Forward Looking Statements This presentation contains forward looking statements. All statements, other than statements of historical facts which address activities, events or developments the Company expects or anticipates will or…
Willbros: Over 100 years of Global contractor specializing in energy infrastructure serving the oil, gas and power industries Offerings include engineering, procurement and construction (individually or as an integrated EPC service…
Willbros Vision and Values Our mission is to be a multi- multi-billion dollar engineering and construction company with a diversified revenue stream, exposure to high growth opportunities and ability to achieve more stable and…
Willbros Today Positioned for Success Recent Accomplishments Positive Market Indications Settled West Africa Pipeline Company Oil & Gas segment: (WAPCO) litigation 90% of planned 2012 revenue committed Completed DOJ monitorship and…
Willbros Business Segments Oil & Gas Canada Utility T&D Engineering Turnarounds Tank Construction Capital Transmission Utility Line EPC Manufacturing Slurry Line Construction (OH & UG) Locating Pipeline Field Services Maintenance…
Focusing on Growth Markets in North America Willbros has the backlog, resources and expertise to drive profitability from: Utility Transmission & Distribution Build-Out U.S. Oil and Gas Infrastructure: Large Diameter Pipelines…
Utility T&D Positioned for Growing Market Strong Utility T&D backlog of Electricity Transmission Infrastructure Market(1) (billions) 1.4 billion including: 13.9 13.7 Over 400 million of transmission 13.5 12.2 construction…
U.S. Production Growth Concentrated in Shale Plays is Changing Pipeline Landscape Active rig count: April 6, 2012 / Change in rig count from January 1, 2010 230/+149 10/+7 0/-3 21/+12 6/+0 21/-9 52/+34 113/+37 17/+13 42/+17…
Large Diameter Pipeline Construction Remains a Core Upstream Capability U.S. Pipeline Construction Forecast(1) Right-sized equipment fleet to Miles maintain capacity to execute 1 to 2 25,000 large diameter pipeline construction…
Operating & Expanding in the U.S. Production Plays Broaden our offerings to provide strategic customers the services they want in the places they want them Increasing unconventional production is driving demand Watford City, ND for…
Compelling Opportunities for Integrity Management Services Ability to offer discrete and integrated EPC services Pipeline Integrity Management Solution Market Drivers Partnered with GeoEye to develop a cloud- Aging pipeline…
Canadian Opportunities Improving in Oil Sands Production from the oil sands set to increase significantly over the next decade (1) Production expected to increase from 1.5 MMBD in 2010 to 2.2 MMBD by 2015 Capital spending is forecast…
Backlog Total Backlog by Segment (1) Major Projects Canada 15% Total Backlog Oncor Oil & Gas 30% MPRP Y-Grade Utility T&D 55% NiSource 2.4 billion 12 Month Backlog by Segment (1) Camp Pendleton Oil & Gas Oman LNG…
Recurring Revenue from MSAs Master service agreements(1) (MSAs) are MSA Backlog by Segment(2) typically multi-year agreements (1-3 yrs) Oil & Gas 22% Contracts are based on established rates for time and materials Acquisition of…
Improving Balance Sheet by Reducing Debt Paid 46.7 million against the Term Loan during 1H12 and an additional 6.7 million in 2Q12 June 30, 2012 Term Loan balance of 129.2 million Year over year Q2 revenue and backlog growth driven…
Liquidity and Free Cash Flow(1) Cash and cash equivalents of approximately 38.5 million 175.0 million credit facility 25.0 million cash revolver available provided pro-forma leverage ratio does not exceed 3 to 1 48.2 million letters…
WG is Undervalued Relative to Peers 2013 EV/EBITDA Valuation 2013 Price/Cash Flow Valuation 8x 12x 10x 6x 8x 4x 6x 4x 2x 2x 0x 0x WG MTRX FWLT MYRG DY MTZ CBI PIKE EXH TISI TTEK PWR EXH WG DY MYRG MTZ MTRX FWLT CBI TTEK PWR…
Key Investment Considerations Worldwide brand recognition and reputation for quality, safety and schedule / price certainty Strategically positioned to capture opportunities in to burgeoning markets including: electric transmission,…
Appendix and Exhibits
Risk Management Processes and Procedures Willbros utilizes a rigorous risk management process in assessing potential opportunities standing weekly review Corporate Review Comprehensive Bid Review Review Triggers Committee Review…
Experienced Management and Operations Team with Proven Track Record Senior executive team averages over 20 years of relevant industry experience Many have led projects both domestically and overseas Field leadership team brings…
Worldwide Brand Recognition Reputation for Successful Project Execution Willbros has developed an international brand and reputation as a preferred contractor, meeting customer expectations for quality and schedule, even under demanding…
Strong Long-Term Customer Base Willbros has long-standing customer relationships with leading companies including integrated majors, large independents, utilities and energy companies, natural gas transportation companies and Canadian oil…
Reconciliation to Adjusted EBITDA ( in millions) Q2 2012 Q2 2011 Adjusted EBITDA from continuing operations Net income (loss) from continuing operations attributable to Willbros Group, Inc. (4.0) 7.2 Interest expense, net 7.1…
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