Americas

10 November 2015

Group President, Americas

► In current role since 2012

► Previous roles (since 1993):

► President of Natural Resources Americas

► President, AMEC Paragon Inc.

► President, AMEC Offshore Services Inc.

► Head of Strategy and BD, AMEC Offshore

► Prior company experience: ABB Global, Fluor

► BSc in Chemical Engineering from University College London and MBA from CranfieldSchool of Management

2

Simon Naylor

How Americas fits into the global business

3

Markets Sectors Business UnitsS

trate

gy &

Bu

sin

ess D

evelo

pm

en

t

Oil & Gas

Mining

E&I

Clean

Energy

Renewables / Bioprocess

Nuclear

Transmission & Distribution

Conventional Power

Glo

ba

l P

ow

er

Gro

up

No

rth

ern

Eu

rop

e &

CIS

Am

eri

ca

s

As

ia,

Mid

dle

Ea

st,

Afr

ica

& S

ou

the

rn E

uro

pe

Water

Transport

Government

Industrial / Pharma

Upstream

Midstream

Downstream

Mining & Minerals

4

Americas geographic footprint

Regional centres of expertise and main offices

Substantial

positions in 4markets

17,000 talented

people in over 150

offices and 10countries

HoustonAtlanta

CalgaryVancouver

Santiago

Lima

Bogota

Rio de

Janeiro

Monterrey

Toronto

Saskatoon

► Largest of our business units

► 17,000 employees, regional centres of expertise

► 100+ year history in North America

► Balanced business across all four markets

► We are responding to market challenges

► Focusing on a diverse mix of markets, customers, services

► Tailoring customer offerings in each market

► Expanding into new opportunities

► We are looking to expand our presence and develop our capability

► Clean energy in the US (solar and nuclear)

► Petrochemicals and LNG

► Retooling oil sands

► Environmental consultancy

► Monetisation of US gas

► Mexico

5

Americas overview

6

► O&G: downstream growth continues

► Clean Energy reflects project delays

► Margin impacted by O&G and mining

pricing pressure

44%

26%

18%

12%

Oil & Gas Clean Energy

E&I Mining

Americas headline financials

Add a segment

and caption if

required.

Americas revenues by market

£ million 2015H1 2014H1

Oil & Gas 551 471

Mining 149 135

Clean energy 331 414

E&I 224 215

Total scope revenue 1,255 1,235

Trading profit 82 121

Trading margin 6.5% 9.8%

Order book (£bn) 2.1 2.2

AMEC + Foster Wheeler Stronger together in the Americas

► Widening our geographic footprint with a

stronger presence in Central and South

America

► Extending our services across the whole oil

and gas value chain; offshore and onshore

upstream, midstream/LNG, refining &

chemicals

► Broadening our customer base through long

term relationships with IOCs and NOCs

► Enhancing our offering in fuller scope EPC

capabilities

7

Longstanding customer relationships

8

How we deliverExecuting Excellently Every Day

► Safety – always putting safety first

► Customers – forging long-term

relationships by delivering capital-efficient

solutions

► Pursuing and securing the right projects

with the right execution strategy

► Integrating High Value Execution Centres

► Utilising integrated EPC delivery

► Robust assurance regime

► People

9

10

What we do

Full life-cycle services to

offshore and onshore oil and

gas (conventional and

unconventional, upstream,

midstream and downstream)

for greenfield, brownfield

and asset support

projects, plus

leading refining

technology

Oil & Gas

Sample key projects being executed across Americas

Project Client Services Country

Kearl Program IOL/ExxonMobil EPCM Canada

Horizon Program CNRL EPCM Canada

In situ Engineering

Services

Cenovus Energy PMC Canada

LNG Services Sempra PMC USA

Enterprise PDH Enterprise

Products

EPC USA

Upstream Offshore PEMEX Engineering

Services

Mexico

Duba Salina Cruz PEMEX EPC Mexico

Refinería de Cartagena

S.A. (Reficar)

Ecopetrol PMC Colombia

Umbrella Program Dow Chemical EPCM USA

Lower 48/Eagleford ConocoPhillips EPCM USA

Enterprise PDH, Mont Belvieu, Texas

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What we seeOil & Gas

► Downstream growth expected to continue

► Margins will continue to be impacted by

pricing pressure and more procurement

within scope

► We are looking to undertake more fuller

scope EPC project delivery

► Opportunities

► Downstream US

► Chemicals US

► In situ oil sands

► LNG in North America

► Mexico

► Growing mid/downstream business in North

America

► Robust positions in gas monetisation (including

LNG and GTL), refining and petrochemicals,

from FEED and project management services

to selective LS EPC delivery

► Market leader in mineable oil sands, with in situ

expertise

► Presence in Gulf of Mexico and Brazil

► Long standing relationships with IOCs, NOCs

and Independents

► World class track record of delivering on the

most challenging projects and assets

Business overview

12

What we do

Lifecycle mining and metals

expertise across a broad

spectrum of commodities.

Leader in projects with

significant logistical

challenges in remote

locations. Top-tier position

in consulting, materials

handling systems

and strong

environmental

and

underground

expertise

Mining

Sample key projects being executed across Americas

Project Client Commodity Services Country

Legacy K+S Potash EPCM Canada

Leeville Newmont Gold EPC USA

Molybdenum

& Rhenium

Refinery

Plant

Codelco

Mejillones

Molybdenum

& Rhenium

Engineering &

Procurement

(EP)

Chile

Esterhazy

Stage 3

Mosaic Potash EPCM Canada

Rainy River New Gold Gold EPCM Canada

Escondida BHP

Billiton

Copper EP Chile

Andina Codelco Copper EP Chile

New Mine

Level

Codelco Copper EP Chile

ADR2 &

Phase IV

Anglo

Gold

Ashanti /

Newmont

Gold EP USA

Brucejack Pretium Gold EPCM Canada

Legacy Project , Saskatchewan

13

What we seeMining

► Fewer easy-to-produce resources with lower ore grades leading to more challenging, complex and expensive developments

► New projects shifting away from open pit mines to underground mining, requiring more logistical infrastructure and upfront capital

► Mining companies pursuing innovation for sustainable cost reduction, margin improvement, project optimisation

► Low levels of activity

► Greater desire for fuller scope

► Less predictability on the path to full project release (from study phases)

► Opportunities

► Support clients with local communities, permitting and environmental requirements (E&I)

► Focus on capital efficiency and leverage EPC lump sum experience

► Underground EPCM market

► Consulting group’s early involvement on key projects

► Leading EPCM position across the Americas

► Provides mining consultancy, design, project

and construction management services as well

as materials handling systems to a range of

mining companies

► Expertise across broad spectrum of

commodities from iron ore and copper to

potash and gold

► Differentiated by top-tier positions in

international consulting, materials handling

systems and strong environmental and

underground experience

► Recognised leader in environments where

projects have significant logistical challenges

associated with remote location and difficult

access

Business overview

14

What we doClean Energy

Sample key projects being executed across Americas

Project Client Services Country

E.W. Brown

Generating Station

LG&E EPC USA

Trimble County

Power Plant

LG&E EPC USA

Brewton Project

Phoenix

Georgia-

Pacific

EPC USA

100MW solar project Confidential

client

EPC USA

Fort Benning Dove

Solar Project

US Navy/

Georgia Power

EPC USA

Various nuclear

engineering projects

Duke Energy Engineer of

Choice (EOC)

USA

Various nuclear

engineering projects

Tennessee

Valley

Authority

EOC USA

Various nuclear

engineering projects

Xcel Energy Specialty EOC USA

Darlington OPG Owner’s

Support

Services

Canada

Engineering MSA Bruce Power MSA Canada

Asset Mgmt and

Major Component

Replacement

Bruce Power Ongoing

Support

Services

Canada

Copper Mountain Solar 3, Nevada

Strong position in clean energy

market, including programme

/project management,

consultancy, engineering and

EPC for new build,

operational support and

decommissioning

services for nuclear

energy, renewable

energy, T&D,

power and

pharma /

bioprocess

*Plus additional 250MW of solar projects awarded not yet in order book

15

What we seeClean Energy

► Solar in the US

► Policy in the US appears stable for short term, anticipate projects through 2016

► Wind in the US

► Currently 100 wind projects under construction in 24 states with over $20bn private investment

► Nuclear in Canada

► Gas to power in the US

► Opportunities

► Conventional power

► US nuclear

► Duke Energy, Xcel Energy, Tennessee Valley Authority

► Working closely with E&I specialists

► Solar and bioprocess positions in the US;

nuclear and wind positions in Canada;

mid-sized LS EPC track record on Clean Energy

projects in North America

► Focused on selected market segments within the

Clean Energy market

► Nuclear – Consultancy, engineering and

project management to support the full

lifecycle of nuclear energy

► Renewables – Full service capabilities

including engineering, procurement,

construction, tie-in to the local electrical

distribution system and commissioning.

► Power – Principally serves North America; full

service capabilities, including ongoing asset

maintenance and retrofitting of existing power

facilities. Potential for synergies with GPG

► Transmission and Distribution – Focused on

gas and electricity transmission and

distribution in North America

► Pharma/Bioprocesses – Strong position in

pharmaceutial, biomass and biofuels

Business overview

16

What we do

Specialist skills in

environment and

infrastructure

including

pharmaceuticals,

bio-processing,

industrial, water,

transportation and

government

Environment & Infrastructure

Sample key projects being executed across Americas

Project Client Services Country

Ash Management

Program

Duke Energy PgM for coal

ash disposal

USA

PR8506738

Q8269 2008

Telemetry

BC Hydro EIS/EIAs Canada

Port Granby Long

Term Waste

Management

Canadian Nuclear

Laboratories

Remediation Canada

PH II MMR SOW National Guard

Bureau

Subsurface

characterization

USA

SA-6 North &

South Chromium

Honeywell Remediation USA

SIFPDC/Levees Southwestern

Illinois Flood

Prevent

Design-Build USA

RHHGP O&M Windsor Essex

Mobility Group GP

O&M Canada

Hwy 63 - Fort

Hills Access Rd

Suncor Energy Design-

Roads/Highway

Canada

BP Woodriver BP Remediation USA

ABB – Windsor

FUSRAP Support

ABB Inc Environmental

Remediation

Studies/Design

USA

Sable

Decommissioning

ExxonMobil Pre-demolition

environmental

planning and

monitoring

Canada

Moffett Field, Mountain View, California

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What we seeEnvironment & Infrastructure

► Cross-selling synergies across O&G,

mining and clean energy

► Multi-sector opportunities in water,

transportation/infrastructure, government

services, industrial/commercial

► Focus on Mexico, including planning and

permitting, geotechnical, transportation and

water

► Opportunities

► Environmental remediation

► US Government

► Leading E&I consulting, engineering and

project management firm with strong positions

in North America

► Focused on four market sectors

► Water

► Transportation/infrastructure

► Government services

► Industrial/commercial

► Network of local offices and people focused on

the following disciplines

► Environmental science and remediation

► Water resource management

► Geosciences

► Design engineering and construction

management

Business overview

► Executing excellently every day

► Geographic expansion in Mexico, South America

► Fuller-scope EPC delivery

► Safety first

► Stay lean and efficient

► Increased scale improves efficiency

► Expect margins of around 7% in medium term

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Americas priorities

AppendixProject information

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Enterprise PDH EPC contract

► Engineering, procurement, construction (EPC)

► Propane dehydrogenation (PDH) plant (gas to propylene)

► 3-year reimbursable EPC, completion 2016

► Total value >US$800m

► World’s largest dedicated propylene manufacturing plant with 750,000 t/yr output from shale derived propane

► Our value-add

► Full scope project delivery including direct construction activities

► Integrated engineering between Houston and HVEC in India

20

Imperial Oil Kearl oil sands EP contract

► Engineering, procurement,

construction support,

environmental/regulatory compliance

► Kearl Initial Development (KID) 2007-13

► Kearl Expansion Project (KEP) 2013-15

► Total value to date US$2.5bn

► Ongoing de-bottlenecking and upgrades

2015-on

► Our value-add

► Full life-cycle of project delivery from

pre-feasibility, FEED and construction

support into sustaining capex

► “Design 1:build many”

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PEMEX refinery projects

► Executing projects in 60% Pemex’s refineries

in Mexico (four of six)

► Extended FEED and procurement (reimbursable)

of long lead items for a diesel ultra-low sulphur unit

in Salina Cruz refinery, Mexico.

► Full scope EPC (fixed price) for replacement of top

and bottom un-heading devices on coke drums with

slide valves in Madero and Caldereyta refineries,

Mexico.

► Project Management Contractor (PMC)

(reimbursable) for diesel ultra-low sulphur units in

Salamanca and Madero refineries, Mexico.

► Extended FEED (fixed price) for a delayed coker

unit in Salamanca refinery, Mexico.

► Our value-add

► Local presence in Mexico supports the domestic

market pressure towards mandatory local

content

► A number of projects are related with our cutting

edge Delayed Coker technology SYDECSM

Salamanca

TulaSalina Cruz

Caldereyta

Madero

Minatitlan

22

Dow Chemical Umbrella Gulfstream Program

►Global MSA and Dow’s Gulfstream Program in the US

► LA3 Crack More Ethane project

► Reimbursable EPCm for project that will increase the facility’s ethane cracking

flexibility without reduction in current FEED flexibility

► Retrofit will increase the ethane consumption and the ethylene production

capacity

► Late Q2 2016 completion

► Location: Plaquemine LA

► SDO Gas Phase

► Reimbursable EPCm for revamp of existing polyethylene plant to increase

capacity, offtake part of the Dow Gulfstream produced ethylene and execute

complete plant instrumentation overhaul to the ABB platform

► Q4 2016 completion

► Location: Seadrift TX

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Marine Well Containment System (MWCS)

► Design and deliver components for expanded containment system for a consortium led by ExxonMobil

► Engineering design of permanent utility ship modifications

► Engineering, procurement of temporary MSFs

► Turret, offloading and hawser supply

► Fabrication and integration yard

► Project management of the integration, testing and completion of the two MWCS capture vessels

► Completion and commissioning management system

► Provision of deployment and operating manuals, and supporting training modules

► Our value-add

► Proven track record in the delivery of complex, high profile projects

► Project team’s in-depth knowledge and understanding of the industry critical project

► Total commitment to world-class safety performance and our total engineering capability.

24

K+S Potash Canada Legacy EPCM

► Engineering, procurement and

construction management (EPCM)

► EPCM for a 2.8M tpy potash solution

mine and facilities

► US$4.1 billion capital cost

► One of the world’s most economically

attractive potash projects

► Saskatchewan’s first new potash mine

in nearly 40 years

► Our value-add

► Strong potash experience

► 7 million hours worked without a lost-

time incident

25

Newmont Leeville EPC

► Engineering, procurement and

construction (EPC)

► Studies and EPC

► 2,050’ vent shaft, surface facilities,

and PFS and FS for paste backfill

plant

► Operating underground gold mine

► Newmont’s only underground

mine accessible by shaft rather

than portal

► Our value-add

► More than 200 underground

mining projects

► World renowned underground

mining specialists

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Codelco Mejillones Molybdenum & Rhenium Refinery

► Update of the feasibility study on a

new roster to extract 12,000 tpy of

molybdenum and rhenium as

byproducts at an operating copper

plant with acid plant and gas cleaning

facility

► Followed by study consolidation and

value engineering to facilitate the start

of detailed design

► Total investment cost US$400m

► Our value-add

► Complete concept-to-closure services,

from baseline studies and EIA, through

design and permitting, operation,

reclamation and closure

27

Copper Mountain Solar 3 EPC contract

► Engineering, procurement, construction

(EPC)

► 2 year fixed price contract for 250MW

solar generation facility (CMS3)

► CMS3 completed in Q2 2015

► Total value >US$500m

► 2 additional solar projects signed during

2015

► Our value-add

► Full scope project delivery

► Completed 9 months ahead of schedule

28

Louisville Gas & Electric / Kentucky UtilitiesE.W Brown Generating Station

► Engineering, procurement,

construction (EPC)

► Firm price contract

► Design-build services including

training, commissioning and

start-up

► Installation of two Pulse Jet

Fabric Filter (PJFF), associated

ductwork, & ID fans for Unit #1

► Our value-add

► Installation through

commissioning and start-up

► Long term customer relationship

29

Bruce Power Units 1 & 2 Refurbishment

► Owner’s Engineering, Construction Management and Engineering Support Services

► Refurbishment of Units 1 & 2 for additional 25 years of service

► Largest nuclear generation power site in the world (8 units) – Ontario, Canada

► Multi-year Asset Management and Major Component Replacement program under negotiation to extend life of 6 units

► Recently signed a 6-year Strategic Supplier Master Services Agreement to provide extensive range of engineering and project management services

► Our value-add

► Long term strategic customer relationship and extensive CANDU experience

► Leader in providing support to utilities entering critical and complex refurbishment projects

► Pedigree in the nuclear business can be traced back to 1955, involving the first applications of nuclear fission for commercial power generation.

30

Louisville Gas & Electric / Kentucky UtilitiesTrimble County Power Plant

► Engineering, procurement,

construction (EPC)

► Firm price contract

► Design-build services including

training, commissioning and start-up

► Installation of a Pulse Jet Fabric Filter

(PJFF), associated Ductwork, & ID

fans for Unit #1

► Installation of a 14-compartment

PJFF & associated ductwork for Unit

#3

► Our value-add

► Installation through commissioning

and start up

► Long term customer relationship

31

Louisville Gas & Electric / Kentucky Utilities10 MW solar photovoltaic plant

► Engineering, procurement, construction (EPC)

► Fixed price contract for 10 MW solar generation facility

► Expansion of conventional power work at E.W. Brown Generating Station

► Situated on around 50 acres of land at the E.W. Brown Generating Station

► Kentucky’s largest solar plant

► The facility is expected to be commercially operational by late spring 2016

► Our value-add

► Full scope project delivery

► Intimate project knowledge from current work onsite

► Strong utility-scale solar experience

INEOS BioWaste-to-Energy facility

32

►EPC facilitated scope definition, detail

design, integrated technology changes and

maintain delivery schedule

►New technology and new development

►EPC status calls to site installation team

twice a week

►20 month delivery schedule

► Our value-add

► Development/technology

► Owner’s engineers worked in our office

► Amec Foster Wheeler design engineers

worked side by side with technology on updates & changes

► Communication, coordination & plan adjustments

33

Duke Energy Coal Ash Program

► Alliance contract

► Engineering, design and construction services to assist with coal management and disposal

► Rapid response requiring collaboration of 650+ employees across 28 offices –500 task orders in 16 months

► Executed 20+ construction projects using an EPC model

► Currently developing Ash Basin Closure Plans for seven sites

► Our value-add

► Turnkey solutions for CCR regulatory compliance

► 65-year client relationship with experience at all 24 coal plants in their fleet

► Exceptional safety record; Over 350,000 man-hours with ZERO safety incidents

Coal Combustion Residuals (CCRs)

34

Canadian Nuclear Laboratories Port Hope Area Initiative Port Granby

► CAD$86.8m construction remediation contract

► Largest low-level radioactive water remediation project in Canadian history

► Relocating ~450,000 cubic meters of low-level radioactive waste and marginally contaminated soil to new, state-of-the-art facility one kilometer north of current site.

► Construction will take 4 years

► Our value-add

► Long-term client relationship – dozens of projects over the past 10 years

► Establishment as top radioactive waste remediation contractor in Canada

► Positioned well for over CAD$400m future work at nearby sites

35

Honeywell site remediation MSA

► Programme management for site

remediation

► Master services agreement (MSA),

reimbursable structure

► Signed in 2005, current 5-year

agreement run to 2017

► US$50 largest single project so far

► Total value >US$350m

► Our value-add

► Full scope remediation service: assess,

analyse, design and implement solutions

► Proven ability to reduce remediation

costs