KBC Advanced Technologies plc Investor presentation Year ended 31 December 2009 George Bright Group Chief Executive Nick Stone Operations and Finance Director March 2010 2010 KBC Advanced Technologies plc. All Rights Reserved.
About KBC For 30 years KBCs consultants have provided independent advice and expertise to enable leading companies in the global energy business to manage risk while maximising value from their assets. In times of economic…
Who we are KBC is an independent provider of optimised solutions to the energy industry NextGen George Bright Group Chief Executive PERFORMANCE Nick Stone Operations and Finance Director Marginal
2009 highlights A resilient performance in a challenging year for KBC Flat revenue and underlying profit but growth in contract awards and order book Strong Balance Sheet with no debt and net cash of 4m Dividend up 15% Current…
Highlights 60 Flat revenue and underlying 50 profits 40 2006 88% growth in software m revenue 30 2007 2008 Contract awards up 6% 20 2009 Workload backlog up 3% 10 0 PBT Turnover Contract Workload Awards Backlog
Summarised Group Income Statement at 31 December 2009 31 Dec 2009 31 Dec 2008 000 000 Revenue 52,587 52,769 Operating profit 4,771 5,489 Net finance cost (161) (98) Profit before tax 4,610 5,391 Taxation (1,576) (1,803)…
Income Statement analysis 2009 2008 000 000 Operating profit 4,771 5,489 Amortisation of acquisition intangibles 245 219 Research and development costs carried forward (105) (127) Amortisation of research and development costs…
Summarised Group Cash Flow Statement year ended 31 December 2009 12 months to 12 months to 31 Dec 2009 31 Dec 2008 000 000 Net cash from operations 2,564 6,781 Net finance cost (161) (98) Tax paid (1,588) (836) Capital…
Summarised Group Balance Sheet year ended 31 December 2009 12 months to 12 months to 31 Dec 2009 31 Dec 2008 000 000 Non-current assets 11,471 12,293 Current assets (excluding cash) 21,157 24,192 Net cash 3,975 5,691 Non-current…
Segmental analysis 2009 Revenue by region Revenue by product 2008 2008 ASIA 22% SOFTWARE 15% EMEA 34% CAPX 25% AMERICAS 44% OPX 60% 2009 2009 SOFTWARE ASIA 26% 28% CAPX 27% EMEA 35% AMERICAS OPX 45% 39%
Order book value 2009 45 40 35 30 25 m 20 15 10 5 0 Dec 06 Dec 07 Dec 08 Jun 09 Dec 09 within next 12 months beyond 12 months Contract awards up 6% Backlog up 3%
Order book value 2009 Order book by region Order book by product 2008 2008 EMEA 27% CAPX 16% SOFTWARE 30% ASIA 36% OPX 54% AMERICAS 37% 2009 2009 ASIA 34% EMEA 34% CAPX 20% SOFTWARE 29% OPX 51% AMERICAS 32%
Operational review Consulting Low utilisation improving by year end 12% staff cut 10% salary sacrifice Development of Environmental and Strategic capability CapX work held up well Software 88% revenue growth 170+ Petro-SIM…
Major contracts Our first O&M (operations and maintenance) contract with PetroVietnam worth US10m Corporate software licence with Petrobras worth US4m Conceptual engineering study for a grass roots refinery in Ecuador (SK E&C) worth…
World oil demand forecast Recession: trend growth slowed by four years Developments in Global Oil Demand, 2000 - 2030 World Oil Demand, 20002030 '000 b/d 105,000 '000 b/d 120,000 100,000 100,000 95,000 80,000 90,000…
Refinery output, world oil demand and refinery capacity: 1995-2017 Overcapacity: Without Closures, Margins Will Remain Under Pressure % '000 b/d utilisation 110,000 110% 105,000 105% 100,000 100% 95,000 95% 90,000 90%…
Major trends and developments Atlantic Basin refinery closures (also Japan) Depressed margins for foreseeable future Consolidations and exits Shell Essar INEOS Chinese interests (PetroChina at Grangemouth) Lyondell Basell…
Summary Strong finish to 2009 Growth in awards and backlog Reduced cost base Industry challenges will continue to generate opportunities Resumption in growth expected in 2010
Appendices
An independent consultancy 2009 Set up KBC Environmental Acquired TTS Performance Systems for human 2006 performance improvement services and Veritech to extend energy services 2004 Petro-SIM Plant-wide flowsheet simulation…
Global client base
KBCs solution Evolution of client message Development of OpX, CapX, Strategy products into solution sets Establishment of Environmental capability Diagnosis of client needs to develop prescribed collaborative approach Joint…
What we do Provide improvement in operating performance through solutions in yield & energy, maintenance, human capital development and cost optimisation Provide support to capital projects through market and strategic studies,…
Broad solutions for a variety of challenges Strategic challenges: Operating challenges: Creating effective business strategy Improving yield Increasing return on investments Increasing availability Enhancing returns on acquisitions/…
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