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AGM 2018 1 AGM 2018 Introduction Ken Hanna Chairman 2 AGM - PowerPoint PPT Presentation

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AGM 2018 1 AGM 2018 Introduction Ken Hanna Chairman 2 AGM 2018 Business update Chris Weston CEO 3 AGM 2018 Group summary PBT in line with market expectations Group revenue up 4%, Movement 9% excluding Argentina CHANGE

  1. AGM 2018 1 AGM 2018

  2. Introduction Ken Hanna Chairman 2 AGM 2018

  3. Business update Chris Weston CEO 3 AGM 2018

  4. Group summary PBT in line with market expectations  Group revenue up 4%, Movement 9% excluding Argentina CHANGE excluding £m  Exceptional charge of pass-through pre-exceptional items FY17 FY16 CHANGE fuel and currency £41 million relating to Revenue 1,730 1,515 14% 4% investment in our business Operating profit 229 248 (8)% (10)% priorities programme Net interest expense (34) (27) (28)% Profit before tax 195 221 (12)%  Tax rate of 29% Taxation (57) (63) 9%  Recommended final dividend in Profit after tax 138 158 (13)% line with 2016 Diluted earnings per share 53.9p 61.9p (13)% Dividend per share 27.1p 27.1p - Operating margin 13% 16% (3)pp ROCE 11% 13% (2)pp 4 AGM 2018

  5. Movement Business CHANGE performance excluding FY17 FY16 CHANGE pre-exceptional items currency Revenue (£m) 720 629 15% 9% RENTAL SOLUTIONS Operating profit (£m) 81 52 57% 49% Operating margin 11% 8% ROCE 12% 8% REVENUE Fleet capital expenditure (£m) 55 68 (% OF GROUP excl. pass-through fuel) 45 % % REVENUE BY SECTOR FY17 Business services & construction 21 % FLEET Petrochemical & refining 17 % at 31 December (MW) Utilities 11 % 10 % Events FY17 FY16 9 % Oil & gas 2,396 2,255 8 % Manufacturing Mining 5 % 56 % 52 % Other 19 % DIESEL GAS UTILISATION 5 AGM 2018

  6. Movement Business CHANGE performance excluding FY17 FY16 CHANGE pre-exceptional items currency Revenue (£m) 340 262 30% 20% POWER SOLUTIONS Operating profit (£m) 55 32 71% 53% INDUSTRIAL Operating margin 16% 12% ROCE 11% 7% REVENUE Fleet capital expenditure (£m) 43 37 (% OF GROUP excl. pass-through fuel) 21 % % REVENUE BY SECTOR FY17 Oil & Gas 39 % FLEET Business services & construction 17 % at 31 December (MW) Events 11 % 8 % Manufacturing FY17 FY16 Utilities 7 % 2,521 2,465 7 % 68 % Mining 63 % Petrochemical & refining 2 % Other 9 % DIESEL GAS UTILISATION 6 AGM 2018

  7. Movement Business CHANGE performance excluding pass- pre-exceptional items & through fuel FY17 FY16 CHANGE excluding pass-through fuel and currency POWER SOLUTIONS Revenue (£m) 531 564 (6)% (9)% UTILITY Operating profit (£m) 96 164 (42)% (42)% Operating margin 18% 29% REVENUE ROCE 10% 19% (% OF GROUP excl. pass-through fuel) Fleet capital expenditure (£m) 148 136 34 % % REVENUE BY SECTOR FY17 Utilities 83 % FLEET Oil & gas 7 % at 31 December (MW) Mining 6 % 3 % Manufacturing 79 % FY17 FY16 Other 1 % 74 % 5,004 4,947 DIESEL GAS HFO UTILISATION 7 AGM 2018

  8. How we see our business today Making a massive difference for our customers and the communities we serve Aggreko is a customer focused specialist provider of power, temperature control and energy services on a global basis Customer Technology Efficiency People & Always Orange 8 8 Results Presentation March 2018 AGM 2018

  9. What we have done Going forward  Introduced a sector focus  Deploy the systems used in Rental Solutions across the business  Removed over £100 million in costs Use new systems, remote monitoring and data −  Fleet rationalisation and redeployment analytics to drive efficiency  Rebuilt the customer journey in Rental Solutions  Increase utilisation to optimum levels New systems deployed to improve service −  Drive to higher value, complex solutions in Rental Solutions and Industrial  Selective bolt-on acquisitions, primarily in Rental Solutions  Introduce e commerce to Rental Solutions markets  Introduced the Market Intelligence Platform in Power Solutions Utility  Develop sales discipline in Power Solutions Utility  Introduced several new products, optimised to reduce the  Continue the drive to reduce receivables in Power Solutions total cost of energy Utility 9 AGM 2018

  10. The future: Cloud based data analytics energy markets are transforming Our digitalisation Energy market interface (where applicable) Opportunity as we digitalise Aggreko  Operating data collection via the ROC  Data analytics to benefit maintenance costs and customer focused product development  Y.Q system significantly enhances our ability to understand customer profiles and tailor solutions 10 AGM 2018

  11.  Added capabilities to enhance our skills The future: energy − Younicos brings software to smoothly manage integration of markets are thermal, renewable and storage transforming  Opportunity as renewables grow and need to be integrated − Off grid & microgrid Decarbonisation, − Commercial & Industrial behind the meter decentralisation and digitalisation are changing the − Improve efficiency: driving down cost for customers, and through ways we generate and consume own use energy, globally \\\\\\\\ 11 11 AGM 2018

  12. Summary  The group has been through significant, and necessary changes  2018 profit before tax expected to be in line with 2017, excluding currency − Rental Solutions & Power Solutions Industrial are performing well − Utility is not where it needs to be − Legacy issues now clearing  Team and plan in place to deliver 12 12 AGM 2018 AGM 2018

  13. Aggreko is a customer focused specialist provider of power, temperature control and energy services on a global basis. These services are based on modular and mobile equipment operated on a digital platform with a market leading integration capability. 13 13 AGM 2018 AGM 2018

  14. AGM 2018 14 AGM 2018

  15. RESOLUTION 1 Ordinary resolution To receive the reports of the Directors and Auditors and to adopt the Company’s accounts for the year ended 31 December 2017 15 AGM 2018

  16. RESOLUTION 1 Ordinary resolution To receive the % of issued share capital VOTES reports of the Directors and 72.77 % Total votes cast 186,380,364 Auditors and to adopt 1.60 % Votes withheld 4,110,452 the Company’s accounts % of votes cast for the year ended 31 December 2017 99.93 % In favour 0.07 % Against 16 AGM 2018

  17. RESOLUTION 2 Ordinary resolution To approve the Annual Statement and Report on Remuneration for the year ended 31 December 2017 17 AGM 2018

  18. RESOLUTION 2 Ordinary resolution To approve the % of issued share capital VOTES Annual Statement and 73.68 % Total votes cast 188,720,383 Report on Remuneration 0.69 % Votes withheld 1,770,432 for the % of votes cast year ended 31 December 2017 93.41 % In favour 6.59 % Against 18 AGM 2018

  19. RESOLUTION 3 Ordinary resolution To approve the Directors’ Remuneration Policy 19 AGM 2018

  20. RESOLUTION 3 Ordinary resolution To approve the % of issued share capital VOTES Directors’ 74.36 % Total votes cast 190,469,913 Remuneration Policy 0.01 % Votes withheld 20,902 % of votes cast 98.63 % In favour 1.37 % Against 20 AGM 2018

  21. RESOLUTION 4 Ordinary resolution To approve the Final dividend for the year ended 31 December 2017 of 17.74 pence per ordinary share 21 AGM 2018

  22. RESOLUTION 4 Ordinary resolution To approve the % of issued share capital VOTES Final dividend 74.37 % Total votes cast 190,490,048 for the year ended 0.00 % Votes withheld 768 31 December 2017 of 17.74 pence % of votes cast per ordinary share 99.99 % In favour 0.01 % Against 22 AGM 2018

  23. RESOLUTION 5 Ordinary resolution To elect Heath Drewett as a Director of the Company 23 AGM 2018

  24. RESOLUTION 5 Ordinary resolution To elect % of issued share capital VOTES Heath Drewett 74.37 % Total votes cast 190,479,424 as a Director of the Company 0.00 % Votes withheld 11,392 % of votes cast 97.97 % In favour 2.03 % Against 24 AGM 2018

  25. RESOLUTION 6 Ordinary resolution To re-elect Ken Hanna as a Director of the Company 25 AGM 2018

  26. RESOLUTION 6 Ordinary resolution To re-elect % of issued share capital VOTES Ken Hanna 74.30 % Total votes cast 190,295,688 as a Director of the Company 0.07 % Votes withheld 195,128 % of votes cast 99.74 % In favour 0.26 % Against 26 AGM 2018

  27. RESOLUTION 7 Ordinary resolution To re-elect Chris Weston as a Director of the Company 27 AGM 2018

  28. RESOLUTION 7 Ordinary resolution To re-elect % of issued share capital VOTES Chris Weston 74.37 % Total votes cast 190,478,148 as a Director of the Company 0.00 % Votes withheld 12,668 % of votes cast 99.98 % In favour 0.02 % Against 28 AGM 2018

  29. RESOLUTION 8 Ordinary resolution To re-elect Dame Nicola Brewer as a Director of the Company 29 AGM 2018

  30. RESOLUTION 8 Ordinary resolution To re-elect % of issued share capital VOTES Dame Nicola Brewer 74.37 % Total votes cast 190,483,740 as a Director of the Company 0.00 % Votes withheld 7,076 % of votes cast 99.96 % In favour 0.04 % Against 30 AGM 2018

  31. RESOLUTION 9 Ordinary resolution To re-elect Barbara Jeremiah as a Director of the Company 31 AGM 2018

  32. RESOLUTION 9 Ordinary resolution To re-elect % of issued share capital VOTES Barbara Jeremiah 74.37 % Total votes cast 190,478,366 as a Director of the Company 0.00 % Votes withheld 12,450 % of votes cast 97.61 % In favour 2.39 % Against 32 AGM 2018

  33. RESOLUTION 10 Ordinary resolution To re-elect Uwe Krueger as a Director of the Company 33 AGM 2018

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