Dril-Quip, Inc. Barclays Capital CEO Energy-Power Conference September 6th, 2011
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…
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…
Supplier to Key Offshore Operators
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…
Total Floater Rig Count Semi-Submersibles and Drillships 350 332 306 291 300 255 250 200 Dec. 2010 Dec. 2011 Dec. 2012 Dec. 2013 Source: ODS-Petrodata Database, Aug 22, 2011
Worldwide Floating Production Units Forecast Awards FPSOs, SPARs and TLPs 45 38 27 30 24 24 18 15 0 2010 2011E 2012E 2013E 2014E Source: Quest QFPD, June 13, 2011
Worldwide Subsea Tree Forecast Subsea Tree Awards Forecast Base Case 450 410 399 389 373 375 322 300 225 2010 2011E 2012E 2013E 2014E Source: Quest Subsea Forecast Awards, May 27, 2011
Products and Services Summary 100% internally developed products 16 products over 30 years Subsea Surface Offshore Rig Equipment Equipment Equipment Specialty Connectors Surface Wellheads Drilling Risers Mudline Suspension Surface…
Dry Tree Completion Systems Surface Production Trees Unitized Surface Wellheads Production Risers Tie-Back Connectors Subsea Wellheads Specialty Connectors Liner Hangers
Subsea Completion Systems Subsea Production Trees Subsea Production Control Systems Subsea Manifolds Subsea Wellheads Specialty Connectors Liner Hangers
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…
Houston Eldridge Facilities World Headquarters Building
Forge / Heat Treat
Open Die Cell
Houston Machine Shop Turning
Houston Machine Shop Milling
Singapore Facilities
Maca, Brazil Facilities Site of 2nd Machine Shop
Brazilian Machine Shops
Planned Machines and Machinists Actual Planned Dec. 2010 Dec. 2011 Machines 247 260 Ratio 1.15 1.13 Machinists 283 295
Future Revenues influenced by: World economics / market conditions Industry recovery from Gulf of Mexico incident Increased manufacturing capacity Product mix Pricing
Proven Track Record of Profitability Net Income Net Income Margin * (mm) (%) 125 25 107.9 105.6 105.1 102.2 21.8 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 *…
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 27.2…
Condensed Consolidated Statements of Income Six Months Ended June 30, (Millions of USD) 2011 2010 Revenues 274.6 284.5 Cost and Expenses: Cost of sales 59.0% 162.1 56.7% 161.4 S, G & A expenses 34.3 29.5 Engineering expenses 17.2…
Condensed Consolidated Balance Sheets (Millions of USD) Jun. 30, Dec. 31, 2011 2010 Assets Current assets 749 688 Property, plant and equipment, net 271 247 Other assets 13 13 Total assets 1,033 948 Liabilities and Stockholders Equity…
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
Dril-Quip, Inc. 13550 Hempstead Hwy. Houston, TX 77040 713-939-7711 www.dril-quip.com
Loading...
