Two New Companies New Aker Solutions A leaner and more focused company with deeper synergies Committed to operational excellence and organic growth Well-positioned in fast-growing deepwater and subsea markets Two reporting segments:…
Timeline Transaction Summary and Timetable Transaction Summary Deal Timetable Company Aker Solutions ASA Management roadshow launched Main exchange Oslo Stock Exchange Sep 15 New Aker Solutions prospectus published Aker Solutions…
Timeline Streamlining Aker Solutions Sale of WIS Sale of P&C to EQT to Jacobs Aker Solutions Sale of MLS Subsea and to Cargotec Field Design 2002 2010 2011 2013 2014 Future Akastor Oilfield services investment company…
Aker Solutions Investment Highlights A market leader in the growing subsea systems and equipment and offshore 1 engineering markets Well positioned for revenue growth underpinned by a strong existing order 2 backlog and increased…
1 Market Leader in Subsea Systems and Engineering Differentiated offering supporting strong market positions 1 in a strong market 2 Subsea Steady growth in offshore capex spending Long-standing relationships Subsea tree awards: 2013…
1 Developing the Subsea Factory SUB, ENG and MMO The evolution of advanced subsea systems Subsea production and processing into full life of field solutions equipment market estimated to grow at 13-22% CAGR (2013-2020) Links up…
2 Market Fundamentals Reflected in Backlog Growth Backlog development by segment 1 2Q 14 Backlog by execution year NOK billion NOK billion 2Q 14 backlog at 1.8x LTM 60 20 to 30 June 2014 revenue 50 15 40 30 10 18.6 20 14.5 5…
2 Expanded Capacity to Deliver Backlog, Capture Growth Egersund facility (Norway) Tranby facility (Norway) New Subsea assembly and New machinery, tooling and test hall facility flow loop infrastructure for increased Subsea plant…
3 Gradual Margin Improvement to Continue Improved project and service mix Improved backlog quality Operational leverage and efficiencies AKSO installed base age profile 1 2Q 14 Subsea backlog by vintage Improving costs and margin…
3 Continuing Focus on Project Execution Deliver as bid Aligned project work processes across BAs or better Establishing a central PMO Implemented common risk management procedures / revised internal policies on 2014+ control,…
5 Focused business led by experienced management A more focused business Supported by experienced operational management Before the demerger After the demerger E&Ps, offshore yards, EPC Luis Araujo (55) Svein Oskar Stoknes Oil…
New Aker Solutions Aker Solutions Subsea Field Design Maintenance, Subsea Umbilicals Engineering Modifications and Operations Revenue: NOK 16.6 bn Revenue: NOK 13.1 bn EBITDA: NOK 1.7 bn (10.3%) EBITDA: NOK 0.9 bn (6.7%)…
Strong Order Backlog and Intake 2Q 14 Order backlog by execution date Order backlog and intake evolution NOK billion NOK billion 20 53.9 60.0 42.5 41.1 40.9 15 39.6 39.4 50.0 10 40.0 18.6 23.6 21.4…
Regional Market Outlook Tight E&P capital discipline seen globally over next 1-2 years, followed by wave of projects Slowdown in Norways MMO market Strong project pipeline in offshore Norway, though risk of delays Rapid spending…
Financial Guidance Revenue Balance sheet The overall offshore market is seen as Maintenance capex / R&D 3% of growing around 7% per year over the revenues medium term Current major capex expansion plans to be We see our core…
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