysis ofFinancial Condition and Results of Operations10Business Environment12Results of Operations14Liquidity and Capital Resources23Critical Accounting Policies and Estimates30New Accounting Pronouncements33Financial Statements and Supplementary Data34Management’s Report on Internal Control OverFinancial Reporting34Reports of Independent Registered PublicAccounting Firm35Consolidated Statements of Operations39Consolidated Statements ofComprehensive Income40Consolidated Balance Sheets41Consolidated Statements of Cash Flows42Notes to Consolidated Financial Statements43Board of Directors and Executive ManagementCommittee Members Annual General MeetingThe annual general meeting of shareholders will be held in the Juneland Room, Hamilton Princess, 76Pitts Bay Road, Pembroke, Hamilton, HM 08,Bermuda, at 8:00 a.m., Bermuda time and 6:00 a.m.Houston time, on June 12, 2025. Transfer Agent Registered holders of our shares may direct theirquestions to: Computershare Trust Company, N.A.150 Royall St., Ste 101Canton, MA 020211-800-736-3001 Email: web.queries@computershare.comHours: Monday through Friday, 8:30 a.m. to 6 p.m.(ET) Corporate Governance, Board and BoardCommitteesOur website, www.valaris.com, containsinformation regarding (i) the composition of ourBoard of Directors and board committees, (ii)corporate governance in general, (iii) shareholdercommunications with the Board, (iv) the ValarisCode of Business Conduct, (v) the Valaris CorporateGovernance Policy, (vi) Ethics Hotline reportingprovisions, and (vii) the charters of the boardcommittees. A direct link to the company’s SECfilings, including reports required under Section 16 ofthe Securities Exchange Act of 1934, is located in theInvestors section of our website. Copies of thesedocuments may be obtained without charge bycontacting Valaris Investor Relations. Reasonableexpenses will be charged for copies of exhibits listedin the back of SEC Forms 10-K and 10-Q. Please listthe exhibits you would like to receive and submityour request in writing to Valaris Investor Relationsat the address below. We will notify you of the costand furnish the requested exhibits upon receiptof payment. Valaris Investor Relations5847 San Felipe, Suite 3300Houston, Texas 77057-3008(713) 789-1400www.valaris.com FORWARD-LOOKING STATEMENTS Statements contained in this report that are not historical facts are forward-looking statements within themeaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Actof 1934, as amended (the "Exchange Act"). Forward-looking statements include words or phrases such as"anticipate," "believe," "estimate," "expect," "intend," "likely," "outlook," "plan," "project," "could," "may,""might," "should," "will" and similar words and specifically include statements regarding expected financialperformance; expected utilization, day rates, revenues, operating expenses, cash flows, contract status, terms andduration, contract backlog, capital expenditures, insurance, financing and funding; the offshore drilling market,including supply and demand, customer drilling programs, stacking of rigs, effects of new rigs on the market andeffect of the volatility of commodity prices; expected work commitments, awards, contracts and letters of intent; theavailability, delivery, mobilization, contract commencement or relocation or other movement of rigs and the timingthereof; rig reactivations, enhancement, upgrade or repair and timing and cost thereof; the suitability of rigs forfuture contracts; performance and expected benefits of our joint ventures, including our joint venture with SaudiArabian Oil Company ("Saudi Aramco"); timing of the delivery of the Saudi Aramco Rowan Offshore DrillingCompany ("ARO") newbuild rigs and the timing of additional ARO newbuild orders; divestitures of assets; generalmarket, business and industry conditions, trends and outlook; general political conditions, including politicaltensions, conflicts and war; the impacts and effects of public health crises, pandemics and epidemics; futureoperations; the effectiveness of our cybersecurity programs; uncertainty around the use and impacts of artificialintelligence ("AI") applications; expectations regarding our sustainability targets and strategy; the impact ofincreasing regulatory complexity; the outcome of tax disputes, assessments and settlements; expense management;and the likely outcome of litigation, legal proceedings, investigations or insurance or other claims or contractdisputes and the timing thereof. Such statements are subject to numerous risks, uncertainties and assumptions that may cause actual resultsto vary materially from those indicated, including: •delays in contract commencement dates or