Company Overview November 2014 2014 Babcock & Wilcox Company. All Rights Reserved.
Profile The Babcock & Wilcox Company is a leader in clean energy technology and services, primarily for the nuclear, fossil and renewable power markets, as well as a premier advanced technology and mission critical defense…
Plans to Spin-off Power Generation Business Transaction Overview BWX Technologies, Inc. Government & Nuclear Operations The Babcock & Wilcox Company (B&W) Headquarters: Lynchburg, VA announced plans to spin-off the companys…
Plans to Spin-off Power Generation Business Compelling Strategic Benefits The Company believes that the planned spin-off will result in material benefits to the standalone companies: Efficient Capital Flexibility to deploy and execute…
Segments and End Markets Power Generation Government & Nuclear Operations Power Generation Nuclear Energy Nuclear Operations Technical Services mPower Environmental / Nuclear component Virginia-Class Safe nuclear Small modular…
Power Generation New-Build 1.5 Billion LTM Revenue Steam Generating 2.1 Billion Backlog Systems Headquartered in Barberton, OH Approximately 6,300 employees (incl. MEGTEC) Note: All figures as of September 30, 2014 New-Build…
Power Generation Revenues by Operations New-Build Steam Generating Systems 2,000 1,786 1,768 3,000 Utility boilers 1,800 1,425 1,542 2,506 1,450 2,700 Renewable boilers 1,600 2,400 1,972 2,073 2,133 Industrial boilers…
Expanding Opportunities in the Global Market Focus on international markets 2013 Revenues by Geography Coal boilers & Auxiliaries Renewable boilers 31% Non-U.S. 69% Waste-to-Energy Biomass U.S. Environmental equipment Utility…
Environmental New Build Equipment Four environmental regulations could impact customer base: Clean Air Visibility Rule (CAVR) Cross State Air Pollution Rule (CSAPR) Also known as the Regional Haze rule or Best Available Retrofit…
Solid Base of Recurring Aftermarket Parts & Services Revenues Aftermarket Revenues Global Aftermarket 1,000 Stable replacement parts and small 900 service projects business on existing units Millions () 800 700 Retrofit…
MEGTEC MEGTEC was acquired by MEGTEC Overview B&W PGG on June 20, 2014 40+ year history with 600 employees across 13 offices globally Engages in design, engineering, manufacturing and servicing of industrial equipment for process…
Nuclear Energy 220 Million LTM Revenue 273 Million Backlog Nuclear Headquartered in Charlotte, NC Equipment Approximately 550 employees Note: All figures as of September 30, 2014 Dundas, Ontario Cambridge, Ontario Nuclear…
Nuclear Energy Revenues by Operations Nuclear Equipment 350 700 321 326 284 CANDU and pressurized water reactor 300 600 nuclear plants Backlog, Millions () Revenues, Millions () 485 250 500 200 196 382 220 400…
Nuclear Operations 1.2 Billion LTM Revenue Heavy Naval 2.4 Billion Backlog Nuclear Component Headquartered in Lynchburg, VA Engineering, Design Approximately 3,800 employees and Manufacturing Note: All figures as of September 30,…
Nuclear Operations Revenues by Operations Nuclear Operations 1,400 3,500 1,043 1,098 1,168 1,171 Manufactures naval nuclear reactors for 1,200 3,000 2,995 the U.S. Government Revenues, Millions () Backlog, Millions () 1,000…
Proud Nuclear Heritage Six Decades of Contributions Nautilus Sturgeon Los Angeles Seawolf Ford Class Class Class Class Nimitz Class 1950 1960 1970 1980 1990 2000 2010 2017-2020 Destroyer Prototype NR-1 Ohio Virginia…
Technical Services Headquartered in Lynchburg, VA 15 contracts with operations across 19 different sites High-Consequence Approximately 300 employees (excludes joint venture employees) Nuclear Operations Note: As of September 30,…
Partial List of Sites Nuclear Laboratories & Security Environmental Management Idaho National Laboratory West Valley Demonstration Project Decommissioning and Idaho: Contract Expires 2019 Facility Disposition Lawrence Livermore…
mPower Headquartered in Charlotte, NC B&W mPowerTM Significant operations in Lynchburg, VA Small Modular Approximately 75 employees Reactor Design Note: As of September 30, 2014 B&W investment in mPower development reduced to…
2014 Priorities 21 2014 Babcock & Wilcox Company. All Rights Reserved.
2014 Priorities Maximize Business Performance Drive margin improvement in the Commercial business segments Achieve 2-3% operating income margin improvement in Power Generation by the end of 2015 Achieve 10% operating income margin…
Maximize Business Performance Drive Margin Improvement in the Commercial business segments Improve Power Generation margin through five distinct categories: Global manufacturing consolidation Supply chain optimization Engineering…
Drive Shareholder Value Share Repurchase and Dividend Program Share Repurchase Initiated first share buyback in November 2012, with 250M share Capital Returned to Shareholders repurchase authorization. Additional repurchase…
Financials 25 2014 Babcock & Wilcox Company. All Rights Reserved.
Summary Historical Financial Information in millions, except per share amounts Third Quarter Year-to-Date 2014 2013 2014 2013 Revenues 737.9 774.8 2,085.9 2,466.4 GAAP Operating Income 65.2 82.1 153.9 241.0 Adjusted Operating…
Full Year 2014 Guidance Revenues: 2.9 billion Significantly improved third quarter (Revised: November 2014) revenue and margin relative to the first half of the year demonstrate that our focus on efficiency, costs, and targeted…
Appendix 28 2014 Babcock & Wilcox Company. All Rights Reserved.
Reconciliation of Adjusted, Non-GAAP Items 29 2014 Babcock & Wilcox Company. All Rights Reserved.
Reconciliation of Adjusted, Non-GAAP Items 30 2014 Babcock & Wilcox Company. All Rights Reserved.
2014 Babcock & Wilcox Company. All Rights Reserved.
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