WOOD GROUP (JOHN) PLC - Revised Reportable Segments – Historical Analysis

Mittwoch, 30.11.2016 08:05 von

PR Newswire

30 November 2016

Revised Reportable Segments – Historical Analysis

Following the reorganisation and repositioning of Wood Group during 2016, and as announced at the interim results on 16 August, Wood Group will change its reporting to align reportable segments with our new operating structure effective July 2016.

The new operating structure reflects a move to an organisation defined by service provision in response to customer requirements. Our effectiveness will be increased by enabling easier customer engagement, and Wood Group will be better positioned to leverage our proven track record and technical independence to develop smart solutions.  

Results for the year ended 31 December 2016 will comprise three reportable segments, being; Asset Life Cycle Solutions West, Asset Life Cycle Solutions East and Specialist Technical Solutions.

A historical analysis of financial performance under our old and revised reportable segments from 2012 to H1 2016 is presented below. Revenue and EBITA figures are presented on a proportionally consolidated basis which is the basis used by management to run the business and include the contribution from joint ventures.

There will be a short web based presentation for analysts at 8:30am today hosted by Wood Group IR. Please see web address and dial in details below. The presentation will recap the commercial rationale for our reorganisation and the mapping of the old to new reportable segments. A replay of the presentation and a copy of the materials will be available on the investor relations section of our website later today.

2012 ($m) 2013 ($m) 2014 ($m) 2015 ($m) 1H 2016 ($m)
Revenue EBITA Margin Revenue EBITA Margin Revenue EBITA Margin Revenue EBITA Margin Revenue EBITA Margin
Old Segments
PSN Production Services 3,713 209 5.6% 4,018 265 6.6% 4,636 342 7.4% 3,448 258 7.5% 1,556 89 5.7%
Engineering 1,788 220 12.3% 1,986 247 12.5% 2,131 232 10.9% 1,729 215 12.4% 701 80 11.5%
Turbine Activities 1,317 85 6.4% 1,052 78 7.4% 850 33 3.9% 676 44 6.5% 302 13 4.5%
Central costs (52) (57) (57) (47) (17)
6,818 461 6.8% 7,055 533 7.6% 7,616 550 7.2% 5,852 470 8.0% 2,559 166 6.5%
Revised Segments
Asset Life Cycle Solutions West 2,166 201 9.3% 2,399 256 10.7% 2,798 271 9.7% 2,121 208 9.8% 1,051 78 7.4%
Asset Life Cycle Solutions East 4,000 213 5.3% 3,938 221 5.6% 4,099 221 5.4% 3,145 217 6.9% 1,251 71 5.7%
Specialist Technical Solutions 651 100 15.3% 717 113 15.8% 719 116 16.1% 586 92 15.7% 257 33 13.0%
Central costs (52) (57) (57) (47) (17)
Reported 6,818 461 6.8% 7,055 533 7.6% 7,616 550 7.2% 5,852 470 8.0% 2,559 166 6.5%

The links to the web based presentation at 8:30am and instructions covering how analysts can ask questions can be found on the investor relations pages under the financial events calendar here:

https://www.woodgroup.com/investors/financial-information/financial-events-calendar

Alternatively, the webcast can be accessed directly at http://edge.media-server.com/m/p/cirree55

Attendee dial—in:

Confirmation Code:  7090039

   

Participants,  Local - London, United Kingdom: +44(0)20 3427 1900
Participants,  National free phone - United Kingdom: 0800 279 5004
Participants,  Local - New York, United States of America: +1646 254 3364
Participants,  National free phone - United States of America: 1877 280 2296
Participants,  Local - Paris, France: +33(0)1 76 77 22 26
Participants,  National free phone - France: 0805 631 580
Participants,  Local - Berlin, Germany: +49(0)30 3001 90538
Participants,  National free phone - Germany: 0800 589 2673
Participants,  Local - Milan, Italy: +3902 3600 9866
Participants,  National free phone - Italy: 800 145 655

Notes:

For further information contact: 

Wood Group
Andrew Rose – Group Head of Investor Relations                                            01224 851 000

Brunswick
Patrick Handley                                                                                            020 7404 5959
Charles Pemberton