Mcdermott International Ltd · OTC:MCDIF
Mcdermott International — Shareholder Meeting (April 2017)
12 slides from Mcdermott International's shareholder meeting presentation, Apr 4, 2017
Slide 1: Investor Presentation: 2017 Annual Meeting of Stockholders
Investo r Presen tation : 2017 Annual M eeting of Stockho lders
Slide 2: Forward-Looking Statement
Forward-Lookin g Statement In acco rd ance with the Safe Harb or provisions o f the Priv ate Secu rities Litigation Reform Act of 1995 , McDermott cautions that statements in this presentatio n which are fo rward‐look ing, and p ro vide other than historical information, involv e risks, contingencie
Slide 3: Executive Summary
E xecutive Summary | Abou t McDermott Lead ing p ro vider of integrated engineering , procuremen t, constru ction and installation services for oil and gas field developmen ts worldwide At any g iven time, 40 or fewer active con tracts typically spanning a duratio n of one to three y ears, performed
Slide 4: McDermott Today
M cDermott T oday | A vertically integrated offs hore and subsea engineering, p ro curement, co nstruction and installation company for upstream field developmen ts world wide Strategically lo cated fabrication y ards and a v ersatile marine fleet Strong lo ng-term relation ships with lead ing energ
Slide 5: Operational Turnaround
Op eratio nal Turnaround Ov er th e p as t three years, M cDermo tt h as trans formed as a Company to beco me a more sustainable, profitable and growth-oriented b usiness , with a focus on stock holders, customers and other stakeholders 20 14 201 5 Mar 2014: All financial guid an ce was withdrawn an
Slide 6: 2016 Performance
2 016 Performance Operational effectivenes s on p rojects and continued cost improv emen ts have led to stron g financial perfo rmance 1 As of Decemb er 31 , 2016 | M DR Proxy Peer Group S&P 5 00 MDR’s FY 2016 TSR sig nifican tly outperformed both the Proxy Peer Group and S&P 5 00 Operating Income F
Slide 7: Board Uniquely Positioned to Exercise Strategic Oversight
Board Uniq uely Positioned to Exercise Strategic Oversig ht | 1 8 Relevant Skills and Ex perience Executiv e Leaders hip 9 Pub lic Company Board 7 International Operations 9 Co rp orate Gov ernance 9 Financial Oversigh t Resp onsib ilities 8 Ex perience with Co re Custo mers 5 Energy/Oilfield Servic
Slide 8: Enhanced Board Evaluation Process and Commitment to Board Refreshment
Enhanced Board E valuation Process and Commitmen t to Board Refres hment | Independent Third Party Facilitator Utilized for Bo ard and Committee Ev aluations Con ducted in 2 017 Board Survey Detailed In terv iews Follo w-Th ro ugh Full Board Dis cus sion New Ind epend ent Director Appoin ted in Febr
Slide 9: Our Philosophy Links Strategy and Performance
Our Philo sophy Links Strategy and Perfo rmance | McDermott’s pay programs are designed to provide compensatio n that: Provides performance based incentives to reward achievement of short and long term business goals an d objectives while reco gnizing individu al co ntributions Attracts motiv ates a
Slide 10: Significant Majority of CEO Pay is At-Risk
Significant Majority of CEO Pay is At-Risk | 15% Ann ual Base Fixed cash compens ation reco gnizing an ex ecutive officer’s experien ce sk ill and performance 15% Ann ual Incentives Variable compensation designed to reward achievement of short-term b usiness goals and s trategic objectiv es while re
Slide 11: Compensation disclosures and Governance Program Changes Informed by Stockholder Engagement
Compensation d isclos ures an d Governance Program Chan ges Informed by Stockho lder Engagement | Off-Season En gag emen t Outreach to stockhold ers and pro xy advis ory firms to und erstan d their perspectives o n a variety of top ics inclu ding g overn an ce and compen sation Sto ckh older Feedbac
Slide 12: Strong Corporate Governance and Compensation Practices
Strong Corporate Governan ce and Compens ation Practices | The Board is activ ely en gaged in stockhold er ou treach efforts Indepen den t Board Chairman Consistent directo r refresh ment us ing a stan dardized p ro cess Us e independent director s earch firm in selecting director candidates M ajori
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