Worley Limited · ASX:WOR

Worley — WorleyParsons — UBS Fourth Annual Australian Resources Conference (June 2006)

15 slides from Worley's conference presentation, Jun 20, 2006

  1. Slide 1: UBS Fourth Annual Australian Resources Conference

    [iia] WorleyParsons resources & energy UBS Fourth Annual Australian Resources Conference WorleyParsons John Grill —- Managing Director / Chief Executive Officer when experience counts

  2. Slide 2: Global reach

    WorleyParsons Global reach fesources & energy Neweastle Sydne! Rockingham y Whangaret uckiand

  3. Slide 3: Contract announcements

    WorleyParsons Contract announcements fesources & energy » ExxonMobil Chemicals Beaumont Texas e Asset Services » NCP Petrochemical Complex e ChevronPhillips and Saudi Industrial Investments e US$35m » CNOOC Refinery Scope Reduction » KOC Program Management Services Contract e US$220m (US$166m procur

  4. Slide 4: Within WorleyParsons

    WorleyParsons Hydrocarbons within WorleyParsons fesources & energy » Approximately 70% of business » Heritage Worley Operations e Offshore e Australia, South East Asia, Middle East e Mid size projects (100%) JV for Mega Projects Brownfields, Asset Services » Heritage Parsons E&C e Onshore, Gas Plant

  5. Slide 5: Differentiators

    WorleyParsons Differentiators fesources & energy 1. Committed, empowered and technically capable people 6. identification, integration and growth of value-adding acquisitions when experience counts

  6. Slide 6: Meeting the global resource challenge

    WorleyParsons Meeting the global resource challenge fesources & energy » New entrants to industry e Graduates e Attract back into industry » Utilise HVE centres e Traditionally China / India e Non traditional Asia, FSU, other » Workshare and increased global utilisation » Retention of existing staff

  7. Slide 7: Source of energy supplies in 2004

    WorleyParsons Source of energy supplies in 2004 fesources & energy Hydro Nuclear @lectric Energy 6% 6% Oil 37% Coal 27% Natural Gas 24% Source: BP Resources 2004 when experience counts

  8. Slide 8: Oil reserves

    WorleyParsons Hydrocarbons - oil reserves fesources & energy » >75% of oil reserves held by NOCs Saudi Aramco Iraq NOC Kuwait Petroleum ADNOC National iran Oi! Co PDV Libyan Nat Oil Co Pemex EZ Nigerian NPC QatarPC fou Lukoil ExxonMobil Petrochina G National Oil Company Yukos @ Other Shell 50 100 15

  9. Slide 9: Gas reserves

    WorleyParsons Hydrocarbons - gas reserves fesources & energy » >87% of gas reserves held by NOCs Source: Douglas Westwood Co. » Relationships with IOCs remain important as facilities are debottlenecked and an increased focus on asset integrity develops » NOCs will move to multi country / region when

  10. Slide 10: Worldwide Refining Capacity by Region

    WorleyParsons Worldwide Refining Capacity by Region fesources & energy 40 2003 | M2025 z= 30 | | a i o 2 # o r r = 20 ae ae 3 re i a : c ie . & ae os = 10 _. t : 7 | : a - North Central & Europe Middle Asia/ Rest of America South East Pacific World America when experience:counts

  11. Slide 11: Relationships

    WorleyParsons Hydrocarbons - relationships fesources & energy » Relationship with |OCs (Independent Oil Companies) e Design and build new projects e De-bottleneck existing facilities, asset integrity e Projects are larger, complex, difficult, remote and in joint venture » Relationship with NOCs (Nat

  12. Slide 12: Changes

    WorleyParsons Hydrocarbons - changes fesources & energy What has changed: » NOCs of increasing importance e Local content and technical knowledge » Brownfields faster than greenfields » Requirement to mobilise resources globally e Increasing importance of joint ventures » Downstream and petrochemica

  13. Slide 13: Challenges

    WorleyParsons Hydrocarbons — challenges fesources & energy » Global resources challenge » Cost and schedule issues e Procurement & Fabrication capability » Political stability in developing regions » Potential for over investment e Downstream issue » Best guess on prices when experience counts

  14. Slide 14: Outlook

    WorleyParsons Outlook fesources & energy At the release of the 2006 first half net profit after tax result the company indicated that: “We expect the markets for WorleyParsons’ services will continue to be strong. Our key markets and sectors continue to experience positive conditions, in particular

  15. Slide 15: UBS Fourth Annual Australian Resources Conference

    [iia] WorleyParsons resources & energy UBS Fourth Annual Australian Resources Conference WorleyParsons John Grill —- Managing Director / Chief Executive Officer when experience counts

WorleyParsons — UBS Fourth Annual Australian Resources Conference (June 2006) on 6ix