Ratos Ab Class A · OMXSTO:RATO_A
Ratos Ab Class A — Aibel — Investor Day (March 2013)
9 slides from Ratos Ab Class A's investor day presentation, Mar 14, 2013
Slide 1: Aibel
Aibel Henrik Joelsson 14 March 2013 1
Slide 2: Aibel Acquisition
Aibel Acquisition Enterprise value approx. 8.6 BNOK Ratos equity contribution approx. 1.4 BNOK Co-investment with Ferd Capital and Sixth AP Fund - Ratos 32%, Sixth AP Fund 18% - Ratos represents Sixth AP Fund and controls 50% - Ferd 50% Competition clearance remaining Closing expected in A
Slide 3: Aibel’s Business Units
Aibel’s Business Units MMO Modification Field development Wind ■ Long term onshore ■ Modifications to ■ New offshore ■ New offshore facilities, and offshore MMO existing offshore installations and AC/DC platforms contracts installations and onshore plants onshore plants ■ International ■ Maintenance
Slide 4: Sales and Profit Development 2009-2012
Sales and Profit Development 2009-2012 Sales MNOK EBITDA MNOK 12 000 1 000 875 900 10 000 801 757 800 697 700 8 000 600 6 000 500 10 442 400 4 000 8 176 6 789 300 6 617 200 2 000 100 0 0 2009 2010 2011 2012 Sales EBITDA 4
Slide 5: The Norwegian Continental Shelf (NCS) – Aibel Addressable Market
The Norwegian Continental Shelf (NCS) – Aibel Addressable Market 2011A – 2016E CAGR: 12.3% 5
Slide 6: Ratos’s Investment Case
Ratos’s Investment Case Strong market fundamentals - Increasing spending on NCS - Better market outlook than ever - Increasing spend on MMO and Modifications Market leading position on the NCS - Unique integrated and international business model - Strong order book and customer relationships - H
Slide 7: Priorities Going Forward
Priorities Going Forward Joint business planning process Continued focus on NCS Many different organic and acquisitive growth options, need to prioritize Secure sufficient resources to realize significant growth potential Offshore Wind attractive growth opportunity with different customers
Slide 8: Questions?
Questions? 8
Slide 9: RATS
RATS