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3DEXPERIENCE FORUM 2016

Donovan CampbellVP of IT & Best Practices

Confidential

Smart Solutions. Powerful Products.

Forum Energy TechnologiesThe Digital Transformation Journey

Company Overview

• Global provider of highly engineered products for energy sector• 3 segments with locations in US, CAN, UK, MEX, ME, SING, DE• $1BN in acquisitions in last 5 years

Example Products

Going up …

Boom!!

Oil: 2010 - 2014 Rig Count: 2010 - 2014

FET employees: ‘10-14FET Revenue: ‘10-14

~ 250,000 jobs added in USA ‘10 – 14

… And coming down

~ 350,000 lost jobs in USA ’14 - 16

Oil: 2014 - 2016 Rig Count: 2014 - 2016

FET employees: ‘14-16FET Revenue: ’14-16

Bust…

The Journey Starts

IPOEarly struggles as public company

Scalability is challenging

Problems

•Scrambling & reactive culture

•Individual heroes & tribal knowledge abound

•Complex products, 1980-something systems

•Late deliveries

•Quality issues

•Unhappy customers

Formed

Solution

•Formation of operations-led high-potential FUSION team

•Unification of traditional IT & FUSION team under operations leadership

•Site-by-site rollout approach

•Focus on establishing ERP centered architecture

FUSION Investment $

Vision: Scalable, Standardized, Unified Company

$/ba

rrel

of o

il

Manufacturing Platform

Current State: Consolidating Manufacturing & Reporting

Innovation Platform

BI Platform

WIPeCommerce

?

Vendor / Customer

Apps & Portals

?

WIP

CRM Platform

?Quality

Platform

?Example Enterprise Architecture

Planning

Scheduling

Manufacturing

Reporting & Compliance

Innovation Platform

3D Data in one platform

Future State: Building New Business Models

Driving customer efficiency with smart products Customer

apps

Products & parts in one platform

Making customer purchasing low friction eCommerce

platform

Field data analyzed and fed into model

Optimizing customer operations using field data Business

intelligence platform

Consolidated Innovation Platform Allows…