Smart Solutions. Powerful Products.Smart Solutions. Powerful Products.

Forum Energy Technologies

Smart Solutions. Powerful Products. Confidential

Forward Looking Statements

The statements made during this presentation, including the answers to your questions, include

information that the Company believes to be forward-looking statements within the meaning of

the Private Securities Litigation Reform Act. Forward-looking statements involve risk and

uncertainties that may cause actual results or events to differ materially from those expressed

or implied in such statements. Those risks include, among other things, matters that the

Company has described in its earnings release and in its filings with the Securities and

Exchange Commission. The Company does not undertake any ongoing obligation, other than

that imposed by law, to publicly update or revise any forward-looking statements to reflect

future events, information, or circumstances that arise after this presentation. In addition, this

presentation contains time sensitive information that reflects management's best judgment only

as of the date of this presentation. This presentation may contain Non-GAAP financial

measures. A reconciliation to the most directly comparable GAAP measure is included in the

appendix to this presentation. A copy of this presentation will be available on our website at

www.f-e-t.com for 30 days following the conference.

2

Global oilfield, manufactured products and equipment company

Leveraged to attractive secular trends

‒ Deepwater / Subsea

‒ Drilling / Well Complexity

‒ Production / Completion / Service Intensity

Develop strong brands and market position

High percentage of revenue from activity-based, consumable products

Disciplined growth across breadth of product offerings

Forum Energy TechnologiesStrategy Themes

3

Subsea Construction

& Development

Subsea Construction

& Development

Well Construction & Completion

Production

Infrastructure

Stimulation & Intervention

Drilling

4

Markets and Key CustomersFull cycle exposure – subsea, drilling, completion, production

Business Drivers

35% Well count

‒ Multi-well surface production systems, shift to liquid / oil basins

‒ Fracturing longer laterals and more stages, pressure pumping consumables, coil tubing

‒ Well integrity, injection lines / artificial lift protection systems

30% Rig count

‒ Rig upgrade and replacement

‒ Drilling intensity (wells per rig) - tubular handling, pumps, parts & consumables

20% Subsea activity

‒ Deep water rigs, subsea equipment orders, construction / installation awards

15% Infrastructure expansion

‒ Midstream transmission, pipelines, petrochemical, heavy oil sands

‒ Broad valve offering

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High percentage of revenue from activity-based, consumable products

Products consumed or worn out during the well construction and completion process, or related to the ongoing operation of large energy transmission and processing infrastructure

Purchases often associated with our customers’ operating expense budgets

DownholeTechnologies

Valve Solutions

FlowEquipment

DrillingTechnologies

Subsea Technologies

Production Equipment

Capital Equipment Orientation

Consumable Products Orientation

Mix of Consumables & Capital Equipment

Percent of 2012 Revenue – Purchase Cycle

ConsumableParts &

Aftermarket54%

CapitalProducts &Equipment

42%

Rental2%

Other2%

6

Weighted Towards ConsumablesActivity-based revenue drivers

Revenue enhancements across our product lines

‒ Market share gains

‒ International and offshore expansion

‒ New product commercialization

Margin improvements

‒ Manufacturing process and efficiency

‒ Distribution channel

‒ Supply chain

Complementary acquisition program

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Drivers of Financial PerformanceFocused on organic growth prospects

2012 acquisitions integration‒ Syntech, Dynacon and Wireline Solutions all performing well‒ Merrimac move to new Plantersville, TX facility, leveraging sales networks

$40 million capacity expansions‒ Broussard Drilling facility‒ Dynacon subsea LARS facility‒ Davis-Lynch distribution facility‒ Production Equipment robotics and plant expansion

2013 acquisitions‒ Blohm + Voss Oil Tools‒ Global Tubing (JV with Quantum Energy Partners)‒ Moffat

Focus on integration and cost alignment

High Yield bond offering

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Recent Developments

Blohm + Voss Oil ToolsPipe Handling Equipment

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Power Slips

Tongs

Floorhands

Blohm + Voss Oil ToolsPipe Handling Equipment

10

Investment Highlights Revenue – Onshore / Offshore

US Onshore

International Onshore

US Offshore

International Offshore

Leverage to international and offshore growth

Strong brand recognition

Strengthens market position

Strengthens pipe handling offering

Growth through existing sales, distribution and service channels

Global Tubing JVCoiled Tubing Products

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Global Tubing JVCoiled Tubing Products

12

Revenue by Region

US & Canada

EuropeLatin America

Asia

Africa /Middle East

Exposure to increasing well complexity and horizontal well completions

100% consumable products

Strong brand and #3 market position

Significant international opportunity

Investment Highlights

MoffatPIG Launching & Receiving Systems and Subsea Connectors

13

MoffatPIG Launching & Receiving Systems and Subsea Connectors

14

Revenue by Region

EuropeAfrica / Middle East

Asia /Pacific

North & South America Leveraged to deepwater and subsea activity

International exposure

Strong brand and market position

Expands offering to our existing customers

Investment Highlights

Focused Acquisition Strategy

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Global oilfield, manufactured products

Leveraged to attractive secular growth trends

Strong brand and market position

High percentage of activity‐based, consumable products

High Growth

International Expansion

3nd Quarter 2013 Results (unaudited)($ Millions)

Quarterly Revenue & Adjusted EBITDA Margin %

$330 $373 $368 $390

15.7%16.9% 17.3%

20.3%

0%

5%

10%

15%

20%

25%

$0

$50

$100

$150

$200

$250

$300

$350

$400

$450

$500

4Q 2012 1Q 2013 2Q 2013 3Q 2013

EB

ITD

A M

argi

n %

Rev

enue

Note: EBITDA is a non-GAAP financial measure. See reconciliation of EBITDA to Net Income in the appendix. 16

CapitalizationStrong balance sheet to support growth initiatives

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$300 million of senior unsecured notes due 2021

$120 million free cash flow YTD Sept. 30, 2013

Total Net Capitalization ($millions) Sept. 30, 2013Debt$600mm Revolver, Oct 2016 $244$300mm Term Loan, Oct 2016 285Other debt (cap leases, etc.) 2

Total Debt $531Shareholders Equity 1,284

Total Capitalization $1,812Less: Cash on hand 28

Total Net Capitalization $1,784

Common Shares Outstanding (mm) 93

Credit StatisticsNet Debt $503Net Capitalization Ratio 28%Net Debt / TTM EBITDA PF 1.9x

Global oilfield, manufactured products and equipment company

Leveraged to attractive secular trends

‒ Deepwater / Subsea

‒ Drilling / Well Complexity

‒ Production / Completion / Service Intensity

Develop strong brands and market position

High percentage of revenue from activity-based, consumable products

Disciplined growth across breadth of product offerings

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SummaryLarge cap capabilities, small cap growth

Smart Solutions. Powerful Products.Smart Solutions. Powerful Products.

Questions?

Smart Solutions. Powerful Products.Smart Solutions. Powerful Products.

Appendix

Rescue SubmarineVMAX™ Simulation Station

Sources of RevenueAs a percent of 2012 sales

Purchase Cycle

Well Cycle Land / Offshore

Geography

UnitedStates63%

EuropeAfrica14%

Canada8%

Asia Pacific7%

Latin America4% Middle East

4%

ConsumableParts &

Aftermarket54%

CapitalProducts &Equipment

42%

Rental2%

Other2%

Subsea18%

Drilling30%

WellConstruction& Completion

10%

Stimulation &Intervention

11%

Production16%

Infrastructure15%

Land76%

Offshore24%

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ROV Components

Drilling & Subsea DivisionSubsea Technologies

Launch & Recovery Systems

Tether Management

Systems

Largest range of ROVs in industry

Perry™ and Sub-Atlantic™

ROV Technology

VMax™ Simulation Systems

Source: Quest Offshore

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 ‐

 200

 400

 600

 800

 $‐

 $5,000

 $10,000

 $15,000

 $20,000

No. of Sub

sea Tree

 Startup

s

CAPE

X ($MM)

Subsea Trees Tree Control Pkg Manifolds SPUs No. of Subsea Trees

Subsea Capex ($MM) & Subsea Tree Start‐ups

Subsea TechnologiesDeployment of the T-1200 Trencher

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Drilling & Subsea DivisionDrilling Technologies

XL Backsaver

P-Quip™ mud pump liner retention system

1,000 ton hydraulic elevator

125 ton air spider

Casing slip

Drill pipe float valve

Mousehole tool

Wrangler™ Roughneck

Wrangler™ Catwalk

AMC™ torque machinesOffline Activity CraneMerrimac

Mud Pump Fluid End

Coiled Tubing BOP

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Drilling Consumable Product SuiteMission Critical Drilling Capital Equipment

Davis-Lynch™ Casing & Cementing Technology

Drilling & Subsea DivisionDownhole Technologies

1) Spears & Associates – 2012 “Oilfield Market Report,” casing hardware market by revenue.

Weatherford39%

Halliburton17%

Forum (Davis-Lynch)

11%

Top-Co8%

Frank's Casing

3%

Varel3% Others

19%

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Downhole Completion ToolsCannon™ Protection Systems Wireline Composite Frac Plugs

Trusted Name in a Consolidated Market1

Production & Infrastructure DivisionProduction Equipment

Exco Production Skid – Haynesville

Chevron Modular Facility - Permian SWN Compressor - Fayetteville

Seneca Resources Gas Production Unit - Marcellus

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Production EquipmentMulti-well production equipment battery for Chevron

Heater Treater

Well Manifold

Production Separator Gas

Scrubber

Test Separators 

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Two piece trunnion valves for the shale markets

Production & Infrastructure DivisionValve Solutions

Specified ball valve of choice for the US Strategic Petroleum Reserve

Preferred valve supplier to leading Canadian oil sands producers28

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Production & Infrastructure DivisionFlow Equipment

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Cris Gaut, FET Chairman & CEO‒ President (Drilling & Evaluation) and

CFO – Halliburton‒ ENSCO

Franklin Myers‒ Chief Financial Officer, Cameron‒ General Counsel, Baker Hughes

Evelyn Angelle, Halliburton ‒ Chief Accounting Officer,

Halliburton‒ Ernst & Young

Terence O’Toole, Tinicum‒ Managing Member, Tinicum

Partnership‒ Goldman, Sachs & Co.

David Baldwin, SCF Partners‒ Managing Director, SCF Partners‒ Union Pacific Drilling

Louis A. Raspino‒ President & CEO, Pride International‒ Sr VP & CFO, Grant Prideco

John A. Carrig‒ President & COO, ConocoPhillips‒ Chief Financial Officer, Conoco

Phillips

John Schmitz, Select Energy Services‒ Chairman & CEO, Select Energy

Services‒ HEP Oil Company

Mike McShane, Advent International‒ President & CEO, Grant Prideco‒ BJ Services Company

Andrew L. Waite, SCF Partners‒ Managing Director, SCF Partners‒ Simmons & Company‒ Royal Dutch Shell

Board of Directors

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Reconciliation of Non-GAAP Measures

31

Forum Energy Technologies, Inc.Reconciliation of GAAP to non‐GAAP financial information

(Unaudited)

Three Months Ended($ millions) December 31, March 31, June 30, September 30,EBITDA Reconciliation 2012 2013 2013 2013

Net Income attributable to common stockholders $23.9  $31.9  $29.9  $33.2 Interest expense 3.4  3.4  3.1  4.4 Depreciation and amortization 13.7  13.9  14.4  15.7 Income tax expense 10.1  15.4  13.1  13.9 Severance ‐ ‐ ‐ 4.3 Facility closures ‐ ‐ ‐ 2.2 Deferred loan costs written off ‐ ‐ ‐ 2.1 Transaction expenses ‐ ‐ 1.8  1.1 Loss (gain) on foreign exchange 0.7  (1.4) 1.2  2.4 Adjusted EBITDA $51.8  $63.2  $63.5  $79.3 

Non-GAAP Measures

This presentation contains “non-GAAP financial measures” as defined in Item 10 of Regulation S-K of the

Securities Exchange Act of 1934. The non-GAAP financial measures reflect earnings before interest, taxes,

depreciation and amortization expense (“EBITDA”). A reconciliation of EBITDA to the most directly

comparable financial measures calculated and presented in accordance with Generally Accepted

Accounting Principles in the United States (“GAAP”) is included in the appendix of this presentation. The

Company believes the presentation of EBITDA is useful to the Company's investors because EBITDA is an

appropriate measure of evaluating the Company's operating performance and liquidity that reflects the

resources available for strategic opportunities including, among others, investing in the business,

strengthening the balance sheet, repurchasing the Company's securities and making strategic acquisitions.

In addition, EBITDA is a widely used benchmark in the investment community.

The presentation of this additional information is not meant to be considered in isolation or as a substitute

for the Company's financial results prepared in accordance with GAAP.

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