Smart Solutions. Powerful Products. Forum Energy Technologies Smart Solutions. Powerful Products. Confidential
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…
Markets and Key Customers Full cycle exposure subsea, drilling, completion, production Subsea Construction & Infrastructure Development Production Drilling Stimulation & Intervention Well Construction & Completion…
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…
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…
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 product lines Market share gains New product commercialization Geographic expansion: Bakken, Brazil, Australia, etc. Productivity…
Subsea Technologies Widest range of remote operating vehicles in the industry Smart Solutions. Powerful Products. Confidential 9
Focused Acquisition Program M&A as a strategic core competency Significant acquisition program Created two new product lines to gain exposure to the growth trend in the completions sector Extended our subsea, drilling, and…
Dynacon Launch and Recovery Systems for ROV deployment Smart Solutions. Powerful Products. Confidential 11
Syntech Buoyancy material for ROVs & other subsea devices Smart Solutions. Powerful Products. Confidential 12
Merrimac Mud pump parts, wash pipe assemblies and power swivel parts Smart Solutions. Powerful Products. Confidential 13
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…
Subsea Technologies Deployment of the T-1200 Trencher Smart Solutions. Powerful Products. Confidential 20
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 23
Production Equipment Multi-well production equipment battery for Chevron Heater Treater Test Production Separators Separator Gas Scrubber Well Manifold Smart Solutions. Powerful Products. Confidential 24
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.…