Q2 2015 FINANCIAL RESULTS August 4, 2015 Stuart Bradie President and Chief Executive Officer Brian Ferraioli EVP and Chief Financial Officer Zachary Nagle VP, Investor Relations
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Q2 Summary Significantly improved earnings versus 2014 driven by strong operating performance. Two mega LNG projects continue to perform well. Expected to remain significant contributors to earnings in 2015 and 2016. Won strategically…
Consolidated Results: Q2 2015 vs Q2 2014 Commentary Quarter Ending Backlog increase reflects GS long-term contract adjustment. ( in millions, except EPS) Jun 30, 2015 Jun 30, 2014 Revenues declined from completion or near completion…
Segment Reporting: Q2 2015 vs Q2 2014 Revenue T&C reflects mix shift to technology services and less proprietary equipment and reduced upstream oil & gas consulting activity; Quarter Ending E&C reflects completion or near completion…
Cash / Capital Allocation KBR Cash Balance Return of Cash to Shareholders ( in millions) Q2 2015 Q1 2015 ( in millions) Q2 2015 Since Jan-07 Domestic 289 181 Share Repurchases 1 748 International 381 499 Dividends 11 262 JV 61 78…
Market Outlook: Technology & Consulting Technology market opportunities led by ammonia, refining and olefins, particularly revamps. Opportunities in China and elsewhere for VCC (Veba Combi-Cracker) technology and converting heavy…
Market Outlook: E&C Q2 developments supporting strategic focus areas: Statoil award for topsides for phase 1 of multi-staged development of Johan Sverdrup oil & gas field with long- term follow on opportunities. Moving to grow…
Market Outlook: E&C (Continued) Good pipeline of near-term and long-term prospects: Increased focus on Middle East opportunities (refining and petrochemicals). Key hire President, Middle East J. Ibrahim. Onshore upstream opportunities…
Market Outlook: Government Services Confirmed preferred bidder for U.K. MoD Fixed Wing Training (MFTS) contract another long-term annuity type project. Award expected this year. U.K. Army re-basing discussions continue on a sole…
Summary Significantly improved earnings vs 2014 driven by strong operational performance. KBRs restructuring remains on track to deliver 200 million in annual cost savings by 2016 and gross profit and equity in earnings margin…
Appendix
Consolidated EBITDA Reconciliation 2Q 2015 Quarter Ending ( in millions) Jun 30, 2015 Jun 30, 2014 Net Income Attributable to KBR 62 (8) Add Back: Interest Income (Expense) (2) (2) Provision for Income Taxes (23) (10)…
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