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Welcome to Dresser-Rand RIT Project Kick-off Mtg

September 2009

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Company Overview

Revenue By Segment

Year Ended 12/31/08

Revenue By Geography

Year Ended 12/31/08

Revenue By End Market

Year Ended 12/31/08

55% 45%

New Units

Aftermarket

Parts and

Services

41%

Asia Pacific

12%

North

America

11%

Latin

America

25%

Europe

11%Middle East/

Africa32%

Other

17%

Gas Transmission

9%Oil & Gas

Production

31%

Refining

11%Chemical

$2,195 million in revenues in 2008, with 91 percent

derived from energy infrastructure spending (primarily oil

and gas)

Leading provider of rotating equipment and largest

installed base in the world in our class of products

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Value Proposition

Makes our clients more competitive in their markets

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Olean Operations Today

Houston, TX

Product ServicesManufacturing

OperationsOrder Capture

Field Operations

Field Services

950 employees

970,000 square feet

(90,000 square meters)

Products:

Multistage & pipeline

centrifugal

compressors

Axial compressors

Power turbines for

gas turbine packages

Hot gas expanders

Service / parts

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Olean Campus

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Olean - Plant 2

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Vectra Area

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Olean Products

VECTRA® Gas Turbine Package

Modular power turbine

Models 30G, 40G, 40G4

31,540 HP to 45,964 HP

(23519 kW to 34275 kW)

Speed of 6,200 RPM

Used in oil and gas, and

power generation markets

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Project Areas to be Addressed:

Build-out of 990 test floor into VECTRA Assembly

stations (2) and potentially VECTRA Test

Lean Transformation Sub-Projects:

Stock layout in assembly cells

Part kitting and staging for assembly

Bearing and seal subassembly

Bundle assembly

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Safety Guidelines

If you are touring our manufacturing areas, you need

to have the proper personal protective equipment:

Red Tour – You must remain within the designated

red aisles

Gray Tour – You can venture outside of the

designated red aisles

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RED TOUR – You must remain in designated red aisles

Safety

GlassesHearing protection in high noise areas

(designated by a flashing light)

REQUIRED

NOT

PERMITTED

Never walk under a

suspended load

Never assume fork

truck driver sees you

High heeled or open

backed shoes