© 2018 Aker Solutions

Shaping the future

Stavanger, May 24, 2018

Luis Araujo, CEO, Aker Solutions

© 2018 Aker Solutions

A global provider of products, systems

and services to the oil and gas industry

Setting the Scene

© 2018 Aker Solutions

Life-of-Field Integrator

From subsea to surface and concept to

decommissioning, our technical expertise and

strong partnerships provide energy companies

what they need to succeed

May 24, 2018 PETRO Finans 2018 - Sparebank 1 SR-Bank Slide 3

Subsea Production Systems

Field Planning, Feasibility and Concept Studies

Carbon Capture, Utilization and Storage

Subsea Pumps, Compression and Processing

Asset Integrity Management

Maintenance, Modifications and Operations

Fixed and Floating Production Systems

Lifecycle Services

Decommissioning

Hook-Up and Completion

© 2018 Aker Solutions

Recent Key Orders – A Strong Start to 2018

Slide 4

Order to deliver modules for Johan

Castberg FPSO in Barents Sea

May 24, 2018 PETRO Finans 2018 - Sparebank 1 SR-Bank

Partnering with Kvaerner to deliver

modifications of Johan Sverdrup

riser platform and field center

38 study awards in Q1 –

for projects in Norway, the UK,

Africa and Australia

Subsea production system orders

for Equinor at Troll Phase 3 and

Askeladd natural-gas developments

Maintenance and modifications

services for Petrobras-operated oil

and gas fields offshore Brazil

Subsea production system and

services for Wintershall at

the Nova field offshore Norway

Photo: Petrobras

© 2018 Aker Solutions

Key Figures | 1Q 2018

Slide 5

Revenue EBITDA Order Intake

5.5 425 8.6 37.6 NOK

BILLION

Order Backlog

NOK

BILLION

NOK

BILLION

NOK

MILLION

0

2

4

6

8

10

12

14

1Q 17 2Q 17 3Q 17 4Q 17 1Q 180

5

10

15

20

25

30

35

40

1Q 17 2Q 17 3Q 17 4Q 17 1Q 180

1

2

3

4

5

6

7

1Q 17 2Q 17 3Q 17 4Q 17 1Q 18

Excl. special items

0

50

100

150

200

250

300

350

400

450

500

1Q 17 2Q 17 3Q 17 4Q 17 1Q 18

PETRO Finans 2018 - Sparebank 1 SR-Bank May 24, 2018

© 2018 Aker Solutions Slide 6

Stable Underlying Margins Through the Downturn

Aker Solutions

*Excluding special items

0%

1%

2%

3%

4%

5%

6%

7%

8%

9%

10%

7

4

3

2

1

10

9

8

0

6

5

6.4

7.5%

Revenue

NOK billion Margin

4Q 2017 1Q 2018

5.5

7.1%

3Q 2017

5.4

8.0

8.1%

1Q 2015

8.5

7.9%

4Q 2014

9.2

9.6%

2Q 2016

7.0

8.5%

1Q 2016

6.5

8.0%

4Q 2015

7.9

8.9%

3Q 2015

7.5

8.5%

2Q 2015

7.8%

2Q 2017

5.4

7.4%

1Q 2017

5.2

7.0%

4Q 2016

6.1

8.8%

3Q 2016

6.0

7.9%

Revenue EBITDA*

PETRO Finans 2018 - Sparebank 1 SR-Bank May 24, 2018

© 2018 Aker Solutions

Minimizing Costs,

Maximizing Value

© 2018 Aker Solutions

Johan Castberg

Integrated insight, maximum value

© 2018 Aker Solutions

Collaboration is key –

Connecting Industry

Leaders

MAN Diesel & Turbo COMPRESSION

ABB POWER AND AUTOMATION

SBM Offshore FPSO

Saipem SURF

Alcatel FIBER OPTIC

SOLUTIONS

NOV

SEPARATION

© 2018 Aker Solutions

Driving Technology Development

Aker Solutions delivered the

world's first subsea compression

system for the Åsgard field in

Norway – to boost recovery,

lower costs and minimize the

environmental footprint.

Slide 10

306 MILLION ADDITIONAL BARRELS

OF OIL EQUIVALENTS

50% REDUCTION IN CO2 EMISSIONS

AND ENERGY CONSUMPTION

Customer: Equinor

Scope: Concept studies, FEED, TQP,

EPC with total system responsibility,

commissioning planning and support,

offshore installation support, operations

and maintenance support

Time frame: 2007 – 2016 Photo: Equinor.com

May 24, 2018 PETRO Finans 2018 - Sparebank 1 SR-Bank

© 2018 Aker Solutions

Driving Technology Development

Today

75 meters long, weighing 2,500 metric tons

Tomorrow

Less than half the size and weight

Up to 50% reduction

Increasing importance of natural gas

Increased recovery from existing fields

Enabler for marginal developments

Deeper water and longer tie-backs

PETRO Finans 2018 - Sparebank 1 SR-Bank May 24, 2018 Slide 11

© 2018 Aker Solutions

New Ways of Working

Image: Aker BP

© 2018 Aker Solutions

Digital Solutions to Drive Value

© 2018 Aker Solutions May 23, 2018 Slide 14

Minimizing

Environmental

Impact

© 2018 Aker Solutions Slide 15

Shaping the future of the energy sector

Minimizing cost, maximizing value

Innovating to drive sustainability

Collaborating across the supply chain

Working in new ways

Using digital solutions

Harnessing technology

Minimizing environmental impact