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| Hydril Company |
| 3300 North Sam Houston Parkway East, Houston, TX 77032 * (281) 449-2000 |
| Business Description | The Company is a worldwide leader in engineering, manufacturing and marketing premium tubular connections and pressure control products for oil and gas drilling and production. |
| Offering Information Company has | |||
| Trading As | HYDL (NASNTL) | Industry | Manufacturing (SIC 3533) |
| Type of Stock Offered | Common Shares | Filing Date | 6/9/00 |
| Domestic Shares Offered | 7,500,000 | Offer Date | 9/26/00 |
| Foreign Shares Offered | 0 | Filing Range | $16.00 - $18.00 |
| Company Shares | 2,323,932 | Offer Price | $17.00 |
| Selling Shrhldrs Shares | 5,176,068 | Gross Spread | $1.190 |
| Gross Proceeds | $127,500,000 | Selling | $0.720 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 29,202,972 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Salomon Smith Barney | Lead Manager | (212) 723-7300 |
| CS First Boston | Co-manager | (212) 325-2000 |
| Dain Rauscher Wessels | Co-manager | (612) 371-2818 |
| Simmons & Company | Co-manager | (713) 223-7840 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 3 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/95 | 12/31/96 | 12/31/97 | 12/31/98 | 12/31/99 | 3/31/99 | 3/31/00 |
| Revenues | 123.086 | 166.958 | 218.107 | 239.212 | 159.425 | 39.482 | 44.759 |
| Income from Oper. | 7.085 | 10.114 | 1.030 | -8.216 | -9.089 | 0.106 | 3.920 |
| Net Income | 5.169 | 8.811 | 12.320 | -14.500 | -7.237 | -0.013 | 1.857 |
| E.P.S | 0.270 | 0.450 | 0.640 | -0.750 | -0.370 | - | 0.100 |
| Revenue Growth (%) | 35.64 | 30.64 | 9.68 | -33.354 | 13.37 | ||
| Net Income Growth (%) | 70.46 | 39.83 | - | - | - | ||
| Oper. Profit Margin (%) | 5.76 | 6.06 | 0.47 | - | - | 8.76 | 0.27 |
| Net Profit Margin (%) | 4.20 | 5.28 | 5.65 | - | - | 4.15 | - |
| Cash Flow - Oper. | 10.18 | 3.80 | - | ||||
| Cash Flow - Inv. | 6.31 | 11.28 | - | ||||
| Cash Flow - Fin. | -12.06 | -8.93 | 1.11 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 3/31/00 | Financial Ratios | ||||
| Total Assets | 210.02 | Current Assets | 123.82 | Current Ratio | 3.17 |
| Total Liab. | 131.72 | Current Liab. | 39.03 | Debt Ratio | 62.72% |
| Total Equity | 78.30 | Working Cap. | 84.79 | Debt to Equity Ratio | 1.68 |
| Cash | 24.91 | Return on Assets | 0.88% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to expand our capacity to produce premium tubular connections in the United States and Canada and to upgrade machine tools that we use in the manufacturing of our pressure control products; to finance the continued development and commercialization of new, advanced technologies and products, including our subsea mudlift drilling technology and advanced composite tubing; and to provide working capital for the growth of our business. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Baker & Botts |
| Bank's Law Firm | Cravath, Swaine & Moore |
| Registrar/Transfer Agent | ChaseMellon Shareholder Services, L.L.C. |
| Auditor | Deloitte & Touche |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Seaver Institute, The | 29.00 | |
| Pepperdine University | 20.30 | 0.00 |
| Bank of America, N.A. | 12.50 | |
| Northern Trust of California | 11.60 | |
| Blanche Ebert Seaver Perpetual Trust | 11.60 | |
| Pomona College | 6.90 | |
| Note: represents ownership of 5% or more prior to the offering. | ||