Smart Solutions. Powerful Products. Forum Energy Technologies
Forum Energy Technologies Strategy Themes Global oilfield, manufactured products and equipment company Leveraged to attractive secular growth trends Subsea offshore development Well Construction greater well complexity and…
Markets & Customers Full Well Cycle Exposure Subsea Construction Well Construction Stimulation & Drilling Production Infrastructure & Development & Completion Intervention Business Drivers Subsea Activity Rig Count Well Count…
Weighted Towards Consumables Activity-based Revenue Drivers High percentage of revenue from activity-based, consumable products Purchases often associated with our customers operating expense budgets Percent of 2013 Revenue…
Market Outlook NAM and international rig count growth Rig efficiencies driving jackup and land rig upgrades and newbuilds Multiwell pad drilling and 24hour operations driving consumables Longer horizontal laterals and more complex…
Drilling Technologies Primary Products and Services Handling Tools Consumables Drilling Equipment Customers Drilling rig contractors Footprint 13 manufacturing facilities and 12 service locations Size 462 million - 2013…
Downhole Technologies Primary Products and Services Casing Hardware for Cable & Control Line Completion Products Well Construction Protection Systems Customers Service companies and E&P operators Footprint 4 manufacturing…
Flow Equipment Primary Products and Services Treating Iron Fluid End Recertification [insert picture] Customers Service companies Footprint 3 manufacturing facilities, 9 sales and service locations Size 123 million -…
Well Intervention Product Family Primary Products and Services Coiled Tubing Wireline Cable Pressure Control Building a well intervention product offering for the service companies Critical consumable products coiled tubing and…
Subsea Capital Expenditures & Subsea Trees 20,000 800 Source: Quest Offshore No. of Subsea Tree Startups 15,000 600 CAPEX (MM) 10,000 400 5,000 200 Subsea equipment installation Subsea well intervention…
Current Objectives Revenue enhancements Market share gains international and offshore New product commercialization Leveraged to service company growth Aftermarket services Margin improvement / operational excellence Manufacturing…
Integration and Manufacturing Efficiency Westhill Campus - Aberdeen Distribution Fallbrook Central Campus - Houston Flow Equipment - San Antonio Flow Equipment - Grand Prairie Manufacturing Multi-Product Line - Singapore & Dubai…
Focused Acquisition Strategy Global oilfield, manufactured products Leveraged to attractive secular growth trends Strong brand and market position Activitybased, consumable products High growth International…
Product Line Revenue Growth ( millions) 2014 Product Line 2012 2013 Growth Product Line Drivers Drilling Technologies 434 462 Jackup and land rig newbuilds, NAM rig count Subsea Technologies 250 316 Subsea infrastructure,…
Capitalization Strong balance sheet to support growth initiatives Free cash flow of 152 million in 2013 and 89 million YTD Q2 2014 (mm) 6/30/14 12/31/13 Capitalization 6.25% Senior unsecured notes due October 2021 403 403 Senior…
Summary Large cap capabilities, small cap growth Growth company organic and M&A Leverage to service, offshore and drilling contractors Consumable, activity-based products Attractive margins 20% EBITDA Substantial free cash flow…
Smart Solutions. Powerful Products. Questions
Sources of Revenue As a percent of 2013 sales Geography Purchase Cycle Latin America Middle East Other 4% 4% 3% Canada 7% Asia Pacific Capital 10% Equipment Consumable United Products 44% Europe States 53% Africa 60%…
Drilling & Subsea Segment Drilling Technologies Mission Critical Drilling Capital Equipment Drilling Consumable Product Suite Mousehole tool XL Backsaver 1,000 ton hydraulic elevator Wrangler Catwalk Casing slip Blohm +…
Drilling & Subsea Segment Subsea Technologies Largest range of Subsea Capex (MM) & Subsea Tree Startups ROVs in industry 20,000 800 Perry and Sub-Atlantic No. of Subsea Tree Startups 15,000 600 ROV Technology CAPEX…
Subsea Technologies Deployment of the T-1200 Trencher 23
Drilling & Subsea Segment Downhole Technologies Trusted Name in a Consolidated Market1 Others 22% Varel Weatherford 3% 39% Top-Co 8% Forum (Davis- Lynch) Halliburton 11% 17% Davis-Lynch Casing & Cementing…
Production & Infrastructure Segment Production Equipment Heater Treater Tanks Separators Well Manifold 25
Production & Infrastructure Segment Valve Solutions Two piece trunnion valves for the shale markets Specified ball valve of choice for the US Strategic Petroleum Reserve Preferred valve supplier to leading Canadian oil sands…
Production & Infrastructure Segment Flow Equipment 27 27
Production & Infrastructure Segment Global Tubing JV 28
Senior Management Executive team has an average of 30+ yrs of industry experience Cris Gaut, Chairman & CEO President (Drilling & Evaluation), CFO Halliburton Co-COO & CFO ENSCO Prady Iyyanki, COO President & CEO GE…
Board of Directors Cris Gaut, FET Chairman & CEO Franklin Myers President (Drilling & Evaluation), Chief Financial Officer, Cameron CFO Halliburton General Counsel, Baker Hughes ENSCO Evelyn Angelle, Halliburton Terence OToole,…
Reconciliation of Non-GAAP Measures Forum Energy Technologies, Inc. Reconciliation of GAAP to nonGAAP financial information (Unaudited) Actual ( millions) Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 EBITDA Reconciliation…
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