SLIDE 1
1 AGM 2018
2 AGM 2018
AGM 2018 1 AGM 2018 Introduction Ken Hanna Chairman 2 AGM - - PowerPoint PPT Presentation
AGM 2018 1 AGM 2018 Introduction Ken Hanna Chairman 2 AGM - - PowerPoint PPT Presentation
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
SLIDE 2
SLIDE 3
3 AGM 2018
Business update Chris Weston CEO
SLIDE 4
4 AGM 2018
Group summary
Group revenue up 4%,
9% excluding Argentina
Exceptional charge of
£41 million relating to investment in our business priorities programme
Tax rate of 29% Recommended final dividend in
line with 2016
PBT in line with market expectations
Movement £m pre-exceptional items FY17 FY16 CHANGE CHANGE
excluding pass-through fuel and currency
Revenue 1,730 1,515 14% 4% Operating profit 229 248 (8)% (10)% Net interest expense (34) (27) (28)% Profit before tax 195 221 (12)% Taxation (57) (63) 9% Profit after tax 138 158 (13)% 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
SLIDE 5
5 AGM 2018
Movement
pre-exceptional items
FY17 FY16 CHANGE CHANGE
excluding currency
Revenue (£m) 720 629 15% 9% Operating profit (£m) 81 52 57% 49% Operating margin 11% 8% ROCE 12% 8% Fleet capital expenditure (£m) 55 68
Business performance
RENTAL SOLUTIONS
FY17
DIESEL
2,396
GAS UTILISATION
56% FY16
2,255
52%
% REVENUE BY SECTOR FY17
Business services & construction Petrochemical & refining Utilities Events Oil & gas Manufacturing Mining Other
21% 17% 11% 10% 9% 8% 5% 19%
FLEET
at 31 December (MW)
45%
REVENUE
(% OF GROUP excl. pass-through fuel)
SLIDE 6
6 AGM 2018
68%
Business performance
POWER SOLUTIONS INDUSTRIAL
Movement
pre-exceptional items
FY17 FY16 CHANGE CHANGE
excluding currency
Revenue (£m) 340 262 30% 20% Operating profit (£m) 55 32 71% 53% Operating margin 16% 12% ROCE 11% 7% Fleet capital expenditure (£m) 43 37
FY17
DIESEL
2,521
GAS
FY16
2,465
63%
UTILISATION
% REVENUE BY SECTOR FY17
Oil & Gas Business services & construction Events Manufacturing Utilities Mining Petrochemical & refining Other
39% 17% 11% 8% 7% 7% 2% 9%
FLEET
at 31 December (MW)
21%
REVENUE
(% OF GROUP excl. pass-through fuel)
SLIDE 7
7 AGM 2018
Business performance
Movement
pre-exceptional items & excluding pass-through fuel
FY17 FY16 CHANGE CHANGE
excluding pass- through fuel and currency
Revenue (£m) 531 564 (6)% (9)% Operating profit (£m) 96 164 (42)% (42)% Operating margin 18% 29% ROCE 10% 19% Fleet capital expenditure (£m) 148 136
POWER SOLUTIONS UTILITY
34%
FY17
DIESEL
5,004
GAS
FLEET
at 31 December (MW) 74% FY16
4,947
79%
HFO UTILISATION
Utilities Oil & gas Mining Manufacturing Other
83% 7% 6% 3%
% REVENUE BY SECTOR FY17
1%
REVENUE
(% OF GROUP excl. pass-through fuel)
SLIDE 8
8 AGM 2018
How we see our business today
Making a massive difference for our customers and the communities we serve People & Always Orange
8 Results Presentation March 2018
Technology Efficiency Customer Aggreko is a customer focused specialist provider of power, temperature control and energy services on a global basis
SLIDE 9
9 AGM 2018
What we have done
Introduced a sector focus
Removed over £100 million in costs
Fleet rationalisation and redeployment
Rebuilt the customer journey in Rental Solutions
−
New systems deployed to improve service
Selective bolt-on acquisitions, primarily in Rental Solutions
Introduced the Market Intelligence Platform in Power Solutions Utility
Introduced several new products, optimised to reduce the total cost of energy
Going forward
Deploy the systems used in Rental Solutions across the business
−
Use new systems, remote monitoring and data analytics to drive efficiency
Increase utilisation to optimum levels
Drive to higher value, complex solutions in Rental Solutions and Industrial
Introduce e commerce to Rental Solutions markets
Develop sales discipline in Power Solutions Utility
Continue the drive to reduce receivables in Power Solutions Utility
SLIDE 10
10 AGM 2018
The future: energy markets are transforming
Our digitalisation
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
Cloud based data analytics Energy market interface (where applicable)
SLIDE 11
11 AGM 2018
\\\\\\\\
Added capabilities to enhance our skills
− Younicos brings software to smoothly manage integration of
thermal, renewable and storage
Opportunity as renewables grow and need to be integrated
− Off grid & microgrid − Commercial & Industrial behind the meter − Improve efficiency: driving down cost for customers, and through
- wn use
The future: energy markets are transforming
Decarbonisation, decentralisation and digitalisation are changing the ways we generate and consume energy, globally
11
SLIDE 12
12 AGM 2018
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
Summary
12 AGM 2018
SLIDE 13
13 AGM 2018
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 AGM 2018
SLIDE 14
14 AGM 2018
AGM
2018
SLIDE 15
15 AGM 2018
RESOLUTION 1
Ordinary resolution
To receive the for the year ended 31 December 2017
reports of the Directors and Auditors and to adopt the Company’s accounts
SLIDE 16
16 AGM 2018
RESOLUTION 1
Ordinary resolution
Total votes cast Votes withheld
% of issued share capital
In favour Against
% of votes cast VOTES
99.93% 0.07%
186,380,364 4,110,452
72.77% 1.60%
reports of the Directors and Auditors and to adopt the Company’s accounts
To receive the for the year ended 31 December 2017
SLIDE 17
17 AGM 2018
RESOLUTION 2
Ordinary resolution
To approve the for the year ended 31 December 2017
Annual Statement and Report on Remuneration
SLIDE 18
18 AGM 2018
RESOLUTION 2
To approve the for the year ended 31 December 2017
Ordinary resolution
Total votes cast Votes withheld
% of issued share capital
In favour Against
% of votes cast VOTES
93.41% 6.59%
188,720,383 1,770,432
73.68% 0.69%
Annual Statement and Report on Remuneration
SLIDE 19
19 AGM 2018
RESOLUTION 3
To approve the
Ordinary resolution
Directors’ Remuneration Policy
SLIDE 20
20 AGM 2018
RESOLUTION 3
Ordinary resolution
Total votes cast Votes withheld
% of issued share capital
In favour Against
% of votes cast VOTES
98.63% 1.37%
190,469,913 20,902
74.36% 0.01%
To approve the
Directors’ Remuneration Policy
SLIDE 21
21 AGM 2018
RESOLUTION 4
To approve the
Final dividend
for the year ended 31 December 2017 of
17.74 pence
per ordinary share
Ordinary resolution
SLIDE 22
22 AGM 2018
RESOLUTION 4
To approve the
Final dividend
for the year ended 31 December 2017 of
17.74 pence
per ordinary share
Ordinary resolution
Total votes cast Votes withheld
% of issued share capital
In favour Against
% of votes cast VOTES
99.99% 0.01%
190,490,048 768
74.37% 0.00%
SLIDE 23
23 AGM 2018
RESOLUTION 5
To elect
Heath Drewett
as a Director of the Company
Ordinary resolution
SLIDE 24
24 AGM 2018
RESOLUTION 5
To elect
Heath Drewett
as a Director of the Company
Ordinary resolution
Total votes cast Votes withheld
% of issued share capital
In favour Against
% of votes cast VOTES
97.97% 2.03%
190,479,424 11,392
74.37% 0.00%
SLIDE 25
25 AGM 2018
RESOLUTION 6
To re-elect
Ken Hanna
as a Director of the Company
Ordinary resolution
SLIDE 26
26 AGM 2018
RESOLUTION 6
To re-elect
Ken Hanna
as a Director of the Company
Ordinary resolution
Total votes cast Votes withheld
% of issued share capital
In favour Against
% of votes cast VOTES
99.74% 0.26%
190,295,688 195,128
74.30% 0.07%
SLIDE 27
27 AGM 2018
RESOLUTION 7
To re-elect
Chris Weston
as a Director of the Company
Ordinary resolution
SLIDE 28
28 AGM 2018
RESOLUTION 7
To re-elect
Chris Weston
as a Director of the Company
Ordinary resolution
Total votes cast Votes withheld
% of issued share capital
In favour Against
% of votes cast VOTES
99.98% 0.02%
190,478,148 12,668
74.37% 0.00%
SLIDE 29
29 AGM 2018
RESOLUTION 8
To re-elect
Dame Nicola Brewer
as a Director of the Company
Ordinary resolution
SLIDE 30
30 AGM 2018
RESOLUTION 8
To re-elect
Dame Nicola Brewer
as a Director of the Company
Ordinary resolution
Total votes cast Votes withheld
% of issued share capital
In favour Against
% of votes cast VOTES
99.96% 0.04%
190,483,740 7,076
74.37% 0.00%
SLIDE 31
31 AGM 2018
RESOLUTION 9
To re-elect
Barbara Jeremiah
as a Director of the Company
Ordinary resolution
SLIDE 32
32 AGM 2018
RESOLUTION 9
To re-elect
Barbara Jeremiah
as a Director of the Company
Ordinary resolution
Total votes cast Votes withheld
% of issued share capital
In favour Against
% of votes cast VOTES
97.61% 2.39%
190,478,366 12,450
74.37% 0.00%
SLIDE 33
33 AGM 2018
RESOLUTION 10
To re-elect
Uwe Krueger
as a Director of the Company
Ordinary resolution
SLIDE 34
34 AGM 2018
RESOLUTION 10
To re-elect
Uwe Krueger
as a Director of the Company
Ordinary resolution
Total votes cast Votes withheld
% of issued share capital
In favour Against
% of votes cast VOTES
99.53% 0.47%
190,476,982 13,833
74.37% 0.00%
SLIDE 35
35 AGM 2018
RESOLUTION 11
To re-elect
Diana Layfield
as a Director of the Company
Ordinary resolution
SLIDE 36
36 AGM 2018
RESOLUTION 11
To re-elect
Diana Layfield
as a Director of the Company
Ordinary resolution
Total votes cast Votes withheld
% of issued share capital
In favour Against
% of votes cast VOTES
99.96% 0.04%
190,477,520 13,296
74.37% 0.00%
SLIDE 37
37 AGM 2018
RESOLUTION 12
To re-elect
Ian Marchant
as a Director of the Company
Ordinary resolution
SLIDE 38
38 AGM 2018
RESOLUTION 12
To re-elect
Ian Marchant
as a Director of the Company
Ordinary resolution
Total votes cast Votes withheld
% of issued share capital
In favour Against
% of votes cast VOTES
99.88% 0.12%
190,476,310 14,506
74.37% 0.00%
SLIDE 39
39 AGM 2018
RESOLUTION 13
To re-elect
Miles Roberts
as a Director of the Company
Ordinary resolution
SLIDE 40
40 AGM 2018
RESOLUTION 13
To re-elect
Miles Roberts
as a Director of the Company
Ordinary resolution
Total votes cast Votes withheld
% of issued share capital
In favour Against
% of votes cast VOTES
99.96% 0.04%
190,476,076 14,740
74.37% 0.00%
SLIDE 41
41 AGM 2018
RESOLUTION 14
To re-appoint
KPMG
as Auditor of the Company
Ordinary resolution
SLIDE 42
42 AGM 2018
RESOLUTION 14
To re-appoint
KPMG
as Auditor of the Company
Ordinary resolution
Total votes cast Votes withheld
% of issued share capital
In favour Against
% of votes cast VOTES
99.90% 0.10%
190,484,336 6,480
74.37% 0.00%
SLIDE 43
43 AGM 2018
RESOLUTION 15
To authorise the Audit Committee of the Board to determine the
Ordinary resolution
Remuneration
- f the Company’s Auditor
SLIDE 44
44 AGM 2018
RESOLUTION 15
To authorise the Audit Committee of the Board to determine the
Ordinary resolution
Total votes cast Votes withheld
% of issued share capital
In favour Against
% of votes cast VOTES
99.99% 0.01%
190,485,234 5,582
74.37% 0.00%
Remuneration
- f the Company’s Auditor
SLIDE 45
45 AGM 2018
RESOLUTION 16
The authority for
Ordinary resolution
Directors to allot ordinary shares
SLIDE 46
46 AGM 2018
RESOLUTION 16
The authority for
Ordinary resolution
Total votes cast Votes withheld
% of issued share capital
In favour Against
% of votes cast VOTES
91.14% 8.86%
190,479,291 11,525
74.37% 0.00%
Directors to allot ordinary shares
SLIDE 47
47 AGM 2018
RESOLUTION 17
Special resolution
To approve the
Disapplication
- f statutory
pre-emption rights
SLIDE 48
48 AGM 2018
RESOLUTION 17
Special resolution
Total votes cast Votes withheld
% of issued share capital
In favour Against
% of votes cast VOTES
92.70% 7.30%
190,475,327 15,489
74.37% 0.00%
To approve the
Disapplication
- f statutory
pre-emption rights
SLIDE 49
49 AGM 2018
RESOLUTION 18
Special resolution
To approve the
Additional disapplication
- f statutory
pre-emption rights
SLIDE 50
50 AGM 2018
RESOLUTION 18
Special resolution
Total votes cast Votes withheld
% of issued share capital
In favour Against
% of votes cast VOTES
85.91% 14.09%
190,474,757 16,058
74.37% 0.00%
To approve the
Additional disapplication
- f statutory
pre-emption rights
SLIDE 51
51 AGM 2018
RESOLUTION 19
Special resolution
To authorise the Company to
Purchase Ordinary Shares in the capital of the Company
SLIDE 52
52 AGM 2018
RESOLUTION 19
Special resolution
Total votes cast Votes withheld
% of issued share capital
In favour Against
% of votes cast VOTES
99.54% 0.46%
190,447,105 43,710
74.36% 0.01%
To authorise the Company to
Purchase Ordinary Shares in the capital of the Company
SLIDE 53
53 AGM 2018
RESOLUTION 20
Special resolution
That a
General meeting of the
Company (other than an AGM)
may be called on not less than 14 clear days’ notice
SLIDE 54
54 AGM 2018
RESOLUTION 20
Special resolution
Total votes cast Votes withheld
% of issued share capital
In favour Against
% of votes cast VOTES
93.87% 6.13%
190,487,806 3,010
74.37% 0.00%
That a
General meeting of the
Company (other than an AGM)
may be called on not less than 14 clear days’ notice
SLIDE 55
55 AGM 2018
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.
55 AGM 2018
SLIDE 56
56 AGM 2018
Disclaimer
The information contained in this presentation has largely been extracted from the Results Announcement for the year ended 31 December 2017. This presentation may contain certain “forward-looking” statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. Actual outcomes and results may differ materially from any
- utcomes or results expressed or implied by such forward-looking statements. Any forward-looking statements made by or on behalf of
Aggreko speak only as of the date they are made and no representation or warranty is given in relation to them, including as to their completeness or accuracy or the basis on which they were prepared. This presentation is published solely for information purposes. The distribution of this presentation in jurisdictions other than the UK may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the UK should inform themselves about, and observe, any applicable requirements. All opinions expressed in this presentation are subject to change without notice and may differ from opinions expressed elsewhere.