MICHAEL BAKER CORPORATION

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MICHAEL BAKER CORPORATION
2000 Annual Shareholders Meeting

• April 25, 2001

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Safe Harbor
This presentation will contain information
related to events which may occur in the future.
These forward-looking statements may include
future business trends, revenue and earnings
forecasts, and acquisition and corporate finance
activity. These statements are subject to
market, operating and other risks and
uncertainties and, as a result, actual results
may vary. Such forward-looking statements are
made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of
1995.
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Financial Review 2000
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Total Revenues
120.7
80.2
68.6
201.7
228.0
178.4
Energy
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Income from Operations
9.3
5.3
5.5
13.8
13.4
16.8
1998
1999
2000
Energy
(Pre-Corp. O/H and I/C Ins. Premiums)
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Operating Performance(in Thousands of )
5,471
Adjusted for 1 Million Non-Recurring Charge
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Balance Sheet(in millions of )
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Financial Review1st QTR 2001
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Total Revenues (1st QTR)
35.2
25.6
57.6
57.0
Energy
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Income from Operations (1st QTR)
2.1
1.2
2.8
2.2
Energy
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Operating Margins (1st QTR)
12
Share Price (Through 1st QTR)
9.50
4/24
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Operations Review
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Organization
Michael Baker Corporation Richard L.
Shaw Chairman of the Board Chief Executive Officer
Donald P. Fusilli, Jr. President and COO
Bill Mooney CFO
Jim McKnight CLO
Philip Shucet CRO
David Higie PR/IR
Engineering
Energy
John Swanson West
John Whiteford North
Jim Richards South
Michael Whitten
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Decade of Performance
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Global Reach
Headquarters
International Office
International Project
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Engineering
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Energy
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Shareholder Value

• Vision Be Paid for Content, Not Hours Billed
• Mission To Harness the Collective Knowledge of
  Our Employees in Order to Provide Solutions that
  Dramatically Increases Value for Our Clients, Our
  Company and Ourselves
• Strategy
• 1. Maximize Value of Energy
• 2. Focus Engineering on Performance
• 3. "Blur" the Segments
• 4. Invest in "Breakout" Initiatives

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Business Model
OPCOAsset Management Mega-Project Expertise
eOPSConsultancy High End - High Value Added
Service
TRANSACTION
Competency
DECISION MAKING
Quality
Content
Knowledge Management
Mobility
Execution
Discipline
FundamentalsMore of the Same,But Better
PRODUCT
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Maximize Energy ValueGrowth Engine
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OPCOSM
OPCO Integrated Decision-making in Production
Operations
Management
Operations
Maintenance
Network Growth
OPCO
Supply Chain Management
HSE
Production Operations Functions and Critical
Decisions
Human Resources
Training Development
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OPCOSM Value Drivers

• Penetrate Cost Floor
• More Efficient Use of Critical Resources
• Maintain HSE Excellence
• Cost Savings of 10-20
• Performance-based Contracts

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Our Domestic Market
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Our Domestic Market
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OPCOSM
Top Producers in the GOM
OPCO Total Operated Production
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Engineering PerformanceFundamentals
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Revenue and Growth
13 Growth
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Profitability
2000 Profit 6.3 1999 Profit 4.7
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Operational Strategy

• Optimize Current Service Lines and Project
  Delivery System
• Requires
• Financial Discipline
• Coordination / Communication
• Personal Accountability
• Common Engineering Strategy

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Operational Strategy

• Growth Markets
• Transportation
• Airports
• Construction Management
• Water
• Federal Sector
• Power

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Blur the Segments
OM
Alaska
Engineering Design
GIS Database --Facilities Management
Aberdeen
MAXIMO Implementation
OM
Nigeria
Environmental Assessmentand Design
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Invest in InitiativesBreakout
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eOPS

• Fully-Integrated, Operations and Maintenance
  System for Upstream Energy Industry
• Alliance
• Baker - Content
• SAIC - Technology, Telecom and Knowledge
  Management
• Deloitte - Planning, Strategy and Analysis
• Global Market - 160 Billion
• Benefits
• Shortened Cycle Time
• Improved Operating Performance
• Lower Cost of Operation
• Greater Asset Return

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Asset Management

• Asset Management Services for State Departments
  of Transportation
• Assets
• Highways
• Airports
• Rail/Transit
• Non-Physical Assets
• Services
• Asset Inventory
• Condition Assessment/Performance Modeling
• Alternatives Evaluation/Program Optimization
• Short/Long Range Plans
• Program Implementation
• Performance Monitoring

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bMAPS

• Asset Planning Solutions for Municipal
  Governments
• County, City, State, Public Authorities
• Problems
• Incomplete, Inaccurate, Incompatible and
  Inaccessible Maps, Diagrams, Files and Databases
• Solution
• Fully-Managed, Web-Based GIS Services -- By
  Project or Subscription
• Benefits
• Fully Managed
• Uniform Data
• Reduced Costs
• Better Accuracy
• Public Accessibility

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Conclusion
PASSIONCOMMITMENTCHANGESPEED
MAKE MONEY