McDermott International, Inc. (NYSE: MDR) Leading engineering and construction company Focused on offshore upstream oil & gas projects History dates back to 1947 - an industry pioneer Engineer, procure, construct and install…
McDermott Serves Three Primary End Markets Conventional Infrastructure Floating Production Systems (FPS & FPSO) SURF: Subsea Infrastructure, Umbilicals, Risers & Flowlines 4
Global Presence in Major Oil & Gas Regions Operating in about 20 Construction facilities / marine bases: 4 (+1 JV) countries Vessels: Engineering offices: 5 (+1 JV) 7 heavy-construction derrick lay barges 4 multi-functional; 1…
EPCI is a Unique Delivery Platform Engineering Procurement Construction Installation Project and Risk Management 700+ engineers globally 300+ dedicated employees Strategically located facilities Dedicated installation fleet…
Strategically Located Construction Facilities 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,…
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 Rigid g or flex-layy p pipelay p y capability p y Rigid g or flex-layy p pipelay p y capability p y 7,000 MT carousel payload 2,700 MT…
Strong Relationships with High Quality Customer Base Super Majors NOCs Others Oth 10
Robust Level of New Offshore Programs Expected 2011-2020 NW Europe Others N. America 112 Fixed Concepts 1 Fixed Concepts 10 FPSOs US Gulf of Mexico 5 Other Floating 1 Semis 1 FSO 580 Fixed Concepts 41 Other Floating 9 SPARs…
Growing Trend Towards Deepwater Developments Deepwater to Increase as a % of Overall Offshore E&P Emerging Deepwater Regions Will Capture Significant Capital Spending Investment Growth (BN) (BN) 350 N.AMERICA L.AMERICA EUROPE 350…
Offshore EPCI Market Forecasted to Remain Strong Global EPCI Capex by Region Global EPCI Capex by Sector (BN) (BN) North America Middle East & Caspian Sea 120 Subsea Completion Platforms Pipelines Control Lines 120 Latin America…
McDermotts Strategic Approach Strategy focused on three key areas with a global footprint Conventional Infrastructure Conventional business Floating production systems Subsea Infrastructure, Umbilicals, Risers & Flowlines (SURF)…
Targeted Investment Program Pursues Growth Upgrade existing marine fleet to enhance operational flexibility Long-term fleet renewal program for current fleet of heavy-lift, pipelay construction vessels Additional Additi l dynamic d…
Heavy Emphasis on Risk Management and Project Controls Adhere to disciplined bidding procedures to maintain backlog quality, with intense focus on both risk and cost management Bidding procedures receive extensive management review…
Strong Backlog Provides Visibility (as of September 30, 2011) Backlog by Type of Contract Backlog by Estimated Recognition Year 2013+ 16% 2011 Other 22% 29% Fixed Price 71% 2012 62% Backlog by Geographic Region Backlog…
Recent Major Awards Support Market Confidence Macedon Gas Project (2011) EPCI contract consisting of a 77 kilometer, 20-inch diameter pipeline, subsea umbilicals, and flexible flowlines in water depths up to 180 meters McDermott's…
Attractive Financial Profile [1] 4.3 billion backlog provides visibility; significant booking opportunities Solid operating margins driven by full full-service, service vertically integrated business model Efficient tax structure…
Investment Highlights Full-service offshore oil & gas engineering & construction company Attractive industry fundamentals; strong secular growth Global presence with strategic assets Diversified and strong client base EPCI…
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 22
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