Aker Solutions Asa · OSL:AKSO
Aker Solutions Asa — Aker Kvaerner — Shareholder Meeting (April 2008)
10 slides from Aker Solutions Asa's shareholder meeting presentation, Apr 3, 2008
Slide 1: The Preferred Partner
The Preferred Partner Simen Lieungh President & CEO Annual General Meeting 3 April 2008 part of Aker Agenda ■ Aker Kvaerner in brief ■ Update on the business ■ Strategy going forward ■ Concluding remarks part of Aker Slide 2 © 2008 Aker Kvaerner
Slide 2: Aker Kvaerner in brief
Aker Kvaerner in brief Company overview 2007 Revenues/EBITDA ■ A leading global provider of P&C 18% engineering and construction, Field Development 28% technology products, execution, P&T 21% service and integrated solutions ● Oil and gas Subsea 17% MMO 16% ● Process industry Revenues: NOK 58 billio
Slide 3: Long-term strategic ownership in Aker Kvaerner
Long-term strategic ownership in Aker Kvaerner 30% 60% 7.5% 2.5% Aker Holding 40.27% part of Aker Slide 5 © 2008 Aker Kvaerner Stable high order backlog Order intake Order backlog NOK million NOK million 20000 70000 18000 60000 58.3 16000 14000 13.3 50000 12000 40000 Field Development 10000 MMO 3000
Slide 4: Major contract awards in 2007
Major contract awards in 2007 Engineering and management assistance for the Skarv FPSO - BP Two drilling equipment contracts – Daewoo Contract value ~NOK 2 billion Contract value ~USD 213 million 5 year global subsea agreement - StatoilHydro Longview project – Genpower Holdings Contract value ~ NOK
Slide 5: Aker Kvaerner group - Cash flow
Aker Kvaerner group - Cash flow (in NOK million) 2007 2006 Δ Net c/f from oper. act. 2 675 2 636 39 Net c/f from investing Activities -1 575 985 -590 Net c/f from financial Activities -3 013 -4 688 1 675 Translation adjustment -228 -13 -215 Net +/- in cash and bank deposits -2 142 -1 080 -1 062 Cash
Slide 6: Financial guidance 2008-2010
Financial guidance 2008-2010 Continuous profitable growth ■ Revenues of NOK 58-60 billion in EBITDA margin (%) 2008 and thereafter 8-10 % 12 9-11 % annual growth in 2009 and 2010 10 ■ Steady growth of EBITDA margin: ~8.0 % 8 6.8 % approximately 8 % in 2008 5.7 % growing to 9-11 % in 2010 6 4.9 % ■ E
Slide 7: Valgkomiteens innstilling
Valgkomiteens innstilling Ordinær generalforsamling Aker Kværner ASA Oslo, 3. april 2008 part of Aker Valgkomiteens arbeid ■ Sammensetning ● Kjell Inge Røkke, formann ● Gerhard Heiberg ● Kjeld Rimberg ■ Arbeidsform ● Tre møter avholdt ● Vurdert styrets arbeid ● Mottatt innspill fra enkeltaksjonærer
Slide 8: Styrets medlemmer
Styrets medlemmer Leif-Arne Bjørn Siri Fürst Vibeke Karl Erik Heidi M. Langøy Flatgård Hammer Kjelstad Petersen Styreformann Nestformann Madsen På valg Fratrer Valgt av og blant Ikke på valg de ansatte Atle Arve Toft Åsmund Ingebreth Teigland Knudsen Forus part of Aker Slide 15 © 2008 Aker Kvaerner
Slide 9: Styrets medlemmer
Styrets medlemmer Martinus Bjørn Siri Fürst Vibeke Leif-Arne Heidi M. Brandal Flatgård Hammer Langøy Petersen Styreformann Nestformann Madsen Foreslått gjenvalgt Valgt av Foreslått ny og blant styreformann de ansatte Ikke på valg Atle Arve Toft Åsmund Ingebreth Teigland Knudsen Forus part of Aker Sl
Slide 10: Disclaimer
Disclaimer ■ This Presentation 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 Presentation are based on current expectations, estimates and projections a