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Page 1: Pareto oil & offshore conference Jan Arve Haugan ... · Industry drive to reduce time to first oil Source: , ,Tekninsk Ukeblad Strong focus on execution time, quality and capacity

© Kvaerner 2012

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12.09.2012

Pareto Oil & Offshore conference

Jan Arve Haugan, President & CEO Holmenkollen Park Hotel, 12 September 2012

Topside weight:

21 000 tonnes

Height:

257.4 metres

Width:

185.5 metres

Jacket weight:

14 500 tonnes

Page 2: Pareto oil & offshore conference Jan Arve Haugan ... · Industry drive to reduce time to first oil Source: , ,Tekninsk Ukeblad Strong focus on execution time, quality and capacity

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12.09.2012

This is Kvaerner

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NORTH SEA

Topsides

Floaters

Onshore upstream

facilities

Leading EPC

contractor to the

North Sea market

UPSTREAM

INTERNATIONAL

Topsides

Floaters

Onshore upstream

facilities

Spearhead for

international

expansion

CONCRETE

Concrete

substructures

Global leader in

gravity based

concrete structures

JACKETS

Large steel

jackets for oil &

gas installations

European leader in

steel jackets

DOWNSTREAM &

INDUSTRIALS

E&C AMERICAS

Power plants

Steel mills

A leading EPC

contractor for the

American market

3 200 employees in 9 countries

Revenues of NOK 13.3 billion in 2011

Order backlog of NOK 23 billion at 30 June 2012

Page 3: Pareto oil & offshore conference Jan Arve Haugan ... · Industry drive to reduce time to first oil Source: , ,Tekninsk Ukeblad Strong focus on execution time, quality and capacity

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Strive for zero harm to people, the environment and property

Require every employee to take personal responsibility for HSE

All incidents can be prevented

HSE – licence to operate and an effective way to work

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0,0

1,0

2,0

3,0

4,0

Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun

LTIF TRIF

Lost time incident frequency (LTIF) and Total recorded incident frequency (TRIF)

Per million work hours and 12 months rolling averages

3.0

0.5

Page 4: Pareto oil & offshore conference Jan Arve Haugan ... · Industry drive to reduce time to first oil Source: , ,Tekninsk Ukeblad Strong focus on execution time, quality and capacity

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Strong market in all target regions

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North Sea

High number of

prospects

New contract awards

expected next 6-12

months

Arctic Russia

Strong future market

in Kara Sea and

Sakhalin

Kara Sea exploration

drilling expected

from 2014

Caspian

Strong future market,

uncertain timing

Development of

delivery model

Asia Pacific

Browse FID

expected 1H 2013

Multiple

opportunities within

next 24 months

Delivery model

established

North America

Gas fired power

plant market

Healthy US steel

market

Contract awards

somewhat delayed

Atlantic Canada

Operators increasing

Arctic activities

Long term

opportunities

STRATEGIC AND SELECTIVE APPROACH REQUIRED

Page 5: Pareto oil & offshore conference Jan Arve Haugan ... · Industry drive to reduce time to first oil Source: , ,Tekninsk Ukeblad Strong focus on execution time, quality and capacity

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Source: Rystad Energy, Kvaerner analysis

Prosperous market view upon establishing Kvaerner

last spring

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Global offshore E&P spend for EPC by year

USD million

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Market view, spring 2011

Page 6: Pareto oil & offshore conference Jan Arve Haugan ... · Industry drive to reduce time to first oil Source: , ,Tekninsk Ukeblad Strong focus on execution time, quality and capacity

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Source: Rystad Energy, Kvaerner analysis

Several discoveries the last year, particularly on NCS

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0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Market view August 2012

Market view, spring 2011

Global offshore E&P spend for EPC by year

USD million

Kvaerner’s target regions

and North Sea represents

~45% of the global offshore

EPC market until 2020

Page 7: Pareto oil & offshore conference Jan Arve Haugan ... · Industry drive to reduce time to first oil Source: , ,Tekninsk Ukeblad Strong focus on execution time, quality and capacity

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Future NCS topside demand of 37’ tonnes per year

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0

10000

20000

30000

40000

50000

60000

1980 1985 1990 1995 2000 2005 2010 2015 2020

Kvaerner Other Future

Topside tonnes delivered historically and forecasted demand Metric tonnes

Future NCS topside

demand ~37’

tonnes per year

High share

concrete

developments

Future peak NCS

topside demand ~45’

tonnes per year

Source: Rystad Energy team research and analysis, Kvaerner data

High

onshore

activity

Page 8: Pareto oil & offshore conference Jan Arve Haugan ... · Industry drive to reduce time to first oil Source: , ,Tekninsk Ukeblad Strong focus on execution time, quality and capacity

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Industry drive to reduce time to first oil

8

Source: www.upstreamonline.com, www.offshore.no,Tekninsk Ukeblad

Strong focus on execution time, quality and capacity

Page 9: Pareto oil & offshore conference Jan Arve Haugan ... · Industry drive to reduce time to first oil Source: , ,Tekninsk Ukeblad Strong focus on execution time, quality and capacity

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Focus on meeting client expectations

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Project management

Engineering capacity

Global procurement

Optimising project execution

Investments in own facilities and

leveraging partnerships

Page 10: Pareto oil & offshore conference Jan Arve Haugan ... · Industry drive to reduce time to first oil Source: , ,Tekninsk Ukeblad Strong focus on execution time, quality and capacity

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Expanding our delivery model

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Topsides, Stord: New crane

20 000 tonnes of integrated topsides

annually

Jackets, Verdal: Dock filled and yard upgrades

35-40 000 tonnes of steel jackets

annually

Global fabrication, China: Cooperation with COOEC

Demonstration module successfully

completed

Joint tendering

Page 11: Pareto oil & offshore conference Jan Arve Haugan ... · Industry drive to reduce time to first oil Source: , ,Tekninsk Ukeblad Strong focus on execution time, quality and capacity

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Track record

Topsides, floaters & onshore facilities

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Page 12: Pareto oil & offshore conference Jan Arve Haugan ... · Industry drive to reduce time to first oil Source: , ,Tekninsk Ukeblad Strong focus on execution time, quality and capacity

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Track record

Jackets

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Page 13: Pareto oil & offshore conference Jan Arve Haugan ... · Industry drive to reduce time to first oil Source: , ,Tekninsk Ukeblad Strong focus on execution time, quality and capacity

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Track record

Concrete solutions

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Page 14: Pareto oil & offshore conference Jan Arve Haugan ... · Industry drive to reduce time to first oil Source: , ,Tekninsk Ukeblad Strong focus on execution time, quality and capacity

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On time delivery

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Execution

Execution

Execution

Page 15: Pareto oil & offshore conference Jan Arve Haugan ... · Industry drive to reduce time to first oil Source: , ,Tekninsk Ukeblad Strong focus on execution time, quality and capacity

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Q&A

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Page 16: Pareto oil & offshore conference Jan Arve Haugan ... · Industry drive to reduce time to first oil Source: , ,Tekninsk Ukeblad Strong focus on execution time, quality and capacity

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Copyright

Copyright of all published material including photographs, drawings and images in this document remains vested in Kvaerner and third party contributors as appropriate.

Accordingly, neither the whole nor any part of this document shall be reproduced in any form nor used in any manner without express prior permission and applicable

acknowledgements. No trademark, copyright or other notice shall be altered or removed from any reproduction.

Disclaimer

This Presentation includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to

differ. These statements and this Presentation are based on current expectations, estimates and projections about global economic conditions, the economic conditions of the

regions and industries that are major markets for Kværner ASA and Kværner ASA’s (including subsidiaries and affiliates) lines of business. These expectations, estimates and

projections are generally identifiable by statements containing words such as “expects”, “believes”, “estimates” or similar expressions. Important factors that could cause actual

results to differ materially from those expectations include, among others, economic and market conditions in the geographic areas and industries that are or will be major markets

for Kvaerner’s businesses, oil prices, market acceptance of new products and services, changes in governmental regulations, interest rates, fluctuations in currency exchange

rates and such other factors as may be discussed from time to time in the Presentation. Although Kværner ASA believes that its expectations and the Presentation are based

upon reasonable assumptions, it can give no assurance that those expectations will be achieved or that the actual results will be as set out in the Presentation. Kværner ASA is

making no representation or warranty, expressed or implied, as to the accuracy, reliability or completeness of the Presentation, and neither Kværner ASA nor any of its directors,

officers or employees will have any liability to you or any other persons resulting from your use.

Copyright and disclaimer

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