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Q4 2012 CONFERENCE CALL – Baker Hughes

Baker Hughes · Jan 23, 2013 · 19 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 2012 CONFERENCE CALL – Baker Hughes – slide 1
    Baker Hughes Quarterly Earnings Q4 2012 Earnings Conference Call Q4 2012 2013 Baker Hughes Incorporated. All rights reserved. Terms and conditions of use: by accepting this document, the recipient agrees that the document…
  2. Q4 2012 CONFERENCE CALL – Baker Hughes – slide 2
    Baker Hughes Quarterly Earnings Q4 2012 Q4 2012 Earnings Conference Call Administrative Details Trey Clark Vice President, Investor Relations Peter Ragauss Financial Performance Senior Vice President and Chief Financial…
  3. Q4 2012 CONFERENCE CALL – Baker Hughes – slide 3
    Baker Hughes Quarterly Earnings Q4 2012 2012 Overview Record revenue Strong performance in Gulf of Mexico and Eastern Hemisphere Continued investment in innovative technologies 4 2013 Baker Hughes Incorporated. All Rights…
  4. Q4 2012 CONFERENCE CALL – Baker Hughes – slide 4
    Baker Hughes Quarterly Earnings Q4 2012 Peter Ragauss Senior Vice President and Chief Financial Officer FINANCIAL PERFORMANCE 5 2013 Baker Hughes Incorporated. All Rights Reserved.
  5. Q4 2012 CONFERENCE CALL – Baker Hughes – slide 5
    Baker Hughes Quarterly Earnings Q4 2012 Q4 2012 Financial Highlights Income from Continuing Operations 211 million 0.48 per share Attributable to Baker Hughes Bad Debt Provision 63 million 0.14 per share Income from…
  6. Q4 2012 CONFERENCE CALL – Baker Hughes – slide 6
    Baker Hughes Quarterly Earnings Q4 2012 2012 Financial Highlights Revenue 20.9 billion Up 8% year over year Adjusted EBITDA1,2 3.7 billion Down 12% year over year Adjusted Income from 1.32 billion 3.00 per share Continuing…
  7. Q4 2012 CONFERENCE CALL – Baker Hughes – slide 7
    Baker Hughes Quarterly Earnings Q4 2012 Q3 2012 to Q4 2012 EPS Bridge 1 Charges in Q3 2012 of 43 million before-tax (28 million after-tax) related to internally developed software and other information technology assets, and 20…
  8. Q4 2012 CONFERENCE CALL – Baker Hughes – slide 8
    Baker Hughes Quarterly Earnings Q4 2012 North America Q4 Results Revenue PBT1 PBT Margin1 2.6 billion 222 million 8.7% Down 7% Down 99 million Down 300 bps sequentially sequentially sequentially Continued pressure pumping…
  9. Q4 2012 CONFERENCE CALL – Baker Hughes – slide 9
    Baker Hughes Quarterly Earnings Q4 2012 International Q4 Results Revenue PBT1 PBT Margin1 2.5 billion 324 million2 13.1%2 Up 8% Up 47 million3 Up 110 bps3 sequentially sequentially sequentially Strong quarterly revenue in…
  10. Q4 2012 CONFERENCE CALL – Baker Hughes – slide 10
    Baker Hughes Quarterly Earnings Q4 2012 Industrial Services Q4 Results1 Revenue PBT2 PBT Margin2 191 million 21 million 11.0% Down 1% Up 6 million Up 320 bps sequentially sequentially sequentially Improved profits on…
  11. Q4 2012 CONFERENCE CALL – Baker Hughes – slide 11
    Baker Hughes Quarterly Earnings Q4 2012 Balance Sheet, as of December 31, 2012 Capital Expenditures for Q4 2012 714 million Total Debt 4.9 billion Down 229 million sequentially Total Debt-to-Capital Ratio 22% Down 1% point…
  12. Q4 2012 CONFERENCE CALL – Baker Hughes – slide 12
    Baker Hughes Quarterly Earnings Q4 2012 Guidance and Assumptions as of Jan. 23, 2013 FY 2013 North America rig count Average of 2,157 rigs Down 5% United States Average of 1,823 Down 5% Canada Average of 334 Down 8% FY 2013…
  13. Q4 2012 CONFERENCE CALL – Baker Hughes – slide 13
    Baker Hughes Quarterly Earnings Q4 2012 Martin Craighead President and Chief Executive Officer BUSINESS OUTLOOK 14 2013 Baker Hughes Incorporated. All Rights Reserved.
  14. Q4 2012 CONFERENCE CALL – Baker Hughes – slide 14
    Baker Hughes Quarterly Earnings Q4 2012 North America Further rig efficiencies Low gas prices and crude differentials impacting Canada Increasing operational integration 15 2013 Baker Hughes Incorporated. All Rights…
  15. Q4 2012 CONFERENCE CALL – Baker Hughes – slide 15
    Baker Hughes Quarterly Earnings Q4 2012 U.S. Pressure Pumping Excess capacity to persist Internal overhaul continues Improving the economies of shale 16 2013 Baker Hughes Incorporated. All Rights Reserved.
  16. Q4 2012 CONFERENCE CALL – Baker Hughes – slide 16
    Baker Hughes Quarterly Earnings Q4 2012 Gulf of Mexico Favorable activity, share, price and mix Next generation, Multizone Single Trip Frac success 17 2013 Baker Hughes Incorporated. All Rights Reserved.
  17. Q4 2012 CONFERENCE CALL – Baker Hughes – slide 17
    Baker Hughes Quarterly Earnings Q4 2012 International Leading provider of drilling services in Norway First Steerable Drilling Liner operation in North Sea Gaining share in East Africa Integrated Operations growth in Latin…
  18. Q4 2012 CONFERENCE CALL – Baker Hughes – slide 18
    Baker Hughes Quarterly Earnings Q4 2012 Looking Ahead Rising service intensity continues Increasing expertise and capabilities Improving quality of earnings 19 2013 Baker Hughes Incorporated. All Rights Reserved.
  19. Q4 2012 CONFERENCE CALL – Baker Hughes – slide 19
    Baker Hughes Quarterly Earnings Q4 2012 20 2013 Baker Hughes Incorporated. All Rights Reserved.

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