Presenter: John T. Gremp President and Chief Operating Officer February 2011 Director, Investor Relations Robert K. Cherry +1 281 591 4560 rob.cherryfmcti.com
These slides and the accompanying presentation contain forward-looking statements which represent managements best judgment as of the date hereof, based on currently available information. Actual results may differ materially from those…
An Oilfield Service and Equipment Company 4.4 billion revenue in 2009 11,200 employees worldwide 25 production facilities in 15 countries FORTUNE Magazine 2010 Worlds Most Admired Oil and Gas Equipment, Services Company 3
4.4B Revenue in 2009 from Two Segments 84% Energy Production Subsea Production Systems Upstream Subsea Processing Systems Surface Wellhead Multi Phase Meters 84% 16% 16% Energy Processing Fluid Control Downstream…
Backlog Starting to Grow Energy Processing Energy Production B Orders* B Backlog 6 5.5 6 4.3 4.5 4.1 4 3.5 4 3.7 3.6 2.9 2.3 2.5 2 2 0 0 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 Thru 3Q Thru 3Q B M 6 Revenue 700…
Subsea Systems is Over 70% of Revenue FMC Technologies 2009 Revenue All Other Products Subsea Systems 6
Subsea is Our Fastest Growing Business Subsea Revenue Market Share B (2007 2009) Revenue Tree Units 22% CAGR 3.1 3.0 3 2.3 GE Vetco GE Vetco 17% 14% 2 1.8 FMC Aker Aker Solutions 1.4 FMC Solutions 33% 12% 46% 12% Dril-Quip 1 4%…
IOCs Increasing Focus on Deepwater The fastest growing source to meet Total World incremental production demands Mboe/D Oil & Gas Production 140 Accessible opportunity for IOCs to Deep 120 employ differentiated technology 100…
Expanding Rig Fleet Adds Capacity for Subsea Well Completions Deepwater Semis 74 new deepwater rigs and Drill-ships increasing fleet by 31% 325 306 309 from 2009 to 2013 292 262 Additional rig commitments 250 235 announced by…
Subsea Technology Leadership Track Record World record water depths World record achieved by FMCwater depths Technologies achieved by FMC Technologies 10
Capabilities in all Major Deepwater Basins 2009 Subsea Revenue: 3.1B Norway Asia- Pacific Brazil North Newfoundland Scotland Sea GOM West Africa Houston Ivory Coast Ghana Malaysia Nigeria Congo Singapore Angola Brazil…
Strong Customer Relationships Drive Growth and Technology Leadership Frame Agreements Alliances Repeat Orders Partnerships Ultra Deepwater High Temperatures High Pressures Innovation Subsea Processing Subsea…
Major Subsea Project Opportunities Ahead Potential 150M+ subsea production system projects in the next 15 months* Operator Project Location No. of Trees Husky Energy Liwan 3-1 China 10 Shell Bonga Nigeria 10 ExxonMobil Erha Ph 2…
Expanding our Subsea Solutions Scope Core Products New Products Trees Subsea Processing Manifolds Separation Control Systems Boosting Template Systems Gas Compression Flowline Connection Systems Well Intervention Services 14
Using Subsea Processing to Enable New Development and Increase Oil Recovery Greenfield challenges: Heavy oil Opportunity Low reservoir pressure to Enable New Hydrate formation Development Brownfield challenges: Declining oil &…
Subsea Processing Projects in Every Major Deepwater Basin Tordis Brownfield Gas/Oil/Water/Sand Separation Boosting Cascade Greenfield Boosting Pazflor Greenfield Gas/Liquid Separation Boosting Perdido Greenfield…
Marlim Project: Increasing Brownfield Oil Recovery Project Operator: First deepwater subsea oil/water separation system Mature field (brownfield) with heavy oil and increasing water production Gas/oil/water/sand separation at 3,000…
Pazflor Project: Enabling Greenfield Economic Viability Project Partners: New field (greenfield) with heavy oil and hydrate risk Gas/liquid separation with boosting at 2,000 ft. depth Producing to FPSO with: 49 subsea trees and…
Market Opportunity to Extend Well Life and Increase Oil Recovery Subsea Installed Base 1,561 8.9 years Subsea production 647 challenges: 5.5 years Subsea well 844 310 4.7 years 7.2 years population aging 783 Production…
Well Intervention Services Patented Technology Solution Lower cost - rigless Faster interventions No hydrocarbons to surface - riserless Increased oil recovery Contracts Awarded to FMC Operator Location Term Start-up Statoil North…
Using Cash to Grow and Repurchase Shares Priorities for Cash Significant Uses of Cash Manufacturing infrastructure M and capital projects 700 600 Acquisitions and technology investments 500 400 Repurchase of shares 300 200…
Delivering Bottom Line Results Diluted Earnings per Share from Continuing Operations 2.87 2.90 2.95 3.00 2.72 1.95 2.00 1.00 0.00 2007 2008 2009 2010 Actuals Guidance* * As of 10/28/10 22
In Summary An oilfield service & equipment company with Visible Growth 22% CAGR in Subsea Since 2005 Deepwater/Subsea Exposure 70%+ of Revenue Leading Market Position 46% Subsea Market Share Strong Customer Relationships…
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