Skip to main content Q1 2015 INVESTOR PRESENTATION – Aker Solutions | Shale Experts
Loading...
Pm

Q1 2015 INVESTOR PRESENTATION – Aker Solutions

Aker Solutions · Apr 29, 2015 · 24 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. Q1 2015 INVESTOR PRESENTATION – Aker Solutions – slide 1
    1Q 2015 Fornebu, April 29, 2015 Luis Araujo and Svein Stoknes
  2. Q1 2015 INVESTOR PRESENTATION – Aker Solutions – slide 2
    Agenda 1Q 2015 Introduction Luis Araujo Chief Executive Officer Financials Svein Stoknes Chief Financial Officer Q&A Session 2015 Aker Solutions Slide 3 April 29, 2015 First-Quarter Results 2015 Preferred partner
  3. Q1 2015 INVESTOR PRESENTATION – Aker Solutions – slide 3
    Key Developments Solid topline growth as sales rose in most business areas Profit margins narrowed amid tougher commercial environment Slow start to year for subsea services, particularly in North Sea MMO capacity adjusted to…
  4. Q1 2015 INVESTOR PRESENTATION – Aker Solutions – slide 4
    Key Figures 1Q 2015 Revenue and EBIT Order intake and backlog NOK billion NOK billion Revenue EBIT Intake Backlog 10 0,6 25 60 8 20 8.5 0,4 40 48.3 6 15 0.4 4 10 0,2 20 2 5 9.0 0 0,0 0 0 1Q 2Q 3Q 4Q 1Q 1Q 2Q 3Q 4Q…
  5. Q1 2015 INVESTOR PRESENTATION – Aker Solutions – slide 5
    Focus on Operational Excellence and Cost Control Steady progress on cost-savings programs in all areas Major push to improve quality and efficiency in execution Deeper synergies pursued throughout business Focus on developing…
  6. Q1 2015 INVESTOR PRESENTATION – Aker Solutions – slide 6
    Outlook Continued market uncertainty and challenging commercial environment amid concern over capital constraints Steady tendering in main markets, though seeing projects postponed North Sea activity sluggish next 1-2 years,…
  7. Q1 2015 INVESTOR PRESENTATION – Aker Solutions – slide 7
    Agenda 1Q 2015 Introduction Luis Araujo Chief Executive Officer Financials Svein Stoknes Chief Financial Officer Q&A Session 2015 Aker Solutions Slide 8 April 29, 2015 First-Quarter Results 2015 Preferred partner
  8. Q1 2015 INVESTOR PRESENTATION – Aker Solutions – slide 8
    1Q 2015 Consolidated Income Statement Year-on-year revenue growth for 1Q 2015 reached 14% 1Q 2015 EBITDA (excluding one-off items) reached NOK 647 million, equivalent to a margin of 7.6% (NOK million) 1Q 15 1Q 14 2014 2013 Operating…
  9. Q1 2015 INVESTOR PRESENTATION – Aker Solutions – slide 9
    1Q 2015 Financial Position Net interest-bearing debt was NOK 889 million, gross debt reached NOK 3.7 billion Financial leverage was 0.3x and gearing 15%, remaining well below policy of 1 x net interest- bearing debt / EBITDA and less…
  10. Q1 2015 INVESTOR PRESENTATION – Aker Solutions – slide 10
    1Q 2015 Consolidated Cashflow, Capex and NCOA 1Q 2015 cashflow from operations negative NOK 414 million Working capital (NCOA) at end of 1Q reached NOK 90 million, showing expected increase versus 4Q 2014 on major project progress…
  11. Q1 2015 INVESTOR PRESENTATION – Aker Solutions – slide 11
    Subsea Strong 1Q 2015 revenue growth to NOK 5.1 Order intake in 1Q 2015 down 55% versus 1Q billion, up 23.7% vs. 1Q 2014 2014 to NOK 2.0 billion, 0.4x book-to-bill Main driver was progress on major projects in End 1Q 2015 order backlog…
  12. Q1 2015 INVESTOR PRESENTATION – Aker Solutions – slide 12
    MMO 1Q 2015 Revenue down 4.6% vs. last year to Order intake in 1Q 2015 up 85% versus 1Q NOK 2.5 billion 2014 to NOK 2.2 billion, 0.9x book-to-bill, driven 1Q 2015 EBITDA margins of 2.4%, lower versus by markets outside of Norway 1Q…
  13. Q1 2015 INVESTOR PRESENTATION – Aker Solutions – slide 13
    Engineering Revenue growth of 20.6% vs. last year, reaching Strong increase for 1Q 2015 order intake to NOK NOK 1 billion in 1Q 2015 4.9 billion, driven by the Johan Sverdrup EPma award, equivalent to 4.7x book-to-bill Main driver was…
  14. Q1 2015 INVESTOR PRESENTATION – Aker Solutions – slide 14
    Good Visibility From Strong Order Backlog1 1Q 2015 Order backlog by execution date Order backlog and intake evolution NOK billion NOK billion 53,9 49,0 48,3 48,3 60 20 39,6 50 15 40 21,4 30 10 18,1 17,8…
  15. Q1 2015 INVESTOR PRESENTATION – Aker Solutions – slide 15
    Financial Guidance Revenue Balance sheet Positive long-term offshore, deepwater Maintenance capex / R&D 3% of revenue outlook Current major capex expansion plans to be Near-term uncertainty on award timings finished in 2015 Aim to…
  16. Q1 2015 INVESTOR PRESENTATION – Aker Solutions – slide 16
    Agenda 1Q 2015 Introduction Luis Araujo Chief Executive Officer Financials Svein Stoknes Chief Financial Officer Q&A Session 2015 Aker Solutions Slide 17 April 29, 2015 First-Quarter Results 2015 Preferred partner
  17. Q1 2015 INVESTOR PRESENTATION – Aker Solutions – slide 17
    Additional information 1Q 2015
  18. Q1 2015 INVESTOR PRESENTATION – Aker Solutions – slide 18
    Consolidated income statement NOK million Income statement consolidated 1Q 2013 2Q 2013 3Q 2013 4Q 2013 FY 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 FY 2014 1Q 2015 Operating revenue and other income 7,317 7,435 6,758 7,548 29,058 7,482…
  19. Q1 2015 INVESTOR PRESENTATION – Aker Solutions – slide 19
    Consolidated assets & debt and equity NOK million Assets 1Q 2013 2Q 2013 3Q 2013 4Q 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015 Property, plant and equipment 2,539 2,691 2,814 3,072 3,067 3,180 3,203 3,603 3,586 Intangible assets 5,057…
  20. Q1 2015 INVESTOR PRESENTATION – Aker Solutions – slide 20
    Consolidated cashflow NOK million Cashflow 1Q 2013 2Q 2013 3Q 2013 4Q 2013 FY 2013 1Q 2014 2Q 2014 3Q 2013 4Q 2014 FY 2014 1Q 2015 EBITDA continuing operations 488 439 567 668 2,162 623 587 617 785 2,675 591 Change in cashflow from…
  21. Q1 2015 INVESTOR PRESENTATION – Aker Solutions – slide 21
    Split per segment NOK million Revenues 1Q 2013 2Q 2013 3Q 2013 4Q 2013 FY 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 FY 2014 1Q 2015 Subsea 3,784 4,103 3,653 4,164 15,703 4,105 4,672 5,054 5,461 19,293 5,077 Field Design 2,999 3,183 2,935 3,385…
  22. Q1 2015 INVESTOR PRESENTATION – Aker Solutions – slide 22
    Split per segment NCOA 1Q 2013 2Q 2013 3Q 2013 4Q 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015 Subsea 2,543 1,157 1,264 311 1,322 327 742 (332) 18 Field Design 117 352 268 (304) 275 250 532 71 212 Other 207 171 210 91 (105) (241) (394)…
  23. Q1 2015 INVESTOR PRESENTATION – Aker Solutions – slide 23
    Split per business area NOK million Revenues 1Q 2013 2Q 2013 3Q 2013 4Q 2013 FY 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 FY 2014 1Q 2015 Subsea 3,784 4,103 3,653 4,164 15,703 4,105 4,672 5,054 5,461 19,293 5,077 Maintenance, Modifications…
  24. Q1 2015 INVESTOR PRESENTATION – Aker Solutions – slide 24
    Split per business area Order intake 1Q 2013 2Q 2013 3Q 2013 4Q 2013 FY 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 FY 2014 1Q 2015 Subsea 18,855 3,800 3,367 2,668 28,691 4,423 18,463 1,791 2,630 27,306 1,996 Maintenance, Modifications and…

From the store

Browse maps, data & reports in the Shale Experts store