Dresser-Rand Group Inc. GHS 100 Energy Conference June 24, 2014
Global Supplier of Energy Infrastructure Solutions 2013 Sales 3 billion Approximately 8,100 employees 13 manufacturing facilities in 7 countries 49 service centers including 6 engineering and R&D centers 2013 Revenue by 2013 Revenue…
Dresser-Rand Investment Highlights Well positioned to benefit from continuing energy infrastructure investment: Traditional oil & gas upstream and downstream growth opportunities Emerging market opportunities (Environmental…
New Units - Served Industry Market (SIM) Served Industry Market (SIM) Served Industry Market (SIM) 2012 2018 Total SIM 22 billion Total SIM 30 billion New product developments increase SIM potential Source: Dresser-Rand 5
Historical New Unit Bookings ( in Millions) Growth drivers: 1,700 Population growth Economic growth 1,360 Energy demand growth 1,020 Market expansion into 680 new space Initiatives: 340 Value selling Localization 0 Technology /…
Floating Production Opportunities 160 Projects over 5 Years Europe 23 projects North Sea Including Sea Lion, Crawford, Giove North America 22 projects Asia Pacific 47 projects Including Ayatsil, including Greater Sunrise,…
Technology Platform Extensions Integrated INTEGRATED Supersonic SUPERSONIC Steam Turbines STEAM TURBINE ENGINES NEW PLATFORMS COMPRESSION Compression COMPRESSION Compression Engines New Platforms Separator / Game Changing High…
Compact Compression Development 65% lighter, 50% smaller footprint, 45% height reduction Systems approach leading to smaller topside & FPSO footprint and sea floor applications. 10
1st Commercial Order Applying Synchrony Magnetic Bearings by Major O&G Company Compression equipment for a large gas plant in the Middle East Two oil free DATUM compressors for sales and propane gas services Driven by high speed…
LNGo - Distributed LNG LNG Demand Markets: LNG Supply Markets: Local, low-cost alternate to diesel Monetize flares and stranded gas Midstream transportation market Coal bed methane Distributed power generation (remote) 6000 gpd -…
Dependable High Margin Aftermarket Revenues ( in Millions) Market size 15 billion 1,500 9.2% CAGR 2000 to 2013 Since 05 IPO through 2013: New leadership team Implemented growth strategy Added 25 Service & Support 1,000 Centers…
Strategic Infrastructure Investments Saudi Arabia Brazil Largest service center network for our class of equipment in the industry 14
History of Good Performance ( in Millions) Revenue Operating Income 400 3,000 3056 383 2736.4 349 338 336 2,400 300 2290 2312 2195 263 258.7 1,800 1954 1665 200 197 1502 176 1,200 1208 100 116 600 0 0 05 06 07…
1Q14 Overview and Highlights Operating income slightly above top end of guidance Net working capital improved Cash generated from operating activities Major project awards expected over next few months Aftermarket bookings…
DRC Major Priorities Expected top line growth primarily through exploiting expanded market opportunities Commercialization of new technologies in traditional markets & adjacent spaces Rapid entry into emerging markets Potential…
Appendix
2013 Revenue & OI Reconciliation to GAAP ( in Millions) 2013 Revenue and Operating Income (OI): Revenue OI Before impact of draft regulation* 3,056 383 Impact of draft regulation (24) (62) Reported Revenue / OI 3,033 321 Record…
NWC Reconciliation to GAAP ( in Millions) 3/31/2014 12/31/2013 Current Assets 1,657.0 1,735.9 Less: Current Liabilities (945.4) (969.8) GAAP Net Working Capital (NWC) 711.6 766.1 Adjustments: Cash and Cash Equivalents (187.9)…
GAAP Reconciliation - Net Debt to Capital ( in Millions) December 31, March 31, 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Total Debt 598.2 505.6 370.3 370.1 370.0 370.0 1,029.7 1,050.8 1,287.0 1,230.7 Less Cash (98.0) (146.8)…
GAAP Reconciliation - Net Debt to LTM EBITDA ( in Millions) March December 31, 31, 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Net Income 37.1 78.8 106.7 197.7 210.8 146.7 120.8 179.0 168.4 152.1 Income Taxes 15.5 58.5 60.9…
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