Aker Solutions Asa · OSL:AKSO
Aker Solutions Asa — Investor Day (December 2009)
10 slides from Aker Solutions Asa's investor day presentation, Dec 3, 2009
Slide 1: Strengthening performance
part of Aker Strengthening performance Subsea ED&S Simen Lieungh, President & CEO Capital Markets Day 3 December 2009 P&T P&C © 2009 Aker Solutions Strong profit growth throughout the decade ■ Leading global provider of… ● engineering and construction ● technology products ● execution ● service ● in
Slide 2: Strategic direction towards deepwater
Strategic direction: focus on performance improvement along three main axes Deep waters and harsh environments Performance improvement Cost Increased service competitiveness Capital Markets Day 03 December 2009 Slide 3 © 2009 Aker Solutions part of Aker Strategic direction towards deepwater… Conti
Slide 3: Attractive harsh environment segments; Downstream (P&C) restructuring
…and attractive harsh environment segments ■ Harsh environment projects require track record, know-how, technology skills, expertise on large-scale and complex projects, and superior execution models ■ Aker Solutions clear leader in cold climate harsh environment ■ Attractive long-term potential whe
Slide 4: Strongest growth from the product and service part of the business
Strongest growth from the product and service part of the business Revenue Revenue 2005 Q1-Q3 2009 P&T, Subsea 22% EBITDA EBITDA 2005 Q1-Q3 2009 P&T, Subsea 33% Source: Annual reports 2004-08, management accounts Capital Markets Day 03 December 2009 Slide 7 © 2009 Aker Solutions part of Aker High gr
Slide 5: Cost competitiveness
Cost competitiveness ■ Optimising organisation and delivery models ● Restructured divisions ■ Completed: ED&S, Subsea, Shared services ■ Ongoing: P&C, P&T ● Low-cost engineering and fabrication ■ Engineering: India, China ■ Fabrication: Brazil, Malaysia, Indonesia, Eastern Europe, China ■ Utilising
Slide 6: 57 billion order backlog with lower risk
57 billion order backlog with lower risk Order backlog Aker Solutions 75B 62B ■ Stable 58B 58B 57B backlog with 54B 53B 52B higher quality 50 ED&S ■ Improved risk/reward profile Sub- 25 ■ Less turnkey sea lump-sum P&T P&C 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2008 2009 Capital Markets Day 03 December 2009 Slide 11
Slide 7: Mature markets: Field development down, fields on stream up
Mature markets: Field development down, fields on stream up (Norwegian shelf example) (NOK M) NCS offshore E&P spend ■ Overall flat offshore E&P spending ■ Continued growth in investments in fields on stream ■ Challenging new-build market, but exploration spending continues to increase ■ Overall est
Slide 8: Long-standing customer relationships; HSE important
Long-standing customer relationships (examples) Capital Markets Day 03 December 2009 Slide 15 © 2009 Aker Solutions part of Aker Health, Safety and Environment (HSE) important Driven by care Systematic efforts Getting results HSE a core value: HSE Leadership Program: 7 ■ Change through ■ We take per
Slide 9: All business areas working along same strategic lines
All business areas working along same strategic lines Deepwater & Harsh Environment Subsea P&T ED&S P&C Performance improvement Increased Cost service competitiveness Capital Markets Day 03 December 2009 Slide 17 © 2009 Aker Solutions part of Aker Capital Markets Day 03 December 2009 Slide 18 © 2009
Slide 10: Copyright & disclaimer
Copyright & disclaimer Copyright of all published material including photographs, drawings and images in this document remains vested in Aker Solutions and third party contributors as appropriate. Accordingly, neither the whole nor any part of this document shall be reproduced in any form nor used i