Smart Solutions. Powerful Products. Forum Energy Technologies Barclays Energy Conference 6 September Smart 2012 Solutions. Powerful Products. Confidential
Forum Energy Technologies Investment Thesis Global oilfield products and equipment company Leveraged to attractive secular growth trends Deepwater Well complexity Service intensity Competing in consolidated markets High…
Markets and Key Customers We Serve Exposure to multiple large areas of industry spending Subsea Construction & Infrastructure Development Production Drilling Stimulation & Intervention Well Construction &…
Organization Drilling and Subsea Production and 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…
Deepwater Development Subsea capital equipment & downhole consumables Subsea Technologies Downhole Technologies Leading provider of deepwater remote operating vehicles Tooling, components & positioning systems Subsea…
Subsea Technologies Widest range of remote operating vehicles in the industry Smart Solutions. Powerful Products. Confidential 7
Subsea Technologies Deployment of the T-1200 Trencher Smart Solutions. Powerful Products. Confidential 8
Increasing Well Complexity Downhole consumables & drilling rig capital equipment Downhole Technologies Drilling Technologies Leading brands of downhole tools Davis-Lynch cementing tools and Cannon protection systems Core…
Service Intensity Fracturing consumables & drilling rig consumables Flow Equipment Drilling Technologies High wear rate consumables related to well stimulation Replacement treating iron and pressure control valves…
Unconventional Infrastructure Valves & production capital equipment Valve Solutions Production Equipment Broad offering of valves Strong infrastructure tailwinds Pipeline Safety Act Canadian heavy oil sands process…
Competing in Consolidated Markets Focused on areas with few large, well capitalized competitors WELL STIMULATION & PRODUCTION SUBSEA DRILLING CONSTRUCTION INFRASTRUCTURE INTERVENTION & PROCESS & COMPLETION ROVs & Related…
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…
Growth Company Focused on organic growth prospects Multiple avenues of growth across our lines of business Market share gains New product commercialization Geographic expansion: Bakken, Brazil, Australia, etc. Productivity…
Focused Acquisition Program M&A as a strategic core competency Significant acquisition program in 2011 Created two new business lines to gain exposure to the growth trend in the completions sector Extended our subsea and drilling…
Capitalization Strong balance sheet to support growth initiatives Initial public offering priced on April 11, 2012 and raised 257 million net proceeds Concurrent private placement of 50 million Total Net Capitalization 30-Jun-12…
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…
Sources of Revenue As a percent of 2011 pro forma sales Geography Purchase Cycle Latin Middle East Other America Rental 4% 3% 4% 4% Asia Pacific 8% Canada 9% Capital Consumable, United Products & Parts & Europe States…
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…
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…
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%…
Production & Infrastructure Division Production Equipment Smart Solutions. Powerful Products. Confidential 27
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…
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…
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.…
Non-GAAP Measures This presentation contains non-GAAP financial measures as defined in Item 10 of Regulation S-K of the Securities Exchange Act of 1934. The non-GAAP financial measures reflect earnings before interest, taxes,…
Reconciliation of Non-GAAP Measures Forum Energy Technologies, Inc. Reconciliation of GAAP to nonGAAP financial information Three Months Ended June 30, June 30, March 31, 2012 2011 2012 (in thousands of dollars) Actual Actual…
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