© 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