FMC Technologies

g Overview

Fourth Quarter 2011

Director, Investor Relations

Bradley Alexander
+1 281 260 3665
bradley.alexander@fmcti.com
These slides and the accompanying presentation contain “forward-looking”
f statements which
represent management’s best judgment as of the date hereof, based on currently available
information. Actual results may differ materially from those contained in such forward-looking
statements.

The Company’s periodic reports filed under the Securities Exchange Act of 1934 include
information concerning factors that may cause actual results to differ from those anticipated
by these forward-looking statements. The Company undertakes no obligation to update or
revise these forward-looking statements to reflect new events or uncertainties.

Although the Company reports its results using GAAP, the Company uses non-GAAP measures
when management believes those measures provide useful information for its stockholders.

The Appendices to this presentation provide reconciliations to GAAP for any non-GAAP
measures referenced in today’s presentation.

2
An Oilfield Service and Equipment
q p Company
p y

• $4.1 billion revenue in 2010

• 13,500
3,500 e
employees
p oyees worldwide
o d de

• 27 production facilities in 16 countries

• FORTUNE® Magazine
M i 2010 World’s
W ld’
Most Admired Oil and Gas Equipment,
Services Company

3
$4.1B
$ Revenue in 2010 from Two Segments
g

81% Energy Production

• Subsea Production Systems
Upstream
m

• Subsea Processing Systems

• Surface Wellhead
• Multi Phase Meters

81% 19%

19% Energy
E P
Processing
i
• Fluid Control
Downsttream

• Measurement Solutions
• Loading Systems
• Material Handling Solutions
• Direct Drive Systems

4
Backlog
g Starting
g to Grow Energy P
E Processing
i
Energy Production

$B Orders* $B Backlog
$6 $5 7
$5.7 $6
$5 5
$5.5

$4.5
$4.3 $4.2
$4 $4 $3.7
$3.5
$2.9
$2.5
$2.3
$
$2 $2

$0 $0
2006 2007 2008 2009 2010 2006 2007 2008 2009 2010

$B $M
$6 Revenue $700 Operating Profit
$619 $633
$600
21% CAGR $586
$4.6 $4.4
$4.1 $500
$4 $3.6 $430
$400
$2.9
$292
$300
$2
$200
$100
$0 $
$0
2006 2007 2008 2009 2010 2006 2007 2008 2009 2010

* Orders have been revised to exclude the effects of foreign currency translation on backlog. Prior to 2010,
the Company's practice was to include backlog translation effects as a component of orders.

5
Financial Results Energy P
E Processing
i
Energy Production

$B Orders* $B Backlog
$2.0 $6

$1.6 $4.6
$1.5 $4.3
$1.3 $4 $3.6
$1.0 $1.1 $3.3
$3.0
$1.0 $0.8
$2
$0.5

$0.0 $0
3Q07 3Q08 3Q09 3Q10 3Q11 3Q07 3Q08 3Q09 3Q10 3Q11

$B $M
$2.0 Revenue $200 Operating Profit
$176
$165
$1.5 $150 $144 $141
$1.3
$1 1
$1.1 $1 1
$1.1 $108
$1.0 $0.9 $1.0 $100

$0.5 $50

$0.0 $
$0
3Q07 3Q08 3Q09 3Q10 3Q11 3Q07 3Q08 3Q09 3Q10 3Q11

* Orders have been revised to exclude the effects of foreign currency translation on backlog. Prior to 2010,
the Company's practice was to include backlog translation effects as a component of orders.

6
Subsea Systems is Over 65% of Revenue

FMC Technologies
2010 Revenue

All Other
Products
Subsea
S t
Systems

7
Our Focus is on Subsea Systems
Market Share
O d
Orders
(2007 – 2010)

GE
13%
Aker
11%
Revenue FMC Tree Units
Dril-Quip
(2007 – 2010) 46% 7%
(2007 – 2010)

Cameron GE
GE
23% 12%
17%
FMC Aker FMC Aker
12%
47% 9% 39% Dril-Quip
Dril-Quip 3%
Total Market $27.8B
7%
Cameron
C
Cameron 34%
20%

Total Market $23.5B Total Market 1,578

Complexity and value per well increasing

Sources: Douglas-Westwood, Quest Offshore Resources, Inc.

8
IOC’s Increasing
g Focus on Deepwater
p

• The fastest growing source to meet Total World

incremental pproduction demands Mboe/D Oil & Gas Production
140
• Accessible opportunity for IOC’s to Deep
120
employ differentiated technology
100
Shallow
• Technology advancements are 80
improving exploration success and
60
recovery rates
40 Onshore
• Sizable deepwater
p discoveries being
g 20
made globally in multiple basins
-

CAGR Since 1992

Deep: 20%
Shallow: 4%
Onshore: <1%

Source: PFC Energy

9
Expanding Rig Fleet Adds Capacity for
S bsea Well Completions
Subsea

Deepwater Semi
Semi’ss • 77 new deepwater
d t rigs
i
and Drill-ships increasing fleet by 30%
from 2010 to 2013
400
308 334 • Additional rig commitments
325 293
257 announced by Petrobras
235
250 213 • 5th and 6th generation
175 rigs more productive

100 • Non-rig tree

2008 2009 2010 2011E 2012E 2013E installations becoming
more common

Source: ODS Petrodata, October 2011

10
 Subsea Technology Leadership Track Record

1980 1985 1988 1992 1994 1999 2004 2006 2007 2008

World record water depths

World record
achieved by FMCwater depths
Technologies
achieved by FMC Technologies

11
Capabilities in all Major Deepwater Basins
2010 Subsea Revenue: $2.7B
Asia-
Norway Pacific
Brazil North
Scotland Sea
Newfoundland
GoM
West
Africa

Houston

Ivory Coast Ghana

Malaysia
Nigeria
Congo Singapore

Angola
Brazil
Australia

• 8,900 Subsea Employees

• 6 Subsea Manufacturing Facilities
• 14 Subsea Customer Support Bases

Subsea Manufacturing Facility Subsea Service Base Subsea Technology Center

12
Strong Customer Relationships Drive Growth
and
dTTechnology
h l L
Leadership
d hi

• Frame Agreements
• Alliances
Repeat Orders
• Partnerships

• Ultra Deepwater
• High Temperatures
• High Pressures Innovation
• Subsea Processing
• Subsea Intervention

13
Major Subsea Project Opportunities Ahead
Potential
P t ti l $150M+
$150M subsea
b production
d ti system
t
projects in the next 15 months*

Operator Project Location No. of Trees

Chevron Wheatstone Australia 11
Apache Julimar Australia 8
Inpex Ichthys Australia 22
BP West Nile Delta Egypt 17
Woodside Greater Western Flank Australia 6
Gazprom Shtokman Russia 16
BP Block 31 Angola 40
ExxonMobil Erha North Ph 2 Nigeria 10
Hess Pony GoM 14
BP Mad Dog g South GoM 33
ENI Block 15/06 Angola 10
Total Egina Nigeria 48
Tullow Tweneboa Ghana 20
BP Greater Plutonio Infill Angola 15
Chevron Lucapa Angola 18
Maersk Chissonga Angola 20
Woodside Sunrise Australia 12
320

* As of September 30, 2011.

14
Expanding our Subsea Solutions Scope

Core Products New Products

• Trees • Subsea Processing
• Manifolds − Separation
• Control Systems − Boosting
• Template Systems − Gas Compression
• Flowline Connection Systems • Well Intervention Services

15
 Using Subsea Processing to
E bl New
Enable N Development
D l t and
d
Increase Oil Recovery

Greenfield challenges:
• Heavy oil Opportunity
• Low reservoir pressure to Enable New
• Hydrate formation Development

Brownfield challenges:
• Declining
g oil & g
gas p
production Opportunity
• Increasing water production to Increase
• Constrained topside facilities Oil Recovery

16
 Subsea Processing Projects in Every
M j Deepwater
Major D t Basin
B i
Tordis
• Brownfield
• Gas/Oil/Water/Sand Separation
• Boosting

Cascade
• Greenfield
• Boosting
Pazflor
• Greenfield
• Gas/Liquid Separation
• Boosting
Perdido
• Greenfield
• Gas/Liquid Separation
• Boosting
Marlim
• Brownfield
• Gas/Oil/Water/Sand Separation
BC-10
• Greenfield Congro and Corvina
• Gas/Liquid Separation • Brownfields
• Boosting • Gas/Liquid Separation
• Boosting

Greenfield Brownfield

17
Marlim Project:
I
Increasing
i B
Brownfield
fi ld Oil Recovery
R
Project Operator:
• First deepwater subsea oil/water separation system
• Mature field (brownfield) with heavy oil and
increasing water production
• Gas/oil/water/sand separation at 3,000 ft. depth Brazil

• Water reinjected into reservoir to boost production

18
Pazflor Project:
E bli
Enabling Greenfield
G fi ld Economic
E i Viability
Vi bilit
Project Partners:
• New field (greenfield) with heavy oil
and hydrate risk

• Gas/liquid separation with boosting

at 2,000 ft. depth

• Producing to FPSO with:

− 49 subsea trees and control systems
− 3 gas/liquid separation and boosting systems

Angola

19
Market Opportunity to Extend Well Life
and
d IIncrease Oil R
Recovery
Subsea Installed Base

1,635
9.5 years

Subsea production 681

challenges: 6.2 years

• Subsea well 896 346

5.3 years 7.4 years
population aging
861
• Production rates 9.1 years
declining over time

• Rig costs rising Producing subsea wells

Average
g age
g of wells
Source: Quest Offshore Resources, Inc.

20
Well
e Intervention
te e t o Services
Se ces

Patented Technology
gy Solution
• Lower cost - rigless
• Faster interventions
• No hydrocarbons to surface - riserless
• Increased oil recovery

Contracts Awarded to FMC

Operator Location Term Start-up
Statoil North Sea 6 Yrs 2Q
Q 2006
Statoil North Sea 4 Yrs 2Q 2009
BP* North Sea 3 Yrs 2Q 2009
*Unit
Unit has a second contract with Statoil beginning winter 2011 through
spring 2012 with no impact on existing BP contract.

21
Delivering
g Bottom Line Results

Diluted Earnings per Share from

Continuing Operations

$1.70 - $1.75
$2.00
$1 53
$1.53
$1.44
$1.50 $1.36

$1.00

$0.50

$0.00
2008 2009 2010 2011
Actuals Guidance *

* As of October 25, 2011

22
In Summary
y*
An oilfield service & equipment company with…

Deepwater/Subsea Exposure >65% of Revenue

Leading Market Position 46% Subsea Market Share

Strong Customer Relationships Multi-year Customer Alliances

Technology Leader 7 Subsea Processing Awards

* As of December 31, 2010.

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www.fmctechnologies.com
f t h l i

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