Aker Solutions Asa · OSL:AKSO
Aker Solutions Asa — Aker Kvaerner — Investor Day (November 2007)
7 slides from Aker Solutions Asa's investor day presentation, Nov 30, 2007
Slide 1: Financial excellence – Profitable Growth to continue
Financial excellence – Profitable Growth to continue Bjørn Erik Næss, EVP & CFO Capital Markets Day 30 November 2007 part of the Aker group Aker Kvaerner continues to perform – Shareholder value increased 21% L12M Share value (indexed, IPO=100) Share price L12M change change 800 2004-05 2006 2007 (s
Slide 2: NOK 42.5 billion total shareholder value creation since IPO
NOK 42.5 billion total shareholder value creation since IPO Value creation since IPO 42.5B NOK 50B 46.6B -2.5B -0.6B 40 30 20 10 7.2B 0 IPO Value Dividend Share Current value growth buy-back value¹ Note: Based on share price 23 Nov 07; ¹Excluding treasury shares part of the Aker group Slide 3 © 2007
Slide 3: Strong profitable growth – EBITDA up 31% and EPS up 48%
Strong profitable growth – EBITDA up 31% and EPS up 48% Operating revenues EBITDA EPS (12-month rolling) (12-month rolling) (YTD) +24% +31% +48% NOK 4,000M NOK 60B 58.4B NOK 8 3,632M NOK 6.60 47.2B 6 2,765M 40 NOK 4.47 2,000 4 20 2 0 0 0 Q405-Q306 Q406-Q307 Q405-Q306 Q406-Q307 2006 2007 (YTD) (YTD)
Slide 4: All business areas increase EBITDA
Strong operating cash flow since 2004 mainly used for refinancing and dividend/share buy-back Cash situation (NOK M) 979 12,500M 8,539 -925 10,000 7,500 -4,169 -892 5,000 -912 2,899 2,500 2,218 -3,162 -139 0 Cash EBITDA WC Net Loan Financing Tax Dividend/ Other Cash Q3 change Capex repay- (interest
Slide 5: Strong operating cash flow since 2004 mainly used for refinancing and dividend/share buy-back
Building for the future – Stable high quality order backlog Order backlog (NOK million) 70000 60000 50000 Field Development 40000 MMO Subsea 30000 Products & Technologies Process & Construction 20000 10000 0 3Q 06 4Q 06 1Q 07 2Q 07 3Q 07 part of the Aker group Slide 9 © 2007 Aker Kvaerner NOK 1 bill
Slide 6: Building for the future – NOK 1 billion improvement programme
Three key elements of Improvement Programme Supply management Risk to profit Process Improvement ■ Commodity-based ■ Increase focus on Aker ■ Key processes to be organisation across Kvaerner project improved: business areas execution model principles (PEM) in ● “Hours to pay” tender activities ● Ven
Slide 7: Aker Kvaerner target to deliver an EBITDA margin in the range of 9-11% by 2010
Aker Kvaerner target to deliver an EBITDA margin in the range of 9-11% by 2010 EBITDA margin Key assumptions 9-11% 10% ■ Continued strong markets driving profitable growth 8 ■ Subsea and P&T to 6.5-7.0% deliver double-digit 6 5.7% margins 4.9% ■ FD, MMO and P&C to deliver high single-digit 4 margins