Kbr, Inc. · NYSE:KBR
Kbr — Investor Day (March 2021)
87 slides from Kbr's investor day presentation, Mar 25, 2021
Slide 1: 2021 Investor Relations Event
2 0 2 1 I N V E S T O R R E L AT I O N S E V E N T
Slide 2: Forward-Looking Statement
FORWARD-LOOKING STATEMENT This presentation contains forward-looking statements regarding our plans, objectives, goals, strategies, future events, future financial performance and backlog information and other information that is not historical. When used in this presentation, the words “estimates,”
Slide 3: Agenda
AGENDA > ESG: Going beyond > Strategy and growth engines > Our people-centered culture > Financial growth outlook D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E W O R L D. D. .
Slide 4: Delivering Solutions, Changing the World
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .
Slide 5: Stuart Bradie, President and CEO
// Stuart Bradie President and Chief Executive Officer D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D . D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E WO R LD.
Slide 6: ESG themes
RECYCLE/ HEALTH SAFETY REUSE & SECURITY EFFICIENT GOVERNANCE ENERGY SUSTAINABLE INCLUSION & TRAVEL DIVERSITY SUPPLY COMMUNITY PARTNERS ENGAGEMENT CLIMATE RISK CHANGE MANAGEMENT D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .
Slide 7: Driven by a Commitment to ESG
DRIVEN BY A COMMITMENT TO ESG Committed to net-zero Helping customers emissions by 2030 advance their ESG goals Achieved carbon Tying executive compensation neutrality in 2019 to ESG objectives D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .
Slide 8: Key Themes
KEY THEMES > Advancing our ESG strategy > Momentum with market megatrends > The People of KBR > KBR 2025 >$8B >$800M $3B $4.00 to $6.00 Revenue Adj. EBITDA Aggregate Adj. EPS 2025 2025 deployable 2025 capital D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E W O R L D. D.
Slide 9: We deliver science, technology and engineering solutions
We deliver science, technology and engineering solutions to governments and companies around the world. D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D . D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E WO R LD.
Slide 10: KBR's Evolution by the Numbers
KBR’S EVOLUTION BY THE NUMBERS WHERE WE WERE WHERE WE ARE WHERE WE’RE GOING Sustainable Defense & > $8B Technology Intel KBR Revenue Progression Sustainable Technology $6B KBR 2021 revenue GS Int’l ~$6B profile STS Pass-thru1 Science & Sustainable Government Readiness & Space $5B Technology Sustainm
Slide 11: Reimagining How We Deliver – in 2020
REIMAGINING HOW WE DELIVER – IN 2020 Evolution to two-segment Centauri a cquisition, a n a t-scale Sustainable Technology, model organized into five businesses intel a nd mil space leader a n exciting g rowth driver GS Defense & Intel GS Science & Space GS Readiness & Sustainment GS International Su
Slide 12: KBR's Strategic Value Creation Model
KBR’S STRATEGIC VALUE CREATION MODEL ATTRACTIVE, RESILIENT BUSINESS MODEL INVESTMENT THESIS Future focused, upmarket Attractive growth and THE PEOPLE OF KBR profitability outlook Innovative, digitally enabled, ADVANCE OUR STRATEGY differentiated solutions Healthy margins Connected and coll
Slide 13: Well-positioned upmarket government solutions business
Today, we are a well-positioned, upmarket government solutions business with a sustainable technology kicker! D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D . D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E WO R LD.
Slide 14: Formula for Growth
FORMULA FOR GROWTH EXCITING OPS-FOCUSED, $4.00 to $6.00 GROWTH LONG-DURATION, ADJ. EPS in 2025 ACCELERATORS MISSION-CRITICAL BOOK OF BUSINESS 15% to 20% Adj. EPS CAGR 2021-2025 Exciting growth engines, resilient business model and strong tailwinds underpin growth outlook. D E L I V E R I N G S OL U
Slide 15: Growth Accelerators: Market Megatrends
GROWTH ACCELERATORS M A R K E T M E G AT R E N D S National security and defense priorities Near-peer threats Climate change Reduction in carbon emissions Digitalization, modernization, automation Future-forward areas of rapid change with a proven need for technology — all areas in which KBR is oper
Slide 16: Advancing Our Strategy: KBR Growth Engines
A D VA N C I N G O U R S T R AT E GY KBR GROWTH ENGINES D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E WO R LD.
Slide 17: Growth Engine
GROWTH ENGINE D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .
Slide 18: Our Growth Engines
OUR GROWTH ENGINES S PAC E S UPERIO RIT Y C Y B ER AN ALY T ICS S USTAIN AB LE T EC H N O LOGY Byron Bright Robert Thomas Doug Kelly PRESIDENT, GOVERNMENT SOLUTIONS VICE PRESIDENT, INTEL & CYBER ANALYTICS PRESIDENT, SUSTAINABLE TECHNOLOGY D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E
Slide 19: Space Superiority
SPACE SUPERIORITY > Growing Demand in Space > KBR Expertise – Defining the Future of Space > Making a Difference, Accelerating Growth D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E W O R L D. D.
Slide 20: Themes Driving Growth: Space Superiority
THEMES DRIVING GROWTH S PAC E S U P E R I O R I T Y Collaboration: Convergence of defense, intelligence, civil and commercial “ We have acknowledged that Space is a warfighting domain similar to air, land, and sea. Now we must organize and develop the joint force Speed: Rapid capability developm
Slide 21: Leveraging Capabilities Across a Broad Set of Clients
LEVERAGING CAPABILITIES ACROSS S PAC E S U P E R I O R I T Y A BROAD SET OF CLIENTS INTELLIGENCE DEFENSE FEDERAL-CIVILIAN NRO NGA Space Force SMDC NASA NOAA DIA NASIC SMC AFRL FAA D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .
Slide 22: Our Space Superiority Business Model
OUR SPACE SUPERIORITY S PAC E S U P E R I O R I T Y BUSINESS MODEL Broad, fundamental, mission-critical capabilities where one technical area Expertise feeds growth into the next Innovation Technology D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .
Slide 23: Defining the Future of Space
DEFINING THE FUTURE OF SPACE S PAC E S U P E R I O R I T Y KBR expertise in action Mission Planning and Digital Systems Engineering Designing and conducting missions in virtual environments to optimize development speed and use of resources Space Domain Awareness End-to-end solutions for tracking an
Slide 24: Space Superiority: We're Making a Difference
SPACE SUPERIORITY We’re making a difference EXPANDING HUMAN PROTECTING AND COMBATING KNOWLEDGE ENHANCING SPACE ASSETS CLIMATE CHANGE DELIVERED DOUBLE-DIGIT 12% 23% LEVERAGING CROSS-PLATFORM CAPABILITIES GROWTH IN 2020 Science & Space Defense & Intel TO DRIVE ABOVE-MARKET GROWTH D E L I V E R I N G S
Slide 25: Our Growth Engines
OUR GROWTH ENGINES S PAC E S UPERIO RIT Y C Y B ER AN ALY T ICS S USTAIN AB LE T EC H N O LOGY Byron Bright Robert Thomas Doug Kelly PRESIDENT, GOVERNMENT SOLUTIONS VICE PRESIDENT, INTEL & CYBER ANALYTICS PRESIDENT, SUSTAINABLE TECHNOLOGY D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E
Slide 26: Cyber Analytics
CYBER ANALYTICS > Cyber is pervasive and KBR is leveraging synergies across the entire cyber analytics domain to drive growth. D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E W O R L D. D. .
Slide 27: Protecting Against Cyber Threats
PROTECTING AGAINST CYBER THREATS C Y B E R A N A LY T I C S Cyber evolution – An “All Society” threat Customer Priorities Secure Supply Chain Security Critical Infrastructure Protection Cyber Spectrum Dominance Non-Kinetic Operations ~$15B Addressable Market D E L I V E R I N G S OL U T I O
Slide 28: KBR's View of Cyber Analytics
KBR’S VIEW OF CYBER ANALYTICS C Y B E R A N A LY T I C S Key differentiators High-end domain expertise Cross-functional technical teams Operational expertise Integration and sustainment Transition Hands-on training Operating across the entire cyber analytics pyramid Nationally recognized
Slide 29: Defining the Future of Cyber
DEFINING THE FUTURE OF CYBER C Y B E R A N A LY T I C S KBR expertise in action Secure Supply Chain Developing trusted chipsets, identifying compromised devices and establishing engineering standards Positioning, Navigation and Timing Creating technologies that feed into the next generation of globa
Slide 30: Cyber Analytics: We're Making a Difference
CYBER ANALYTICS We’re making a difference DEVELOPING CYBER TOOLS PROTECTING CRITICAL DELIVERING ADVANCED TO ENSURE THE INTEGRITY INFRASTRUCTURE VITAL TO THE NON-KINETIC CYBER OF KNOWLEDGE SAFETY AND PROSPERITY OF SOCIETY CAPABILITIES CYBER DEMAND IS EMBEDDED ACROSS LEVERAGING SYNERGIES TO DRIVE ALL
Slide 31: Our Growth Engines
OUR GROWTH ENGINES S PAC E S UPERIO RIT Y C Y B ER AN ALY T ICS S USTAIN AB LE T EC H N O LOGY Byron Bright Robert Thomas Doug Kelly PRESIDENT, GOVERNMENT SOLUTIONS VICE PRESIDENT, INTEL & CYBER ANALYTICS PRESIDENT, SUSTAINABLE TECHNOLOGY D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E
Slide 32: Sustainable Technology Solutions: A Clean, Green Future
S U S TA I N A B L E T E C H N O L O G Y S O LU T I O N S : A CLEAN, GREEN FUTURE > Growing Demand for Ammonia > Harnessing the Power of Digital > Enabling the Plastics Circular Economy D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E W O R L D. D.
Slide 33: Ammonia: Enabling Near-Term Energy Transition Imperatives
AMMONIA: ENABLING NEAR-TERM ENERGY TRANSITION IMPERATIVES A proven technology with a new future! KBR is the world leader in ammonia technology with over 50% market share and holding the record for the most reliable, most energy-efficient and largest single-train capacity plants in the industry. Grow
Slide 34: Harnessing the Power of Digital
HARNESSING THE POWER OF DIGITAL Leveraging our IP, smart tools and domain expertise to deliver measurable safety, environmental and reliability results Remote Performance Monitoring Monitoring and troubleshooting operations around the globe from anywhere Reliability-Based Maintenance Leveraging AI/M
Slide 35: Enabling the Plastics Circular Economy
ENABLING THE PLASTICS CIRCULAR ECONOMY Closing the Loop on the Circular Plastics Economy with Hydro-PRTSM Converts waste plastic to usable products Includes all forms of waste plastic Potential to eliminate single-use plastics KBR is ALL IN! D E L I V E R I N G S OL U T I O N S , C H A N G I N
Slide 36: Sustainable Technology Solutions: We're Making a Difference
SUSTAINABLE TECHNOLOGY SOLUTIONS We’re making a difference OUR SOLUTIONS HELP CUSTOMERS WE’RE MAKING A POSITIVE KBR IS A GOOD ACHIEVE THEIR OWN IMPACT AND HELPING CORPORATE CITIZEN SUSTAINABILITY GOALS CREATE A BETTER FUTURE ATTRACTIVE OUTLOOK FOR KBR LEVERAGING PROPRIETARY IP AND SOLUTIONS TO COMBA
Slide 37: We do things that matter for our customers
We do things that matter for our customers all over the world. D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D . D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E WO R LD.
Slide 38: 2020 Awards Drive Sustained Growth
2020 AWARDS DRIVE SUSTAINED GROWTH $925M $1,050M $1,100M 55% BACKLOG, OPTIONS AND IDIQ EXPLOITATION ADV. MILITARY R&D SUSTAINABLE TECH RECOMPETES1 TO DELIVER Systems engineering, R&D and prototyping to Energy transition REVENUE THROUGH 2025 integration, advance military modernization, licensing mode
Slide 39: Robust Pipeline Underpins Growth Momentum
ROBUST PIPELINE UNDERPINS GROWTH MOMENTUM KBR Pursuit Pipeline Composition 95%+ 2020 RECOMPETE WIN RATE FOR GS $46B Lead $45B STS GS - D&I 150+ Positioning & Pursuit PURSUITS > $100 MILLION GS - Int'l $106 $15B Billion GS - S&S Proposal and negotiation $106B Total Pursuit Pipeline GS - R&S 10+ PURSU
Slide 40: Jenni Myles, Chief People Officer
// Jenni Myles Executive Vice President and Chief People Officer D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E WO R LD.
Slide 41: The People of KBR – Our Vision
THE PEOPLE OF KBR – OUR VISION O U R V I S I O N We bring together the best and brightest to deliver technology and solutions that help our customers accomplish their most critical missions and objectives. In doing so, we strive to create a better, safer and more sustainable world. D E L I V E R I N
Slide 42: The People of KBR – Our Values
THE PEOPLE OF KBR – OUR VALUES O N E K B R VA L U E S W E VA LU E O U R P EO P L E WE DELIVER WE ARE PEOPLE OF INTEGRITY 0 WE EMPOWER WE ARE A TEAM OF TEAMS D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .
Slide 43: The People of KBR – Purpose Centered
THE PEOPLE OF KBR – PURPOSE CENTERED How we make KBR an exceptional place to work PURPOSE 0 D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .
Slide 44: The People of KBR – Belonging
THE PEOPLE OF KBR – BELONGING Why Inclusion & Diversity matter Helps us attract and retain diverse talent. We are stronger and more innovative together. 33% Women on KBR’s Board of Directors 0 0 18% Increase in women on KBR’s executive leadership team in 2020 D E L I V E R I N G S OL U T I O N S
Slide 45: The People of KBR – Belonging
THE PEOPLE OF KBR – BELONGING 0 0 D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .
Slide 46: The People of KBR – Wellness
THE PEOPLE OF KBR – WELLNESS Why mental health and fitness matter Significant return on investment in mental health and well-being of our people We’re all on the mental wellness spectrum Unwell Struggling Coping Thriving 0 KBR is operationalizing wellness for clients Preservation of the Forc
Slide 47: The People of KBR – Growth
THE PEOPLE OF KBR – GROWTH Why talent development matters Strengthens sustainable business resilience Nurtures curiosity, drive and motivation Creates environments for talent to grow Global Leadership 0 Development Manager Excellence Communities of Interest Employee Resource Groups F
Slide 48: The People of KBR – Growth: Communities of Interest
THE PEOPLE OF KBR – GROWTH Responsive, resilient and organic Communities of Interest Unmanned Systems Cyber Analytics >1,200 Human Enablement Global COI members VR, AR, 3D >50% And more COI technical specialists IMPACT 0 Vision Series Networking Professional development 20 Years Nurt
Slide 49: The People of KBR – Purpose Centered
THE PEOPLE OF KBR – PURPOSE CENTERED How we make KBR an exceptional place to work PURPOSE 0 D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .
Slide 50: Mark Sopp, Chief Financial Officer
// Mark Sopp Executive Vice President & Chief Financial Officer D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E WO R LD.
Slide 51: Roadmap to 2025: Key Themes
ROADMAP TO 2025 KEY THEMES > Inside our strategic playbook > Our vision and growth targets for 2025 > Capital firepower enables growth and value optionality D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D . Assumes 3x net leverage
Slide 52: KBR's Strategic Playbook
KBR’S STRATEGIC PLAYBOOK Attract and retain top talent Attractive markets, strategic customers Highly valued, innovative solutions Enduring, long-term contracts SUSTAINABLE GROWTH AND VALUE CREATION Attractive mix of performance-based contracts Low capital intensity business model Expanded capital d
Slide 53: A Bold Vision for 2025
A BOLD VISION FOR 2025 Executing on our strategic playbook delivers sustainable growth and value creation. >$8B >$800M $3B $4.00 to $6.00 Revenue Adj. EBITDA Aggregate Adj. EPS 2025 2025 2025 deployable 15-20% CAGR capital 2021-2025 D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R
Slide 54: Long-Term Targets – The Foundation for Growth
LONG-TERM TARGETS – THE FOUNDATION FOR GROWTH We have built a large installed base of top-tier clients. We have innovative offerings in high-demand growth areas. We have highly credible, citable best-in-class solutions to drive synergies. D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E
Slide 55: KBR 2025 – Long-Term Targets
KBR 2025 – LONG-TERM TARGETS Revenue Adj. EBITDA Target: 6% - 9% CAGR Target: 8% - 12% CAGR Sustainable Government Technology ~$8.0 B ~$800 Solutions Solutions KBR $5.8B ~$6.0B ~$540 Organic $478 Revenue 5% - 8% 10% - 12% 6% - 9% CAGR 2020 2021 2025 2020 2021 2025 Adj. EBITDA 5% - 8% 15% - 20% 8% -
Slide 56: Roadmap to 2025 Earnings CAGR
ROADMAP TO 2025 EARNINGS CAGR Business Model Fundamentals Underpin Earnings CAGR Attractive, exciting end markets 15% - 20% Performance-based contracts ~7% Strong, recurring cash flow Low-risk growth mode 1% - 2% Balanced 1% - 2% Economies of deployment of scale capital Segment 6% - 9% margi
Slide 57: Capital Deployment in Action
CAPITAL DEPLOYMENT IN ACTION Deployment Priorities to Build Adj. EPS Growth with Deployment Shareholder Return Organic reinvestment Maintain responsible leverage Target: 15% - 20% ~$6.00 Maintain attractive dividend CAGR 3x leverage Strategic, accretive M&A Share repurchases $4.00+ 1x leve
Slide 58: Dividend Policy and Increase
DIVIDEND POLICY AND INCREASE Announcing a 10% increase of our regular quarterly dividend to $0.11 per share Targeting to increase commensurate with net income and free cash flow growth $0.44/yr $0.40/yr $0.32/yr 2019 2020 2021 2022 2023 2024 2025 Adj Net Income Dividend per share D E L I V E R I
Slide 59: Roadmap to 2025
ROADMAP TO 2025 Disciplined execution Delivering upmarket growth and attendant margin Doing what we said we expansion would do Cash-generating machine $4.00 to $6.00 Megatrends favor KBR Highly valued solutions solutions and technologies Adj. EPS and Market megatrends accelerate core growth
Slide 60: Doing What We Said We Would Do
D O I N G W H AT W E SA I D W E W O U L D D O > Advancing our ESG strategy > Momentum with market megatrends > The People of KBR > KBR 2025 >$8B >$800M $3B $4.00 to $6.00 Revenue Adj. EBITDA Aggregate Adj. EPS 2025 2025 deployable 2025 capital D E L I V E R I N G S O L U T I O N S , C H A N G I N G
Slide 61: Roadmap to 2025 Q&A
ROADMAP TO 2025 Q&A D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D . Assumes 3x net leverage
Slide 62: Appendices
Appendices Space Superiority Supplemental Materials Cyber Analytics Supplemental Materials Sustainable Technology Supplemental Materials Financial Growth Supplemental Materials D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E WO R LD.
Slide 63: Space Superiority | Space Mission Operations
Space Superiority | Space Mission Operations Providing secure, reliable command and control, communications, telemetry, and tracking for dozens of DoD, intelligence, civil and allied satellites. As activity in space increases, KBR is partnered with customers in executing mission-critical operations
Slide 64: Space Superiority | Digital Engineering
Space Superiority | Digital Engineering KBR is designing and conducting missions in virtual environments to help optimize use of assets. We provide thought leadership to our space customers, enabling the future space enterprise to rapidly deploy capability. Digital engineering capabilities Suppo
Slide 65: Space Superiority | Space Domain Awareness
Space Superiority | Space Domain Awareness No longer is space a benign environment where space objects are only tracked. KBR provides innovations and domain expertise that deliver robust intelligence of what objects in space are doing and why, enabling safe operations for all. Extensive experience
Slide 66: Space Superiority | Climate Change, Earth Science
Space Superiority | Climate Change, Earth Science KBR is on the frontlines with our customers providing solutions to deliver data to scientist performing critical climate change research. Our capabilities supporting NASA and U.S. Geological Survey (USGS) include operating constellations of spacecraf
Slide 67: Space Superiority | Human Space Flight
Space Superiority | Human Space Flight KBR is the industry leader in human spaceflight operations. Our deep domain expertise spans human performance, astronaut training, space suit development and mission operations. As NASA and commercial providers position to return to the moon and beyond, KBR has
Slide 68: National Security Technology: Threats and Demand Signals
National Security Technology: Threats and Demand Signals Accelerating Contested Space Domain Technology Proliferation Strategic Threats • Adversaries investing in space • Available to adversaries and • Re-emergence of long-term, Threat and counter-space commercial industry strategic adversaries Envi
Slide 69: Appendices
Appendices Space Superiority Supplemental Materials Cyber Analytics Supplemental Materials Sustainable Technology Supplemental Materials Financial Growth Supplemental Materials D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E WO R LD.
Slide 70: Cyber Analytics | Offensive Cyber Capabilities
Cyber Analytics | Offensive Cyber Capabilities Highly Specialized Capabilities Serving Rapidly Growing Demand Strong appetite for non-kinetic Requires cross-functional cyber capabilities for defense and expert teams of and intel customers engineers and scientists Mission commanders are with high-l
Slide 71: Cyber Analytics | Defensive Cyber Operations
Cyber Analytics | Defensive Cyber Operations Securing Critical Assets from Sophisticated Attacks PCs and the internet are no longer the only cyber attack vector. Billions of embedded devices and systems are vulnerable to sophisticated attacks. MICROELECTRONICS SPACE SYSTEMS MEDICAL DEVICE SYSTEM
Slide 72: Cyber Analytics | Secure Supply Chain
Cyber Analytics | Secure Supply Chain “Our number one priority, frankly, right now is microelectronics.” – Mark Lewis, Director of Defense Research and Engineering for Modernization, June 2020 There is a major trend across the KBR has the largest cross- U.S. government to adopt a zero- functiona
Slide 73: Cyber Analytics | Positioning, Navigation & Timing
Cyber Analytics | Positioning, Navigation & Timing KBR operates more advanced GNSS simulators than any other organization in the world. We are at the forefront of developing technologies that will feed into the next generation of GPS satellite systems. KBR provides the entire spectrum of Rapid g
Slide 74: Cyber Analytics | Critical Infrastructure
Cyber Analytics | Critical Infrastructure A growing number of adversarial foreign states are, “... developing the capacity to exploit, disrupt or degrade our critical infrastructure, likely in an effort to influence or coerce U.S. KBR at Forefront decision-makers in a time of crisis by holding criti
Slide 75: Appendices
Appendices Space Superiority Supplemental Materials Cyber Analytics Supplemental Materials Sustainable Technology Supplemental Materials Financial Growth Supplemental Materials D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E WO R LD.
Slide 76: Sustainable Technology | Today's Portfolio
Sustainable Technology | Today’s Portfolio Market drivers highly aligned with our IP portfolio and domain expertise Growing number of countries and companies targeting carbon Digital asset management, Technology-Led Advisory Advising governments and neutrality and net-zero carbon remote operations
Slide 77: Sustainable Technology: KBR Innovations Delivering A Clean Future
Sustainable Technology: KBR Innovations Delivering A Clean Future CARBON CAPTURE DECARBONIZATION RENEWABLE HYDROGEN GREEN, CLEAN CIRCULAR STORAGE AND OF EXISTING BIOFUELS EXPERTISE PROCESS ECONOMY UTILIZATION ASSETS TECHNOLOGY Innovative carbon Proprietary software Developing and Extensive hydrogen
Slide 78: Sustainable Technology: KBR, the World Leader in Ammonia Technology
Sustainable Technology: KBR, the World Leader in Ammonia Technology Today, more than KBR K-GreeNTM, a proprietary, end-to-end green ammonia solution 50% of the world’s ammonia is produced with KBR’s technology. World’s largest ammonia plant with single converter Over 3,000 tpd achieved; EuroChem Tra
Slide 79: Sustainable Technology: Innovative, Disruptive, Clean and Green IP
Sustainable Technology: Innovative, Disruptive, Clean and Green IP PRODUCES CLEAN, IMPROVES IMPROVES SAFETY AND REDUCES CARBON IMPROVES ENERGY SUSTAINABLE END ENVIRONMENTAL REDUCES OPERATIONAL EMISSIONS EFFICIENCY PRODUCTS FOOTPRINT HAZARDS K-GreeN™ | Green ammonia Ammonia Purifier™ | Ammo
Slide 80: Sustainable Technology: Innovative, Disruptive, Clean and Green IP
Sustainable Technology: Innovative, Disruptive, Clean and Green IP PRODUCES CLEAN, IMPROVES IMPROVES SAFETY AND REDUCES CARBON IMPROVES ENERGY SUSTAINABLE END ENVIRONMENTAL REDUCES OPERATIONAL EMISSIONS EFFICIENCY PRODUCTS FOOTPRINT HAZARDS K-GreeN™ | Green End-to-end solution to Uses renewable elec
Slide 81: Sustainable Technology: Innovative, Disruptive, Clean and Green IP
Sustainable Technology: Innovative, Disruptive, Clean and Green IP PRODUCES CLEAN, IMPROVES IMPROVES SAFETY AND REDUCES CARBON IMPROVES ENERGY SUSTAINABLE END ENVIRONMENTAL REDUCES OPERATIONAL EMISSIONS EFFICIENCY PRODUCTS FOOTPRINT HAZARDS Hydro-PRTSM |Plastic Enables plastics circular Best-in-clas
Slide 82: Sustainable Technology: Innovative, Disruptive, Clean and Green IP
Sustainable Technology: Innovative, Disruptive, Clean and Green IP PRODUCES CLEAN, IMPROVES IMPROVES SAFETY AND REDUCES CARBON IMPROVES ENERGY SUSTAINABLE END ENVIRONMENTAL REDUCES OPERATIONAL EMISSIONS EFFICIENCY PRODUCTS FOOTPRINT HAZARDS MAX-ISOM™ | Isomerization Isomerate is an octane Reduced en
Slide 83: Appendices
Appendices Space Superiority Supplemental Materials Cyber Analytics Supplemental Materials Sustainable Technology Supplemental Materials Financial Growth Supplemental Materials D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E WO R LD.
Slide 84: Contract Duration Enables High Visibility
Contract Duration Enables High Visibility ~50% IAC-MAC, DSTAT, CSTAT Air Force TENCAP Special Ops Health & Human Perf 2021 ADJ. EBITDA FROM TOP NASA Health & Human Perf PROGRAMS NASA Mission Systems Ops NASA Integrated Mission Ops Aspire Defense 10 YEARS WEIGHTED AVERAGE Affinity Flying Training Ser
Slide 85: Non-GAAP Reconciliations
Non-GAAP Reconciliations Adjusted EBITDA Adjusted EPS FY20 Actual FY20 Actual 2021 Guidance Net income (loss) attributable to KBR ($72) EPS (Diluted) $(0.51) $1.39 $1.59 Add Back: Add Back: Interest Expense 83 Amortization related to acquisitions 0.14 0.25 Provision (benefit) for income taxes 26 Ich
Slide 86: Acronyms
Acronyms D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E WO R LD.
Slide 87: Acronyms
Acronyms 5G - Fifth Generation Technology DSTAT - Defense Systems Technical Area Task K-COT™ - KBR's Catalytic Olefins Technology OK NOW – KBR Network of Well Being AFRL – Air Force Research Lab EBITDA – Earnings Before Interest, Taxes, Depreciation and K-GreeN™ - KBR’s Green Ammonia Process PC – Pe