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HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Mcdermott International

Mcdermott International · Mar 27, 2012 · 21 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. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Mcdermott International – slide 1
    40th Annual Energy Conference March 27, 2012 1
  2. HOWARD WEIL 40TH ANNUAL ENERGY 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. HOWARD WEIL 40TH ANNUAL ENERGY 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. HOWARD WEIL 40TH ANNUAL ENERGY 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; 1…
  5. HOWARD WEIL 40TH ANNUAL ENERGY 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. HOWARD WEIL 40TH ANNUAL ENERGY 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. HOWARD WEIL 40TH ANNUAL ENERGY 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. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Mcdermott International – slide 8
    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…
  9. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Mcdermott International – slide 9
    Strong Relationships with High Quality Customer Base Super Majors NOCs Others Oth 10
  10. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Mcdermott International – slide 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…
  11. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Mcdermott International – slide 11
    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…
  12. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Mcdermott International – slide 12
    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…
  13. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Mcdermott International – slide 13
    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)…
  14. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Mcdermott International – slide 14
    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…
  15. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Mcdermott International – slide 15
    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…
  16. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Mcdermott International – slide 16
    Recent Operating Performance Revenues Operating Income (MM) (MM) 4,000 3,445 400 3,098 3,282 315 279 3,000 2,404 300 251 2,000 200 107 1,000 100 0 0 [1] [2] 2008 2009 2010 2011 2008 2009 2010 2011 Diluted Earnings Per…
  17. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Mcdermott International – slide 17
    Strong Backlog Provides Visibility (as of December 31, 2011) Backlog by Type of Contract Backlog by Estimated Recognition Year 2014+ 5% 2013 Other 12% 28% Fixed Price 72% 2012 83% Backlog by Geographic Region Backlog…
  18. HOWARD WEIL 40TH ANNUAL ENERGY 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. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Mcdermott International – slide 19
    Attractive Financial Profile [1] 3.9 billion backlog provides visibility; significant booking opportunities Solid operating margins driven by full full-service, service vertically integrated business model Efficient tax structure…
  20. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Mcdermott International – slide 20
    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…
  21. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Mcdermott International – slide 21
    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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