Skip to main content JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. Investor Presentation | Shale Experts
Loading...
Pm

JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc.

Dril-Quip, Inc. · Dec 1, 2011 · 35 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. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 1
    Dril-Quip, Inc. Jefferies & Company, Inc. Jefferies 2011 Global Energy Conference December December 1, 1, 2011 2011
  2. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 2
    Company Profile Pure play in worldwide offshore market Emphasis on deep water Manufacturing Vertically integrated Low-cost manufacturer Increased manufacturing capacity Track record of new product innovation Experienced…
  3. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 3
    Consistent Track Record of Growth 300 600 250 500 Active Floater Rig Count 200 400 Revenue (millions) 150 300 100 200 50 100 0 0 1986 1985 1990 1990 1995 1995 2000 2000 2005 2005 2010 2010 Revenue Active…
  4. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 4
    Strong Global Presence Worldwide offices located near key demand centers Eastern Hemisphere Headquarters Aberdeen, Scotland World Headquarters Houston, Texas Asia Pacific Headquarters Singapore Brazil Dril-Quip…
  5. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 5
    Supplier to Key Offshore Operators
  6. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 6
    Recent Projects Announced Kikeh SPAR (Malaysia) - 39M contract with Murphy Oil Drilling Riser and Dry Tree Completion Systems Big Foot TLP (Gulf of Mexico) contract with Chevron Surface Wellheads and Surface Trees Subsea Wellheads,…
  7. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 7
    Total Floater Rig Count Semi-Submersibles and Drillships 350 330 304 289 300 255 250 200 Dec. 2010 Dec. 2011 Dec. 2012 Dec. 2013 Source: ODS-Petrodata Database, Nov 14, 2011
  8. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 8
    Worldwide Floating Production Units Forecast Awards FPSOs, SPARs and TLPs 45 37 30 27 26 25 18 15 0 2010 2011E 2012E 2013E 2014E Source: Quest FPS Database Q2 2011 Update, Oct 7, 2011
  9. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 9
    Worldwide Subsea Tree Forecast Subsea Tree Awards Forecast Base Case 450 423 415 424 373 375 297 300 225 2010 2011E 2012E 2013E 2014E Source: Quest Subsea Database Q2 2011 Update, Sep 2, 2011
  10. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 10
    Products and Services Summary 100% internally developed products 16 products over 30 years Subsea Subsea Surface Surface Offshore Offshore Rig Rig Equipment Equipment Equipment Equipment Equipment Equipment Specialty…
  11. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 11
    Product Installations / Utilization 1 Specialty Connectors 2 Mudline Suspension Jack-Up Spar (5) TLP (8) 3 Subsea Wellheads (8) Platform 12 4 Tie-Back Connectors (7) 12 15 11 11 Drillship FPSO 11 15 Semi 5 Template Systems 12 15 (5)…
  12. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 12
    Specialty Connectors
  13. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 13
    Subsea Wellheads
  14. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 14
    Dry Tree Completion Systems Surface Production Trees Unitized Surface Wellheads Production Risers Tie-Back Connectors Subsea Wellheads Specialty Connectors Liner Hangers
  15. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 15
    Subsea Completion Systems Subsea Production Trees Subsea Production Control Systems Subsea Manifolds Subsea Wellheads Specialty Connectors Liner Hangers
  16. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 16
    Offshore Rig Equipment Wellhead Connectors Drilling Risers Diverters
  17. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 17
    Manufacturing Locations Houston Eldridge (218 acres) Aberdeen (24 acres) Maca, Brazil (11 acres) Singapore (11 acres)
  18. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 18
    Vertically Integrated Manufacturing Purchase Raw Forge Materials Rough Machine Heat Treat Finishing Finishing Finishing Finishing Finishing Finishing Finishing Finishing Operations Operations Operations Operations…
  19. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 19
    Facilities Expansion Houston Expanded forging capability Adding World Headquarters Building Aberdeen Purchased 7.3-acre adjacent site in 4 th Qtr. 2010 Singapore New facilities complete on 11.2-acre site, move-in scheduled…
  20. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 20
    Houston Eldridge Facilities World Headquarters Building
  21. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 21
    Forge / Heat Treat
  22. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 22
    Open Die Cell
  23. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 23
    Houston Machine Shop Turning
  24. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 24
    Houston Machine Shop Milling
  25. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 25
    Singapore Facilities
  26. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 26
    Maca, Brazil Facilities Site of 2nd Machine Shop
  27. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 27
    Brazilian Machine Shops
  28. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 28
    Planned Machines and Machinists Actual Planned Dec. 2010 Dec. 2011 Machines 247 260 Ratio 1.15 1.13 Machinists 283 295
  29. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 29
    Future Revenues influenced by: World economics / market conditions Industry recovery from Gulf of Mexico incident Increased manufacturing capacity Product mix Pricing
  30. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 30
    Worldwide Revenues and Backlog Revenue Backlog (mm) (mm) 800 800 730 700 700 627 603 600 543 540 566 600 563 496 500 443 500 429 400 400 300 300 200 200 100 100 0 0 2006 2007 2008 2009 2010 12/07 12/08 12/09 12/10 9/11
  31. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 31
    Proven Track Record of Profitability Net Income Net Income Margin * (mm) (%) 125 25 21.8 107.9 105.6 105.1 102.2 19.6 19.4 19.5 100 86.9 20 18.1 75 15 50 10 25 5 0 0 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 *…
  32. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 32
    Condensed Consolidated Statements of Income Year Ended December 31, (Millions of USD) 2010 2009 Revenues 566.3 540.2 Cost and Expenses: Cost of sales 57.0% 322.6 57.4% 310.3 S, G & A expenses 61.1 55.5 Engineering expenses 29.2…
  33. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 33
    Condensed Consolidated Statements of Income Nine Months Ended Sept. 30, (Millions of USD) 2011 2010 Revenues 429.7 424.6 Cost and Expenses: Cost of sales 60.2% 258.6 56.7% 240.8 S, G & A expenses 52.6 45.1 Engineering expenses 25.7…
  34. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 34
    Condensed Consolidated Balance Sheets (Millions of USD) Sept. 30, Dec. 31, 2011 2010 Assets Current assets 750 688 Property, plant and equipment, net 270 247 Other assets 12 13 Total assets 1,032 948 Liabilities and Stockholders Equity…
  35. JEFFERIES 2ND ANNUAL GLOBAL ENERGY CONFERENCE – Dril-Quip, Inc. – slide 35
    Looking Ahead Focus on deepwater offshore sector Expand engineering, project management and project sales staff Continue introduction of new products Increase market share of all products Maintain strong financial condition

From the store

Browse maps, data & reports in the Shale Experts store