Preferred partner Investor Day 2015 London, March 17, 2015 Luis Araujo, CEO Svein Stoknes, CFO 2015 Aker Solutions Slide 1 March 17, 2015 Investor Day 2015 Preferred partner
Positioned to Capture Growth Subsea Field Design 2015 Aker Solutions Slide 3 March 17, 2015 Investor Day 2015 Preferred partner
Strategic Objectives 1. Be the preferred partner, with an unparalleled level of safety and performance 2. Capture growth in offshore deepwater, subsea and harsh environment markets 3. Maintain and expand a global presence through…
Creating Value Through Subsea Strongly positioned to develop advanced subsea systems from design to construction, maintenance and upgrades 2015 Aker Solutions Slide 5 March 17, 2015 Investor Day 2015 Preferred partner
Creating Value at the Front End Project cost Ability to influence cost Front End Spectrum Time Front FEED E P C I C Operation end Current market fuels interest in feasibility, concept studies Early involvement to…
Creating Value Through Technology Development R&D focus on developing cost-effective solutions to solve industry challenges Aging fields Complex reservoirs Stricter regulation Higher costs Four main R&D areas Advanced subsea…
Improvement Agenda Internally at Aker Solutions Cost-savings programs in all Major push to improve quality business segments and corporate and efficiency in execution functions Focus on simplifying and Renegotiated contract terms…
Improvement Agenda Externally With Our Customers Collaboration with clients to Pit Stop project cut time spent achieve operational, cost- on subsea tree refurbishment to savings improvements 17 weeks from 1 year Utilize know-how…
Good Visibility From Strong Order Backlog1 End 2014 order backlog by execution date Order intake and backlog NOK billion NOK billion Potential additional revenue from existing agreements Intake Backlog 20 Firm backlog 53.9…
Financial Guidance Revenue Balance sheet Positive long-term offshore, deepwater Maintenance capex / R&D 3% of revenue outlook Current major capex expansion plans to be Near-term uncertainty on award timings finished in 2015 Aim to…
Outlook Increased short-term market uncertainty amid concern over capital constraints, oil price drop Steady tendering in main markets, though risk of project delays North Sea activity seen sluggish next 1-2 years even as projects…
Q&A Q&A 2015 Aker Solutions Slide 14 March 17, 2015 Investor Day 2015 Preferred partner