D.A. Davidson 11th Annual E&C Conference Nicola-Jane Brooks Head of Investor Relations San Francisco - 12 September 2012
Important information Certain statements in this presentation are forward looking statements. By their nature, forward looking statements involve a number of risks, uncertainties or assumptions that could cause actual results or events…
AMEC today Key facts FTSE 100 company Market cap c. US5.5 billion1 Sector classification Oil equipment and services Revenue c. US5.1 billion2 Employees over 29,0003 Locations over 40 countries Net cash c. US455 million3 Customers…
AMEC today Structure: 3 divisions, 4 markets and 11 sectors AMEC is a focused supplier of consultancy, engineering and project management services to its customers in the world's oil and gas, minerals and metals, clean energy,…
AMEC today A balanced portfolio Growth markets High-value services Geographic spread Revenue by geography H1 Oil & Gas Consulting Minerals & Metals Clean Energy Engineering Environment & Infrastructure Project and construction…
H1 2012 financial performance Highlights US million 6 months ending 30 June 2012 2011 Revenue 3,210 2,419 +37% EBITA* 241 199 +25% EBITA margin 7.5% 8.2% -70bps Operating cash flow** 225 122 +89% Profit before tax* 249 205 +24%…
Vision 2015 strategy update Mid-point review Strategic priority Delivering Continue to strengthen client relationships Expand existing client base and win new clients Deliver excellence consistently Focus on growth Attract,…
Strengthening client relationships Delivering excellence consistently Goal Expand positions with existing clients, win new clients By continually delivering excellence inspire trust and loyalty in clients Progress Continued…
Focus on growth Building the best team Goal Attract, develop, retain the best people Progress Average number of employees up 30% since 2009 Acquisition-led growth Average number of employees1 2012: (US247 million2): Serco (600…
Focus on growth Expanded geographic footprint Goal Upsizing in select geographies: Australasia, South America, Middle East Progress Revenue ROW2 up 100% Australasia Middle East South America Key contracts1 Key contracts1 Key…
Focus on growth Expanded geographic footprint (continued) Goal Continued growth in North America and UK/Europe Progress Revenue up UK +39%, Canada +67%, US +60% North America UK/Europe Key contracts1 Key contracts1 MWCC…
Focus on growth Enhanced capability Deepwater / complex upstream projects; asset support, duty holder, subsea Goal engineering, pipeline engineering, underground mining Progress Building market share and delivering integrated…
Focus on growth Enhanced capability (continued) Goal Extend service offering: nuclear, renewable energy, environmental consultancy, water Progress Building market share and delivering integrated services Clean Energy Environment &…
Strong financial performance Managing four levers Goal EPS 100pence by 2015 Progress Expect to deliver EPS target ahead of schedule Revenue1 m Balance sheet1 m Diluted FY EPS2 cents CAGR: 17.2%** Share buyback*: US250 million (+US52…
Mid-point strategy update Summary Strategy on track Good progress to date delivering ahead of schedule Next 2.5 years about taking performance to next level Expect to deliver EPS target of greater than 100p ahead of 2015…
D.A. Davidson 11th Annual E&C Conference San Francisco 12 September Contents Speaker biography H1 financial performance ( GB) Competitor data Supplementary information
Appendix Biography Hisham Mahmoud Dr. Hisham Mahmoud President, Environment & Infrastructure Hisham joined AMEC in October 2010. Prior to joining AMEC, Hisham worked for URS Corporation and its predecessor companies for the last 19…
Appendix Further information Find out more about AMECs position on our website: Consensus estimates* updated regularly 2011 Interim results presentation 9 August 2012 Note: links only active in slideshow mode For further info see:…
H1 2012 financial performance Highlights Versus million 6 months ending 30 June 2012 2011 Revenue 2,026 +37% Excl. impacts of currency movements +28% and acquisitions Excl. impact of incremental procurement +15% activity in…
H1 2012 financial performance Natural Resources million 6 months ending 30 June 2012 2011 Revenue 1,200 790 +52% EBITA 92 84 +10% EBITA margin 7.6% 10.6% -300bps Average employees* 13,411 11,657 +15% Order book 2.19bn 2.07bn…
H1 2012 financial performance Natural Resources Revenue growth (%) EBITA development (m) +23 -15 +26% +52% +25% +1% Strong performance from all sectors * Year-on-year impact of material acquisitions and disposals **…
H2 2012 outlook Natural Resources Good demand H2 growth expected to be much lower than H1 Incremental procurement 50 per cent of H1 levels Engineering revenue similar to last year Phasing of project execution only Double digit…
H1 2012 financial performance Power & Process million 6 months ending 30 June 2012 2011 Revenue 454 432 +5% EBITA 39 35 +11% EBITA margin 8.5% 8.1% +40bps Average employees* 7,370 6,946 +6% Order book 0.94bn 0.82bn +15%…
H1 2012 financial performance Power & Process Revenue growth (%) EBITA development (m) +4% +5% +2 +2 +1% Strong performance in renewables/bioprocess * Year-on-year impact of material acquisitions and disposals **…
H1 2012 financial performance Environment & Infrastructure million 6 months ending 30 June 2012 2011 Revenue 397 289 +38% EBITA 36 24 +50% EBITA margin 9.1% 8.3% +80bps Average employees* 6,776 5,213 +30% Order book 0.55bn 0.49bn…
H1 2012 financial performance Environment & Infrastructure Revenue growth (%) EBITA development (m) +38% +1% -1% +38% +6 +6 Increasing collaboration with other divisions * Year-on-year impact of material acquisitions and…
2011 full-year results - Health and safety 2011 Key Performance Indicators (KPIs) We track a number of metrics to help us understand our progress towards Vision 2015, including: Lost time incident frequency rate Total recordable case…
Competitive landscape Oil & Gas market Key: Major player Capability No position Worley Wood Aker AMEC KBR Petrofac Parsons Group Solutions Exploration & drilling Fabrication/ jackets Offshore Hulls/ Mooring Engineering…
Competitive landscape Unconventional Oil & Gas Strong position Capability Limited capability No involvement/capability Leadership position built on track Segment Extraction Up grading Environmental record and technical skills…
Competitive landscape Minerals & Metals Competitor Core Consulting & Feasibility EPCM Asset geography environmental* engineering** management Fluor International Tier 1 Bechtel International AMEC International Hatch…
Competitive landscape Clean Energy Also evolving as industry matures EPC services common among peers, but few focus specifically on clean energy sector Customers value sector focus, flexibility of approach and full-service EPC…
Competitive landscape Clean Energy - Nuclear Competitor Reactor support Waste New build management AMEC AECL Babcock Bechtel CH2MHILL Doosan Babcock Jacobs Serco This analysis is indicative and is not…
Contacts Sue Scholes, Director of Communications sue.scholesamec.com Nicola-Jane Brooks, Head of Investor Relations nicola-jane.brooksamec.com Laura ONeill, Investor Relations laura.oneillamec.com 34
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