Jacobs Solutions Inc. · NYSE:J
Jacobs Solutions — Jacobs Engineering Group — Wells Fargo Securities 2014 Industrial and Construction Conference
17 slides from Jacobs Solutions's conference presentation, May 2014
Slide 1: Wells Fargo Securities 2014 Industrial and Construction Conference
Wells Fargo Securities 2014 Industrial and Construction Conference May 2014 www.jacobs.com | worldwide
Slide 2: Forward-Looking Statement Disclaimer
Forward-Looking Statement Disclaimer Statements included in this presentation that are not based on historical facts are forward-looking statements. Although such statements are based on management’s current estimates and expectations, and currently available competitive, financial and economic data
Slide 3: Financial Performance Results Summary
Financial Performance Results Summary Fiscal Year 2013 2nd Quarter 2014 Diluted EPS $3.23 $0.63 Net Earnings $423.1 million $83.5 million Cash $1.2 billion $691.3 million Debt $0.4 billion $1.0 billion Backlog $17.2 billion $18.4 billion FY14 Guidance $3.15 to $3.55* * Excluding unusual items in the
Slide 4: Second Quarter Results and Outlook
Second Quarter Results and Outlook • Q2 solid, absent unusual items – European project issues (-$0.10) – Holiday and weather (-$0.07) – SKM related items (-$0.07) – Sale of VCM technology (+$0.05) • Second half results to reflect: – Restructuring, largely in Europe – SKM related • Underlying busines
Slide 5: SKM Update
SKM Update • Accretive in Q2 • Synergy opportunities exceed expectations – Short-term effects impact second half – Solid foundation for FY2015 • Significant sales leverage May-14 | Wells Fargo Securities – 2014 Industrial and Construction Conference | 5
Slide 6: Backlog at Record Levels
Backlog at Record Levels Field Services Backlog ($ billions) Technical Professional Services Backlog ($ billions) 20.0 18.4 18.0 16.6 16.8 16.0 15.1 14.7 14.0 14.0 5.8 12.0 12.6 5.9 5.2 10.0 10.9 5.3 8.5 6.4 9.9 8.0 8.7 8.1 8.3 6.0 4.0 2.0 0.0 Q2-FY09 Q2-FY10 Q2-FY11 Q2-FY12 Q2-FY13 Q2-FY14 Professi
Slide 7: Growth Strategy
Growth Strategy • Differentiate with our relationship-based business model • Leverage market diversity • Expand geographic presence through multi-domestic strategy • Use cash position for strategic acquisitions • Continue to drive down costs – Synergies from SKM – Intense focus on operational effici
Slide 8: Our Relationship Model Fuels Growth
Our Relationship Model Fuels Growth Long-Term Relationships Trust/Client Knowledge Continuous Improvement Superior Value Reinvest Growth Fueled by Clients Repurchase Loyalty Steady Lower Cost Earnings of Doing Growth Business Manageable Risk Building a Strong Reputation in Each Market We Serve May-1
Slide 9: Our Relationship Model Fuels Growth
Our Relationship Model Fuels Growth Long-Term Relationships Trust/Client Knowledge >92% in Client Satisfaction Continuous Scores Improvement Superior Nearly 96% Repeat Business Value Reinvest Growth Fueled by >$2.9 billion in Client Savings from Innovative Value-BasedRepurchase Solutions Clients Loy
Slide 10: Market Diversity
Market Diversity National Chemicals Government 22% 18% 33% Infrastructure 49% 9% Oil & Gas (Upstream) 7% Buildings 6% Refining 4% (Downstream) PharmaBio 20% 7% Mining & Minerals 7% Revenues for twelve 18% Power, Pulp & Paper, High Tech, months ended Food & Consumer Products 3/28/14: $12.5 billion Ma
Slide 11: Public & Institutional
National Government: Improving 2-year US budget provides funding certainty; MILCON, RDT&E, Procurement, NASA winners US military bases in Asia Pacific: >$43b; UK defense remains buoyant Public & Nuclear cleanup in UK robust; >$1b environmental remediation projects in North America Institutional Infr
Slide 12: Industrial
PharmaBio: Improving Product pipeline mixed but still driving capital investments Client investments in India and Asia; India domestic market to grow from $16b to $50b by 2020 Dominant position; modular, work share, continuity from engineering through construction; Key differentiators Industrial Min
Slide 13: Process
Refining: Strong High emphasis on reliability and safety projects (ISA 84) Increasing CapEx investments in US, Middle East and Asia Asia, South America building capacity; $90b predicted investment in Brazil Process Tier 3 gasoline opportunities Oil & Gas: Very Strong Important wins with key clients;
Slide 14: Robust Acquisition Pipeline
Robust Acquisition Pipeline 2014 Areas of Focus Buildings, Infrastructure, Water, Mining & Minerals, Power, Process, Telecommunications, National Government(intelligence/IT), Upstream (pipelines) Geographies North America Australia, China, South Africa, South America, UK, US Buildings, Water/Wastewa
Slide 15: Why Jacobs: A History of Solid Growth
Why Jacobs: A History of Solid Growth • Relationship-based business model – Drives client loyalty, opportunities, and results • Diversified markets/geographies/services – Fuels growth and manages exposures • Strong balance sheet and cash position – Enables organic expansion and strategic acquisition
Slide 16: Markets served
Food & Consumer National Government Chemicals PharmaBio Products Buildings Oil & Gas Upstream Mining & Minerals High Tech Infrastructure Refining Downstream Power Pulp & Paper May-14 | Wells Fargo Securities – 2014 Industrial and Construction Conference | 16
Slide 17: www.jacobs.com
www.jacobs.com © Copyright 2014 Jacobs Engineering Group Inc. All rights reserved. “Jacobs” and “BeyondZero” are trademarks of Jacobs Engineering Group Inc. 20639 CC 05/14 www.jacobs.com | worldwide
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