Kbr, Inc. · NYSE:KBR
Kbr — Johnson Rice & Company Energy Infrastructure Conference (October 2008)
11 slides from Kbr's conference presentation, Oct 7, 2008
Slide 1: Johnson Rice & Company Energy Infrastructure Conference
Johnson Rice & Company Energy Infrastructure Conference Bill Utt – Chairman, President, and CEO Kevin DeNicola – Senior Vice President and CFO October 7, 2008
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains “forward-looking statements.” All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements include statements about the benefits of the split-off, the discussions of K
Slide 3: Upstream Business Unit: LNG Market Outlook and Prospects
Upstream Business Unit ¾LNG Market Outlook ¾ $150 vs. $90 per barrel – What’s the difference? ¾ Customer long-term focus ¾ Still above price decks ¾ Underlying economics remain strong ¾ Need reduced uncertainty in material commodity markets ¾Strong LNG Prospects ¾ NLNG Train 7 ¾ Gorgon LNG ¾ FEED Wo
Slide 4: Upstream Business Unit: LNG Portfolio and Offshore Growth
Upstream Business Unit ¾KBR’s Current LNG Portfolio ¾ Skikda LNG ¾ Tangguh LNG ¾ Yemen LNG ¾Well Positioned for Growth in Offshore ¾ Growth opportunities ¾ Recent announcements ¾ BP Offshore Developments ¾ Pazflor FPSO Topsides ¾ Pluto Offshore Platform ¾ North Rankin B Platform 2
Slide 5: Government & Infrastructure Business Unit
Government & Infrastructure Business Unit ¾LogCAP III & IV ¾ Current LogCAP III status ¾ LogCAP IV transition ¾ Timing / Impact ¾ Revenue and margin expectations ¾Skopje Embassy Project ¾ Historical perspective ¾ Developments during Q208 ¾ Completion expectations ¾Other Growth Opportunities 3
Slide 6: Services Business Unit: BE&K Acquisition
Services Business Unit ¾BE&K Acquisition ¾ Strategic Overview ¾ Integration progression ¾ BE&K Financials (Fiscal Year Ended March 2008) ¾ Revenue = $1.9 billion; Gross Profit = $180 million; ¾ Net Income after tax from continuing operations = $35 million; ¾ Backlog at June 30, 2008 = $2.01 billion
Slide 7: Wabi Development Corporation Acquisition
Wabi Development Corporation Acquisition f Fabrication, construction and maintenance MINING PROJECTS services Contractor Diavik , NWT f Oil sands, mining and forestry market sectors ALBERTA OILSANDS PROJECTS f Revenue: C$124 million Fort McMurray, Alberta f Headcount 350 f Secures alternative (CLAC)
Slide 8: Downstream, Technology, and Ventures Business Units
Downstream, Technology, and Ventures Business Units ¾Downstream ¾ Ras Tanura integrated project ¾ Yanbu export refinery project ¾Technology ¾ Leverage intellectual property ¾ Increase pull through opportunities ¾Ventures ¾ Expect positive earnings contribution in 2009 ¾ No further Alice Springs/Darw
Slide 9: Balance Sheet Overview
Balance Sheet Overview ¾Cash Position ¾ “Excess” cash as of June 30, 2008 ¾ Returning Cash to Shareholders ¾ Share repurchase program ¾ Quarterly dividend ¾Balance Sheet Strength for Growth ¾ Strong cash position ¾ Debt free ¾ Bonding capacity capabilities 7
Slide 10: 2008 Outlook
2008 Outlook ¾LogCAP III work to essentially continue at present levels for remainder of 2008 ¾ BE&K impact to be reported in KBR’s third quarter of 2008 results ¾ASCO litigation update ¾Continued confidence that businesses will continue to perform as strongly as first half of 2008 8
Slide 11: Slide 11
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