KBR Government Solutions In Focus · Throughout his career, Pete has served in a broad array of...

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KBR Government Solutions In Focus D I G I T A L B R O C H U R E Tuesday, June 16, 2020

Transcript of KBR Government Solutions In Focus · Throughout his career, Pete has served in a broad array of...

Page 1: KBR Government Solutions In Focus · Throughout his career, Pete has served in a broad array of roles including chief pilot, systems engineer and program manager. For more than 15

KBR Government Solutions In Focus

D I G I T A L B R O C H U R E

Tuesday, June 16, 2020

Page 2: KBR Government Solutions In Focus · Throughout his career, Pete has served in a broad array of roles including chief pilot, systems engineer and program manager. For more than 15

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VIRTUAL INVESTOR EVENT AGENDA

Welcome

Alison Vasquez, Vice President, Investor Relations

Key Takeaways

Stuart Bradie, President and Chief Executive Officer

Video

A Day in the Life of KBR Government Solutions

Platform for Growth

Byron Bright, President, Government Solutions U.S.

A Fireside Chat with KBR’s GS Leadership Team

• Vernon McDonald, SVP, Government Solutions – Strategic Solutions

• Pete Green, SVP, Government Solutions – Engineering

• Rob Hawketts, VP, Government Solutions APAC

• Andrew Barrie, President, Government Solutions EMEA

• Ella Studer, SVP, Government Solutions – Logistics

• Todd May, SVP, Government Solutions – Space & Mission Solutions

Attractive Investment Opportunity

Mark Sopp, Executive Vice President and Chief Financial Officer

Question & Answer Session

Closing

Stuart Bradie

KBR Government Solutions — helping government customers

achieve mission success through high-impact solutions.

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Event Speakers

Stuart BradiePresident and Chief Executive Officer

Mark SoppExecutive Vice President and Chief Financial Officer

Stuart Bradie assumed the role of President and CEO at KBR Inc. in 2014. Drawing from 30 years of industry experience, he leads KBR from its global

headquarters in Houston, Texas.

Under Stuart’s leadership, KBR has executed a deliberate and strategic plan to transform into a global provider of differentiated solutions, professional services and technologies. Over the past six years, consistent strategic and commercial discipline, investment in and integration of highly strategic mergers and acquisitions, development of disruptive proprietary technologies, and deliberate portfolio diversification — particularly in high-end government and technology solutions — have resulted in predictable, sustainable growth and increasing profit and cash streams. Stuart established and drives KBR’s Zero Harm culture, which focuses on employee safety and social and environmental sustainability.

Before joining KBR, Stuart led global operations in more than 40 countries as Group Managing Director – Operations and Delivery for WorleyParsons Ltd. Prior to that, he held Managing Director and Country Manager roles with PT Kvaerner Indonesia and Kvaerner Philippines.

Stuart has a Bachelor of Science in mechanical engineering from Aberdeen University and a Master of Business Administration from the Edinburgh Business School, Heriot Watt University.

Joining KBR in 2017, Mark Sopp serves as KBR’s Executive Vice President and Chief

Financial Officer. Throughout his tenure, Mark has been instrumental in driving the

company’s capital deployment strategy, optimizing its capital structure, transforming

systems and driving efficiency in business processes, and focusing the organization around

a Cash Is King culture. Mark also serves as the Executive Sponsor for IMPACT, KBR’s employee

group focused around career and professional development.

Mark brings many years of leadership experience to KBR. He served as Chief Financial Officer

and Executive Vice President for Leidos Holdings, Inc. and Science Applications International

Corporation, served as Board Member and Audit Committee Chair of KeyW Corporation, and

held various executive positions with Titan Corporation.

Mark earned a Bachelor of Science in accounting from New Mexico State University and

completed the executive program at UCLA’s Anderson School of Management.

Alison VasquezVice President, Investor Relations

Alison Vasquez brings more than 20 years of experience to KBR and leads

investor relations and financial planning and analysis. Alison joined

KBR in 2016 with responsibility for transforming the corporate audit

organization before assuming her current role in 2018.

Prior to joining KBR, Alison led the audit groups of Noble Corp plc and Energy Transfer and began

her career in public accounting with Arthur Andersen and PwC. Alison is a graduate of the

University of Texas at Austin and is passionate about the community in which she lives.

Alison currently serves on the Board of Trustees of The Regis School of the Sacred Heart, and has

previously served as an adjunct professor at the Jones Graduate School of Business at

Rice University and as a member of the Audit Committee and Advisory Board of

Big Brothers Big Sisters of Greater Houston.

Byron BrightPresident, Government Solutions U.S.

Byron Bright, President of KBR’s U.S. Government Solutions business, joined KBR in

2010. During his tenure, Byron has served in multiple senior leadership roles and led

the successful integration of KBR’s U.S. Government Solutions business, delivering top-

tier organic growth and recompete win rates. A champion of KBR’s culture of inclusion and

diversity, Byron serves as executive sponsor of ASPIRE, KBR’s employee-driven group that supports the

development and promotion of diverse professionals.

Prior to joining KBR, Byron served as an officer in the U.S. Air Force primarily working in the area of

developmental test and engineering. Following his distinguished military service, Byron gained

significant industry experience working with various aerospace and defense contractors.

Byron is a distinguished graduate from the U.S. Air Force Academy, holds a master’s degree in

mechanical engineering from the Georgia Institute of Technology, and is a graduate of the U.S. Air

Force Test Pilot School. He has flown in more than 25 different aircraft as a flight test engineer.

Byron serves on the Board of Directors of the Professional Services Council and

was named one of Washington Technology’s Top 100 in 2020.

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Vernon McDonaldSVP, Government Solutions – Strategic Solutions

Pete GreenSVP, Government Solutions – Engineering

Vernon McDonald, Ph.D., is Senior Vice President of Strategic Solutions for

KBR’s Government Solutions business. Throughout his career, Vernon has led

multidisciplinary teams for the strategic, systematic and purposeful integration of

science, technology and operations at all phases of the project life cycle. These teams have

delivered robust solutions in support of NASA, the European and Canadian Space Agencies,

U.S. Air Force, U.S. Army, U.S. Navy, United States Special Operations Command, National

Oceanic and Atmospheric Administration, U.S. Geological Survey, Defense Threat Reduction

Agency, National Institutes of Health and the National Science Foundation.

Vernon received his Ph.D. from the University of Illinois at Urbana-Champaign and his

Master of Business Administration from The University of Texas at Austin. He draws upon

his expertise in strategy formulation and execution to help organizations better utilize their

existing resources in new ways and in combination with new capabilities through strategic

partnerships with academic, commercial and federal institutions. Vernon has extensive

technical expertise and management experience in the fields of human health and

performance and space exploration.

Pete Green leads KBR’s Government Solutions Engineering business, providing full

spectrum engineering and technical solutions across the life cycle of U.S. Department

of Defense military systems on land, at sea, in the air and in space. Pete leads a

3,400-member team providing cutting-edge expertise in military aviation modernization,

missile defense and cybersecurity.

Drawing upon 35 years of experience with KBR and its heritage companies, Pete has senior

leadership expertise across general operations, strategic planning and business development.

Throughout his career, Pete has served in a broad array of roles including chief pilot, systems

engineer and program manager. For more than 15 years, he served as a contract test pilot

supporting the Naval Air Warfare Center Aircraft Division.

Pete is a graduate of the United States Naval Academy and holds a Bachelor of Science in

physics. He also earned a Master of Science from the University of Southern California in systems

management and holds an executive management certification from the Darden School of

Business at the University of Virginia. He serves on the board of directors of the National Defense

Industrial Association.

Event Speakers

Rob HawkettsVP, Government Solutions APAC

Andrew BarriePresident, Government Solutions EMEA

Rob Hawketts is Vice President of KBR Government Solutions

in the Asia-Pacific region.

With over 25 years of experience spanning a broad range of senior and executive

leadership appointments across the defense sector and the project and engineering

services industry, Rob has extensive expertise in strategic planning, business development,

leadership and general management. He has led and delivered significant growth across

numerous consulting, engineering and maintenance services businesses involved in a wide range

of defence projects, from management and engineering consulting to large-scale

equipment procurement and sustainment programs.

Rob served as an officer in the Australian Army for 15 years and enjoyed a range of command,

training and staff appointments in Australia, the U.K. and Germany. Rob is a graduate of the

Australian Army Officer Training School, the Royal Military College of Science (U.K.), the University of

New England, the Australian Graduate School of Management (University of NSW) and the AICD,

and he holds a BSc and Military petroleum engineering qualification.

Andrew Barrie leads KBR’s Government Solutions business in Europe, the Middle

East and Africa, which provides solutions to large-scale, complex and novel

customer challenges — sometimes in remote and austere locations. This diverse

business unit has an enviable backlog and generates healthy margins.

For the past 18 years, Andrew’s focus has been the defense sector and he has been integral

to KBR’s growth and diversification in the sector in recent years. Among other leadership roles,

Andrew was part of the team negotiating and successfully concluding the award of the Aspire

Defence PFI contract, at the time the largest U.K. Infrastructure PFI contract in history. He also

played a key sponsor role in the award of the Affinity MFTS Fixed Wing Aircraft PFI. His early career

was in the energy, infrastructure and renewables sectors.

Andrew has a bachelor’s degree in business studies from Kingston University London,

a Diploma in Company Direction from the Institute of Directors, and is a graduate

of the Royal College of Defence Studies.

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Event Speakers

Ella StuderSVP, Government Solutions – Logistics

Ella Studer leads KBR’s Logistics business that boasts annual revenues greater than

$1 billion. This portfolio includes base support, infrastructure and engineering services,

maintenance of prepositioned stocks with equipment and materiel on land and afloat,

as well as contingency response operations.

Before joining KBR, Ella retired from the Defense Logistics Agency (DLA) after 26 years of service, where

she was the senior executive leading DLA Enterprise Support and managing critical infrastructure with

a $1 billion annual budget.

Ella is also a proud veteran and served as an aerospace ground equipment technician in the U.S.

Air Force and the Ohio Air National Guard. She received her Master of Science in national resource

strategy from the Industrial College of the Armed Forces, National Defense University, and a Bachelor

of Science in business management from Malone College.

Ella is passionate about supporting local communities and she serves as the First Vice Chair of the

Board of Trustees of the American University of Afghanistan.

Todd MaySVP, Government Solutions – Space & Mission Solutions

Todd May leads KBR’s Government Solutions Space & Mission Solutions business.

Culminating a 28-year career, Todd retired from NASA as the director of the Marshall

Space Flight Center. In this role, he led one of NASA’s largest field installations, with

approximately 6,000 civil service and contractor employees, an annual budget of more than

$3 billion, and a broad spectrum of human spaceflight, science and technology development missions.

Throughout his distinguished career at NASA, Todd held numerous program management and leadership

positions, including program manager of the Space Launch System, deputy associate administrator in the

Science Mission Directorate at NASA headquarters, program manager of the Discovery and New Frontiers

robotic exploration programs, and program manager of the Lunar Precursor Robotics Program.

A native of Fairhope, Alabama, Todd holds a bachelor’s degree in materials engineering from Auburn

University. His accolades include NASA’s Exceptional Achievement Medal, Outstanding Leadership Medal,

Distinguished Service Medal and the Presidential Rank Award of Meritorious Executive. Todd also serves on

the board of directors of the American Astronautical Society and the boards of Arts Huntsville and

the Huntsville Chamber of Commerce.

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High-Impact Differentiators

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Global Franchise

Mission Focused Diverse Contract Vehicles

Predictable, Sustained Growth

Industry Leaders

Diverse revenue base highlighted by global franchise positions with marquee customers

• KBR boasts an international business portfolio with $7.4B in backlog

through 2040.

• KBR is NASA’s trusted partner for human space exploration. As one of

NASA’s largest operations support contractors, we are critical to all

aspects of NASA’s missions across 10 of its centers, with multiple contract

vehicles in place through 2025.

• KBR is one of the Army and Air Force’s most trusted contingency

contractors, and our customers call us first when missions are time-

sensitive and critical to national priorities. We have marquee positions on

numerous contingency contracts.

Deep domain expertise in mission critical technical disciplines that creates a highly defensible market position

• KBR’s capabilities are aligned with the enduring needs of its customers

throughout all phases of program and asset life cycle.

• KBR’s services address key budget priorities and critical programs that

enjoy bipartisan support.

• KBR’s services are focused on extending the life of a platform and,

therefore, create a long tail of sustaining revenue.

Broad range of contracts and significant suite of IDIQ task order vehicles gives us agility to respond to customers

• KBR boasts difficult-to-replicate contract know-how and specialized business

development expertise.

• KBR's proven ability to drive growth via IDIQ “muscle groups” has enabled us

to outperform our public peers (e.g., over $500 million of new tasking on IDIQ

contracts in 2019).

Solid book of business provides stability to pursue large strategic opportunities

• KBR’s major contract recapture provides solid foundation supporting growth

(>95% recompete win rate from 2018 to today), with low recompetes on the

horizon in 2020 and 2021.

• KBR’s ingrained culture of driving growth by identifying synergies across its

broad portfolio is enabled by solution architects that span the enterprise.

• KBR has a healthy $69B pursuit pipeline of identified opportunities to be

awarded before 2024.

Experienced management team supported by highly skilled employee base

• KBR’s talented management team comprises thought leaders with an average

of more than 25 years in the industry.

• KBR has more than 4,000 professionals with security clearances, including

more than 80% in our engineering business.

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OPERATIONAL SUPPORT■■ Human Spaceflight and

Satellite Ops■■ Integrated Supply Chain &

Logistics ■■ Technical Training Services■■ Military Aviation Support

■■ Equipment Maintenance

INFORMATION OPERATIONS■■ Data Analytics■■ Offensive and Defensive Cyber■■ Mission Planning Systems■■ AI and Machine Learning

PROGRAM MANAGEMENT■■ Portfolio Management■■ Advisory Services■■ Analysis of Alternatives

ENGINEERING SERVICES■■ Systems and Platform Integration■■ Test and Evaluation■■ Sustainment Engineering

■■ Aerospace Acquisition Support

SCIENTIFIC RESEARCH■■ Health and Human Performance■■ Life Science Research■■ Earth Sciences■■ Robotic Space Systems

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The Logistics Business Unit (LBU) delivers technical, professional solutions across multiple customers within the Department of Defense and commercial entities throughout the life cycle of critical facilities and equipment with diverse and recurring funding streams 24 hours a day, 365 days a year. LBU provides these critical services while delivering operational excellence and prioritizing safety. LBU has set precedence for contractors on the battlefield and, for more than 25 years, has provided advanced logistics and training exercise support to Eastern Europe. Known for excelling in complex and extreme environments, LBU is a trusted partner supporting our clients’ missions in meeting some of the world’s most pressing challenges.

Business DescriptionKBR Government Solutions ensures mission success for customers globally with capabilities supporting defense, space, aviation, and other government programs and missions. KBR Government Solutions creates value and drives innovation by combining engineering, technical and scientific expertise with its full life cycle capabilities, mission knowledge and future-focused technologies from research and development, test and evaluation, and systems engineering to program management, operations, maintenance and field logistics. Known for excelling in complex and extreme environments, KBR Government Solutions is trusted to help our clients meet their most pressing challenges today and into the future.

Core CapabilitiesCore Capabilities

COMPETITIVE DIFFERENTIATORS COMPETITIVE DIFFERENTIATORS

■■ Deep domain expertise in technical disciplines creating highly defensible market positions

■■ Solid base of contracts provides stability to pursue future growth opportunities

■■ Global franchise positions with marquee customers

■■ Experienced management team and highly skilled employee base

■■ Top-tier organic revenue growth with significant cash flow generation

■■ Blue chip supply chain and advanced logistics capabilities

■■ Ability to mobilize and respond within 24 hours to our customers’ combat and disaster recovery needs

■■ Preeminent provider of theater opening services in contingency operations

■■ Expert navigation of foreign legal requirements while meeting U.S. government needs

■■ More than 20 years as a leading provider of expeditionary support services

2019 Revenue Profile 2019 Revenue Profile

KBR GOVERNMENT SOLUTIONS

LogisticsGovernment Solutions

Business Description

MAJOR CUSTOMERS

U.S. Army 29 %

U.S. Navy 12 %Other

U.S. DoD 6%

U.K. MoD16 %

NASA andFed Civ.23 %

Other International 6 %

U.S.Air Force8%

LINES OF BUSINESS

SustainingLogistics 19 %

Space & Mission Solutions 22%

International22 %

Engineering21 %

Contingency Logistics 16%

CONTRACT TYPE

Cost Reimbursable 61%

Performance-Based 39% 2

1 As of March 31, 2020; 2 Performance-based includes T&M, Fixed Price, PFI and Cost Plus Award Fee based contracts

MAJOR CUSTOMERS

Navy 14%

MarineCorps6%

Air Force12%

Other 6%

Army 62%

CONTRACT TYPE

Cost Reimb.82%

Performance-Based18%

PRIME/SUB MIX

Prime Contractor

97%

Sub Contractor 3%

1 As of March 31, 2020

PREPOSITIONINGLargest provider of prepositioned stocks to the Department of Defense with materiel on land and afloat around the globe for the U.S. Army and U.S. Marine Corps.

SUSTAINMENTLong-term sustainment operations in Europe and Africa, expanded into NORTHCOM and INDOPACOM.

CONTINGENCYSupporting the Department of Defense, Department of

State and coalition forces in contingency environments .

KEY FACTORS

$1,335M2019 REVENUE

$2B1

BACKLOG AND OPTIONS

>95% 2020 WUC

145GLOBAL LOCATIONS

12,000EMPLOYEES ANDSUBCONTRACTORS

145

$3.9B2019 REVENUE

$13.5B1

BACKLOG AND OPTIONS

>90% 2020 WUC

200+GLOBAL LOCATIONS

18,000EMPLOYEES

KEY FACTORS

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COMPETITIVE DIFFERENTIATORS COMPETITIVE DIFFERENTIATORS

2019 Revenue Profile 2019 Revenue Profile

Business Description

1 As of March 31, 2020 1 As of March 31, 2020

KBR GOVERNMENT SOLUTIONSKBR GOVERNMENT SOLUTIONS

Core Capabilities

CYBERSECURITYDelivering cybersecurity support for Defense Health Agency facilities globally. Full life cycle cyber capabilities include assessments, certification and verification, information assurance, and developing and deploying state-of-the-art proprietary tools.

MISSILE DEFENSEOver 40 years of continuous critical air and missile

defense support to include 24/7 network support for the Patriot Program, which protects the interests of the United States and its allies.

MILITARY AVIATIONDomain expertise spanning more than 40 years in

support of more than 35 Navy, Army and Air Force programs including the F-35, the Army Utility Helicopter program, and various unmanned aerial systems. Highlights include delivering full life cycle support to the Navy F/A-18 program and providing program office support to every U.S. Army aircraft and system.

The Engineering Business Unit (EBU) provides full spectrum engineering and technical solutions across the life cycle of DoD military systems on land, at sea, in the air and in space. Areas of expertise include acquisition, systems engineering and integration, AI/big data applications, cyber, R&D, test and evaluation, C4ISR and sustainment engineering. The outstanding people within EBU are scientists, engineers, aircrew and technical experts. In EBU, 40% are veterans or reservists and 80% hold security clearances.

■■ Defense Technical Information Center IAC MAC contract award and top-tier recipient of tasking among the 15 IAC primes

■■ The largest independent flight test organization in the world

■■ Structured systems engineering methodology recognized by INCOSE

■■ Quality focused with ISO9001:2015, AS9100D and CMMI Level 3 certifications

Core Capabilities

HEALTH & HUMAN PERFORMANCEProviding long-term baseline of biomedical and

aerospace health and human studies, effects and performance information to include lifetime monitoring of all astronaut crew members and in support of U.S. Special Forces.

HUMAN AND ROBOTIC SPACE SYSTEMSWorld leader in human spaceflight and renowned

expertise in human and robotic space system design, development, test, launch, and operations.

SATELLITE, GROUND SYSTEMS AND SPACE COMMUNICATIONSSupporting network operations and all phases of

the satellite mission life cycle to help enable mission success on groundbreaking projects, such as the James Webb Space Telescope and the Lunar Reconnaissance Orbiter.

■■ Experts in health and human performance research and monitoring for NASA astronauts and U.S. Special Forces

■■ Pure-play service provider with non-conflicted and trusted customer intimacy

■■ Deep expertise in emerging technologies such as intelligent systems, quantum computing and autonomous transport systems

■■ Hyper-scale modeling of land change, including machine learning algorithms to automatically classify land use

Business DescriptionThe Space & Mission Solutions (SMS) business unit has worked with every U.S. astronaut since 1968, providing solutions for astronaut training and health, mission and satellite operations, human spaceflight ground control, extravehicular activity support, and more. SMS also monitors seismic activity, biological, chemical and nuclear threats, and provides key ground systems support and mission operations for U.S. Department of Defense and civilian customers.

Engineering Space & Mission Solutions

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MAJOR CUSTOMERS

NASA 78%

DoD7%

USGS 5%

DOT 5%

NOAA 2%Other 3%

PRIME/SUB MIX

Prime Contractor

86%

Sub Contractor 14%

CONTRACT TYPE

Performance-Based40%

Cost Reimb.60%

CONTRACT TYPE

Cost Reimb.73%

Performance-Based27%

MAJOR CUSTOMERS

Navy35%

Other15%

Army32%

Air Force18%

PRIME/SUB MIX

Prime Contractor

86%

Sub Contractor 14%

KEY FACTORS

$782M2019 REVENUE

$1.6B1

BACKLOG AND OPTIONS

90% 2020 WUC

34GLOBAL LOCATIONS

3,400EMPLOYEES

34

KEY FACTORS

$863M2019 REVENUE

$2.5B1

BACKLOG AND OPTIONS

>98% 2020 WUC

29GLOBAL LOCATIONS

3,600EMPLOYEES

29

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COMPETITIVE DIFFERENTIATORS

1 As of March 31, 2020

MAJOR CUSTOMERS CONTRACT TYPE PRIME/SUB MIX

KBR GOVERNMENT SOLUTIONS

■■ Asset management and applied integrated logistic support techniques (proprietary tools)

■■ Solving workforce challenges through modelling, simulation and training technologies that accelerate military workforce job competency and expertise

■■ Agile processes used to develop and integrate software and hardware systems

■■ Nationally accredited registered training organization (RTO)

Core Capabilities

NAVAL SHIPBUILDING COLLEGEPartnering with shipbuilders, education and training

providers to identify and grow Australia’s naval shipbuilding workforce .

TECHNICAL TRAINING SUPPORT SERVICES Development and delivery of accredited technical/

trade training to the Royal Australian Navy technical workforce .

MAJOR GOVERNMENT & MILITARY SERVICE PROVIDERDesigning and tailoring mission planning systems

and IT integration solutions for Australian Defence Force operational environments, as well as project management, engineering and technical support to the Australian Department of Defence maritime, air, land and joint domains.

Business DescriptionAn international business delivering program and technical solutions to government, military and defense organizations across the full program life cycle of defense equipment, systems and capabilities. APAC manages complex acquisition and sustainment programs, military technical training and classified mission planning systems.

Asia-Pacific Region (APAC)

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Defense Joint/Aero 21%

Navy Training4% Other

28%

Defense Maritime

26%

DefenseLand 21%

Sub Contractor 1%

Prime Contractor 99%

Cost Reimb.18%

Performance-Based82%

2019 Revenue Profile

COMPETITIVE DIFFERENTIATORS

Business Description

1 As of March 31, 2020

KBR GOVERNMENT SOLUTIONS

■■ Technology and equipment agnostic, able to integrate the right solution for our clients

■■ Unparalleled experience in operating in remote, complex and challenging locations

■■ Proven collaborative behavioral approach with agile resourcing model

■■ Demonstrated experience integrating delivery of large scale U.K. Government projects and initiatives with program financing

ADVISORY SERVICESTrusted advisors principally acting as a delivery partner

to provide transformational change and utilizing technology to improve performance and reduce cost.

CONTINGENCY AND INTEGRATED LOGISTIC SUPPORT Supporting military and civilian personnel in operational

environments with complete life sustainment services, as well as designing, integrating and supporting key deployable operational infrastructure for the armed forces.

P3MProviding Portfolio, Program and Project Management

(P3M) services as part of turnkey solutions or as discrete services to customers to deliver complex or large-scale, integrated solutions for infrastructure or services.

Core Capabilities

Operating primarily in the United Kingdom (U.K.) and the Middle East, EMEA provides technology-enabled solutions across the defense, nuclear, space and critical national infrastructure spectrum. As a key partner to the U.K. Government supporting strategic, long-term programs, such as army basing and operation, nuclear decommissioning, military flight training and overseas contingency support, EMEA acts as a delivery partner integrating technologies and designing systems into solutions to meet client needs, from crime scene forensics to alternative energy and fuels.

Europe, Middle East and Africa (EMEA)

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MAJOR CUSTOMERS

Defense88%

Other6%

CNI6%

PRIME/SUB MIX

Prime Contractor 100%

CONTRACT TYPE

Cost Reimb.18%

Performance-Based 82%

2019 Revenue Profile

KEY FACTORS

$780M2019 REVENUE

$7.3B1

BACKLOG90%

2020 WUC

10GLOBAL LOCATIONS

2,100EMPLOYEES

10

KEY FACTORS

$93M2019 REVENUE

$105B1

BACKLOG76%

2020 WUC

25GLOBAL LOCATIONS

650EMPLOYEES

25

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KBR is a global provider of differentiated professional services and technologies across the asset and program life cycle within the government and energy sectors. KBR employs approximately 36,000 people worldwide, including our joint ventures, with customers in more than 80 countries and operations in 40 countries across three synergistic global businesses:

• GOVERNMENT SOLUTIONS: Our Government Solutions business segment serves government customers worldwide and includes capabilities that cover the full life cycle of defense, space, aviation and other government programs and missions, from research and development, through systems engineering, test and evaluation, and program management, to operations, maintenance and field logistics.

• TECHNOLOGY SOLUTIONS: KBR has delivered innovative and reliable process technologies and led the way in the development of advanced digital and proprietary tools and floating systems solutions. Our innovations feature proprietary technology, equipment, catalysts, digital solutions and related technical services for the monetization of hydrocarbons, including refining, petrochemicals, inorganics, ammonia and specialty chemicals.

• ENERGY SOLUTIONS: We provide full life cycle support and expertise across the upstream, midstream and downstream hydrocarbons markets. Our comprehensive delivery capabilities include high-impact, differentiated EPC, consulting, program management and maintenance services for onshore and offshore oil and gas, liquified natural gas (LNG) and gas to liquids (GTL), oil refining, petrochemicals, fertilizers, ammonia, specialty chemicals and inorganics.

For additional information, please contact:Alison Vasquez, Vice President, Investor [email protected]+1 713-753-6741

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