Babcock International Group PLC · LSE:BAB
Babcock International — Investor Day (October 2014)
103 slides from Babcock International's investor day presentation, Oct 3, 2014
Slide 1: Analyst and Investor Site Visit Hinkley Point
Analyst and Investor Site Visit Hinkley Point 2 – 3 October 2014
Slide 2: Introduction
Introduction Kevin Thomas and Roger Hardy
Slide 3: Welcome to Hinkley Point
Welcome to Hinkley Point C B A Analyst and Investor visit Hinkley Point 2/3 October 2014 3
Slide 4: Safety Brief
Safety Brief • We are visiting two of the three nuclear licensed sites at Hinkley Point – Hinkley Point A - Magnox Station undergoing decommissioning – Hinkley Point B - Advanced Gas Reactor station currently generating – Hinkley Point C - European Pressurised Reactor just starting build • Safety is
Slide 5: Nuclear safety
Nuclear safety • The UK nuclear safety standard is the most stringent in the world – UK licensed site operators are required to demonstrate that the risk of a major incident is <10-6 – Office of Nuclear Regulation grants permission to undertake activity – over 50 years of safe operation • The bigges
Slide 6: Radiological Safety
Radiological Safety • Radiation occurs naturally and is invisible • Most people’s exposure comes from the ground, cosmic rays from space and from medical uses • We measure radiation doses in Sieverts (Sv) Source/impact Level (mSv) Fatal dose 5000 Legal limit for UK radiation workers 20 CT scan 10 Av
Slide 7: Conventional Health and Safety
Conventional Health and Safety • Please stay with your escort at all times • If an alarm sounds, follow your escort and listen carefully to instructions • Please stick to designated footpaths and be aware of uneven floor surfaces • Hold handrails on stairways • Do not use your cameras Analyst and In
Slide 8: Babcock Group divisional structure
Babcock Group divisional structure Babcock International Group Chief Executive, Peter Rogers Marine & Technology Defence & Security International Support Services Chief Executive Chief Executive Chief Executive Chief Executive Archie Bethel John Davies Bill Tame Kevin Thomas • Naval Marine • Air • A
Slide 9: Support Services division: business units
Support Services division: business units Chief Executive Kevin Thomas Critical Integrated Network Skills Services Services Engineering & Learning MD MD MD MD MD Roger Hardy Neal Misell David Olney Bob Whiley Austin Lewis Director of Director of Director of Director of Safety Organisation Finance Co
Slide 10: The nuclear market is a global one
The nuclear market is a global one Source: Commercial figures: http://world-nuclear.org/NuclearDatabase/Default.aspx?id=27232 Research figures: http://www.iaea.org/OurWork/ST/NE/NEFW/Technical-Areas/RRS/databases.html Analyst and Investor visit Hinkley Point 2/3 October 2014 10
Slide 11: Global distribution of nuclear reactors is highly skewed
…but the global distribution of nuclear reactors is highly skewed 450 Commercial (Power) 400 Research 350 300 250 200 150 100 ……. 50 0 Source: Commercial figures: http://world-nuclear.org/NuclearDatabase/Default.aspx?id=27232 Research figures: http://www.iaea.org/OurWork/ST/NE/NEFW/Technical-Areas/R
Slide 12: What sets Babcock apart makes Cavendish Nuclear unique
What sets Babcock International Group apart in the market is what makes Cavendish Nuclear unique Skills Team and partner Strong service culture building Clear customer Reputation empathy Complex integrated output Adaptability contracts Agnostic on Leadership technology Focus on positions Scale engin
Slide 13: We have developed our business in a systematic way
We have developed our business in a systematic way New Build and 2014 International Expansion HPC 2012 - 2014 Magnox / ABWR Consolidation 2011 - 2013 RSRL win International Delivery of Expansion contracts / Nuclear reactor 2010 - 2012 Dounreay relationship operator Integration 2006 – 2010 win deve
Slide 14: Annual revenue and order book have grown strongly
Our annual revenue and order book have both grown strongly £1,000,000 4000000 £900,000 3500000 £800,000 3000000 £700,000 Annual Revenue 2500000 £600,000 Order Book £500,000 2000000 £400,000 1500000 £300,000 1000000 £200,000 500000 £100,000 £0 0 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 Financi
Slide 15: Analyst and Investor visit Hinkley Point 2/3 October 2014
Analyst and Investor visit Hinkley Point 2/3 October 2014 15
Slide 16: Cavendish Nuclear: market leader
Cavendish Nuclear: market leader • Largest nuclear services company in the UK • Operate 13 out the UK’s 36 licensed sites • Approx 6,000 employees • Operate Wylfa Nuclear Power Station providing energy to 600,000 homes • Dounreay – most complex decommissioning contract in Europe • Helping build the
Slide 17: Cavendish Nuclear: management team
Cavendish Nuclear: management team Managing Director Roger Hardy MD MD MD Capability, MD Dounreay Designate New Build Assurance & UK Projects Mark Rouse Magnox / RSRL Mark Brennan Engineering Corhyn Parr Kenny Douglas Director Malcolm Smith Strategic International Corporate Services Business Support
Slide 18: Cavendish Nuclear today – a unique position in the UK
Cavendish Nuclear today – we have forged a unique position in the UK Analyst and Investor visit Hinkley Point 2/3 October 2014 18
Slide 19: We are trusted to operate a nuclear reactor
We are trusted to operate a nuclear reactor Cavendish Nuclear One of only two nuclear power generators in the UK Keeping the lights on – delivering a nationally important critical service WYLFA Analyst and Investor visit Hinkley Point 2/3 October 2014 19
Slide 20: We undertake the most complex and critical tasks
We undertake the most complex and critical tasks Cavendish Nuclear Delivering to time and cost – technically complex decommissioning projects Creating a European Reference Site for international delivery standards DOUNREAY Analyst and Investor visit Hinkley Point 2/3 October 2014 20
Slide 21: We deliver the closure projects
We deliver the closure projects Cavendish Nuclear Trusted to deliver the UK’s first nuclear power station to care and maintenance Working with UK regulators and within UK regulations – some of the most demanding in the world BRADWELL Analyst and Investor visit Hinkley Point 2/3 October 2014 21
Slide 22: Preparing to build for the first time in a generation
And we are preparing to build for the first time in a generation Cavendish Nuclear Largest nuclear SQEP workforce in the UK Leading nuclear design house HINKLEY POINT Analyst and Investor visit Hinkley Point 2/3 October 2014 22
Slide 23: Our business today is much broader
Our business today is much broader….. …and we aim to develop further in two ways Operations Concept Detail Decommiss- Assessment Manufacture Installation and Design Design ioning Maintenance Reactor and Magnox ABWR ABWR Nuclear ABWR Magnox and and EPR and EPR Island Dounreay Magnox Support UK UK UK
Slide 24: Our competitors are major international companies
Our competitors are major companies who operate internationally Company Current markets Future intentions Where we will compete AMEC UK new build Tier 3 work New Build Doosan UK new build and O&M Uncertain New Build URS US and UK decommissioning European and Asian Canada decommissioning Japan Rolls-
Slide 25: Our business today is much broader
Our business today is much broader….. …and we aim to develop further in two ways Operations Concept Detail Decommiss- Assessment Manufacture Installation and Design Design ioning Maintenance Reactor and Magnox ABWR ABWR Nuclear ABWR Magnox and and EPR and EPR Island Dounreay Magnox Support UK UK UK
Slide 26: Skills and resources in UK
Skills and resources in UK UK Headcount 10000 9000 8000 7000 6000 5000 4000 Naval Nuclear 3000 Civil Nuclear 2000 1000 0 Source: Company estimates Analyst and Investor visit Hinkley Point 2/3 October 2014 26
Slide 27: Our ability to partner is very important
Our ability to partner is very important Analyst and Investor visit Hinkley Point 2/3 October 2014 27
Slide 28: Why visit Hinkley Point?
Why visit Hinkley Point ? C B A Analyst and Investor visit Hinkley Point 2/3 October 2014 28
Slide 29: Analyst and Investor visit Hinkley Point 2/3 October 2014
Analyst and Investor visit Hinkley Point 2/3 October 2014 29
Slide 30: Analyst and Investor Site Visit Hinkley Point
Analyst and Investor Site Visit Hinkley Point 2 – 3 October 2014 Analyst and Investor visit Hinkley Point 2/3 October 2014
Slide 31: Welcome and Safety Brief
Welcome and Safety Brief Roger Hardy Analyst and Investor visit Hinkley Point 2/3 October 2014
Slide 32: We have developed our business in a systematic way
We have developed our business in a systematic way New Build and 2014 International Expansion HPC 2012 - 2014 Magnox / ABWR Consolidation 2011 - 2013 RSRL win International Delivery of Expansion contracts / Nuclear reactor 2010 - 2012 Dounreay relationship operator Integration 2006 – 2010 win deve
Slide 33: Cavendish Nuclear: market leader
Cavendish Nuclear: market leader • Largest nuclear services company in the UK • Operate 13 out the UK’s 36 licensed sites • Approx 6,000 employees • Operate Wylfa Nuclear Power Station providing energy to 600,000 homes • Dounreay – most complex decommissioning contract in Europe • Helping build the
Slide 34: Conventional Health and Safety
Conventional Health and Safety • Please stay with your escort at all times • If an alarm sounds, follow your escort and listen carefully to instructions • Please stick to designated footpaths and be aware of uneven floor surfaces • Hold handrails on stairways • Do not use your cameras Analyst and In
Slide 35: Analyst and Investor visit Hinkley Point 2/3 October 2014
Analyst and Investor visit Hinkley Point 2/3 October 2014 35
Slide 36: Decommissioning – Dounreay and Magnox
Investor Day Decommissioning – Dounreay and Magnox Analyst and Investor visit Hinkley Point 2/3 October 2014 36
Slide 37: Decommissioning work focused around two major contracts
Our decommissioning work in the UK is focused around two major contracts • Dounreay – Size £1.6bn – 2012 to 2025 – First Target Cost Incentivised Fee contract to be awarded by NDA – Brought proven technical innovation to UK – Change in Nuclear Decommissioning Authority (NDA) strategy will mean subst
Slide 38: Dounreay: European Reference Site
DOUNREAY: EUROPEAN REFERENCE SITE Analyst and Investor visit Hinkley Point 2/3 October 2014 38
Slide 39: Dounreay site plan
Dounreay site plan Prototype Fast Reactor Dounreay Fast Reactor Fuel Cycle Area Shaft Materials Test Reactor Not part of Vulcan Naval Dounreay Reactor Test Establishment (Ministry of Defence) Analyst and Investor visit Hinkley Point 2/3 October 2014 39
Slide 40: New contract basis
New contract basis • Cavendish Dounreay Partnership owns Site License Company - NDA owns the site • Lead on Cavendish Dounreay Partnership joint venture • Manage the site to defined interim end state • Contract basis is NDA client output specification • Annual Site Funding Limit ~£150m per year • In
Slide 41: Some technical challenges are amongst the most complex in the world
Some of the technical challenges are amongst the most complex in the world • First sight of the reactor core for over 40 years 41 Point 2/3 October 2014 Analyst and Investor visit Hinkley 41
Slide 42: New scope with additional technical challenges
Including new scope with additional technical challenges: UFCF (Unirradiated Fuel Characterisation Facility) • Additional scope due to change in government strategy Analyst and Investor visit Hinkley Point 2/3 October 2014 42
Slide 43: Shaft and Silo intermediate level waste retrieval
Shaft and Silo intermediate level waste retrieval • Complex and technically challenging projects 43 Point 2/3 October 2014 Analyst and Investor visit Hinkley 43
Slide 44: Innovative waste management approach delivers savings
Our approach to waste management is innovative and delivers significant savings • Proven innovation Survey and characterise Targetted activity removal to achieve waste criteria Concrete or foam fix activity (if required) Remove building Diamond wire cut cells into largest possible units Transport an
Slide 45: Interim end state: environmental remediation
Interim end state: environmental remediation • Zoned approach • Begin with the end in mind • Clear standards and expectations • Perform radiological /chemical sampling • Develop site wide safety case • Implement zoned remedial action plan Analyst and Investor visit Hinkley Point 2/3 October 2014 454
Slide 46: Magnox/RSRL
Magnox/RSRL 46
Slide 47: New contract basis
New contract basis • Lead on Cavendish Fluor Partnership joint venture • Cavendish Fluor Partnership is now the Parent Body responsible for safely delivering 10 Magnox and 2 RSRL sites to their interim/final end states • The operation of a nuclear generating station – Wylfa – and a hydro-electric pl
Slide 48: The Magnox and RSRL sites
The Magnox and RSRL sites Site Interim state achieved Bradwell Dec 2015 Berkeley Mar 2021 Winfrith Mar 2021 (Interim End State) Hunterston A Mar 2022 Hinkley Point A Apr 2025 Wylfa Jun 2025 Trawsfynydd Dec 2016 / Jul 2026 Sizewell A Mar 2027 Harwell Mar 2027 Dungeness A Apr 2019 / Mar 2027 Oldbury S
Slide 49: Contract overview
Contract overview • To deliver safely the 12 sites to their interim and final end states • Target cost incentivised fee – we have agreed a target cost and target fee for 6.5yrs – pricing parameters for 7 years from April 2021 have been agreed – fee paid based on performance based incentives (20% of
Slide 50: Contract scope in two distinct phases
The scope of the contract is in an output specification and is in 2 distinct phases • Phase 1: 2014 - 2021 – Magnox stations to have been de-fuelled and spent fuel reprocessed – 3 Magnox sites at interim state (care and maintenance) – Winfrith at final end state • Phase 2: 2021 – 2028 – All other Ma
Slide 51: Achieving the savings
Achieving the savings • Single organisation and common systems • Supply chain optimisation • Challenging end state / Care and Maintenance criteria • Standardisation - Programmes - Safety cases • Revised waste approach - Container strategy + Consolidation • Asset management focus • Revised organisati
Slide 52: Programmed approach across the sites
Programmised approach 10 Programmes across the 12 sites • Ponds • Plant and Structures • Legacy Waste • Waste Operations • Generation • Defuelling • Reactors • Site Restoration • Asset Management • Care and Maintenance Analyst and Investor visit Hinkley Point 2/3 October 2014 52
Slide 53: Lead and learn approach to programmes
Lead and learn approach to programmes Analyst and Investor visit Hinkley Point 2/3 October 2014 53
Slide 54: Technical innovation – a simplified, cost-effective approach
Technical innovation – a simplified and cost-effective approach Integrated waste solutions – lower cost options Cross estate approach to asset management Analyst and Investor visit Hinkley Point 2/3 October 2014 54
Slide 55: Fuel Element Debris – a simplified approach
Fuel Element Debris – a simplified approach Analyst and Investor visit Hinkley Point 2/3 October 2014 55
Slide 56: Summary
Summary • Dounreay – Complex decommissioning project – Single site project – First of a kind in Europe – creating reference site – Size £1.6bn – 2012 to 2025 • Magnox – Technical decommissioning and site consolidation project – Multi-site project (10 Magnox reactors and 2 research reactors) – Larges
Slide 57: Analyst and Investor visit Hinkley Point 2/3 October 2014
Analyst and Investor visit Hinkley Point 2/3 October 2014 57
Slide 58: Sellafield: An Overview
Sellafield An Overview Analyst and Investor visit Hinkley Point 2/3 October 2014 58
Slide 59: One of the most complex sites in the world
One of the most complex sites in the world Analyst and Investor visit Hinkley Point 2/3 October 2014 59
Slide 60: Overview
Overview Total NDA Expenditure Profile (undiscounted) • Sellafield dominates NDA spend • NDA estimates - Sellafield requires £79.1bn (undiscounted) to reach its end state Analyst and Investor visit Hinkley Point 2/3 October 2014 60
Slide 61: Sellafield – site of contractual risk and uncertainty
Sellafield – site of contractual risk and uncertainty NDA recognises the risk and uncertainty “ It is likely that this estimate will increase significantly as we complete our scrutiny of the plan and better understand the ranges of uncertainties within it. It is also clear that it may take several i
Slide 62: Sellafield's supply chain spend
Sellafield’s supply chain spend Legacy ponds and silos Major transitions planned over the next ten years • Additional security measures • Completion of - major new construction to support legacy ponds and silos projects - reprocessing – Magnox and Thermal Oxide Reprocessing - vitrification programme
Slide 63: How do we fit into this programme?
How do we fit into this programme? £m Cavendish Nuclear currently 120 operates in 3 main areas • Design and Engineering – largely for 90 decommissioning projects Major Projects • Services - covers both operations and Services decommissioning – likely to increase 60 as operations finish and move into
Slide 64: Sellafield – major contracts
Sellafield – major contracts CV Name Services £m £1.5bn Design Services The contract is structured across four capability (15 years) Alliance areas, including concept and detailed design; mechanical handling; process plant; control, electrical and instrumentation (CE&I); and civil, structural and ar
Slide 65: Sellafield's supply chain
Sellafield’s supply Chain £m Company Services • Cavendish Nuclear is by 1 100+ Cavendish Decommissioning far largest supplier to Nuclear 2 50-100 Sellafield >£100m Costain Construction 3 50-100 AXIOM Design Services Alliance • Top 5 suppliers - annual 4 50-100 Decommissioning Nuvia spend £50m-£100m
Slide 66: Cavendish Nuclear Support to EDF Energy Generation
Cavendish Nuclear Support to EDF Energy Generation An Overview Analyst and Investor visit Hinkley Point 2/3 October 2014 66
Slide 67: EDF Energy Generation – nuclear sites
EDF Energy Generation – nuclear sites • Nuclear by far largest component of generation business • 8 nuclear licenced sites in the UK (7 AGR stations and 1 PWR station • Cavendish Nuclear provides support across the fleet Analyst and Investor visit Hinkley Point 2/3 October 2014 67
Slide 68: How do we fit into this programme?
How do we fit into this programme? £M Cavendish Nuclear currently 60 operates in 2 main areas • Site Services is largely aimed at Instrument & Rad bringing the fuel route Original Services Equipment Manufacturer (OEM) Outage support support to bear to improve or support 30 generation at the sites Te
Slide 69: Strategic Partners – supply chain spend
Strategic Partners – supply chain spend £m Company Services 1 50-100 Doosan Power Boiler OEM, Engineering and Technology Services 2 40-60 Cavendish Fuel Route OEM, Engineering, Technical and Nuclear Operational support 3 30-50 AMEC Reactor systems OEM, Engineering and technical consultancy support 4
Slide 70: Summary
Summary • Cavendish Nuclear and Sellafield Ltd…reducing the UK’s nuclear waste legacy – the largest supplier of both major projects and services – delivering two major decommissioning projects – supporting all of the upfront decommissioning related design – annual spend >£100m • Cavendish Nuclear an
Slide 71: Analyst and Investor visit Hinkley Point 2/3 October 2014
Analyst and Investor visit Hinkley Point 2/3 October 2014 71
Slide 72: UK Electricity Market: An Overview
UK Electricity Market An Overview Analyst and Investor visit Hinkley Point 2/3 October 2014 72
Slide 73: UK electricity market…will the lights go out?
UK electricity market…..will the lights go out? UK electricity supply and demand prediction New nuclear helps Supply fill the gap GW Demand plus 20% margin of spare capacity 80 Oil Demand Nuclear (pre-Lehman predictions) 60 Coal 40 20 Gas Other 0 2008 2012 2016 2020 2024 2028 Source: E.ON UK Analyst
Slide 74: Political landscape: the shifting trilemma
Political landscape The shifting trilemma Security of Supply Cost of Energy Environmental Impact Analyst and Investor visit Hinkley Point 2/3 October 2014 74
Slide 75: Nuclear as part of the mix today
Nuclear as part of the mix today UK electricity generation by fuel (Q2 2013) Nuclear share of UK electricity generation 2014 Analyst and Investor visit Hinkley Point 2/3 October 2014 75
Slide 76: The future role of nuclear
The future role of nuclear 2014 Source: National Grid Analyst and Investor visit Hinkley Point 2/3 October 2014 76
Slide 77: Will new build happen in UK?
Will new build happen in UK? EDF projections Over the next 10 years, power plants providing 60% of today’s electricity in the UK are due to have come offline… …with Hinkley Point due to come online in 2020 Analyst and Investor visit Hinkley Point 2/3 October 2014 77
Slide 78: We think this case is compelling
We think this case is compelling Source: DECC estimates and http://www.government-world.com Analyst and Investor visit Hinkley Point 2/3 October 2014 78
Slide 79: Analyst and Investor visit Hinkley Point 2/3 October 2014
Analyst and Investor visit Hinkley Point 2/3 October 2014 79
Slide 80: UK Nuclear New Build: An Overview
UK Nuclear New Build An Overview Analyst and Investor visit Hinkley Point 2/3 October 2014 80
Slide 81: 1st unit timelines for the UK nuclear new build programmes
1st unit timelines for the 3 UK nuclear new build programmes European Pressurised Reactor (EPR) 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 FID BoNI Pipe (Q3) Fab (Q1) Hinkley 1st Nuclear BoNI On Target Hinkley Point C Concrete Site (Q3) COD Point C Construction FID (July) Wylfa
Slide 82: Hinkley Point C and Sizewell C European Pressurised Reactors
Hinkley Point C and Sizewell C European Pressurised Reactors (EPR) Analyst and Investor visit Hinkley Point 2/3 October 2014 82
Slide 83: Flamanville 3
Flamanville 3 Analyst and Investor visit Hinkley Point 2/3 October 2014 83
Slide 84: Cavendish Nuclear role at Hinkley Point C
Cavendish Nuclear role at Hinkley Point C • For Hinkley Point C we have focussed solely on the balance of nuclear island mechanical installation package • Joint venture partnership with Boccard, French company involved in delivering equivalent scope at Flamanville • Lead in Cavendish Boccard Nuclear
Slide 85: EDF's Hinkley Point C project
EDF’s Hinkley Point C project • Total project cost is £16bn, with ~£2bn spent to date • EDF acting as their own EPC/project integrator Scope of work Analyst and Investor visit Hinkley Point 2/3 October 2014 85
Slide 86: Wylfa Newydd and Oldbury Advanced Boiling Water Reactor
Wylfa Newydd and Oldbury Advanced Boiling Water Reactor (ABWR) Wylfa Newydd ABWR Artist’s impression Analyst and Investor visit Hinkley Point 2/3 October 2014 86
Slide 87: Hitachi's nuclear new build project
Hitachi’s nuclear new build project • Horizon purchased from RWE/E.ON for £700m in Dec 2012 • Hitachi, Horizon and Hitachi-GE Nuclear Energy (HGNE) are the 3 main players involved Analyst and Investor visit Hinkley Point 2/3 October 2014 87
Slide 88: Plan to deploy HGNE's ABWR at Wylfa and Oldbury
Plan is to deploy HGNE’s ABWR at Wylfa and Oldbury • Overall plan is to construct a minimum of 4 ABWRs – first 2 at Wylfa in Anglesey – then 2 at Oldbury in Gloucestershire both sites adjacent to our Magnox reactor sites and both have space to potentially accommodate a 3rd reactor • Horizon’s busine
Slide 89: Impressive construction track record in Japan
Impressive construction track record in Japan Reactor Construction Time (1st Nuclear HGNE Role Concrete to Fuel Load) Kashiwazaki Kariwa 40 months Steam Turbine and Unit 6 Generator Kashiwazaki Kariwa 43 months Reactor and NSS Unit 7 Haamaoka 45 months Steam Turbine and Unit 5 Generator Shika 46.7 m
Slide 90: ABWR construction methodology
ABWR construction methodology • Successful construction track record is underpinned by: – meticulous, detailed planning – some small scale modularisation of equipment – use of “Open Top” construction methods which requires close co-ordination between civil contractors and mech/elec/HVAC installation
Slide 91: Building the relationship
Building the relationship • Have spent last 2 years building relationships at all levels of both the Hitachi and HGNE organisations • Supportive approach, helping them understand the UK context and develop their project plans, has worked well • Successful support to date: Generic Design Assessment s
Slide 92: Potential Cavendish Nuclear role
Potential Cavendish Nuclear role • Overall aim is to secure a position as one of HGNE’s main “Tier 1 Deliver Partners”, through – partnership with US construction contractor – knowledge and experience of UK nuclear regulatory regime – strong relationships with key stakeholders: UK government, regula
Slide 93: Moorside – AP1000
Moorside – AP1000 • Factory built modules • Structural modules fabricated using “steel-concrete sandwich” • Fitted out in factory • Limited opportunity for Cavendish Nuclear Analyst and Investor visit Hinkley Point 2/3 October 2014 93
Slide 94: 1st unit timelines for the UK nuclear new build programmes
1st unit timelines for the 3 UK nuclear new build programmes European Pressurised Reactor (EPR) 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 FID BoNI Pipe (Q3) Fab (Q1) Hinkley 1st Nuclear BoNI On Target Hinkley Point C Concrete Site (Q3) COD Point C Construction FID (July) Wylfa
Slide 95: Analyst and Investor visit Hinkley Point 2/3 October 2014
Analyst and Investor visit Hinkley Point 2/3 October 2014 95
Slide 96: Future Opportunities
Future Opportunities Roger Hardy Analyst and Investor visit Hinkley Point 2/3 October 2014 96
Slide 97: Our business today is much broader
Our business today is much broader….. …and we aim to develop further in two ways Operations Concept Detail Decommiss- Assessment Manufacture Installation and Design Design ioning Maintenance Reactor and Magnox ABWR ABWR Nuclear ABWR Magnox and and EPR and EPR Island Dounreay Magnox Support UK UK UK
Slide 98: Chalk River
Chalk River Analyst and Investor visit Hinkley Point 2/3 October 2014 98
Slide 99: Japanese decommissioning
Japanese decommissioning Analyst and Investor visit Hinkley Point 2/3 October 2014 99
Slide 100: Our new build work with HGNE
Our new build work with HGNE Analyst and Investor visit Hinkley Point 2/3 October 2014 100
Slide 101: We have developed our business in a systematic way
We have developed our business in a systematic way New Build and 2014 International Expansion HPC 2012 - 2014 Magnox / ABWR Consolidation 2011 - 2013 RSRL win International Delivery of Expansion contracts / Nuclear reactor 2010 - 2012 Dounreay relationship operator Integration 2006 – 2010 win deve
Slide 102: Cavendish Nuclear: market leader
Cavendish Nuclear: market leader • Largest nuclear services company in the UK • Operate 13 out the UK’s 36 licensed sites • Approx 6,000 employees • Operate Wylfa Nuclear Power Station providing energy to 600,000 homes • Dounreay – most complex decommissioning contract in Europe • Helping build the
Slide 103: Analyst and Investor visit Hinkley Point 2/3 October 2014
Analyst and Investor visit Hinkley Point 2/3 October 2014 103
Babcock International Group — Investor Day (October 2014) on 6ix