Slide 1: Macquarie Conference
For personal use only Macquarie Conference Chris Ashton, Chief Executive Officer 4 May 2021 worley.com Worley Macquarie Conference 2021 1
Slide 2: Disclaimer
Disclaimer For personal use only The information in this presentation about Worley Limited and the entities it controls (Group) and its activities is current as at 4 May 2021 and should be read in conjunction with the Company’s Appendix 4D and Interim Financial Report for the half year ended 31 Dece
Slide 3: Key messages
Key messages For personal use only 1 2 Business set up for the Delivering a more future sustainable world Worley Macquarie Conference 2021 3
Slide 4: Our actions have set the business up for the future
For personal use only Our actions have The safety and well-being of our people remains our priority set the business Strong capital management: net debt at lowest level since ECR acquisition and up for the future disciplined cash collection Operational savings target increased by $75m1 to $350m1 by
Slide 5: Market update
Market update For personal use only Upstream and midstream Capex and opex oil and gas investment by region • Some recovery in project sanctioning expected in 2021 900 • Demand for LNG expected to grow faster than supply supporting long term investment 600 EMEA USD b Sustainability themes Americas 30
Slide 6: Market update
Market update For personal use only Refining and chemicals Global chemical output rebounding with year-on-year growth forecast • Refining industry under ongoing pressure Year-on-year % change in • Major chemicals customers reporting improved earnings and 2 2020 increasing capex announcements 2022 20
Slide 7: Our sustainability pivot providing the structural framework for growth
For personal use only Our sustainability pivot providing the structural framework for growth Sustainability as defined by $1.2b revenue in H1 FY21 at Energy transition and circular our sustainability domain more favorable margins economy opportunities increased from 11% to 18% of total factored sale
Slide 8: Addressing climate change through strategic action
Addressing climate change For personal use only through strategic action We operate in environmentally responsible manner and provide our customers with solutions for complex sustainability challenges: Aligned with Paris Agreement and UN Sustainable The biggest role we have to play is in supporting
Slide 9: Our sustainability domain
Our sustainability domain Capability1 Mid to long-term opportunity2 For personal use only Energy Transition Low-carbon hydrogen, CCUS, transition materials, nuclear, solar, offshore wind, DES3 Circular Economy Waste to energy, bio-based products such as renewable fuel, plastics recovery Restoration
Slide 10: Sustainability is a growing part of our business
Sustainability is a growing part of our business For personal use only • Sustainability represented 29% of H1 FY21 Sustainability domain aggregated revenue, similar to whole of FY2020 50% 45% • Sustainability opportunities represent 45% of 45% factored sales pipeline1 at January 2021 40% 39% • Aroun
Slide 11: Sustainability project complexity drives gross margin
Sustainability project complexity drives gross margin For personal use only • Our target sustainability projects are technically Factored sales pipeline revenue1 (proportion of total) complex with a similar risk profile to other 25% services – not lump sum turn-key 20% 15% • Sustainability opportuni
Slide 12: Delivering sustainable outcomes for customers
Delivering sustainable outcomes for customers For personal use only Energy Transition Circular Economy Track record of 2400+ Energy Transition projects 70+ 200+ 700+ 130+ Low-carbon hydrogen Carbon capture, utilization Wind power projects Renewable fuels & waste-to- projects and storage (CCUS) proje
Slide 13: Nouryon: Low-carbon hydrogen
Nouryon Low-carbon hydrogen For personal use only Green hydrogen for the Amsterdam metropolitan area • Scaling up plant capacity for the world’s first 100 MW electrolyzer built • Decarbonizing steel production and providing renewable feedstock for biofuel production • Broader opportunities across su
Slide 14: 1PointFive: CCUS
For personal use only 1PointFive CCUS First commercial scale development using of Carbon Engineering’s Direct Air Capture (DAC) technology The technology involves the removal of CO2 directly from the atmosphere Each DAC unit has an expected design capacity to extract one million metric tons of atmos
Slide 15: Drax: CCUS
For personal use only Drax CCUS Our work for Drax has the potential to capture and store a combined total of 8 million tonnes of carbon dioxide a year That is equivalent to taking 1.5 million passenger cars off the road Image courtesy of Drax Worley Macquarie Conference 2021 15
Slide 16: Ørsted: Offshore wind
For personal use only Ørsted Offshore wind Designing and installing ‘Revolution Wind’ An offshore wind farm for Connecticut and Rhode Island that will generate enough to power more than 350,000 homes Worley Macquarie Conference 2021 16
Slide 17: Phillips: Renewable fuels
Phillips 66 For personal use only Renewable fuels Converting refinery to renewable fuels- manufacturing facility • Expected to be one of the world’s largest facilities of its kind • Will produce up to 2.5 billion litres per year of renewable transportation fuels Worley Macquarie Conference 2021 17
Slide 18: Customers recognize our competitive advantage
Customers recognize our competitive advantage For personal use only “We partnered with Worley for this historic “The Worley team brings strong expertise project because our organizations are like- in technology assessment and has minded in their vision of sustainability. extensive experience in scal
Slide 19: Summary
Summary For personal use only Business set up for the future Delivering a more sustainable world • We continue to actively manage • Our sustainability pivot provides the • Sustainability opportunities in our what is in our control structural framework for growth and factored sales pipeline1 are • Di
Slide 20: For personal use only
For personal use only & Worley Macquarie Conference 2021 20
Slide 21: Registered office
For personal use only Registered office: Level 17, 141 Walker Street North Sydney NSW 2060 Australia T: +61 2 8923 6866 E: investor.relations@worley.com Worley Limited ABN 17 096 090 158 worley.com