McDermott today A vertically integrated offshore and subsea engineering, procurement, installation and construction company In-market fabrication yards and a versatile marine fleet Focus on long-term relationships with…
Today, we will focus on positioning for the future Capture Value Through Deliver Value Strategic Themes Perspective Integrated Capabilities Through Execution in Action on the Future QHSES Alignment, Engagement 2016 Outlook…
Engineering: Transforming our value Goal: Engineering as a Differentiator Position to Focus on the Broader Picture: Created Oil and Gas JV and new focus on Front End Engineering Design (FEED) Expertise and Capabilities: Leaders…
Procurement: Cost Advantage Transformation New comprehensive plan has been established to build best in class supply chain function Global MSA Agreements: Increase competitiveness through Global MSA agreements Best in Class with…
Construction: Driving to a global standard of efficiency Altamira Jebel Ali / Dammam Batam Global, in-market fabrication facilities with in-house full control of cost, quality and schedule Malaysia Instituted fabrication…
Installation: Shallow to deep throughout the lifecycle A full solution of shallow water fleet capabilities with versatile subsea fleet Supported by in-market teams Expertise in complex brownfield installation, hook up and…
Incident Rate QHSES: Performance is industry leading for the last 5 years IMCA IOGP Taking the Lead with Safety 12
People and Project Management Establishing the McDermott Way as the industry benchmark for delivering complex, offshore and subsea capital projects Renewed focus on core capabilities and deepening talent sets a strong foundation…
Partnerships and Alliances: Building capability Full Field Heerema Concept and INPEX Ichthys Feed Path to Ownership Larsen & NO 105 Toubro NO 102 High Efficiency Low Cost Seamless Partnership Integration to Deliver…
Strategic Themes in Action Alignment, In-market Engagement Capabilities & Solutions
Our Strategic Themes in Action Early Engagement: Full field development Increased delivery certainty with early de-risking of development concept Early engagement provides opportunity to secure EPCI tender following FEED Customer…
In-market Capabilities: Maintaining the lead in Middle East Experience: Offshore Structures and Pipelines Installed Since 1980 130 The Focus 23 451 mi Qatar Kuwait & 112 mi Deepen customer alignment and Neutral Zone Key Clients…
Q1 2016 Financial Highlights in millions Year- Q1 2016 Order Intake driven by Sequential over-Year Woodside Greater Western Q116 Q415 Delta Q115 Delta Flank Phase 2 and a Middle East Orders 339 478 (139) 698 (359) pipeline…
Q1 2016 Backlog and Roll-off in billions Details of 3.8BN Backlog as of March 31, 2016 Backlog by Business Line Backlog by Segment Backlog Roll-Off by Year AEA 1.8 0.2 ASA 5% 1.5 Subsea 1.1 1.1 29% 29% Offshore 2.7 MEA…
Bids Outstanding and Target Projects1 in billions 18.4 billion as of Q1 2016 compared to 19.6 billion in Q4 2015 Business Line Oil/Gas Greenfield/Brownfield 14.2 11.0 13.4 12.9 9.6 10.8 8.6 8.8 6.7 7.6 5.4 5.0 Offshore…
2016 Outlook as presented May 5, 2016 in millions, except per share amounts, or as indicated Restated Original Guidance Revised Guidance1 Revenues 2.9B 2.7B Adjusted Operating Income2,3 125 155 Net Interest Expense4 64 60 Income…
Priorities: Near term action driven by longer term view Strengthen Through the Cycle Prepare for the Upturn Maintain Middle East market leader Pursue new markets in Europe and Africa position Leverage partnerships to secure pull…
Appendix
Additional Disclosures1 Effect of Reclassification of Equity Income (Loss) on Operating Income 2015 For the Three Months Ended December 31 September 30 June 30 March 31 (In millions) Historial Presentation Operating Income AEA…
Additional Disclosures1 Reconciliation of US GAAP to Non-GAAP Financial Measures Three Months Ended March 31, 2016 December 31, 2015 March 31, 2015 (In thousands, except share and per share amounts) GAAP Net Loss Attributable to…
Additional Disclosures1 Reconciliation of US GAAP to Non-GAAP Financial Measures Three Months Ended March 31, 2016 December 31, 2015 March 31, 2015 (In thousands) Net loss attributable to MDR (2,172) (18,668) (14,507) Add:…
Additional Disclosures1 Reconciliation of US GAAP to Non-GAAP Financial Measures Three Months Ended March 31, 2016 December 31, 2015 (In millions) Revenues: AEA 63 134 MEA 270 242 ASA 396 291 Total Revenues 729 667 Operating…
Additional Disclosures1 Reconciliation of Forecast US GAAP Financials to Non-GAAP Financial Measures Year Ended December 31, 2016 (In thousands, except per share amounts) GAAP Net Loss Attributable to MDR (29,000) Less:…
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