AMEC plcAnnual General Meeting 2011g5 May 2011

Important information

Certain statements in this presentation are forward looking statements. By their nature forward looking statements involve a number of risksBy 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

t d ib d h i F d l ki t t t t i d i thievents 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.pp y y p

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.

P f b li d id f

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Past performance cannot be relied upon as a guide to future performance.

Financial highlightsStrong 2010 performanceSt o g 0 0 pe o a ce

2009£ million 2010

Revenue 2,951 2,539 +16%

EBITA* 272 208 +30%

O ti h fl ** 227 266 15% Operating cash flow** 227 266 -15%

Profit before tax* 280 216 +30%

Earnings per share*** 62.5p 46.9p +33%

Dividend per share 26.5p 17.7p +50%

Employee numbers 21,907 20,762 +6% Order book 3 1bn 3 2bn -1%Order book 3.1bn 3.2bn -1%

9.2% EBITA margin – up 100 bps

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* Before amortisation but including joint venture profit before tax** Cash generated from operations before exceptional items and discontinued operations, legacy settlements and pension payments in excess of amounts recognised

in the income statement, and including dividends received from joint ventures*** Diluted for continuing operations, before amortisation and exceptional items

9.2% EBITA margin up 100 bps

StrategyFinancials PeopleCustomers Growth One AMEC

Delivering Vision 2015Strategy

Focused on delivering similar high- Revenue by sector (2010)

Strategy

value services, across the asset life cycle, in select core sectors

Services: consulting, engineering,

Revenue by sector (2010)Oil & GasMinerals & MetalsClean EnergyEnvironmental & Water

Government services: 6%Transport/Infrastructure: 3%Industrial/Commercial: 3%Water/Municipal: 3%g, g g,

project management

Sectors: oil & gas, minerals & metals, clean energy, environment & water

Oil & Gas: 24%

Transmission & Distribution: 4%

gy,

Well positioned and growing in high-growth sectors Renewables /

Bioprocess: 9%

Power: 8%

Unconventional Oil & Gas: 20%Minerals &

Metals: 11%

Nuclear*: 9%

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Delivering services across high-growth sectors

StrategyFinancials PeopleCustomers Growth One AMEC

* Does not include the ‘equity accounted’ Sellafield decommissioning contract

Delivering Vision 2015Well positioned in high-growth sectors

Oil & Gas

Well positioned in high growth sectors

AMEC’s 11 core sectors*Clean Energy

Oil demand forecast to increase from 84 mb/d (2009) to 99 mb/d (2035) which in turn requires 9bbl/yr of new discoveries**

4. Nuclear (5-7%)5 Renewables/bioprocess (8-10%)1. Oil & Gas (8-10%)

Worldwide electricity production forecast to increase from 2,731 TWh (2008) to 4,900TWh (2015)**

5. Renewables/bioprocess (8-10%)6. Power (3-5%)7. Transmission & Distribution (4-6%)

Environmental & Water

1. Oil & Gas (8 10%)2. Unconventional (5-7%)

Minerals & Metals

Increased demand for commodities following global underinvestment

Growth in environmental legislation – increasing use of brownfield sites, exploration of environmentally sensitive regions, and recognition of water issues

3. Minerals & Metals (6-8%) 8. Water/Municipal (5-6%)9 T t/I f t t (4 5%)9. Transport/Infrastructure (4-5%)10. Government services (3-5%)11. Industrial/Commercial (3-6%)

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Increased industry investment in core markets

* 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

StrategyFinancials PeopleCustomers Growth One AMEC

Delivering Vision 2015Strengthened customer relationships

Continuing focus on building strategic

Strengthened customer relationships

Existing customersg g g

customer relationships

Existing customers

N t New customers

AMEC’s key capabilities

Technical excellenceNew customers 2010

Technical excellence

Relationship driven

Consistent delivery

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Consistent high quality service delivery

StrategyFinancials PeopleCustomers Growth One AMEC

Delivering Vision 2015Acceleration in order intake

Recently announced contracts ConocoPhillips (detailed engineering, procurement and hook-up for Judy

Acceleration in order intake

Oil & GasMi l & M t lp ( g g, p p y

and Jasmine fields, UK) BP (global onshore agreement) Maersk (modifications to Curlew FPSO, UK) Apache (2 year modification to Forties Alpha platform UK)

Minerals & MetalsClean EnergyEnvironmental & Water

Apache (2-year modification to Forties Alpha platform, UK) BG Group* (3-year services contract for all BG’s North Sea assets, UK) Eastern Star Gas* (Coal seam methane project, Australia) Crazy Horse Resources (Taysan copper gold project, Philippines) Providence Resources (Ulysses salt cavern gas storage project, UK) Compañía Minera del Pacífico S.A.*(Cerro Negro iron ore project, Chile) Ivanhoe (Oyu Tolgoi copper gold underground mine, Mongolia) National Grid (Carbon capture and storage project Longannet UK) National Grid (Carbon capture and storage project Longannet, UK) INEOSBio (EPC services for commercial scale bio ethanol facility, US) AFCEE (Air Force LEED renovation) Northumbrian Water (renewal of 10-year framework agreement, UK)

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Order intake up >25% since 2009* Announced Feb 2011

StrategyFinancials PeopleCustomers Growth One AMEC

Delivering Vision 2015Investing in peopleInvesting in people

Employee strategy underpins consistent, high p y gy p , gquality customer service

Attract best talent

E i ith t l d Equip with tools and processes

Develop the right skills and experience

Retain the best peoplep p

Increasingly important as industry investment drives up demand for professional engineers, project managers and consultantsmanagers and consultants

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Attract, develop, retain the best people

StrategyFinancials PeopleCustomers Growth One AMEC

Delivering Vision 2015Enhancing capabilityEnhancing capability

Building and enhancing capabilities via organic growth Oil & GasMi l & M t l

Strengthened leading position in UK nuclear

− Tier 1 EDF nuclear new build

Minerals & MetalsClean EnergyEnvironmental & Water

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

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Growth – organic and via strategic acquisitions

StrategyFinancials PeopleCustomers Growth One AMEC

Delivering Vision 2015Expanding geographic footprint

Continued growth in established

Expanding geographic footprint

gmarkets, particularly

Europe

North America

Geographic expansionCurrent locationsGrowth regionsEstablished markets

North America

Upsizing in select regionsp g g

Australasia

South America

Middle East

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Focused on growth regions and established markets

StrategyFinancials PeopleCustomers Growth One AMEC

Delivering Vision 2015Expanded geographic footprint - AustraliaExpanded geographic footprint Australia

GRD Minproc • Engineering and project development

‘Aquenta Consulting’ (Currie & Brown (Aus); BurmanGriffiths) • Cost contract & commercial

2010 AMEC employees c. 1,300 (incl. 300 in JV)

• Mining: copper, gold, uranium, nickel and iron

• Customers: PanAust Ltd, Gindalbie Metals, Citic Pacific Mining / MCC

• Locations: Perth (+Africa, South

• Cost, contract & commercial management consultancy

• Oil & gas, mining, utilities, transport• Customers: BHP Billiton Minerva, BP,

Chevron, ExxonMobil, PNG, Rio Tinto, Woodside

(incl. 300 in JV)

(America)

S2V Consulting

Woodside • Locations: Brisbane, Adelaide, Gold

Coast, Melbourne, Perth, SydneyPerth

Gold Coast

Melbourne

Adelaide

Brisbane

Sydney

S2V Consulting• Front-end consulting: field

development, conceptual screening, project assurance services

• O&G, subsea engineering, pipelines

Zektingroup*• Specialist engineering consultancy• Oil & gas, CSM, bioprocess• Customers: Eastern Star Gas, ALG

• Customers: Woodside, QGC, INPEX, Santos, Chevron, Apache, ENI, OMV

• Locations: Perth

Customers: Eastern Star Gas, ALG Energy, QGC, Anglo Coal (Aus), BOC Gases

• Locations: Melbourne, Brisbane

Oil & GasMinerals & MetalsClean EnergyEnvironmental & Water

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New capabilities, sectors, customers – strengthened position*Acquired February 2011

StrategyFinancials PeopleCustomers Growth One AMEC

Delivering Vision 2015One AMECOne AMEC

One AMEC Customer-focused

Operational management structure

Skilled people

One AMEC

One AMEC

Integrated activity

Tools & processes

Enhanced efficiency

Cost effective

St t f d

Enhanced capabilities

Customer relationships

Geographic footprint

Integrated structure Strategy-focused

Operational Excellence

Step Change

S f f

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Secure platform for continued growth

StrategyFinancials PeopleCustomers Growth One AMEC

Delivering Vision 2015

>100p EPS*EPS

Capital Structure More efficient capital structure Increased acquisitions Shareholder distributions

Capital Structure

Enhancing our capabilities Enhancing our geographic footprint Integrated approach

Focus on growth

Strengthening our people Harmonising tools and processes

Employees

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Customers, people, growth – One AMEC

* Diluted EPS 2015

Introduction Financials PeopleCustomers Growth One AMEC

AMEC plcAnnual General Meeting 2011gQuestions

AMEC share price performance Sept 2006 – April 2011Sept 2006 April 2011

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AMEC performance vs FTSE 100 and Sector