Baker Hughes Earnings Conference Call Q3 2010 November 1, 2010 0830 EST 1 2010 Baker Hughes Incorporated. All Rights Reserved.
3rd Quarter 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 g Senior Vice President and Chief Financial Officer 4 2010 Baker Hughes Incorporated. All Rights Reserved.
GAAP Financial Highlights Net income of 255 million N t income Net i per share h off 0 0.59 59 up 0.41 from 0.18 per share in Q3 09 up 0.36 from 0.23 per share in Q2 10 Revenue of 4.08 billion up 83% year-on-year up 21%…
Additional Considerations GAAP earnings i per share h 0.59 0 59 Tax rate (32.5% actual vs. 37.5%) (0.04) Revised D&A estimate (0 01) (0.01) 0.54 6 2010 Baker Hughes Incorporated. All Rights Reserved.
Q3 2009 to Q3 2010 Bridge 0.48 7 2010 Baker Hughes Incorporated. All Rights Reserved.
Q2 2010 to Q3 2010 Bridge 0.20 0.13 8 2010 Baker Hughes Incorporated. All Rights Reserved.
Supplemental Information Available on our website Includes revenue and operating income for Baker Hughes and BJ Services combined Includes revised amortization in prior periods Excludes synergies 9 2010 Baker Hughes…
Operational Highlights North America Revenue 2 billion, up 71% YoY and 16% sequentially PBT 340 million, up 356 million YoY and 52% sequentially PBT Margin g 17% International Revenue 1.8 billion, up 6% YoY and up 1%…
Balance Sheet 3.8 billion debt 1.5 billion 5-1/8% senior notes issued 511 million commercial paper repayment 250 million to repay 5 5-3/4% 3/4% BJS notes in June 2011 Q3 Capital expenditure 466 million Cash and short-term…
Guidance Interest expense: 52 million in Q4 2010 Corporate Costs: 50 - 55 million in Q4 2010 Tax rate: 36-37% for Q Q4 2010 D&A: 305 - 315 million in Q4 2010 Capex iin Q4 550 - 600 million C illi 1.7 billion for all of 2010 GoM…
Operational Highlights Martin Craighead President and Chief Operating Officer 13 2010 Baker Hughes Incorporated. All Rights Reserved.
North America Segment Q3 Revenue: 2.006 billion Up p836 million or 71% yyear-over-year y Up 278 million or 16% sequentially Q3 Operating Profit: 340 million Q3 Operating p g Margin: g 17% Incremental Margins over 40%…
Latin America Segment Q3 Revenue: 431 million Up 31 million or 8% year-over-year Up p 7 million or 2% sequentially q y Q3 Operating Profit: 9 million Q3 Operating PBT Margin: 2% Highlights Redeploying resources from Mexico…
Europe / Africa / Russia Caspian Segment Q3 Revenue: 757 million Up 41 million or 6% year-over-year Down 10 million or 1% sequentially Q3 Operating PBT: 47 million Q3 Operating PBT Margin: 6% Highlights Integrated project…
Middle East / Asia Pacific Segment Q3 Revenue: 606 million Up 34 million or 6% year-over-year Up 27 million or 5% sequentially Q3 Operating PBT: 39 million Q3 Operating PBT: 6% Highlights FracPoint with formation evaluation…
Customer Focused Organization Our geomarket managementt teams t Russia Caspian Are demonstrating a Canada Europe more holistic view of the market US Land Middle East Asia Pacific Are developing closer Gulf of Mexico…
Improving International Profitability Overhead short-term Eliminate inefficiencies Volume Growth Incurred severance costs in Q3 10 Overhead long-term Revision of geomarket structure Supply Chain On target g BJ Services…
Industrial & Other Segment Q3 Revenue: 278 million Up p26 million or 10% yyear-over-year y Up 31 million or 13% sequentially Q3 Operating PBT: 36 million Q3 Operating p g PBT Margin: g 13% Highlights Baker Hughes and…
Chairmans Remarks Chad Deaton Chairman and Chief Executive Officer 21 2010 Baker Hughes Incorporated. All Rights Reserved.
US Rebound Driven by Horizontal Drilling gas-directed gas directed oil-directed oil directed 22 2009 Baker Hughes Incorporated. All Rights Reserved.
BJS Integration Update A il 10 April BJS Acquired September 10 10 Hold Separate Lifted Management in place Sales teams working together Within the existing backlog On Future Tenders Frac crew on site in the Horn River gas…
Baker Hughes Shale Gas Services Exploration Appraisal Development Production Rejuvenate Geomechanical Wireline logging Wireline logging Total chemical BJ Services models MWD, MWD LWD LWD, MWD, MWD LWD LWD, solution refracturing…
International Rig Count International Rig Count, Change from 1108 in September 2008 100 50 0 10/2008 11/2008 12/2008 10/2009 11/2009 12/2009 9/ 2008 1/2009 2/2009 3/2009 4/2009 5/2009 6/2009…
10 20 30 40 -30 -20 -10 0 26 Mexico L Australia L A Oman L Saud di Arabia L Germany L G 2010 Baker Hughes Incorporated. All Rights Reserved. Egypt O Arrgentina L Norway O N Pakistan L P…
27 2010 Baker Hughes Incorporated. All Rights Reserved.
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