Atkinsrealis Group Inc. · TSX:ATRL
Atkinsrealis — SNC-Lavalin — Shareholder Meeting (2015)
36 slides from Atkinsrealis's shareholder meeting presentation, 2015
Slide 1: AGM 2015 Annual Meeting of Shareholders
AGM 2015 Annual Meeting of Shareholders
Slide 2: Welcome to the 2015 Annual General Meeting
Welcome to the 2015 Annual General Meeting Today, I will talk about the continued turnaround of SNC-Lavalin, our strengths and how these are translating into a competitive advantage, as well as the path forward. We will also review key financial results for 2014. 2
Slide 3: Hard at work for you
Hard at work for you Our employees make us who we are. Across over 50 countries, our over 40,000 employees are hard at work, committed to excellent quality and client service, creating value for investors, clients, partners and the communities we serve. 50 countries 40,000 employees 3
Slide 4: Safety is a core value
Safety is a No matter where in the world – we put people first and our goal is simple: core value zero incidents, for our employees, clients, supply chain, and most importantly the people in our communities who make use of our projects every day. 4
Slide 5: Reduced recordable incidents by 25% and lost-time injuries by 23%
As a demonstration of our performance, last year we reduced the total number of recordable incidents by 25% and lost-time injuries by 23%, compared to 2013. 25% 23% incidents lost-time injuries 5
Slide 6: A benchmark in ethics and compliance
A benchmark This is complemented by our commitment to serve our clients in ethics and and communities according compliance to the highest ethical standards. We believe that we have become a global benchmark in ethics and compliance in our industry. 6
Slide 7: A benchmark in ethics & compliance
A benchmark in ethics & compliance In order to protect employees, shareholders and other stakeholders, we developed an ethics and compliance system following worldwide best practices to Prevent, Detect and Respond to issues. We have been recognized for the concrete actions, significant efforts and p
Slide 8: While our ethics & compliance system is effective, we continue to work hard
While our ethics & compliance system is effective, we continue to work hard to resolve the related remaining external issues. The federal charges laid last February do not affect our right or ability to bid or work on any public or private projects, as we saw with a number of subsequent successful f
Slide 9: Keeping Canada competitive
Keeping Canada competitive Nevertheless, Canadian business should have the same policies that already exist in many countries, such as the US, UK and other G-7 countries, which ensure accountability and promote competitiveness. This would be good for Canada, Canadian companies and their employees. A
Slide 10: Sustainable project execution
Sustainable We are also recognized for our sustainable project execution. What really project counts and what makes employees and execution clients proud is our tangible contribution and the way our projects improve people’s lives. 10
Slide 11: Sustainable project execution
Sustainable project execution Our expertise adds value to our communities, business partners, governments and other stakeholders, such as: Improving environmental Reducing energy Helping our clients footprints and lifecycle consumption, resource with their social values of our clients’ projects use
Slide 12: Sustainable project execution
Sustainable project execution Some of these examples from around the world show our sustainable expertise. Health Carbon Capture Urban Development Environmental We are providing Montreal Boundary Dam power plant & Accessibility Protection & Clean Power with some of the most is the largest carbon cap
Slide 13: A solid foundation
A solid foundation Our past achievements and future success are based on strong fundamentals that continue to differentiate our remarkable company. A strong Great World-class Tier-1 financial clients talent projects position Tremendous potential End-to-end services SNC-Lavalin has a unique ability t
Slide 14: An attractive partner, investment and employer
An attractive Add to that a vast geographic footprint and rigorous processes and tools, and you get a partner, winning combination that allows us to meet investment diverse client needs in key growth regions and deliver projects around the world. and employer SNC-Lavalin has been around for over 100
Slide 15: The SNC-Lavalin advantage
The SNC-Lavalin advantage Our Tier-1 clients want to work with Tier-1 partners like us. This is a competitive advantage in all our market sectors – Infrastructure, Power, Mining & Metallurgy and Oil & Gas – where we have strong market positioning, diversification and integration on development proje
Slide 16: ICI – a competitive advantage
ICI – a competitive advantage Our ICI approach brings a clear competitive advantage by adding significant upside value to customers and investors through a disciplined approach to investing, managing and monetizing projects, in conjunction with robust access to capital and financing. Our proven abil
Slide 17: Moving forward on the sale of Highway 407
We are moving forward in a deliberate manner on the sale of Highway 407 this year, and have hired financial advisors to assist. We are accelerating the process to extract maximum value from our remaining ICI assets, and optimizing our financial asset management structure as we further develop this s
Slide 18: Key elements for growth
Key elements for growth Our strategy and determination are to grow and improve, and we have made headway in project delivery and business development, by focusing on: People Processes Systems A dedicated, mobile, Effective cost management Modern systems in diverse workforce led capabilities and SG&A
Slide 19: Well positioned globally
Well positioned globally Stockholm red line PKN Orlen Thermal Power Plant Examples of projects across the world Skikda Combined Cycle Power Plant Network Rail on their National Jifco Acid Complex, Eshidya Fort Hills Oil Sands Project ETCS Programme Saudi Arabia West Alberta Fouka Desalination Genera
Slide 20: Projects at a glance
Projects We have a video on three of these project achievements that include at a glance updates from our leaders. Chris Brown will give more depth to the added value Kentz brings to our family, followed by Marie-Claude Dumas from our Power team and Ian Edwards from Infrastructure. 20
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Slide 22: Where we are, and where we're going
Where we are, and where we’re going We are moving We made great progress on We continue to focus on forward on our goal to generate stable, growth and improvements our strategy above-average, long-term as part of our recovery effort announced profitability, and are aiming to to achieve industry medi
Slide 23: It's all about our clients
It’s all about our clients By providing clients with top-notch expertise, knowledge, and on time and on budget project delivery, we will ensure profitable growth and rewards for our shareholders. Areas Areas of focus that of strength we are delivering on › Great talent so our clients › The right eff
Slide 24: Transformative action
Transformative action We created a company that is better positioned to succeed and have shown our capacity to transform. AltaLink sale Kentz acquisition Improving internal Rebalanced our ICI portfolio Successfully acquired and processes to unlock additional value integrated Kentz which has Launched
Slide 25: Kentz – a value accretive acquisition
Kentz – And now, let me introduce you to Neil Bruce, a value Chief Operating Officer, accretive who will give us an overview of the Kentz acquisition acquisition and integration to date. 25
Slide 26: Kentz – a value accretive acquisition
Kentz – a value accretive acquisition The acquisition of one of the world’s top oil and gas service providers has transformed our capabilities in the sector, creating a group of over 20,000 high-caliber employees with end-to-end expertise for large and complex projects. The result is an enhanced, Ti
Slide 27: Kentz – a value accretive acquisition
Kentz – a value accretive acquisition Kentz brought us an incredible pool of top talent with complementary, high-end O&G engineering, construction and sustaining capital expertise. We have worked on 5 of Australia’s 7 Liquid Natural Gas projects. By year-end, we had successfully completed our integr
Slide 28: Kentz – more than oil and gas
Kentz – more than oil and gas Identified billions worth of projects where we have a stronger bid as a combined business. We’ve broadened our geography. Kentz engineers are actively helping our Mining & Metallurgy experts develop opportunities in North America, Australia and Africa. The combined Oil
Slide 29: Delivering on our strategy
Delivering on our strategy 35% › Building a world-class, profitable Kentz 13% Oil & Gas offering. › $10B E&C firm with increased scale. Proforma* 17% › Leveraging a global presence across with Kentz I&C 4 key sectors – Oil & Gas, Power, Revenue ≈$10.0 B Infrastructure, Mining & Metallurgy. *Based on
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Slide 31: Financials
Financials SNC-Lavalin has a strong financial position and has right-sized its operations, aiming to deliver sustainable net income growth. We saw growth from our backlog, revenues and net income, all in the face of softening world commodity markets. Our goal is to grow organically and through acqui
Slide 32: Financials: revenue backlog and cash
Financials Revenue backlog Cash and cash equivalents (IN BILLIONS CA$) (IN BILLIONS CA$) At the end of 2014, 12.3 1.7 revenue backlog stood at $12.3B and cash and 10.1 10.1 cash equivalents at 8.3 1.2 1.2 1.1 $1.7B, compared to $8.3B and $1.1B respectively, in 2013. 11 12 13 14 11 12 13 14 32
Slide 33: Financials: revenues and net income
Financials Revenues (IN BILLIONS CA$) We finished the year with 8.1 8.2 $8.2B in revenues 7.9 7.2 Net income, compared to $7.9B in 2013, 1,333 as reported and trending towards $10B (IN MILLIONS CA$) in 2015. 2014 adjusted net income was $374M compared to $112M in 2013. 377 374 Net income, 306 adjust
Slide 34: Financials: dividends
Financials Dividends (IN CA$) In 2014, we increased 0.97 0.93 our dividends by 4%, 0.85 0.89 maintaining a trend of 0.72 increases for each of the past 14 years. 10 11 12 13 14 34
Slide 35: 5-year strategic plan: what we said, what we did
5-year strategic plan What we said What we did › Markets accelerated › Transformed oil and gas Platforms Growth and sustain growth focus business through Kentz › Service mix – leverage full › Restructuring and right-sizing areas of the business with operations spectrum competitive advantage We did w
Slide 36: Merci
Merci Clients • Shareholders • Employees • Partners • Communities • Stakeholders Proud to build what matters 36