Scotia Howard Weil Energy Conference David Dickson President and Chief Executive Officer March 24, 2015
About McDermott Leading engineering and construction company with history from 1923 Only U.S.headquartered company with offshore, upstream engineering, procurement, construction and installation (EPCI) services on a global…
Our local footprint, global reach 3
Broad experience in field development solutions Floating Fixed Platform Offshore Production Heavy System Flex Lay / Lift Solutions Subsea Lift SLay Reel Lay / JLay Subsea Solutions 4
Our integrated EPCI business model Engineering Procurement Construction Installation Project and Risk Management Studies and conceptual Negotiating, purchasing, Topsides & onshore Heavylift designs transporting and quality…
Our globally diverse customer base National Oil Companies Super Majors Global Multinational Customers with varying commodity price sensitivities and nearterm objectives 6
Our specialized marine fleet of vessels Heavy Lift FlexLay SLay DLV 2000 DB 30 North Ocean 102 DLV 2000 Agile DB 27 DB 50 DB 27 DB 32 Emerald Sea DB 101 DB 32 DB 101 DB 30 Construction Support/ Rigid ReelLay Launch…
Our strategically located fabrication yards Altamira, Mexico Batam Island, Indonesia Jebel Ali, Dubai Area: 119 acres, 198 potential Area: 272 acres Area: 154 acres Primary markets served Primary markets served Primary markets…
Diversified capabilities align with current markets Long history of providing innovative offshore infrastructure solutions Extensive brownfield engineering experience Market leader in Middle East Support needs of National Oil…
Our well positioned opportunity set Bids outstanding and target projects 1 26.2 billion as of December 31, 2014 in billions Business Line Oil/Gas Greenfield/Brownfield 21.2 15.6 13.4 12.8 10.6 5.0 Offshore Subsea Oil…
New awards in the Middle East Saudi Aramco Qatar Petroleum Marjan Power Supply System North Field Wellhead Jacket, Deck and Umbilical Significant contract for Engineering, Large contract for Engineering, Procurement, Construction,…
Recent contract awards PEMEX Brunei Shell Petroleum AyatsilA Installation Multiyear ChampionAmpa Pipeline Installation Sizable contract for fasttrack installation Large contract for includes transportation of offshore jacket, deck…
Partnering with industry leaders for longterm growth io oil and gas consulting Venture between McDermott and GE Oil & Gas Conceptual and preFEED engineering consultancy Designed to deliver clients greater price and cost certainty on…
Execution improvement initiatives Centralized bidding process Functional leadership drives global best practices Acquisition of specialized talent and global employee mobility Project assurance group provides additional support…
Strong financial foundation 853 million of cash and restricted cash at December 31, 2014 1,539 ( millions) As of December 31, 2014 Book equity supports 55% of invested capital 865 No significant debt maturities until 2019…
Current cost savings initiatives Three key components Increased organizational efficiency, commencing in the first quarter of this year, with the savings expected to start in the second quarter of 2015 Centralization of front and…
McDermott today Industry leader in offshore oil and gas engineering and construction Integrated capabilities offering differentiated solutions to customers Recent awards add to nearterm revenue visibility Demonstrated…
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