An introduction to Amec Foster Wheeler DbVIC March 2015
Background Ticker: AMFW Listed on LSE and NYSE All Share Market cap: c4bn / 6bn 250 Ave liquidity: 30m/50m p.d. Leading shareholders Location of shareholders Mondrian (London) 5% Artisan Partners (San Francisco) Americas…
Amec Foster Wheeler: a new force in.. Full project delivery From consulting to project management Add a coloured Highly skilled workforce transparent segment and Global reach caption if required. Diversified across markets,…
Multi market, global reach Split of 2014 pro forma scope revenues By Market By Business Unit Oil & 10% Gas 8% upstream 28% [PERCE NTAGE] 17% 47% 28% midstream 4% 22% 28% 8% downstream Americas Oil & Gas N Europe &…
Diverse and flexible model Split of 2014 PF revenues By contract By service 2% 5% 12% 26% 28% 31% 72% 8% 16% Reimbursable Consulting Engineering Fixed price EPCM/PMC Design & Supply Technology Project Delivery…
Blue-chip customer base Major customers Long Long Term Longterm Contracts contracts Term Contracts Partners Partners NOCs Current projects Current projects Frameworks Frameworks 7
Order book reflects strength and diversity Only committed work included 7 Order book bn (1) bn (1) no major projects cancelled 6 c.30% long term contracts 5 4 upstream No project or customer represents 3 more than 10%…
Long term growth markets Share of energy consumption Long term demand story intact Adapt to changes More gas More clean coal 2015 2020 2025 2030 2035 More renewables OECD non-OECD More non-OECD Changing mix of energy…
Our priorities Control our own destiny Adapt to market conditions Be lean and efficient Increase cost savings Take full advantage of our business model Low-risk Multi-market Global reach Upgrade our business Continue…
Focus for 2015: reducing our cost base Targeted cost savings increased to 125m per annum by 2017 Updated cost savings plan Cost to achieve c.150m Main initiatives Remove duplication in head office and regional management Further…
Focus for 2015: managing our resources 2015 normal year Very Contractor flexible Contractor Volume Project driven Project Contractor Core + Project Core = Core Talent investment Efficient Central functions…
Focus for 2015: reducing project costs Customers need our help 15% This is not an optional extra Reducing capital spending Whole supply chain needs to adapt 100 15% Biggest savings likely to come from 80 equipment and…
Financial details FY 2014 14
Overview 2014 performance in line with expectations Benefits of low-risk, multi-market model with global reach evident 2014 results (m) Reported AMEC Pro Forma Revenue 3,993 3,719 5,800 Scope revenue (1) 3,920 3,669 5,493…
Scope revenue by business unit Underlying scope revenue up 4% Reflects mix of services and markets million 2014 Headline Underlying(1) Americas 2,638 +5% +12% North Europe & CIS 1,541 -4% -3% Africa, Middle East, Asia and S…
Scope revenue by market Strong performance downstream; with weaker upstream Oil & Gas Strong performance from Solar and Nuclear in Clean Energy million 2014 Headline Underlying(1) Oil & Gas 3,007 - +4% Mining 453 -14% -7% Clean…
Outlook Benefits of low-risk, multi-market model Benefits of integration and cost saving programme Strong cash conversion 2015 guidance LFL scope revenue flat Currency benefit estimated at c.150m Increased pricing pressure…
Amec Foster Wheeler: a new force in.. Full project delivery From consulting to project management Add a coloured Highly skilled workforce transparent segment and Global reach caption if required. Diversified across markets,…
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