Dresser-Rand Group Inc Dresser- Inc. (NYSE: DRC) Third Quarter 2011 Conference Call November 3, 3 2011 Copyright 2009 9
Record Level of Bookings Proud of Petrobras FPSO Awards ( iin Milli Millions)) Petrobras pre-salt awards 700 All T Turbo b CCompressors ffor th the 8 replicant FPSOs Booking 400 in new units and 60 in aftermarket services in 3Q…
Solid 3Q Performance / Positive Outlook ( iin Milli Millions)) 75 72 5 72.5 3Q11 operating income 65.3 of 72.5 million 50 Near top p end of the guidance 25 Above external consensus estimate 0 3Q10 3Q11 Operating…
LTM Bookings by Segment ( in Millions) 3,051 LTM bookings through 9/30/11: 3,100 1,296 46% higher than 9/30/10 2,480 2,093 New unit bookings up 60% 1,860 993 Aftermarket bookings up 31% 1 755 1,755 Bookings B ki b by M Market k…
New Units Bookings ( in Millions) 732 750 46 Guascor Petrobras Pre-salt awards 686 600 New unit bookings: 450 283 300 41 Up 159% vs. 2Q11 260 242 150 125 Up 486% vs. 3Q10 0 3Q10 1Q11 2Q11 3Q11 Increasing full year…
Aftermarket Bookings ( in Millions) 439 450 72 Guascor Aftermarket bookings : 360 321 367 46 Up 37% vs. 2Q11 270 263 275 235 180 Up 87% vs. 3Q10 90 Increasing full year guidance to 0 3Q10 1Q11 2Q11 3Q11 1.2 to 1.4…
Gas Turbine Repair Business GT Repair Cell Campinas, Brazil Team in Brazil completed a comprehensive industrial gas turbine training program Accelerated local infrastructure build-out to support local component repairs In…
Backlog by Segment ( in Millions) 2,800 2,724 544 Backlog of 2.7 billion 2,240 2,180 1,738 57% higher than 3Q10 1,680 , 354 New Units up 58% 1,384 1,120 Aftermarket up 54% 560 0 '9/30/2010 '9/30/11 Record Backlog New…
Revenues by Segment ( in Millions) 650 631 Total revenues up 31% 338 520 483 New units up 17% 232 390 Aftermarket up 46% 260 293 251 130 0 3Q10 3Q11 New Units Aftermarket Copyright 2011 10
Third Quarter 2011 Results ( in i Millions) Milli ) 3Q11 3Q10 Change Revenues 630.5 483.1 31% Cost of Sales 459.8 337.9 36% - % of Revenues 72.9% 69.9% Selling & Administrative 89.6 73.5 22% Research & Development 86 8.6 64 6.4…
New Unit Operating Income & Margins ( in Millions) 40 20.0% Less favorable mix of 32.6 29.6 projects j t 30 15.0% 13.0% Seasonally low Guascor 10.1% volumes and step-up step up 20 10.0% amortization Guascor variable…
Aftermarket Operating Income & Margins ( in Millions) 68.6 70 30% Higher percentage (mix) of field service revenues from 55 2 55.2 56 Guascors energy assets 23.8% 20% business 42 20.3% Variable margins roughly equal to overall…
Operating Cash Flow 9 Months Ended Sept. 30 ( in Millions)) 9/30/11 9/30/10 Net Income 50.9 94.8 D&A 61.4 38.5 D f Deferred d IIncome Taxes T 88 8.8 90 9.0 Stock-based Compensation 9.2 10.0 W ki Capital Working C it l 01…
Net Working Capital ( in Millions) 9/30/11 12/31/10 9/30/10 Accts. Receivable, Net 358 304 286 Inventories, Gross 734 501 510 Less Progress Payments (309) (209) (212) Inventories, Net 426 292 297 Prepaid Expenses 63 36 39 Accounts…
Cash Flow 9 Months Ended September 30 ( in Millions)) 9/30/11 9/30/10 Net Cash Provided by Operating Activities 78.8 258.1 Investing Activities (324.3) (82.1) Financing Activities (29.5) (61.7) Effect of Exchange Rate Changes…
Liquidity ( in Millions) 700 675 600 Revolver matures 2016 333 560 176 borrowed under 490 Revolver 420 390 147 147 O t t di Letters Outstanding L tt off Credit: C dit 280 342 343 Revolver - 181 243 140 U Uncommitted…
Net Debt to Capital at End of Period ( in Millions) 65% Total debt 1,066 51% 56% S Sub. Sr. S b N Notes t - 375 45% 47% 37% Term Loan - 341 32% Revolver - 176 23% 20% Guascor / Other - 174 9% 14% 11% Net debt 891 -3% -5%…
2011 Outlook Bookings full year 2011: New units - 1.5 to 1.7 billion Aftermarket - 1.2 to 1.4 billion 2011 Guidance for financial modeling: Reiterate Operating Income guidance of 275 to 315 million - bias toward the lower half of…
2012 Outlook ( and d Shares Sh iin Milli Millions, exceptt B Bookings ki are iin Billi Billions)) New Unit Bookings 1.7 to 1.9 Aftermarket Bookings 1.4 to 1.6 New Units Revenue Up 20% Aftermarket Revenue Up 20% Operating Income…
Accelerating Profitable Growth 2010 Investor Day Aggressive long range goals 2011 acquisition of Guascor accelerated goals by 1 year 2012 guidance consistent with achievement of goals On--track to Achieve Long On Long--range…
Appendix Copyright 2009 9
NWC Reconciliation to GAAP ( in Millions) 9/30/2011 12/30/2010 9/30/2010 C Current tAAssets t 1 059 0 1,059.0 1 084 2 1,084.2 998 3 998.3 Less: Current Liabilities (909.1) (669.1) (604.8) GAAP Net Working Capital (NWC) 149.9…
Net Debt Reconciliation to GAAP ( in i Millions) Milli ) At 9/30 2011 2010 Total Debt 1,066.3 370.0 Less Cash (175.3) (A) (333.0) Net Debt 891.0 37.0 (A) Includes restricted cash of 28.2 The Companys management views net…
GAAP Reconciliation - Net Debt to Capital ( in Millions) 31-Dec 2004 2005 2006 2007 2008 2009 2010 9/30/2011 Total Debt 823.4 598.2 505.6 370.3 370.1 370.0 370.0 1,066.3 Less Cash (111.5) (98.0) (146.8) (206.2) (147.1) (223.2)…
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