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FEBRUARY 2014 CORPORATE PRESENTATION – Forum Energy Technologies, Inc.

Forum Energy Technologies, Inc. · Feb 11, 2014 · 25 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. FEBRUARY 2014 CORPORATE PRESENTATION – Forum Energy Technologies, Inc. – slide 1
    Smart Solutions. Powerful Products. Forum Energy Technologies
  2. FEBRUARY 2014 CORPORATE PRESENTATION – Forum Energy Technologies, Inc. – slide 2
    Forum Energy Technologies Strategy Themes Global oilfield, manufactured products and equipment company Leveraged to attractive secular growth trends Deepwater / Subsea Drilling / Well Construction Production / Completion /…
  3. FEBRUARY 2014 CORPORATE PRESENTATION – Forum Energy Technologies, Inc. – slide 3
    Markets & Customers Full Well Cycle Exposure Subsea Construction Well Construction Stimulation & Drilling Production Infrastructure & Development & Completion Intervention Key Customers & Business Drivers Upstream, Offshore…
  4. FEBRUARY 2014 CORPORATE PRESENTATION – Forum Energy Technologies, Inc. – slide 4
    Weighted Towards Consumables Activity-based revenue drivers High percentage of revenue from activity-based, consumable products Purchases often associated with our customers operating expense budgets Percent of 2013 Revenue…
  5. FEBRUARY 2014 CORPORATE PRESENTATION – Forum Energy Technologies, Inc. – slide 5
    Expansion for Growth Fallbrook Central Campus, Houston Manufacturing Drilling, LA Production Equipment, OK Dynacon Subsea, TX Distribution Multi-Product Line, Singapore Multi-Product Line, Dubai Subsea, Batam Davis-Lynch,…
  6. FEBRUARY 2014 CORPORATE PRESENTATION – Forum Energy Technologies, Inc. – slide 6
    2014 Objectives Revenue enhancements Market share gains international and offshore New product commercialization Next generation ROV Multi-well pad production facility CT BOP Margin improvement / operational performance…
  7. FEBRUARY 2014 CORPORATE PRESENTATION – Forum Energy Technologies, Inc. – slide 7
    Next Generation ROV 8
  8. FEBRUARY 2014 CORPORATE PRESENTATION – Forum Energy Technologies, Inc. – slide 8
    Focused Acquisition Strategy Global oilfield, manufactured products Leveraged to attractive secular growth trends Strong brand and market position Activity-based, consumable products High Growth International Expansion 9
  9. FEBRUARY 2014 CORPORATE PRESENTATION – Forum Energy Technologies, Inc. – slide 9
    4th Quarter 2013 Results (unaudited) ( millions) Quarterly Revenue & Adj. EBITDA Margin % 500 25% 390 394 400 373 20% 368 20.3% 19.2% 16.9% 17.3% 300 15% 200 10% 100 5% - 0% Q1 2013 Q2 2013 Q3 2013 Q4…
  10. FEBRUARY 2014 CORPORATE PRESENTATION – Forum Energy Technologies, Inc. – slide 10
    Product Line Revenue Growth ( millions) 2014 Product Line 2012 2013 Growth Product Line Drivers Drilling Technologies 434 462 B+V, jackup market, ME & LA, flat US rig count Subsea Technologies 250 316 Deepwater rigs, subsea…
  11. FEBRUARY 2014 CORPORATE PRESENTATION – Forum Energy Technologies, Inc. – slide 11
    Capitalization Strong balance sheet to support growth initiatives Senior notes offering completed in Q4 2013 151 million of free cash flow in 2013 (mm) 12/31/13 12/31/12 Capitalization 6.25% Senior unsecured notes due October 2021…
  12. FEBRUARY 2014 CORPORATE PRESENTATION – Forum Energy Technologies, Inc. – slide 12
    Summary Large cap capabilities, small cap growth Global oilfield, manufactured products and equipment company Leveraged to attractive secular growth trends Deepwater / Subsea Drilling / Well Construction Production / Completion /…
  13. FEBRUARY 2014 CORPORATE PRESENTATION – Forum Energy Technologies, Inc. – slide 13
    Smart Solutions. Powerful Products. Questions
  14. FEBRUARY 2014 CORPORATE PRESENTATION – Forum Energy Technologies, Inc. – slide 14
    Sources of Revenue As a percent of 2013 sales Geography Purchase Cycle Latin America Middle East Other 4% 4% 3% Canada 7% Asia Pacific Capital 10% Equipment Consumable United Products 44% Europe States 53% Africa 60%…
  15. FEBRUARY 2014 CORPORATE PRESENTATION – Forum Energy Technologies, Inc. – slide 15
    Drilling & Subsea Division Subsea Technologies Largest range of Subsea Capex (MM) & Subsea Tree Start-ups ROVs in industry 20,000 800 Perry and Sub-Atlantic No. of Subsea Tree Startups 15,000 600 ROV Technology CAPEX…
  16. FEBRUARY 2014 CORPORATE PRESENTATION – Forum Energy Technologies, Inc. – slide 16
    Subsea Technologies Deployment of the T-1200 Trencher 17
  17. FEBRUARY 2014 CORPORATE PRESENTATION – Forum Energy Technologies, Inc. – slide 17
    Drilling & Subsea Division Drilling Technologies Mission Critical Drilling Capital Equipment Drilling Consumable Product Suite Mousehole tool XL Backsaver 1,000 ton hydraulic elevator Wrangler Catwalk Casing slip Blohm +…
  18. FEBRUARY 2014 CORPORATE PRESENTATION – Forum Energy Technologies, Inc. – slide 18
    Drilling & Subsea Division Downhole Technologies Trusted Name in a Consolidated Market1 Others 22% Varel Weatherford 3% 39% Top-Co 8% Forum (Davis- Lynch) Halliburton 11% 17% Davis-Lynch Casing & Cementing…
  19. FEBRUARY 2014 CORPORATE PRESENTATION – Forum Energy Technologies, Inc. – slide 19
    Production & Infrastructure Division Production Equipment Heater Treater Tanks Separators Well Manifold 20
  20. FEBRUARY 2014 CORPORATE PRESENTATION – Forum Energy Technologies, Inc. – slide 20
    Production & Infrastructure Division Valve Solutions Two piece trunnion valves for the shale markets Specified ball valve of choice for the US Strategic Petroleum Reserve Preferred valve supplier to leading Canadian oil…
  21. FEBRUARY 2014 CORPORATE PRESENTATION – Forum Energy Technologies, Inc. – slide 21
    Production & Infrastructure Division Flow Equipment 22 22
  22. FEBRUARY 2014 CORPORATE PRESENTATION – Forum Energy Technologies, Inc. – slide 22
    Production & Infrastructure Division Global Tubing JV 23
  23. FEBRUARY 2014 CORPORATE PRESENTATION – Forum Energy Technologies, Inc. – slide 23
    Senior Management Executive team has an average of 30+ yrs of industry experience Cris Gaut, Chairman & CEO President (Drilling & Evaluation), CFO Halliburton Co-COO & CFO ENSCO Prady Iyyanki, COO President & CEO GE…
  24. FEBRUARY 2014 CORPORATE PRESENTATION – Forum Energy Technologies, Inc. – slide 24
    Board of Directors Cris Gaut, FET Chairman & CEO Franklin Myers President (Drilling & Evaluation) and Chief Financial Officer, Cameron CFO Halliburton General Counsel, Baker Hughes ENSCO Evelyn Angelle, Halliburton Terence…
  25. FEBRUARY 2014 CORPORATE PRESENTATION – Forum Energy Technologies, Inc. – slide 25
    Reconciliation of Non-GAAP Measures Forum Energy Technologies, Inc. Reconciliation of GAAP to non-GAAP financial information (Unaudited) Actual ( millions) Q1 2013 Q2 2013 Q3 2013 Q4 2013 FY 2013 FY 2012 EBITDA Reconciliation…

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