Share Fair 4 th November Graham Clarke and Allan Baird

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1 Share Fair 4 th November 2015 Graham Clarke and Allan Baird

2 Safety Floor Plan WE ARE HERE 2

3 Agenda Amec Foster Wheeler at a Glance Value and Vision How to do Business with us A Changing Market The Supply Chain Challenge Cost Reduction initiatives Systems - Then and Now What are we doing Current Work and Opportunities 3

Key Facts and Services Headquartered in London and listed on: - London Stock Exchange (AMFW) New York Stock Exchange (AMFW) >50 countries >US$10bn revenues

4 Key Facts and Services Headquartered in London and listed on: - London Stock Exchange (AMFW) New York Stock Exchange (AMFW) >50 countries >US$10bn revenues Services: - Consultancy; Engineering; Project management; Project delivery; Ongoing asset support; Specialised power equipment. >40,000 people >150 years of history 4

5 Strategy & Business Development Asia, Middle East, Africa & Southern Europe Americas Northern Europe & CIS Global Power Group Amec Foster Wheeler Markets and Sectors Markets Sectors Business units Oil & Gas Upstream Midstream Downstream Mining Mining & Minerals E&I Water Transport Government Industrial / Pharma Clean Energy Renewables / Bioprocess Nuclear Transmission & Distribution Conventional Power 5

6 Vision and Values We have a clear vision which encompasses our ambitions for the future. Our values express who we are and what we stand for: - To be the most trusted partner for our customers by consistently delivering excellence bringing together the knowledge, expertise and skills of our people from across our global network. Add a coloured transparent segment and Delivering caption on if our promises required. 6

7 How to do Business with Amec Foster Wheeler At Amec Foster Wheeler we: - Recognise the important role our suppliers have in the development and ongoing success of our business; Believe that successful relationship management within our supply chain is fundamental to our delivery of safe and excellent projects; We expect our chosen suppliers and subcontractors to: - deliver on their promises; aid us in delivering projects excellently; be safe; take care of the environment; be ethical and fair. We expect our chosen suppliers and subcontractors to share our core values. 7

8 How to do Business with Amec Foster Wheeler Pre-qualification for UKCS projects (FPAL, project specific questionnaires); Top quartile performance feedback; Previously and continually we will select for suppliers that have: - Strong financial / commercial structure; Technical excellence, quality and competent personnel; Proven systems, procedures and control mechanisms to support execution and delivery; Alignment with Amec Foster Wheeler values, Code of Business Conduct; ISO9001/29001, ISO14001 certification and OHSAS accreditation;; Excellent HSSE track record. Structural change in the market means we need more than this, we need to do something different, to think differently: - Collaborative Innovative Efficient 8

9 A significantly changing market The industry, and its supply chain, needs to evolve to meet the current challenges. Do we do too much for any given outcome; Are we inefficient are we getting any better; Industry costs have been largely uncontrolled; Why so many bespoke solutions. 9

Improvement (%) Amec Foster Wheeler How have other industries evolved 25-40 % 15-25 % 10-15 % Cost Out Efficiency Transform Category Spend reduction Tactical process improvements Cost avoidance

10 Improvement (%) Amec Foster Wheeler How have other industries evolved % % % Cost Out Efficiency Transform Category Spend reduction Tactical process improvements Cost avoidance Activity reduction Consolidation Organisation design Digital / Technology Asset / service / geographic restructure M&A + network integration Operating Model Timing 3 9 months 5 18 months months 10

11 Cost Reduction, Efficiency and Transformational Change Agenda Looking Back understand what history tells us: - Industry; Design Engineering. Looking Forward understand what we need to do: - Efficiency Drivers; Amec Foster Wheeler. What we need from Supply Chain 11

12 The Supply Chain Challenge The Supply Chain contribution what can you bring? Collaborate Innovation Efficiency Gains > FTEs Eliminating waste Standard Solutions 12

13 Cost Reduction, Efficiency and Transformational Change Allan Baird 13

14 Looking Back Industry - CRINE Early 1990s oil prices of $12 a barrel; CRINE - Cost Reduction In the New Era collaborative effort to find ways of reducing costs; CRINE Report published in recommendations for functional rather than prescriptive specifications, shared working practices, a sole industry body for prequalification and a reduction in paperwork through the procurement process; The industry was able to reduce costs by 40%... Some industry commentators have gone as far as stating that CRINE platforms are less efficient, and even less safe Recent strong steer from HSE...whilst they recognise the need to reduce costs...we must not compromise on safety; They will be watching closely... 14

15 Looking Back, 3D Modelling in 1980 s 15

16 Design Engineering - 3D Modelling Now

17 Design Engineering ES & IM Innovation in Engineering Systems & Information Management. So far Increased Efficiency in Engineering Design; Improvements in Supply Chain Engagement; Some Standardisation; Improved Data Integrity; Asset Information Hubs. Looking Forward what we need to do:- Continue to engage with System Providers; Align ES/IM with all aspects of Supply Chain; Embrace System Developments & Innovation, e.g. Fluid Dynamics, etc. 17

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18 Cash Flow ( Billion Money) Amec Foster Wheeler Cost Reduction Drivers 2015 The UKCS Oil and Gas Industry continues to face significant cost challenges: - $49 barrel currently, was trading at $115 in June 2014; Expect average price per barrel in 2016?... $70?... $85? Investment in UKCS is likely to depend upon how the industry meets these cost challenges UKCS Revenues and Cash Flow Total Revenue Post-Tax Costs Post-Tax Cash Flow Source: Oil & Gas UK, DECC 18

What are we doing HVEC So far Developed Strong Track Record of HVEC Delivery across multiple centres;

PROJECT MANAGEMENT / CONTROL Project Management Project Controls Planning Project Control Cost Project Risk

Equipment Civil and Structural Engineering Electrical Control Systems and Instruments Process Engineering

(HVEC); Continue to Invest in System Integration & Innovation; PROCUREMENT Pre-order Post-order Quantity

19 What are we doing HVEC So far Developed Strong Track Record of HVEC Delivery across multiple centres; Realised significant Cost Savings; Realised significant Schedule Benefits. PROJECT MANAGEMENT / CONTROL Project Management Project Controls Planning Project Control Cost Project Risk Management Change Management and Control ENGINEERING HVEC CENTRE CAPABILITIES Piping Engineering and Design Equipment Civil and Structural Engineering Electrical Control Systems and Instruments Process Engineering Looking Forward what we need to do: - Continue to optimise use of our Global High Value Execution Centres (HVEC); Continue to Invest in System Integration & Innovation; PROCUREMENT Pre-order Post-order Quantity Surveying Contracts Inspection Align further with our Customers & Supply Chain. CONSTRUCTION All Home Office Functions Construction Supervision Construction QA/ QC HSE 19

20 Risk Amec Foster Wheeler More 4 Less What are we doing Prioritise Categorise Deliver Needs Conventional approach Man hours Deliverables Efficient Modifications Man hours Deliverables AES E&I Deliverables Operator Supply Chain z More Less Delivering 30% 60% Cost Savings 20

21 Expectation of Supply Chain what we need from you! In summary...what we need from you! Innovation; Efficiency; Simplification; Collaboration; Assurance...Quality, Cost, Schedule; Challenge! 21

22 Get involved Oil and Gas UK Efficiency Task Force You can submit your ideas on how to reduce costs, generate efficiencies and bring innovation to Amec Foster Wheeler by contacting us at: - share.fair@amecfw.com please use the following as subject headers: - Technology Cost Reduction Late Life and Decommissioning Efficiency 22

23 And finally 23

24 Current Work and Opportunities Graham Clarke

Current Opportunities AJS ECAPS SCOPE: Integrated cost, planning, maintenance project and operations management. 50 offshore assets in Southern North Sea.

25 Current Opportunities AJS ECAPS SCOPE: Integrated cost, planning, maintenance project and operations management. 50 offshore assets in Southern North Sea. 2 gas plants in Den Helder (NL) and Bacton (UK). Long term relationship since SCOPE: East Irish Sea Onshore and Offshore Assets. Successful Integration of Centrica / Amec Foster Wheeler team. Extend Field life beyond TERM: 2018 TERM: 2016 OPPORTUNITIES: Mechanical: Pumps, Foam Injection Package, Compressor Upgrades. Piping: Valve and Pipe Spool Fabrication. Electrical: Transformers, Switchboards, Cable. Instruments: Bulks and Valves. Structural: Fabrications. OPPORTUNITIES: Mechanical: Pumps. Piping: Valves and piping material bulks. Electrical: Bulks. Instruments: Bulks. Fabrication: Structural and pipe spool fabrications, heat treatment, dimensional surveys, HV surveys. Contact: Jim Landamore Tel: Contact: Nick Fletcher Tel: +44(0)

26 Current Opportunities BP Kinneil LPG Chilldown SCOPE: Kinneil LPG Chilldown currently in Detailed Design (DD) and Fabrication Stage. OPPORTUNITIES: Mechanical: Various. Piping: Valves, Bulks and Pipe Spool Fabrication. Electrical: Bulks. Instruments: Bulks and Valves. Structural: Fabrications, Surveys. TERM: 2016 BP ETAP SCOPE: ETAP Additional Living Quarters (ALQ) now in EXECUTE phase. The 1 st Shiipment of Modules due 5 th November 2015, final shipment of Modules due 30 th December All long lead equipment procurement executed with deliveries scheduled for 4 th Qtr 2015, 1 st Qtr All structural and piping fabrication well underway to support offshore installation programme. Focus is moving to construction and commissioning of offshore vendor support. OPPORTUNITIES: Piping: Valves, Bulks and Pipe Spool Fabrication. Electrical: Bulks. Instruments: Bulks and Valves. TERM: 2016 Structural: Fabrications dependent on emergent scopes. Contact: Michael O Hare Tel: +44(0) Contact: Mike Hume (ETAP) Tel: +44(0)

Current Opportunities BP Clair Ridge HUC Cygnus Field Development SCOPE: Primary engineering and project management services consultant. Second phase of development.

27 Current Opportunities BP Clair Ridge HUC Cygnus Field Development SCOPE: Primary engineering and project management services consultant. Second phase of development. Hook up and commissioning services. Target for first oil is Designed for 40 years of production. TERM: 2016 SCOPE: Awarded HUC support contract. Follows on from the FEED and detail design work executed by Amec Foster Wheeler. First gas scheduled for Q Production due to account for around 5% of the UK s gas production by TERM: 2016 OPPORTUNITIES: Mechanical: Various. Piping: Valves and pipe spool fabrication. Electrical: Bulks and Cable. Instruments: Valves and Bulks. Structural: Fabrications, Surveys. OPPORTUNITIES: Procurement mainly by Engie. Amec Foster Wheeler are currently procuring the following: Piping: Bulks, Valves and Pipe Spool Fabrication. Structural: Fabrications, Dimensional Surveys. Hire / Procurement of Plant and Equipment. Contact: John Hutchins Tel: +44(0) Contact: Marti Scott Tel: +44(0)

28 Current Opportunities BP Midstream E&C Projects SCOPE: Operations, maintenance and project support to BP Forties Pipeline System. O&M and Project Support Services for North Sea Midstream, now to include BP CATS, Teesside. O&M Activities on 1 offshore platform (Unity) and 4 Landline Pumping Stations (Cruden Bay, Netherley, Brechin, and Balbeggie). TERM: 2016 SCOPE: EPC Brownfield Modifications. CNS - Judy, Jade, Britannia and Jasmine Assets. SNS - 42 Assets (4 Hubs with NUIs) / TGT Gas Terminal at Gt Yarmouth. Main Focus: Compression Optimisation project and Process Efficiencies. Integrity Campaigns of aging asset and process efficiency. TERM: 2017 (5x1 Year Possible Extensions) OPPORTUNITIES: Mechanical: Various. Piping: Valves, Bulks and Pipe Spool Fabrication. Electrical: Bulks. Instruments: Bulks and Valves. Structural: Fabrications, Surveys. OPPORTUNITIES: Mechanical: Chemical Injection Package. Piping: Valves and Pipe Spool Fabrication. Electrical: MCC Board, Bulks. Instruments: Bulks and Valves. Structural: Fabrications. Contact: Stuart Simpson Tel: +44(0) Contact: Dave Hutcheon Tel: +44(0)

Current Opportunities Talisman MonArb Project SCOPE: EPCC Brownfield Modifications. Montrose Platform. 2016 TAR Campaign.

29 Current Opportunities Talisman MonArb Project SCOPE: EPCC Brownfield Modifications. Montrose Platform TAR Campaign. Nexen Project SCOPE: 5 years remaining of a 6 year engineering, procurement and construction (EPC) contract. Operational modifications and Brownfield projects. Buzzard, Scott and Golden Eagle platforms. TERM: 2016 TERM: 2019 OPPORTUNITIES: Piping: Fabrication. Electrical: Bulks and Cable. Instruments: Bulks and Valves. Structural: Small Fabrications. OPPORTUNITIES: Mechanical: Various (dependable on emerging scopes); Piping: Valves and Pipe Spool Fabrication; Electrical: Bulks; Instruments: Bulks and Valves; Structural: Fabrications. Contact: Kimberley Duncan Tel: +44(0) Contact: Alan Purkis Tel: +44(0)

30 Current Opportunities Maersk Oil SCOPE: Integrated Services Contract (ISC). The provision of integrated services in the UK sector of the North Sea includes project management, engineering services, procurement, offshore construction and offshore operations support. TERM: 2018 OPPORTUNITIES: The Amec Foster Wheeler team will make use of the company's proven 'more 4 less' lean and scalable engineering processes and integrated delivery together with Scopus Engineering. Efficiencies from 'more 4 less' have been proven to deliver 30 to 60 percent savings, in time and cost, compared to traditional approaches. Contact: Alan Purkis Tel: +44(0)

EIC, Aberdeen 17 March Graham Clarke and Allan Baird

EIC, Aberdeen 17 March Graham Clarke and Allan Baird EIC, Aberdeen 17 March 2015 Graham Clarke and Allan Baird Agenda Background information on Amec Foster Wheeler: - General; Vision and Values; Key Facts and Services; Markets and Sectors. How to do business