Preferred partner 4Q Fourth-Quarter and Annual Results 2014 Fornebu, February 13, 2015 Luis Araujo and Svein Stoknes 2015 Aker Solutions Slide 1 February 13, 2015 Fourth-Quarter and Annual Results 2014 Preferred partner
Agenda 4Q and Annual Results 2014 Introduction Luis Araujo Chief Executive Officer Financials Svein Stoknes Chief Financial Officer Q&A session Luis Araujo Svein Stoknes Q&A 2015 Aker Solutions Slide 2 February 13,…
Key Developments in 2014 Strong topline growth as sales rose in all business areas Major projects progressed as planned Profit margins strengthened, helped by improvement programs Healthy order backlog of NOK 48 billion MMO…
Focus on Operational Excellence and Cost Control Intensified efforts to reduce costs in all areas Deeper synergies pursued throughout less complex business Reorganized functions to avoid duplication and better utilize expertise…
Outlook Increased short-term market uncertainty amid concern over capital constraints, oil price drop Steady tendering in main markets, though risk of project delays North Sea activity seen sluggish next 1- 2 years even as projects…
Agenda 4Q and Annual Results 2014 Introduction Luis Araujo Chief Executive Officer Financials Svein Stoknes Chief Financial Officer Q&A session Luis Araujo Svein Stoknes Q&A 2015 Aker Solutions Slide 8 February 13,…
4Q 2014 Consolidated Income Statement Year-on-year revenue growth of 13.5% for full year 2014 and 21.3% for 4Q 2014 4Q 2014 EBITDA (excluding one-off items) reached NOK 782 million, equivalent to a margin of 8.6% Proposed dividend…
4Q 2014 Consolidated Cashflow, Capex and NCOA1 Strong 4Q 2014 cashflow from operations of NOK 2.1 billion Project progress and cash payments at year end drove significant favorable move in NCOA (NCOA at end of 4Q 2014 totaled negative…
4Q 2014 Financial Position Net interest bearing debt fell to NOK 397 million, and gross debt reached NOK 3.8 billion Financial leverage was 0.15x and gearing 7%, well below policy at 1 x net interest bearing debt / EBITDA and less than…
Subsea Strong 4Q 2014 revenue growth to NOK 4.8 Order intake in 4Q rose 43.5% to NOK 2.4 billion, up 36.7% vs. 4Q 2013 billion from NOK 1.7 billion a year earlier Main driver was progression of work on major End 4Q order backlog was…
Umbilicals 4Q 2014 revenues of NOK 637 million, flat vs. Tender activity was high in the fourth quarter, but prior year period no significant orders were secured due to project delays Main driver was increased activity at the U.S.…
MMO 4Q 2014 Revenue down 4.8% vs. last year to Order intake in 4Q was NOK 2.5 billion, NOK 2.5 billion equivalent to 1.0x book-to-bill, up 134% on 3Q 2014, but down year-on-year due to a strong 4Q 2014 EBITDA margins of 4.1% showed…
Engineering Exceptional revenue growth of 50.3% vs. last Tendering activity steady and 4Q 2014 order year, reaching NOK 1.3 billion in 4Q 2014 intake rose 29.4% year-on-year to NOK 1.1 billion, equivalent to 0.9x book-to-bill Main…
Good Visibility From Strong Order Backlog1 4Q 14 Order backlog by execution date Order backlog and intake evolution NOK billion NOK billion 53.9 49.0 48.3 60 41.2 40.9 39.6 39.5 20 50 15 40 21.4 23.8 30 10…
Financial Guidance Revenue Balance sheet Positive long-term outlook for offshore Maintenance capex / R&D 3% of and deepwater remains in place, but revenues near-term uncertainty on award timing Current major capex expansion plans to…
Agenda 4Q and Annual Results 2014 Introduction Luis Araujo Chief Executive Officer Financials Svein Stoknes Chief Financial Officer Q&A session Luis Araujo Svein Stoknes Q&A 2015 Aker Solutions Slide 18 February 13,…
Preferred partner 4Q Additional Information 2015 Aker Solutions Slide 19 February 13, 2015 Fourth-Quarter and Annual Results 2014 Preferred partner
Consolidated income statement NOK million Income statement consolidated 1Q 2013 2Q 2013 3Q 2013 4Q 2013 FY 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 FY 2014 Operating revenue and other income 7,317 7,435 6,758 7,548 29,058 7,482 8,060 8,274…
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