Baker Hughes Earnings Conference Call Q4 2010 January 25, 2011 1000EST 2010 Baker Hughes Incorporated. All Rights Reserved.
4Q and FY2010 Earnings Conference Call Administrative Details Gary Flaharty Vice President, Investor Relations Financial Highlights Peter Ragauss Senior Vice President and Chief Financial Officer Operational Highlights Martin…
Financial Highlights Peter Ragauss Senior Vice President and Chief Financial Officer 4 2010 Baker Hughes Incorporated. All Rights Reserved.
Q4 2010 Financial Highlights Net income of 335 million Net income per share of 0.77 GAAP EPS 0.77 Acquisition related costs 0.08 Gain on investment (0.01) 0.84 5 2010 Baker Hughes Incorporated. All Rights Reserved.
Q4 2010 Financial Highlights Revenue of 4.42 billion up 82% year-on-year up 8% sequentially EBITDA per share of 2.18 up 1.07 or 96% from 1.11 per share in Q4 09 up 0.54 or 33% from 1.64 per share in Q3 10 6 2010 Baker Hughes…
Q4 2009 to Q4 2010 Bridge 7 2010 Baker Hughes Incorporated. All Rights Reserved.
Q3 2010 to Q4 2010 Bridge 8 2010 Baker Hughes Incorporated. All Rights Reserved.
Operational Highlights North America Revenue: 2.21 B; up 69% YoY, up 10% sequentially PBT: 478 MM; up 434 MM YoY, up 138 MM sequentially PBT Margin 22%; Incremental Margin 68% sequentially International Revenue: 1.93 B; up 7%…
Balance Sheet 3.9 billion debt Q4 Capital expenditure 486 million 1.5 billion for the year 2010 Cash and short-term investments 1.7 billion Liquidity 21% Debt to Capital ratio 13% Net Debt to Net Capital ratio 10 2010 Baker…
2011 Guidance and Assumptions Guidance as of January 25th, 2011 Interest expense 195 - 200 million Corporate Costs 250 - 260 million D&A 1.375 1.425 billion Capex 2.3 2.7 billion Tax rate 36 - 34% 11 2010 Baker Hughes…
Operational Highlights Martin Craighead President and Chief Operating Officer 12 2010 Baker Hughes Incorporated. All Rights Reserved.
North America Segment Q4 Revenue: 2,210 billion Up 904 million or 69% year-over-year Up 204 million or 10% sequentially Q4 Operating Profit: 478 million Q4 Operating Margin: 22% Incremental Margins 68% Leveraging expanded…
Latin America Segment Q4 Revenue: 482 million Up 49 million or 11% year-over-year Up 51 million or 12% sequentially Q4 Operating Profit: 44 million Q4 Operating PBT Margin: 9% Deepest HPHT Level IV Multilateral 2,000,000 feet…
Europe / Africa / Russia Caspian Segment Q4 Revenue: 793 million Down 13 million or 2% year-over-year Up 36 million or 5% sequentially Q4 Operating PBT: 64 million Q4 Operating PBT Margin: 8% AutoTrak VTM in Poland South…
Middle East / Asia Pacific Segment Q4 Revenue: 657 million Up 86 million or 15% year-over-year Up 51 million or 8% sequentially Q4 Operating PBT: 68 million Q4 Operating PBT Margin: 10% Coil Tubing Integrated Operations…
Industrial & Other Segment Q4 Revenue: 281 million Up 37 million or 15% year-over-year Up 3 million or 1% sequentially Q4 Operating PBT: 28 million Q4 Operating PBT Margin: 10% Pipeline management seasonally down Cold weather…
Chairmans Remarks Chad Deaton Chairman and Chief Executive Officer 18 2010 Baker Hughes Incorporated. All Rights Reserved.
North America Rig Count US Rig Count North American Rig Forecast 2500 Vertical Area 2010 2011 Directional Horizontal Actual Forecast 2000 US 1548 1740 Canada 348 340 1500 N America 1896 2080 1000 500 0 9/12/2008…
Gulf of Mexico Observations Training and certification of offshore workers Laboratory testing closely monitored Traceability and manufacturing standards for downhole tools Communication between the operator and service company…
International Rig Count International Rig Count Worldwide Rig Forecast 1200 Area 2010 2011 Actual Forecast 1000 US 1548 1740 Asia Paciic 800 Latin America Canada 348 340 Africa Middle East N America 1896 2080 Europe 600 RoW…
22 2010 Baker Hughes Incorporated. All Rights Reserved.
Analyst Conference Invitation 23 2010 Baker Hughes Incorporated. All Rights Reserved.
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