An introduction to Amec Foster Wheeler. November 2014

Transcription

1 An introduction to Amec Foster Wheeler November 2014

2 Introduction Ticker: AMFW Listed on LSE and NYSE Created in November 2014 through 5bn combination of AMEC with Foster Wheeler Market cap: 4.2bn / $6.7bn Ave liquidity: > 30m/$50m p.d. 2

3 A new force in global engineering and project delivery Engineering and project management Highly skilled workforce of 40,000 Global reach Add a coloured transparent segment and caption if required. Asset light and cash generative business model Diversified across markets, services and lifecycle of customers assets 3

4 2013 pro forma financials Scope revenue 9% 8% 56% 27% Order book: 6.3bn Scope Revenues: 5.5bn Trading profit: 521m Oil & Gas Clean Energy Mining E&I Scope revenue - excludes the incremental procurement of AMEC and pass-through procurement of Foster Wheeler. Pro forma 2013 scope revenue has been prepared under IFRS and AMEC s accounting policies Order book - AMEC and Foster Wheeler (scope only, converted into Sterling) as reported order books, added together 4

5 Expected combination benefits Significant cost savings At least $75m pa Tax savings Significant revenue synergies Enhanced customer base Increased opportunities in attractive markets US downstream Middle East Enhanced project delivery and business development Double digit earnings accretive in first 12 months 5

6 Our leadership team 6

7 Our organisational structure 2013 pro forma scope revenue 8% 20% 48% 24% Americas Northern Europe & CIS Africa, Middle East, Asia & Southern Europe Global Power Group Scope revenue as defined on p4 7

8 Our markets: oil and gas Leading engineer and project manager across the oil and gas value chain World class track record of delivery Diverse customer base Manage resources across sectors 8

9 Mid & downstream Upstream Our markets: oil and gas AMEC FW AMFW Serves the whole value chain Offshore top side facilities Onshore facilities engineering Main. Mods & Ops Oil sands Gas processing, LNG, GTL * Refineries Petrochemicals More exposure to faster growing sectors Opportunities for cross-sell Main. Mods & Ops * Project management consultancy Environmental consulting Key: Strong Position Limited Position No material position Enhanced project delivery and business development * Growth aspiration 9

10 Our markets: clean energy Engineering, design, project delivery and asset support Strong positions in Nuclear, Renewables and Transmission Global leader in design and supply of combustion and steam generation equipment 10

11 Our markets: mining Consulting, design, project management Expertise across broad spectrum of commodities: including iron ore, copper, potash and gold Leader in projects with significant logistical challenges: remote location 11

12 Our markets: environment and infrastructure Leader in consulting, engineering and project management Top 10 environmental firm 17,000 projects Network of ~230 offices and ~7,400 employees Currently focused in N America and UK 12

13 Contacts 44 (0) Rupert Green, Head of IR Claire Stetsenko, IR associate 13

14 Important Information: This presentation contains statements which constitute forward-looking statements. Forward-looking statements include any statements related to AMEC Foster Wheeler s ability to achieve estimated synergies and other benefits in relation to the acquisition and are generally identified by words such as believe, expect, anticipate, intend, estimate, will, may, continue, should and other similar expressions. Forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of AMEC Foster Wheeler, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking statements. AMEC Foster Wheeler does not undertake to update any of the forward-looking statements after this date to conform such statements to actual results, to reflect the occurrence of anticipated results or otherwise. This presentation includes pro-forma numbers which have not been audited and are therefore subject to change.