Second quarter results 2015 1 Kvaerner 2015 16.07.2015
Highlights Second quarter 2015 E. Grieg topside delivered Nyhamna turn-around successfully completed J. Sverdrup ULQ topside won Order backlog of NOK 17.7* billion Subsequent events Photo: Statoil Johan Sverdrup utility and…
HSSE results No Lost time Injury Seven serious incidents Total of eight medical treatments incidents More than 4.6 million worked hours in the quarter Lost time incident frequency (LTIF) and Total recorded incident frequency (TRIF)…
Key financials Revenues EBITDA Net current operating assets NOK million NOK million NOK million 4 500 300 4 000 -100 250 -200 3 500 -483 -515 -541 -624 -300 3 000 200 -400 2 500 -922 150 * -500 289 4 004 2…
Order intake and backlog Order intake Order backlog NOK million NOK million 6 000 25 000 5 674 5 000 20 000 17 742 4 000 20% 15 000 3 000 45% 10 000 2 000 5 000 1 000 35% 0 0 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15 Q2'14 Q3'14…
Johan Sverdrup: TOPSIDE: JACKETS: Scope: EPC delivery of ULQ topside Scope: EPC for Riser Platform Jacket Value: NOK 6.7 billion Value: NOK 2 billion JV: Kvaerner 51% - KBR 49% LoI: EPC for Drilling Platform jacket Execution: More…
Operational highlights Edvard Grieg topside Sail away of all modules Nyhamna Turnaround successfully completed Hebron - Mechanical outfitting activities on-going Sverdrup riser platform jacket First steel cutting 7 Kvaerner 2015…
Key contractor for 7 of the 7 largest plants in Norway: Flexibility for both offshore and onshore projects Nyhamna EPCm contract Successful Turnaround in June Award 2012, peak at site January 2016 As a gas supplier we want turnaround…
Second quarter financials Eiliv Gjesdal, Chief Financial Officer
Income statement Amounts in NOK million Q2 2015 Q1 2015 Q2 2014 YTD 2015 YTD 2014 FY 2014 Total revenue and other income 3 125 3 525 2 861 6 650 6 350 13 945 EBITDA 109 101 289 210 459 828 Depreciation and amortisation (19) (18) (17)…
Upstream review Financials Orders High activity in most operations Johan Sverdrup ULQ topside Projects with a relative wide margin range Additional work at Nyhamna Expected revenues of NOK 13-14 billion in 2015 Growth in existing…
Cash flow and working capital development Amounts in NOK million Q2 2015 Q1 2015 Q2 2014 YTD 2015 YTD 2014 FY 2014 Cash flow from operating activities (12) 98 (212) 86 (274) 193 Cash flow from investing activities (21) (15) (75) (35)…
Balance sheet Amounts in NOK million 30.06.2015 31.03.2015 31.06.2014 31.12.2014 Assets Total non-current assets 1 888 1 895 2 137 2 010 Prepaid company tax 84 73 60 31 Current operating assets 2 819 3 446 2 363 3 268 Total cash and bank…
New dividend policy The Board of Directors has revised the companys dividend policy to reflect the developments in Kvaerners long term markets and outlook. The Boards current priorities when proposing the level of dividends are to…
Market and outlook ENGINEERING PROCUREMENT CONSTRUCTION 15 Kvaerner 2015 16.07.2015
Market segments with positive opportunities Market outlook Prospects Longer term (2017 2020): Norway / North Sea region: Fundamental long term demand for Kvaerners expertise Specific prospects with expected awards in 2015 - 2016…
Concluding remarks Predictable execution and HSSE core value and results licence to operate Competitive power based on Maintain and develop home cost improvements and markets expertise Develop global delivery model for Norway and…
APPENDIX 19 Kvaerner 2015 16.07.2015
Revenue distribution continuing operations Share of revenues 2013 Share of revenues 2014 Share of revenues last 12 months Percent Percent Percent NOK NOK NOK 13.0 13.9 14.2 billion billion billion Topsides Concrete Solutions…
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