Quarter Update February 2011 NYSE Stock Symbol: HAL Investor Relations Contacts: Common Dividend: 0.09 per quarter Christian Garcia, Senior Vice President 281.871.2688 Shares Outstanding: 913 Million as of 2/11/2011 Laura Schilling,…
Agenda Company Overview 2010 Performance Review Q1 2011 Seasonality Strengthening Outlook in 2011 Major Themes 3
Halliburton Organization Integrated Service Company Drilling & Evaluation Completion & Production Sperry Wireline & Drill Bits Landmark Software & Testing Cementing Production Boots & Baroid Completion Tools Drilling…
Halliburton Global Franchise Approximately 60,000 employees in 80 countries 18 Billion in Revenues in 2010 (Fortune 200 company) Market Capitalization: 43 billion as of 2/16/11 5
2010 Regional Overview North America Middle East / Asia Pacific 49% Shift to gas plays in the Middle East coupled with growing 51% markets in India, China, and International Australia. Increased offshore activity in Asia Pac. 17%…
Expanding Market Position Market Share by Product/Service Line Logging while Drilling 29% Pressure Pumping 28% Completions 26% Fluids 23% Directional Drilling 18% Drill Bits 14% Wireline 14% 0% 5% 10% 15% 20% 25% 30%…
Financial Objectives Superior growth Superior margins Superior returns 8
Superior Growth Revenue Growth 2010 vs. 2009 Growing faster than peers 22% Exceptional performance in 20% North America 16% Pricing improvement Service intensity Integrated service offering 7% International revenues mixed…
Superior Margins and Returns Operating Margins excl. Corporate Return on Capital Employed 2010 2010 18% 17% 15% 14% 12% 13% 7% 1% HAL SLB* BHI* WFT* HAL SLB BHI WFT * Proforma excludes charges and credits Industry-leading…
First-Quarter Seasonality Decline in International Op Income Q4 to Q1 Impact in Q1 2011 4Q05- 4Q06- 4Q07- 4Q08- Year-end activities: Landmark, 4Q09- 1Q06 1Q07 1Q08 1Q09 1Q10 Completions, Direct Sales Weather-related: Russia, North…
Industry is on the verge of a new cycle Increasing demand for liquids reducing the industrys spare capacity. World Oil Demand (mb/d) Spare Capacity 90 7 89 6 88 5 Forecast 87 4 86 3 85 2 84 1 83 0 2002 2004 2006 2008 2010E…
Investing in the Upcycle Expanding manufacturing footprint in the Eastern Hemisphere Consolidating technology centers in Houston Reinventing service delivery platform in North America Impact of 0.02 in Q1 2011 13
Outlook for 2011 North America Uncompleted Well Inventory Sustainability in North America 3,250 3,122 Uncompleted well inventory Continued service intensity 1,715 1,693 1,150 1,145 Large well programs Drilling efficiencies…
Outlook for 2011 International International Cycle (Peak to Trough) Change in Rig Count by Type Steady growth in International 2001/03 vs. Current 2008 Impact of offshore activity 2001 2003 -2% Overcapacity overhang Pricing…
Technology Leadership Consistently ranked as a top innovator Patent Scorecard November 2010 Tech Patents Rank Company Strength* Granted* 1 Royal Dutch Shell 995 175 2 Halliburton 703 264 3 Schlumberger 675 618 ESTMZ…
Market Drivers in the Upcoming Cycle Unconventionals Deepwater Mature Fields 17
Unconventional Unconventional Fracture Model Superior delivery platform Reinventing delivery model Leveraging our basin expertise globally Application of integrated reservoir-centric technology strategy 18
Leveraging Our Expertise Globally A 15B Opportunity and Growing Norway Russia Poland France Kazakhstan Italy Iraq China Algeria Mexico India Libya Indonesia Saudi Arabia Colombia Angola Bahrain Ecuador Brazil…
Deepwater Unprecedented level of service intensity Growing reservoir evaluation expertise Deliver leading well construction efficiency Grow 25% faster than the market 20
Deepwater Brazil Achievements Baroid Fluids wins 5 year award for Package C Wireline wins 4 year award Sperry Drilling wins 3 year extension of Package B for drilling and LWD Completions wins 5 year award for 100% of all frac…
Impacting the Decline Curve Large well-developed consulting practice Excellent exposure to re-entry drilling, multilateral technology An underserved market technically Intervention revenue grows to 2.7 billion in three years…
Boots & Coots No. 1 Position in Wellbore Intervention Only provider with all intervention services Hydraulic Workover Snubbing Coiled Tubing Thru-Tubing Tools Leverage global infrastructure for growth 23
Iraq Multiple service lines since March 2010 Target 1200 employees end of 2011 Contracts Integrated services contract for refurbishment of wells in West Qurna ENI redevelopment of the Zubair field to provide wireline logging,…
Themes Leveraging Service Intensity Investing for the Up-Cycle Integrating across Broad Diversified Service Offerings Expanding our Robust Technology Portfolio Balancing Growth and Returns 25
Geographic Results March YTD ( millions) Q108 Q208 Q308 Q408 Q109 Q209 Q309 Q409 Q110 2008 2009 2010 Revenue North America 1,862 1,990 2,246 2,242 1,683 1,259 1,285 1,435 1,704 8,340 5,662 1,704 Latin America 509 597 647 672 556 544…
Geographical Items March ( millions) Q108 Q208 Q308 Q408 Q109 Q209 Q309 Q409 Q110 2008 2009 2010 Operating Income North America Gain on sale of investments 35 25 - - - - - - - 60 - - Employee separation costs - - - - (14) (9) (9) -…
Segment Results March YTD ( millions) Q108 Q208 Q308 Q408 Q109 Q209 Q309 Q409 Q110 2008 2009 2010 Revenue Completion and Production 2,122 2,357 2,579 2,552 2,028 1,752 1,821 1,818 1,964 9,610 7,419 1,964 Drilling and Evaluation…
Segment Items YTD ( millions) Q108 Q208 Q308 Q408 Q109 Q209 Q309 Q409 Q110 2008 2009 2010 Operating income Completion and Production: Gain on sale of investment 35 - - - - - - - - 35 - - Employee separation costs - - - - (11) (10)…
Loading...
