Jefferies Global Energy Conference December 2, 2010 1
McDermott International, Inc. Leading engineering and construction company Exclusively focused on offshore upstream oil & gas Engineer, procure, construct and install (EPCI) focus Front-end design and detailed engineering Overall…
Investment Highlights Full-service offshore oil & gas engineering & construction company Global presence with strategic assets Attractive industry fundamentals; strong secular offshore growth EPCI business model provides…
McDermott Serves Three Primary End Markets. Conventional Infrastructure Floating Production Systems (FPS & FPSO) SURF: Subsea Infrastructure Umbilicals, Risers & Flowlines 5
with Global Presence in Major Oil & Gas Regions Countries of operation: 26 Construction facilities / marine bases: 4 (+1 JV) Engineering g g offices: 5 ((+1 JV)) Vessels: 7 heavy-construction derrick lay barges 4…
Global Footprint Overlaps Expected Field Developments Atlantic Middle East Asia Pacific 7
Offshore Capital Expenditures Growing to Meet Demand Global EPCI Capex by Region Global EPCI Capex by Sector Almost 450 billion of global EPCI capital expenditures over the next five years Growth forecast in all major regions,…
Global Engineering The First Step of the EPCI Model Offices in Houston, New Orleans, Dubai, Singapore and Chennai Approximately 700 engineers globally Utilizing three engineering groups to serve distinct end-markets Scope of…
Total Project Management Project management services enhance the clients project saving time and money, delivering a high quality product on schedule Significant experience overseeing large, complex projects in challenging…
Procurement Services A value added service for successful project execution Global presence in major geographic locations about 300 employees worldwide Long Long-term term relationships with strategic suppliers, suppliers…
Construction Facilities Worldwide Batam Island Area Largest Jacket Largest Deck Facility Location (acres) (tons) (tons) Batam Indonesia 301 17,000 18,000 Jebel Ali Dubai, UAE 145 7,000 12,000 Morgan City Louisiana, USA 323 38,000…
Dedicated Installation Vessels An E&C Differentiator Versatile marine construction fleet Global propeller driven vessels Major j construction and p pipelay p y vessels: DB101, DB50 Subsea construction vessels: NO102 and NO105…
Reaching New Markets with Subsea Construction Vessels North Ocean 102 North Ocean 105 High payload, dynamically positioned, fast transit, New cost-efficient, high capacity rigid-reeled flexible-product flexible product lay vessel…
Strong Relationships with High Quality Customer Base Super Majors NOCs Others Oth 15
McDermotts Strategic Approach Strategy focused on three key areas with a global footprint: Conventional Infrastructure Conventional business Floating gpproduction systems y Subsea Infrastructure, Umbilicals, Risers, & Flowlines…
Current Business Outlook Industry awards during 2009 impacted by financial crisis, project delays and volatile commodity prices Revenues in 2010 expected to be solid with recognition of current backlog Over 1.9 billion of revenues…
Recent Awards Provide Market Confidence Aramco Karan EPCI contract, consisting of four wellhead complexes, a bridge connected auxiliary platform, intra-field pipelines and a 110-km trunk-line to shore, all sub-sea power distribution…
Attractive Financial Profile Solid 3.6 billion backlog provides visibility, substantial booking opportunities ahead Customer financing is often provided through advanced payments on contracts Efficient tax structure from Panamanian…
Investment Highlights Full-service offshore oil & gas engineering & construction company Global presence with strategic assets Attractive industry fundamentals; strong secular offshore growth EPCI business model provides…
Investor Relations Contacts: Jay Roueche 281 870 5462 281-870-5462 Vice President Treasurer and Investor Relations Robby Bellamy, CFA 281-870-5165 Director Corporate Finance and Investor Relations 23
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