Aker Asa Class A · OSL:AKER
Aker Asa Class A — H1 2009 Earnings Presentation
11 slides from Aker Asa Class A's earnings presentation, Aug 19, 2009
Slide 1: Status and outlook January – June 2009
The preferred partner AKER ASA Aker Status and outlook January – June 2009 Øyvind Eriksen, President & CEO Bengt A. Rem, CFO Oslo, 19 August 2009 2Q09 headlines Important milestones in Aker Active ownership further enhanced in new organisation • Operating companies in two segments: Industrial hold
Slide 2: Key indicators; This is Aker
Aker ASA and holding companies Key indicators Net Asset Value 1 Asset values 1 Treasury Debt (NOK bn) (NOK bn) (NOK bn) (NOK bn) 30 30 12 12 25 25 10 10 20 20 8 8 15 15 6 6 10 10 4 4 5 5 2 2 0 0 0 0 2Q 3Q 4Q 1Q 2Q 2Q 3Q 4Q 1Q 2Q 2Q 3Q 4Q 1Q 2Q 2Q 3Q 4Q 1Q 2Q 08 08 08 09 09 08 08 08 09 09 08 08 08 09
Slide 3: This is Aker; Overview of Aker asset – Industrial investments
This is Aker Distribution of asset values 1 (market values at 30.6.09) Industrial Financial Holdings Holdings NOK 21.1 billion asset values (market) 7.7 bn (36 %) 12.0 bn (57 %) 1.4 bn (7 %) Industrial holdings Treasury Financial Including cash, cash equivalents, holdings interest-bearing assets, sh
Slide 4: Aker Drilling rigs delivered; Positioning within the E&P business
Key events Aker Drilling rigs delivered Aker Barents • On contract from 26 July Aker Spitsbergen • In final stages of completion The preferred partner Jan-June 2009 | Status and outlook | 7 AKER ASA © Aker | August 2009 Key events Positioning within the E&P business Aker seeks role as owner in
Slide 5: Primary growth areas; Overview of Aker asset – Financial assets
Key events Building on the strenghts of Aker Solutions Energy develop- ment & services Subsea Primary growth areas Deepwater Increased oil recovery Aker Solutions has Marine operations strengthened position in Lifecycle services identified growth areas Products & Technologies Strategic g
Slide 6: Aker Capital Fund; Fund and management structure
Overview of Aker Financial asset Aker Capital Fund Total values NOK 1.1 billion as of 1.7.09 Aker Floating Listed assets value2 Other assets (not listed) Production Aker Seafoods 233 Aker Ocean Harvest Other listed American Shipping 1 43 AMSC bond 1 Aker Floating Prod 95 AMSC trs 1 AMSC
Slide 7: Overview of Aker asset – Treasury
Overview of Aker asset Treasury1 Cash and Strong liquidity position cash equiv NIBOR + 2.1 bn • Cash and cash equivalents at NOK 2.1 billion other current assets • NOK 550 million of other short int-bearing 4.8 % current assets has been Listed realised to cash in 3Q bonds 7.8 % Aker Solutions 1.1
Slide 8: Balance sheet; Debt and liabilities overview
Aker ASA and holding companies Balance sheet 31.12 31.3 30.6 (in NOK million) 2008 2009 2009 Tangible and non-tangible fixed asset 1 483 1 482 1 396 Long-term interest bearing items 3 834 4 605 6 815 Long-term financial assets 8 710 8 297 8 712 Other current assets 297 541 954 Short-term interest be
Slide 9: Profit and loss statements; Important milestones passed
Aker ASA and holding companies Profit and loss statements 2Q 2Q YTD YTD Year (in NOK million) 2008 2009 2008 2009 2008 Sales gains 213 391 346 391 346 Operating expenses (41) (43) (87) (102) (192) EBITDA 172 348 259 289 154 Depreciation (5) (5) (9) (9) (18) Net financial items 83 303 179 265 624 Wri
Slide 10: IR Contacts
Aker group IR Contacts Company (Ticker) Name Phone (dir line) E-mail Aker Geir Arne Drangeid +47 24 13 00 65 gad@akerasa.com (AKER) EVP Bengt A Rem +47 24 13 00 30 bar@akerasa.com CFO Aker Solutions Lasse Torkildsen +47 67 51 30 39 lasse.torkildsen@akersolutions.com (AKSO) VP Investor relations Aker
Slide 11: Disclaimer
Disclaimer This Document includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. These statements and this Document are based on current expectations, estimates and projections about glo