Q1 Financial Results June 19, 2014 Stuart Bradie President and Chief Executive Officer Brian Ferraioli EVP and Chief Financial Officer Zachary Nagle VP Investor Relations
Q1 2014 Overview New CEO in place and Strategic Review is being launched 10-K Restatement and Q-1 filing complete; current with financial reporting to SEC Q-1 results adversely impacted by Services and IGP Groups while Gas Mon and…
Canadian Pipe Fabrication and Module Assembly Seven pipe fabrication/module assembly contracts, unique to our Canada business, that were signed in 2012 2013 Represented significant sales growth but modules were larger and more complex…
KBR First Quarter Consolidated Results Quarter Ending Commentary ( in millions, except EPS) Mar 31, 2014 Mar 31, 2013 As expected, bookings light for quarter. Significant improvement in Q-2 (Hydrocarbons Bookings 559 1,143 and IGP)…
Segment Reporting Q1 2014 vs Q1 2013 Quarter Ending ( in millions) Mar 31, 2014 Mar 31, 2013 Revenue Revenue Decrease primarily due to reduced revenues on Gas-to- Liquids and LNG projects in Africa nearing completion Gas Monetization…
Cash / Capital Allocation KBR Cash Balance Return of Cash to Shareholders YTD Since Q1 '14 Q1 '13 Q1 '14 in millions in millions May-14 Jan-07 Domestic 249 164 Share Repurchases 56 94 681 International 641 543 Dividends 12 12 204…
Market Outlook: Gas Monetization Commenced work under Shell Global LNG frame agreement Continued strong pipeline of Pre-Front End Engineering Design, FEED, and EPC opportunities Recently awarded & working on Gulf LNG FERC FEED in U.S.…
Market Outlook: Hydrocarbons Well placed for additional offshore engineering opportunities for UK, Norway and the Gulf of Mexico FLNG activity growing; engaged in a number of early stage developments with the opportunity of…
Market Outlook: IGP Seeing good opportunities with international governments and continued movement in US power markets Aspire defense project in the U.K. construction phase ending in 2014 with continuation of services phase…
Market Outlook: Services Continued opportunities in North American construction and industrial services markets; remains competitive Mexican offshore industrial services business longer term contracts (i.e., 3 years),…
Summary 2014 is a transition year and a strategic review is being launched. However, KBR remains a strong, global company with a diverse portfolio of businesses and technical capabilities Plan to capitalize on strong opportunities…
Appendix 13
Consolidated EBITDA Reconciliation Q1 2014 Quarter Ending ( in millions) Mar 31, 2014 Mar 31, 2013 Net Income (Loss) Attributable to KBR (43) 88 Add Back: Interest Income (Expense) (2) (1) Provision for Tax (21) (30) Depreciation…
KBRs Four Business Groups Gas Monetization Services Liquefied Natural Gas Modular Construction and Fabrication Turn-Around Services Pipe Fabrication Startup Services Gas-to-Liquids Construction Industrial Services Hydrocarbons…
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