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JOHNSON RICE ENERGY CONFERENCE – Mcdermott International

Mcdermott International · Sep 30, 2014 · 21 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 1
    JOHNSON RICE ENERGY CONFERENCE September 30, 2014
  2. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 2
    McDermott International, Inc. A leader in offshore engineering and construction Rigid reel pipelay on Siakap Industry pioneer since 1923 First rigid reel lay of pipe- Setting records in 2014 in-pipe in Asia Pacific 3
  3. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 3
    Turnkey solutions for oil & gas production infrastructure Floating Fixed Production Platform Heavy Offshore System Subsea Lift Lift S-Lay Reel Lay / J-Lay Subsea Offshore Fixed platforms, floating production systems…
  4. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 4
    McDermotts turnaround is on track BUILDING CHANGING IMPROVING PROFITABLE CULTURE EXECUTION BACKLOG 5
  5. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 5
    CHANGING CULTURE 6
  6. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 6
    CHANGING CULTURE Customer-focused organization Organizational changes drive customer-focused actions MANAGEMENT REORGANIZED NEW TEAM CHANGES STRUCTURE HIRES COMMERCIAL DISPUTE CASH MINDSET RESOLUTION FOCUS 7
  7. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 7
    CHANGING CULTURE Team approach to execution Projects have the support of several organizations REGION PRODUCT LINES PROJECT TEAM PROJECT GLOBAL ASSURANCE RESOURCES 8
  8. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 8
    IMPROVING EXECUTION 9
  9. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 9
    IMPROVING EXECUTION Reduction in loss contracts Quarterly net gain/(loss) on contracts in loss position* (in millions) 4 Contracts in backlog 9 Contracts in backlog * Quarterly gross profit impact of projects that…
  10. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 10
    IMPROVING EXECUTION Chevron Jack St. Malo: completed Ultra deepwater subsea project a success 21 Fabrication of high-spec Flowline, subsea components with manifold and pump installation in water jumpers 2,200m deep using DB50…
  11. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 11
    IMPROVING EXECUTION Inpex Ichthys: execution on track Riser support structure fabrication nearly complete Riser support structure Arch Assembly Load out for Heerema McDermott Q4 2015+ 2014 installation installation scope…
  12. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 12
    BUILDING PROFITABLE BACKLOG 13
  13. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 13
    BUILDING PROFITABLE BACKLOG Diverse set of opportunities Opportunities in every region 4.1 Bn Asia Pacific BACKLOG Middle East Americas 8.4 Bn BIDS North Sea / Africa OUTSTANDING Balanced among 9.8 Bn National Oil…
  14. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 14
    Conversion of bids into backlog through McDermott strengths Large EPCI project delivery In country value Fabrication capabilities Offshore and subsea synergies Leading Offshore and Subsea track record 15
  15. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 15
    McDermotts turnaround is on track BUILDING CHANGING IMPROVING PROFITABLE CULTURE EXECUTION BACKLOG 16
  16. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 16
    APPENDIX 17
  17. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 17
    Integrated EPCI Model Engineering Procurement Construction Installation Project and Risk Management Studies & conceptual Negotiating, Topsides & onshore Single & dual heavy- designs purchasing, modules lift Capabilities /…
  18. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 18
    In country value, global execution 14,000 employees in 17 countries 19
  19. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 19
    Key Fabrication Yards Altamira, Mexico Batam Island, Indonesia Jebel Ali, Dubai Area: 119 acres, 198 potential Area: 272 acres Area: 154 acres Locations Serviced Locations Serviced Locations Serviced U.S. Gulf of Mexico Australia…
  20. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 20
    Specialized Marine Fleet Rigid Reel Lay Flex Lay Heavy Lift/Pipelay (S-Lay/J-Lay) LV 105 NO 102 DLV2000 (expected 2015 DB50 delivery) Agile Construction Support Vessels DB32 DB 27 CSV108 (expected 2014 delivery) Emerald…
  21. JOHNSON RICE ENERGY CONFERENCE – Mcdermott International – slide 21
    The right people, assets & technology 2014 McDermott International, Inc. All Rights Reserved 22

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