North American consultancy marketsDean FoxDean FoxCEO, North America

26 September 2012

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Summary

North American market is the largest market in the world … we have less than 1% market share%

OpportunitiesNext stageInitial focus

Improve operational performance

Continue operational excellence

Focus on differentiated markets – tolls, metro/rail

d i tiReduce overhead

Streamline operations

Leverage Atkins’ worldwide resources

U d t k i t t i

and aviation

Focus resources on selected Federal, water

Undertake investment in key markets/regions

,and energy markets

Expand regionally – West and Northeastand Northeast

North American design and engineering $market is worth $80bn pa

General Industrial & other buildings

21%

W t &

other 13%

Transportation

Water & environment

19%

20%

Energy27%

3Source: Engineering News Record (ENR) – Top 500 US design firms .

Emerging ‘mega regions’ in North America

Northeast$3.4bn market Atkins Market share nm Atkins #84 in ENR

California$3.5bn market Atkins Market share 1% Atkins #23 in ENR

Florida$1.4bn market Atkins Market share 11%

Texas$2.5bn market Atkins

Mega Regions North EastSouth East FloridaMid W t

Atkins regionsWest RegionMidwest regionSouthwest RegionN th t R i

MountainSouth WestSouthern CaliN th C li

Market share 11% Atkins #2 in ENR

4Source: www.america2050.org

$Market share 4% Atkins #7 in ENR

Mid West Gulf Coast Texas

Northeast RegionSoutheast

Northern CaliNorth West

We have a range of end clients

Revenue by sectorRevenue by client type

Other 10%

Private sector 25% Buildings 9%25%

Public Sector: Local Transportation 56%Water &

environment 25%

Public Sector: Local Government 65%Public Sector:

National Government 10%

Transportation 56%

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Initial focus on improving performance

Initial focus has been on:● Improving operational performance7.0%

Consultancy operating marginImproving operational performance

● Reducing overhead● Streamlining operations5.7%

6.6%6.0%

4.1%4.0%

5.0%

2.0%

3.0%

1.0%

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0.0%Pre ownership* 2010/11 2011/12

* Year ended 30 September 2009, source: SEC filing

Market funding dynamics are changing

North American infrastructure needs solutions for inadequate public funding● Need for 2.5x current spending levels in transportation alonep g p● Solutions such as increased tolling, user fee discussions, etc ● Special sales tax solutions by State and local public agencies● Increasing interest in Public-Private Partnerships for developer-funded solutions

to reduce one-time costs for public clients

Design-Bid-Build

7Source: U.S. Dept of Transportation, 2011 and RS Means Business Solutions

Transportation

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Transportation market is large and well-funded

Revenue analysis Market drivers

Rail & transit 6% • $16bn transparent market

• Ageing infrastructure• Increased population and urbanisation

Aviation 18%

• Increased population and urbanisation in mega regions – areas where we have a presenceE i

Tolls 15%

• Economic recovery• Passage of transportation bill (HR 7)• Need for asset management and

Highways & bridges

61%

grenewal – relatively untapped market

• Different funding models emerging, egself help counties in California

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self help counties in California

We are well placed in Transportation

ENR ranking no 11 (up from 12 in 2011) Deep knowledge of regional markets and

Position Differentiators

ENR ranking no 11 (up from 12 in 2011)

1,200 employees

Over 90% of work is qualification-based

Deep knowledge of regional markets and clients, eg Florida

Strong brand in growing markets in Texas Nevada and ColoradoOver 90% of work is qualification based

selection

25% of revenue to sub contractors driven by government procurement policy

Texas, Nevada and Colorado

Strong resume in key skill areas in Intelligent Transport Systems, tolls,

i tiby government procurement policy aviation

Ability to leverage the Atkins worldwide skill base eg rail, bridge engineering

Strong programme management capability

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There are prospects for growth on two complementary vectors

Target to become Top 10 player in North America• Current #11 $288m

Top transportation companiesAECOM $2.1bn

Expand geographically • California a $1bn market, largest in North America where

we have 1.5% share$

URS $1.6bn

Parsons Brinkerhoff $1.0bn

CH2M Hill $852m• Northeast a $1.5bn market with attractive segmentsFocus on opportunities where skills provide differentiation• Tolling and traffic management

$

HNTB $814m

Jacobs $755m

HDR $586m• Transit/rail• Aviation• Alternative financing and delivery – public-private

HDR $586m

Parsons $483m

STV Group $363m

L i B $342 partnerships (PPP) and design-buildLouis Berger $342m

Atkins $288m

11Source: Engineering News Record 2012, ranked by transport revenue

Transit and rail opportunities emerging in th i ill d G killthe mega regions will draw on Group skills

$55bn public transit industry providing $3bn

Opportunities Leveraging skills

Asset management and safety engineering in$55bn public transit industry providing $3bn pa engineering services market

Mix of legacy aged infrastructure upgrade and renewal and new build markets (eg California

Asset management and safety engineering in older metros

Systems engineering in traction power, signalling and train control comms andrenewal and new build markets (eg California

high speed rail)

$400m spend on rail systems where there is a significant shortage in key skills in rail

signalling and train control, comms and operations – possible adoption of European standards eg ERTMS

Systems engineering opens wider g g ysystems – a key Atkins strength

Developing systems integration resources in Northeast and West

y g g popportunities in core railway engineering

Builds on deep capability in the UK, Bangalore, Hong Kong and Denmark.

12Source: APTA: American Public Transportation AssociationERTMS: European Rail Traffic Management System

Our aviation practice is well-positioned in j ti ith th id G bilitconjunction with the wider Group capability…

Safety and security

Airfield design

Terminal design

ycommunications UK Mechanical,

electrical &gNorth America

Asia Pacific

electrical & process and fuelling Middle EastMiddle East

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… to pursue the target rich environment

Region 2011 2012 2013-16

North American consultancy market is worth $1.6bn

Capital expenditure by region ($bn)

Region 2011 2012 2013 16Africa 0.7 1.6 8.4

Asia-Pacific 5.3 5.8 42.0

Europe 10 2 13 2 44 6

Atkins #13 with $44m revenue

Our key engineering capability in sub specialism of airfield and apronEurope 10.2 13.2 44.6

Latin America 2.5 3.9 10.7

North America 10.8 9.8 29.2

W ld id 29 5 34 3 134 9

sub specialism of airfield and apron engineering provides the opportunity to grow and diversify using Group skills.

Worldwide 29.5 34.3 134.9

14Source: Global aviation Architects & Engineers (AE) market sourced from Airports Council International (ACI) world market estimate extrapolated to include ME

and China; Regional information from ACI Airports Economic Survey. Global aviation AE market worth $6.2bn and ENR

Philadelphia International Airport, Pennsylvania

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Design & Engineering

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Design & Engineering

• Infrastructure investments driven by population growth and ageing assets• More reuse/repurposing/rehabilitation of existing assetsMarket drivers More reuse/repurposing/rehabilitation of existing assets• Outsourcing of professional engineering services in all sectors

• $140m revenue

Market drivers

$140m revenue • 690 staff from east to west coast• Industry size¹: North American market exceeds $30bn for facility and

infrastructure design

Positioning

• Multi-disciplinary service offerings• Innovative client focused solutions in the Southeast, Mid-Atlantic, Texas

and CaliforniaDifferentiators

and California

• Focused on regional growth in California Texas and Northeast throughKey

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• Focused on regional growth in California, Texas and Northeast through strategic hires to create hub offices and expanded service offerings

Key opportunities

¹ Source: ENR

Design & Engineering

Vopak Rail Expansion Deer Park, Texas

18The Statue of Liberty, New York

Design & Engineering

The Wizarding World of Harry Potter, Florida

19Fort Belvoir, Virginia

Water & Environment

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Water & Environment

• Constrained critical natural resources and demand in mega regions with strong regulatory regime to ensure environmental qualityMarket drivers • Opportunities in the water/energy nexus and on demand side infrastructure

• $81m revenue

Market drivers

$81m revenue • 460 staff from east to west coast • Industry size¹: Water $5.4bn, Wastewater $5.2bn and Environmental

$4.8bn

Positioning

• Engineering and science capabilities with advanced technology • Strong reputation in coastal science and restoration, flood mapping and

management and permitting in the Southeast Texas and CaliforniaDifferentiators

management and permitting in the Southeast, Texas and California

• Focused on growth in Texas water resources Key

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g• Shale oil and gas development in the Northeast, Colorado and Texas• Gulf of Mexico coastal restoration

Key opportunities

¹ Source: ENR

Water & Environment

Pineywoods Mitigation Bank, Texas

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FEMA IDIQ for Risk MAP Production and Technical Services, Nationwide

Water & Environment

Little Patuxent Water Reclamation Plant, MarylandMaryland

23Elwha River Fish, Hatchery Washington

Summary

Focusing on operational excellence and improving financial performancep● Margin progression

Leveraging Atkins’ worldwide capabilities● Tolls, rail and aviation

Growing in an opportunity rich environmentg y● Key focus areas: transportation, water, energy● Scope to expand geographic footprint.

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The presentation contains indications of likely future developments and other forward-looking t t t th t bj t t i k f t i t d ith th thi th i dstatements that are subject to risk factors associated with, among other things, the economic and

business circumstances occurring from time to time in the countries, sectors and business segments in which the Group operates. These and other factors could adversely affect the Group’s results, strategy and prospects. Forward-looking statements involve risks, uncertainties and assumptions. They relate to events and/or depend on circumstances in the future which could cause actual results and outcomesto events and/or depend on circumstances in the future which could cause actual results and outcomes to differ materially from those currently anticipated. No obligation is assumed to update any forward-looking statements, whether as a result of new information, future events or otherwise.

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