Aker Solutions Earnings and Corporate Presentation
Growing Offshore and Subsea Markets
Offshore Final Investment Decisions (FIDs)
Number of offshore FIDS
150
128
120
114
100
50
0
78
Actual
Potential
+18%
105
89
62
56
46
56
2011 2012 2013 2014 2015 2016 2017 2018 2019e
(Source: Rystad Energy DCube)
Increasing Subsea Tree Awards Following FIDs
Number of Subsea Trees
600
Historical
547
418
400
301
200
0
Estimate (Goldman Sachs)
+10%
296
270
247
203
167
89
■ Significant underinvestment past four years
■ Record high free cash flow among E&Ps
■ Break-even costs lowered - new projects emerging
■Increased sanctioning activity, despite oil price
volatility
■ E&P spending forecasted to increase
■ Expect markets to remain competitive near term
■ Still overcapacity in some segments
■ AKSO well positioned in key regions going forward
■ Tendering for NOK 55 billion - good balance of
regions and segments
2011 2012 2013 2014 2015 2016 2017 2018 2019e
(Source: Goldman Sachs equity research March 25, 2019)
2019 Aker Solutions
May 16, 2019 Slide 23
Aker SolutionsView entire presentation