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CREDIT SUISSE ENGINEERING AND CONSTRUCTION CONFERENCE – Mcdermott International

Mcdermott International · Jun 7, 2012 · 22 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. CREDIT SUISSE ENGINEERING AND CONSTRUCTION CONFERENCE – Mcdermott International – slide 1
    2012 Engineering & Construction Conference June 7, 2012 New York City 1
  2. CREDIT SUISSE ENGINEERING AND CONSTRUCTION CONFERENCE – Mcdermott International – slide 2
    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…
  3. CREDIT SUISSE ENGINEERING AND CONSTRUCTION CONFERENCE – Mcdermott International – slide 3
    McDermott Serves Three Primary End Markets Conventional Infrastructure Floating Production Systems (FPS & FPSO) SURF: Subsea Infrastructure, Umbilicals, Risers & Flowlines 4
  4. CREDIT SUISSE ENGINEERING AND CONSTRUCTION CONFERENCE – Mcdermott International – slide 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…
  5. CREDIT SUISSE ENGINEERING AND CONSTRUCTION CONFERENCE – Mcdermott International – slide 5
    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…
  6. CREDIT SUISSE ENGINEERING AND CONSTRUCTION CONFERENCE – Mcdermott International – slide 6
    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…
  7. CREDIT SUISSE ENGINEERING AND CONSTRUCTION CONFERENCE – Mcdermott International – slide 7
    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…
  8. CREDIT SUISSE ENGINEERING AND CONSTRUCTION CONFERENCE – Mcdermott International – slide 8
    Strong Relationships with High Quality Customer Base Super Majors NOCs Others Oth 9
  9. CREDIT SUISSE ENGINEERING AND CONSTRUCTION CONFERENCE – Mcdermott International – slide 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…
  10. CREDIT SUISSE ENGINEERING AND CONSTRUCTION CONFERENCE – Mcdermott International – slide 10
    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…
  11. CREDIT SUISSE ENGINEERING AND CONSTRUCTION CONFERENCE – Mcdermott International – slide 11
    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…
  12. CREDIT SUISSE ENGINEERING AND CONSTRUCTION CONFERENCE – Mcdermott International – slide 12
    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)…
  13. CREDIT SUISSE ENGINEERING AND CONSTRUCTION CONFERENCE – Mcdermott International – slide 13
    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…
  14. CREDIT SUISSE ENGINEERING AND CONSTRUCTION CONFERENCE – Mcdermott International – slide 14
    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…
  15. CREDIT SUISSE ENGINEERING AND CONSTRUCTION CONFERENCE – Mcdermott International – slide 15
    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…
  16. CREDIT SUISSE ENGINEERING AND CONSTRUCTION CONFERENCE – Mcdermott International – slide 16
    Recent Operating Performance Revenues Operating Income (MM) (MM) 4,000 3,445 400 3,282 315 279 3,000 2,404 300 251 2,000 200 728 80 1,000 100 0 0 [1] [2] 2009 2010 2011 1Q 2012 2009 2010 2011 1Q 2012 Diluted Earnings…
  17. CREDIT SUISSE ENGINEERING AND CONSTRUCTION CONFERENCE – Mcdermott International – slide 17
    Strong Backlog of 5.8 Billion Provides Visibility (as of March 31, 2012) Backlog by Type of Contract Backlog by Estimated Recognition Year Other 14% 2014+ 36% 2012 48% Fixed Fi d Price Pi 86% 2013 16% Backlog by…
  18. CREDIT SUISSE ENGINEERING AND CONSTRUCTION CONFERENCE – Mcdermott International – slide 18
    Recent Major Awards Support Market Confidence Inpex Ichthys (2012) EPCI contract consisting of production and start-up flowlines, control systems, MEG injection system and other SURF elements in water depths up to 275 meters…
  19. CREDIT SUISSE ENGINEERING AND CONSTRUCTION CONFERENCE – Mcdermott International – slide 19
    Attractive Financial Profile [1] 5.8 billion backlog provides visibility; significant booking opportunities ahead Bids and change orders outstanding of 4.8 billion Additionally, y, over 10 billion of identified target g p…
  20. CREDIT SUISSE ENGINEERING AND CONSTRUCTION CONFERENCE – Mcdermott International – slide 20
    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…
  21. CREDIT SUISSE ENGINEERING AND CONSTRUCTION CONFERENCE – Mcdermott International – slide 21
    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…
  22. CREDIT SUISSE ENGINEERING AND CONSTRUCTION CONFERENCE – Mcdermott International – slide 22
    Investor Relations Contact: Jay Roueche 281 870 5462 281-870-5462 Vice President Treasurer and Investor Relations 23

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