Preferred partner 3Q Third-Quarter Results 2014 Fornebu, November 7, 2014 Luis Araujo and Svein Oskar Stoknes Public 2014 Aker Solutions Slide 1 November 7, 2014 Third-Quarter Results 2014 Preferred partner
Agenda 3Q 2014 Introduction Luis Araujo Chief Executive Officer Financials Svein Oskar Stoknes Chief Financial Officer Q&A session Luis Araujo Svein Oskar Stoknes Q&A Public 2014 Aker Solutions Slide 2 November 7, 2014…
3Q Headlines Strong topline growth Major engineering and subsea projects progress as planned MMO capacity adjusted to counter slowdown in Norway Healthy order backlog provides good visibility Ceaseless focus on operational and…
Field Design Segment Revenue Profitability NOK million EBIT margin (percent) 3Q 2014 3,212 3Q 2014 4.5% 3Q 2013 2,935 3Q 2013 6.3% Engineering Engineering 851 10.6% 689 7.3% Maintenance, Modifications and Operations…
Focus on Operational Excellence, Cost Control Intensified efforts to reduce costs Deeper synergies pursued throughout business Reorganized operational functions to avoid duplication and better utilize expertise Continued major…
Outlook Healthy tendering in main markets Promising offshore project pipeline, though risk of delays Sub-Saharan African and Brazilian deepwater growth to provide significant opportunities New discoveries in Atlantic Canada,…
Agenda 3Q 2014 Introduction Luis Araujo Chief Executive Officer Financials Svein Oskar Stoknes Chief Financial Officer Q&A session Luis Araujo Svein Oskar Stoknes Q&A Public 2014 Aker Solutions Slide 9 November 7, 2014…
3Q 2014 Consolidated Income Statement 3Q 2014 revenue growth of 21.5 % year-on-year One-off costs totalling NOK 43 million linked to the demerger taken in 3Q 2014 Higher tax rate due to one-off demerger effects and changing regional…
3Q 2014 Consolidated Cashflow, Capex and NCOA Cashflow from operations negative NOK 351 million in the quarter due mainly to NCOA outflow Project progress drove expected NCOA move but balance sheet values offset by hedging derivative…
3Q 2014 Financial Position As expected post demerger net debt rose to NOK 2.5 billion Gross debt of NOK 3.9 billion Leverage and gearing in line with policy at 1 x net debt / EBITDA and 46.7 % net debt / equity Robust total liquidity…
Subsea Strong revenue growth to NOK 4,467 million, up With no major subsea projects awarded in the 39.1% vs. 3Q 2013 quarter, order intake in 3Q fell to NOK 1.7 billion from NOK 2.5 billion a year earlier Main driver was work on major…
Umbilicals Revenues up strongly to NOK 585 million, Tender activity was high in the third quarter, but growth of 19.9% vs. last year no significant orders were won due to project delays Main driver was increased activity at the U.S.…
Engineering Strong revenue growth of 23.5% vs. last year to Tendering activity remained high and order intake reach NOK 851 million rose 19.8 percent year-on-year to NOK 853 million Main driver was good progress made on key projects…
MMO Revenue growth of 4.7 % vs. last year to NOK 2,403 Order intake in 3Q was NOK 1,056 million, down billion 13.4% year-on-year Sharp activity slowdown on the NCS, significantly Order backlog rose 3 % year on year to NOK 12,040…
Good Visibility From Strong Order Backlog 3Q 14 Order backlog by execution date Order backlog and intake evolution NOK billion NOK billion 53.9 Graph 49.0 60 42.5 20 revised from 41.1 40.9 39.6 39.4 3Q…
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 3Q 2014 Introduction Luis Araujo Chief Executive Officer Financials Svein Oskar Stoknes Chief Financial Officer Q&A session Luis Araujo Svein Oskar Stoknes Q&A Public 2014 Aker Solutions Slide 19 November 7,…
Public 2014 Aker Solutions Slide 20 November 7, 2014 Third-Quarter Results 2014 Preferred partner
Preferred partner 3Q Additional information Public 2014 Aker Solutions Slide 21 November 7, 2014 Third-Quarter Results 2014 Preferred partner
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