CB&I Corporate Overview CB&I Profile A leading technology and EPFC company Currently ranked number 3 among ENR’s Top 25 Contractors, Petroleum 2008 revenue of nearly $6 billion with backlog today in excess of $5 billion More than 19,000 employees worldwide Focused on the global energy market offering a full scope of services Total company commitment to work practices safe Leadership Across Multiple Market Sectors Licensed Technology CB&I Lummus Energy Processes (Oil/Gas/Power) Steel Plate Structures Fully-Integrated EPC Contractor Licensed Technology In-house Fabrication Engineering Mechanical Installation Global Procurement Construction Operator Training Start-up and Commissioning Global Execution Capabilities Corporate Headquarters Administrative Headquarters CB&I Operating Structure CB&I delivers services through the following operating sectors Lummus Technology Steel Plate Structures CB&I Lummus CB&I legacy capabilities plus acquisitions of Howe-Baker, PDM, U.S. Petrofac, John Brown Hydrocarbons and Lummus Global Joint ventures: CDTECH and CLG Financials Conservative balance sheet Strong positive cash flow from operations Significant growth in new awards and backlog Total Revenue - 31% CAGR Lummus Global Acquisitions John Brown and US Petrofac Acquisitions Howe Baker and PDM Acquisitions Acquired Resources Revenue, Backlog and Other Indicators 2008 Revenue Geographic Breakdown Industry Segment Breakdown CB&I Steel Structures and Fabrication Strategically Located Fabrication Shops Everett Clive San Luis Obispo Tyler Houston Beaumont Dammam Puerto Ordaz Batangas Steel Plate Fabrication Facilities 40 Acre site in Houston, Texas 220,000 ft2 under roof facility includes: – Four hydraulic forming presses for up to 4” thick plates – Three plate rolls – Two gantry burners – One press brake – One plate shear – Post weld heat treating – Blasting and painting Modular Fabrication Facilities 74-acre site in Beaumont, Texas Facility includes: 287,000 ft2 under-roof Co-locates engineering and fabrication Deep water and highway access Shop space for: - Fabrication - Assembly - Piping - Sand blasting and painting Island Park facility in Beaumont, TX Modular Fabrication Facilities 25-acre site in Tyler, Texas Facility includes: Piping shop Structural shop Vessel shop Paint shop Sand blast facilities 18-acre site in Tyler, Texas Facility includes: 250,000 ft2 under-roof Shop areas for: - Assembly - Warehousing - Production offices Aboveground Steel Storage Tanks Flat bottom tanks for ambient temperature storage Import terminals for crude and refined products Products storage temperatures from -270° F to more than 500° F Metals and Mining Nickel Refining Steel Plant Alumina Plant Gold Refining Hortonsphere Pressure Vessels Hundreds of field erected pressure vessels Sizes have ranged to 50 feet in diameter and more than 300 feet tall Designed and erected over 3,500 Hortonsphere® Pressure Vessels: – Liquid Storage – Ambient temperature liquid storage – Low temperature liquids storage – Cryogenic temperature liquid storage – Gas storage Steel Elevated Water Storage Tanks CB&I Specialty Steel Structures Claricones and Egg Shaped Digestors CB&I Unique Steel Structures Large Cavitation Channel Tests Cavitation of Submarine Propellers Memphis, TN CB&I Unique Steel Structures Wind Tunnel Aeronautical Applications Moffet Field, CA CB&I Unique Steel Structures Floating Casino Field Fabricated Michigan City, IN Power Industry -- Penstocks and HRSGs