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, drilling…
Markets & Customers Full Well Cycle Exposure Subsea Construction Well Construction Stimulation & Drilling Production Infrastructure & Development & Completion Intervention Key Customers & Business Drivers Offshore Service…
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…
Integration and Manufacturing Efficiency Fallbrook Central Campus, Houston Manufacturing Drilling, LA Production Equipment, OK Dynacon Subsea, TX Distribution Multi-Product Line, Singapore Multi-Product Line, Dubai…
2014 Objectives Revenue enhancements Market share gains international and offshore New product commercialization Next generation ROV Multi-well pad production facility Coil Tubing BOP Leveraged to service company growth Margin…
Subsea Capital Expenditures & Subsea Trees 20,000 800 No. of Subsea Tree Startups 15,000 600 CAPEX (MM) 10,000 400 5,000 200 - - Subsea Trees Tree Control Pkg Manifolds / SPUs No. of Subsea Trees 8
Focused Acquisition Strategy Global oilfield, manufactured products Leveraged to attractive secular growth trends Strong brand and market position Activity-based, consumable products High Growth International Expansion 9
Product Line Revenue Growth ( millions) 2014 Product Line 2012 2013 Growth Product Line Drivers Drilling Technologies 434 462 B+V, jackup market, ME & LA, US rig count Subsea Technologies 250 316 Subsea activity & infrastructure…
Capitalization Strong balance sheet to support growth initiatives Senior notes offering completed in Q4 2013 152 million of free cash flow in 2013 and 52 million Q1 2014 (mm) 3/31/14 12/31/13 Capitalization 6.25% Senior unsecured…
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 Division Subsea Technologies Largest range of Subsea Capex (MM) & Subsea Tree Start-ups 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 17
Drilling & Subsea Division 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 Division 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 Division Production Equipment Heater Treater Tanks Separators Well Manifold 20
Production & Infrastructure Division 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…
Production & Infrastructure Division Flow Equipment 22 22
Production & Infrastructure Division Global Tubing JV 23
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) and Chief Financial Officer, Cameron CFO Halliburton General Counsel, Baker Hughes ENSCO Evelyn Angelle, Halliburton Terence…
Reconciliation of Non-GAAP Measures Forum Energy Technologies, Inc. Reconciliation of GAAP to non-GAAP financial information (Unaudited) Actual ( millions) Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 FY 2013 FY 2012 EBITDA…
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