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1 AGM 2018 AGM 2018
1AGM 2018
AGM2018
2AGM 2018
IntroductionKen HannaChairman
3AGM 2018
Business updateChris WestonCEO
4AGM 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
5AGM 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%
FLEETat 31 December (MW)
45%
REVENUE(% OF GROUP excl. pass-through fuel)
6AGM 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
2,46563%
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%
FLEETat 31 December (MW)
21%
REVENUE(% OF GROUP excl. pass-through fuel)
7AGM 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
FLEETat 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)
8AGM 2018
How we see our business today
Making a massive difference for our customers and the communities we serve
People & Always Orange
8Results Presentation March 2018
Technology EfficiencyCustomer
Aggreko is a customer focused specialist provider of power, temperature control and energy services on a
global basis
9AGM 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
10AGM 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)
11AGM 2018
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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 own use
The future: energy markets are transforming
Decarbonisation, decentralisation and digitalisation are changing the ways we generate and consume energy, globally
11
12AGM 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
12AGM 2018
13AGM 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.
13AGM 2018
14AGM 2018
AGM2018
15AGM 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
16AGM 2018
RESOLUTION 1
Ordinary resolution
Total votes cast
Votes withheld
% of issuedshare 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
17AGM 2018
RESOLUTION 2
Ordinary resolution
To approve the
for the year ended 31 December 2017
Annual Statement and Report on Remuneration
18AGM 2018
RESOLUTION 2
To approve the
for the year ended 31 December 2017
Ordinary resolution
Total votes cast
Votes withheld
% of issuedshare 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
19AGM 2018
RESOLUTION 3
To approve the
Ordinary resolution
Directors’Remuneration Policy
20AGM 2018
RESOLUTION 3
Ordinary resolution
Total votes cast
Votes withheld
% of issuedshare 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
21AGM 2018
RESOLUTION 4
To approve the
Final dividend for the year ended 31 December 2017 of
17.74 pence per ordinary share
Ordinary resolution
22AGM 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 issuedshare capital
In favour
Against
% of votes cast
VOTES
99.99%
0.01%
190,490,048
768
74.37%
0.00%
23AGM 2018
RESOLUTION 5
To elect
Heath Drewettas a Director of the Company
Ordinary resolution
24AGM 2018
RESOLUTION 5
To elect
Heath Drewettas a Director of the Company
Ordinary resolution
Total votes cast
Votes withheld
% of issuedshare capital
In favour
Against
% of votes cast
VOTES
97.97%
2.03%
190,479,424
11,392
74.37%
0.00%
25AGM 2018
RESOLUTION 6
To re-elect
Ken Hannaas a Director of the Company
Ordinary resolution
26AGM 2018
RESOLUTION 6
To re-elect
Ken Hannaas a Director of the Company
Ordinary resolution
Total votes cast
Votes withheld
% of issuedshare capital
In favour
Against
% of votes cast
VOTES
99.74%
0.26%
190,295,688
195,128
74.30%
0.07%
27AGM 2018
RESOLUTION 7
To re-elect
Chris Westonas a Director of the Company
Ordinary resolution
28AGM 2018
RESOLUTION 7
To re-elect
Chris Westonas a Director of the Company
Ordinary resolution
Total votes cast
Votes withheld
% of issuedshare capital
In favour
Against
% of votes cast
VOTES
99.98%
0.02%
190,478,148
12,668
74.37%
0.00%
29AGM 2018
RESOLUTION 8
To re-elect
Dame Nicola Breweras a Director of the Company
Ordinary resolution
30AGM 2018
RESOLUTION 8
To re-elect
Dame Nicola Breweras a Director of the Company
Ordinary resolution
Total votes cast
Votes withheld
% of issuedshare capital
In favour
Against
% of votes cast
VOTES
99.96%
0.04%
190,483,740
7,076
74.37%
0.00%
31AGM 2018
RESOLUTION 9
To re-elect
Barbara Jeremiahas a Director of the Company
Ordinary resolution
32AGM 2018
RESOLUTION 9
To re-elect
Barbara Jeremiahas a Director of the Company
Ordinary resolution
Total votes cast
Votes withheld
% of issuedshare capital
In favour
Against
% of votes cast
VOTES
97.61%
2.39%
190,478,366
12,450
74.37%
0.00%
33AGM 2018
RESOLUTION 10
To re-elect
Uwe Kruegeras a Director of the Company
Ordinary resolution
34AGM 2018
RESOLUTION 10
To re-elect
Uwe Kruegeras a Director of the Company
Ordinary resolution
Total votes cast
Votes withheld
% of issuedshare capital
In favour
Against
% of votes cast
VOTES
99.53%
0.47%
190,476,982
13,833
74.37%
0.00%
35AGM 2018
RESOLUTION 11
To re-elect
Diana Layfieldas a Director of the Company
Ordinary resolution
36AGM 2018
RESOLUTION 11
To re-elect
Diana Layfieldas a Director of the Company
Ordinary resolution
Total votes cast
Votes withheld
% of issuedshare capital
In favour
Against
% of votes cast
VOTES
99.96%
0.04%
190,477,520
13,296
74.37%
0.00%
37AGM 2018
RESOLUTION 12
To re-elect
Ian Marchantas a Director of the Company
Ordinary resolution
38AGM 2018
RESOLUTION 12
To re-elect
Ian Marchantas a Director of the Company
Ordinary resolution
Total votes cast
Votes withheld
% of issuedshare capital
In favour
Against
% of votes cast
VOTES
99.88%
0.12%
190,476,310
14,506
74.37%
0.00%
39AGM 2018
RESOLUTION 13
To re-elect
Miles Robertsas a Director of the Company
Ordinary resolution
40AGM 2018
RESOLUTION 13
To re-elect
Miles Robertsas a Director of the Company
Ordinary resolution
Total votes cast
Votes withheld
% of issuedshare capital
In favour
Against
% of votes cast
VOTES
99.96%
0.04%
190,476,076
14,740
74.37%
0.00%
41AGM 2018
RESOLUTION 14
To re-appoint
KPMGas Auditor of the Company
Ordinary resolution
42AGM 2018
RESOLUTION 14
To re-appoint
KPMGas Auditor of the Company
Ordinary resolution
Total votes cast
Votes withheld
% of issuedshare capital
In favour
Against
% of votes cast
VOTES
99.90%
0.10%
190,484,336
6,480
74.37%
0.00%
43AGM 2018
RESOLUTION 15
To authorise the Audit Committee of the Board to determine the
Ordinary resolution
Remuneration of the Company’s Auditor
44AGM 2018
RESOLUTION 15
To authorise the Audit Committee of the Board to determine the
Ordinary resolution
Total votes cast
Votes withheld
% of issuedshare capital
In favour
Against
% of votes cast
VOTES
99.99%
0.01%
190,485,234
5,582
74.37%
0.00%Remuneration of the Company’s Auditor
45AGM 2018
RESOLUTION 16
The authority for
Ordinary resolution
Directors to allot ordinary shares
46AGM 2018
RESOLUTION 16
The authority for
Ordinary resolution
Total votes cast
Votes withheld
% of issuedshare 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
47AGM 2018
RESOLUTION 17
Special resolution
To approve the
Disapplication of statutory pre-emption rights
48AGM 2018
RESOLUTION 17
Special resolution
Total votes cast
Votes withheld
% of issuedshare 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 of statutory pre-emption rights
49AGM 2018
RESOLUTION 18
Special resolution
To approve the
Additional disapplication of statutory pre-emption rights
50AGM 2018
RESOLUTION 18
Special resolution
Total votes cast
Votes withheld
% of issuedshare 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 of statutory pre-emption rights
51AGM 2018
RESOLUTION 19
Special resolution
To authorise the Company to
Purchase Ordinary Shares in the capital of the Company
52AGM 2018
RESOLUTION 19
Special resolution
Total votes cast
Votes withheld
% of issuedshare 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
53AGM 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
54AGM 2018
RESOLUTION 20
Special resolution
Total votes cast
Votes withheld
% of issuedshare 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
55AGM 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.
55AGM 2018
56AGM 2018
Disclaimer
The information contained in this presentation has largely been extracted from the Results Announcement for the year ended 31December 2017.
This presentation may contain certain “forward-looking” statements. By their nature, forward-looking statements involve risk anduncertainty because they relate to future events and circumstances. Actual outcomes and results may differ materially from anyoutcomes or results expressed or implied by such forward-looking statements. Any forward-looking statements made by or on behalf ofAggreko speak only as of the date they are made and no representation or warranty is given in relation to them, including as to theircompleteness 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 aresubject 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.
