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Amec

AMEC is a focused supplier of consultancy, engineering and project management services to its customers in the world's oil and gas, mining, clean energy, environment and infrastructure markets. With annual revenues of Some PS4. Billion, amec designs, delivers and maintains strategic and complex assets and employs over 29,000 people in around 40 countries worldwide.

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100 views

Amec

AMEC is a focused supplier of consultancy, engineering and project management services to its customers in the world's oil and gas, mining, clean energy, environment and infrastructure markets. With annual revenues of Some PS4. Billion, amec designs, delivers and maintains strategic and complex assets and employs over 29,000 people in around 40 countries worldwide.

Uploaded by

cristi_molins
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PDF, TXT or read online on Scribd
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AMEC key facts

October 2013

AMEC (LSE: AMEC) is a focused supplier of consultancy, engineering and project management services to its customers in the world's oil and gas, mining, clean energy, environment and infrastructure markets. With annual revenues of some 4.2 billion, AMEC designs, delivers and maintains strategic and complex assets and employs over 29,000 people in around 40 countries worldwide.
FTSE 100 company Revenues Employees Global presence Market cap c.3.2 billion Some 4.2 billion Over 29,000 Working in around 40 countries 2012 full year results Annual general meeting Interim mgmt statement 2013 half year results 14 February 2013 4 April 2013 4 April /19 November 2013 8 August 2013

Financials
Revenue by geography and market
Growth Regions 13% Oil & Gas Mining Environment & Infrastructure Americas 60% Oil & Gas Europe 27% Oil & Gas Clean Energy Environment & Infrastructure Mining Clean Energy Environment & Infrastructure

Revenue by markets and sectors


Clean Energy Nuclear 7% Renewables/ Bioprocess 9% Conventional Power 4% Transmission & Distribution 4% Environment & Infrastructure Water/ Municipal 4% Transport/ Infrastructure 3% Industrial/ Commercial 3% Government Services 4%

Mining 16% Oil & Gas Unconventional Oil & Gas 16%

Oil & Gas 30%

Employees by geography
Growth Regions 10%

Performance highlights (2012 full year results)


2012 (m) Revenue EBITA* Profit before tax** Americas 53% 4,158 331 336 80.4p 36.5p 3.6bn 2011 (m) 3,261 299 311 70.5p 30.5p 3.7bn Change +28% +11% +8% +14% +20% -3%

Europe 37%

Diluted earnings per share Dividend per share Order book

*Before exceptional items but including joint venture EBITA **Before exceptional items but including joint venture profit before ta x

Charts reflect 2012 full year results

See 2012 annual report on amec.com for further highlights and full definitions

Our vision and 2015 goal


Our vision is that by continually delivering excellence, we inspire trust and loyalty in our customers. We believe growth will come from the strength of our customer relationships; the skills of our people and the way in which they deliver successful projects; the markets in which we are positioned and the strength of our balance sheet. Our Vision 2015 goal is to achieve earnings per share of greater than 100 pence in 2015, more than double the starting point in 2009. We now expect to achieve this before 2015.

Health & safety


Zero fatalities for the past five years (2008-2012) - same target for 2013

Our customers
Apache, Arizona Public Service, BG, BP, Bruce Power, Canadian Natural Resources Limited (CNRL), ConocoPhillips, EDF, GDF SUEZ, ExxonMobil, Fairfield Energy, Fortescue Metals, Kuwait Oil Company (KOC), Kruger, Marine Well Containment Company (MWCC), National Grid, Nuclear Decommissioning Authority (NDA), Newmont Mining Corporation, PotashCorp, Shell, Teesside Gas and Liquid Processing, US Air Force

Our values

Delivering excellence to our customers across the world

Americas: Our largest geography, with the best balance across our markets. Our oil & gas position is growing, with recent investment in Brazil; we are the market leader in mineable oil sands; a leader in consulting and EPCM in mining; have good positions in solar and bioprocess; and are a major player in the diverse E&I market.
Photo: Southern Pacifics (STP) McKay oil sands SAGD facility, Alberta, Canada

Europe: Principally UK-based with some smaller activities elsewhere. Strong position in oil & gas, with market-leading position in North Sea brownfield activities. Leading position in the nuclear market, where services range from new build right through to decommissioning.

Growth Regions: We expect each of our geographies to grow, but see Growth Regions as the area with the greatest potential. We want to apply our global skills base to create a sustainable, localised presence in Australia-Pacific, China, Middle East, Africa and CIS.
Photo: Fortescue Metals Group Cloudbreak project, Western Australia

Photo: we provide waste treatment services to the Bohunice nuclear power plant, Slovakia

Our business model


Our employees are highly skilled engineers, project managers, consultants and scientists with the technical expertise and experience to deliver on our customers requirements. We provide high-value services consulting, engineering, project and construction management, and supply chain management across the lifecycle of our customers assets. We have a low-risk contracting model. We sell our peoples time and may get additional payments if pre-agreed measures are achieved (KPIs). We only take fixed price (lump sum) work under certain controlled conditions. We have common systems, tools and processes our project delivery framework is flexible and scalable. We are deliberately technology-independent and asset-light (owning typically cars and computers). We work in 40 countries and aspire to be increasingly global. Our new geographic organisational structure allows the creation of more sustainable, localised positions. In each of our markets, the strength of customer relationships and proven ability to deliver successfully, even in harsh or remote environments, is what enables us to win new business.

Recent projects
Market Oil & Gas Project BP: conceptual and FEED for topsides, Mad Dog field, Gulf of Mexico GDF SUEZ: 60 million detail design contract for GDF SUEZs Cygnus field KNPC: PMC for new oil refinery at Al Zour, Kuwait Imperial Oil: Kearl programme, Canada PotashCorp: expansion project, including EPCM work at Rocanville, Canada Fortescue Metals Group: with JV partner, completed EPC contract for the Cloudbreak ore handling plant wet front end project EDF: supporting the responsible designer programme on UK nuclear new build programme Sappi: EPCM contractor for the GoCell project at Ngodwana in South Africa US Army Corps of Engineers: design and construction of facilities and warehousing, Qatar

Mining

Clean Energy

Environment & Infrastructure

See amec.com for more examples of recent projects

Leadership
Samir Brikho, Chief Executive
Samir was appointed Chief Executive in October 2006 He was previously a member of the ABB Executive Committee, heading the Power Systems division and Chairman of ABB Lummus Global, ABBs international projects and services business His external appointments include being a UK Business Ambassador, a director of the UK-Japan 21st Century Group and co-chair of the UK-UAE CEO Forum

Simon Naylor, Group President, Americas


Simon was appointed Group President, Americas in October 2012 He was previously the President of Natural Resources Americas He has led the growth and successful development of positions in the core sectors of mining, oil & gas and oil sands

John Connolly, Chairman


John was appointed Chairman on 1 June 2011 Previously the CEO of Deloitte UK and Global Chairman of Deloitte Touche Tohamatsu He is Chairman of G4S plc Other appointments include: on the Board of Governors of London Business School, a member of the CBI Presidents Advisory Council and of the British American Business International Advisory Board

John Pearson, Group President, Europe


John was appointed Group President, Europe in October 2012 He previously held the role of Managing Director, Natural Resources Europe and West Africa He joined AMEC from Chevron in 1990 He is Contractor Vice-Chair of Oil & Gas UK and immediate past Chairman of the Offshore Contractors Association

Ian McHoul, Chief Financial Officer


Ian was appointed Chief Financial Officer in September 2008 He was previously Group Finance Director of Scottish and Newcastle plc

See amec.com for further details

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