Baker Hughes Earnings Conference Call Q2 2014 2014 Baker Hughes Incorporated. All Rights Reserved. 17 July 2014 8:30 am EDT 2014 BAKER HUGHES I NCORPORATED. ALL RI GHTS RESERVED. TERM S AND CONDI TI ONS OF USE: BY ACCEPTI NG…
Q2 2014 Earnings Conference Call Introduction Trey Clark Vice President, Investor Relations Financial Performance Peter Ragauss Senior Vice President and Chief Financial Officer Business Outlook Martin Craighead Chairman and…
International Overview Record revenue and 15% growth in adjusted profit from operations sequentially Solid rebound in Russia and the North Sea, and rising activity in Africa from recent offshore contract awards Strong growth in…
North America Overview Increased horizontal activity in U.S. resulting in record revenue in Drilling Services and Drill Bits ProductionWave sales accelerating, leading to record revenue for Artificial Lift and Upstream Chemicals…
Financial Performance Peter Ragauss Senior Vice President and Chief Financial Officer 2014 Baker Hughes Incorporated. All Rights Reserved. 6
Q2 2014 Financial Highlights Adjusted Net Income1 404 million 0.92 per share Attributable to Baker Hughes Litigation Settlements2 (39) million (0.09) per share Venezuela Currency Devaluation3 (12) million (0.03) per share Net…
2014 Baker Hughes Incorporated. All Rights Reserved. 8 - 0.20 0.40 0.60 0.80 1.00 GAAP Q114 1.20 0.74 Severance Q1 14 0.05 Technology Royalty Q1 14 0.05 Adjusted Q1 14 0.84 North America Operations…
North America Q2 Results Up 2% Revenue 2.84 billion sequentially Up 40 million 2 1 Operating PBT 340 million sequentially Up 120 bps 2 1 Operating PBT Margin 12.0% sequentially New technology sales and increased U.S.…
International Q2 Results Up 5% Revenue 2.76 billion sequentially Up 57 million 2 1 404 million 3 Operating PBT sequentially Up 150 bps 2 1 Operating PBT Margin 14.6% 3 sequentially Record revenue in…
Industrial Services Q2 Results Up 4% Revenue 333 million sequentially Up 6 million 2 1 Operating PBT 34 million sequentially Up 150 bps 2 1 Operating PBT Margin 10.2% sequentially Sequential increase driven by seasonal…
Balance Sheet Cash 1.2 billion Total Debt 4.6 billion Total Debt-to-Capital Ratio 20% Capital Expenditures for Q2 2014 424 million Shares Repurchased for Q2 2014 200 million 2014 Baker Hughes Incorporated. All Rights…
Guidance and Assumptions Baker Hughes FY 2014 Rig Count Projection vs. FY 2013 U.S. Rig Count Average of 1,830 Up 4% U.S. Onshore Well Count 37,300 wells Up 5% U.S. Offshore Rig Count Average of 56 Flat Canada Rig Count Average…
Business Outlook Martin Craighead Chairman and Chief Executive Officer 2014 Baker Hughes Incorporated. All Rights Reserved. 14
2014 Baker Hughes Incorporated. All Rights Reserved. 15 Business Outlook WELLS RECOVERY PRODUCTION
Efficient Well Construction FASTrak LWD service reduces time and cost to evaluate the reservoir Extensive operation in Nigeria retrieves ten samples and more than 100 pressure tests Leveraging evaluation technologies to gain share…
Efficient Well Construction SHADOW series frac plugs help redefine the limits of well geometry Several dozen deployed on a complex well, beyond the reach of coiled tubing Sales expanding beyond the U.S., into Russia and China…
Optimizing Well Production Boosting production from shale is one of our customers biggest challenges ProductionWave solution sees unprecedented demand and drives North America growth FLEXPump Curve is the worlds first artificial…
Increasing Ultimate Recovery All-electric intelligent well system installed in Saudi Arabia One single electric line used to operate a network of down-hole flow control devices across multiple zones Reduced well intervention cost…
Business Outlook INNOVATION INTEGRATION INTERDEPENDENCE 2014 Baker Hughes Incorporated. All Rights Reserved. 20
2014 Baker Hughes Incorporated. All Rights Reserved. 21
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