Kbr, Inc. · NYSE:KBR
Kbr — Credit Suisse 6th Annual Industrials Conference (November 2018)
12 slides from Kbr's conference presentation, Nov 28, 2018
Slide 1: Credit Suisse 6th Annual Industrials Conference
Credit Suisse 6th Annual Industrials Conference November 28, 2018
Slide 2: Disclaimer | Forward-looking Statements
DISCLAIMER | Forward-looking Statements This presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include statements regarding our plans, objectives,
Slide 3: KBR | Did You Know?
KBR | Did You Know? Leading service provider to Serving the UK MoD Providing solutions and Delivering clean energy the space community, through a comprehensive proprietary technologies that solutions through the supporting mission control, construction and facilities cater to growing demand for desi
Slide 4: Business Overview | QTD Highlights
Business Overview | QTD Highlights $ in millions, except EPS; results for the quarter ended September 30, 2018 Revenues Adjusted EBITDA1 Adjusted EBITDA1 Margin Revenue, Adjusted EBITDA and $124 Adjusted EPS growth fueled by industry $1,278 9.7% leading organic growth and strategic $1,034 $86 8.3%
Slide 5: Business Overview | Seven Quarters of Consistent Results
Business Overview | Seven Quarters of Consistent Results Adjusted Earnings Per Share Guidance and Results 1Q ‘17 • Annual Guidance AEPS $0.28 $1.10 to $1.40 2Q ‘17 • Raised Guidance AEPS $0.57 $1.25 to $1.45 3Q ‘17 • Raised Guidance AEPS $0.35 $1.35 to $1.50 4Q ‘17 • Achieved Annual AEPS $0.28 Resul
Slide 6: Business Overview | Outlook
Business Overview | Outlook Proposals Submitted, $26 B1 Tech, $1 Healthy government spending budgets, both domestic and international Government GS, $13 Breadth of capabilities expands synergy pursuits across the GS landscape Services Increasing best value selection opportunities and bundling
Slide 7: Financial Overview | 2018 Results to Date
Financial Overview | 2018 Results to Date Year to date results through September 30, 2018 Revenue GP+EE 1 Healthy 11% year-over-year revenue growth HS HS 25% 27% ‐ 51% growth in GS; industry-leading 11% organic $3.6 B $387 M Tech 10.8% GS ‐ 10% growth in Technology, all organic 6% 57% GS Tech 69%
Slide 8: Financial Overview | Convertible Senior Notes Due November 2023
Financial Overview | Convertible Senior Notes Due November 2023 Transaction Details Proactively Managing Dilution Gross / Net Proceeds & Tax Benefit: $350M / $316M 2 Methods of Dilution Protection Restores availability and LC capacity Stock Price at Issue: $20.01 1 Call Spread Overlay: – KBR
Slide 9: Final Thoughts
Final Thoughts Strong execution delivering solid earnings Healthy backlog and BTB Growing confidence in the restoration of LNG and downstream capital investment cycles, especially in the US and Middle East where KBR is well positioned Pipeline of near-term pursuits in each segment affords si
Slide 10: Investor Presentation KBR
10 Investor Presentation | KBR
Slide 11: Appendix | Non-GAAP Reconciliations
APPENDIX | Non-GAAP Reconciliations Quarter Ending ($ in millions, except EPS) Sep 30, 2017 Sep 30, 2018 Net Income Attributable To KBR $ 45 $ 58 Add Back: Interest expense $6 $ 20 Provision for income taxes $ 16 $ 22 Other non-operating (income) expense $4 $1 Depreciation & amortization $ 11 $ 17 C
Slide 12: Appendix | Non-GAAP Reconciliations
Appendix | Non-GAAP Reconciliations Reconciliation of GAAP Diluted Share to Economic Share Issuance Upon Conversion Ending Stock Price $21.00 $23.00 $25.51 $30.00 $32.00 $35.00 $40.02 $43.00 $45.00 $50.00 $55.00 $60.00 GAAP Convertible Shares 0.00 0.00 0.00 2.05 2.78 3.72 4.97 5.58 5.94 6.72 7.35 7.
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