Aker Asa Class A · OSL:AKER
Aker Asa Class A — Shareholder Meeting (April 2008)
17 slides from Aker Asa Class A's shareholder meeting presentation, Apr 3, 2008
Slide 1: Report for 2007 Status and outlook
Aker Report for 2007 Status and outlook Leif-Arne Langøy, Chairman & CEO Bengt A. Rem, Senior Partner & CFO Annual General Meeting Oslo, 3 April 2008 The preferred partner AKER ASA Aker tradition Innovation throughout generations Est 1841 Peter Steenstrup Kjell I Røkke First CEO Main owner Norcem (o
Slide 2: This is Aker
This is Aker 51.1 % 100 % 41.0 %1 76.3 % 64.95 % Aker Floating Aker Aker Production Aker Drilling Aker Solutions BioMarine Seafoods 44.4 % 54.6 % 53.2 % 50.3 % 70 % Aker Oilfield Aker Aker American Aker Philadelphia Aker Clean Services Exploration Shipping Shipyard Carbon Aker ownership shown (in %)
Slide 3: Highlights 2007
Highlights 2007 The preferred partner AKER ASA Highlights Aker ASA and holding companies Strengthened for further growth Shareholder values demonstrated • Net profit of NOK 12.7 bn for 2007 (2006: NOK 4.2 bn) • Equity value NOK 23.4 bn at end 2007 (end 2006: NOK 12.2 bn) Financially robust • NOK
Slide 4: Key indicators
Strengthened Aker ASA Key indicators Adjusted net asset value Dividend paid (NOK per share) (NOK per share) 19 18,5 proposed 503 462 14 401 Share price 288 339 6,5 198 101 62 2004 2005 2006 2007 2005 2006 2007 2008 The preferred partner Annual General Meeting | Report 2007 | 7 AKER ASA © Aker | Apri
Slide 5: Aker Solutions ownership reorganised / Balance sheet shift
Highlights Aker Solutions ownership reorganised 30 % 60 % 7.5 % 2.5 % Aker Holding 40.6 % Binding agreements signed on 22 June 2007 Concluded on 21 December after Parliament approval The preferred partner Annual General Meeting | Report 2007 | 9 AKER ASA © Aker | April 2008 Aker strengthened Balance
Slide 6: ASA sector teams / Balance sheet
Aker ASA sector teams Strengthened Bengt A Geir Arne Rem Drangeid Finance, Comms, HR, accounting Leif-Arne Langøy IR, other staff Chairman & CEO Bengt A Rem Nils Are Martinus Karl Erik Leif-Arne K Lysø Brandal Kjelstad Langøy Energy Energy Maritime Seafoods and Financial Resources Technologies Techn
Slide 7: Profit and loss statements
Aker ASA and Holding companies Profit and loss statements 4Q 4Q Year Year (in NOK million) 2006 2007 2006 2007 Sales gains 3 839 5 321 4 643 11 740 Operating expenses (37) (49) (131) (151) EBITDA 3 802 5 272 4 512 11 589 Depreciation (3) (3) (8) (8) Net financial items (423) (136) (334) 1 126 Profit
Slide 8: Group consolidated balance sheet
Aker group consolidated Balance sheet Year Year (in NOK million) 2006 2007 Tangible and non-tangible fixed assets 21 639 10 894 Other fixed assets 2 169 6 294 Cash and interest bearing receivables 18 718 16 323 Other current assets 32 588 2 781 Total assets 75 114 36 292 Shareholders’ equity 9 229 1
Slide 9: Dividends for 2007
Aker ASA Balance sheet Year Year (in NOK million) 2006 2007 Shares in subsidiaries 12 831 17 252 Deferred tax assets - 442 Bank deposits 522 11 568 Other assets 10 520 7 851 Total assets 23 873 37 113 Equity 12 052 24 054 Long-term liabilities 9 506 11 630 Short-term liabilities 2 315 1 429 Total eq
Slide 10: Outlook and perspectives
Outlook and perspectives The preferred partner AKER ASA The Economist 26 Jan 2008 The preferred partner Annual General Meeting | Report 2007 | 20 AKER ASA © Aker | April 2008 10
Slide 11: Aker companies share prices
It’s rough out there Aker companies share prices Relative development Ticker (rel value 1.1.2007 = 100 as of 18.2.2008) 180 AKER (73) 160 AKASA (91) AKSO (81) 140 AKS (108) 120 AKBM (37) 100 AKFP (75) AKD (102) 80 AKX (91) 60 AKPS (95) For comparison 40 OSEBX (96) 20 The preferred partner 18.2.08 An
Slide 12: Clean Carbon
Aker Clean Carbon Bringing carbon capture technology early to the market The preferred partner Annual General Meeting | Report 2007 | 23 AKER ASA © Aker | April 2008 Revitalising carbon catch Strong commitment from Aker Aker Kværner initial funding Aker Clean Carbon has revitalised NOK 2 million car
Slide 13: Valgkomiteens innstilling
Business idea We create long-term value for all stakeholders by building premier companies in sectors where we have strong knowledge and execution capabilities The preferred partner Annual General Meeting | Report 2007 | 25 AKER ASA © Aker | April 2008 Valgkomiteens innstilling Ordinær generalforsam
Slide 14: Valgkomiteens arbeid
Valgkomiteens arbeid Sammensetning • Kjell Inge Røkke, formann • Gerhard Heiberg • Kjeld Rimberg Arbeidsform • Tre møter avholdt • Vurdert styrets arbeid • Mottatt innspill fra enkeltaksjonærer The preferred partner Annual General Meeting | Report 2007 | 27 AKER ASA © Aker | April 2008 Styrets e
Slide 15: Styrets sammensetning
Styrets sammensetning Leif-Arne Lone Fønss Bjørn I. Jon Fredrik Kjell A. Hanne Kristin M. Langøy Schrøder Flatgård Baksaas Storeide Harlem Devold (formann) (nestformann) Valgt av og blant de ansatte Atle K. Bjarne E. Harald Magne Stein Tranøy Kristiansen Bjørnsen Aamdal The preferred partner Annual
Slide 16: Valgkomiteens forslag / IR Contacts
Valgkomiteens forslag Styre • Formann kr. 500.000 • Nestformann: kr. 350.000 • Styremedlemmer: kr. 300.000 Valgkomite • Formann og medlemmer kr. 50.000 The preferred partner Annual General Meeting | Report 2007 | 31 AKER ASA © Aker | April 2008 Aker group IR Contacts Company (Ticker) Name Phone
Slide 17: Disclaimer
Disclaimer This Document includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. These statements and this Document are based on current expectations, estimates and projections about glo