Baker Hughes Company · NASDAQ:BKR

Baker Hughes — Q4 2018 Earnings Presentation

8 slides from Baker Hughes's earnings presentation, Jan 31, 2019

  1. Slide 1: 4Q'18 & TY 2018 BHGE Earnings

    4Q’18 & TY 2018 BHGE Earnings January 31, 2019 © 2019 Baker Hughes, a GE company - All rights reserved

  2. Slide 2: Disclaimer

    Disclaimer This news release (and oral statements made regarding the subjects of this release) 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 a “forward-look

  3. Slide 3: 4Q'18 highlights & environment update

    4Q’18 highlights & environment update • Orders of $6.9 billion, up 21% year-over-year … Revenue of $6.3 billion, up 8% year-over-year Financial • GAAP operating income of $382 million … Adjusted operating income (a non-GAAP measure) of $498 million Results1 • GAAP diluted earnings per share of $0.28

  4. Slide 4: 4Q'18 BHGE financial performance

    4Q’18 BHGE financial performance Sequential Prior year ($ in millions, except EPS) 4Q'18 variance variance Orders $6.9B 20% 21% Revenue $6.3B 11% 8% Operating income $382M 35% F Adjusted operating income (non-GAAP)1 $498M 32% 75% GAAP earnings per share (attributable to Class A shareholders) $0.28 F

  5. Slide 5: 2018 TY BHGE Combined Business Basis Results

    2018 TY BHGE Combined Business Basis Results Prior year ($ in millions, except EPS) 2018 variance Orders $23.9B 10% Revenue $22.9B 5% Operating income $701M F Adjusted operating income (non-GAAP) 1 $1,391M 62% Cash flow from operating activities $1,762M n/a Free cash flow (non-GAAP) 1 $1,226M n/a 1

  6. Slide 6: Segment financial performance

    Segment financial performance ($ in millions) Oilfield Services Turbomachinery & Process Solutions 4Q'18 Sequential YoY 4Q'18 Sequential YoY Orders $3,051 1% 10% Orders $2,123 37% 23% Revenues 3,062 2% 10% Revenues 1,782 28% 8% Operating income 224 (3)% F Operating income 257 94% 64% Operating incom

  7. Slide 7: Securing key commercial wins

    • Securing key commercial wins • Improving cash generation • Delivering productivity solutions • Executing on priorities for shareholders © 2019 Baker Hughes, a GE company - All rights reserved

  8. Slide 8: AM Energy Forward 2019

Baker Hughes — Q4 2018 Earnings Presentation on 6ix