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Q1 2011 RESULTS – Baker Hughes

Baker Hughes · Apr 27, 2011 · 19 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. Q1 2011 RESULTS – Baker Hughes – slide 1
    Baker Hughes Earnings Conference Call Q1 2011 April 27, 2011 8:30 a.m. EST 2010 Baker Hughes Incorporated. All Rights Reserved.
  2. Q1 2011 RESULTS – Baker Hughes – slide 2
    1Q 2011 Earnings Conference Call Administrative Details Gary Flaharty Vice President, Investor Relations Financial Highlights Peter Ragauss Senior Vice President and Chief Financial Officer Operational Highlights Martin Craighead…
  3. Q1 2011 RESULTS – Baker Hughes – slide 3
    Financial Highlights Peter Ragauss Senior Vice President and Chief Financial Officer 4 2010 Baker Hughes Incorporated. All Rights Reserved.
  4. Q1 2011 RESULTS – Baker Hughes – slide 4
    Q1 2011 Financial Highlights Net income of 381 million Net income per share of 0.87 Revenue of 4.53 billion up 78% year-on-year up 2% sequentially EBITDA per share of 2.19 up 0.86 or 65% from 1.33 per share in Q1 10 up 0.01 from…
  5. Q1 2011 RESULTS – Baker Hughes – slide 5
    Q1 2010 to Q1 2011 Bridge 6 2010 Baker Hughes Incorporated. All Rights Reserved.
  6. Q1 2011 RESULTS – Baker Hughes – slide 6
    Q4 2010 to Q1 2011 Bridge 7 2010 Baker Hughes Incorporated. All Rights Reserved.
  7. Q1 2011 RESULTS – Baker Hughes – slide 7
    Operational Highlights North America Revenue: 2.35 B; up 43% YoY, up 6% sequentially PBT: 460 MM; up 284 MM YoY, down 18 MM sequentially PBT Margin 20% International Revenue: 1.90 B; up 8% YoY, down 2% sequentially PBT: 233…
  8. Q1 2011 RESULTS – Baker Hughes – slide 8
    Balance Sheet 3.8 billion total debt 21% total debt to capital ratio Q1 capital expenditure 429 million Liquidity Cash and short-term investments 1.4 billion Undrawn credit facilities of 1.7 billion 9 2010 Baker Hughes…
  9. Q1 2011 RESULTS – Baker Hughes – slide 9
    2011 Guidance and Assumptions Guidance as of April 27th, 2011 Interest expense 200 - 205 million Corporate Costs 250 - 260 million, unchanged D&A 1.38 1.43 billion, unchanged Capex 2.3 2.7 billion, unchanged Tax rate 36 - 34%,…
  10. Q1 2011 RESULTS – Baker Hughes – slide 10
    Operational Highlights Martin Craighead President and Chief Operating Officer 11 2010 Baker Hughes Incorporated. All Rights Reserved.
  11. Q1 2011 RESULTS – Baker Hughes – slide 11
    Latin America Segment Q1 Revenue: 473 million Up 74 million or 19% year-over-year Down 9 million or 2% sequentially Q1 Operating Profit: 63 million Q4 Operating PBT Margin: 13% Directional well kicked off in pre-salt Brazil…
  12. Q1 2011 RESULTS – Baker Hughes – slide 12
    Europe / Africa / Russia Caspian Segment Q1 Revenue: 771 million Down 44 million or 5% year-over-year Down 22 million or 3% sequentially Q1 Operating PBT: 91 million Q1 Operating PBT Margin: 12% First installation of GeoFORMTM…
  13. Q1 2011 RESULTS – Baker Hughes – slide 13
    Middle East / Asia Pacific Segment Q1 Revenue: 659 million Up 105 million or 19% year-over-year Up 2 million sequentially Q1 Operating PBT: 79 million Q1 Operating PBT Margin: 12% Exceptional drilling performance in Saudi…
  14. Q1 2011 RESULTS – Baker Hughes – slide 14
    Industrial & Other Segment Q1 Revenue: 270 million Up 22 million or 9% year-over-year Down 11 million or 4% sequentially Q1 Operating PBT: 14 million Q1 Operating PBT Margin: 5% Seasonal impact on Q1 2011 Source: April…
  15. Q1 2011 RESULTS – Baker Hughes – slide 15
    North America Segment Q1 Revenue: 2.352 billion Up 711 million or 43% year-over-year Up 142 million or 6% sequentially Q1 Operating Profit: 460 million Q1 Operating Margin: 20% Over 350 million of revenue synergies in US Land…
  16. Q1 2011 RESULTS – Baker Hughes – slide 16
    Chairmans Remarks Chad Deaton Chairman and Chief Executive Officer 17 2010 Baker Hughes Incorporated. All Rights Reserved.
  17. Q1 2011 RESULTS – Baker Hughes – slide 17
    Managing Costs 18 2010 Baker Hughes Incorporated. All Rights Reserved.
  18. Q1 2011 RESULTS – Baker Hughes – slide 18
    North America Rig Count Area 2010 2011 2011 Actual Forecast Forecast Q4 10 Q1 11 US 1548 1740 1790 Canada 348 340 390 N America 1896 2080 2180 Gas vs. Oil rigs in the US 19 2010 Baker Hughes Incorporated. All Rights Reserved.
  19. Q1 2011 RESULTS – Baker Hughes – slide 19
    20 2010 Baker Hughes Incorporated. All Rights Reserved.

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