Preferred partner Aker Solutions March 5, 2014 Leif Borge CFO 2013 Aker Solutions Slide 1 March 5, 2014 Preferred partner
Streamlining the business Sale of WIS Deepwater and to EQT subsea oil-services company Sale of P&C Sale of MLS to Jacobs to Cargotec 2010 2013 Future 2002 2011 2014 Demerger of 7 business Marine Contractors areas…
ending up with a more focused and capital light company Divestment plan Net capital employed Net interest bearing items By divestment object NOK billion NOK billion 21.9 8.2 Nine business area Aker Solutions MLS MLS Mooring and…
Two different business models ENG and MMO SUB, DRT, UMB and PRS % of six BA total % of six BA total Technology business with large elements Product based technology manufacturing business Description of day rate/ reimbursable…
Our focus: improve profitability and return on capital We will continue investing in growth with increased capital discipline and greater scrutiny on our investments returns So that our main focus going forward is to improve…
2013 Key figures1 Revenue and EBITDA Order intake & backlog Dividend per share NOK billion NOK billion NOK million Revenue EBITDA2 Intake Backlog 50 5 70 5 45 4,5 60 40 4 4 42.9 35 3,5 50 4.10 57.9 30 3 3.5 40 58.1 3 25 2,5 30…
4Q 2013 Key figures1 Revenue and EBITDA Order intake and backlog NOK billion NOK billion Revenue EBITDA2 Intake Backlog 14 1,4 30 80 12 1,2 25 60 10 1,0 20 11.4 58.1 8 0,8 1.1 15 40 6 0,6 10 4 0,4 12.9 20 5 2 0,2 0…
2013 & 2012 by business area Revenue Profitability NOK million EBITDA margin (percent) 13,534 10,8 SUB SUB 12,174 8,3 11,055 6,8 MMO 11,061 MMO 8,8 9,880 10,1 DRT 8,696 DRT 12,1 3,868 6,6 ENG 4,508 ENG 11,1 2,036 0,1 UMB…
Strong financial position Net debt of NOK 8.2 billion Liquidity buffer of NOK 6.7 billion Received NOK 5.4 billion in cash in January 2014 from divestments of WIS and MLS Net current operating assets (NCOA)1 LTM EBITDA, NIBD and…
But, we have to improve our return on capital employed Focusing the portfolio Our improvement agenda Nine BA and six BA ROACE % Increase our capital discipline 26.0 % Increase the hurdle rate for our investments to 22.9 % the level…
Recent industry trends The oil price is steady at about 100 USD Oil companies face challenges in growing their capex, dividends Brent Oil MSCI World Capex Dividends Operating cash flow 150 1600 USD bn 140 350 324 325 1500 317 130…
Market outlook High tender activity continues in most markets Strong order backlog supports robust activity levels MMO slowdown in Norway as oil companies reduce spending Drilling Technologies growth helped by more diversified…
Strong order backlog1 Order backlog by execution date Order backlog adjusted for Cat B2 NOK billion NOK billion 80 Cat B 33 Adjusted 70 25 60 2014 Later 50 Order backlog of NOK 58.1 bn 40 NOK million 70 ENG DRT SUB MMO…
In summary Record-high order intake in 2013 Profit margins widened in year on stronger execution, revenue Streamlined business through divestments Dividend of NOK 4.10 per share Key priority to deliver successfully on high order…
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