Exhibit 99.3



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Dresser-Rand 3Q05 Conference Call November 10, 2005

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Safe Harbor

Todays presentation includes forward looking statements that  involve risks.

Please refer to June 30, 2005, Form  10Q for details on factors that may  influence results.

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3Q05 Financial Results

| | Operating   Income of $36 million up 72% from prior quarter
|- | -----------------------------------------------------------
|  |                                                            
| | Net Income   of $10.4 million or $0.15 per share           

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YTD Bookings - First Nine Months ($ in Millions)

[CHART APPEARS HERE]

| | YTD bookings through   9/30/05:                                            
|- | ---------------------------------------------------------------------------
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| | 3Q05 New Unit bookings   down 16% vs. 3Q04 due to one large order last year

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Backlog by Segment($ in Millions)

[CHART APPEARS HERE]

| | Backlog of $873 million                   
|- | ------------------------------------------
|  |                                           
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| | New unit backlog up 65%   vs. last year   
|  |                                           
| | Aftermarket backlog up 11%   vs. last year

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3Q05 Highlights

| | Completed   IPO                                                           
|- | --------------------------------------------------------------------------
|  |                                                                           
| | Acquired   Tuthill Energy Systems assets and Multiphase Power & Processing
|  |                                                                           
| | Backlog of   $873 million, 49% higher than a year ago                     

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Third Quarter 2005 Results

|                    |  | $ in   Millions |       | EPS |  
|------------------- |  | --------------- | ----- | --- | -
|                    |  |                 |       |     |  
|Revenues            |  | $               | 309.8 |     |  
|Operating Income    |  |                 | 35.8  |     |  
|Margin              |  |                 | 11.6  | %   |  
|Interest Expense    |  |                 | (15.0 | )   |  
|Redemption Premium  |  |                 | (3.7  | )   |  
|Other expense, net  |  |                 | (1.0  | )   |  
|                    |  |                 |       |     |  
|Income before taxes |  | $               | 16.2  |     |  
|Provision for taxes |  |                 | 5.8   |     |  
|                    |  |                 |       |     |  
|Net Income          |  | $               | 10.4  |     | $
|                    |  |                 |       |     |  

Weighted average shares of 71,904,027 used to calculate EPS

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Operating Income($ in Millions)

[CHART APPEARS HERE]

| | Operating income improved   59%
|- | -------------------------------
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Sales by Segment($ in Millions)

[CHART APPEARS HERE]

| | Total sales increased 43%        
|- | ---------------------------------
|  |                                  
| | New Unit sales increased   89%   
|  |                                  
| | Aftermarket sales   increased 12%

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Operating Margins by Segment

[CHART APPEARS HERE]

| | Operating margins improved   in both segments:
|- | ----------------------------------------------
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Liquidity($ in Millions)

[CHART APPEARS HERE]

| | Maintained adequate   liquidity
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| | Achieved this while   having:  
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Long-term Debt($ in Millions)

[CHART APPEARS HERE]

| | Reduced debt $221 million                      
|- | -----------------------------------------------
|  |                                                
| | No required amortization                       
|  |                                                
| | Bank debt payable at any   time without penalty

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Integrating Tuthill Energy Systems

| | Integration   team working on five major areas
|- | ----------------------------------------------
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Outlook for 4Q05

| | Key changes   vs. 3Q05:
|- | -----------------------
|  |                        
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Summary

| | Strong 3Q05   and year-to-date financial performance
|- | ----------------------------------------------------
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| | Industry   fundamentals remain strong               
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| | Continuing   to execute our successful strategy     
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| | Positive   outlook for 4Q05 and 2006                

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