Worley Limited · ASX:WOR
Worley — WorleyParsons — Macquarie conference (May 2010)
27 slides from Worley's conference presentation, May 7, 2010
Slide 1: John Grill, Managing Director / Chief Executive Officer
For personal use only John Grill Managing Director / Chief Executive Officer
Slide 2: Our Vision
For personal use only Our Vision WorleyParsons will be the preferred global provider of technical technical, project and operational support services to our customers, using the distinctive WorleyParsons culture to create value for them and prosperity it for f our people l and d stakeholders. t k h
Slide 3: Corporate Update
For personal use only p Corporate p Update
Slide 4: Working Across all Phases of an Asset's lifecycle
Working Across all Phases of an Asset’s lifecycle y For personal use only Successful delivery – large and small 4
Slide 5: Operations
Operations For personal use only 29,400 personnel I 40 countries
Slide 6: Announcements
Announcements For personal use only ● TW Woodside Brownfield Projects (NWS) Improve ● TW Loy L Yang Y Power P Contract C t t ● Christina Lake Phase 2B,, MEG Energygy ● Joslyn North Mine Oil Sands Plant, Total Canada ● Karara Iron Ore Project Minerals restarts ● Ma’aden Alumina EPCM Letter of Intent
Slide 7: Global Relationships
Global Relationships For personal use only ► Increased trend for clients to establish global contract relationships (Hydrocarbons and M&M) ► 2–3 service providers selected ► Foundation F d ti off these th relationships l ti hi ● Safe operations ● Global spread and capacity ● Genuine capability (part
Slide 8: Contract Renewals
Improve Contract Renewals For personal use only SYNCRUDE • 5 year renewal 19 year relationship IMPERIAL OIL • 5 year renewal 19 year relationship TENNESSEE VALLEY AUTHORITY • 5 year renewal 19 year relationship WOODSIDE PETROLEUM • 4 year renewal 15 year relationship
Slide 9: Contracts
Improve Contracts For personal use only EUROPE / AFRICA CANADA 12 Contracts 52 Contracts Esso Exploration Angola (New) Syncrude CoSyn (Renewal) SASOL Shared Services (New) Imperial Oil (Renewal) Sembcorp Ultilities (New) BP Canada (Renewal) Sellafield Multi Discipline Design House Services (New) RUS
Slide 10: Transition Update
For personal use only Transition Update
Slide 11: Strategy Update
For personal use only Strategy p gy Update
Slide 12: The Hedgehog and The Fox
The Hedgehog and The Fox For personal use only Foxes Fo es pursue p rs e many man ends at the same time and see the worldorld in all its complexity. They are “scattered or diffused, moving on many levels”. g g understand that the essence of p Hedgehogs profound insight g is simplicity. p y Hedgehogs
Slide 13: Observations
Observations For personal use only ► Last 2 years have seen extraordinary volatility. This has resulted in significant reaction from many clients ● Contracts awarded but uncertain commencement dates ● Teams mobilised but waiting on commencement ● Less ability to support excess capacity with workshar
Slide 14: Observations
Observations For personal use only ► Importance of partnerships and Joint Ventures ► Importance of Improve ► Importance p of managing g g overheads and direct costs ► Continue to invest in critical system and capability ► Management matters ► M&A environment has seen sellers hold position in advance
Slide 15: Building on What Makes Us Different?
Building on What Makes Us Different? For personal use only Committed empowered and Comprehensive technically capable people geographic presence Outstanding Industry leadership operational in health, safety and corporate and environmental performance performance Success in project Focus on long-term
Slide 16: What has changed?
What has changed? For personal use only A E An Established t bli h d World W ld AD Developing l i W World ld Hydrocarbons IOCs NOCs Power Developed generation Growing power needs Minerals & Metals Global Diversifieds Focused Locals Infrastructure & Resource and more Resource and basic Environment co
Slide 17: Hydrocarbons: NOCs dominate access to reserves
Hydrocarbons NOCs dominate access to reserves For personal use only Full IOC access New Russian 6% Companies 6% NOCs (equity access) 10% NOCs (limited equity access ) 78% Control of Global Oil and Gas Reserves 2009 Source: Offshore Technology 17
Slide 18: Hydrocarbons – The Two Worlds
Hydrocarbons – The Two Worlds For personal use only IOCs NOCs Joslyn Oil Sands, Canada Samref Clean Fuels Project, Saudi 18
Slide 19: Power – The Two Worlds
Power – The Two Worlds Generation is decoupling p g into two areas For personal use only Electricity Generation 40000 35000 30000 25000 Wh) (TW 20000 15000 10000 Total Generation OECD 5000 N OECD Non‐OECD 0 1990 2007 2015 2020 2025 2030 Source: World Energy Outlook 2009
Slide 20: Power – The Two Worlds
Power – The Two Worlds For personal use only Developed Developing Nuclear / Gas / Wind / Solar Armenia 20
Slide 21: Minerals & Metals
Minerals & Metals Polarizing into two service markets For personal use only Source: Xstrata 21
Slide 22: Minerals & Metals – The Two Worlds
Minerals & Metals – The Two Worlds For personal use only Focused Locals Global Diversifieds Karara, Australia Vale, Brazil 22
Slide 23: Infrastructure & Environment – The Two Worlds
Infrastructure & Environment – The Two Worlds For personal use only Resource Public Fortescue Metals Group, Australia Akwa Ibom State Planning, Nigeria 23
Slide 24: How Are We Positioning in these two worlds?
How Are We Positioning in these two worlds? For personal use only The needs of our TWO WORLDS are distinctly different: The Established World The Emerging World Technically challenging expertise Building national focus with clear required emphasis on developing local capabilities p Leveraging
Slide 25: This is Why We Are Different?
This is Why We Are Different? For personal use only Committed empowered and Comprehensive technically capable people geographic presence Outstanding Industry leadership operational in health, safety and corporate and environmental performance performance Success in project Focus on long-term deliver
Slide 26: Outlook
For personal use only Outlook
Slide 27: Group Outlook
Group Outlook For personal use only While WorleyParsons confirms that our current expectations of net profit after tax for the 2010 financial yyear remains in the range of $280 million to $320 million, we are encouraged by increasing activity in a number of regions and customer sector groups support