Credit Suisse 2011 Engineering & Construction Conference June 2, 2011 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 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;…
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 120,000 North America Middle East & Caspian Sea 120,000 Subsea Completion Platforms Pipelines Control Lines Latin America…
Global Engineering The First Step of the EPCI Model Offices in Houston, New Orleans, Dubai, Singapore and Chennai Approximately 700 engineers globally Scope of engineering services Studies & conceptual design Front-End…
Project Services Key value-added services Project Management Procurement Project management services enhance the Global presence in major geographic locations clients project saving time and money, about 300 employees worldwide…
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 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 14
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 Revenues in 2011 expected to be solid with recognition of current backlog Almost 900 million of revenues in the first quarter Approximately 2.5 billion of backlog expected to be recognized during the…
Recent Awards Provide Market Confidence Aramco Safaniya EPCI contract consisting of a tie-in platform with a 6,000 ton topside, an electrical deck module for an existing platform, a 53-km trunkline, four new lateral flowlines, and…
Strong Backlog of 4.8 Billion Provides Visibility (as of March 31, 2011) Backlog by Type of Contract Backlog by Estimated Recognition Year 2013+ 10% Other 30% 2011 2012 53% Fixed Price 37% 70% Backlog by Geographic…
Attractive Financial Profile [1] Solid 4.8 billion backlog provides visibility, substantial booking opportunities ahead Customer financing is often provided through advanced payments on contracts Efficient tax structure from…
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 22
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