Proud ownership Second-quarter results 2014 Oslo 18 July 2014
Highlights Second-quarter results Dividend : NOK 940 million paid in accordance with our dividend policy Net asset value: NOK 24.2 billion in 2Q 2014 vs. NOK 22.9 billion in 1Q 2014, representing a 10% increase when adjusted for…
Aker ASA and holding companies NAV increased by 10% in 2Q 2014 (adj. for dividend) NOK billion 26 24.2 1.6 22.9 24 (0.9) 0.3 (0.1) (0.1) 0.3 0.1 +10% 22 20 18 16 14 31.3.14 Paid dividend Converto Other…
Aker ASA and holding companies Shareholder return of 32%, strong balance sheet Net asset value Net asset value NOK per share NOK billion 350 35 300 30 250 25 32% 200 20 NOK 24.2bn 150 15 100 10 50 5 0 0 2Q 2013 3Q 2013…
Aker ASA and holding companies 53% of gross assets related to oil and gas Other 6% (Other) 16% (E&P) 12% (Cash and liquid fund investments) 5% (Real estate dev.) NOK Oil and gas related Seafood & 8% 31.2 Marine Biotech…
Aker ASA and holding companies This is Aker NOK billion, as per 30.06.2014 Industrial Holdings Financial Investments Aker Solutions1)) 34.5% 10.1 3.1 Cash Det norske 50% 4.7 0.7 Liquid fund investments Ocean Yield 73.2% 3.9 0.4…
Aker ASA and holding companies Growing dividend supported by accelerating upstream cash flow NOK million 1200 1 000 1000 852 Upstream dividend payments 800 2014 2015 2020 Aker Solutions 600 Akastor 461 Kvaerner 400…
Industrial Holdings NOK 2.4bn underlying value increase in 2Q 2014 35% % of gross assets 30% 29% 71% 25% 24% OSEBX 1) Aker Solutions 21% Det norske 2) 1) 20% Ocean Yield 19% 1) Kvaerner 17% Havfisk Industrial Holdings 15%…
Aker Industrial Holdings 18 July 2014 AKER ASA Second-quarter and first-half results 2014 9
Industrial Holdings Aker Solutions Global oil services company providing services, technologies, product solutions and field life solutions % of gross asset value (30.06.14) Investment value of 32% NOK 10.1 billion Akers…
Industrial Holdings Det norske Exploration & Production company on the Norwegian continental shelf % of gross asset value (30.06.14) Investment value of 15% NOK 4.7 billion Akers ownership agenda Akers investment NOK…
Industrial Holdings Ocean Yield A maritime assets company with focus on long-term contracts % of gross asset value (30.06.14) Investment value of 12% NOK 3.9 billion Akers ownership agenda Akers investment NOK million…
Industrial Holdings Aker BioMarine Integrated biotech company specialised in krill harvesting and processing % of gross asset value (30.06.14) Book value of 6% NOK 1.7 billion Akers ownership agenda Akers investment NOK…
Industrial Holdings Kvaerner Specialised oil and gas-related EPC company % of gross asset value (30.06.14) Investment value of 3% NOK 1.0 billion Akers ownership agenda Akers investment1) NOK million Prioritise securing…
Industrial Holdings Havfisk Leading whitefish harvesting company % of gross asset value (30.06.14) Investment value of 2% NOK 0.7 billion Akers ownership agenda Akers investment NOK million Continue to improve operational…
Aker Financial Investments 18 July 2014 AKER ASA Second-quarter and first-half results 2014 16
Financial Investments NOK 3.0bn realisation target on track % of gross assets Key events 2Q: Cash decreased to NOK 3.1 billion vs. NOK 3.5 billion in 1Q 29% Underlying value decrease of approximately NOK 130 million related to…
Financial Investments Cash and Liquid fund investments % of gross asset value (30.06.14) Value of NOK 3.8 billion 12% Key events 2Q Cash decreased by NOK 0.4 billion to NOK 3.1 billion: - NOK 940 million paid in dividends to…
Financial Investments Fornebuporten real estate % of gross asset value (30.06.14) Receivable and equity 5% investment of NOK 1.6 billion Key events 2Q Construction of office and residential buildings at Fornebuporten…
Financial Investments Converto Capital Fund % of gross asset value (30.06.14) Value of NOK 2.8 billion 9% Key events 2Q Key figures 2013 1Q14 2Q14 NOK million Total assets under management reduced by NOK 0.5 AKPS 1 017 1 411…
Aker Financial Statements 18 July 2014 AKER ASA Second-quarter and first-half results 2014 21
Aker ASA and holding companies Balance sheet 31.12 31.03 30.06 Amounts in NOK million 2013 2014 2014 Intangible, fixed, and non-interest-bearing assets 237 243 250 Interest-bearing fixed assets 605 598 534 Investments 15 762 15 621…
Aker ASA and holding companies Interest bearing items and loan guarantees 2000 7 000 1800 6 000 Net interest bearing 1600 liabilities 5 000 1400 NOK 2.9 billion 1200 4 000 1000 Bank debt 3 000 Bonds 800 Cash 600 2 000…
Aker ASA and holding companies Income statement Amounts in NOK million 2Q 2013 2Q 2014 1H 2013 1H 2014 Year 2013 Sales gains - - - - - Operating expenses (57) (50) (109) (108) (236) EBITDA (57) (50) (109) (108) (236) Depreciation…
Aker BioMarine Financials Balance Sheet Amounts in USD million 31.12.2013 31.3.2014 30.6.2014 Property, plant and equipment 116 112 110 Intangible assets 67 66 67 Investments in joint ventures 65 64 62 Other assets 64 76 79 Cash and cash…
18 July 2014 AKER ASA Second-quarter and first-half results 2014 26