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JOHNSON RICE ENERGY CONFERENCE – Mcdermott International

Mcdermott International · Oct 5, 2010 · 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. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 1
    Johnson Rice Energy Conference October 5, 2010 1
  2. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 2
    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…
  3. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 3
    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…
  4. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 4
    McDermott Serves Three Primary End Markets. Conventional Infrastructure Floating Production Systems (FPS & FPSO) SURF: Subsea Infrastructure Umbilicals, Risers & Flowlines 5
  5. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 5
    with Global Presence in Major Oil & Gas Regions Countries of operation: 26 Construction facilities / marine bases: 5 (+1 JV) Engineering g g offices: 5 ((+1 JV)) Vessels: 7 heavy-construction derrick lay barges 12…
  6. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 6
    Global Footprint Overlaps Expected Field Developments Atlantic Middle East Asia Pacific 7
  7. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 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,…
  8. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 8
    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…
  9. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 9
    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…
  10. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 10
    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…
  11. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 11
    Construction Facilities Worldwide Area Largest Jacket Largest Deck Batam Island Facility Location (acres) (tons) (tons) Batam Indonesia 301 17,000 18,000 Jebel Ali Dubai UAE Dubai, 145 7 000 7,000 12 000 12,000 Morgan City…
  12. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 12
    Dedicated Installation Vessels An E&C Differentiator Versatile marine construction fleet Global propeller driven vessels Major construction and pipelay vessels: DB101, DB50 Subsea construction vessels: NO102 and NO105 (available…
  13. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 13
    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…
  14. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 14
    Strong Relationships with High Quality Customer Base Super Majors NOCs Others Oth 15
  15. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 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…
  16. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 16
    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 1.2 billion of revenues…
  17. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 17
    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…
  18. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 18
    Strong Backlog of 4.3 Billion Provides Visibility (as of June 30, 2010) Backlog by Type of Contract Backlog by Estimated Recognition Year Rates, Rates 3% 2012+, 24% 2010, 35% Mixed, 35% Fixed Price, 62% 2011, 41%…
  19. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 19
    Historical Financial Summary Revenues [1] Operating Income [1] (MM) (MM) 4,000 3,338 500 3,174 377 400 3,000 2,432 278 300 2,000 1,541 179 1,165 200 125 90 1,000 100 00 0 0 2007 2008 2009 2Q 2009 2Q 2010 2007 2008 2009 2Q…
  20. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 20
    Attractive Financial Profile Solid 4.3 billion backlog provides visibility, substantial bidding opportunities ahead Customer financing is often provided through advanced payments on contracts Efficient tax structure from Panamanian…
  21. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 21
    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…
  22. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 22
    Investor Relations Contacts: Jay Roueche 281 870 5462 281-870-5462 Vice President Treasury and Investor Relations Robby Bellamy, CFA 281-870-5165 Director Corporate Finance and Investor Relations 23

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