3Q2013earningsCall11 7

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Third Quarter 2013

Earnings Conference CallNovember 7, 2013


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1

Safe Harbor Statement

Foster Wheeler AG presentations may contain forward-looking statements that are based on managementsassumptions, expectations and projections about the Company and the various industries within which the

Company operates. These include statements regarding the Companys expectations about revenues (including asexpressed by its backlog), its liquidity, the outcome of litigation and legal proceedings and recoveries fromcustomers for claims and the costs of current and future asbestos claims and the amount and timing of relatedinsurance recoveries. Such forward-looking statements by their nature involve a degree of risk and uncertainty. TheCompany cautions that a variety of factors, including but not limited to the factors described in the Companys mostrecent Annual Report on Form 10-K and Quarterly Report on Form 10-Q for the quarter ended March 31, 2013,which were filed with the U.S. Securities and Exchange Commission, and the following, could cause the Companysbusiness conditions and results to differ materially from what is contained in forward-looking statements: benefits,effects or results of the Companys redomestication to Switzerland; the benefits, effects or results of the Companysstrategic renewal initiative; further deterioration in global economic conditions; changes in investment by the oil and

gas, oil refining, chemical/petrochemical and power generation industries; changes in the financial condition of theCompanys customers; changes in regulatory environments; changes in project design or schedules; contractcancellations; changes in estimates made by the Company of costs to complete projects; changes in trade,monetary and fiscal policies worldwide; compliance with laws and regulations relating to its global operations;currency fluctuations; war, terrorist attacks and/or natural disasters affecting facilities either owned by the Companyor where equipment or services are or may be provided by the Company; interruptions to shipping lanes or othermethods of transit; outcomes of pending and future litigation, including litigation regarding the Companys liability fordamages and insurance coverage for asbestos exposure; protection and validity of the Companys patents andother intellectual property rights; increasing global competition; compliance with its debt covenants; recoverability ofclaims against the Companys customers and others by the Company and claims by third parties against theCompany; and changes in estimates used in its critical accounting policies. Other factors and assumptions not

identified above were also involved in the formation of these forward-looking statements and the failure of suchother assumptions to be realized, as well as other factors, may also cause actual results to differ materially fromthose projected. Most of these factors are difficult to predict accurately and are generally beyond the Companyscontrol. You should consider the areas of risk described above in connection with any forward-looking statementsthat may be made by the Company. The Company undertakes no obligation to publicly update any forward-lookingstatements, whether as a result of new information, future events or otherwise. You are advised, however, toconsult any additional disclosures the Company makes in proxy statements, quarterly reports on Form 10-Q, annualreports on Form 10-K and current reports on Form 8-K filed with or furnished to the Securities and ExchangeCommission.


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2

Q3 2013 Overview

Adjusted income from continuing operations was $50.9

mil lion, or $0.52 per diluted share* Results were higher than the average quarter of 2012 due

largely to strong performance by the Global Engineeringand Construction Group, which reported:

25% increase in EBITDA

$1.3 billion of scope new orders, a new quarterly record

$2.9 billion of scope backlog, also a new record

No share repurchases during the quarter but the companyretains its commitment to the repurchase program

*Adjusted to exclude net asbestos-related gains and provisions. All references to net income, EBITDA and earnings per share in this presentation refer to Income from continuing operations

attributable to Foster Wheeler AG, EBITDA from continuing operations and Diluted earnings per share from continuing operations attributable to Foster Wheeler AG, respectively.

See appendices for reconciliation of adjusted and reported net income to Net income attributable to Foster Wheeler AG and adjusted and reported earnings per share to Diluted

earnings per share attributable to Foster Wheeler AG as reported in our consolidated financial statements and a reconciliation of EBITDA to Net income attributable to Foster Wheeler AG.


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3

Millions

*Excludes discontinued operations. Adjusted to exclude net asbestos-related gains and provisions. See appendices for reconciliation of adjusted and reportednet income and earnings per share, reconciliation of EBITDA to net income, as well as a reconciliation of Foster Wheeler scope revenues to operating

revenues. Foster Wheeler scope excludes flow-through costs.

Adjusted Income

Q3 2013: Consolidated Financial Performance*

Adjusted income was $50.9mill ion, or $0.52 per diluted

share Adjusted income was more

than 13% above the averagequarter of 2012 as sharplyhigher EBITDA in the GlobalE&C Group more than offsetan EBITDA decline in the

Global Power Group

Q3 also included a net $5.4mill ion after-tax benefit frommark-to-market currencyfluctuations, which wereprimarily related to thereversal of mark-to-marketcurrency losses reported in Q12013

Scope revenues weremodestly below the averagequarter of 2012 due primarilyto a decrease in the Global

Power Group

$0

$10

$20

$30

$40

$50

$60

Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13

4334

61

41

19

55 51

$637 quarterly average for 2012

$0

$100

$200

$300

$400

$500

$600

$700

Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13

620685 598

646 624 642 625

Consolidated Scope Revenues

Millions

$45 quarterly average for 2012 $41 quarterly average for 2013



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Global E&C Group: Q3 2013 Performance

EBITDA was $59.9 mil lion on

scope revenues of $440.6 mil lion EBITDA was 25% above the

average quarter of 2012,reflecting improved utilization, anincrease in profit enhancementopportunities and contributionfrom recent acquisitions

Q3 2013 EBITDA also included$5.8 million pretax mark-to-market currency benefit,primarily related to the reversalof Q1 2013 losses

Scope revenues were 11% above

the average quarter of 2012 dueto an increased volume of work

EBITDA margin on scoperevenues was 13.6% for Q3 2013,compared with 12.1% for theaverage quarter of 2012

Millions

EBITDA

See appendices for reconciliation of EBITDA to net income and Foster Wheeler scope revenues to operatingrevenues. Foster Wheeler scope excludes flow-through costs.

$0

$10

$20

$30

$40

$50

$60

Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13

47 4052

53

35

6260


$0

$150

$300

$450

Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13

365

417380 424 425 443 441

Millions

Scope Revenues


4




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Global Power Group: Q3 2013 Performance*

EBITDA and scope revenues were$45.4 mill ion and $184.7 mill ion,respectively

EBITDA was below the averagequarter of 2012 due primarily to alower volume of boiler work, whichpartially of fset the favorable impact

of robust profit enhancementopportunities

Scope revenues were well belowthe average quarter of 2012, againreflecting the lower volume ofboiler work during the quarter

EBITDA margin on scope revenueswas 24.6%, compared with 21.3%for the average quarter of 2012; theQ3 2013 margin reflected theimpact of relatively low revenues

Millions

*Excludes discontinued operations. See appendices for reconciliation of EBITDA to net income and FosterWheeler scope revenues to operating revenues. Foster Wheeler scope excludes flow-through costs.

$0

$25

$50

$75

Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13

5242 64

46

25

46 45


$0

$100

$200

$300

Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13

255268

217 222199 199

185

Millions

Scope Revenues


5



EBITDA


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6

Cash Posit ion

*Includes total cash, cash-equivalents, restricted cash and short-term investments.

Millions

$0

$400

$800

Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13

687

802787

645520

464552

Sequential-quarter increase incash position, due in part to $48.6million of proceeds frompreviously announced sale of theCamden, NJ waste-to-energyfacility

No share repurchase activity inQ3 2013

The company remains committedto returning excess cash toshareholders over time and hasinvested $150 mill ion in sharerepurchases through the first ninemonths of 2013

$270 mill ion remaining underexisting share repurchaseauthor ization as of September 30,2013

Total Cash Position*


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7

Millions

$0

$500

$1,000

$1,500

Q1 2012 Q2 2012 Q3 2012 4Q 2012 Q1 2013 Q2 2013 Q3 2013

371 392

769866

336537

1,304


Foster Wheeler scope excludes flow-through costs.

Global E&C Group: Scope New Orders

Q3 2013: Record Level of New Orders;50% Above Previous Record of Q4 2012



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8

Global E&C Group: Key New Orders in Q3

Full release on EPC contract for Enterprise PDH project in the U.S.

Phased releases on EPCm contract for an international oilcompany for major revamp of a chemicals facili ty in Asia

EPCm contract for a chemical facility upgrade in Asia, awardedunder a framework agreement

PMC contract for a grass-roots refinery pro ject in Eurasia

Engineering and procurement services for a delayed cokingproject in South America

Design-supply contracts for fired heaters: a nine-unit deal for theKinef refinery in Russia; and a single-unit deal for another

Russian refinery client FEED and project management services for grassroots gas field

development project in Middle East

Engineering, procurement and field engineering services for aminerals processing facility in South America


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9

Global E&C Group Q3 2013 Scope Backlog at a Record Level

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013

1,397 1,304

1,707

2,1972,034

2,090

2,919

Millions

33% Above Previous Record of Q4 2012;61% Above Peak Backlog at Top of Previous Cycle 2006-2008;



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10

Global E&C Group: Market Environment

Our prospect list continues to be extremely robust

Opportunities continue to emerge across all business linesand geographies, particularly in North America whereprojects are being awarded, driven by gas monetization

Middle East opportunit ies are increasing, with Saudi Arabia

setting the pace as it considers significant new investmentsin petrochemical facilit ies and accelerates its push for gas,including exploiting unconventional resources

The competitive environment remains challenging --particularly in the number of bidders and in the pattern of

commercially aggressive bidding


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Global Power Group: Scope New Orders

Millions


$0

$100

$200

Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013

159

114

184

122

196

89

176


We Continue to See Slippage of Large Boiler Awards



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12

Global Power Group: Key New Orders in Q3

Design, supply and erection of a 50 megawatt CFB boiler island forthe Tychy Heat and Power Station in Poland (previously cited as aprospect on Q2 investor call)

Design contract for a CFB boiler designed to burn refuse-derived fuelfor the Daegu green energy project in South Korea (previously cited asa prospect on Q2 investor call)

Two limited notices to proceed with ful l notice to proceed expectedby year-end 2013:

Engineering and services contract for a steam plant in the U.S.

Design and supply contract for three package steam generators for a utilityapplication in Canada

Prospects remain active, including two cited on Q2 investor call:

Two 300-megawatt CFB units for client in Southeast Asia; limitednotice to proceed is in place; still awaiting full notice to proceed

Two 300-megawatt pulverized coal units for a client in Southeast Asia


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Global Power Group: Scope Backlog

Millions

$0

$400

$800

$1,200

Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013

1,130

937 908

754731

616584


Q3 2013 Reflected Slippage of Large Boiler Awards


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Global Power Group: Market Environment

Power generation markets remain weak, with recovery not

expected unti l GDP growth improves in our key regionalmarkets

Asia continues to offer the largest number of prospects forsolid fuel combust ion although project closings often facedelays

Middle East expected to offer opportunit ies for our CFBboiler technology in the mid to longer term

As previously stated, our 2014 prospect list is materiallylarger than our 2013 prospect list due in large part to our

market-leading CFB technology

However, we see cont inued uncertainty regarding the timingof awards


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2013 Guidance

No change in full-year 2013 earnings guidance: we expect

2013 adjusted diluted earnings per share from continuingoperations to be down sequentially in the fourth quarter butstill moderately above $1.54 for 2013

Modest increase in guidance for Global E&C Group EBITDAmargin on scope revenues: now expected to be in the range

of 11%-13% (as compared to 10%-12% previously);maintaining expectation for material increase in sequential-year scope revenues

No change in guidance for Global Power Group EBITDAmargin on scope revenues: expected to be in the range of17%-19% for full year 2013 on material decl ine in sequential-year scope revenues from continuing operations

Note: guidance is based on continuing operations. See appendices for reconciliation of adjusted and reported earnings per share.


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Appendices


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Appendices


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18

Appendix 1: 2012 Reconciliation of FW Scope Revenues toOperating Revenues

______________* To calculate the quarterly average dollar amounts, the company divided reported annual amounts by four.

NOTE: FW Scope revenues and operating revenues balances above represent balances from continuing operations.

Year Ended

(in thousands of dollars)

March 31,

2012

June 30,

2012

September 30,

2012

December 31,

2012

December 31,

2012

Global E&C Group:

FW Scope revenues 365,016$ 416,830$ 380,482$ 423,870$ 1,586,198$ 396,550$

Flow-through revenues 305,857 249,312 197,590 80,370 833,129

Operating revenues 670,873$ 666,142$ 578,072$ 504,240$ 2,419,327$

Global Power Group:

FW Scope revenues 254,460$ 268,432$ 217,004$ 222,351$ 962,247$ 240,562$


Operating revenues 256,717$ 270,320$ 219,224$ 225,806$ 972,067$

Consolidated:

FW Scope revenues 619,476$ 685,262$ 597,486$ 646,221$ 2,548,445$ 637,111$


Operating revenues 927,590$ 936,462$ 797,296$ 730,046$ 3,391,394$

Quarter Ended 2012

Quarterly

Average *


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______________* To calculate the quarterly average dollar amounts, the company divided reported nine-months amounts by three.

NOTE: FW Scope revenues and operating revenues balances above represent balances from continuing operations.

Appendix 2: 2013 Reconciliation of FW Scope Revenues toOperating Revenues

NineMonths Ended


March 31,

2013

June 30,

2013

September 30,

2013

September 30,

2013

Global E&C Group:

FW Scope revenues 424,754$ 443,488$ 440,633$ 1,308,875$ 436,292$

Flow-through revenues 163,220 219,231 174,395 556,846

Operating revenues 587,974$ 662,719$ 615,028$ 1,865,721$

Global Power Group:

FW Scope revenues 199,271$ 198,885$ 184,741$ 582,897$ 194,299$


Operating revenues 202,170$ 200,688$ 186,798$ 589,656$

Consolidated:

FW Scope revenues 624,025$ 642,373$ 625,374$ 1,891,772$ 630,591$


Operating revenues 790,144$ 863,407$ 801,826$ 2,455,377$

Quarter Ended YTD 2013

Quarterly

Average *


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Net Incom e

All references to net income in this presentation refer to Net income attributable to Foster Wheeler AG as reported in our consolidated financialstatements.

Adjusted Net Income and Adjusted Earnings per Share

The company believes that adjusted net income and adjusted earnings per share are important measures of performance because such adjusted figuresexclude the variable impact of periodic asbestos-related gains and provisions. The company believes that the line item on its consolidated statement ofoperations entitled "net income attributable to Foster Wheeler AG" and diluted earnings per share are the most directly comparable GAAP financialmeasures to adjusted net income and adjusted earnings per share.

Calculation o f EBITDA

EBITDA is a supplemental financial measure not defined in generally accepted accounting principles, or GAAP. The company defines EBITDA asincome attributable to Foster Wheeler AG before interest expense, income taxes and depreciation and amortization. The company has presentedEBITDA because it believes it is an important supplemental measure of operating performance. Certain covenants under the companys seniorunsecured credit agreement use EBITDA, as defined in such agreement, in the covenant calculations which is different than the EBITDA as presented

herein . The company believes that the line item on its consolidated statement of operations entitled "net income attributable to Foster Wheeler AG" isthe most directly comparable GAAP financial measure to EBITDA. Since EBITDA is not a measure of performance calculated in accordance withGAAP, it should not be considered in isolation of, or as a substitute for, net income attributable to Foster Wheeler AG as an indicator of operatingperformance or any other GAAP financial measure.

EBITDA, as calculated by the company, may not be comparable to similarly titled measures employed by other companies. In addition, this measuredoes not necessarily represent funds available for discretionary use, and is not necessarily a measure of the company's ability to fund its cash needs.As EBITDA excludes certain financial information that is included in net income attributable to Foster Wheeler AG, users of this financial informationshould consider the type of events and transactions that are excluded.

The company's non-GAAP performance measure, EBITDA, has certain material limitations as follows:

o It does not include interest expense. Because the company has borrowed money to finance some of its operations, interest is a necessary andongoing part of its costs and has assisted the company in generating revenue. Therefore, any measure that excludes interest expense has material

limitations;o It does not include taxes. Because the payment of taxes is a necessary and ongoing part of the company's operations, any measure that excludestaxes has material limitations; and

o It does not include depreciation and amortization. Because the company must utilize property, plant and equipment and intangible assets in orderto generate revenues in its operations, depreciation and amortization are necessary and ongoing costs of its operations. Therefore, any measure thatexcludes depreciation and amortization has material limitations.

Calculation o f EBITDA Margin

Segment EBITDA margin is calculated by dividing business unit operating revenues in Foster Wheeler Scope into business unit EBITDA.

Appendix 3: Definitions


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Appendix 4: 2012 EBITDA to Net Income Reconciliation

_______________

*C&F Group includes general corporate income and expense, the companys captive insurance operation and the elimination of transactions and balances related to intercompany interest.

NOTE: EBITDA balances above represent balances from continuing operations.


Global E&C Group 46,928$ 39,917$ 51,964$ 53,399$ 192,208$

Global Power Group 51,941 42,198 64,396 46,223 204,758

Total operati ng EBITDA (1) 98,869 82,115 116,360 99,622 396,966

C&F Group * (27,278) (23,592) (25,528) (45,055) (121,453)

EBITDA from continuing operations (1) 71,591 58,523 90,832 54,567 275,513

Less: Interest expense 3,416 4,249 3,197 2,935 13,797

Less: Depreciation & amortization 11,801 11,562 12,178 14,693 50,234

Less: Provision for income taxes 14,884 12,291 16,790 18,302 62,267

Income from continuing operations 41,490 30,421 58,667 18,637 149,215

(Loss)/income from discontinued operations (2) (844) 438 (445) (12,342) (13,193)

Net income 40,646$ 30,859$ 58,222$ 6,295$ 136,022$

(1)The EBITDA includes the following:

Net increase/(decrease) in contract profit from regular

revaluation of final estimated contract profit revisions:

Global E&C Group 3,800$ (2,800)$ 7,000$ (1,600)$ 7,700$

Global Power Group 10,300 11,000 15,700 14,900 58,300

Total increase in contract profit 14,100$ 8,200$ 22,700$ 13,300$ 66,000$

Net asbestos-related provisions:

Global E&C Group -$ 1,700$ -$ 700$ 2,400$

C&F Group 2,000 2,000 2,000 22,100 28,100

Total net asbestos-related provision 2,000$ 3,700$ 2,000$ 22,800$ 30,500$

Charges for severance-related postemployment benefits:

Global E&C Group 800$ 2,300$

Global Power Group 900 3,700

C&F Group 300 200

Total severance 2,000$ 6,200$(2)Included an impairment charge related to Camden, New Jersey

waste-to-energy facility. 11,500$ 11,500$

March 31,

2012

December 31,

2012

June 30,

2012

Quarter Ended Year Ended

December 31,

2012

September 30,

2012


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Appendix 5: 2013 EBITDA to Net Income Reconciliation

_______________

*C&F Group includes general corporate income and expense, the companys captive insurance operation and the elimination of transactions and balances related to intercompany interest.

Note: EBITDA balances above represent balances from continuing operations.


March 31,

2013

June 30,

2013

September 30,

2013

September 30,

2013

Global E&C Group 35,188$ 62,133$ 59,940$ 157,261$

Global Power Group 24,687 45,584 45,428 115,699

Total operating EBITDA (1) 59,875 107,717 105,368 272,960

C&F Group * (19,797) (8,712) (21,301) (49,810)

EBITDA from co ntinuing operations (1) 40,078 99,005 84,067 223,150

Less: Interest expense 2,672 3,916 3,388 9,976

Less: Depreciation & amortization 15,342 13,454 14,032 42,828

Less: Provision for income taxes 5,160 13,319 17,794 36,273

Income from continuing operations 16,904 68,316 48,853 134,073

(Loss)/income from discontinued operations (2) (3,878) 2,383 1,760 265

Net income 13,026$ 70,699$ 50,613$ 134,338$

(1)The EBITDA includes the following:

Net increase in contract profit from regular revaluation of final

estimated contract profit revisions:

Global E&C Group 10,500$ 5,400$ 13,800$ 38,200$

Global Power Group 8,500 11,100 16,400 36,600

Total increase in contract profit 19,000$ 16,500$ 30,200$ 74,800$

Net asbestos-related provision/(gain) in C&F Group 2,000$ (13,800)$ 2,000$ (9,800)$

Charges for severance-related postemployment benefits:

Global E&C Group 1,200$ 1,700$ 1,000$ 3,900$

Global Power Group 400 700 3,000 4,100

C&F Group 400 - - 400

Total severance 2,000$ 2,400$ 4,000$ 8,400$

(2)Included an impairment charge related to Camden, New Jersey

waste-to-energy facility. 3,900$ -$ -$ 3,900$

Quarter Ended Nine Months Ended


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Appendix 6: Net Income and Diluted EPS Reconciliation

(in thousands of dollars, except EPS amounts)

2012Q1 Q2 Q3 Q4 FY 2012

Quarterly

Averages

Amounts a ttr ib uta bl e to Fo ster Wheele r AG:

Income from continuing operations 41,490$ 30,421$ 58,667$ 18,637$ 149,215$ 37,304$

(Loss)/income from discontinued operations (844) 438 (445) (12,342) (13,193)

Net income 40,646$ 30,859$ 58,222$ 6,295$ 136,022$

Diluted earnings per share

attributable to Foster Wheeler AG:

Income from continuing operations 0.38$ 0.29$ 0.55$ 0.18$ 1.39$ 0.35$

(Loss)/income from discontinued operations - - (0.01) (0.12) (0.12)

Net income 0.38$ 0.29$ 0.54$ 0.06$ 1.27$

2013 Q1 Q2 Q3 YTD 2013

Amounts a ttr ib uta bl e to Fo ster Wheele r AG:

Income from continuing operations 16,904$ 68,316$ 48,853 134,073$ 44,691$

(Loss)/income from discontinued operations (3,878) 2,383 1,760 265

Net income 13,026$ 70,699$ 50,613$ 134,338$

Diluted earnings per share

attributable to Foster Wheeler AG:

Income from continuing operations 0.16$ 0.68$ 0.50$ 1.32$ 0.44$

(Loss)/income from discontinued operations (0.04) 0.03 0.01 -

Net income 0.12$ 0.71$ 0.51$ 1.32$


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Appendix 7: 2012 EBITDA, Net Incomeand Diluted EPS Reconciliation

______________* To calculate the quarterly average dollar amounts, the company divided reported annual figures by four.

(in thousands of dollars, except EPS

amounts)

EBITDA

Net

Income

Diluted

EPS EBITDA

Net

Income

Diluted

EPS EBITDA

Net

Income

Diluted

EPS

As ad ju sted 73,588$ 43,487$ 0.40$ 62,236$ 33,697$ 0.32$ 92,832$ 60,667$ 0.57$

Adj ustm ents:

Net asbestos-related provision (1,997) (1,997) (0.02) (3,713) (3,276) (0.03) (2,000) (2,000) (0.02)

As reporte d f rom conti nuin g o perations 71,591$ 41,490$ 0.38$ 58,523$ 30,421$ 0.29$ 90,832$ 58,667$ 0.55$

As reporte d f rom di scontinued operati ons (844) - 438 - (445) (0.01)

As reporte d 40,646$ 0.38$ 30,859$ 0.29$ 58,222$ 0.54$

(in thousands of dollars, except EPS

amounts)

EBITDA

Net

Income

Diluted

EPS EBITDA

Net

Income

Diluted

EPS EBITDA

Net

Income

Diluted

EPS

As ad ju sted 77,362$ 41,286$ 0.39$ 306,018$ 179,137$ 1.66$ 76,505$ 44,784$ 0.42$

Adj ustm ents:

Net asbestos-related provision (22,795) (22,649) (0.21) (30,505) (29,922) (0.27) (7,627) (7,480) (0.07)

As reporte d f rom conti nuin g o perations 54,567$ 18,637$ 0.18$ 275,513$ 149,215$ 1.39$ 68,878$ 37,304$ 0.35$

As reporte d f rom di scontinued operati ons (12,342) (0.12) (13,193) (0.12) (3,298) (0.03)

As reporte d 6,295$ 0.06$ 136,022$ 1.27$ 34,006$ 0.32$

Quarter Ended

Septem ber 30, 2012

Quarter Ended

March 31, 2012

Year Ended

December 31, 2012

Quarterly Average

for the Twelve Months Ended

December 31, 2012 *

Quarter Ended

June 30, 2012

Quarter Ended

December 31, 2012


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Appendix 8: 2013 EBITDA, Net Incomeand Diluted EPS Reconciliation

_______________* To calculate the quarterly average dollar amounts, the company divided reported nine-months figures by three.

(in thousands of doll ars, except EPS

amounts)

EBITDA

Net

Income

Diluted

EPS EBITDA

Net

Income

Diluted

EPS EBITDA

Net

Income

Diluted

EPS

As adju sted 42,078$ 18,904$ 0.14$ 85,255$ 54,566$ 0.54$ 86,067$ 50,853$ 0.52$

Adj ustments:

Net asbestos-related (provision)/gain (2,000) (2,000) (0.02) 13,750 13,750 0.14 (2,000) (2,000) (0.02)

As reported f rom con tinuin g operations 40,078$ 16,904$ 0.16$ 99,005$ 68,316$ 0.68$ 84,067$ 48,853$ 0.50$

As reported f rom discontinue d o perat ions (3,878) (0.04) 2,383 0.03 1,760 0.01

As reported 13,026$ 0.12$ 70,699$ 0.71$ 50,613$ 0.51$

(in thousands of doll ars, except EPS

amounts)

EBITDA

Net

Income

Diluted

EPS EBITDA

Net

Income

Diluted

EPS

As adju sted 213,400$ 124,323$ 1.23$ 71,133$ 41,441$ 0.41$

Adj ustments:

Net asbestos-related gain 9,750 9,750 0.09 3,250 3,250 0.03

As reported f rom con tinuin g operations 223,150$ 134,073$ 1.32$ 74,383$ 44,691$ 0.44$

As reported f rom discontinue d o perat ions 265 - 88 -

As reported 134,338$ 1.32$ 44,779$ 0.44$

Quarter Ended

June 30, 2013

Quarter Ended

March 31, 2013

Quarter Ended

September 30, 2013

Nine Months Ended

September 30, 2013

Quarterly Average

for the Nine Month s Ended

September 30, 2013 *


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Appendix 9: Quarterly Averages Global E&C Group

_______________

(1) To calculate the 2012 quarterly average dollar amounts, the company divided reported annual amounts by four.

(2) To calculate the 2013 quarterly average dollar amounts, the company divided reported nine-months amounts by three.

(3) Mark-to-market losses on currency transactions.


New Orders

in FW Scope

OperatingRevenues

in FW Scope EBITDA

EBITDA

Margin

Impact of Foreign

ExchangeTransaction

Losses/(Gains) (3)

EBITDA ExcludingForeign Exchange

Transaction Losses

Adj ustedEBITDA

Margin

Q1 2012 371,000$ 365,016$ 46,928$ 12.9% -$ 46,928$ 12.9%

Q2 2012 391,500 416,830 39,917 9.6% - 39,917 9.6%

Q3 2012 768,600 380,482 51,964 13.7% - 51,964 13.7%

Q4 2012 866,500 423,870 53,399 12.6% - 53,399 12.6%

FY 2012 2,397,600 1,586,198 192,208 12.1% - 192,208 12.1%

2012 Quarterly Average (1) 599,400$ 396,550$ 48,052$ 12.1% -$ 48,052$ 12.1%

Q1 2013 335,500$ 424,754$ 35,188$ 8.3% 10,505$ 45,693$ 10.8%

Q2 2013 537,000 443,488 62,133 14.0% (2,335) 59,798 13.5%

Q3 2013 1,303,800 440,633 59,940 13.6% (5,825) 54,115 12.3%

YTD September 2013 2,176,300 1,308,875 157,261 12.0% 2,345 159,606 12.2%

2013 Quarterlly Average (2) 725,433$ 436,292$ 52,420$ 12.0% 782$ 53,202$ 12.2%


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Appendix 10: Quarterly Averages Global Power Group

_______________

(1) To calculate the 2012 quarterly average dollar amounts, the company divided reported annual amounts by four.

(2) To calculate the 2013 quarterly average dollar amounts, the company divided reported nine-months amounts by three.

(3) Operating revenues and EBITDA balances above represent balances from continuing operations.

(4) New order booked balances above include balances for discontinued operations for quarters prior to Q3 2013, which wereinsignificant on our consolidated and business group balances.


New Orders

in FW Scope (4)

Operating

Revenues

in FW Scope (3) EBITDA (3)

EBITDA

Margin

Q1 2012 159,400$ 254,460$ 51,941$ 20.4%

Q2 2012 114,300 268,432 42,198 15.7%

Q3 2012 183,800 217,004 64,396 29.7%

Q4 2012 121,500 222,351 46,223 20.8%

FY 2012 579,000 962,247 204,758 21.3%

2012 Quarterly Average (1) 144,750$ 240,562$ 51,190$ 21.3%

Q1 2013 196,100$ 199,271$ 24,687$ 12.4%

Q2 2013 88,600 198,885 45,584 22.9%

Q3 2013 175,500 184,741 45,428 24.6%

YTD September 2013 460,200 582,897 115,699 19.8%

2013 Quarterlly Average (2) 153,400$ 194,299$ 38,566$ 19.8%


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Appendix 11: Global E&C Group Scope BacklogProfile: Q3 2013

82%

18%

Contract Type

Reimb ur sab le Fi xed -p ri ce

35%

24%

16%

15%

9% 1%

Project Location

N. America Middle East

Asi a Pacif ic S. Amer ica

Europe Africa/Other

46%

42%

9% 3%

Industry

Oil Refining Chem/Petrochem

Oil and gas Other

FW Scope excludes flow-through costs.


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Appendix 12: Global Power Group Scope BacklogProfile: Q3 2013

93%

4% 3%

Contract Type

Fixed-price Design & Supply

Reimbursable

LSTK

57%22%

16%5%

Project Location

Asi a Pacif ic Euro pe

N. America Other

94%

6%

Industry

Power Generation

Operation & Maintenance

FW Scope excludes flow-through costs.


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Appendix 13: 2012 EBITDA, Net Income* andDiluted Earnings Per Share Reconciliation

Diluted

Earnings

(in thousands of dollars , except EPS Amounts) EBITDA Net Income* Per Share

As ad justed from con tinu ing operati ons 306,018$ 179,137$ 1.66$

Discontinued Operations excludi ng bel ow Q4 2012 impai rment charg e (1) 3,104 (1,738) (0.01)

Previously disclosed excluding asbestos provision and impairment charge 309,122$ 177,399$ 1.65$

Q4 2012 Imparim ent charge related to discontinued oper ations (1)(2) - (11,455) (0.11)

Previously disclosed as adjusted (excludes asbestos) 309,122$ 165,944$ 1.54$

Adj ustments:

Net asbestos-related provision (30,505) (29,922) (0.27)

As reporte d i n Form 10-K 278,617$ 136,022$ 1.27$____________________

*Net income from continuing operations attributable to Foster Wheeler AG.

(1)Reconciliation for Loss from discontinued operations and diluted earnings per share:

Loss from Diluted

Discontinued Earnings

Operations Per Share

Discontinued Operations excluding below Q4 2012 impairment charge (1,738)$ (0.01)$

Q4 2012 Impariment charge related to discontinued operations (11,455) (0.11)

Loss from discontinued operations and diluted earnings per share (13,193)$ (0.12)$

(2)The non-cash impairment charge of $11,455, or $0.11 per share, impacted net income and earnings per share -- but not EBITDA -- because

it w as booked as an increase in depreciation and amortization.

Twel ve Months Ended December 31, 2012


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Appendix 14: Foreign Currency Translation Impacts

_________________*The currency i mpacts no ted above are calculated by retrans lating the 2013 amoun ts at the weighted average 2012exchange rates for scope revenues and EBITDA and the year-end 2012 exchange rates for scope backlo g.

Foster Wheel er AG

Comparison of Third Quarter 2013 to the Quarterly Average of 2012Amounts i n Mil li ons

E&C GPG CFG Total

(9.0)$ 3.1$ -$ (5.9)$

(1.2)$ 0.8$ 0.2$ (0.2)$

E&C GPG Total

(51.4)$ 5.1$ (46.3)$

Compar ison of September 30, 2013 to December 31, 2012

Amounts i n Mil li ons

Foreign Currency Impact on Scope Revenues

Foreign Currency Translation Impact on EBITDA

Foreign Currency Impact on Scope Backlog

Documents

3Q2013earningsCall11 7