Becoming the Most Advanced in Project Management Services. Dovre Group Plc Strategy Presentation

Transcription

1 Becoming the Most Advanced in Project Management Services Dovre Group Plc Strategy Presentation February 14, 2013

2 Dovre Group up to Jan Dovre Group is a global provider of project management services and software. Dovre Group consists of three divisions: Project Personnel, Consulting, and Software. Project Personnel Business Area offers project professionals for large complex projects Consulting Business Area offers management and project management consulting services Software Business Area offers software for project management Norway Canada Russia & Australia Proha renamed Dovre Group Middle-East SEA acquisition & investment Organizational changes First dividend payout Entering to biorenewables Legal restructuring completed

3 We are well positioned for the market needs Our strengths Project Management competence for complex projects In-depth understanding of energy markets Established vendor in global growth markets 3

4 Agenda Dovre Group s performance Global market trends Developing Dovre Group further Long term financial objectives ( ) 4

5 We have continued to perform strongly MEUR Net sales ** MEUR 4 3 Operating Profit, excl one-time items ** % 4% 3% * 2012 * Operating Profit %, excl one-time items ** % 15% 10% Return on equity % 2% 5% 1% 0% -1% % -5% -10% *Includes reimbursable expenses due to reclassification (IFRS) ** Software presented as discontinuing operations in 2011 and 2012, excluded from Net Sales and Operating Profit. 5

6 Recent key achievements Successful turnaround towards profitable growth - all business areas strongly growing with profitability beyond industry average Long-term frame agreement with major international oil company Expansion into BioRenewables Acquisition of minority stake in Singapore based renewable energy project developer company Equity investment in an Indonesian renewable energy producer 6

7 Agenda Dovre Group s performance Global market trends Developing Dovre Group further Long term financial objectives ( ) 7

8 Driving trends Rising energy demand Growing need for renewable and sustainable energy Global mobility of professionals Internet continues to reshape recruiting Growing need for Project Professionals and Services New opportunities in Renewable Energy New methods to attract professionals 8

9 Growing demand for our services Cumulative upstream investments Renewable capacity installed, ($bn) Source: Wood MacKenzie, 2011 Source: Bloomberg New Energy Finance Global energy demand will be almost 35 % higher in 2030 than it was in 2005 according to ExxonMobil 9

10 We will benefit from market and Internet growth Need for Oil & Gas professionals is increasing Online will be most important recruiting channel Employee referral marketing Company website Job portals Partnerships (e.g. universities) Online advertising Support programs for targeted Social media pages On-campus advertising Friends and families Headhunters Job fairs Company-sponsored events Temporary workers Work agencies Newspaper advertising Top 7 Source: Boston Consulting Group, World Federation of People Management Associations, 2012 Linkedin growth, index for online recruiting 1/2013: 200 M Required Source: Schlumberger Business Consulting, 2011, excludes China and oil field service companies Source: Linkedin,

11 Agenda Dovre Group s performance Global market trends Developing Dovre Group further Long term financial objectives ( ) 11

12 Our Vision Global Reach - Local Presence We will become the most advanced provider of specialized Project Management Services in energy sector globally. The foundation is our local presence, customer focus, best people and first class services. 12

13 We aim for global service business growth We provide world-class project management expertise for investment projects throughout project life-cycle Manpower, consulting and software for Project Management Project Management Services Resourcing Knowledge We aim to be a preferred partner to all players both in conventional and alternative new energy sources 13

14 Structure - Project management services Project Personnel Project professionals to large investments projects Consulting Management and project management consulting services 14

15 Our strategic programs to become most advanced Expand and strengthen Consulting business Implement new business platform for Project Personnel Build group wide excellence and strong brand 15

16 Expand and strengthen Consulting business World class Management and Project Management Consulting Services Customer intimacy, flexibility and innovativeness in services Further expansion to renewables, initial focus on biorenewables. Growth and expansion supported by reputable partners and selective M&A`s 16

17 Implement new business platform for Project Personnel Development of next generation platform with latest digital and social media capabilities Automatization of processes and self-service Data analytics driven operations Expanded talent base and more efficient operations leading to delighted customers 17

18 Build group wide excellence and strong brand One recognized Dovre Group brand Synergies between businesses Shared platforms, processes and competencies Attractive employer and preferred partner with winning culture 18

19 Agenda Dovre Group s performance Global market trends Developing Dovre Group further Long term financial objectives ( ) 19

20 Long term financial objectives ( ) Profitability Growth Our long-term financial objective is an operating result margin on the level of 5-10 % with an average annual net sales growth of more than 15% 20