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Aker ASA Third Quarter Results 2014 – Aker Solutions

Aker Solutions · Nov 14, 2014 · 30 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Aker ASA Third Quarter Results 2014 – Aker Solutions – slide 1
    Proud ownership Aker ASA Third-quarter results 2014 Oslo 14 November 2014
  2. Aker ASA Third Quarter Results 2014 – Aker Solutions – slide 2
    Highlights Third-quarter 2014 Net asset value: NOK 22.3 billion in 3Q 2014 vs. NOK 24.2 billion in 2Q 2014, representing a 7.5% decline in the quarter Cash: NOK 1.6 billion in 3Q 2014 vs. NOK 3.1 billion in 2Q 2014. In addition, Aker…
  3. Aker ASA Third Quarter Results 2014 – Aker Solutions – slide 3
    Aker ASA and holding companies NAV decreased by 7.5% in 3Q 2014 Net asset value change in the period NOK billion 24.2 (1.6) -7.5% 22.3 (0.5) (0.2) 0.4 0.0 2Q 14 Aker Solutions Det norske Kvaerner Other Ocean Yield 3Q 14…
  4. Aker ASA Third Quarter Results 2014 – Aker Solutions – slide 4
    Aker ASA and holding companies Share price decline of 13%, but strong balance sheet Net asset value Net asset value NOK per share NOK billion1) 29.4 350 Industrial Holdings Other fin. invest2) 300 Cash and liquid fund investments…
  5. Aker ASA Third Quarter Results 2014 – Aker Solutions – slide 5
    Aker ASA and holding companies 53% of gross assets related to oil and gas Cash and liquid fund investments Portfolio mix Other 8% E&P 20% (2.2bn) 20% Real estate 6% Oil Services 33% (1.8bn) (5.7bn) development Maritime assets…
  6. Aker ASA Third Quarter Results 2014 – Aker Solutions – slide 6
    Aker ASA and holding companies This is Aker NOK billion, as per 30.09.2014 Listed investments Unlisted investments Industrial Holdings Financial Investments Aker Solutions1)) 34.8% 6.1 2.2 Cash and liquid fund investments Det…
  7. Aker ASA Third Quarter Results 2014 – Aker Solutions – slide 7
    Aker ASA and holding companies Growing dividend supported by accelerating upstream cash flow Upstream dividend payments from underlying portfolio NOK million 1 030E 1) 852 Financial Investments Kvaerner Aker BioMarine Ocean…
  8. Aker ASA Third Quarter Results 2014 – Aker Solutions – slide 8
    Industrial Holdings NOK 1.8bn underlying value decrease in 3Q 2014 20% 18%, Havfisk 11% 12%, Ocean Yield2) 10% 0% 0% -6% -10% -14% -16% -17%, Kvaerner2) -17% -20% -24%, OSX Oil Services Index -25%, Akastor1) -27%,…
  9. Aker ASA Third Quarter Results 2014 – Aker Solutions – slide 9
    Industrial Holdings Solid portfolio balance sheets Aker Solutions Akastor Det norske Ocean Yield Kvaerner Havfisk NOK billion NOK billion NOK billion USD million NOK billion NOK billion NIBD NIBD 13% NIBD 34% NIBD2) 41% Mkt.cap.…
  10. Aker ASA Third Quarter Results 2014 – Aker Solutions – slide 10
    Aker Industrial Holdings 14 November 2014 AKER ASA Third-quarter results 2014 10
  11. Aker ASA Third Quarter Results 2014 – Aker Solutions – slide 11
    Industrial Holdings Aker Solutions Global oil services company providing services, technologies, and product solutions within subsea and field design % of gross asset value (30.09.14) Investment value of 21% NOK 6.1 billion…
  12. Aker ASA Third Quarter Results 2014 – Aker Solutions – slide 12
    Industrial Holdings Akastor Oilfield services investment company with a flexible mandate for long-term value creation % of gross asset value (30.09.14) Investment value of 8% NOK 2.4 billion Akers ownership agenda Akers…
  13. Aker ASA Third Quarter Results 2014 – Aker Solutions – slide 13
    Industrial Holdings Kvaerner Specialised oil and gas-related EPC company % of gross asset value (30.09.14) Investment value of 3% NOK 0.8 billion Akers ownership agenda Akers investment1) NOK million Secure new NCS…
  14. Aker ASA Third Quarter Results 2014 – Aker Solutions – slide 14
    Industrial Holdings Det norske Exploration & Production company on the Norwegian continental shelf % of gross asset value (30.09.14) Investment value of 20% NOK 5.7 billion Akers ownership agenda Akers investment NOK…
  15. Aker ASA Third Quarter Results 2014 – Aker Solutions – slide 15
    Industrial Holdings Marathon Norway - a company maker for Det norske Net average daily production Revenues Pre-tax profit First nine months 2014, (000 boepd) First nine months 2014, (NOKbn) First nine months 2014, (NOKbn) 65.4 11.6…
  16. Aker ASA Third Quarter Results 2014 – Aker Solutions – slide 16
    Industrial Holdings Ocean Yield A maritime assets company with focus on long-term contracts % of gross asset value (30.09.14) Investment value of 14% NOK 4.2 billion Akers ownership agenda Akers investment NOK million…
  17. Aker ASA Third Quarter Results 2014 – Aker Solutions – slide 17
    Industrial Holdings Aker BioMarine Integrated biotech company specialised in krill harvesting and processing % of gross asset value (30.09.14) Book value of 6% NOK 1.7 billion Akers ownership agenda Akers investment NOK…
  18. Aker ASA Third Quarter Results 2014 – Aker Solutions – slide 18
    Industrial Holdings Havfisk Leading whitefish harvesting company % of gross asset value (30.09.14) Investment value of 3% NOK 0.7 billion Akers ownership agenda Akers investment NOK million Operational excellence and…
  19. Aker ASA Third Quarter Results 2014 – Aker Solutions – slide 19
    Aker Financial Investments 14 November 2014 AKER ASA Third-quarter results 2014 19
  20. Aker ASA Third Quarter Results 2014 – Aker Solutions – slide 20
    Financial Investments NOK 3.0bn realisation target remains on track % of gross assets Key events 3Q: Cash decreased to NOK 1.6 billion vs. NOK 3.1 billion in 2Q 26% Underlying value in line with 2Q Financial Investments NOK billion…
  21. Aker ASA Third Quarter Results 2014 – Aker Solutions – slide 21
    Financial Investments Cash and Liquid fund investments % of gross asset value (30.09.14) Value of NOK 2.2 billion 8% Key events 3Q Cash decreased by NOK 1.5 billion to NOK 1.6 billion: - NOK 1 501 million equity contribution…
  22. Aker ASA Third Quarter Results 2014 – Aker Solutions – slide 22
    Financial Investments Public financial investments % of gross asset value (30.09.14) Value of NOK 2.1 billion 7% Key events 3Q The value of public financial investments increased Key figures 4Q 13 2Q14 3Q14 NOK million by…
  23. Aker ASA Third Quarter Results 2014 – Aker Solutions – slide 23
    Financial Investments Real estate development (Fornebuporten) % of gross asset value (30.09.14) Receivable and equity 6% investments of NOK 1.7 billion Key events 3Q Construction of office and residential buildings at…
  24. Aker ASA Third Quarter Results 2014 – Aker Solutions – slide 24
    Financial Investments Other financial investments % of gross asset value (30.09.14) Receivable and equity 5% investments of NOK 1.6 billion Key events 3Q Other financial investments remained at NOK 1.6 Key figures 4Q 13 2Q14…
  25. Aker ASA Third Quarter Results 2014 – Aker Solutions – slide 25
    Aker Financial Statements 14 November 2014 AKER ASA Third-quarter results 2014 25
  26. Aker ASA Third Quarter Results 2014 – Aker Solutions – slide 26
    Aker ASA and holding companies Balance sheet Amounts in NOK million 2013 2Q 2014 3Q 2014 Intangible, fixed, and non-interest-bearing assets 237 250 273 Interest-bearing fixed assets 605 534 488 Investments 15 762 15 678 16 923…
  27. Aker ASA Third Quarter Results 2014 – Aker Solutions – slide 27
    Aker ASA and holding companies Interest bearing items and loan guarantees 2000 7 000 1800 6 000 1600 5 000 1400 Net interest bearing liabilities 1200 4 000 NOK 4.4 billion 1000 Bank debt 3 000 Bonds 800 600 2 000 Cash…
  28. Aker ASA Third Quarter Results 2014 – Aker Solutions – slide 28
    Aker ASA and holding companies Income statement Amounts in NOK million 3Q 2013 2Q 2014 3Q 2014 YTD 2013 YTD 2014 Year 2013 Operating expenses (57) (50) (63) (166) (171) (236) EBITDA (57) (50) (63) (166) (171) (236) Depreciation (4)…
  29. Aker ASA Third Quarter Results 2014 – Aker Solutions – slide 29
    Aker BioMarine Financials* Balance Sheet (in USD million) 31.12.2013 30.6.2014 30.9.2014 Property, plant and equipment 117 111 110 Intangible assets 73 73 73 Investments in equity-accounted investee 6 6 6 Other assets 58 79 74 Cash and…
  30. Aker ASA Third Quarter Results 2014 – Aker Solutions – slide 30
    Proud ownership

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