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Cowen and Company 4th Annual Ultimate Energy Conference – Fmc Technologies, Inc.

Fmc Technologies, Inc. · Dec 2, 2014 · 16 slides

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Slides

  1. Cowen and Company 4th Annual Ultimate Energy Conference – Fmc Technologies, Inc. – slide 1
    Cowen and Company 4th Annual Ultimate Energy Conference Maryann Seaman Executive Vice President and Chief Financial Officer
  2. Cowen and Company 4th Annual Ultimate Energy Conference – Fmc Technologies, Inc. – slide 2
    FMC Technologies Summary B Orders 10 7.8 to 8.2 8 6 4 1.3 2 0 2001** 2014E**** B 7.9 to B Revenue 8.4 10 7.8 to 8.0 8 6 4 2 1.1 0 2001 2014E**** per share EPS 2.75 to 3 2.85 2.5 2 1.5 1 0.5 0.22 0 2001*** 2014E****…
  3. Cowen and Company 4th Annual Ultimate Energy Conference – Fmc Technologies, Inc. – slide 3
    Continued Growth B % 6 5.2 to 5.3 20 4.7 4.0 15 4 Subsea Technologies 2 3.3 9.3% 10.8% 11.6% 14.0% 10 5 0 0 2011 2012 2013 2014E* % B 2.0 to 2.1 40 2 1.8 1.6 30 Surface Technologies 1 1.3 19.1% 17.8% 20…
  4. Cowen and Company 4th Annual Ultimate Energy Conference – Fmc Technologies, Inc. – slide 4
    Subsea Technologies B Beginning of year backlog 8 Backlog Supported Growth 6.0 6.0 6 4.6 4.1 4 3.6 Strong backlog 2 Backlog conversion rate 0 increasing 2011 2012 2013 2014 2015E* B 8 Revenue Continued growth in 6 5.7 -…
  5. Cowen and Company 4th Annual Ultimate Energy Conference – Fmc Technologies, Inc. – slide 5
    Subsea Technologies Margin Improvement Positive pricing EBIT margins environment 19.0% 15.0% 15.0% 16.0% 14.0% 11.6% 13.0% Stronger margins in backlog 9.3% 10.8% 10.0% 7.0% Continued strong execution 2010 2011 2012 2013…
  6. Cowen and Company 4th Annual Ultimate Energy Conference – Fmc Technologies, Inc. – slide 6
    Deepwater Production Importance New global supply sources needed to meet world demand in 2020 Estimated 27 million barrels / day required Source: Rystad Energy Supply Study, EIA US Oil Production Estimates, FMC Internal Analysis…
  7. Cowen and Company 4th Annual Ultimate Energy Conference – Fmc Technologies, Inc. – slide 7
    Deepwater Discoveries Global new discoveries These deepwater fields are nine of the ten largest 2007 2012 discoveries of 2013: (reserves) Agulha/Coral - Mozambique (Eni) 1.4B BOE Lontra - Angola (Cobalt Intl Energy) - 900M BOE Ogo -…
  8. Cowen and Company 4th Annual Ultimate Energy Conference – Fmc Technologies, Inc. – slide 8
    Deepwater Fundamentals Undeveloped discoveries Deepwater rig demand Subsea wells to be drilled 600 500 1000 500 400 800 400 Number of Fields Number of Wells Number of Rigs 300 600 300 200 400 200 100 100 200 0 0 0…
  9. Cowen and Company 4th Annual Ultimate Energy Conference – Fmc Technologies, Inc. – slide 9
    Operator Deepwater Spending Growth Global offshore spending Remain committed to B 700 developing large portfolios 600 of deepwater fields 500 337.0 400 Overcome challenges 300 181.6 associated with improving 200 returns…
  10. Cowen and Company 4th Annual Ultimate Energy Conference – Fmc Technologies, Inc. – slide 10
    Continued Shift to Development Activity Partners Equipment Scope Floater Demand (Rig Years) Controls Well Jumper Development Exploration Rystad Energy, Morgan Stanley Research estimates 10
  11. Cowen and Company 4th Annual Ultimate Energy Conference – Fmc Technologies, Inc. – slide 11
    Leverage Our Partnerships to Improve Operator Returns Earlier involvement in field development Engineer standard equipment to reduce project costs, shorten lead times, and improve execution Increase oil recovery through expansion…
  12. Cowen and Company 4th Annual Ultimate Energy Conference – Fmc Technologies, Inc. – slide 12
    Standard Subsea Equipment for 20,000 psi 350F JDA Partners Equipment Scope High Integrity Pipeline Protection System (HIPPS) Subsea Distribution Enhanced Vertical Deepwater Tree (EVDT) System Controls Well Jumper HC-20…
  13. Cowen and Company 4th Annual Ultimate Energy Conference – Fmc Technologies, Inc. – slide 13
    Applying Technology to Increase Production Development planning to abandonment Condition performance monitoring Uptime Integrated vessel based services Equipment refurbishment Production Flow analysis Increased Well access…
  14. Cowen and Company 4th Annual Ultimate Energy Conference – Fmc Technologies, Inc. – slide 14
    FMCs Operational Focus Maintain our subsea leadership through industry leading execution Further develop and expand our subsea services and processing to assist our customers in their focus on returns Deliver earnings growth…
  15. Cowen and Company 4th Annual Ultimate Energy Conference – Fmc Technologies, Inc. – slide 15
    Questions
  16. Cowen and Company 4th Annual Ultimate Energy Conference – Fmc Technologies, Inc. – slide 16
    Appendix A FMC Technologies, Inc. Reconciliation of Non-GAAP to GAAP Financial Measures (Unaudited) (In Billions, except for Earnings per Share) 12 Months Ended 12/31/2001 Non-GAAP FTI Orders 1.3 JBT Orders 0.9 GAAP FTI…

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