2019 Annual Meeting of Stockholders
Post-Combination: Our Operating Strategy and Increased Earnings Potential
Our 2018 operating strategy following the combination with CB&I was to pioneer a new kind of company, with a focus on the following
strategic objectives:
Integrate
Complete the integration with CB&I
successfully to establish a top tier,
vertically integrated engineering,
procurement and construction
company, competitively differentiated
in technology, customer relationships,
Drive
Drive savings throughout the
organization and embody a
best in class culture, with a
focus on achieving synergy
savings via the Combination
Profitability Initiative, or CPI
Position
Develop strategy to position
McDermott for future growth
by capitalizing on a robust
revenue opportunity pipeline
and growing end markets
T
Discipline
Exercise disciplined
bidding through thorough
evaluation and assessment
of project risk profiles
Execute
Deliver excellence in execution
through implementation of
the One McDermott Way
Post-Combination, McDermott is a fundamentally different and much larger company
as compared to where we were in 2017, with significant earnings potential
Revenues
▲ 123%
12
10
Backlog
▲ 179%
12-
10
Order Intake
115%
$10.9
12
10
00
6
4
$3.0
2
$6.7
8
6
$3.9
4
2
M
2017
2018
Investor Presentation: 2019 Annual Meeting of Stockholders
2017
2018
80 62
4
$2.6
$5.6
2017
2018
$ in billions
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