2019 Annual Meeting of Stockholders
Compensation Philosophy Links Strategy and Operational Performance
McDermott's compensation programs are designed to provide compensation that:
Attracts, motivates and retains
high-performing executives
Provides performance-based incentives that reward achievement of short-
term and long-term business goals and strategic objectives while
recognizing individual contributions
Aligns the interests of our executives
with those of our stockholders
Performance metrics and performance levels used within elements of annual and long-term compensation
support our strategic and financial goals and drive the creation of stockholder value
2018 Executive Incentive
Compensation Plan
(Annual Bonus)
2018 Long-Term
Incentive Plan Awards
― Performance Units
Strategic Objective
Integrate & Execute
Drive profitability via improved project execution
Drive
Prioritize liquidity needs
Position
Support future business
Integrate, Discipline & Execute
Generate returns for stockholders
Performance Metric
Adjusted Operating Income
Adjusted Free Cash Flow
Order Intake
Relative Total Shareholder Return
M
Investor Presentation: 2019 Annual Meeting of Stockholders
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