Severe Service: Control
Control of steam flow through a turbine in a power station
Control of gas flow through a gas processing plant
Severe Service: Isolation
Emergency shutdown of gas flow into a LNG plant
Shut-off of gas flow in a high integrity pressure protection
system (HIPPS)
Severe Service: Characteristics
• High pressure drop
• High velocity flow control
• Extreme temperatures/cryogenics
• Fine control requirements
• Tight shut-off
• Corrosive/erosive environments
• Nuclear applications
• Operational reliability
• Safety critical/emergency shutdown
• An engineered solution incorporating high levels of performance and reliability
Cost of failure is many times the cost of the solution
Severe Service – Top of the Pyramid
General Service
Applications and
Technologies
Severe ServiceApplications andTechnologies
~$22bn
~$3bn
Source: McIlvaine, PMSI, ARC, IMI estimates – Oil/Gas, Power and Petrochem only – excludes Service
Strong growth orientation with potential for strategic development
CCI Today
• Leader in severe service solutions
• Serving major customers in the global energy and power markets
• Over 2,000 dedicated employees worldwide
• Global manufacturing, sales and support capability
• Emerging market focus
• Unrivalled reputation for aftermarket support
• Experienced and talented management team
• Heroically, customer focused culture
Control Components Inc., our journey…
2003Fluid Kineticsand Herion
Valves
IMI Severe Service
1961Founded
1967CCI Patents theDRAG® valve
1971B&W
acquires CCI
1979Bailey Valves
1981IMI
acquires CCI
1992Dikkers nuclear
valves
1997Sulzer valves
2001BTG valves
2002STI
2006Truflo
2005ABB Japan Control
Valves; 100% of CCI Korea; Shanghai CCI
JV formed
2010???
Foundations of our success …The Valve Doctor®
CCI Valve Doctors
• Our best engineering talent
• Strong application knowledge
• Great, personal customer relationships
• Keep us “ahead of the game” in terms of innovation and technology
• Focus on results for the end-user – “Plant Betterment”
• Our most experienced valve engineers:
– 40 Valve Doctors
– 9 countries
– >600 years combined experience
Foundations of our success …Proven technology• Track record of solving severe service problems in over 4,500 plants
worldwide
• Recognized as the leader in custom engineered solutions
• Focus on engineering leadership and innovation
IMI Severe Service: Competitive landscape
#1 or #2 in markets we serve
Power Oil and Gas
Severe Service: Control
Power/O&G* Nuclear
Severe Service: Isolation
* Tri-X technology
Growth Strategy: Severe Service Solutions
Valves Actuation Control
From product provider to system integrator
Severe Service Solutions
Increasing end-user influence
CCI ‘Core Strategic’ 2010 Priorities
• Leveraging existing markets• Adjacent market penetration• Investment in emerging markets • Acquisition & Commercial Integration
• Global supply chain• Low cost procurement• Reduce product complexity• Lean Manufacturing
GROW
Simplify
Execute
WorldClassTalent
• Key Performance Indicator driven• Project Management as a core function• Risk Review Process
• Human Resources Review• CCI Leadership Guide & Training• Recognition for Performance
Control Components – In summary
• Excellent IMI platform business
• Positioned for profitable growth
• Exposure to buoyant, global energy markets
• Direct relationship with the partners, customers and end-users
• Significant recurring aftermarket and service revenues
• Strategic development potential
• High proprietary, engineering content
• Experienced, committed and talented team
Delivering on our commitments; developing the business