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HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc.

Forum Energy Technologies, Inc. · Mar 18, 2013 · 30 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. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc. – slide 1
    Smart Solutions. Powerful Products. Forum Energy Technologies Smart Solutions. Powerful Products. Confidential
  2. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc. – slide 2
    Forum Energy Technologies Investment Thesis Global oilfield manufactured products and equipment company Leveraged to attractive secular growth trends Deepwater Well complexity Service intensity Competing in consolidated…
  3. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc. – slide 3
    Markets and Key Customers Full cycle exposure subsea, drilling, completion, production Subsea Construction & Infrastructure Development Production Drilling Stimulation & Intervention Well Construction & Completion…
  4. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc. – slide 4
    Business Drivers 40% Well count Multi-well surface production systems, shift to liquid / oil basins Fracturing longer laterals and more stages, pressure pumping consumables Well integrity, injection lines / artificial lift protection…
  5. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc. – slide 5
    Organization Drilling & Subsea Production & Infrastructure From the reservoir to the wellhead From wellhead to the refinery On the drilling rig and below the surface In the production and transportation line Subsea Drilling…
  6. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc. – slide 6
    Weighted Towards Consumables Activity-based revenue drivers Products consumed or worn out during the well construction and completion process, or related to the ongoing operation of large energy transmission and processing…
  7. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc. – slide 7
    Growth Company Focused on organic growth prospects Multiple avenues of growth across our product lines Market share gains New product commercialization Geographic expansion: Bakken, Brazil, Australia, etc. Productivity…
  8. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc. – slide 8
    Focused Acquisition Program M&A as a strategic core competency Significant acquisition program Extended our subsea, drilling, and completion offerings through 12 acquisitions in 2011-12 Product extensions within our existing six…
  9. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc. – slide 9
    Dynacon Launch and Recovery Systems for ROV deployment Smart Solutions. Powerful Products. Confidential 10
  10. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc. – slide 10
    Syntech Buoyancy material for ROVs & other subsea devices Smart Solutions. Powerful Products. Confidential 11
  11. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc. – slide 11
    Merrimac Mud pump parts, wash pipe assemblies and power swivel parts Smart Solutions. Powerful Products. Confidential 12
  12. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc. – slide 12
    Wireline Solutions Wireline tools and ProDrill composite plugs Smart Solutions. Powerful Products. Confidential 13
  13. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc. – slide 13
    2012 Results Solid growth with strong margins ( millions) Revenue and Growth Adj. EBITDA and Margin % 25% 1,415 34% 289 1,128 20.4% 51% 100% 216 19.1% 747 108 14.5% 2010 2011 2012 2010 2011 2012 Note: EBITDA is…
  14. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc. – slide 14
    Product Line Growth 2013 Product Line 2011 2012 Growth Product Line Drivers Drilling Technologies 372 434 100+ rig count growth, jackup market, ME & LA Subsea Technologies 221 250 Deepwater rigs, subsea tree orders Downhole…
  15. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc. – slide 15
    Capitalization Strong balance sheet to support growth initiatives Initial public offering closed on April 17, 2012 and raised 256.4 million net proceeds Concurrent private placement of 50 million Total Net Capitalization (…
  16. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc. – slide 16
    Summary Large cap capabilities, small cap growth Global oilfield products and equipment company Leveraged to attractive secular growth trends Deepwater Well complexity Service intensity Competing in consolidated markets High…
  17. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc. – slide 17
    Smart Solutions. Powerful Products. Questions Smart Solutions. Powerful Products. Confidential
  18. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc. – slide 18
    Smart Solutions. Powerful Products. VMAX Simulation Station Rescue Submarine Appendix Smart Solutions. Powerful Products. Confidential
  19. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc. – slide 19
    Sources of Revenue As a percent of 2012 sales Geography Purchase Cycle Latin America 4% Middle East Rental Other 4% 2% 2% Asia Pacific 7% Canada 8% Capital Products & United Consumable Europe Equipment States Parts & Africa…
  20. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc. – slide 20
    Drilling & Subsea Division Subsea Technologies Largest range of Specialty Vehicles ROVDrill Subsea Coring Tool ROVs in industry Perry and Sub-Atlantic ROV Technology VMax Simulation Systems Global ROV Market (Douglas…
  21. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc. – slide 21
    Subsea Technologies Deployment of the T-1200 Trencher Smart Solutions. Powerful Products. Confidential 22
  22. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc. – slide 22
    Drilling & Subsea Division Drilling Technologies Mission Critical Drilling Capital Equipment Drilling Consumable Product Suite Mousehole tool XL Backsaver 1,000 ton hydraulic elevator Wrangler Catwalk Casing slip 125 ton…
  23. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc. – slide 23
    Drilling & Subsea Division Downhole Technologies Trusted Name in a Consolidated Market1 Varel Others 3.2% 21.2% Weatherford Frank's 34.4% Casing Top-Co 3.7% Forum 7.4% (Davis- Halliburton Lynch) 16.9% 13.2%…
  24. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc. – slide 24
    Production & Infrastructure Division Production Equipment Smart Solutions. Powerful Products. Confidential 25
  25. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc. – slide 25
    Production Equipment Multi-well production equipment battery for Chevron Heater Treater Test Production Separators Separator Gas Scrubber Well Manifold Smart Solutions. Powerful Products. Confidential 26
  26. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc. – slide 26
    Production & Infrastructure Division Valve Solutions Two piece trunnion valves for the shale markets Specified ball valve of choice for the US Strategic Petroleum Reserve Smart Solutions. Preferred valve supplier to leading…
  27. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc. – slide 27
    Production & Infrastructure Division Flow Equipment Smart Solutions. Powerful Products. Confidential 28 28
  28. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc. – slide 28
    Senior Management Executive team has an average of 30+ yrs of industry experience Cris Gaut, Chairman & CEO President (Drilling & Evaluation), CFO Halliburton Co-COO & CFO ENSCO Charles Jones, President of Drilling and Subsea…
  29. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc. – slide 29
    Board of Directors Cris Gaut, FET Chairman & CEO Franklin Myers President (Drilling & Evaluation) and Chief Financial Officer, Cameron CFO Halliburton General Counsel, Baker Hughes ENSCO Evelyn Angelle, Halliburton Louis A.…
  30. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Forum Energy Technologies, Inc. – slide 30
    Reconciliation of Non-GAAP Measures Forum Energy Technologies, Inc. Reconciliation of GAAP to non-GAAP financial information (Unaudited) 2010 2011 2012 ( millions) Actual Actual Actual EBITDA Reconciliation Net Income…

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