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FEBRUARY 2012 INVESTOR PRESENTATION – Baker Hughes

Baker Hughes · Feb 15, 2012 · 30 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 2012 INVESTOR PRESENTATION – Baker Hughes – slide 1
    BAKER HUGHES Investor Presentation February 15, 2012
  2. FEBRUARY 2012 INVESTOR PRESENTATION – Baker Hughes – slide 2
    Create Value by being the service company that best anticipates, understands and exceeds our customers expectations.
  3. FEBRUARY 2012 INVESTOR PRESENTATION – Baker Hughes – slide 3
    Overview Financial Performance Market Outlook Technology 4 2012 Baker Hughes Incorporated. All Rights Reserved.
  4. FEBRUARY 2012 INVESTOR PRESENTATION – Baker Hughes – slide 4
    Q4 2011 Financial Highlights Up 22% year over year Revenue 5.39 B Up 4% sequentially Up 25% year over year2 Baker Hughes Adjusted EBITDA 1.18 B1 Q4 Results Up 3% sequentially3 GAAP Net Income 314 MM 0.72 per share…
  5. FEBRUARY 2012 INVESTOR PRESENTATION – Baker Hughes – slide 5
    2011 Financial Highlights Revenue 19.83 B Up 38% year over year Adjusted EBITDA 4.31 B5 Up 64% year over year6 GAAP Net Income Baker Hughes 1.74 B 3.97 per share 2011 Results Less: Identified Items - Impairment of…
  6. FEBRUARY 2012 INVESTOR PRESENTATION – Baker Hughes – slide 6
    North America Q4 Results North America Revenue PBT PBT Margin 2.82 B 527 MM1 19%1 Up 28% year Up 49 MM Down 367 bps over year year over year sequentially Up 4% Down 80 MM sequentially sequentially Pressure Pumping supply…
  7. FEBRUARY 2012 INVESTOR PRESENTATION – Baker Hughes – slide 7
    Latin America Q4 Results Latin America Revenue PBT PBT Margin 600 MM 86 MM1 14%1 Up 24% year Up 43 MM Up 183 bps over year year over year sequentially Up 6% Up 15 MM sequentially sequentially Strong growth driven by Brazil &…
  8. FEBRUARY 2012 INVESTOR PRESENTATION – Baker Hughes – slide 8
    EARC Q4 Results Europe, Africa, Russia and Caspian Revenue PBT PBT Margin 898 MM 147 MM1 16%1 Up 13% year Up 83 MM Up 402 bps over year year over sequentially Up 6% year sequentially Up 42 MM sequentially Revenue growth with…
  9. FEBRUARY 2012 INVESTOR PRESENTATION – Baker Hughes – slide 9
    MEAP Q4 Results Middle East, Asia Pacific Revenue PBT PBT Margin 752 MM 117 MM1 16%1 Up 14% year Up 49 MM Up 369 bps over year year over sequentially Up 6% year sequentially Up 33 MM sequentially Delivered strong results in…
  10. FEBRUARY 2012 INVESTOR PRESENTATION – Baker Hughes – slide 10
    Industrial and Other Q4 Results Industrial and Other Revenue PBT PBT Margin 316 MM 28 MM1 9%1 Up 12% year Flat year over Up 53 bps over year year and sequentially Down 6% sequentially sequentially 1 Q4 2011 PBT and PBT margin…
  11. FEBRUARY 2012 INVESTOR PRESENTATION – Baker Hughes – slide 11
    Closing the Gap on International Margins International Oilfield Operations Operating Margins 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% Q3 2009 Q4 2009 Q1 2010 Q2 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Q3 2011 Q4 2011…
  12. FEBRUARY 2012 INVESTOR PRESENTATION – Baker Hughes – slide 12
    Closing the Gap on International Margins International Oilfield Operations Relative Operating Margin Indexed to Q3 2009 180% 160% 140% 120% 100% 80% 60% 40% 20% 0% Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1…
  13. FEBRUARY 2012 INVESTOR PRESENTATION – Baker Hughes – slide 13
    International Revenue Growth International Oilfield Operations Revenue Indexed to Q3 2009 135% 130% 125% 120% 115% 110% 105% 100% 95% 90% 85% Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4…
  14. FEBRUARY 2012 INVESTOR PRESENTATION – Baker Hughes – slide 14
    Relative International Market Share International Oilfield Operations Relative Market Share Indexed to Q3 2009 115% 110% 105% 100% 95% 90% Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 BHI…
  15. FEBRUARY 2012 INVESTOR PRESENTATION – Baker Hughes – slide 15
    Enhancing Pressure Pumping Efficiency Improve Workforce Utilization ND Increase Sand Supply WI PA OH Enhance Rail and WV Transport Logistics OK Integrated Supply Chain Model Improves Decision TX Making Enhance Local…
  16. FEBRUARY 2012 INVESTOR PRESENTATION – Baker Hughes – slide 16
    Enhancing Pressure Pumping Efficiency Lower Raw Lower Freight Utilization Initiative Description Timing Material Costs Costs Enhancement Increase Sand Supply Contract additional sand supply H2 2012 Streamline Guar Supply…
  17. FEBRUARY 2012 INVESTOR PRESENTATION – Baker Hughes – slide 17
    Long Term Demand Growth Intact Oil Consumption per Capita 30 30 25 25 Barrels per Person Annually 20 20 15 15 10 10 5 5 0 0 Japan China India S. Korea US Source: IMF, BP Statis tical Review, Bloomberg 18 2012…
  18. FEBRUARY 2012 INVESTOR PRESENTATION – Baker Hughes – slide 18
    Global Oil Supply Challenge Global Oil Supply 85 800 80 Global Crude Oil Production 700 Million Barrels/Day 75 600 Billion 70 500 65 400 60 300 55 200 Upstream Capex 50 100 '95 '95 '96 '96 '97 '98 '98 '99…
  19. FEBRUARY 2012 INVESTOR PRESENTATION – Baker Hughes – slide 19
    Rapid North America Rig Count Transition Source: BHI Rig Count, Bloomberg 20 2012 Baker Hughes Incorporated. All Rights Reserved.
  20. FEBRUARY 2012 INVESTOR PRESENTATION – Baker Hughes – slide 20
    Commodity Price Escalation - Guar Source: Bloomberg 21 2012 Baker Hughes Incorporated. All Rights Reserved.
  21. FEBRUARY 2012 INVESTOR PRESENTATION – Baker Hughes – slide 21
    North America Pressure Pumping Market Outlook Supply and Demand Outlook 15,000K Horsepower in the market today 3,000 4,000K Horsepower added throughout 2012 Shift to Oil should drive increase in Demand of 20% due to increasing…
  22. FEBRUARY 2012 INVESTOR PRESENTATION – Baker Hughes – slide 22
    International Market Outlook Market Growth 11% rig count growth 2012 vs. 2011 Largest areas of growth in Middle East and Latin America Revenue growth in-line with rig count Pricing Remains elusive on larger multi-year contracts…
  23. FEBRUARY 2012 INVESTOR PRESENTATION – Baker Hughes – slide 23
    AutoTrak Curve Rotary Steerable System High build rate, fully integrated land-based drilling system Increases drilling performance vs. conventional motor systems Eliminates orienting / sliding for steering Saves trips to change…
  24. FEBRUARY 2012 INVESTOR PRESENTATION – Baker Hughes – slide 24
    KymeraTM Hybrid Bit Technology Compared to Roller Cone Bit: Increased ROP potential Less axial vibration (bit bounce) Lower WOB requirement Compared to PDC Bit: Less, more consistent drilling torque Improved durability in…
  25. FEBRUARY 2012 INVESTOR PRESENTATION – Baker Hughes – slide 25
    FracPoint Multi-Port Completion System Sliding Sleeve Completion with multiple frac initiation points per stage Up to 17 Stages with multiple sliding sleeves per stage Initial deployments successful Interest increasing as an…
  26. FEBRUARY 2012 INVESTOR PRESENTATION – Baker Hughes – slide 26
    In-Tallic Disintegrating Balls 27 2012 Baker Hughes Incorporated. All Rights Reserved.
  27. FEBRUARY 2012 INVESTOR PRESENTATION – Baker Hughes – slide 27
    OptiPort Baker Hughes OptiPort Coiled Tubing Annular Frac Completion Systems Unlimited number of stages Optimized distance Baker Hughes Ported Collar and between stages Custom Pup Joints Reduced fracturing Annular Frac Packer…
  28. FEBRUARY 2012 INVESTOR PRESENTATION – Baker Hughes – slide 28
    Deep Water Subsea Boosting Systems Super Major in Ultra-Deep Water Gulf of Mexico Worlds deepest Water depth - 9,600ft (2,880m) application of seabed separating ESP located at sea-bed and ESP boosting Multi-phase Boosting system…
  29. FEBRUARY 2012 INVESTOR PRESENTATION – Baker Hughes – slide 29
    Baker Hughes Investor Relations Adam Anderson, Vice President, Investor Relations adam.andersonbakerhughes.com 713-439-8039 Eric Holcomb, Director, Investor Relations eric.s.holcombbakerhughes.com 713-439-8822 Barbara Ringo,…
  30. FEBRUARY 2012 INVESTOR PRESENTATION – Baker Hughes – slide 30
    31 2012 Baker Hughes Incorporated. All Rights Reserved.

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