1. CB&I Corporate Overview

2. CB&I Profile A leading technology and EPFC company Currently ranked number 3 among ENRs 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

3. Leadership Across Multiple Market Sectors CB&I Lummus Energy Processes (Oil/Gas/Power) Licensed Technology Steel Plate Structures

4. Fully-Integrated EPC Contractor EngineeringGlobal Procurement In-house Fabrication Mechanical InstallationOperator Training Start-up and Commissioning Licensed Technology Construction

5. Global Execution Capabilities Corporate Headquarters Administrative Headquarters

6. CB&I Operating Structure Steel Plate StructuresCB&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

7. Financials 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

8. Revenue, Backlog and Other Indicators Revenue, Backlog and Other Indicators

9. 2008 Revenue Geographic Breakdown Industry Segment Breakdown

10. CB&I Steel Structures and Fabrication

11. Strategically Located Fabrication Shops Everett San Luis Obispo Houston Tyler Beaumont Puerto Ordaz Clive Dammam Batangas

12. Steel Plate Fabrication Facilities 40 Acre site in Houston, Texas 220,000 ft 2 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

13. 74-acre site in Beaumont, Texas Facility includes: 287,000 ft 2 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

14. 25-acre site in Tyler, Texas Facility includes: Piping shop Structural shop Vessel shop Paint shop Sand blast facilities Modular Fabrication Facilities 18-acre site in Tyler, Texas Facility includes: 250,000 ft 2 under-roof Shop areas for: -Assembly -Warehousing -Production offices

15. 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

16. Metals and Mining Steel Plant Nickel Refining Alumina Plant Gold Refining

17. 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

18. Steel Elevated Water Storage Tanks

19. CB&I Specialty Steel Structures Claricones and Egg Shaped Digestors

20. CB&I Unique Steel Structures Large Cavitation Channel Tests Cavitation of Submarine Propellers Memphis, TN

21. CB&I Unique Steel Structures Wind Tunnel Aeronautical Applications Moffet Field, CA

22. CB&I Unique Steel Structures Floating Casino Field Fabricated Michigan City, IN

23. Power Industry -- Penstocks and HRSGs