Earnings Conference Call Fluor Corporation First Quarter 2014 HO20140013 1
Safe Harbor Statement Any forward-looking statements (including without limitation statements to the effect that the company or its management believes, expects, anticipates, plans, or other similar expressions) made in this presentation…
First Quarter 2014 Highlights Net earnings attributable to Fluor of 149 million, compared with 166 million a year ago Net earnings per share of 0.92 per diluted share, compared with 1.02 per diluted share a year ago Consolidated…
First Quarter 2014 Financial Performance Quarter Ended ( in millions, except EPS) 3/31/2013 3/31/2014 Revenue 7,186 5,385 Segment Profit 294 268 Net Earnings* 166 149 EPS (diluted) 1.02 0.92 New Awards 6,512 10,668 Backlog 37,460…
First Quarter 2014 Summary Oil & Gas New awards of 8.8 billion LNG project in Canada Clean fuels refinery project in Kuwait Additional scope for refinery expansion in Canada Pipeline project in Mexico Chemicals project in Malaysia…
First Quarter 2014 Summary Industrial & Infrastructure New awards of 924 million Includes additional scope on a copper project in Peru and an iron ore facility in Australia Backlog of 9.9 billion, down from 16 billion a year ago…
First Quarter 2014 Summary Government New awards of 748 million; backlog of 2.6 billion Five-year contract to maintain U.S. Strategic Petroleum Reserve for DOE Cavendish Fluor partnership selected as preferred bidder on Magnox for the…
First Quarter 2014 Summary Revenue reduction from 2013 mainly due to fall-off in mining activity Revenue reduction from prior quarter included modestly lower Oil & Gas volume Reflects a mix change with an increase in FEED and…
Corporate Items Cash plus current and non-current marketable securities 2.6 billion, compared with 2.5 billion a year ago 187 million in cash flow from operating activities Repurchased approximately 200 million of shares in 1Q 2014;…
Backlog Contract Type & Region Backlog 45 40.2 40 37.5 20% 37.0 36.5 80% 34.9 35 30 25 Reimbursable Fixed Price 20 15 32% 34% 10 5 6% 28% 0 3/31/13 6/30/13 9/30/13 12/31/13 3/31/14 United States The Americas (excluding…
Outlook Expect earnings growth to start in the second half of 2014 Reduction in revenue from mining and government businesses will remain an offset to growth in Oil & Gas through the second quarter Outside of Oil & Gas, new awards…
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