HY19 - Babcock's Half Year results for the six months ended 30 Sept 2018 will be held on Wednesday, 21 November 2018

HY19 - Babcock's Half Year results for the six months ended 30 Sept 2018 will be held on Wednesday, 21 November 2018

This is the archive webcast of the presentation at 09:00 (GMT) on Wednesday, 21 November 2018

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Half year results for the six months ended 30 September 2018
Half year results for the six months ended 30 September 2018
Disclaimer
Disclaimer
Introduction
Introduction
Taking actions to further strengthen Babcock
Taking actions to further strengthen Babcock
Agreement for consistent and enduring relationship with UK Government
Agreement for consistent and enduring relationship with UK Government
Taking action: addressing Oil and Gas
Taking action: addressing Oil and Gas
Reshaping our Oil and Gas business
Reshaping our Oil and Gas business
Magnox update
Magnox update
Operational highlights for the half year
Operational highlights for the half year
Our strategy focuses on three markets
Our strategy focuses on three markets
Actions to sharpen our strategic focus
Actions to sharpen our strategic focus
Strong order book and bid pipeline
Strong order book and bid pipeline
Financial review
Financial review
Maintaining underlying performance
Maintaining underlying performance
Underlying results in line
Underlying results in line
Revenue impacted by exits and disposals
Revenue impacted by exits and disposals
Operating profit growth
Operating profit growth
Underlying results reconciliation
Underlying results reconciliation
Net cash cost of exceptional items c.£10m
Net cash cost of exceptional items c.£10m
Marine: growth maintained excl. QEC
Marine: growth maintained excl. QEC
Land: margins improved
Land: margins improved
Aviation: strong revenue growth
Aviation: strong revenue growth
Nuclear: good growth, Magnox impacts FY20
Nuclear: good growth, Magnox impacts FY20
Operating cash flow in line with expectations
Operating cash flow in line with expectations
Net cash flow weighted to H2
Net cash flow weighted to H2
De-gearing remains on track
De-gearing remains on track
Capital allocation priorities
Capital allocation priorities
Pensions update
Pensions update
Joint ventures: JV debt is non-recourse
Joint ventures: JV debt is non-recourse
Joint ventures: significant cash dividend stream
Joint ventures: significant cash dividend stream
Updated FY19 guidance: no overall change
Updated FY19 guidance: no overall change
FY20 modelling considerations
FY20 modelling considerations
Our priorities: drive value for customers and shareholders
Our priorities: drive value for customers and shareholders
Further strengthening Babcock
Further strengthening Babcock
International growth a key part of our strategy
International growth a key part of our strategy
Our priorities: drive value for customers and shareholders
Our priorities: drive value for customers and shareholders
Strong market positions, high barriers to entry
Strong market positions, high barriers to entry
Market trends: Defence
Market trends: Defence
Market trends: Emergency Services
Market trends: Emergency Services
Market trends: Nuclear
Market trends: Nuclear
Conclusion: further strengthening Babcock
Conclusion: further strengthening Babcock
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