Presenter: Maryann Seaman Senior Vice President and Chief Financial Officer December 2011
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…
Subsea is 2/3 of Total Revenue FMC Technologies Revenue Subsea Systems 2011 Estimated Subsea Revenue 3.3B Energy Production Energy Processing 4
Surface Wellhead and Energy Processing FMC Technologies Revenue Surface Wellhead Fluid Control Surface Subsea Energy Systems Processing Measurement Solutions Energy Production Energy Processing Loading Systems 5
Market Leadership in Subsea Systems Market Share Order Value (2007 2010) Technical leadership GE 13% Systems approach Aker FMC 11% 46% Dril-Quip Frame agreements 7% Cameron 23% Global capabilities Source:…
Increasing Deepwater Activity Deepwater Production Production (thousand BPDE) Greater percentage of oil production coming from deepwater Positive economics for deepwater developments Deepwater Capex Annual global capital…
Tree Growth Consistent with Deepwater Expansion 900 Tree Awards 826 800 744 700 687 618 600 500 400 374 350 318 300 200 100 2009 2010 2011E 2012E 2013E 2014E 2015E Source: Quest Offshore Resources, Inc., November 2011…
Customer Subsea Tree Demand 525 Tree Awards (2012 -2016) 450 405 375 300 241 235 219 225 195 165 146 150 108 91 69 75 0 Source: Infield Over half of the next 5 years awards from customers with strong FMC…
Subsea Processing Boosting Separation Compression Station Gas Compression Boosting Station Separation Station 10
Subsea Processing Boosting Separation Gas Compression 11
Growing Opportunities for Subsea Processing Tordis Cascade Perdido Enabler for Marlim Pazflor greenfields Enhanced Congro and Corvina recovery from brownfields BC-10 Cost reduction Greenfield Brownfield Cost…
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…
Subsea Services Performing services on aging wells typically requiring offshore rigs Cost for intervention services is 50% to 70% less than similar rig based operations Well positioned with 3 systems working for major operators in…
Acquiring Key Enabling Technologies CDS Separation Systems Compact in-line primary separation Schilling Robotics ROVs, manipulator systems, controls Direct Drive Systems High power, compact permanent magnet motors, magnetic…
FMC Strategy in Summary Maximize Shareholder Value Through Earnings Growth Maintain subsea market share in a growing subsea market Expand subsea scope Subsea processing Subsea services Growth related to the shale markets in the…
www.fmctechnologies.com 17
Major Subsea Project Opportunities Ahead Potential 150M+ subsea production system projects in the next 15 months* Operator Project Location No. of Trees Chevron Wheatstone Australia 11 Apache Julimar Australia 8 Inpex Ichthys…