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TD Newcrest’s Engineering & Construction conference

TD Newcrest’s Engineering & Construction conference. Simon Naylor, AMEC President, Natural Resources Americas. 29 March 2011. Important information.

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TD Newcrest’s Engineering & Construction conference

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  1. TD Newcrest’s Engineering & Construction conference Simon Naylor, AMECPresident, Natural Resources Americas 29 March 2011

  2. Important information Certain statements in this presentation are forward looking statements. By their nature, forward looking statements involve a number of risks, uncertainties or assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward looking statements. These risks, uncertainties or assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Forward looking statements contained in this presentation regarding past trends or activities should not be taken as representation that such trends or activities will continue in the future. You should not place undue reliance on forward looking statements, which apply only as of the date of this presentation. This presentation does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase any shares in the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment or investment decisions relating thereto, nor does it constitute a recommendation regarding the shares of the Company. Past performance cannot be relied upon as a guide to future performance.

  3. AMEC at a glanceKey facts Providing services in Canada for over 100 years • FTSE 100 company Market cap* c. $5.7 billion (£3.6 billion) • Sector classification Oil equipment and services • Turnover $4.7 billion (£2.95 billion) • Employees c. 22,000 • Locations over 40 countries • Average net cash** c. $1,125million (£740 million) * As at 18 March 2011, translated at same date ** As at 31 December 2010. All $ figures shown are Canadian dollars AMEC at a glance AMEC in Canada 2010 Financials Priorities for V2015

  4. High-value, low-risk business model AMEC at a glance Investment case • Clarity of vision • High quality customer relationships • Leading positions in long-term growth markets • Low risk business model • High-value services • Asset light • Cost-plus / reimburseable contracting style • Capex/Opex mix • Services across asset life (new build, asset support, decommissioning) • Flexibility from balance sheet strength AMEC at a glance AMEC in Canada 2010 Financials Priorities for V2015

  5. Delivering services across high-growth sectors AMEC at a glance Core services and sectors Revenue by sector (2010) • Focused on delivering similar high-value services, across the asset life cycle, in select core sectors • Services: consulting, engineering, project management • Sectors: oil & gas, minerals & metals, clean energy, environment & water • Well positioned and growing in high-growth sectors Oil & Gas Minerals & Metals Clean Energy Environmental & Water Government services: 6% Transport/Infrastructure: 3% Industrial/Commercial: 3% Water/Municipal: 3% Oil & Gas: 24% Transmission & Distribution: 4% Power: 8% 2010 Revenue: $4.7bn Renewables / Bioprocess: 9% Nuclear*: 9% Unconventional Oil & Gas: 20% Minerals & Metals: 11% * Does not include the ‘equity accounted’ Sellafield decommissioning contract AMEC at a glance AMEC in Canada 2010 Financials Priorities for V2015

  6. Expansion focused on both ‘growth regions’ and established markets AMEC at a glance Geographic footprint Geographic expansion (2010-2015) Revenue by geography (2010) Current locations Established markets Growth regions Canada UK USA ROW 2010 Revenue: $4.7bn AMEC at a glance AMEC in Canada 2010 Financials Priorities for V2015

  7. Strong position in Canada – over 7,000 people AMEC in Canada Positioned across all sectors • Current contracts • ExxonMobil: Sable project 10 yrs of facilities support, offshore Nova Scotia • Imperial Oil Limited: Kearl oil sands project (EPCM) Northern Alberta • Syncrude Resources: Aurora/Mildred Lake (Study & FEED services), Alberta Oil & Gas Minerals & Metals Clean Energy Environmental & Water • Potash Corp: Lanigan, Cory, Rocanville and Piccadilly expansion programs, Saskatchewan • Thompson Creek Metals: Mt Milligan copper-gold project, (EPCM), British Columbia • Northgate Minerals Corporation: Young-Davidson gold project, Ontario • Detour Gold Corporation: Detour lake gold project (PMC), Ontario • New Gold: New Afton BC project, British Columbia • Kruger Energy Inc: Chatham wind power project (EPCM), Ontario • Bruce Power: Bruce Re-start project (PM, engineering, consultancy services), Ontario • BIOX Corporation: new bio diesel facility (EPCM) at Hamilton, Ontario • BCTC: upgrade to transmission and distribution network, British Columbia • Enbridge: Enbridge Northern Gateway Piepline (Geotechnical, water resources, environmental), Edmonton to Kitimat AMEC at a glance AMEC in Canada 2010 Financials Priorities for V2015

  8. 2010 financials Strong performance Operational strength and continued growth • Strong operating performance • Revenue up 16%, organic growth in all three divisions • EBITA margin 9.2%, up 100 basis points • Order book strong • Order intake up 25%+ • Delivering Vision 2015 • Customers, people, growth • Dividend per share up 50%, confidence in future • Progressive dividend policy to be maintained AMEC at a glance AMEC in Canada 2010 Financials Priorities for V2015

  9. Vision 2015 Focus on growth • Enhancing our capabilities • Enhancing our geographic footprint • Integrated approach Capital Structure • More efficient capital structure • Increased acquisitions • Shareholder distributions Employees • Strengthening our people • Harmonising tools and processes Customers, people, growth – OneAMEC >100p EPS* • * Diluted EPS 2015 AMEC at a glance AMEC in Canada 2010 Financials Priorities for V2015

  10. Increased industry investment in core markets Strategic priorities Diversified portfolio - focused on growth* Clean Energy Oil & Gas • Oil demand forecast to increase from 84 mb/d (2009) to 99 mb/d (2035)which in turn requires 9bbl/yr of new discoveries** Worldwide electricity production forecast to increase from 2,731 TWh (2008) to 4,900TWh (2015)** • Nuclear (5-7%) • Renewables/bioprocess (8-10%) • Power (3-5%) • Transmission & Distribution (4-6%) • Oil & Gas (8-10%) • Unconventional (5-7%) Minerals & Metals Environmental & Water Growth in environmental legislation – increasing use of brownfield sites, exploration of environmentally sensitive regions, and recognition of water issues • Increased demand for commodities following global underinvestment • Water/Municipal (5-6%) • Transport/Infrastructure (4-5%) • Government services (3-5%) • Industrial/Commercial (3-6%) • Minerals & Metals (6-8%) * AMEC’s estimated growth potential in our accessible markets (CAGR 2010-2015), based on mid-cycle assumption; **IEA – NB: see interim results for further details AMEC at a glance AMEC in Canada 2010 Financials Priorities for V2015

  11. Strategic priorities Strengthening customer relationships Consistent high quality service delivery Existing customers • Focused on building strategic customer relationships • Existing customers • New customers • AMEC’s key capabilities • Technical excellence • Relationship driven • Consistent delivery New customers 2010 AMEC at a glance AMEC in Canada 2010 Financials Priorities for V2015

  12. Strategic prioritiesEnhancing capability Growth – organic and via strategic acquisitions • Building and enhancing capabilities via organic growth • Strengthened leading position in UK nuclear • Market entry to underground mining • Oyu Tolgoi (Mongolia) - leveraging surface mining reputation • And via acquisition • Subsea engineering - S2V Consulting: the first of a series of ‘subsea’ bolt-on acquisitions • Water - Entec Holdings Ltd: added 700 employees in the UK Oil & Gas Minerals & Metals Clean Energy Environmental & Water AMEC at a glance AMEC in Canada 2010 Financials Priorities for V2015

  13. Strategic prioritiesExpanding geographic footprint – case study New capabilities, sectors, customers – strengthened position • ‘Aquenta Consulting’ • (Currie & Brown (Aus); BurmanGriffiths) • Cost, contract & commercial management consultancy • Oil & gas, mining, utilities, transport • Customers: BHP Billiton Minerva, BP, Chevron, ExxonMobil, PNG, Rio Tinto, Woodside • Locations: Brisbane, Adelaide, Gold Coast, Melbourne, Perth, Sydney • GRD Minproc • Engineering and project development • Mining: copper, gold, uranium, nickel and iron • Customers: PanAust Ltd, Gindalbie Metals, Citic Pacific Mining / MCC • Locations: Perth (+Africa, South America) 2010 AMEC employees c. 1,300 (incl. 300 in JV) Brisbane Gold Coast Sydney Perth Adelaide Melbourne • S2V Consulting • Front-end consulting: field development, conceptual screening, project assurance services • O&G, subsea engineering, pipelines • Customers: Woodside, QGC, INPEX, Santos, Chevron, Apache, ENI, OMV • Locations: Perth • Zektingroup* • Specialist engineering consultancy • Oil & gas, CSM, bioprocess • Customers: Eastern Star Gas, ALG Energy, QGC, Anglo Coal (Aus), BOC Gases • Locations: Melbourne, Brisbane Oil & Gas Minerals & Metals Clean Energy Environmental & Water *Acquired February 2011 AMEC at a glance AMEC in Canada 2010 Financials Priorities for V2015

  14. Strategic prioritiesInvesting in people Attract, develop, retain the best people • Employee strategy underpins consistent, high quality customer service • Attract best talent • Equip with tools and processes • Develop the right skills and experience • Retain the best people • Increasingly important as industry investment drives up demand for professional engineers, project managers and consultants AMEC at a glance AMEC in Canada 2010 Financials Priorities for V2015

  15. Delivering V2015 Focus on growth • Enhancing our capabilities • Enhancing our geographic footprint • Integrated approach Capital Structure • More efficient capital structure • Increased acquisitions • Shareholder distributions Employees • Strengthening our people • Harmonising tools and processes Customers, people, growth – OneAMEC >100p EPS* • * Diluted EPS 2015 AMEC at a glance AMEC in Canada 2010 Financials Priorities for V2015

  16. Questions AMEC plcTD Newcrest’s Engineering & Construction conference - 29 March 2011

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