CB&ICB&ICorporate OverviewCorporate Overview

CB&I ProfileCB&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 safe work practices

Leadership AcrossLeadership AcrossMultiple Market SectorsMultiple Market Sectors

CB&I LummusEnergy

Processes (Oil/Gas/Power)

LicensedTechnology

Steel Plate

Structures

Fully-Integrated EPC ContractorFully-Integrated EPC Contractor

Engineering Global Procurement

In-house Fabrication Mechanical Installation Operator Training

Start-up and Commissioning

Licensed Technology Construction

Global Execution CapabilitiesGlobal Execution Capabilities

Corporate HeadquartersAdministrative Headquarters

CB&I Operating StructureCB&I Operating Structure

Steel Plate Structures CB&I LummusLummus Technology

CB&I legacy capabilities plus acquisitions of Howe-Baker, PDM, U.S. Petrofac, John Brown Hydrocarbons and Lummus Global

Joint ventures: CDTECH and CLG

CB&I delivers services through the following operating sectors

FinancialsFinancials Conservative balance sheet Strong positive cash flow from operations Significant growth in new awards and backlog

Total Revenue - 31% CAGR

Acquired Resources

Howe Baker and PDM Acquisitions

John Brown and US Petrofac Acquisitions

Lummus Global Acquisitions

Revenue, Backlog and Other IndicatorsRevenue, Backlog and Other Indicators

2008 Revenue2008 Revenue

Geographic Breakdown

Industry Segment Breakdown

CB&I Steel Structures and Fabrication

Strategically Located Fabrication Shops

Everett

San Luis Obispo

Houston

Tyler

Beaumont

Puerto Ordaz

Clive

DammamBatangas

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

74-acre site in Beaumont, TexasFacility 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, TexasFacility includes:

Piping shop Structural shop Vessel shop Paint shop Sand blast facilities

Modular Fabrication Facilities

18-acre site in Tyler, TexasFacility 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

Steel Plant

Nickel Refining 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