Baker Hughes Company · NASDAQ:BKR
Baker Hughes — Barclays 39th Annual Energy-Power Conference 2025
22 slides from Baker Hughes's conference presentation, Sep 3, 2025
Slide 1: Barclays 39th Annual Energy-Power Conference
Barclays 39th Annual Energy-Power Conference Lorenzo Simonelli Chairman & CEO September 3, 2025 Copyright 2025 Baker Hughes Company. All rights reserved. The information contained in this document is company confidential and proprietary property of Baker Hughes and its affiliates. It is to be used o
Slide 2: Cautionary Statements
Cautionary Statements This presentation (and oral statements made regarding the subjects of this presentation) may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (each
Slide 3: Introduction
Introduction 3
Slide 4: Solving the Most Complex Energy and Industrial Challenges
Solving the Most Complex Energy and Industrial Challenges Providing differentiated lifecycle solutions across critical applications Oilfield Services & Equipment (OFSE) Industrial & Energy Technology (IET) Solutions across the oilfield value chain that 56% 44% Lifecycle solutions that transform and
Slide 5: Baker Hughes' Strategic Evolution
Baker Hughes’ Strategic Evolution Capitalizing on energy and industrial growth trends through disciplined portfolio optimization BKR Adj. EBITDA & Adj. EBITDA MARGIN PROGRESSION 1 Building a leading energy and industrial technology company Adj. EBITDA ($) 6 .0 20.0% ✓ Continuously innovating to addr
Slide 6: Advancing Our Three-Horizon Strategy
Advancing Our Three-Horizon Strategy 6
Slide 7: Implementing Our Strategy Across Three Time Horizons
Implementing Our Strategy Across Three Time Horizons Strengthening our technology portfolio to address evolving energy and customer demands HORIZON ONE HORIZON TWO HORIZON THREE 2023 to 2025 2026 to 2028 2029 & BEYOND Multi-year growth cycles Age of gas & decarbonization, Industrial & New Energy mar
Slide 8: Closing Out Horizon One
HORIZON ONE HORIZON TWO H O RI Z O N T H RE E Closing Out Horizon One Successful strategic execution with significant accomplishments INDUSTRIAL & ENERGY TECHNOLOGY (IET) 1 OILFIELD SERVICES & EQUIPMENT (OFSE) 1 IET EBITDA MARGIN PROGRESSION2 OFSE EBITDA MARGIN PROGRESSION2 2.5 18.2% 19% 4 18.4% 18.
Slide 9: Delivering Significant Operational Improvement
HORIZON ONE HORIZON TWO H O RI Z O N T H RE E Delivering Significant Operational Improvement Through the deployment of the BKR Business System Portfolio Management Performance Measurement • Constant evaluation of portfolio for both • Implement process to standardize strategic fit and financial attra
Slide 10: Creating Opportunity through Commercial Excellence
HORIZON ONE HORIZON TWO H O RI Z O N T H RE E Creating Opportunity through Commercial Excellence Our Growth & Experience (GX) team is an essential partner to customers every step of the way 1 SOLVE 2 SUPPORT 3 BUILD 4 MAINTAIN Help customers design Provide technical support Deliver world class solut
Slide 11: Forging a Path with Strategic Partnerships
HORIZON ONE HORIZON TWO H O RI Z O N T H RE E Forging a Path with Strategic Partnerships Frontier Infrastructure case study THE CUSTOMER THE BAKER HUGHES Commercial wins to date resulting from CHALLENGE SOLUTION the partnership Building an integrated data center and CO2 sequestration hub Hub 16 Nova
Slide 12: Portfolio Optimization Strategy
HORIZON ONE HORIZON TWO H O RI Z O N T H RE E Portfolio Optimization Strategy Maximizing the value of our diverse portfolio of technologies and solutions NEAR-TERM FOCUS AREAS STRATEGIC CRITERIA FOR INVESTMENT Critical Applications Aftermarket / Lifecycle • Unlocking value through the divestiture of
Slide 13: Strategic Portfolio Actions
HORIZON ONE HORIZON TWO H O RI Z O N T H RE E Strategic Portfolio Actions Executing disciplined portfolio initiatives to drive long-term shareholder value NOTABLE ACQUISITIONS1 Well intervention services Electric motors, generators Asset inspection solutions Process technologies for Safety-critical
Slide 14: Advancing Our Strategy to Create Durable Long-term Growth
HORIZON ONE HORIZON TWO H O RI Z O N T H RE E Advancing Our Strategy to Create Durable Long-term Growth Executing our strategy to drive operational excellence & deliver financial commitments • Deepen and expand deployment of the BKR Business System Operational • Deploy AI & digital solutions to enab
Slide 15: Accelerating Our Strategic Vision in Horizon Two
HORIZON ONE HORIZON TWO H O RI Z O N T H RE E Accelerating Our Strategic Vision in Horizon Two The Chart acquisition provides an expanded runway for revenue growth and margin accretion HORIZON TWO REVENUE GROWTH ACCELERATORS EXPANDS DEEPENS ENHANCES ACCELERATES Our total Penetration within Solution
Slide 16: Evolving into a Differentiated Energy & Industrial Leader
HORIZON ONE HORIZON TWO H O RI Z O N T H RE E Evolving into a Differentiated Energy & Industrial Leader Positioning Baker Hughes at the forefront of energy, industrial and sustainability megatrends 2020 2025E Combined Company Future State (with Chart) OFSE IET OFSE IET OFSE IET 55% 37% Revenue $21B1
Slide 17: Investment Thesis
Investment Thesis Baker Hughes =
Slide 18: Compelling Investment Thesis
Compelling Investment Thesis >$40B Advancing differentiated lifecycle solutions and integrated services to solve customers’ complex challenges and meet rising IET Orders1 global demand for more energy from every source to enable industrial progress 20% Driving operational discipline and enhancing BK
Slide 19: Appendix
Appendix 19
Slide 20: GAAP to Non-GAAP Reconciliations
APPENDIX GAAP to Non-GAAP Reconciliations Reconciliation of Net Cash Flow From Operating Activities to Free Cash Flow ($ in millions) FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Net cash flow from operating activities (GAAP) 1,304 $ 2,374 $ 1,888 $ 3,062 $ 3,332 Add: cash used in capital expenditures, n
Slide 21: Orders by Reporting Segment
APPENDIX Orders by Reporting Segment Orders by Reporting Segment ($ in millions) Total Oilfield Services & Equipment FY 2023 FY 2024 1H'2025 Oilfield Services & Equipment $ 16,344 $ 15,240 $ 6,784 Industrial & Energy Technology 7,367 5,675 2,116 Gas Technology Equipment 3,004 3,141 1,899 Gas Technol
Slide 22: Baker Hughes
Baker Hughes ==
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