Aker Asa Class A · OSL:AKER

Aker Asa Class A — Q2 2012 Earnings Presentation

16 slides from Aker Asa Class A's earnings presentation, Aug 17, 2012

  1. Slide 1: Second quarter presentation 2012

    Agenda ▪ Highlights, Outlook and Industrial Holdings Proud ownership Øyvind Eriksen President and CEO ▪ Financial Investments and Statement Trond Brandsrud Second quarter presentation 2012 CFO 17 August 2012 ▪ Q&A 17 August 2012 AKER ASA │Second quarter 2012 presentation 2 1

  2. Slide 2: Highlights and key financial indicators

    Second quarter 2012 Aker ASA and holding companies Highlights Key financial indicators Financials: Net asset value (NOK bn) ▪ Net asset value: NOK 20.1 billion – 10.7% decline in quarter after dividend 350 25 payment of NOK 0.8 billion in May 300 20 ▪ Value-adjusted equity ratio 87% vs. 83% in Q1 20

  3. Slide 3: This is Aker

    Aker ASA This is Aker 68 percent of investments related to oil and gas sector Seafood & Marine BioTech 6% Other 12% Industrial Financial Holdings Investments E&P 23% Aker Solutions1 40% 6.5 3.3 Cash Cash 14% Kvaerner1 41% 1.0 0.7 1.7 Receivables Oil and gas related 68% NOK Det norske 50% 5.0 0.7 Rea

  4. Slide 4: Overview of Aker assets

    Overview of Aker assets Overview of Aker assets Financial Investments Industrial holdings % of total Aker assets % of total Aker assets 2Q 2012 performance: 80%  Cash 29% • Cash holding NOK 3.3 billion, down NOK 1.0 71% 60% 61,1 % billion • NOK 0.8 billion in dividend disbursed to 47,7 % shareholde

  5. Slide 5: Changes in NAV in 2Q 2012

    Aker ASA and holding companies Overview of Aker’s portfolio based on different valuation approach BNOK per 30.06.12 Changes in NAV in 2Q 2012 Industrial holdings Financial investments 24 Debt & liabilities 26.4 22,5 (1,0) 23 Aker share price* 20.1 (0,2) Price MNOK 22 (0,6) (0,8) (0,3) 0,1 20,9 20,1

  6. Slide 6: Aker share price development vs OSEBX; Dividend and financial target

    Aker share price development vs OSEBX Dividend and financial target 8,0 % 7,2 % 7,1 % 25,0 % 7,0 % 6,0 % 5,5 % 5,0 % 4,7 % 20,3 % 5,0 % 3,7 % OSEBX 20,0 % 4,0 % Aker 4,4 % Aker 3,0 % 3,6 % 3,5 % 3,6 % OSEBX 3,3 % 2,0 % 15,0 % 1,0 % 0,0 % 11,1 % 12,8 % 2007 2008 2009 2010 2011 2012 10,7 % Dividend pa

  7. Slide 7: Industrial holdings: Aker Solutions

    Industrial holdings Aker Solutions Global oil services company providing services, technologies, product solutions and field life solutions Investment value of NOK 6.5 billion 28% Aker % of gross asset value (30.06.12) Industrial holdings Aker’s view  High tender and business development activity i

  8. Slide 8: Kvaerner and Det norske

    Industrial holdings Industrial holdings Kvaerner Det norske Specialized EPC oil and gas company Exploration & Production company on the Norwegian continental shelf Investment value of Investment value of NOK 1.0 billion NOK 5.0 billion 4% 22% % of gross asset value % of gross asset value ©Anette Wes

  9. Slide 9: Ocean Yield and Aker BioMarine

    Industrial holdings Industrial holdings Ocean Yield Aker BioMarine Vessel owning company with focus on low risk investments Integrated biotech company – uniquely positioned for krill in oil service & industrial shipping harvesting and processing Investment value of NOK 2.5 billion Investment value o

  10. Slide 10: Aker Seafoods and Financial investments

    Industrial holdings Aker Seafoods Leading trawl company with main focus on harvesting of whitefish Investment value of NOK 0.4 billion 2% % of gross asset value (30.06.12) Aker Aker’s view  Strong operational performance with record Aker’s investment (NOK million) Value as per 31.12.2011 - Financia

  11. Slide 11: Cash and receivables; Real estate (Receivables)

    Financial investments Financial investments Cash and receivables Real estate (Receivables) Investment value of NOK Investment value of 4.0 billion, excl. real estate NOK 0.7 billion 17% receivable 3% % of gross asset value % of gross asset value (30.06.12) (30.06.12) Key events Q2 Key events Q2 Forn

  12. Slide 12: Fund investments / Financial Statement

    Financial investments Fund investments Investment value of NOK 1.3 billion 6% % of gross asset value (30.06.12) Aker Key events Q2  Value of Fund investments rose NOK 0.2 billion to NOK 1.3 billion Financial Statement  Converto Capital Management’s assets under management rose to NOK 0.8 billion f

  13. Slide 13: Balance sheet; Interest bearing items and loan guarantees

    Aker ASA and holding companies Aker ASA and holding companies Balance sheet Interest bearing items and loan guarantees 31.12 31.03 30.06 5 000 Maturity profile 4 500 (in NOK million) 2011 2012 2012 4 000 1200 Tangible and non-tangible fixed asset 297 285 280 3 500 1000 1 172 Net interest bearing Lon

  14. Slide 14: Income statement

    Aker ASA and holding companies Aker ASA and holding companies Income statement Income statement in 2Q 2012 100 2Q 2Q 1H 1H Year (in NOK million) 2011 2012 2011 2012 2011 50 Sales gains - - - 47 1 191 39 0 Operating expenses (50) (48) (108) (112) (225) EBITDA (50) (48) (108) (66) 966 -50 Depreciation

  15. Slide 15: Ocean Yield Group financial statements

    Ocean Yield Group Financial statements In USD million Balance sheet 30.06.12 31.03.12 31.03.12 Property, plant and equipment 858 905 Deferred tax and intangible assets 48 47 Bonds and restricted cash 157 161 Other assets 19 19 Cash and cash equivalents 78 64 Industrial Financial Total assets 1 160 1

  16. Slide 16: 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

Aker — Q2 2012 Earnings Presentation on 6ix