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Q4 2013 RESULTS – Aker Solutions

Aker Solutions · Feb 13, 2014 · 26 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q4 2013 RESULTS – Aker Solutions – slide 1
    Preferred partner 4Q Fourth-quarter results 2013 Fornebu, February 13, 2014 yvind Eriksen and Leif Borge 2014 Aker Solutions Slide 1 February 13, 2014 Fourth-quarter and preliminary annual results 2013 Preferred partner
  2. Q4 2013 RESULTS – Aker Solutions – slide 2
    Agenda 4Q 2013 Introduction yvind Eriksen Executive chairman Financials Leif Borge President & CFO Q&A session yvind Eriksen Leif Borge Q&A 2014 Aker Solutions Slide 2 February 13, 2014 Fourth-quarter and preliminary…
  3. Q4 2013 RESULTS – Aker Solutions – slide 3
    2013 Key figures1 Revenue and EBITDA Order intake & backlog Dividend per share NOK billion NOK billion NOK million Revenue EBITDA2 Intake Backlog 50 5 70 5 45 4,5 60 40 4 4 42.9 35 3,5 50 4.10 57.9 30 3 3.5 40 58.1 3 25 2,5 30…
  4. Q4 2013 RESULTS – Aker Solutions – slide 4
    4Q 2013 Key figures1 Revenue and EBITDA Order intake and backlog NOK billion NOK billion Revenue EBITDA2 Intake Backlog 14 1,4 30 80 12 1,2 25 60 10 1,0 20 11.4 58.1 8 0,8 1.1 15 40 6 0,6 10 4 0,4 12.9 20 5 2 0,2 0…
  5. Q4 2013 RESULTS – Aker Solutions – slide 5
    4Q 2013 By business area Revenue Profitability NOK million EBITDA margin (percent) 3,687 11.4 SUB SUB 3,429 8.2 2,801 6.8 MMO 2,898 MMO 7.9 2,643 10.4 DRT 2,420 DRT 11.3 980 8.4 ENG 1,167 ENG 10.2 632 7.6 UMB 561 UMB…
  6. Q4 2013 RESULTS – Aker Solutions – slide 6
    Order intake per business area 4Q 2013 order intake of NOK 12.9 billion NOK million Record order intake includes: MMO MMO 5,810 Johan Sverdrup DRT engineering framework DRT 2,744 contract SUB SUB 1,955 Two-year MMO option UMB…
  7. Q4 2013 RESULTS – Aker Solutions – slide 7
    Outlook High tender activity continues in most markets Strong order backlog supports robust activity levels MMO slowdown in Norway as oil companies reduce spending Drilling Technologies growth helped by more diversified…
  8. Q4 2013 RESULTS – Aker Solutions – slide 8
    In summary Record-high order intake in 2013 Profit margins widened in year on stronger execution, revenue Streamlined business through divestments Dividend of NOK 4.10 per share Key priority to deliver successfully on high order…
  9. Q4 2013 RESULTS – Aker Solutions – slide 9
    Agenda 4Q 2013 Introduction yvind Eriksen Executive chairman Financials Leif Borge President & CFO Q&A session yvind Eriksen Leif Borge Q&A 2014 Aker Solutions Slide 9 February 13, 2014 Fourth-quarter and preliminary…
  10. Q4 2013 RESULTS – Aker Solutions – slide 10
    Consolidated income statement1 (NOK million) 4Q 13 4Q 12 2013 2012 Operating revenues and other income 11,448 11,196 42,900 41,632 EBITDA 1,063 1,086 3,503 4,171 Of which related to non-recurring items - 1602 - 3252 Of which related…
  11. Q4 2013 RESULTS – Aker Solutions – slide 11
    4Q 2013 Consolidated cashflow, capex and NCOA Cashflow from operations positive NOK 2.9 billion in the quarter NCOA of NOK 2.6 billion (3Q 2013: NOK 4.2 billion) Cashflow Net current operating assets (NCOA)1 NOK million NOK…
  12. Q4 2013 RESULTS – Aker Solutions – slide 12
    4Q 2013 Financial position Net debt of NOK 8.3 billion (3Q 2013: NOK 9.9 billion) Liquidity buffer of NOK 6.7 billion Received NOK 5.5 billion in cash in January 2014 from divestments of WIS and MLS Debt maturity profile LTM…
  13. Q4 2013 RESULTS – Aker Solutions – slide 13
    Product Solutions Subsea Umbilicals Full year revenue growth of 11% vs. 2012 Full year revenue growth of 2% vs. 2012 Record high order intake of NOK 26.2 billion in 2013 Record high order intake of NOK 3 billion in 2013 High tender…
  14. Q4 2013 RESULTS – Aker Solutions – slide 14
    Product Solutions Drilling Technologies Process Systems Full year revenue growth of 14% vs. 2012 Full year revenue growth of 32 % vs. 2012 Order intake of NOK 10 billion in 2013 Order intake of NOK 2 billion in 2013 High tender…
  15. Q4 2013 RESULTS – Aker Solutions – slide 15
    Engineering Field-Life Solutions Engineering MMO Johan Sverdrup framework agreement won from Statoil, the Full year revenue on same level as 2012 (NOK 11.1 billion) contract includes front-end engineering design (FEED) for a Order…
  16. Q4 2013 RESULTS – Aker Solutions – slide 16
    Field-Life Solutions Oilfield Services and Marine Assets Asset values Total NOK 5.4 bn Skandi Aker (Total) Two-year year firm contract for Total E&P Angola 500 Aker Oilfield Services Revenue utilization 80% since start up as per…
  17. Q4 2013 RESULTS – Aker Solutions – slide 17
    Order backlog and order intake1 Order backlog by execution date Order backlog adjusted for Cat B2 NOK billion NOK billion 80 Cat B 33 Adjusted 70 25 60 2014 Later 50 Order backlog of NOK 58.1 bn 40 NOK million 70 ENG DRT SUB…
  18. Q4 2013 RESULTS – Aker Solutions – slide 18
    Agenda 4Q 2013 Introduction yvind Eriksen Executive chairman Financials Leif Borge President & CFO Q&A session yvind Eriksen Leif Borge Q&A 2014 Aker Solutions Slide 18 February 13, 2014 Fourth-quarter and preliminary…
  19. Q4 2013 RESULTS – Aker Solutions – slide 19
    2014 Aker Solutions Slide 19 February 13, 2014 Fourth-quarter and preliminary annual results 2013 Preferred partner
  20. Q4 2013 RESULTS – Aker Solutions – slide 20
    Preferred partner 4Q Additional information 2014 Aker Solutions Slide 20 February 13, 2014 Fourth-quarter and preliminary annual results 2013 Preferred partner
  21. Q4 2013 RESULTS – Aker Solutions – slide 21
    Consolidated cash flow NOK million Cash flow 1Q 2012 2Q 2012 3Q 2012 4Q 2012 FY 2012 1Q 2013 2Q 2013 3Q 2013 4Q 2013 FY 2013 EBITDA 1 040 1 357 1 122 1 220 4 739 868 946 1 074 615 3 503 Change in cash flow from operating activities (1…
  22. Q4 2013 RESULTS – Aker Solutions – slide 22
    Consolidated assets & debt and equity NOK million Assets 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13 4Q 13 Property, plant and equipment 7 732 8 179 8 518 10 041 10 418 10 557 10 802 9 815 Intangible assets 6 776 7 040 7 162 7 454 8 693 8…
  23. Q4 2013 RESULTS – Aker Solutions – slide 23
    Split per business area NOK million Revenues 1Q 2012 2Q 2012 3Q 2012 4Q 2012 FY 12 1Q 2013 2Q 2013 3Q 2013 4Q 2013 FY 13 Product Solutions 5 104 6 343 5 972 6 816 24 235 6 177 7 113 6 550 7 475 27 315 Field Life Solutions 2 707 3 172 3…
  24. Q4 2013 RESULTS – Aker Solutions – slide 24
    Split per business segment in Aker Solutions NOK million Revenues 1Q 2012 2Q 2012 3Q 2012 4Q 2012 FY 12 1Q 2013 2Q 2013 3Q 2013 4Q 2013 FY 13 Subsea 2 445 3 401 2 899 3 429 12 174 3 023 3 535 3 289 3 687 13 534 Umbilicals 413 506 518 561…
  25. Q4 2013 RESULTS – Aker Solutions – slide 25
    Split per business segment in Aker Solutions NOK million Order intake 1Q 2012 2Q 2012 3Q 2012 4Q 2012 FY 12 1Q 2013 2Q 2013 3Q 2013 4Q 2013 FY 13 Subsea 2 423 3 203 1 908 2 348 9 882 17 835 3 771 2 607 1 955 26 168 Umbilicals 297 790 500…
  26. Q4 2013 RESULTS – Aker Solutions – slide 26
    2014 Aker Solutions Slide 26 February 13, 2014 Fourth-quarter and preliminary annual results 2013 Preferred partner

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