Skip to main content Q4 2011 CONFERENCE CALL – Baker Hughes Investor Presentation | Shale Experts
Loading...
Pm

Q4 2011 CONFERENCE CALL – Baker Hughes

Baker Hughes · Jan 24, 2012 · 23 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. Q4 2011 CONFERENCE CALL – Baker Hughes – slide 1
    B k H Baker Hughes h Earnings Conference Call Q4 2011 Januaryy 24, 2012 8:30 am EST 2012 BAKER HUGHES INCORPORATED. ALL RIGHTS RESERVED. TERMS AND CONDITIONS OF USE: BY ACCEPTING THIS DOCUMENT, THE RECIPIENT AGREES THAT THE…
  2. Q4 2011 CONFERENCE CALL – Baker Hughes – slide 2
    Q4 2011 Earnings g Conference Call Adam Anderson Ad i i t ti Details Administrative D t il Vice President, Investor Relations Peter Ragauss Financial Highlights Senior Vice President and Chief Financial Officer Operational…
  3. Q4 2011 CONFERENCE CALL – Baker Hughes – slide 3
    Peter Ragauss Senior Vice President and Chief Financial Officer FINANCIAL HIGHLIGHTS 4 2012 Baker Hughes Incorporated. All Rights Reserved.
  4. Q4 2011 CONFERENCE CALL – Baker Hughes – slide 4
    Q4 2011 Financial Highlights g g Adjusted net income 534 million 1.22 per share Less: Impairment of trade names1 (220) million (0.50) per share Net income, GAAP 314 million 0.72 per share 1 Charge of 315 million before-tax…
  5. Q4 2011 CONFERENCE CALL – Baker Hughes – slide 5
    Q4 2011 Financial Highlights g g Record revenue of 5.39 billion Up 22% year over year Up 4% sequentially 1 Adjusted EBITDA of 1.18 billion 2 Up 25% or 240 million from 944 million in Q4 10 3 Up 3% or 35 million from 1.15…
  6. Q4 2011 CONFERENCE CALL – Baker Hughes – slide 6
    2011 Financial Highlights g g Adjusted net income 1.841 billion 4.20 per share Less identified items: Impairment of trade names1 in Q4 (0.220) billion (0.50) per share Tax benefit associated with reorganization2 in Q3 0.214…
  7. Q4 2011 CONFERENCE CALL – Baker Hughes – slide 7
    2011 Financial Highlights g g Record revenue of 19.83 billion Up 38% or 5.42 billion year over year 1 Adjusted EBITDA of 4.31 billion Up 64% or 1.69 billion from 20102 1 2011 EBITDA excludes the charge of 315 million…
  8. Q4 2011 CONFERENCE CALL – Baker Hughes – slide 8
    Q4 2010 to Q4 2011 Bridge g 1.40 1.20 0.35 1.22 0.50 1.00 0.07 0.01 0.04 0.80 0.77 0.60 0.72 0.40 0.20 - Q4 10 Rate Q411 arges Operattions Non- ment Q4 11 Interest ling and Net Interrest…
  9. Q4 2011 CONFERENCE CALL – Baker Hughes – slide 9
    Q3 2011 to Q4 2011 Bridge g 2.00 1.80 0.06 1.60 1.61 0.49 1.40 0.02 0.02 1.20 1 18 1.18 1.22 0.50 1 00 1.00 0.80 0.60 0.72 0 40 0.40 0.20 - GAAP Q3 11 Adjusted Q3 11 Adjusted Q4 11 GAAP Q4 11…
  10. Q4 2011 CONFERENCE CALL – Baker Hughes – slide 10
    North America Financial Results 6% Up 28% year over year 14% Revenue 2.82 billion Up 4% sequentially orth Amerrica 52% 17% Profit Up 49 million year over year Before 527 million1 11% Down 80 million sequentially Tax…
  11. Q4 2011 CONFERENCE CALL – Baker Hughes – slide 11
    International Financial Results 6% Up 16% year over year 14% Revenue 2.25 billion Up 6% sequentially 52% nal 17% nternation Profit Up 175 million year over year Before Tax 350 million1 11% Up 90 million sequentially…
  12. Q4 2011 CONFERENCE CALL – Baker Hughes – slide 12
    Industrial and Other Financial Results 6% Up 12% year over year 14% Revenue 316 million Down 6% sequentially ustrial and Other 52% 17% Profit Flat year over year and Before 28 million1 11% sequentially Tax (PBT) NA LA…
  13. Q4 2011 CONFERENCE CALL – Baker Hughes – slide 13
    Balance Sheet 4.1 billion total debt 20% total debt to capital ratio Capital expenditures 810 million for Q4 2011 2.46 billion year to date Liquidity Cash and short-term investments 1.05 billion Credit facility of 2.5…
  14. Q4 2011 CONFERENCE CALL – Baker Hughes – slide 14
    FY2012 Guidance and Assumptions p Guidance as of January 24, 2012 2,409 average rigs 5% growth year over year North America rig count Q411 to Q412 expected to be flat International rig count 1,295 average rigs 11% growth year…
  15. Q4 2011 CONFERENCE CALL – Baker Hughes – slide 15
    Martin Craighead P id t and President d Chi Chieff Executive E ti Officer Offi OPERATIONAL HIGHLIGHTS 16 2012 Baker Hughes Incorporated. All Rights Reserved.
  16. Q4 2011 CONFERENCE CALL – Baker Hughes – slide 16
    BHI Leadership p Team Martin Craighead President and Chief Executive Officer Belgacem Chariag Russ Cancilla President, VP & Chief Security Officer, Eastern Hemisphere HSE&S Functiona Derek Mathieson Didier Charreton…
  17. Q4 2011 CONFERENCE CALL – Baker Hughes – slide 17
    Overview Global Fundamentals are strong across all markets Improved international margins 18 2011 Baker Hughes Incorporated. All Rights Reserved.
  18. Q4 2011 CONFERENCE CALL – Baker Hughes – slide 18
    North America Overview North America Revenue: 2.82 billion PBT margin: 19%1 Pressure Pumping supply chain challenges We will address challenges Well positioned in the oil markets GOM deep water activity increasing 1 Q4 2011…
  19. Q4 2011 CONFERENCE CALL – Baker Hughes – slide 19
    Latin America Overview Latin America Revenue: 600 million PBT margin: 14%1 Strong growth driven by Brazil and the Andean geomarkets Preferred provider for Artificial Lift First horizontal well in the pre- pre-salt 1 Q4 2011…
  20. Q4 2011 CONFERENCE CALL – Baker Hughes – slide 20
    Middle East, Asia Pacific Overview MEAP Revenue: 752 million PBT margin: 16%1 Delivered strong results in each geomarket New Iraq project Completed BHI Integrated Operations project in Malaysia 1 Q4 2011 PBT margin excludes…
  21. Q4 2011 CONFERENCE CALL – Baker Hughes – slide 21
    Europe p Africa Russia/Caspian p Overview EARC Revenue: 898 million PBT margin: 16%1 Revenue growth with strong incrementals Norway drilling technology success Awarded pre pre--salt contract in Angola 1 Q4 2011 PBT margin…
  22. Q4 2011 CONFERENCE CALL – Baker Hughes – slide 22
    Summaryy Key Points We will resolve North America Pressure Pumping challenges D&E and C&P segments (excluding Pressure Pumping) delivered strong revenue and margin growth International business strong, exited with 16%…
  23. Q4 2011 CONFERENCE CALL – Baker Hughes – slide 23
    Questions 24 2012 Baker Hughes Incorporated. All Rights Reserved.

From the store

Browse maps, data & reports in the Shale Experts store