BAKER HUGHES Q1 2017 EARNINGS CALL APRIL 25, 2017 8:30 A.M. ET 2017 Baker Hughes Incorporated. All Rights Reserved. 46976
Q1 2017 EARNINGS CONFERENCE CALL Introduction Alondra Oteyza Director, Investor Relations Martin Craighead Business Update Chairman and Chief Executive Officer Kimberly Ross Financial Performance Senior Vice President and…
1 First quarter results and market dynamics 2 Industry perspectives and market opportunities for our products 3 GE Oil & Gas transaction 2017 Baker Hughes Incorporated. All Rights Reserved. 46976
Increased EPS by 0.26 sequentially and third consecutive quarter of positive adjusted operating profit Solid growth in N. America onshore well construction, more than offset by deconsolidation of N. America onshore pressure pumping…
NORTH AMERICA ONSHORE Labor and cost inflation in select product lines with activity ramp-up more robust than expected Excess capacity to be absorbed for broader pricing gains drilling-related products on the cusp of pricing…
NORTH AMERICA ONSHORE WELL CONSTRUCTION Bifurcated market needing both highly advanced and low cost solutions Q1 2017 MARKET OPPORTUNITIES 2017 Baker Hughes Incorporated. All Rights Reserved. 46976
NORTH AMERICA ONSHORE WELL CONSTRUCTION Q1 2017 MARKET OPPORTUNITIES 2017 Baker Hughes Incorporated. All Rights Reserved. 46976
NORTH AMERICA ONSHORE WELL PRODUCTION Chemicals business grew in line with production volumes positive market dynamics with more aging wells Q1 2017 MARKET OPPORTUNITIES 2017 Baker Hughes Incorporated. All Rights Reserved. 46976
GULF OF MEXICO & INTERNATIONAL MARKETS Onshore activity bottomed, ongoing pricing deterioration Offshore activity and pricing continued to decline Q1 2017 MARKET OPPORTUNITIES 2017 Baker Hughes Incorporated. All Rights Reserved.…
LEADING TECHNOLOGIES Leveraging our strength in well construction to achieve drilling records in the Marcellus and Utica basins Applying artificial lift solutions to optimize production and improve recovery Q1 2017 MARKET…
WINNING IN THE MARKET Awarded long-term production chemicals contract in an ultradeepwater field in Angola Awarded a three-year wireline services contract with a major operator in the North Sea Awarded a multi-year integrated…
Transaction remains on track to close in mid-2017 Combination will have the ability to unite physical and digital worlds to deliver efficiency and productivity gains Working constructively with regulators to obtain required…
Q1 2017 FINANCIAL HIGHLIGHTS Revenue 2.3 billion Down 6% sequentially Net Loss (GAAP) 129 million 0.30 per share Attributable to Baker Hughes Adjusting Identified Items2 114 million 0.26 per share Adjusted Net Loss (non-GAAP)1,2 15…
NORTH AMERICA Q1 2017 RESULTS Revenue 712 million Down 8% sequentially Adjusted Operating Loss Before Tax 1, 2 23 million Improves 33 million sequentially Operating PBT Margin 1, 2 (3.2%) Up 400 bps sequentially Excluding…
INTERNATIONAL Q1 2017 RESULTS Revenue 1.3 billion Down 6% sequentially Adjusted Operating Profit Before Tax 1,2 157 million Up 72 million sequentially Operating PBT Margin 1,2 11.9% Up 580 bps sequentially Sequential…
INDUSTRIAL SERVICES Q1 2017 RESULTS Revenue 227 million Down 3% sequentially Adjusted Operating Loss Before Tax 1,2 6 million Down 17 million sequentially Operating PBT Margin 1,2 (2.6%) Down 736 bps sequentially Decrease in…
Q2 2017 GUIDANCE North America Revenue Modest increase International Revenue Relatively flat sequentially Industrial Revenue Usual seasonal growth Income Tax Expense 50 - 70 million 2017 Baker Hughes Incorporated. All Rights…
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