Baker Hughes Earnings Conference Call Q1 2013 19 April, 2013 8:00 am EST 2013 BAKER HUGHES INCORPORATED. ALL RIGHTS RESERVED. TERMS AND CONDITIONS OF USE: BY ACCEPTING THIS DOCUMENT, THE RECIPIENT AGREES THAT THE DOCUMENT…
Q1 2013 Earnings Conference Call Introduction Trey Clark Vice President, Investor Relations Peter Ragauss Financial Performance Senior Vice President and Chief Financial Officer Martin Craighead Business Outlook President…
Q1 Highlights North America revenues and margins grow Improved results in Middle East / Asia Pacific Leading positions in key deepwater markets 4 2013 Baker Hughes Incorporated. All Rights Reserved.
Financial Performance Peter Ragauss Senior Vice President and Chief Financial Officer 5 2013 Baker Hughes Incorporated. All Rights Reserved.
Q1 2013 Financial Highlights Adjusted Net Income 290 million 0.65 per share Venezuela Devaluation 23 million 0.05 per share GAAP Net Income 267 million 0.60 per share Attributable to Baker Hughes Revenue 5.2 billion Down 2%…
North America Q1 Results Revenue PBT1 PBT Margin1 2.6 billion 235 million 9.0% Up 2% Up 13 million Up 30 bps sequentially sequentially sequentially U.S. Pressure Pumping results improve Other product lines in the U.S.…
International Q1 Results Revenue PBT1 PBT Margin1 2.3 billion 281 million2 12.0%2 Down 5% Down 44 million3 Down 110 bps3 sequentially sequentially sequentially Middle East / Asia Pacific posts record revenue and profitability…
Industrial Services Q1 Results Revenue PBT1 PBT Margin1 289 million 24 million 8.3% Down 2% Down 3 million Down 90 bps sequentially sequentially sequentially Seasonal slowdown in PPS business Increased sales of specialty…
Balance Sheet Cash 1.1 billion Up 86 million Total Debt 5.1 billion Up 176 million Total Debt-to-Capital Ratio 23% Capital Expenditures for Q1 2013 490 million Down 237 million 11 2013 Baker Hughes Incorporated. All…
Guidance and Assumptions FY 2013 North America Rig Count United States Average of 1,810 Down 6% Canada Average of 340 Down 7% FY 2013 International rig count Average of 1,360 rigs Up 7%1 Q2 2013 Interest expense 55 million Q2…
Business Outlook Martin Craighead President and Chief Executive Officer 13 2013 Baker Hughes Incorporated. All Rights Reserved.
North America Activity Wells per Qtr.* 10,000 6.0 Year-on-year well count 8,000 5.5 Wells per Rig flat, despite lower rig count per Qtr.* Pressure Pumping 6,000 5.0 utilization increases Improving economics in 4,000 4.5…
Gulf of Mexico Activity Near-term, industry-wide delays Ultra-deepwater frontier gaining momentum Offshore Center for Cementing, Fluids & Chemicals opened in Lafayette 15 2013 Baker Hughes Incorporated. All Rights Reserved.
Middle East / Asia Pacific Operations in Iraq expand up to eleven rigs Project strong growth in the Middle East Key role in production test of methane hydrates in Japan 16 2013 Baker Hughes Incorporated. All Rights Reserved.
Europe / Africa / Russia Caspian Norway start-up costs and delays impact results Successful introduction of new wireline service in North Sea FracPoint gains momentum in international segments 17 2013 Baker Hughes Incorporated.…
Latin America Drilling and Evaluation success in Llanos basin of Colombia FracPoint gains momentum in international segments Long-term opportunity in Corralillo 18 2013 Baker Hughes Incorporated. All Rights Reserved.
Advancing Reservoir Performance Introduction of JewelSuite 3D Modeling software with 3D Geomechanics functionality Builds upon the JewelEarth platform 19 2013 Baker Hughes Incorporated. All Rights Reserved.
Looking Ahead North America market is on the road to recovery Growth in Norway and Iraq to drive margins in second half Remain focused on return on capital and margins 20 2013 Baker Hughes Incorporated. All Rights Reserved.
21 2013 Baker Hughes Incorporated. All Rights Reserved.
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