Kongsberg Gruppen Asa · OSL:KOG
Kongsberg Gruppen Asa — Kongsberg Oil & Gas — Investor Day (November 2014)
14 slides from Kongsberg Gruppen Asa's investor day presentation, Nov 5, 2014
Slide 1: Kongsberg Oil & Gas Capital Markets Day
Kongsberg Oil & Gas Capital Markets Day Kongsberg, 5th November 2014
Slide 2: We addressed the cost challenges in last year's CMD
We adressed the cost challenges in last year’s CMD © 2014 KONGSBERG – All rights reserved. 04.11.2014 WORLD CLASS - through people, technology and dedication Page 2
Slide 3: Significant changes in the oil price due to new shale oil production
Significant changes in the oil price due to new production from North America shale oil Estimated 2020 NAM Shale Oil Production 115 $/bbl Changes in Rystad Energy estimates 13 mbbl/d 110 $/bbl Oil price (Brent) 12 mbbl/d 105 $/bbl 11 mbbl/d 100 $/bbl 10 mbbl/d 95 $/bbl 9 mbbl/d 90 $/bbl 85 $/bbl 80
Slide 4: Market impact on Kongsberg Oil & Gas
Market impact on Kongsberg Oil & Gas Immediate Adjust Focused value impact and align proposition and strategy • Project cancellation • Capacity adjustments • Focus on opex market and subsea field • Project delays • Opex reduction modifications programme • Instant Oil Company • Align strategy w
Slide 5: Key focus areas
Key focus areas Production optimisation for Solutions for improved facility performance: reduced drilling and well cost: Photo: Statoil Solutions for mature field extensions Kongsberg Oil & Gas and modifications: • Creating optimal solution performance by integrating state-of-the-art hardware with r
Slide 6: Challenging markets threatens revenue growth
Challenging markets threatens revenue growth 305 Revenues, MNOK 277 270 271 256 248 239 Key revenue and EBITDA drivers 183 172 185 183 162 120 122 • YTD revenues influence by several 103 subsea projects being postponed and some cancelled. • In addition, sale of software licenses Q1 Q2 Q3 Q4 Q1 Q2 Q3
Slide 7: Kongsberg Oil & Gas
Kongsberg Oil & Gas Engineering and Software and related Subsea products and operational support services solutions Main offerings Main offerings Main offerings • Engineering of cost effective • Software • Components for risers and solutions • Software related services flow lines • Technology based
Slide 8: Johan Castberg Project - a confirmation as an engineering partner
Johan Castberg Project - a confirmation of Kongsberg Oil & Gas as an engineering partner • Pre-FEED on Johan Castberg riser and flow line systems awarded June 2014 • Preparation of field layout design for Drivis • Optimization of the FPSO position in order to minimize the flow line route lengths • O
Slide 9: Optimising production using state-of-the-art software tools
Optimising production using state-of-the-art software tools Design: Process design, control system requirements Simulation Life Cycle Delivery: Validation including pre-commissioning Operation: Metering, production assurance, optimisation © 2014 KONGSBERG – All rights reserved. 04.11.2014 WORLD CLAS
Slide 10: Optimising production using state-of-the-art software tools
Optimising production using state-of-the-art software tools Demonstrated case from Snorre B (Statoil) Availability May: 85% Availability October: 96% Design oil prod.: 110 000 b/d • Dynamic Increase 11% system analysis • Optimisation © 2014 KONGSBERG – All rights reserved. 04.11.2014 WORLD CLASS - t
Slide 11: Subsea Storage Unit
Subsea Storage Unit - developing unique and environmentally step-changing oil storage solutions Subsea Storage Unit: New technology for storage of hydrocarbons Real case comparing Floating Storage Unit (FSU) with Subsea Storage: CAPEX OPEX CO2/NOx 20% 80% 90% © 2014 KONGSBERG – All rights reserved.
Slide 12: The market is challenging, but Kongsberg is well positioned within niches
The market is challenging, but KONGSBERG is well positioned within niches Falling oil price, reduced Our strategic position overall market growth, remains attractive within high focus on cost established niches Mixed views on E&P spend Strengthened position within and oil price, but long term engine
Slide 13: Concluding remarks
The market is challenging Concluding remarks still Kongsberg Oil & Gas is well positioned within niches • The oil & gas market is going through a downturn Falling oil price, reduced overall Our strategic position remain market growth, high focus on strong within established niches cost • 2014 has be
Slide 14: kongsberg.com
KONGSBERG EXPLORATION Bian