2012Baker Hughes Incorporated All Rights Reserved

2012 BAKER HUGHES INCORPORATED. ALL RIGHTS RESERVED. TERMS AND CONDITIONS OF USE: BY ACCEPTING THIS DOCUMENT, THE RECIPIENT AGREES THAT THE DOCUMENT TOGETHER WITH ALL INFORMATION INCLUDED THEREIN IS THE
CONFIDENTIAL AND PROPRIETARY PROPERTY OF BAKER HUGHES INCORPORATED AND INCLUDES VALUABLE TRADE SECRETS AND/OR PROPRIETARY INFORMATION OF BAKER HUGHES (COLLECTIVELY "INFORMATION"). BAKER HUGHES RETAINS ALL
RIGHTS UNDER COPYRIGHT LAWS AND TRADE SECRET LAWS OF THE UNITED STATES OF AMERICA AND OTHER COUNTRIES. THE RECIPIENT FURTHER AGREES THAT THE DOCUMENT MAY NOT BE DISTRIBUTED, TRANSMITTED, COPIED OR REPRODUCED IN
WHOLE OR IN PART BY ANY MEANS ELECTRONIC MECHANICAL OR OTHERWISE WITHOUT THE EXPRESS PRIOR WRITTENCONSENT OF BAKER HUGHES ANDMAY NOT BE USEDDIRECTLY OR INDIRECTLY IN ANY WAY DETRIMENTAL TO BAKER HUGHES
CEO Power-Energy Conference
Martin Craighead President & CEO
5 September, 2012
2012Baker Hughes Incorporated All Rights Reserved
Forward-Looking Statements
Todays discussion may include forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and safe harbor provisions of
the Private Securities Litigation Reform Act of 1995, including, without limitation, the expectations, beliefs,
plans and objectives of Baker Hughes. Such statements relate to future events and expectations and involve
known and unknown risks and uncertainties. Our actual results or actions may differ materially from those
projected in these forward-looking statements. For a summary of the specific risk factors that could cause
results to differ materially from those expressed in the forward-looking statements, please refer to Baker
Hughes Annual Report on Form 10-K for the year ended December 31, 2011; Baker Hughes subsequent
quarterly report on Form 10-Q for the quarterly periods ended March 31, 2012 and J une 30, 2012; and those
set forth from time to time in our other filings with the Securities and Exchange Commission (the SEC),
which are available at the SECs website at www.sec.govand our website at www.bakerhughes.com/investor.
Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the
date hereof. We undertake no obligation to publicly update or revise any forward-looking statements.
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2012Baker Hughes Incorporated All Rights Reserved
North America Pressure Pumping PHASE I
3
Adjusted Workforce Utilization
Improved Supplier Terms
Developed Management Tools
2012Baker Hughes Incorporated All Rights Reserved
2012Baker Hughes Incorporated All Rights Reserved
North America Pressure Pumping PHASE II
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Continue Enhancing Fleet Optimization
Complete Infrastructure Build Out
Focused Application of Technology Investment
2012Baker Hughes Incorporated All Rights Reserved
2012Baker Hughes Incorporated All Rights Reserved
North America Outlook
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Other Product Lines Performing Well
Driving Efficiencies through Technology
Canada Rig Count Below Normal
2012Baker Hughes Incorporated All Rights Reserved
Deepwater
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Poised for Success in Lower Tertiary and Deep Miocene
Leveraging Technology Investments
Track Record of Reliability
2012Baker Hughes Incorporated All Rights Reserved
Priority Number ONE
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Return on Capital
2012Baker Hughes Incorporated All Rights Reserved 8