Dresser-Rand Group Inc. (NYSE: DRC) Third Quarter 2010 Conference Call October 29, 2010 Copyright 2009
Third Quarter 2010 Performance Strong operational performance Operating income of 65 million - close to the upper end of guidance range New unit market continues to be strong Aftermarket a little sluggish due to worldwide…
LTM Bookings by Segment ( in Millions) 2,093 LTM bookings through 9/30/10: 2,100 993 19% higher than 9/30/09 1,762 989 New unit bookings up 42% 1,400 Aftermarket bookings up slightly 1,100 By Market (as a % of total 700 773…
Third Quarter Bookings by Segment ( in Millions) 400 361 Total bookings + 24% 291 236 Aftermarket + 11% 212 New Units + 58% 200 Since the beginning of October, booked or received 125 commitments 100 of new 79 unit business 0…
Backlog by Segment ( in Millions) 2,100 1,738 Backlog of 1.7 billion 1,645 354 356 6% higher than 3Q09 1,400 1,384 1,289 New Units up 7% 700 Aftermarket flat 0 3Q09 3Q10 Copyright 2010 New Units Aftermarket 6
Revenues by Segment ( in Millions) 612 625 Total revenues down 21% vs. 265 500 483 3Q09 232 New Unit revenues down 28% 375 347 Aftermarket revenues down 13% 250 251 125 0 3Q09 3Q10 New Units Aftermarket Copyright 2010…
Third Quarter 2010 Results ( in Millions) 3Q10 3Q09 Change Revenues 483.1 612.1 -21% Cost of Sales 337.9 429.9 -21% - % of Revenues 69.9% 70.2% Selling & Administrative 73.5 70.9 4% Research & Development 6.4 5.7 12% Operating…
New Unit Operating Income & Margins ( in Millions) 60 55.9 20.0% 16.1% Lower volumes 45 15.0% Less favorable mix within 13.0% the segment 32.6 30 10.0% 15 5.0% 0 0.0% 3Q09 3Q10 Copyright 2010 Operating Income…
Operating Cash Flow 9 Months Ended Sept. 30 ( in Millions) 9/30/10 9/30/09 Net Income 94.8 169.4 D&A 38.5 37.9 Working Capital 93.4 (103.7) Pension Contributions (5.9) (32.3) Other 37.3 8.3 Net Provided By Operating…
Net Working Capital ( in Millions) 9/30/10 12/31/09 Accts. Receivable, Net 286 290 Inventories, Gross 510 618 Less Progress Payments (212) (265) Inventories, Net 297 353 Prepaid Expenses 39 25 Accounts Payable & Accruals (357)…
Cash Flow 9 Months Ended September 30 ( in Millions) 9/30/10 9/30/09 Net Cash Provided by Operating Activities 258.1 79.6 Investing Activities (82.1) (37.8) Financing Activities (61.7) 2.0 Effect of Exchange Rate Changes (4.5)…
Capital Structure ( in Millions) Net Debt to Capital Strong balance sheet 25% 24% 20% 15% Net debt to total capital 3% 10% 13% 5% Total debt 370 0% 3% 7 3/8% notes mature 2014 08 09 10 3Q 3Q 3Q Net Debt to…
Current Market Conditions and Outlook Considerable market activity Expect new unit bookings to be in the range of 1.1 to 1.3 billion for the full year Expect aftermarket bookings to increase in 4Q10 compared to the 2010 quarterly…
2011 Financial Summary ( and Shares in Millions) New Units Revenue Up 10% Aftermarket Revenue Up 10% Operating Income 260 to 300 - New Unit Operating Margins Low Double Digits - Aftermarket Operating Margins 22% to 24% -…
2010 Investor / Analyst Day Theme: Accelerating Profitable Growth When: November 11, 2010 Meeting will begin at approximately 8:00 a.m. and adjourn following lunch by 1:00 p.m. Where: JW Marriott Hotel, Houston, Texas Who: DRC…
Appendix Copyright 2009
Net Debt Reconciliation to GAAP ( in Millions) At 9/30 2010 2009 Total Debt 370.0 370.1 Less Cash (333.0) (198.2) Net Debt 37.0 171.9 Copyright 2010 20
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