Investor Overview May 2022 Copyright 2022 Baker Hughes Company. All rights reserved. The information contained in this document is company confidential and proprietary property of Baker Hughes and its affiliates. It is to be used…
Baker Hughes is a differentiated energy technology company A diverse portfolio across the Strategy focused on leading the energy landscape, industrials & energy transition 250M in new energy frontiers new energy orders in 2021 OFS…
5-year transformation positions BKR for profitable growth Positioned to capitalize on current tailwinds focused on maximizing shareholder value 2017-2021 Transformation Milestones 2022 & beyond Margin expansion adj op. income Maintain…
Portfolio Overview 5 Copyright 2022 Baker Hughes Company. All rights reserved.
A unique portfolio serving the energy value chain Oilfield Oilfield Equipment Services Leading subsea production & flexibles Leader in drilling services portfolio & production Strong execution & Strong global presence technology…
Oilfield Services 40% 25% 35% 70% Drilling Completions Production International 2021 revenue splits Completions, Intervention, Well Construction Production Solutions & Measurements Drilling Services Completions & Well…
Oilfield Equipment 60% Subsea Production 25% Flexible Pipe 15% Surface Pressure Systems & Services Systems Control Last 4-year revenue splits Subsea Production Flexible Pipe Systems Surface Pressure Control Systems &…
Turbomachinery & Process Solutions 30% On & Offshore 45%LNG / 10% Refinery & 10% Pipeline & Gas 5% Industrial Production Midstream Petrochemical Processing Last 4-year equipment revenue splits Drivers Compressors &…
Digital Solutions 45% Oil and gas 20% Power 30% Industrials 5% Transport & Other 2021 revenue splits Condition Precision Sensors Control Waygate Process & Monitoring & & Instrumentation Solutions Technologies Pipeline…
Strategy Overview 11 Copyright 2022 Baker Hughes Company. All rights reserved.
Sharpening focus to two primary areas We are reshaping our company around two core business areas Oilfield Services Industrial Energy and Equipment Technology PERFORMANCE & VALUE GROWTH ORIENTED ENERGY SHARED STRENGTHS FOCUSED…
OFSE over a century of continuous innovation Early 1900s 20th century 2020 and beyond Heritage Tech leadership Future innovation Founded on entrepreneurial Over 20th Century, leading the Accelerating and transforming for spirit…
OFSE poised to deliver on cyclical recovery Tight fundamentals & high oil prices are supportive of a multiyear upcycle Favorable market conditions Industry discipline and reduced capacity are enabling pricing power Technology player…
Oil markets set for a sustained cyclical upturn Capital discipline to remain continued ESG pressures falling inventories & OPEC spare capacity rising demand Sustained underinvestment starting to impact supply Upstream CAPEX spend vs.…
OFS expertise spans the lifecycle of the well Making the oilfield more efficient Making performance more predictable Taking energy forward EXPLORATION APPRAISAL DEVELOPMENT PRODUCTION REJUVENATION DECOMMISSION 2021 FRONT-END…
acquisition overview Company Overview Strategic Rationale Altus has complementary technology that enhances Baker Leading international provider of well intervention services Hughes capabilities in integrated intervention and…
OFE reservoir to topsides capabilities Topsides, Controls Accelerating time to production Maximizing recovery Reducing costs Surface Pressure Control Controls & Umbilical, Rigid Manifolds 15% Flowlines & Risers Installation…
IET leading businesses and a compelling portfolio Well positioned Decarbonization An energy technology company solving complex to address key Digitalization challenges for industries and enabling the path to net-zero. macro market New…
End market TPS gas, power and decarbonization technology exposure: last 4- year equipment revenue splits Providing supercritical equipment to the LNG, Upstream, CCUS & Hydrogen sectors Industrial 5% Refining & 10% Petrochemical…
DS connecting technologies to drive efficiency & reliability Outcomes through intelligent, connected technologies to sense, monitor, control, and inspect Process & Pipeline Services Asset conditioning Secure and scalable Premium…
IET growth driven by energy transition Compelling growth profile driven by range of energy transition initiatives Multiple areas could drive extended growth cycles over next 5-10 years and beyond 2030+ Well-positioned to address…
LNG market leader 30+ years serving customers with innovative turbo-compression technologies and solutions Arctic-2 LNG 1-2-3 Snovith LNG 420 MTPA out of 460 MTPA global Yamal LNG 1-3 installed LNG capacity relies on Baker…
LNG sector set for another wave of FIDs Transition fuel poised for structural growth as the world decarbonizes Gas fundamentals, particularly in Europe & Asia Liquefaction capacity: supply/demand gap1 have tightened significantly…
Low carbon LNG - the new imperative Always on the frontline Post combustion Greenfield in major LNG industry carbon capture Greenfield and brownfield challenges Size = % of emissions reduction (CO2e) Contribution to emissions…
Climate technology solutions Enabled by growth in digital technology offerings Carbon Capture Clean Integrated Power Emissions Hydrogen Utilization & Storage Solutions Management Consultation & feasibility Turbomachinery provider…
Carbon capture, utilization, and storage Recent energy Modular Carbon Capture technology Exclusive license for mixed-salt capture Bio-methanation & synthetic natural gas Industrial process equipment and technologies Next-gen…
BKR plays across the CCUS value chain Capable of offering end-to-end carbon capture and storage solutions Capture Transportation Storage Utilization Experienced in capturing, Post combustion capture solutions CO2 compression,…
BKR plays across the H2 value chain BKR compressors and turbines will play a vital role in unlocking the Hydrogen Economy Production Transportation Utilization Almost 60 years of experience working Green H2 production Nat. Gas…
The Hydrogen Ecosystem BKR compressors and turbines will play a vital role across all methods of production, transport & utilization Production Transportation Utilization 10-20% H2 GT H2 & NG Pipeline FPS Comp APM Pipeline Insp.…
Industrial Asset Management (IAM) Bringing together key digital, software and hardware capabilities across the company Condition Monitoring & Asset Strategy & Asset Health & Analytic Asset Inspection Digital Applications Protection…
Scaling Industrial Asset Management Integrated APM drives differentiation with holistic asset expertise Critical Asset Cloud-Enabled & Expand to Balance of Condition Connected to Health Plant on System 1 Monitoring Heritage +…
Financial Overview 33 Copyright 2022 Baker Hughes Company. All rights reserved.
Continued emphasis on free cash flow Delivering on FCF potential Taking action to drive 1.8B financial returns Continued focus on costs and 1.2B 1.2B productivity improvements Maintaining pricing discipline 0.5B 2.6% Net Capex…
Returning capital to shareholders Peer leading capital returns Taking action to return Dividends capital to shareholders 3.3B Buybacks Have returned over 100% of free cash flow to shareholders since 2018 2.5 1.0B 1.2B After…
Oilfield Services Financials ( in billions) Business highlights Revenue 100-year legacy, strong technology 12.9 Core strengths around drilling services, artificial lift, chemicals, 11.6 and select high-end completion tools 10.1 30%…
Oilfield Equipment Financials ( in billions) Business highlights Orders Leading subsea production systems & flexible pipes Revenue Collaborative partnerships & new models 3.5 Expanding use of non-metallic flexibles 3.1 2.2 2.3 Last…
Turbomachinery & Process Solutions Financials ( in billions) Business highlights Orders Technology leader in LNG & upstream production 7.9 7.7 Revenue Proven track record in the most challenging projects 6.6 6.4 Significant installed…
Digital Solutions Financials ( in billions) Business highlights Orders Market leader in condition monitoring for natural gas and Revenue wind turbines Best in class measurement & sensing technology 2.6 2.6 Leader in critical…
People, Planet, Principles Our Commitment to ESG 41 Copyright 2022 Baker Hughes Company. All rights reserved.
At Baker Hughes Led by our purpose of making energy we are committed to cleaner, safer, and more efficient for sustainability people and the planet Driving carbon footprint reduction Health, safety & wellness Reduction in Baker Hughes…
Baker Hughes Corporate Responsibility framework People Planet Principles Fostering diversity, equity, and inclusion The dual challenge of energy & climate Doing the right thing, always Baker Hughes ESG ratings Awarded AA ESG…
People Innovative minds, engaged employees, and diverse perspectives are needed to meet the worlds pressing energy challenges Diversity, Equity & Inclusion Workforce Development Supporting Communities Enacting new programs to…
Planet At Baker Hughes, we are committed to reaching net zero emissions by 2050 Enhanced Reporting GHG Baseline Reset Aligning to SASB, TCFD, GRI, and GHGP Resetting our GHG baseline In addition to aligning to new standards, this…
Principles Doing the right thing, always, to protect our employees, customers, and the communities where we live and work Ethics, Compliance, and Transparency Improving external reporting & internal processes 53,370 employees…
Baker Hughes Board of Directors President & CEO of Baker CEO of Generation Capital Founder & CEO of Pine Grove Hughes since 2017 since 2013 Holdings, LLC, since 2011 Board member of Iveco Board member of Maple Leaf Board member of…
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