Free Cash Flow History Cumulative Free Cash Flow* - 610 million and Net Income - 591 million 700 700 600 600 500 500 400 400 Net Income 300 300 FCF 200 200 100 100 - - 2009 2010 2011 2012 2013 2014 *FCF equals…
Free Cash Flow 2015 Focus Working capital reduction Lower capital expenditures Focused M&A and share repurchases ( millions) 2014 2013 Free cash flow, before acquisitions Net income 174 129 Depreciation and amortization 65 61…
Deployment of Cash Seventeen acquisitions since the 2010 combination 150 million share repurchase program Repurchased 4.4 million shares in Q4 2014 for 100 million 50 million remaining under existing program New product…
Flow Equipment Power Ends & Pumps Manifolds & Treating Iron Fluid Ends, Valves, Fittings J-Mac Tool - 2015 Wood Flowline - 2011 Phoinix Global - 2011 Refurbishment & Recertification The full suite of pumps, replacement power and…
Well Intervention Coiled Tubing Wireline Cable Pressure Control Global Tubing JV - 2013 Quality Wireline - 2014 Vanoil 2008 Building a well intervention product offering for the service companies Critical consumable products…
New Products Iron Roughneck XLX C ROV Coiled Tubing Products WR 100 Slewing and preset capabilities Perry XL series reliability Coiled Tubing Pipeline operational from control panel Highly versatile - tooling to IRM Offshore…
Improving Operational Performance Manufacturing excellence Develop and leverage centers of excellence On time delivery Shorten manufacturing lead times Supply chain efficiencies Supply base rationalization Sourcing technology…
Summary Large cap capabilities, small cap opportunities Strong financial position Free cash flow generation for enhanced shareholder value Focused and disciplined M&A New product development Stock repurchases Balanced and diverse…
QUESTIONS Confidential 16
Markets & Customers Full Well Cycle Exposure Well Construction Stimulation & Subsea Construction Production Drilling Infrastructure & Completion Intervention & Development Business Drivers Well Count and Well Construction Rig…
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…
Sources of Revenue As a percent of 2014 sales Geography Purchase Cycle Latin America Middle East 4% 4% Canada 6% Asia Pacific 9% Capital Equipment Consumable United 48% Products Europe States 50% Africa 60% 17% Other…
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 ROVs in industry Perry and Sub-Atlantic VMax Simulation Systems Tether Management Systems Trenchers ROV Components Launch & Recovery Systems Confidential…
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 Confidential 23
Production & Infrastructure Segment Valve Solutions Two piece trunnion valves for the shale markets Specified ball valve of choice for the US Strategic Petroleum Reserve Confidential Preferred valve supplier to leading…
Production & Infrastructure Segment Flow Equipment Confidential 25 25
Reconciliation of Non-GAAP Measures (Unaudited) Actual ( millions) Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 EBITDA Reconciliation Net Income attributable to common stockholders 35 36 40 52 46 Interest expense 8 8 8 8 7…
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