D.A. Davidson 12 th Annual Engineering & Construction Conference - PowerPoint PPT Presentation

D.A. Davidson 12 th Annual Engineering & Construction Conference Sue Carter – Executive Vice President and CFO Ivor Harrington – Group President, Gas Monetization September 11, 2013 Zac Nagle – Vice President, Investor Relations & Communications

Forward Looking Statements This presentation contains “forward-looking statements.” All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements include statements about the benefits of the split-off, the discussions of KBR’s business strategies and KBR’s expectations concerning future operations, profitability, liquidity and capital resources. You can generally identify forward- looking statements by terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “objective,” “plan,” “potential,” “predict,” “projection,” “should” or other similar words. These statements relate to future events or future financial performance and involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from those in the future that are implied by these forward-looking statements. Many of these factors cannot be controlled or predicted. These risks and other factors include those described under “Risk Factors” in KBR’s Annual Report on Form 10-K dated February 20, 2013, Forms 10-Q, recent Current Reports on Forms 8-K, and other Securities and Exchange Commission filings. Those factors, among others, could cause KBR’s actual results and performance to differ materially from the results and performance projected in, or implied by, the forward-looking statements. As you read and consider this presentation, you should carefully understand that the forward-looking statements are not guarantees of performance or results. KBR cautions you that assumptions, beliefs, expectations, intentions and projections about future events may and often do vary materially from actual results. Therefore, KBR cannot assure you that actual results will not differ materially from those expressed or implied by forward-looking statements. The forward-looking statements included in this presentation are made only as of the date of this document. New risks and uncertainties arise from time to time, and KBR cannot predict those events or their impact. KBR assumes no obligation to update any forward-looking statements after the date of this presentation as a result of new information, future events or developments, except as required by the federal securities laws. Note: All financial statements reflected in this presentation are as of KBR’s 2Q13 earnings conference call on July 26, 2013 2

KBR – A Leading Global E&C Provider  Revenue: Full Year 2012 - $7.9 Billion  Backlog: June 30, 2013 - $13.8 Billion  Headquarters in Houston, Texas  ~ 27,000 employees ; 70+ countries  KBR is a global engineering, construction, and services company supporting the energy, hydrocarbons, power, industrial, civil infrastructure, minerals, government services and commercial markets. 3

KBR’s Global Footprint Gothenburg Moscow Greenford Edmonton Atyrau Ontario Leatherhead Frankfurt Calgary Baku Salt Lake City Raleigh Charlotte Algiers Birmingham Wilmington Baghdad Kuwait City Arlington Atlanta Dammam Beijing Mobile Houston Doha Monterrey Dhahran Dubai MMM Abu Dhabi New Delhi Lagos Singapore Jakarta Luanda Rio De Janeiro Brisbane Adelaide Sydney Johannesburg Perth Canberra Buenos Aires Melbourne 4

KBR’s Four Business Groups Infrastructure, Gas Monetization Hydrocarbons Services Government & Power Oil & Gas Construction Gas Monetization N.A. Government & Logistics  Refining  LNG  Offshore  U.S. Federal Government  Chemicals  FLNG  Onshore  Department of Defense  Oil & Gas  Pipelines  GTL International Government,  Power  FLNG Defence & Support Services  U.K. Ministry of Defence Canada Operations Downstream  Oil Sands  Middle East  Refining  Mining  Asia Pacific (APAC)  Petrochemicals  Gas Treating Infrastructure  Biofuels  Transportation Building Group  Fertilizers  Water / Wastewater  Life Sciences and Education Technology  Facilities  Government Buildings  Refining  Healthcare Minerals  Petrochemicals  Coal, Iron Ore  General Industrial & Aerospace  Syngas  Base Metals  Food & Beverage  Coal Gasification  Material Handling Industrial Services  Refining & Chemicals Power & Industrial  Power  Oil & Gas  Pulp & Paper  Power  Industrial Manufacturing  Pulp and Paper 5

Gas Monetization Current Gas Mon Projects Progressing Opportunity for GTL in the U.S. Well  Active discussions with a customer and believe the project could reach FEED in 2013  Gorgon LNG Trains 1-3  Skikda LNG  Escravos GTL  Ichthys LNG Strong Pipeline of LNG Projects and Prospects  Gorgon Train 4 Pre-FEED with expected FEED transition, then EPCm  Kitimat FEED and EPC  Tanzania pre-FEED  Recently awarded Petronas LNG FEED and EPC bid  Bid preparation for Tangguh Train 3 FEED and EPC bid 6

Hydrocarbons U.S. Shale Gas Opportunities Growth in Technology  Awarded an EPC contract for an ammonia plant in  Continue to see strong bookings across portfolio of excess of $250 million to be constructed in North technologies, including ammonia, VCC, and ethylene America  47% job income growth in 2Q13, year-over-year  Awarded ~$600 million Dyno Nobel ammonia EPC  Doubled headcount in offices during 2011 in Beijing, and technology project in Louisiana China and Delhi, India  Awarded ~$100 million for EPC for two new  Strong suite of technologies: ethylene furnaces using KBR’s SCORE™  Advanced Catalytic Olefins (ACO™) technology  Veba Combi-Cracker (VCC)  Awarded FEED for high-density polyethylene project  Transport Gasifier (TRIG™) for INEOS  Working on FEED for fertilizer complex for Ohio  Selective Cracking Optimum Recovery Valley Resources (SCORE™)  Design, construction and technology for ethylene  Ammonia Technology (Purifier™) furnace for INEOS Expanding Share of Wallet for Oil & Gas Middle East Remains Robust for  Expansion opportunities at Shah Deniz 2 project in Caspian for EPCm for both onshore and offshore Downstream  KBR-AMCDE joint venture increasing work volumes  Sadara Petrochemical Complex PMC FLNG Opportunities  Yanbu Export Refinery  FLNG Study for Hoegh LNG; GDF SUEZ Bonaparte  Jazan Refinery FEED for Gasifier unit 7

Services Canada Operations Industrial Services  Strong across variety of markets:  Steady and consistent performance  Turnarounds / maintenance  Successful expansion into Saudi Arabia with SATORP to provide maintenance services at its  Module fabrication Jubail refinery over the next seven years  Construction projects in Alberta Oil Sands  Gas processing projects in Western Canada  Client camp support Building Group  Steam-assisted gravity drainage (SAGD)  Challenging but stabilizing business environment  Project awards grew 50% in 2012 compared to 2011  Booked approximately $1 billion in backlog in 2012  Stronger multi-family residential and industrial manufacturing markets  Recently awarded:  3-year turnaround services contract for Suncor Energy’s refinery in Edmonton, AB, Canada U.S. Construction  Off-site modularization and pipe fabrication for  3 Gulf Coast projects’ execution consistent with Shell Canada’s Quest Carbon Capture and Storage project project provisions taken in fourth quarter 2012  Bidding only reimbursable work for construction only projects  Job income up 137% in 2Q13 versus year-ago period 8

Infrastructure, Government & Power North American Government & Logistics Power & Industrial  Slower award environment due to government budget  Air quality & combined cycle opportunities still strong uncertainties and sequestration  Awarded EPC for $460 million Ghent Baghouse  Awarded $134 million contract for land-based missile project for Kentucky Utilities defense facilities in Romania  Currently have several multi-$100 million projects out  Awarded $127 million contract for Djibouti Base for bid or anticipate bidding in 2013 Operations Services  Diverse portfolio of pursuits (U.S. Army, Navy, and Air Infrastructure Force, Army Corps of Engineers, Department of State)  Expanded opportunities in Middle East market (Qatar, Saudi Arabia, Oman, UAE and Iraq) International Government, Defence &  Slower spending for government-sponsored projects Support Services in Australia and the United States  Recently awarded contract by the London Mayor’s Office for Policing and Crime to provide facilities management integrator services Minerals  Additional opportunities to expand services to other  Challenged environment relative to new opportunities Metro London and U.K. policing departments  Several early-stage studies in progress  Diversification strategy from contingency operations  Training (military and non-military)  Expeditionary life support services  Back office services  Equipment facilitation 9