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WorleyParsons update Andrew Wood, Chief Executive Officer 15th Annual Macquarie Conference, 2 May 2013
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WorleyParsons is a leading provider of professional services to the resources & energy sectors and complex process industries. Our services cover the full asset spectrum both in size and lifecycle – from the creation of new assets to services that sustain and enhance operating assets.
Our Values…. Performance Agility Relationships Leadership
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Our unwavering approach to safety
► Revised and updated our Vehicle and Safe Driving Standards, establishing a set of 9 Key Safe Behaviors as part of our Road Safety Initiative
► Implemented a structured site visit program for Board and Executive Committee members
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Local delivery, global support
40,400 people 165 offices 41 countries 1HFY13: 2.9 million workshare hours
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Strategy update F
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“Don’t compete with rivals – make them irrelevant”
Blue Ocean Strategy; W Chan Kim, R Mauborgne, 2005
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It is 2017 …….. ► We consistently deliver high quality engineering,
consulting, project and Improve services and as a result have become a world leader
► We have a recognized and valued position with our customers
► We are an admired employer ► We have a facilitating organizational structure As a consequence of these attributes, we have enjoyed growth, year-on-year for the last five years
5 year internal vision F
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Integrated Improve
Engineering services
Project delivery services
Current 3 year strategy Building on engineering to full delivery
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► Globalisation of Minerals, Metals & Chemicals and Infrastructure & Environment
► Improve
► Tier 1 companies deserve intense focus
► Participate in US renaissance
► China 5,000+
► India – high value engineering
► Execution led delivery
Overarching corporate initiatives F
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► Emerging trends and themes • Near term resource services markets impacted by project
delays/reviews
• Growth in Hydrocarbons expected to continue
• Game changing developments in unconventional oil and gas – LNG/CNG for transport, downstream gas projects
• Aging assets, new assets coming online and greater regulatory requirements driving increased demand for Improve services
• Strong growth in the chemicals sector is expected to continue
• Nuclear new build projects in developing nations
• Increased demand for scarce water resources
• Ports and marine terminals – increased activity and investment
Changing business environment F
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Changes in strategic process F
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► Continued commitment to our Vision
► We remain satisfied that our current markets offer adequate growth for us to reach our vision
► We believe our strategy is robust
► We are continuing our strategic journey by • Simplification and discipline • Winning the right work and executing it well • Continuing to engage closely with our customers • Looking to new markets for business opportunities
Our strategic journey F
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► Simplification and discipline • Australia West and Australia East and Pacific integrated into one
region
• Integration of the Power and Infrastructure & Environment Customer Sector Groups from 1 July 2013
• Consistent implementation of our systems and processes
► Winning the right work and doing it well
► Listening to our customers and gaining a deeper understanding of their value drivers
► Pursuing sector step outs with scale
► Using our breadth and depth of knowledge and innovation to provide higher level support and advice to our customers
Continuing our strategic journey F
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► Full field development in unconventional oil and gas
► East Africa development
► Arctic market leadership
► Early phase field development planning for offshore developments
Key focus areas – Hydrocarbons F
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► Chemicals rapid growth
► WorleyParsonsTWP transition (South Africa and Peru)
► Latin America development
► Integrated Improve offering
Key focus areas – Minerals, Metals & Chemicals
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► Enabling capability – creating an early ‘anchor point’
► Environment & society – compliance management
► Restoration
► Heavy haul rail – developing nations
► Total water management solutions
► Ports Improve
Key focus areas – Infrastructure & Environment
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► Resource power across all regions
► Nuclear new build and nuclear Improve
► Expand Fossil Improve, including Operation and Maintenance (O&M) services
► Power Select and Advisory offerings
Key focus areas – Power F
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Key awards
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► Saudi Electricity Company – EPCM services contract for two greenfield combined cycle gas turbine power plants, Saudi Arabia
► Total E&P Canada Limited – Expansion to the existing Joslyn North Mine Extraction Project, Canada
► Fort Hills Mine – Detailed Engineering services for the ore preparation plant and extraction and tailings area, Canada
► Shell Gas Iraq BV – Project Management for the rehabilitation of gas facilities and infrastructure for the Basarah Gas Company, Iraq
► BP – Framework agreements for the provision of recovery and restoration consulting services across BP’s operating business lines outside of North America
Key project awards F
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21
Key Improve awards
► Minera Escondida Limitada – project management and brownfield engineering services for the Escondida mine and associated processing facility, Chile
► BP core projects – capital project delivery alliance, Alaska
► BASF – North American Engineering partner for BASF’s capital program, US
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Our recent acquisitions
Rosenberg TWP
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► We remain committed to our Vision 2017
► Although near term resource services markets are challenging, we believe that in the medium term they offer adequate growth for us to achieve this vision
► We believe our strategy is robust and continue to make good progress against it
► Our size, diversity and knowledge base continues to provide opportunities for growth
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