Baker Hughes Earnings Conference Call Q2 2013 19 July, 2013 8:00 am EST 2013 BAKER HUGHES INCORPORATED. ALL RIGHTS RESERVED. TERMS AND CONDITIONS OF USE: BY ACCEPTING THIS DOCUMENT, THE RECIPIENT AGREES THAT THE DOCUMENT…
Q2 2013 Earnings Conference Call Introduction Trey Clark Vice President, Investor Relations Peter Ragauss Financial Performance Senior Vice President and Chief Financial Officer Martin Craighead Business Outlook Chairman and…
Q2 Summary Decline in Latin American operations Solid growth in Eastern Hemisphere Record performance in Gulf of Mexico 4 2013 Baker Hughes Incorporated. All Rights Reserved.
Financial Performance Peter Ragauss Senior Vice President and Chief Financial Officer 5 2013 Baker Hughes Incorporated. All Rights Reserved.
Q2 2013 Financial Highlights GAAP Net Income 240 million 0.54 per share Attributable to Baker Hughes Revenue 5.5 billion Up 5% sequentially EBITDA1 860 million Down 1% sequentially GAAP Net Income and EBITDA include: 20…
7 - 0.20 0.40 0.60 0.80 GAAP Q1 13 Venezuela Devaluation 0.60 0.05 2013 Baker Hughes Incorporated. All Rights Reserved. Adjusted Q1 13 0.65 North America Operations 0.02 Eastern Hemisphere Operations…
North America Q2 Results Operating Operating Revenue PBT1 PBT Margin1 2.7 billion 222 million2 8.3%2 2 2 Up 3% Down 13 million Down 70 bps sequentially sequentially sequentially Pressure Pumping product line delivered…
International Q2 Results Operating Operating Revenue PBT1 PBT Margin1 2.5 billion 268 million2 10.8%2 2 2 Up 7% Down 13 million Down 120 bps sequentially sequentially sequentially Latin America negatively impacted by Brazil…
Industrial Services Q2 Results Operating Operating Revenue PBT1 PBT Margin1 316 million 39 million 12.3% Up 9% Up 15 million Up 400 bps sequentially sequentially sequentially Seasonal rebound in PPS business 1 Operating…
Balance Sheet Cash 1.1 billion Up 22 million Total Debt 4.9 billion Down 183 million Total Debt-to-Capital Ratio 22% Capital Expenditures for Q2 2013 551 million 11 2013 Baker Hughes Incorporated. All Rights Reserved.
Guidance and Assumptions FY 2013 North America Rig Count United States Average of 1,765 Down 8% Canada Average of 350 Down 4% FY 2013 US Well Count 35,000 Down 4% FY 2013 International rig count Average of 1,360 rigs Up 7%1 Q3…
Business Outlook Martin Craighead Chairman and Chief Executive Officer 13 2013 Baker Hughes Incorporated. All Rights Reserved.
Latin America Reducing costs for better profitability Growing shale development in Argentina and Colombia Soledad win provides long term growth in Mexico 14 2013 Baker Hughes Incorporated. All Rights Reserved.
Eastern Hemisphere Conducting first ever frac-pack campaign in Sakhalin Awarded first offshore CoilTrak project in Malaysia Middle East market growth fueled by unconventionals 15 2013 Baker Hughes Incorporated. All Rights…
Baker Hughes Well Count Wells Per Rig 6.0 New index for the Marcellus industry 5.0 Total Wells Provides a measure U.S. Land Permian of drilling efficiencies 4.0 Eagle Ford by basin Williston Wells per rig 3.0 continues…
North America Onshore Cemented FracPoint system creates new opportunities Rhino Bifuel expands into Canada 17 2013 Baker Hughes Incorporated. All Rights Reserved.
North America Offshore Benefiting from increasing mix of development work Stimulation vessel achieves an industry milestone Position in offshore Canadian market grows 18 2013 Baker Hughes Incorporated. All Rights Reserved.
Advancing Reservoir Performance FLEX Pump ESP System Rod Lift Conventional ESPs Performs at low flow FLEX Pump US Shale Artificial Lift Market () rates Increases addressable ESP market Improves production rates in field…
Baker Hughes Well Count www.bakerhughes.com/wellcount 20 2013 Baker Hughes Incorporated. All Rights Reserved.
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