Baker Hughes Earnings Conference Call Q4 2013 2014 Baker Hughes Incorporated. All Rights Reserved. 21 January 2014 8:00 am EST 2014 BA KE R H UGHE S IN C ORP ORATED. ALL RIGHTS RESERVED. TERMS AND COND ITIONS OF U SE: BY…
Q4 2013 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…
2013 Overview Record revenue of 22.4 billion Solid growth in the Eastern Hemisphere Latin America margin progression on track Continued improvements in U.S. Pressure Pumping 2014 Baker Hughes Incorporated. All Rights…
Financial Performance Peter Ragauss Senior Vice President and Chief Financial Officer 2014 Baker Hughes Incorporated. All Rights Reserved. 5
Q4 2013 Financial Highlights Adjusted Net Income1 277 million 0.62 per share Attributable to Baker Hughes Severance Charges2 29 million 0.06 per share Net Income (GAAP) 248 million 0.56 per share Attributable to Baker…
2013 Financial Highlights Revenue 22.36 billion Up 5% over prior year Adjusted EBITDA1,2 3.7 billion Down 3% over prior year3 Adjusted Net Income2 1.2 billion 2.62 per share GAAP Net Income 1.1 billion 2.47 per share 2014 Baker…
2014 Baker Hughes Incorporated. All Rights Reserved. 8 - 0.20 0.40 0.60 0.80 GAAP Q3 13 1.00 0.77 Severance Q3 13 0.04 Adjusted Q3 13 0.81 Latin America Bad Debt - Q3 0.09 North America Operations…
North America Q4 Results Revenue Operating PBT1 Operating PBT Margin1 2.74 billion 241 million2 8.8% Down 4% Down 54 million Down 150 bps sequentially sequentially sequentially Holiday seasonality and adverse weather impact…
International Q4 Results Revenue Operating PBT1 Operating PBT Margin1 2 2 2.77 billion 406 million 14.6% 2,3 2,3 Up 6.3% Up 42 million Up 60 bps sequentially sequentially sequentially Record revenue in Eastern Hemisphere Asia…
Industrial Services Q4 Results Revenue Operating PBT1 Operating PBT Margin1 2 2 346 million 35 million 10.1% 2 2 Up 6% Down 3 million Down 150 bps sequentially sequentially sequentially 2014 Baker Hughes Incorporated. All Rights…
Balance Sheet Free Cash Flow 649 million Cash 1.4 billion Up 31 million Total Debt 4.4 billion Down 194 million Total Debt-to-Capital Ratio 19.7% Capital Expenditures for Q4 2013 533 million 2014 Baker Hughes Incorporated.…
Guidance and Assumptions Baker Hughes FY 2014 Rig Count Projection U.S. Onshore Rig Count Average of 1,710 Flat U.S. Offshore Rig Count Average of 60 Up 5% Canada Rig Count Average of 370 Up 5% International Rig Count Average of…
Business Outlook Martin Craighead Chairman and Chief Executive Officer 2014 Baker Hughes Incorporated. All Rights Reserved. 14
Business Outlook Awarded a major, multi-year contract for Completion Systems by Statoil Drilling first appraisal well on D18 Awarded deepwater contract in Australia for multiple product lines Multiple contract awards for…
To view our Shadow Plug animation, click on the image below Shadow Series Frac Plug or go to www.bakerhughes.com/shadow 1 4 2 5 2014 Baker Hughes Incorporated. All Rights Reserved. 3 6 16
ProductionWave Solution Strong sales across every major basin Using real-time monitoring to optimize recovery Replacing rod lift and gas lift systems 2014 Baker Hughes Incorporated. All Rights Reserved. 17
2014 Baker Hughes Incorporated. All Rights Reserved. 18