The zip-up back and above-knee length complete the look, while the tulle material and built-in bra provide comfort
Fall in love with her classic silhouette and darling floral details
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]
Notes Storage: Store prepared chipotle ranch dressing in an airtight container in the refrigerator for up to 1 week
