Good morning and welcome. What Id like to do today is give you a quick overview of Cameron, our key areas of focus for 2015and tell you why we think the company offers compelling long-term value for investors. 1
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As you know, Cameron serves the oil & gas industry. We provide sophisticated flow control equipment, systems and services to customers around the world through four segments: Drilling, Surface, Subsea and Valves & Measurement. However,…
We work in every domain, from ultra-deep water to unconventional and conventional. We lead in the development of technologies for extreme environments, whether high temperature, or pressures reaching 25,000psi, from the artic to corrosive…
We work in collaboration with our customers to understand their challenges and provide solutions. And we enable these solutions through the development of proprietary technologies such as valves, seals and elastomers. We invest in…
Cameron reported record-setting financial results for 2014 due to solid operating performance in each of the Companys businesses, particularly our Drilling segment, which led the way with a 52% increase in operating income versus the…
Cameron delivered strong earnings in the first quarter of 2015, driven by sharp increases in operating income in our Subsea and Drilling segments as those businesses continued to successfully execute on their backlogs. Also contributing…
One of Camerons real strengths is the diversity of its served markets, with all four segments making significant contributions to our revenues and operating income 8
Camerons global footprint is another competitive advantage. About two-thirds of our revenues typically come from international markets -- which you see illustrated in the pie chart. This percentage can vary quite a bit within our four…
Clearly the oil and gas industry is in a cyclical downturn. The duration of this downturn is not yet known. What we do know is that we are seeing softer demand and pricing pressure across all the markets we serve. Nevertheless, as we…
Sowhat do we mean by systemic reduction in our cost structure Its important to note that we are not talking about a short-term reaction to the downturn in the energy cycle; rather, we are making systemic changes in the way we manage the…
As an example of staying close to the customer, I can tell you that we have decades- long and highly collaborative relationships with major IOCs and NOCs. To give you an idea of the nature of these relationships, Cameron and OneSubsea…
You heard me say that the service business is important to us and that we are focused on continued growth in this area. This chart shows you our track record over the past five years: a 25% CAGR. The market is likely to impose some…
Now Id like to take just a few minutes to tell you about each of our four segments, beginning with Subsea. In our Subsea business, we work with customers to optimize or increase production from existing reservoirs while lowering the cost…
Heres a look at three recent success stories that demonstrate the value proposition of OneSubsea specifically the way in which OneSubsea technolgy helps customers lower their per-barrel cost of production. First, OneSubsea in March of…
Second, you see our award from BP for a multi-million dollar contract to supply subsea systems for the BP West Nile Delta Taurus Libra development offshore Egypt. The significant fact about this project is that it includes an element of…
In our Surface business, we are a global leader in well heads, trees and related equipment for surface applications. And within the Surface segment, our CAMSHALE offering gives us very strong competitive differentiation CAMSHALE is our…
Our Drilling segment has a very strong market position. Cameron invented the BOP in 1922 and since then has maintained a leadership position in the global market for land -based and off-shore pressure control products. Today, we are the…
Our V&M business offers the oil & gas industrys broadest portfolio of critical service valves for the upstream, drilling and production, midstream and downstream markets. Cameron valves are sold through distributors and direct to…
We firmly believe that Cameron offers compelling long-term value for investors. We say that because the worlds energy demands will continue to grow, and we are going to grow right along with it. We have a leadership position in each of…
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