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CREDIT SUISSE ENERGY SUMMIT – Cameron International Corporation

Cameron International Corporation · Feb 8, 2011 · 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. CREDIT SUISSE ENERGY SUMMIT – Cameron International Corporation – slide 1
    Credit Suisse Energy Summit February 8, 2011
  2. CREDIT SUISSE ENERGY SUMMIT – Cameron International Corporation – slide 2
    1 or 2 player in most every business Leading aftermarket/service provider International exposure; two-thirds of revenues generated outside North America Strong backlog provides visibility Balance sheet enables market-leading…
  3. CREDIT SUISSE ENERGY SUMMIT – Cameron International Corporation – slide 3
    Cameron Revenues vs. Orders ( millions) 8,000 7,000 Revenues Orders 6,000 5,000 4,000 3,000 2,000 1,000 0 2003 2004 2005 2006 2007 2008 2009 2010 Compound annual growth rates, 2003-2010 Revenues 21%; Orders 18%
  4. CREDIT SUISSE ENERGY SUMMIT – Cameron International Corporation – slide 4
    Cameron Backlog ( millions at end of period) 5,607 5,190 4,817 4,268 3,531 2,156 947 1,000 2003 2004 2005 2006 2007 2008 2009 2010 Backlog up more than 5x since 2003; provides revenue visibility
  5. CREDIT SUISSE ENERGY SUMMIT – Cameron International Corporation – slide 5
    Cameron Revenues 2010 Drilling & Production Systems Valves & Measurement Process & Compression Systems Distributed Reciprocating Measurement Centrifugal Surface Process Engineered Process Flow Systems Surface Control Subsea…
  6. CREDIT SUISSE ENERGY SUMMIT – Cameron International Corporation – slide 6
    Drilling & Production Systems Revenues vs. Orders ( millions) 5,000 4,500 Revenues 4,000 Orders 3,500 3,000 2,500 2,000 1,500 1,000 500 0 2003 2004 2005 2006 2007 2008 2009 2010 Compound annual growth rates, 2003-2010 Revenues 20%;…
  7. CREDIT SUISSE ENERGY SUMMIT – Cameron International Corporation – slide 7
    Subsea Tree Bookings (Market Shares) 2008 434 trees 2009 319 trees 2010 est. 345 trees 18% 12% 13% 2% 21% 1% 2% 40% 12% 7% 55% 28% 19% 58% 12% Cameron GE Oil & Gas FMC Dril-Quip AKS Source: Quest Offshore Resources,…
  8. CREDIT SUISSE ENERGY SUMMIT – Cameron International Corporation – slide 8
    Subsea Tree Bookings Industry total; Actual/Forecast 2003-2012 600 Forecast (Mean case, Nov. 2010) 500 Actual 400 300 200 100 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Reflects Quests mean case forecasts for…
  9. CREDIT SUISSE ENERGY SUMMIT – Cameron International Corporation – slide 9
    Deepwater Exposure: A Broad Array of Products Beyond Subsea Trees Cameron offers a full suite of products and services to the deepwater drilling, production and processing segments of the industry.
  10. CREDIT SUISSE ENERGY SUMMIT – Cameron International Corporation – slide 10
    Valves & Measurement Revenues vs. Orders ( millions) 1,600 1,400 Revenues Orders 1,200 1,000 800 600 400 200 0 2003 2004 2005 2006 2007 2008 2009 2010 Compound annual growth rates, 2003-2010 Revenues 22%; Orders 25%
  11. CREDIT SUISSE ENERGY SUMMIT – Cameron International Corporation – slide 11
    Valves & Measurement: Long-Term Customer Relationships Built Through Alliances Partners Benefits Cameron: Reduced Bidding costs Supply Chain Manufacturing Savings Repeat Orders Client: Key Alliances Reduced Bidding Costs…
  12. CREDIT SUISSE ENERGY SUMMIT – Cameron International Corporation – slide 12
    Process & Compression Systems Revenues vs. Orders ( millions) 1,400 1,200 Revenues Orders 1,000 800 600 400 200 0 2003 2004 2005 2006 2007 2008 2009 2010 Compound annual growth rates, 2003-2010 Revenues 20%; Orders 20%
  13. CREDIT SUISSE ENERGY SUMMIT – Cameron International Corporation – slide 13
    High-Potential Offshore Segment: FPSO Topsides Worldwide Award Forecast By FPS Type Key Cameron offerings for FPSOs: (Number of Units/Award years) Processing Systems 35 TLP FLNG Compression Systems 30 Spar Valves and Actuators…
  14. CREDIT SUISSE ENERGY SUMMIT – Cameron International Corporation – slide 14
    Cameron Revenues New Equipment vs. Aftermarket ( millions) 7,000 New Equipment 6,000 Aftermarket 5,000 4,000 3,000 2,000 1,152 1,141 1,339 1,000 898 1,040 572 628 730 0 2003 2004 2005 2006 2007 2008 2009 2010 2010…
  15. CREDIT SUISSE ENERGY SUMMIT – Cameron International Corporation – slide 15
    Drilling Equipment Market Opportunities New safety and equipment requirements, including new BOP equipment, retrofit opportunities, upgrade and inspection of BOPs and BOP controls. Camerons Market Share of Offshore Rig Fleet…
  16. CREDIT SUISSE ENERGY SUMMIT – Cameron International Corporation – slide 16
    Total Debt (net of cash) Net debt (mm) Debt/Cap 600 50% Debt 500 Debt/Cap 40% 400 30% 300 20% 200 100 10% 0 0% 2004 2005 2006 2007 2008 2009 2010 As of year-end 2010, cash and equivalents of 1.8 billion exceeded debt by…
  17. CREDIT SUISSE ENERGY SUMMIT – Cameron International Corporation – slide 17
    Uses of funds ( millions) 800 Share Repurchases 700 Acquisitions Capital Expenditures 279 600 500 322 9 400 282 192 29 124 300 95 76 329 23 41 200 29 171 246 272 241 100 185 201 54 78 0 2004 2005 2006 2007 2008 2009…
  18. CREDIT SUISSE ENERGY SUMMIT – Cameron International Corporation – slide 18
    Cameron Revenues, Earnings per share 7,000 3.00 Revenues ( mm) 6,000 Earnings per share 2.50 5,000 2.00 4,000 1.50 3,000 1.00 2,000 1,000 0.50 0 0.00 2003 2004 2005 2006 2007 2008 2009 2010 Compound annual growth rates,…
  19. CREDIT SUISSE ENERGY SUMMIT – Cameron International Corporation – slide 19

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