11th Annual Engineering & Construction Conference September 11, 2012 San Francisco 1
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: 6 (+1 JV) 7 heavy-construction derrick lay barges 4 multi-functional; 2…
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 Facility Location (acres) (tons) Batam Indonesia 301 17,000 Jebel Ali Dubai, UAE 145 7,000 Morgan City Louisiana, USA 323 38,000 Baku[1] Azerbaijan…
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…
Strong Relationships with High Quality Customer Base Super Majors NOCs Others Oth 9
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)…
Strategy in Action: Marine Enhancements [1] Upgrade of the DB50 Dynamically positioned (DP) heavy-construction vessel DB50 Heavy lifts up to 4,400 tons; pipelay diameter up to 20 Entered E t d service i ini 1988 Significant…
Strategy in Action: New Vessels Acquired 50% interest in North Ocean 102* in Dec. 2009 Specialty subsea vessel entered fleet in early 2010 Rigid or flexible pipelay capability; 7,000MT carousel payload Two 120MT tensioners, 250MT…
Strategy in Action: New Geographies and Fab Investment Formed Chinese fabrication joint venture Qingdao McDermott Wuchuan (QMW) QMW 50/50 ownershipp structure; p partner is Qingdao g Wuchuan Heavy, y a subsidiary of China…
Strong Backlog of 5.7 Billion Provides Visibility (as of June 30, 2012) Backlog by Type of Contract Backlog by Estimated Recognition Year Other 18% 2014+ 2012 38% 36% Fixed Price 82% 2013 26% Backlog by Geographic…
Attractive Financial Profile [1] 5.7 billion backlog provides visibility; significant booking opportunities ahead Bids and change orders outstanding of 7 billion Additionally, y, approximately pp y10 billion of identified target…
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…
Investment Highlights Full-service offshore oil & gas engineering & construction company Global ppresence with strategic g assets EPCI business model provides competitive advantage Diversified and strong client base Attractive…
Investor Relations Contact: Jay Roueche 281 870 5462 281-870-5462 Vice President Treasurer and Investor Relations 22
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