Borr Drilling Management

Management criteria checks 1/4

Borr Drilling's CEO is Patrick Arnold Schorn, appointed in Sep 2020, has a tenure of 3.75 years. directly owns 0.43% of the company’s shares, worth NOK77.11M. The average tenure of the management team and the board of directors is 2.9 years and 2.3 years respectively.

Key information

Patrick Arnold Schorn

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	3.8yrs
CEO ownership	0.4%
Management average tenure	2.9yrs
Board average tenure	2.3yrs

Recent management updates

Recent updates

CEO

Patrick Arnold Schorn (55 yo)

3.8yrs

Tenure

Mr. Patrick Arnold Henk Schorn serves as Chief Executive officer at Borr Drilling Limited since September 8, 2020 and is its Director since October 16, 2023 and also was its Director since January 10, 2018...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Patrick Arnold Schorn	CEO & Director	3.8yrs	no data	0.43% $ 77.1m
Magnus Vaaler	Chief Financial Officer	3.5yrs	no data	0.030% $ 5.3m
Tor Troim	Founder & Chairman of the Board	7.8yrs	no data	2.63% $ 466.0m
Andreas Lie	VP of Treasury & IR	no data	no data	no data
Bruno Morand	Chief Commercial Officer	less than a year	no data	no data
Mi Yoon	Company Secretary & Director	2.3yrs	no data	no data

2.9yrs

Average Tenure

54.5yo

Average Age

Experienced Management: 0BDR's management team is considered experienced (2.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Patrick Arnold Schorn	CEO & Director	less than a year	no data	0.43% $ 77.1m
Tor Troim	Founder & Chairman of the Board	7.8yrs	no data	2.63% $ 466.0m
Mi Yoon	Company Secretary & Director	2.3yrs	no data	no data
A. Blankenship	Independent Director	5.3yrs	no data	0.089% $ 15.8m
Daniel Rabun	Director	1.2yrs	no data	no data
Jeffrey Currie	Independent Director	less than a year	no data	no data
Neil Glass	Independent Director	4.5yrs	no data	0.065% $ 11.6m

2.3yrs

Average Tenure

59yo

Average Age

Experienced Board: 0BDR's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.

Borr Drilling Management

Management criteria checks 1/4

Key information

Recent management updates

Borr Drilling Limited Announces Board Appointments

Less than half of directors are independent

Founder & Chairman of the Board recently bought kr5.1m worth of stock

Independent Director recently bought kr667k worth of stock

Borr Drilling Limited, Annual General Meeting, Sep 30, 2022

Borr Drilling Limited Announces Changes to the Board of Directors

Recent updates

Borr Drilling Limited Approves Cash Dividend for the First Quarter of 2024, Payable on or About 17 June, 2024

Borr Drilling Limited Receives A Notice of Temporary Suspension of Operation for Its Rig

Full year 2023 earnings released: EPS: US$0.09 (vs US$1.64 loss in FY 2022)

Borr Drilling Limited to Report Fiscal Year 2023 Final Results on Mar 27, 2024

Borr Drilling Limited(OB:BORR) dropped from Oslo OBX Total Return Index

Investor sentiment deteriorates as stock falls 77%

Now 70% undervalued after recent price drop

Full year 2023 earnings released: EPS: US$0.09 (vs US$1.64 loss in FY 2022)

New major risk - Financial position

Borr Drilling Limited Approves Cash Dividend for the Fourth Quarter of 2023, Payable on or About 18 March, 2024

Forecast breakeven date pushed back to 2024

Now 69% undervalued after recent price drop

Now 65% undervalued after recent price drop

Now 60% undervalued after recent price drop

Borr Drilling Limited Approves Cash Distribution for the Third Quarter of 2023

Forecast breakeven date moved forward to 2023

Now 68% undervalued after recent price drop

Borr Drilling Limited (OB:BORR) announces an Equity Buyback for $100 million worth of its shares.

Borr Drilling Limited to Report Q1, 2024 Results on May 31, 2024

Forecast breakeven date pushed back to 2024

Now 53% undervalued after recent price drop

Borr Drilling Limited Proposes Quarterly Dividend

Borr Drilling Limited Proposes Quarterly Dividend

Third quarter 2023 earnings released: EPS: US$0.001 (vs US$0.30 loss in 3Q 2022)

New major risk - Share price stability

Now 60% undervalued after recent price drop

Borr Drilling Limited announced that it has received $49.99979 million in funding

Now 67% undervalued after recent price drop

Borr Drilling Limited Announces Board Appointments

Now 83% undervalued after recent price drop

Now 80% undervalued after recent price drop

Now 81% undervalued after recent price drop

Second quarter 2023 earnings released: EPS: US$0.003 (vs US$1.09 loss in 2Q 2022)

First quarter 2023 earnings released: US$0.032 loss per share (vs US$0.35 loss in 1Q 2022)

Less than half of directors are independent

Full year 2022 earnings released: US$1.64 loss per share (vs US$1.43 loss in FY 2021)

Full year 2022 earnings released: US$1.64 loss per share (vs US$1.43 loss in FY 2021)

Borr Drilling Limited Revises Its Earnings Guidance for the Fourth Quarter and Full Year 2022

Now 26% undervalued after recent price drop

Now 45% undervalued after recent price drop

Borr Drilling Limited to Report Q4, 2023 Results on Feb 28, 2024

Founder & Chairman of the Board recently bought kr5.1m worth of stock

Third quarter 2022 earnings released: US$0.36 loss per share (vs US$0.24 loss in 3Q 2021)

Borr Drilling Limited Provides Revenue Guidance for the Fourth Quarter of 2022

Now 66% undervalued after recent price drop

Now 72% undervalued after recent price drop

Independent Director recently bought kr667k worth of stock

Borr Drilling Limited has completed a Follow-on Equity Offering in the amount of $249.999998 million.

Borr Drilling Limited, Annual General Meeting, Sep 30, 2022

Forecast to breakeven in 2023

Borr Drilling Limited has completed a Follow-on Equity Offering in the amount of $249.999998 million.

Second quarter 2022 earnings released: US$1.09 loss per share (vs US$0.44 loss in 2Q 2021)

Borr Drilling Limited Reports Impairment of Assets for the Second Quarter Ended June 30, 2022

Borr Drilling Limited to Report Q2, 2022 Results on Aug 09, 2022

Borr Drilling Limited Announcement of LoI for Jack-Up Drilling Rig

Forecast to breakeven in 2023

Now 78% undervalued after recent price drop

First quarter 2022 earnings released: US$0.35 loss per share (vs US$0.42 loss in 1Q 2021)

Borr Drilling Limited Reiterates Revenue Guidance for the Year 2022

Full year 2021 earnings released: US$1.43 loss per share (vs US$4.23 loss in FY 2020)

Borr Drilling Limited to Report Fiscal Year 2021 Results on Apr 07, 2022

Borr Drilling Limited Announces Changes to the Board of Directors

No longer forecast to breakeven

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Borr Drilling Limited Announces Board Changes

Forecast to breakeven in 2023

Borr Drilling Limited announced that it has received $29.999999 million in funding

Third quarter 2021 earnings released: US$0.12 loss per share (vs US$0.39 loss in 3Q 2020)

Second quarter 2021 earnings released: US$0.22 loss per share (vs US$0.83 loss in 2Q 2020)