The  Dril-Quip  Product Line Subsea and Surface Products Offshore Rig Equipment Services Western Hemisphere Eastern Hemisphere  Forward-Looking Statements Asia-Pacific Dril-Quip  2014 Annual Report 1 Statements contained in this Annual Report relating to future  operations, financial results and business plans are forward-looking  statements that are based upon certain assumptions and analysis  made by the management of the Company in light of its experience  and perception of historical trends, current conditions, expected  developments and other factors. These statements are subject  to risks beyond the Company’s control, including the factors  detailed in the Company’s Annual Report on Form 10-K enclosed  herewith. Investors are cautioned that any such statements are not  guarantees of future performance and actual outcomes may vary  materially from those indicated. Forward-looking statements speak  only as of the date they are made, and the Company assumes no  obligation to update such information. The Eastern Hemisphere headquarters, located in Ab- erdeen, Scotland, and its regional facilities (Norway,  Denmark, The Netherlands, Egypt, Ghana and Nige - ria) service offshore markets in the North Sea, Iceland,  Greenland, Africa and the Mediterranean. The Asia-Pacific headquarters, located in Singapore,  and its regional facilities (Australia, Malaysia, India,  Indonesia, Qatar and China) service offshore markets  in the Asia-Pacific Rim, India, Australia, China and the  Middle East. Dril-Quip’s  Houston facility operates as the Corporate  Headquarters for the Company and as the Western  Hemisphere regional headquarters, serving the offshore  areas of North and South America.  Dril-Quip  offers aftermarket services that  include field technical advisory services,  repair and reconditioning of its cus- tomer-owned products, and rental and  refurbishment of running tools used for  installation and retrieval of its products. Dril-Quip  operations are divided into three geographical  regions that supply equipment and services to offshore  oilfields through a network of manufacturing, sales and  service offices, and sales representatives strategically  located throughout the world:  Dril-Quip  provides diverter systems and  offshore drilling riser systems (includ- ing telescopic joint, flex joint, riser fillup  joint, booster joint and rig floor handling  equipment), and all associated running,  handling and testing tools, along with  wellhead/lower marine riser connection  systems used with the BOP stack. Dril-Quip  is recognized for its full range of innovative  drilling and production products that can be utilized to  provide total solutions for offshore field developments. Headquartered in Houston, Texas,  Dril-Quip  has manu- facturing facilities in the United States, Brazil, Scotland  and Singapore. The Company also has sales and service  offices in numerous locations throughout the world.  Dril-Quip’s  manufacturing operations are vertically inte- grated, with the Company performing essentially all of  its forging, heat treating, machining, fabrication, inspec- tion, assembly and testing at its own facilities. The Com- pany has developed its broad line of subsea, surface  and offshore rig equipment primarily through internal  product development efforts. Dril-Quip  provides components that are  used in the process of drilling a well,  including subsea and surface wellheads,  mudline suspension equipment, liner  hangers and large diameter specialty  casing connectors for surface and sub- sea applications offshore. Completion  equipment and systems for development  wells include subsea and surface trees,  templates, manifolds, flowline connection  systems, tie-back connectors, production  riser and tensioning systems, and control systems. The Company designs and manufactures subsea, surface  and offshore rig equipment for use by oil and gas com- panies and drilling contractors in offshore areas through- out the world.  Dril-Quip  also provides technical advisory  services, reconditioning services and running tools for use in connection with the installation and retrieval of its products. Dril-Quip,  Inc. is one of the world’s leading manufacturers  of offshore drilling and production equipment that is well  suited for use in deepwater applications. Company Profile