Aker Solutions ASA · OSL:AKSO
Aker Solutions ASA — DNB Oil, Offshore & Shipping Conference 2013
15 slides from Aker Solutions ASA's conference presentation, Mar 6, 2013
Slide 1: Aker Solutions – Preferred partner
Preferred partner Aker Solutions DNB | Oil, Offshore & Shipping Conference, 6 March 2013 Leif Borge | CFO © 2012 Aker Solutions Slide 1 6 March, 2013 Preferred partner
Slide 2: This is Aker Solutions
This is Aker Solutions ■ Provides oilfield products, systems and services for customers in the oil and gas industry world-wide ■ Built on more than 170 years of industrial tradition ■ Employs approximately 25 000 people in more than 30 countries Employees: 19 500 Contract staff: 5 500 Revenues: 45 b
Slide 3: 9 Business areas
9 Business areas Engineering Drilling technologies Subsea Umbilicals Process systems Mooring and loading Maintenance, Oilfield services Well intervention systems modifications and and marine assets services operations © 2012 Aker Solutions Slide 3 6 March, 2013 Preferred partner
Slide 4: We have ambitious financial targets
We have ambitious financial targets Revenues to double from 2010 to 2015 EBITDA margin1: improve with 3-4 % points NOK billion % 50 12 Thousands 40 10 8 30 6 20 4 10 2 0 0 2010 2011 2012 2015 2010 2011 2012 2015 1 Recurring EBITDA margin 2012: Last four quarters © 2012 Aker Solutions Slide 4 6 March
Slide 5: Our vision is to be the preferred partner for solutions in the oil and gas industry
Our vision is to be the preferred partner for solutions in the oil and gas industry through living our values Customer relations Performance quality Introduced regional structure and HSE Key account management Reduced quality cost by +50% Targeted top customers Strengthened risk management 30% reduc
Slide 6: The main trends in oil and gas – our priorities
The main trends in oil and gas – our priorities Trends Priorities Business Areas Increased demand Offshore and remote ENG, DRT, SUB, for oil and gas Frontier exploration, PRS, UMB Arctic, LNG Complexity, Deepwater, Subsea ENG, SUB, DRT, deep water and harsh infrastructure, FPSO, PRS, MLS, UMB enviro
Slide 7: Offshore oil & gas markets
Offshore oil & gas markets Expected total E&P spending 2013-2017 per country Brazil Norway USA Australia UK Angola M’sia India MZ Global 8-10 % CAGR over the period 250bn 220bn 190bn 150 150 100bn 75bn 40bn 25bn bn bn ■ Offshore focus, deepwater priority ■ Balance growth between North Sea and Intern
Slide 8: E&P spending – growth strengthens
E&P spending – growth strengthens Global E&P CAPEX spend Rebounded in 2011, expected to be 644bn USD in 2013, up from 604bn USD in 2012 Exploration at the forefront of spending growth Growth for next 5 years 10-15% Source: Barclays Capital Equity Research, Global E&P Spending Update, 4 Decembe
Slide 9: Q4 2012 | Key figures
Q4 2012 | Key figures Revenues and EBITDA Order intake and backlog NOK billion NOK billion Revenues EBITDA Intake Backlog 14 3,5 30 60 12 3 56.7 25 50 10 2,5 12.0 20 40 8 2 15 30 6 1,5 10 20 4 1 9.1 1.2 5 10 2 0,5 0 0 0 0 Q3 4 1 2 3 Q4 Q3 4 1 2 3 Q4 Q3 4 1 2 3 Q4 Q3 4 1 2 3 Q4 2011 2012 2011 2012 20
Slide 10: 2012 | Mixed performance by the Business Areas
2012 | Mixed performance by the Business Areas ENG MMO PRS MLS DRT SUB UMB WIS OMA EBITDA margin (%) 19,2 17,8 14,4 14,8 15,4 11,5 11,1 12,4 12,1 8,7 8,8 8,3 9,5 4,7 2,5 1,9 -1,7 EBIT margin (%) -36,6 10,6 10,3 13,6 13,4 8,2 10,4 10,5 6,2 7,9 8,5 6,7 8,0 1,3 0,8 1,9 -4,5 -6,8 99,6 -46,7 ROCE (%) 32,
Slide 11: Strong shareholder value creation in 2012
Strong shareholder value creation in 2012 Share price performance 2012 against peers1 NOK share 140 Aker Solutions +90 % 120 100 Cameron +30 % OSEBX +22 % 80 NOV +0 % 60 FMC -7 % 40 20 0 des-2011 feb-2012 Feb 12 apr-2012 Apr 12 jun-2012 Jun 12 aug-2012 Aug 12 okt-2012 Oct 12 des-2012 Dec 12 Current
Slide 12: Dividend still a priority
Dividend still a priority Dividend per share1 Dividend policy NOK million «The Board of Directors considers that the average dividend payments, over 3,90 4,00 time, should amount to 30 - 50 percent of the net profit, either through cash dividend and/or share buy-back.» 2,75 2,60 1,60 2009 2010 2011
Slide 13: Status Cat B project
Status Cat B project ■ The Cat B System Definition Phase (SDP) is ongoing ■ The purpose of the SDP is to fully mature all aspects of the concept ■ Technology development challenges related to subsea and riser design need to be resolved before SDP can be completed ■ When SDP is satisfactorily complet
Slide 14: Developing unique positions – Front End Spectrum
Developing unique positions Cat B Åsgard Snorre A DRT ENG DRT ENG SUB MMO OMA SUB WIS Front End Spectrum Public © 2013 Aker Solutions Slide 14 6 March, 2013 Preferred partner
Slide 15: Copyright and disclaimer
Copyright and disclaimer Copyright 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 for
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