Hunting Manufactures and distributes products that enable the extraction of oil and gas

Hunting PLCGlobal Footprint

2

2009 Corporate Highlights

3

� Completed three acquisitions £47.3m

� Sale of Hunting Energy France £11.1m

� Year end net cash £365.0m

� Free cash flow in the year £39.5m

� Dividend year on year + 6%

2009 Results Summary

2009

£m

2008

£m

Change

%

Revenue 359.9 418.5 -14

EBITDA 50.6 75.7 -33

Profit from operations 35.8 58.8 -39

Finance income (expense) 1.8 (3.4)

Profit before tax 38.5 56.6 -32

Effective tax rate 32% 33%

Basic EPS 17.7p 26.4p -33

Dividend 10.5p 9.9p +6

4

Segmental Results

5

2009 2008

Revenue

£m

Profit

from

Operations

£m

Margin

%

Revenue

£m

Profit

from

Operations

£m

Margin

%

Hunting Energy Services

Well Construction 77.9 3.3 4 112.0 13.5 12

Well Completion 176.2 20.3 12 189.8 26.6 14

Well Intervention 29.4 4.0 14 23.3 4.6 20

Exploration and Production 5.6 0.3 5 14.8 5.9 40

289.1 27.9 10 339.9 50.6 15

Gibson Shipbrokers 20.8 0.7 3 31.2 6.9 22

Field Aviation 50.0 7.2 14 47.4 1.3 3

359.9 35.8 10 418.5 58.8 14

Exceptional Items

6

£m

Continuing

Release of warranty provision 1.5

Additional leasehold property provision (0.9)

0.6

Discontinued

Gain on disposal of Hunting Energy France 2.9

Additional Gibson Energy sale proceeds 17.6

Gibson Energy indemnity and tax provisions (16.6)

3.9

Balance Sheet

7

2009

£m

2008

£m

Total assets 817.7 874.2

Total liabilities (255.9) (316.9)

Net assets 561.8 557.3

Net cash 365.0 372.3

Capital Expenditure

8

2009

£m

2008

£m

Hunting Energy Services

Well Construction 9.1 13.6

Well Completion 8.3 10.9

Well Intervention 1.8 0.8

Exploration & Production 1.9 8.8

Others 0.5 0.7

21.6 34.8

Split:

Replacement 9.9 24.2

New Business 11.7 10.6

21.6 34.8

Acquisitions Update

� Three acquisitions completed in the period

• NCC for £31.8m

• PT SMB Industri for £6.3m

• Welltonic for £9.2m

� Good pipeline of companies still being assessed

9

Capital Expenditures

� Wuxi, China

• Cost : $10 million

• SQ/FT : 300,000

• Completion Date: Q2 2010

� Conroe, Texas

• Cost : $4.5 million

• SQ/FT : 36,000

• Completion Date : Q2 2010

� Casper, Wyoming

• Cost : $9 million

• SQ/FT : 60,000

• Completion Date : Q3 2010

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Capital Expenditures (continued)

� Houma, Louisiana “Mega Center”

• Cost : $50 million

• SQ/FT : 250,000

• Completion Date : 2011

� Aberdeen, Scotland

• Cost : $30 million

• Consolidation and expansion

• Completion Date : Q1 2012

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Cash Flow

12

2009

£m

2008

£m

EBITDA 50.6 75.7

Working Capital 11.9 (15.7)

Others (6.1) (1.9)

Capital expenditure - replacement (9.9) (24.2)

Interest and tax (7.0) (9.5)

FREE CASH FLOW 39.5 24.4

Capital expenditure - growth (11.7) (10.6)

Acquisitions (44.4) (1.6)

Disposals 24.0 524.4

Dividends (13.8) (11.3)

Other (3.8) (2.5)

Discontinued Operations 2.9 (11.3)

(Decrease)/Increase in net cash (7.3) 511.5

Hunting EnergyWell Construction

13

Hunting Energy Services Well Construction

14

Profit from Operations £m

2006 2007 2008 2009

8.0 8.1 13.5 3.3

Unconventional Gas Land Rigs Deepwater

+

Well ConstructionProduct Integration Points

15

OCTG Premium ConnectionsDrilling Tools

Mud Motors

Drill Collars

Shock Tools

Carbon

Alloy

Chrome

SEAL-LOCK

TKC

Licensed Threads

APRS

+

Well ConstructionProducts

� Mud Motors: Hunting’s mud motors

decrease the time it takes to drill wells

utilising state of the art technology to

manage hydraulics in a means to

increase drill bit speed

� Annular Pressure Relief System:

Hunting’s APRS system provides our

customers with additional insurance

against casing collapse and loss of

well in deepwater applications

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Well ConstructionProducts

� Non-Magnetic Drill Collars:

Allow directional drilling

operations to have accurate

information from sensors

located close to the drill bit

� WEDGE-LOCK: Hunting’s

newest premium connection

provides superior capabilities in

deviated and directional drilling

applications

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Hunting EnergyWell Completion

18

Hunting locations for Shale and Tight Gas plays

19

Hunting Energy ServicesWell Completion

20

Profit from Operations £m

2006 2007 2008 2009

20.0 30.0 26.6 20.3

Well CompletionProduct Integration Points

Unconventional Gas Land Rigs Deepwater

SpecialtyThreading

TubularSystems

AccessoryManufacturing

Completion Accessories

Assembly

Print Part Work

Polished Bore Receptacles

SEAL-LOCKTKCLicensed ThreadsAPI

Deepwater Facilities

Managed Inventory

Completion Design

Thread Protection

21

+ +

Well CompletionProducts

� Completion Accessories: Hunting’s global manufacturing

footprint provides products and

services assisting in the

completion of wells

• Proprietary products

• OEM Equipment

� Polished Boring: Hunting

provides the market products

which have the inside diameter

bored and polished for flow

maximisation in highly critical

applications

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Well CompletionProducts

� Premium Tubing: Hunting’s

global footprint provides the

marketplace with tubing

connections which have

engineered gas tight seal

designs

• TKC

• SEAL-LOCK

• 2-Step

� Advanced Tubular Systems: Hunting provides the market

with environmentally sound

running, storage compounds

and thread protectors

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Hunting EnergyWell Intervention

24

Hunting Energy ServicesWell Intervention

25

Profit from Operations £m

2006 2007 2008 2009

3.6 4.1 4.6 4.0

Well InterventionProduct Integration

Work Over Coiled Tubing Subsea

Thru-Tubing Tools Subsea Manufacturing

Pressure Control Equip

OEM Tools

E-Line Tools

Slickline Tools

Coiled Tubing Tools

Coiled Tubing Motors

Chemical Injection System

Hydraulic Valves

Hydraulic Couplings

Weldment Services

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++

Well InterventionProducts

� Pressure Control Equipment: Hunting provides the market

with a highly technical and

innovative line of products and

services in support of wellhead

control and management

� Downhole Tools: Hunting

provides specialty tools for

Slickline and Wireline

applications as an OEM for

major Oilfield Service

companies to the global market.

Specialty or “print part” work is

provided for close tolerance

highly technical manufacturing

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Well Intervention ProductsHunting Subsea

� Chemical Injection System: Hunting provides a positive

displacement metering system with

a maximum working pressure of

17,500 PSI. This cost effective,

reliable system will redefine flow

measurement accuracy

� Specialty Valves: Hunting

provides a series of highly

engineered patented valves to

ensure positive pressure in the

umbilical line or back pressure at

the blow out preventer

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Thru-Tubing TechnologyHunting-Welltonic

Thru-Tubing Specialists

� Coiled tubing tools Design,

manufacture and sales of

specialist and custom designed

tools to companies worldwide.

This covers an extensive range

of intervention equipment from

mud motors, tubular severance

and perforating products to

fishing tools.

� Coiled tubing Services Advanced services from the in-

house design and engineering

team for well intervention and

workover operations, enhanced

by on location sales support,

inventory management and

rentals.29

Gibson Shipbrokers

� Core activities remain focused on the shipping of energy

� Selective recruitment to continue purposeful global expansion

30

Profit from Operations £m

2006 2007 2008 2009

2.9 2.9 6.9 0.7

Others

� Hunting Exploration and Production

� Field Aviation

31

Profit from Operations £m

2006 2007 2008 2009

1.8 4.4 5.9 0.3

Profit from Operations £m

2006 2007 2008 2009

4.2 (0.3) 1.3 7.2

US Spot Oil Price(US$ / bbl)

32

World Oil Demand(mbpd)

33

Offshore Capital Spending

34

Operational / Acquisition Strategy

35

Hunting Energy ServicesStrategy

� Hunting Subsea – emphasis on ultra deep water High Pressure

High Temperature

� Capitalise on Premium Connection Position

� Expand Global Footprint

� Continued Development of Well Intervention Platform

� Acquisitions which Complement Existing Operations and

Products

36