Company Overview February 2015 2015 Babcock & Wilcox Company. All Rights Reserved.
Profile The Babcock & Wilcox Company is a leader in clean energy technology and services, primarily for the nuclear, fossil and renewable power markets, as well as a premier advanced technology and mission critical defense…
Plans to Spin-off Power Generation Business Transaction Overview BWX Technologies, Inc. Government & Nuclear Operations The Babcock & Wilcox Company (B&W) Headquarters: Lynchburg, VA Incorporation: Delaware announced plans to…
Plans to Spin-off Power Generation Business Compelling Strategic Benefits The Company believes that the planned spin-off will result in material benefits to the standalone companies: Efficient Capital Flexibility to deploy and execute…
Segments and End Markets Power Generation Government & Nuclear Operations Power Generation Nuclear Energy Nuclear Operations Technical Services mPower Environmental / Nuclear component Virginia-Class Safe nuclear Small modular…
Power Generation New-Build 1.5 Billion LTM Revenue Steam Generating 2.2 Billion Backlog Systems Headquartered in Barberton, OH Approximately 5,300 employees Note: All figures as of December 31, 2014. New-Build Environmental…
Power Generation Revenues by Operations New-Build Steam Generating Systems 2,000 3,000 1,786 1,768 1,486 Utility boilers 1,800 2,700 1,600 1,425 1,542 2,506 2,247 2,400 Renewable boilers 2,072 Industrial boilers Revenues,…
Expanding Opportunities in the Global Market Focus on international markets 2014 PGG Revenues by Geography Coal boilers & Auxiliaries Renewable boilers Non-U.S. Non-U.S.37% Waste-to-Energy Biomass U.S. U.S. 63% Environmental…
Solid Base of Recurring Aftermarket Parts & Services Revenues Aftermarket Revenues Global Aftermarket 1,000 900 Stable replacement parts and small service projects business on existing Millions () 800 units 700 Retrofit…
B&W MEGTEC MEGTEC was acquired by B&W MEGTEC Overview B&W PGG on June 20, 2014 40+ year history with 600 employees across 13 offices globally Engages in design, engineering, manufacturing and servicing of industrial equipment for…
Nuclear Energy 155 Million LTM Revenue 265 Million Backlog Nuclear Headquartered in Charlotte, NC Equipment Approximately 700 employees Note: All figures as of December 31, 2014. Dundas, Ontario Cambridge, Ontario Nuclear…
Nuclear Energy 350 Revenues by Operations 700 Nuclear Equipment 321 326 300 284 600 CANDU and pressurized water reactor nuclear plants Backlog, Millions () Revenues, Millions () 250 485 500 200 196 155 400 Steam…
Nuclear Operations 1.2 Billion LTM Revenue Heavy Naval 2.8 Billion Backlog Nuclear Component Headquartered in Lynchburg, VA Engineering, Design Approximately 3,900 employees and Manufacturing Note: All figures as of December 31,…
Nuclear Operations Revenues by Operations Nuclear Operations 1,400 1,098 1,168 1,221 3,500 Manufactures naval nuclear reactors for 1,043 1,200 2,984 3,000 the U.S. Government Revenues, Millions () 2,995 2,778 Backlog,…
Proud Nuclear Heritage Six Decades of Contributions Nautilus Sturgeon Los Angeles Seawolf Ford Class Class Class Class Nimitz Class 1950 1960 1970 1980 1990 2000 2010 2017-2020 Destroyer Prototype NR-1 Ohio Virginia…
Technical Services Headquartered in Lynchburg, VA 14 contracts with operations across 18 different sites High-Consequence Approximately 300 employees Nuclear Operations Note: All figures as of December 31, 2014. Management Deep…
Partial List of Sites Nuclear Laboratories & Security Environmental Management Idaho National Laboratory West Valley Demonstration Project Decommissioning and Idaho: Contract Expires 2019 Facility Disposition Lawrence Livermore…
mPower Headquartered in Charlotte, NC B&W mPowerTM Significant operations in Lynchburg, VA Small Modular Approximately 45 employees Reactor Design Note: All figures as of December 31, 2014. B&W investment in mPower development…
2015 Priorities Complete the spin-off of the Power Generation business Anticipate completion in mid-summer Execute our work and deliver high quality goods and services to our customers Ensure the spin-off is not a distraction to our…
Financial Information 21 2015 Babcock & Wilcox Company. All Rights Reserved.
Summary Historical Financial Information in millions, except per share amounts Fourth Quarter Full Year 2014 2013 2014 2013 Revenues 837.1 802.8 2,923.0 3,269.2 GAAP Operating Income (156.5) 295.3 (2.6) 536.4 Adjusted Operating…
Full Year 2015 Guidance Segment Guidance B&W ended the year with a solid quarter Nuclear Operations revenues consistent with record levels achieved in the and a strengthening backlog heading into last two years and expected…
Appendix 24 2015 Babcock & Wilcox Company. All Rights Reserved.
Reconciliation of Adjusted, Non-GAAP Items Three Months Ended December 31, 2014 Pension & Restructuring Centrus OPEB MTM & GAAP Spin Costs Litigation Impairment (Gain) / Loss Acquisitions Non-GAAP Operating Income (156.5) 6.1 16.1…
Reconciliation of Adjusted, Non-GAAP Items Twelve Months Ended December 31, 2014 Centrus Pension & Restructuring Gain, net OPEB MTM & GAAP Spin Costs Litigation Impairment (Gain) / Loss Acquisitions Non-GAAP Operating Income (2.6)…
2015 Babcock & Wilcox Company. All Rights Reserved.
Loading...
