Credit Suisse 2015 Engineering and Construction Conference June 4, 2015 Copyright 2015 McDermott International, Inc. All Rights Reserved
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 scale…
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 S-Lay Reel Lay / J-Lay Subsea Solutions 4
Our integrated EPCI business model Engineering Procurement Construction Installation Project and Risk Management Studies and conceptual Negotiating, purchasing, Topsides & onshore Heavy-lift designs transporting and quality…
Our globally diverse customer base National Oil Companies Super Majors Global Multinational Customers with varying commodity price sensitivities and near-term objectives 6
Our specialized marine fleet of vessels Heavy Lift Flex-Lay S-Lay DLV 2000 DB 30 North Ocean 102 DLV 2000 DB 27 DB 50 DB 27 Agile DB 32 DB 30 DB 32 Emerald Sea Construction Support / Rigid Reel-Lay Launch Barges LV 105…
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…
Bids Outstanding and Target Projects 1 in billions 25.6 billion as of March 31, 2015 Business Line Oil/Gas Greenfield/Brownfield 18.8 13.5 14.1 12.1 11.5 6.8 Offshore Subsea Oil Gas Green Brown Segment Customer Contract…
Revenue Pipeline Project Size - Q115 Estimated total contract value As of March 31, 2015, contract value in millions Bids Target Description Range ( in millions) Backlog 1 Outstanding 2,3 Projects 2,4…
Key Project Awards - YTD 1 Field or Work Work Project 2015 2016 2017 1 2 3 Client Project Region Type Scope Size Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Chevron USA Jack & St. Malo AEA BF T&I Sizeable QGEP Santos Basin AEA GF EPCI…
Partnering with industry leaders for long-term growth io oil and gas consulting Venture between McDermott and GE Oil & Gas Conceptual and pre-FEED engineering consultancy Designed to deliver clients greater price and cost certainty…
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…
1Q 2015 Financial Highlights Financial Results Order intake during the quarter of 697.8 million Comprised of 490.8 million of new orders and 207.0 million of change orders Quarter-over-quarter, new order intake was up 63% Backlog of…
Strong Financial Foundation 800 million of cash and restricted cash 1,511 ( millions) at March 31, 2015 As of March 31, 2015 Net debt of (61) million No significant debt maturities until 2019 834 Cash flow from operations…
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 near-term revenue visibility Demonstrated…
2015 Priorities Focus on executing the current 3.75 billion backlog safely and efficiently Prioritize bidding on opportunities where the Company has a local presence and competitive differentiators Actively manage costs and…
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