Willbros Group, Inc. (NYSE : WG) Midwest IDEAS Investor Conference August 27, 2013
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 Specialty energy infrastructure general contractor 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-billion dollar engineering and construction company with a diversified revenue stream, exposure to high growth opportunities and ability to achieve more stable and predictable…
Willbros Business Segments Professional Services Oil & Gas Canada Utility T&D Engineering Gas/Oil Gathering, Slurry Line Transmission (OH & UG) EPC Processing and Storage Maintenance Substation Integrity Management Facilities Spool…
Executing Strategic Objectives Objective Status Improve liquidity and Completed refinancing of credit facilities in August reduce debt Total debt reduction goal of 50 100 million in 2013 Reduce impact of 6 month revenue increased…
Executing Strategic Objectives (cont) Objective Status 46.4 million improvement in adjusted operating performance in 2012 versus 2011 Significantly improved Downstream Engineering and Texas distribution businesses Discontinued…
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: Liquids-rich Resource…
Improving Utility T&D Performance Generated 12.2% operating margins in the second quarter of 2013 year over year Continue to see improved performance in the Texas utility transmission and distribution operations Focus is on…
Utility T&D Positioned for Growing Transmission Market Strong resume having Transmission Opportunities constructed over 1,000 circuit miles of 345 and 500 kV transmission lines Continued investment in U.S. transmission…
U.S. Production Growth Concentrated in Liquids-rich Regions Has Changed Infrastructure Landscape Active rig count: April 5, 2013 / Change in rig count from January 6, 2012 199/-3 1/-4 3/-1 30/+10 3/-3 18/-11 45/+2 59/-58…
Pipeline Construction Remains a Core Capability U.S. Pipeline Construction Forecast(1) Aligned capacity with market demand Miles 25,000 100% for long-distance and large diameter oil & gas pipelines Continuous process improvement…
Operating & Expanding in the U.S. Broadening 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 smaller &…
Compelling Opportunities for Integrity Services Ability to offer discrete and integrated EPC services Market Drivers Willbros Integra Link Aging pipeline infrastructure with Partnered with GeoEye to develop a cloud- significant…
Engineering EPC Willbros unique one stop shop capabilities and superior project management provide customers a single integrated, technical solution from concept to completion (EPC) Provider of services across the hydrocarbon…
Canadian Opportunities Improving in Oil Sands Production from the oil sands set to increase significantly over the next decade Maintenance and capital spending is forecast to peak at 22 billion in 2014 Focused on delivering…
Segment Details Revenue 2Q 2013 Total Backlog by Segment (1) Prof. Services 11% Utility T&D 55% Oil & Gas 13% Oil & Gas 38% Canada Canada 18% 21% 2.0 billion Prof. Services 12 Month Backlog by Segment (1) 18% Utility…
Improving Adjusted Operating Income and EBITDA Year over year Q2 revenue and operating income growth driven primarily by improved resource utilization in the Utility T&D segment, engineering and integrity services and work in the…
Liquidity 53.6 million in cash and cash equivalents at June 30, 2013 Completed refinancing on August 7, 2013 by entering into: A 5-year 150.0 million asset based senior revolving credit facility (ABL) maturing in 2018 Revolver…
Key Investment Considerations Worldwide brand recognition and reputation for quality, safety and schedule / price certainty Positioned to capture opportunities in burgeoning markets including: electric transmission, hydrocarbon…
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 30 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…
Reconciliations ( in millions) First Quarter Adjusted EBITDA Annual Adjusted Operating Income Three Months Ended June 30 2011 2012 2013 2012 Willbros Adjusted Operating Income (Loss) Adjusted EBITDA from continuing operations…
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