Designed to complete a bold, goddess-inspired look
The skirt consists of layers of tulle and chiffon printed with butterfly wings
Body positivity isn't just a trendit's a way of life
It's, it was out of nowhere, like, it was very surprising, like, not necessarily that they, like, hooked up, but it was just like, Oh, we're really getting it, like, like-- Traci Thomas 51:10 We're really going into a sex scene
Compressor Renewal Services) Refining 200,000 bpd ~ $50MM opportunity Expansions e.g., Saudi Aramco Jubail & Yanbu Process upgrades, environmental compliance, energy conservation, difficult crudes Chemical (Asia, India & Middle East) 16 Emerging Market Opportunities ICS - Only-In-Class - DATUM derivative technology / close coupled motor / proprietary separation technology commercial order topside Petrobras P-18 Subsea CAES CO2 Sequestration Experience & Technology - Only operating installation in North America Potential to combine with wind and solar Government incentives and Green incentives Tracking ~ 20 projects (100 MW ~ $50MM opportunity) DRC has a significant amount of installed horsepower worldwide compressing CO2 Opportunity involving coal-fired power plants Potential for carbon tax or Cap & Trade incentives Ramgen supersonic compressor technology 17 ($ and Shares in Millions) Full Year Operating Income $340 to $360 Fourth Quarter Operating Income $74 to $94 Interest Expense $8.5 to $9.0 Effective Tax Rate ~ 33% Diluted Shares Outstanding ~ 82.2 18 2010 New Units Outlook Inquiries remain at a high level Recovery in New Unit market appears underway New unit backlog at 9/30/09 = $1.3 billion Backlog scheduled to ship in 2010 = $680 million Revenues between $800 million to $1.0 billion Flexible manufacturing model preserving high single digit operating margin 19 ($ in Millions) CAGR ~ 10% Sales $1,100 (mid-point) $475 High Book / Ship Short cycle time High # of transactions Revenues between $1.0 to $1.2 billion Market recovery NOC recovery Local presence new service locations Acquisitions gain traction $300 $600 $900 $1,200 20 2010 Summary Outlook ($ and Shares in Millions) New Units Revenue $800 to $1,000 Aftermarket Revenue $1,000 to $1,200 Operating Income $260 to $300 - Unallocated Expenses $80 to $85 Interest Expense $30 to $35 Effective Tax Rate ~ 33% Diluted Shares O/S 82.5 21 Summary Believe we have sustainable competitive advantages: Technology, Alliances, Installed Base, Service Network Believe we are very well positioned DRC Business Model Characteristics: Steady high margin aftermarket Flexible manufacturing model Results: Ability to meet significant New Unit demand swings with minimal disruption Good performance even in down markets Low capital intensity 22 www.dresser-rand.com [email protected]
Dramatic playgives the childs imagination free reign
