GHS 100 Energy Conference JW Marriott Hotel, Chicago June 25, 2013
Global Supplier of Energy Infrastructure Solutions Revenues: 2012 2.7 billion Bookings: 2012 3.2 billion 2012 Revenue by 2012 Revenue by Business Segment Destination North America Latin America 15% 33% Europe 48% 11% 52%…
Dresser-Rand Investment Highlights Well positioned to benefit from continuing energy infrastructure investment: Traditional oil & gas upstream and downstream growth opportunities Emerging market opportunities (Environmental…
We Serve Energy Infrastructure Worldwide Upstream Midstream Downstream Environmental 2012 Bookings 33% 20% 28% 16% Gas pipeline Hydrocracking Biomass (pic Reinjection above) Gas lift transmission Fluid Catalytic Comb. Heat &…
Significant Progress in Technology Platform Extensions Integrated INTEGRATED Supersonic SUPERSONIC Steam Turbines STEAM TURBINE ENGINES NEW PLATFORMS COMPRESSION Compression COMPRESSION Engines New Platforms Compression…
Continued Progress on ICS Development Petrobras P-18 platform 1st ICS award - successful start-up March 2013 Pemex Litoral - 3Q12 award 2 single lift modules using DATUM I compressors / power rating 18 MW each / core building block…
Infrastructure Investments Driving New Unit Bookings Growth ( in Millions) 2012 market size 8 billion 1,700 Expected annual market growth 10% 1,360 Growth drivers: 1,020 Population growth Economic growth 680 Energy demand growth…
New Unit Major Oil & Gas Market Opportunities Upstream Major 1Q13 new unit awards: 110 floating production units next 5 or so years Floating production unit in the DRC scope of supply: compression and power generation Gulf of Mexico…
Environmental Solutions - CAES Opportunities Dresser-Rand over 20 years of successful Compressed Air Energy Storage (CAES) Only operating installation in North America In 2Q12, acquired IP - now able to provide solutions for the…
Dependable High Margin Aftermarket Revenues ( in Millions) Market size 15 billion 1,500 10% CAGR 2000 to 2012 Since 05 IPO through 2012: New leadership team Implemented growth strategy Added 25 Service & Support 1,000 Centers…
Infrastructure Investments to Accelerate Growth Saudi Arabia Brazil Largest service center network for our class of equipment in the industry 12
Business Model Designed to Support Strong Financial Performance in Both Up and Down Cycles Strong Financial Performance Result: Significant Free Cash Flow Revenues Operating Income % of Sales Free Cash Flow Cumulative FCF 3.0 20 2.5…
Major Uses of Cash 2005 to 2012 ( in Millions) 750 725 569 500 428 320 250 0 Share Acquisitions Debt Capital Exp. & Dividends Repurchase Repayment Investments (Future Consideration) Free cash flow used to increase…
Capital Structure at End of Period ( in Millions) Net Debt to Capital 45% 45% 46% Total debt 1,148 43% 42% 32% Sr. Sub. Notes - 375 20% 20% Sr. Secured Credit facility - 719 14% 11% -3% Other - 54 -5% Net debt 966…
Bookings Outlook ( in Millions) New Units Aftermarket 1,600 to 1,800 1,800 1,800 2,200 to 1,533 2,000 1,358 1,350 1,760 1,630 1,500 1,026 934 1,320 1,210 900 880 727 450 440 0 E 09 10 11 12 0 13…
Revenue and Operating Income Outlook ( in Millions) Revenue Operating Income 3,500 - 3,700 450 - 530* 3,800 540 3,040 2,736 432 2,312 336 2,280 324 259 1,520 216 760 108 0 0 2011 2012 2013E 2011 2012 2013E * Presently bias…
Appendix
NWC Reconciliation to GAAP ( in Millions) 12/31/2012 3/31/2013 Current Assets 1,356.0 1,422.9 Less: Current Liabilities (963.0) (905.3) GAAP Net Working Capital (NWC) 393.0 517.6 Adjustments: Cash and Cash Equivalents (140.4)…
GAAP Reconciliation - Net Debt to Capital ( in Millions) December 31, March 31, 2005 2006 2007 2008 2009 2010 2011 2012 2013 Total Debt 598.2 505.6 370.3 370.1 370.0 370.0 1,029.7 1,050.8 1,148.1 Less Cash (98.0) (146.8) (206.2)…
GAAP Reconciliation - Net Debt to EBITDA ( in Millions) Twelve Months Ended 2005 2006 2007 2008 2009 2010 2011 2012 1Q13 Net Income 37.1 78.8 106.7 197.7 210.8 146.7 120.3 179.0 188.3 Income Taxes 15.5 58.5 60.9 103.6 101.1 69.0…
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