Strategy Update and Developed World Review Iain Ross

1. Strategy Update and Developed World Review Iain Ross

2. Agenda • Strategy Overview • Developed And Developing Worlds • Developed World Overview • Global Market Developments And Accomplishments

3. The Hedgehog And The Fox Foxes pursue many ends at the same time and see the world in all its complexity. They are “scattered or diffused, moving on many levels” Hedgehogs understand that the essence of profound insight is simplicity. Hedgehogs see what is essential, and ignore the rest

4. Maintaining Clear Focus Areas

5. Two Worlds Common Market Challenges Speed of technology adoption Skilled labour shortages Investor confidence Climate change Operational performance Developing World Developed World • Building technical Private Multinationals Limited resource access Early adopters of technology • Technical innovation State Owned Multinationals Resource access Utilisers of proven technology capability • Consistent global • Local project delivery execution • Global solutions in Capability & • execution infrastructure

6. Two Worlds WorleyParsons Global Solutions Developing World Developed World • Building technical Private Multinationals Limited resource access Early adopters of technology • Technical innovation State Owned Multinationals Resource access Utilisers of proven technology capability • Consistent global • Local project delivery execution • Global solutions in Capability & • execution infrastructure GLOBAL leadership GLOBAL footprint and Local presence GLOBAL expertise delivered through LOCAL offices operated by LOCAL nationals

7. Maintaining Strategy

8. Impact Of Global Trends • Advanced technical capability and service offerings differentiate providers in market • Greater emphasis on plant modifications and asset services (Improve) • Increased competition has led to consolidation • Customer seeking global solutions to delivery cost savings • Early engagement with government and public sector investments

9. Increased activity in Gulf of Mexico Unconventional gas continues to grow US downstream and minerals and metals maintain cost pressures US Power demand down to 2002 levels Federal Government continues to make major investments to refurbish aging infrastructure (roads, rail ports) USA: Market Developments TVA Power Station, United States

10. USA: Accomplishments • USLAC used the GFC to strengthen core capability and invest in new skills to position for growth • Secured a good share of reduced volumes of complex engineering greenfield offshore hydrocarbons • Emphasis in all sectors on asset services and Improvework • Continued integration of Chilean and Brazilian businesses ExxonMobil Arkutun-Dagi Platform

11. Canada: Market Developments • Strong evidence of project restarts maintaining trend toward EPC project delivery • Environmentally responsible development – water, water, water • Significant foreign investment in the Canada resource industry – China + • Trapped gas could drive producers to export LNG • Major pipeline projects may be required Oil Sands Bucket And Truck

12. Canada: Accomplishments • Cord project fabrication is an advantage • Improve business model served well during GFC • Potential for significant position in nuclear power • Delivering on world scale iron ore • Entering potash and offshore hydrocarbons Alberta Oil Sands, Canada

13. Australia: Market Developments • Strong investment growth in both conventional gas and coal seam methane • Major iron ore customers significantly ramping up capital investment • Coal exports continue to grow • Power generators shifting investment towards outsourcing operations and maintenance • Expansion of public sector urban infrastructure across rail, water and power sectors • Major clients shifting to Program Management Contracting • High dollar shifting engineering services offshore

14. EPCM role for major CSM greenfield development for QGC upstream gas Delivery of the worlds first modularised LNG facility for Woodside - Pluto LNG Pit to port projects success PMC JV for greenfield Alpha Coal pit to port project for Hancock Coal PMC role for Wiggins Island greenfield coal export terminal for Queensland Port Authority TWPS long term maintenance alliance contract with Loy Yang A Power Station Significant global and regional alliance agreements signed with Rio Tinto and Anglo American Australian: Accomplishments Woodside LNG facility, Australia

15. UK: Market Developments • Constrained domestic investment by government and resource companies across UK continues • Maintaining focus on international work to be executed in London • Kazakhstan • FSU • Middle East • North Africa • EU sanctions on Iran • Expanding Improve business capabilities Tengizchevroil Facility, Kazakstan

16. UK: Accomplishments • Securing ConocoPhillips Jasmine provides first major footprint into North Sea • INTECSEA team securing work across Middle East and North Africa • Customer management and project delivery in Kazakhstan remains strong • Commencement of Uzbekistan footprint • BP Iraq Rumaila field work provides a long term opportunity • Continued sector expansion • Minerals & Metals • Infrastructure & Environment • Power BP Sullom Voe Facility, Scotland