Aker Asa Class A · OSL:AKER
Aker Asa Class A — Q3 2012 Earnings Presentation
14 slides from Aker Asa Class A's earnings presentation, Nov 9, 2012
Slide 1: Third quarter presentation 2012
Agenda ▪ Highlights and Industrial Holdings Proud ownership Øyvind Eriksen President and CEO ▪ Financial Investments and Statement Trond Brandsrud Third quarter presentation 2012 CFO 9 November 2012 ▪ Q&A 9 November 2012 AKER ASA │Third quarter 2012 presentation 2 1
Slide 2: Highlights and Key financial indicators
Third quarter 2012 Aker ASA and holding companies Highlights Key financial indicators Financials: Net asset value (NOK bn) ▪ Net asset value: NOK 23.3 billion: 16% advance, making it the highest since 350 30 Q3 2008 300 25 ▪ Value-adjusted equity ratio 85% vs. 87% in Q2 2012 250 Dividend 20 ▪ Solid
Slide 3: This is Aker
This is Aker Aker ASA As per 30.09.2012 69 percent of investments related to oil and gas sector Seafood & Marine BioTech 6% Other 9% Industrial Financial Holdings Investments E&P 23% Aker Solutions1 40% 8.3 4.3 Cash Cash 16% Kvaerner1 41% 1.1 0.6 1.7 Receivables Oil and gas related 69% NOK Det norsk
Slide 4: Overview of Aker assets
Overview of Aker assets Overview of Aker assets Financial Investments Industrial holdings % of total Aker assets % of total Aker assets 3Q 2012 performance: 80% Cash 72% 28% • Cash holding NOK 4.3 billion, up NOK 1.0 72% 60% billion • Issuance of NOK 1.0 billion bond with 10-year 52 % maturity 40%
Slide 5: Changes in NAV in 3Q 2012
Aker ASA and holding companies Changes in NAV in 3Q 2012 0,3 0,1 (0,1) 24 23,3 1,0 23 0,1 1,9 22 21 20,1 20 19 18 Aker 17 16 Industrial holdings 15 14 NOK bn 30.6.12 AKSO KVAER DETNOR AKBM Net other value Net other 30.9.12 changes 9 November 2012 AKER ASA │Third quarter 2012 presentation 9 9 Novembe
Slide 6: Aker Solutions and Kvaerner
Industrial holdings Industrial holdings Aker Solutions Kvaerner Global oil services company providing services, Specialized EPC oil and gas company technologies, product solutions and field life solutions Investment value of Investment value of NOK 8.4 billion NOK 1.1 billion 31% 4% % of gross asset
Slide 7: Det norske and Ocean Yield
Industrial holdings Industrial holdings Det norske Ocean Yield Exploration & Production company on the Norwegian A marine assets company with focus on long-term contracts continental shelf Investment value of Investment value of NOK 6.1 billion NOK 2.5 billion 22% 9% % of gross asset value % of gros
Slide 8: Aker BioMarine and Aker Seafoods
Industrial holdings Industrial holdings Aker BioMarine Aker Seafoods Integrated biotech company – uniquely positioned for krill Leading whitefish harvesting company harvesting and processing Investment value of Investment value of NOK 1.2 billion NOK 0.4 billion 4% 1% % of gross asset value % of gro
Slide 9: Financial investments
Financial investments Cash and receivables Investment value of NOK 4.9 billion, excl. real estate 18% receivable % of gross asset value Aker (30.09.12) Financial investments Key events Q3 Cash increased by NOK 1.0 billion to NOK 4.3 billion Short-term credit facility established for Aker BioMari
Slide 10: Real estate (Receivables) and Fund investments
Financial investments Financial investments Real estate (Receivables) Fund investments Investment value of Investment value of NOK 0.5 billion NOK 1.5 billion 2% 6% % of gross asset value % of gross asset value (30.09.12) (30.09.12) Key events Q3 Fornebuporten as a development project Key events Q3
Slide 11: Financial Statement: Balance sheet
Aker ASA and holding companies Balance sheet 31.03 30.06 30.09 (in NOK million) 2012 2012 2012 Tangible and non-tangible fixed asset 285 280 266 Long-term interest bearing items 1 430 1 172 862 Long-term financial assets 11 373 11 356 11 654 Other current assets 66 80 61 Short-term interest bearing
Slide 12: Interest bearing items and loan guarantees; Income statement
Aker ASA and holding companies Aker ASA and holding companies Interest bearing items and loan guarantees Income statement 6 000 Maturity profile 5 000 1200 1Q 2Q 3Q YTD YTD Year Net interest bearing 1000 (in NOK million) 2012 2012 2012 2011 2012 2011 4 000 receivables NOK 1.7 billion 800 Sales gains
Slide 13: Income statement in 3Q 2012; Ocean Yield financial statements
Aker ASA and holding companies Ocean Yield Group Income statement in 3Q 2012 Financial statements 250 In USD million Balance sheet 30.09.12 30.06.12 31.03.12 Property, plant and equipment 849 858 200 Deferred tax and intangible assets 50 48 Bonds and restricted cash 166 157 Other assets 14 19 150 Ca
Slide 14: Well positioned for further growth
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