KBC Advanced Technologies plc Investor presentation p Year ended 31 December 2010 George Bright Group Chief Executive Nick Stone Operations and Finance Director PROPRIETARY 2011 KBC Advanced INFORMATION Technologies plc. All Rights…
Highlights Underlying profit in line 70 with expectations 60 Record sales awards 50 2007 40 m US42m Pemex award 30 2008 2009 20 Backlog up 43% 2010 10 Strong second half cash 0 generation Underlying O…
Operational highlights 2010 Pemex PIPs - US42m, 6 site, 3 year programme of operational improvements 2 sites well underway, second phase expected to start in April Operations and maintenance contract with PetroVietnam worth US10m…
2010 Consulting operations Second half recovery following low consultant utilization period in 2Q Annualised cost savings of 1.3m 1.3m pa implemented in 2Q Organisational and operational solutions successful in North America and…
2010 - Software Petro-SIM V4 released Improved functionality, fidelity and user friendliness C Competitive titi advantage d t on b bothth software ft sales l and d consulting lti As predicted, year end seasonality was again…
Summarised Group Income Statement at 31 December 2010 12 months to 2 months to 31 Dec 2010 31 Dec 2009 000 000 Revenue 53,061 52,587 Operating profit 3,776 4,771 Net finance f cost ( (128) ) ( (161) ) Profit before tax 3,648…
Income Statement analysis 12 months th tto 12 months th tto 31 Dec 2010 31 Dec 2009 000 000 Operating profit 3 776 3,776 4 771 4,771 Amortisation of acquisition intangibles 247 245 Research and development costs carried…
Summarised Group Cash Flow Statement at 31 December 2010 12 months to 12 months to 31 Dec 2010 31 Dec 2009 000 000 Net cash from operations 5,866 2,564 Net finance cost (128) (161) Tax paid (1,557) (1,588) C it l expenditure…
Order book value at December 2010 70 60 50 40 m 30 20 10 0 Dec 07 Dec 08 Dec 09 Jun 10 Dec 10 beyond 12 months within next 12 months PROPRIETARY INFORMATION 9
Revenue and order book analysis Order book by region Revenue by region Revenue b R by segmentt full year 2009 full year 2009 full year 2009 Software Consulting Asia EMEA Americas Asia EMEA Americas 0% 26% 32% 30% 34% 39%…
The refining market 450 refineries accessible to KBC crude oil throughput of 89m barrels per day (b/d) energy cost of 75bn per year Annual operating and maintenance expenditure of 22bn Current high crude prices putting margins under…
World oil demand forecast Demand growth of 2.5mbpd in 2010 Decline D li iin W Western E Europe/North /N h America Significant growth in Asia Alternative feedstocks/ biofuels becoming more significant Regional impacts…
Industry drivers for KBC Capital spend distribution North America 1% Latin America 23% Middl East Middle E t 19% Asia 38% Lack of experienced staff Population and oil consumption growth Refinery investment Regulatory pressures…
Opportunities for growth outside refining KBCs solutions transferable to other process industries: Energy management and reduction Organisational improvement Maintenance strategies Adjacent industries with high future investment:…
Summary Strong finish to 2010 Order Book and Backlog at record levels Pipeline of sales still strong High utilisation from start of year Reduced cost base Industry challenges and geopolitical uncertainties will continue to…
Appendices KBCs Business PROPRIETARY INFORMATION
What we do KBC provides: facility optimisation based on minimising energy use, minimsing feedstock cost cost, maximising finished product value, improved maintenance programmes, and enhanced staff training and operating procedures…
How we do it Where Main regional centres in Walton on Thames, Houston and Singapore 300+ employees including 200 consultants, 30 software developers 200+ refining, petrochemical, process industry and financial services clients…
Global client base 19 19 PROPRIETARY INFORMATION
Summarised Group Balance Sheet at 31 December 2010 As at As at 31 Dec 2010 31 Dec 2009 000 000 Non-current assets 13,424 11,471 Current assets (excluding cash) 23,533 21,157 N t cash Net h 4 506 4,506 3 975 3,975 Non-current…
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