UBS Global Oil and Gas Conference Maryann Mannen, EVP and Chief Financial Officer May 24, 2017
Driving value through integration Leading the market move to integrated delivery Delivering a step change in project economics to our customers - Demonstrating upfront, sustainable cost reductions across the value chain - Developing…
Redesign subsea through an integrated approach to redefine project economics Traditional Key benefits Traditional Approach approach Reduced material costs Simplified equipment set-up One global contractor Reduced flowline and…
Integrated technology development delivers sustainable differentiation Ability to further improve project economics through differentiated integrated technologies, unlocking additional projects Leverage comprehensive SPS, SURF and…
Subsea integration supported by recent awards Significant learnings through integrated FEED work Statoil Trestakk Hurricane Lancaster Shell Kaikias Cost Savings (%) Increased adoption of the integrated model (iEPCI) iFEED -…
Market access to a global project set Uniquely represented across the value chain from upstream to downstream Leveraged to both short cycle and DRILLING PETROCHEMICALS long cycle projects Subsea order inflection Onshore…
Benefits of merger to deliver sustained ROIC improvement Value drivers Multiple value drivers to expand ROIC without a significant market recovery Cost synergies Targeting an improvement of +300bps by FY 2019 Revenue…
Cost synergies Quick wins realized on targeted cost synergies Base plan Quick wins Supply chain Corporate 400m Corporate Real Estate Indirect Costs & Other realized 2019 Operations 40m+ On track to deliver at least…
Capital allocation Capital allocation 1 2 3 Growth Dividend* Share buyback* 300 million capex Planning for a quarterly 500 million share 2017 dividend following Q3 repurchase authorization 2017 results to be completed by the…
Q1 2017 Financial Highlights Revenue OTHER ITEMS 3.4 billion Charges and (credits) incurred in the quarter: 194 million Depreciation and amortization Adjusted EBITDA(1) 684 million Reported: 154 million Adjusted: 111 million(1)…
2017 Guidance Subsea Onshore/Offshore Surface Technologies Revenue at least 6.1 billion Revenue at least 7.3 billion Revenue at least 1.4 billion EBITDA margins at least 17% EBITDA margins at least 6.5% EBITDA margins at least 13%…
Summary: Driving value through integration Delivering a step change in project economics to our customers Growing customer acceptance of iEPCI as evidenced by recent Shell Kaikias award Awarded subsea equipment for ExxonMobil Liza…
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