Skip to main content BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. Investor Presentation | Shale Experts
Loading...
Pm

BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc.

Dril-Quip, Inc. · Sep 15, 2010 · 33 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. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 1
  2. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 2
    Company Profile Pure Play in Deepwater Offshore Market Significant Operating Leverage Vertically Integrated, Low Cost Manufacturer Increasing Manufacturing Capacity Consistent Track Record of New Product Innovation Hi hl…
  3. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 3
    Selected Highlights
  4. BARCLAYS CAPITAL CEO ENERGY POWER 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 Houston, Asia Pacific Headquarters Singapore Brazil…
  5. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 5
    Supplier to Key Offshore Operators
  6. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 6
    Worldwide Revenues and Backlog Revenue Backlog (mm) (mm) 700 700 600 543 540 603 496 600 563 500 443 500 429 400 341 400 336 300 300 248 200 200 100 100 0 0 2005 2006 2007 2008 2009 12/05 12/06 12/07 12/08 12/09
  7. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 7
    Proven Track Record of Profitability Net Income Net Income Margin g * (mm) (%) 125 25 107.9 105 105.6 6 105 21.8 105.1 1 19.6 19.5 19.5 100 86.9 20 75 15 9.6 50 10 32.6 25 5 0 0 2005 2006 2007 2008 2009 2005 2006 2007…
  8. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 8
    Condensed Consolidated Statements of Income Year ea Ended ded December ece be 331,, (Millions of USD) 2008 2009 Revenues 542.8 540.2 Cost and Expenses: Cost of sales 57.5% 312.3 57.4% 310.3 S, G & A expenses 62.4 60.7…
  9. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 9
    Condensed Consolidated Statements of Income Six Months S o t s Ended ded Ju June e 30, (Millions of USD) 2009 2010 Revenues 260.7 284.5 Cost and Expenses: Cost of sales 57.3% 149.4 56.7% 161.4 S, G & A expenses 27.4 29.5…
  10. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 10
    Condensed Consolidated Balance Sheets Dec. 31, Dec. 31, ((Millions of USD)) 2008 2009 Assets Current assets 514 617 Property, plant and equipment, net 166 200 Total assets 680 817 Liabilities and Stockholders Equity Current liabilities…
  11. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 11
    Condensed Consolidated Balance Sheets Dec. 31, June 30, (Millions of USD) 2009 2010 Assets Current assets 617 635 Property, plant and equipment, net 195 203 Other assets 5 10 Total assets 817 848 Liabilities and Stockholders Equity…
  12. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 12
    Manufacturing Locations Aberdeen (14 ac. / 192,000 sq.ft.) Houston Eldridge (218 ac ac. / 1 1,289,000 289 000 sq.ft.) sq ft ) Singapore (3.4 ac. / 56,000 sq.ft.) Houston Hempstead (15 ac ac. / 175 175,000 000 sq…
  13. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 13
    Vertically Integrated Manufacturing Purchase Raw Forge Materials Rough Machine Heat Treat Finishing Finishing Finishing Finishing Operations Operations Operations Operations Houston Aberdeen Singapore Brazil
  14. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 14
    Facilities Expansion Houston Adding machines both new & rebuilt Added Subsea Controls and Service buildings Increasing forging capability Aberdeen Purchased P h d adjacent dj t site it with ith 64 64,000 000 sq.ft. ft off…
  15. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 15
    Houston Eldridge Manufacturing Facility
  16. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 16
    Forge / Heat Treat
  17. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 17
    Houston Finish Machine Shop
  18. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 18
    Singapore Facilities
  19. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 19
    Brazilian Facilities
  20. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 20
    Future Revenues will be influenced by: Market conditions Pricing Product mix Increased c eased number u be of o machines ac es Increased number of machinists
  21. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 21
    Prior Manufacturing Capacity Actual Actual Dec. 2008 Dec. 2009 Machines 224 239 Ratio 1.38 1.36 Machinists 310 325
  22. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 22
    Planned Machines & Possible Machinists Dec. Dec. Dec. 2010 2011 2012 Planned Machines 247 267 304 Realistic Ratio 1.36 1.60 1.60 Possible Machinists 335 427 486
  23. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 23
    Product and Services Summary 100% Internally Developed Products; 16 New Products over 28 Years Subsea Surface Offshore Rig Equipment Equipment Equipment i Subsea Wellheads i Surface Wellheads i Wellhead Connectors i Mudline…
  24. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 24
    Product Utilization / Installations 1 Specialty Connectors TLP Spar 2 Mudline Suspension 3 Surface Wellheads Jack-Up 4 Surface Trees 5 Subsea Wellheads Platform FPSO Semi Drillship 6 Wellhead Connectors 7 Subsea Trees 8 C Completion l…
  25. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 25
    Subsea Control Systems
  26. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 26
    Subsea Manifolds
  27. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 27
    Integrated Offshore Solutions
  28. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 28
    Liner Hanger Systems
  29. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 29
    Increased Market Opportunities Growth products significantly increase the size of the market served. Market 6,000 Size 5,500 (mm) 5,000 5,000mm 5 000 5,000 4,500 4,000 3,500 3,000 2,500 2,500 mm 2,500 2,000 1,500 1,000…
  30. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 30
    Mobile Offshore Rig g Count Semi-Submersibles & Drillships 340 311 3 312 310 308 280 264 250 239 220 Dec. 2009 Dec. 2010 Dec. 2011 Dec. 2012 Dec. 2013 Source: ODS-Petrodata Database, May 17, 2010
  31. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 31
    Worldwide Floating g Production Units Forecast FPSOs,, SPARs and TLPs 30 25 25 20 18 18 15 13 9 10 5 0 2009 2010E 2011E 2012E 2013E Source: Quest Subsea Database Q2 2010 Update, May 17, 2010
  32. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 32
    Worldwide Subsea Tree Forecast Subsea Tree Awards Forecast Base Case 600 489 450 420 319 303 314 300 150 2009 2010E 2011E 2012E 2013E Source: Quest Subsea Forecast Awards, May 17, 2010
  33. BARCLAYS CAPITAL CEO ENERGY POWER CONFERENCE – Dril-Quip, Inc. – slide 33
    Looking Ahead Focus on deepwater offshore sector Continue capacity expansion Increase market share of all products Continue introduction of new products Maintain strong financial condition

From the store

Browse maps, data & reports in the Shale Experts store