WORLD CLASS through people, technology and dedication. KONGSBERG September 20,

Transcription

1 WORLD CLASS through people, technology and dedication KONGSBERG September 20,

2 Kongsberg Maritime Offshore & Merchant Marine Focusing on core technologies building strong application knowledge sales and global support Dyn.Pos & Positioning Automation & Controls Hydroacoustics Simulation Navigation 2

3 Offshore & Merchant Marine Main product lines Dynamic Positioning Systems Navigation Systems Monitoring and Control Systems Process Automation Hydroacoustics 3

4 ...more than 50 years in the Marine business 4

5 Offshore & Merchant Marine Main product lines Some examples 5

6 Dynamic Positioning WORLD CLASS through people, technology and dedication ynamic positioning systems automatically manoeuvre and maintain vessels in onstant positions relative to each other, making it possible to perform complex perations regardless of wind, waves and ocean currents. KONGSBERG September 20,

7 Monitoring & Control Cargo Management WORLD CLASS through people, technology and dedication KONGSBERG September 20,

8 Monitoring & Control Machinery & Propulsion WORLD CLASS through people, technology and dedication KONGSBERG September 20,

9 Process Automation 9

10 Hydro acoustics Application: Fishery/ Research AUV Hydrography UW Nav. Naval Sonars Products: 10

11 KONGSBERG MARITIME - Global Operation Nova Scotia (Canada) British Columbia (Canada) Norway Scotland Sweden Washington (USA) Texas (USA) Connecticut (USA) England Spain Italy Germany The Netherlands UAE South Korea China Louisiana (USA) Nigeria Singapore Brazil New York (USA) 11

12 Kongsberg Maritime Regional Support Centres 24h Norway Louisiana (USA) Singapore Brazil 12

13 Putting our vision to work Maximize marine performance by providing the full picture We shall earn respect and recognition for our dedication to provide innovative and reliable solutions that ensure optimal and safe operation at sea. 13

14 We shall be recognised by our behaviour Dependable We believe in quality in all aspects of our behaviour, and we will strive to consistently produce reliable solutions Innovative We are always searching for new possibilities, in order to increase value added to our customers Determined We want to be recognized by our drive and persistence, we just never give in! Networking We believe in generous sharing of knowledge and we establish and develop useful networks 14

15 Offshore & Merchant Marine Business segment description Segments and sub segments Offshore & Merchant Marine Exploration Field Development Offshore Offshore Production Supply & Support 7 % 67 % Tank 26 % Merchant Marine Dry Cargo - Merchant Marine Passenger vessels 15

16 Offshore & Merchant Marine Performance trend Operating revenues by quarter EBIT by quarter Q1 Q2 Q3 Q Q1 Q2 Q3 Q Operating revenues MNOK 862 in Q2, up 9.1% from corresponding quarter last year MNOK YTD (up 9.9 %) The business area has smooth operations and good capacity utilisation Earnings before tax MNOK 84 in Q2, up MNOK 23 from corresponding quarter last year MNOK 151 YTD, up MNOK 43 compared with last year The figures have been adjusted for the sale of Yachting 16

17 Performance trend EBIT Margin 12,00 % 10,00 % 8,00 % 6,00 % 4,00 % 11,10 % 9,70 % 9,50 % 8,40 % 7,70 % 7,70 % 6,00 % 4,90 % 10,00 % 9,20 % 2,00 % 0,00 % Q1 Q2 Q3 Q4 Margin 04 Margin 05 Margin % EBIT margin in 2nd quarter (7.7 %) YTD 8.7 % (6.9 %) 17

18 Offshore & Merchant Marine New orders and backlog of orders New orders Order backlog Q1 Q2 Q3 Q4 0 Q1 Q2 Q3 Q Good influx of new orders in Q2 MNOK in new orders (MNOK YTD) All-time record high backlog of orders (MNOK 2 673) New orders for rigs came to MNOK 370 in Q2, and MNOK 770 YTD. 18

19 Offshore & Merchant Marine Market Outlook - Merchant marine Merchant marine market, stable at a good level. LNG/LPG still very active The dominance of Far East shipyards influence this operation No. of Ships Merchant Marine Market Development ( ) Tanker Bulker Container PAX 19

20 Cargo Management Custody Transfer System Reliq. Plant Control Manoeuvring Navigation ESDS Gas Combustion Unit Control Thruster Control Ballast Management Alarm Management Power Management Machinery Management Propulsion Control 20

21 Merchant marine Integrated vessel control system Cargo management (CTS) and control Machinery automation, incl. PMS and switchboard control Propulsion management and control Integrated bridge control (INS/IBS) Dynamic positioning/manoeuvring Positioning systems (AIS and GNSS) Voyage data recorders (VDR) Onboard and ship-to-shore information management systems 21

22 Offshore & Merchant Marine Market Outlook - Drilling segment WORLD-WIDE SUBSEA DEVELOPMENT WELLS BY WATER DEPTH Drilling segment is important to KONGSBERG 30% of contracted drilling rigs/vessels have not ordered equipement relevant to KONGSBERG No. of wells m m m m m m m 5-74 m Start-up year - Source Infield/ Offshore Research 22

23 Integrated Automation System Power Management Ballast control Accommodations Auxiliary systems Safety Systems ESD F&G Water tight doors Thruster Control Dynamic Positioning Green DP Reference system Manoeuvreing System RMS 23

24 Offshore & Merchant Marine Market Outlook Floating Production Deep water and harsh environment is postive to KONGSBERG FLOATING PRODUCTION UNITS PER WATER DEPTH Accumulated no. of FPU's m m m m m 3-99 m Year installed - Source Infield/ Offshore Research 24

25 Dynamic Process Simulation Process Control Safety Systems Navigation &Reference Systems Power Management Cargo Level Gauging Marine Control Positioning Systems Subsea Control Riser Management 25

26 Offshore & Merchant Marine Market Outlook Floating Production KONGSBERG have strenghten its position within Floating Production during 2006 Bluewater Aoka Mizu Marathon Alvheim BP Skarv 26

27 Offshore & Merchant Marine Market Outlook Subsea activities Growth in subsea activities are positive to KONGSBERG; Dynamic Positioning and Hydroacoustic productlines Accumulated subsea pipelaying (km) Accumulated Subsea pipeline volume (km) grows by 12%... Market penetration Assumptions: % 30% CAGR 22.7% e 2007e 2008e 2009e 2010e Pipelaying and subsea wells grows by 12%... Accumulated number of wells started Accumulated Market penetration Assumptions: 20% 30% CAGR 22.7% Wells started e 2007e 2008e 2009e 2010e

28 Subsea Hydroacoustic productlines Autonomous underwater vehicles; the HUGIN (AUV) product line Underwater navigation (Hi PAP) Underwater cameras Hydrographical survey instrumentation Acoustic instruments for all types of bottom investigations Naval sonar for submarine and mine identification By transmitting sonar (sound) signals underwater and measuring the strength and direction of the echo, the submersible craft can chart the seabed. 28

29 Offshore & Merchant Marine Market Outlook Subsea surveying West Africa 36 % HUGIN Survey KM by Area ( ) KM Brazil 3 % Gulf of Mexico 43 % Mediterranean 4 % North Sea 14 % Offshore Field Operations 29

30 Offshore & Merchant Marine Market Outlook - Subsea Vessels KONGSBERG`s ability to maintain its current position will decide future growth in this segment Subsea vessel market per category DP 2 Vessels % No. of vessels (365 days) % 65 % 45 % 25 % 5 % Utilisation (300/365 days) Idle/maintenance None oil & gas Other oil & gas Transit Decommission Operation (OPEX) Installation (CAPEX) Utilisation (300/365) Year -15 % - Source Infield/ Offshore Research 30

31 Offshore & Merchant Marine Market Outlook - PSV & AHTS Vessels The use og advanced manuvering equipement( DP, Thruster control ) spreads to all PSV and AHTS segments WORLD CLASS through people, technology and dedication KONGSBERG September 20,

32 Kongsberg Maritime Offshore & Merchant Marine KONGSBERG have established a solid plattform for further expansion within Oil & Gas industry 32

33 Fantoft a new member of the KONGSBERG family KONGSBERG has acquired Fantoft Process Technologies The acquisition is in line with KONGSBERG's strategy for placing more emphasis on the international oil and gas industry Products and services Fantoft Process Technologies has comprehensive expertise within modelling, simulation and control of processes, as well as long experience with consultancy services for engineering communities in the oil and gas industry. Delivered a number of customerspecific training simulators at home and abroad. Oil and Gas (offshore and onshore) LNG and LPG (Liquified gas) Pipelines (single phase and multiphase) Refineries Chemistry and petrochemicals Power plants Market areas 33

34 WORLD CLASS through people, technology and dedication KONGSBERG September 20,