Kongsberg Gruppen Asa · OSL:KOG
Kongsberg Gruppen Asa — Investor Day (2015)
21 slides from Kongsberg Gruppen Asa's investor day presentation, 2015
Slide 1: Kongsberg Oil & Gas Technologies
KONGSBERG OIL & GAS TECHNOLOGIES Egil Haugsdal, President
Slide 2: Disclaimer
DISCLAIMER This presentation contains certain forward-looking information and statements. Such forward-looking information and statements are based on the current, estimates and projections of the Company or assumptions based on information currently available to the Company. Such forward-looking in
Slide 3: Agenda
AGENDA THIS IS KONGSBERG OIL & GAS TECHNOLOGIES THE OIL & GAS MARKET CORE TECHNOLOGY & INNOVATION OPPORTUNITIES AHEAD © 2015 KONGSBERG – All rights reserved.
Slide 4: Kongsberg Oil & Gas Technologies
Offices in 6 countries 452 employees Revenues LTM 0,9 BNOK KONGSBERG OIL & GAS Order backlog 0,3 BNOK TECHNOLOGIES Attractive technology in selected niches Engineering and operational support Software and related services Subsea products and solutions Challenging markets © 2015 KONGSBERG – All right
Slide 5: Weak results in a deteriorating market
WEAK RESULTS IN A DETERIORATING MARKET REVENUES EBITDA 49 44 49 1 077 1 017 9,3% 6,3% 4,5% 876 702 -9,7% -19,9% 528 -99 -174 2011 2012 2013 2014 2015* 2011 2012 2013 2014 2015* * Last 12 months © 2015 KONGSBERG – All rights reserved.
Slide 6: Short backlog horizon
SHORT BACKLOG HORIZON BACKLOG 734 480 396 293 258 2015 2016 258 43% 57% 2011 2012 2013 2014 15Q3 BREAKDOWN BY DELIVERY DATES Life-cycle business and framework agreements not converted into delivery contracts are not included in the backlog. © 2015 KONGSBERG – All rights reserved.
Slide 7: Solutions for field extensions and modifications
SOLUTIONS FOR FIELD EXTENSIONS AND MODIFICATIONS • Innovative subsea solutions • Connecting pipeline and riser systems from well-head to topside • EPC projects • Specialised subsea products: – Subsea Storage Unit – Pig Launchers & Receivers – Active Subsea Cooler © 2015 KONGSBERG – All rights reserv
Slide 8: Statoil is saving 3,6 billion on Polarled
STATOIL IS SAVING 3,6 BILLION ON POLARLED FROM 11,1 TO 7,5 BILLION " This is due to good planning, good market knowledge and good execution - and the fact that we could combine several large projects when we went to the market and negotiated for pipes and vessels. Based on this, we were able to achi
Slide 9: SiteCom: solutions for reduced drilling and well cost
SOLUTIONS FOR REDUCED SiteCom® DRILLING AND WELL COST • Delivered to half of top 50 international operators • Supports hundreds of live • Improved performance drilling operations • Reduced non-productive time • Hosting thousands of wells • Ensuring optimal well construction • Making operational info
Slide 10: Production optimization
PRODUCTION OPTIMIZATION • Lifecycle simulators for design, verification, operator training and real- time decision support throughout the well-to-export process • Ensuring effective production and enhanced safety – LedaFlow® – K-Spice® © 2015 KONGSBERG – All rights reserved.
Slide 11: Our global business system
OUR GLOBAL BUSINESS SYSTEM Local offices in 6 countries REVENUE DISTRIBUTION 2014 International Norway 49% 51% EMPLOYEE DISTRIBUTION 2014 International Norway 50% 50% © 2015 KONGSBERG – All rights reserved.
Slide 12: Agenda
AGENDA THIS IS KONGSBERG OIL & GAS TECHNOLOGIES THE OIL & GAS MARKET CORE TECHNOLOGY & INNOVATION OPPORTUNITIES AHEAD © 2015 KONGSBERG – All rights reserved.
Slide 13: The oil & gas market
THE OIL & GAS MARKET TODAY AND SHORT TERM – CHALLENGES: Global offshore operator spend by service type • Very low investment level in the industry caused by the falling oil prices MEDIUM AND LONG TERM – OPPORTUNITIES: • A change in oil companies’ behavior • A new industry mentality with focus on cos
Slide 14: Agenda
AGENDA THIS IS KONGSBERG OIL & GAS TECHNOLOGIES THE OIL & GAS MARKET CORE TECHNOLOGY & INNOVATION OPPORTUNITIES AHEAD © 2015 KONGSBERG – All rights reserved.
Slide 15: Today's drilling operations
TODAY’S DRILLING OPERATIONS Photos: Ingvar Tjostheim © 2015 KONGSBERG – All rights reserved.
Slide 16: BP Well Advisor
BP WELL ADVISOR SiteCom® CASING RUNNING – FIRST CONSOLE DEVELOPED: • Installed on 32 offshore platforms • No stuck casing incidents to date whenever the console is utilized • Estimated value of reduced Non Productive Time: More than $200m/year © 2015 KONGSBERG – All rights reserved.
Slide 17: Subsea automated pig launcher
SUBSEA AUTOMATED PIG LAUNCHER Project scope: • To build and test a prototype for qualifying the system to subsea standards • Lower OPEX and CAPEX • Improving safety © 2015 KONGSBERG – All rights reserved.
Slide 18: Agenda
AGENDA THIS IS KONGSBERG OIL & GAS TECHNOLOGIES THE OIL & GAS MARKET CORE TECHNOLOGY & INNOVATION OPPORTUNITIES AHEAD © 2015 KONGSBERG – All rights reserved.
Slide 19: Opportunities ahead
OPPORTUNITIES AHEAD SUBSEA STORAGE UNIT SUBSEA AUTOMATIC PIG LAUNCHER ACTIVE SUBSEA COOLER SITECOM WELL ADVISOR © 2015 KONGSBERG – All rights reserved.
Slide 20: Key take-aways
KEY TAKE-AWAYS • A challenging market, expected to continue for some time • We believe in increased focus on cost • We adapt to the market situation by: – Aligning capacity and cost level with expected activity – Focusing on new and exisiting technology © 2015 KONGSBERG – All rights reserved.
Slide 21: Kongsberg Capital Markets Day
KONGSBERG CMD CAPITAL MARKETS DAY