Skip to main content HOWARD WEIL ENERGY CONFERENCE – Mcdermott International Investor Presentation | Shale Experts
Loading...
Pm

HOWARD WEIL ENERGY CONFERENCE – Mcdermott International

Mcdermott International · Mar 24, 2014 · 24 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. HOWARD WEIL ENERGY CONFERENCE – Mcdermott International – slide 1
    March 24, 2014 HOWARD WEIL ENERGY CONFERENCE
  2. HOWARD WEIL ENERGY CONFERENCE – Mcdermott International – slide 2
    McDermott International, Inc. Leading engineering and construction company Offshore upstream oil and gas projects Engineer, procure, construct and install (EPCI) business model Industry pioneer with history dating back to 1923…
  3. HOWARD WEIL ENERGY CONFERENCE – Mcdermott International – slide 3
    David Dickson Appointed CEO Appointed CEO December 16, 2013 24 years of offshore oilfield engineering and construction experience, including 11 years with Technip Most recently served as President of Technip USA Inc. Conducted a…
  4. HOWARD WEIL ENERGY CONFERENCE – Mcdermott International – slide 4
    Global EPCI Capabilities New organizational design to enhance focus on end markets and customers, and better leverage global assets and capabilities 5
  5. HOWARD WEIL ENERGY CONFERENCE – Mcdermott International – slide 5
    High Quality Customer Base Super Majors National Oil Companies Global Multinationals 6
  6. HOWARD WEIL ENERGY CONFERENCE – Mcdermott International – slide 6
    Overview of Infrastructure Floating Fixed Production Platform Heavy Offshore System Subsea Lift Lift S-Lay Reel Lay Subsea Offshore Fixed platforms, floating production systems and export pipelines Subsea Subsea…
  7. HOWARD WEIL ENERGY CONFERENCE – Mcdermott International – slide 7
    Integrated EPCI Model Engineering Procurement Construction Installation Project and Risk Management Studies & conceptual Negotiating, Topsides & onshore Single & dual heavy- designs purchasing, modules lift Capabilities /…
  8. HOWARD WEIL ENERGY CONFERENCE – Mcdermott International – slide 8
    Key Fabrication Yards Altamira, Mexico Batam Island, Indonesia Jebel Ali, Dubai Area: 119 acres, 198 potential Area: 272 acres Area: 154 acres Locations Serviced Locations Serviced Locations Serviced U.S. Gulf of Mexico Australia…
  9. HOWARD WEIL ENERGY CONFERENCE – Mcdermott International – slide 9
    Specialized Marine Fleet Rigid Reel Lay Flex Lay Heavy Lift/Pipelay (S-Lay/J-Lay) NO 105 NO 102 DLV2000 (2015 delivery) DB50 Agile DB32 DB30 DB 27 Emerald Sea DB101 KP1 DB 16 Construction Support Vessels Launch…
  10. HOWARD WEIL ENERGY CONFERENCE – Mcdermott International – slide 10
    Performance Improvement Plan New organizational structure New Organizational Structure Strategic Align with customer needs Focus Focus on customer relationships Win It task force President & CEO David Dickson Improve cost…
  11. HOWARD WEIL ENERGY CONFERENCE – Mcdermott International – slide 11
    Growth in Deepwater CapEx Historical and Projected EPCI CapEx by Water Depth Historical and Projected Deepwater EPCI CapEx by Region 100,000 50,000 ( Millions) 7% ( Millions) 90,000 CAGR 45,000 13% CAGR 80,000 40,000 70,000…
  12. HOWARD WEIL ENERGY CONFERENCE – Mcdermott International – slide 12
    Expected Offshore Installations 2013 - 2018 Europe & Africa Type Units Fixed 282 APAC FPSOs 32 Type Units FSOs 10 Fixed 529 Spars 1 FPSOs 30 Americas Semi-Subs 3 ME & Caspian Sea FSOs 23 Type Units TLPs 2 Type Units Spars…
  13. HOWARD WEIL ENERGY CONFERENCE – Mcdermott International – slide 13
    Compelling Market Opportunity Projected Global EPCI CapEx by Region Projected Global EPCI CapEx by End Market 100,000 ( Millions) 100,000 ( Millions) 90,000 90,000 80,000 80,000 70,000 70,000 60,000 60,000 50,000 50,000 40,000…
  14. HOWARD WEIL ENERGY CONFERENCE – Mcdermott International – slide 14
    Subsea Subsea group formed in late 2013 to better address this profitable market Experienced management team in place Tony Duncan, a subsea industry veteran, appointed to lead division Over 150 new people joined in past year…
  15. HOWARD WEIL ENERGY CONFERENCE – Mcdermott International – slide 15
    Project Highlight: Inpex Ichthys 2+ billion subsea contract awarded in January 2012 Largest subsea project in industry at time of award Transfer flowline and control systems 17,600 tons of subsea structures Riser support…
  16. HOWARD WEIL ENERGY CONFERENCE – Mcdermott International – slide 16
    Offshore New management team led by Scott Cummins, who has over 25 years of experience at McDermott McDermott is an industry pioneer in offshore field development Fixed platforms and topsides Offshore Field Development EPCI…
  17. HOWARD WEIL ENERGY CONFERENCE – Mcdermott International – slide 17
    Project Highlight: Papa Terra 1+ billion contract awarded to FloaTEC (50/50 JV between MDR and Keppel) EPCI of Tension Leg Wellhead Platform (TLWP) First use of dry-tree floating technology in Brazil McDermott scope included…
  18. HOWARD WEIL ENERGY CONFERENCE – Mcdermott International – slide 18
    Recent Highlights and Q4 Results Completed a rigorous and detailed review of the organization Strong project execution capabilities Quality assets (vessels and facilities) Engaged employee base with first-rate technical capabilities…
  19. HOWARD WEIL ENERGY CONFERENCE – Mcdermott International – slide 19
    Summary of Q4 2013 Results Restructuring Impairments (Atlantic & Corporate) Goodwill write-down of prior 5% acquisitions To Go ( million) Changes to vessel capital Atlantic 20 25 investment strategy Corp. 33 38 27% 43% Total 53…
  20. HOWARD WEIL ENERGY CONFERENCE – Mcdermott International – slide 20
    Summary of Historical Performance Revenue Revenue Backlog ( Millions) ( Millions) 5,039 5,067 3,642 4,802 3,282 3,445 4,404 3,098 3,881 2,659 3,261 2,404 2008A 2009A 2010A 2011A 2012A 2013A 2008A 2009A 2010A 2011A 2012A…
  21. HOWARD WEIL ENERGY CONFERENCE – Mcdermott International – slide 21
    4.8 Billion Backlog ( Millions) Backlog Recognition 4.8 billion backlog as of December 31, 2013 3,000 Approx. 54% subsea and 46% offshore 2,500 976 Booked 737 million in 4Q 2013 2,000 1,500 3.6 billion of bids and change orders…
  22. HOWARD WEIL ENERGY CONFERENCE – Mcdermott International – slide 22
    Strong Revenue Pipeline ( in billions) 23.5 24.2 19.6 19.0 Targets 16.0 billion 2010 2011 2012 2013 Bids Outstanding 3.6 billion Over 700 million in new work Backlog awarded in Q4 2013 4.8 billion 23
  23. HOWARD WEIL ENERGY CONFERENCE – Mcdermott International – slide 23
    McDermott: A Compelling Investment Opportunity New management team in place with strategy to stabilize and grow business over long term New organizational structure oriented around subsea and offshore operations expected to enhance…
  24. HOWARD WEIL ENERGY CONFERENCE – Mcdermott International – slide 24
    March 24, 2014 HOWARD WEIL ENERGY CONFERENCE

From the store

Browse maps, data & reports in the Shale Experts store