Baker Hughes Earnings Conference Call Q1 2014 2014 Baker Hughes Incorporated. All Rights Reserved. 17 April 2014 9:00 am EDT 2014 BAKER HUG HES I NCO RPO RATED. ALL RI G HTS RESERVED. TERM S AND CO NDI TI O NS O F USE: BY…
Q1 2014 Earnings Conference Call Introduction Trey Clark Vice President, Investor Relations Financial Performance Peter Ragauss Senior Vice President and Chief Financial Officer Business Outlook Martin Craighead Chairman and…
Q1 2014 Overview African growth offsets weather in North Sea and Russia Middle East improves from resumption of Iraq activity and record sales in Drilling Services & Drilling Fluids Latin America profitability remains steady…
Financial Performance Peter Ragauss Senior Vice President and Chief Financial Officer 2014 Baker Hughes Incorporated. All Rights Reserved. 5
Q1 2014 Financial Highlights Adjusted Net Income1 369 million 0.84 per share Attributable to Baker Hughes Severance Charges2 (21) million (0.05) per share Technology Royalty3 (20) million (0.05) per share Net Income (GAAP) 328…
2014 Baker Hughes Incorporated. All Rights Reserved. 7 - 0.20 0.40 0.60 0.80 1.00 GAAP Q4 13 0.56 Severance Q4 13 0.06 Adjusted Q4 13 0.62 North America Operations 0.09 International Operations 0.09…
North America Q1 Results Revenue Operating PBT1 Operating PBT Margin1 2.78 billion 300 million2 10.8%2 Up 1% Up 59 million3 Up 200 bps3 sequentially sequentially sequentially Up 7% Up 65 million Up 180 bps year over year year…
International Q1 Results Revenue Operating PBT1 Operating PBT Margin1 2.63 billion 347 million2 13.2%2 Down 5% Up 20 million3 Up 140 bps3 sequentially sequentially sequentially Up 13% Up 66 million4 Up 120 bps4 year over year…
Industrial Services Q1 Results Revenue Operating PBT1 Operating PBT Margin1 321 million 28 million2 8.7%2 Down 7% Down 7 million3 Down 140 bps3 sequentially sequentially sequentially Up 11% Up 4 million Up 40 bps year over year…
Balance Sheet Cash 1.2 billion Down 199 million Total Debt 4.5 billion Up 122 million Total Debt-to-Capital Ratio 20% Capital Expenditures for Q1 2014 439 million Down 94 million Shares Repurchased for Q1 2014 200 million…
Guidance and Assumptions Baker Hughes FY 2014 Rig Count Projection vs. FY 2013 U.S. Onshore Rig Count Average of 1,830 Up 4% U.S. Offshore Rig Count Average of 60 Up 5% Canada Rig Count Average of 370 Up 5% International Rig Count…
Business Outlook Martin Craighead Chairman and Chief Executive Officer 2014 Baker Hughes Incorporated. All Rights Reserved. 13
Business Outlook Favorable commodity prices support additional customer spending Strong offshore activity in Asia Pacific 2014 Baker Hughes Incorporated. All Rights Reserved. Rig count reaches new high in Saudi Arabia U.S.…
Advancing Reservoir Performance Innovative LWD & wireline services helping enable energy production in Nigeria Integrating multiple product lines to drill the un-drillable in Brazil Installed the deepest subsea boosting system in…
Investing in Production Solutions Secured our largest ever Artificial Lift contract in the Middle East FLEXPump sales on the rise in North America and expanding into Russia New Artificial Lift Research and Technology Center…
2014 Baker Hughes Incorporated. All Rights Reserved. 17
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