Presenter: William H. Schumann, III Executive Vice-President and CFO March 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 4.1 billion revenue in 2010 11,500 employees worldwide 27 production facilities in 16 countries FORTUNE Magazine 2010 Worlds Most Admired Oil and Gas Equipment, Services Company 3
4.1B Revenue in 2010 from Two Segments 81% Energy Production Subsea Production Systems Upstream Subsea Processing Systems Surface Wellhead Multi Phase Meters 81% 19% 19% Energy Processing Fluid Control Downstream…
Backlog Starting to Grow Energy Processing Energy Production B Orders* B Backlog 6 5.5 5.7 6 4.3 4.5 4.2 4 3.5 4 3.7 2.9 2.3 2.5 2 2 0 0 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 B M 6 Revenue 700 Operating Profit…
Subsea Systems is Over 65% of Revenue FMC Technologies 2010 Revenue All Other Products Subsea Systems 6
Our Focus is on Subsea Systems Subsea Revenue Market Share B Revenue Tree Units 3.0 3.1 (2007 2009) (2008 2010) 3 2.7 2.3 GE GE 17% 12% 2 1.8 FMC Aker FMC Aker 12% 34% 15% Dril-Quip 46% 1% 1 Dril-Quip 7% Cameron Cameron 38% 0…
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 61 new deepwater rigs and Drill-ships increasing fleet by 24% 325 308 319 from 2010 to 2013 295 258 Additional rig commitments 250 235 announced by…
Subsea Technology Leadership Track Record 1980 1985 1988 1992 1994 1999 2004 2006 2007 2008 World record water depths World record achieved by FMCwater depths Technologies achieved by FMC Technologies 10
Capabilities in all Major Deepwater Basins 2010 Subsea Revenue: 2.7B Asia- Norway Pacific Brazil North Sea Newfoundland Scotland 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 Statoil Dompap/Fossekallen Norway 11 ENI Block 15 Angola 11 Shell Prelude…
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 1,635 9.5 years Subsea production 681 challenges: 6.2 years Subsea well 896 346 5.3 years 7.4 years population aging 861 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…
Delivering Bottom Line Results Diluted Earnings per Share from Continuing Operations 4.00 3.20 - 3.40 3.06 2.87 3.00 2.72 2.00 1.00 0.00 2008 2009 2010 2011 Actuals Guidance * * As of 2/15/11 21
In Summary An oilfield service & equipment company with Deepwater/Subsea Exposure 65% of Revenue Leading Market Position 46% Subsea Market Share Strong Customer Relationships Multi-year Customer Alliances Technology Leader 6…
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