Latest trade price at 04:30 PM 109.90p HOME INVESTORS WHY INVEST IN US? ON THIS PAGE Investment case Strategy Performance Why invest in Petrofac? We enable our clients to meet the world's evolving energy needs. The long-term fundamentals of our business are sound, and our strategy remains valid – enabling Petrofac to build on established strengths, enhance competitiveness, maintain resilience and, through our newly-created new energies business, pursue the opportunities presented by the energy transition. Our investment case Leading international service provider to the energy industry Well positioned in resilient markets, with an attractive growth opportunities Differentiated client offering for the energy transition Strong competitive position underpins sector-leading margins Financial position Our strategy We are confident that our strategy, underpinned by an operating model that drives consistency, efficiency and stringent assurance, will position us well to capitalise on a range of diverse growth opportunities that will deliver superior returns and value to all stakeholders over the medium term. Our strategy encompasses: best-in-class delivery, return to growth, and superior returns. Best-in-class delivery Return to growth Superior returns Our new operating model and structure entail a single Group-wide technical services organisation, which delivers functional excellence to all Petrofac projects and operations globally. It is supplemented by a standalone, self-governing assurance function. Return to growth in the medium term We believe Petrofac remains a compelling investment proposition, driven by sustained recovery in addressable core markets, geographic diversification to target new market opportunities, and accelerated growth in new energies. MEDIUM TERM c.US$4-5bn Group revenue c.US1bn New Energy revenue >20% Revenue contribution from New Energy Net cash Strong balance sheet Financial performance You can find our financial performance for the last five years below. 2020 2019 2018 2017 2016 Revenue (US$ million) 4,066 5,530 5,829 6,395 7,873 Backlog (US$ billion) 5.0 7.4 9.6 10.2 11.7 EBITDA (US$ million)1 211 559 671 748 704 Diluted earnings per share (cents)2 14.2 80.4 106.2 100.9 93.3 Net profit (US$ million)1,2 48 276 353 361 320 Return on capital employed 7% 23% 26% 22% 12% Business performance before separately disclosed items Attributable to Petrofac Limited shareholders Cash flow and liquidity (as at 31 December 2019) US$m 2020 2019 Opening net cash / (debt) 15 90 EBITDA1 211 559 Movement in working capital -160 -179 Tax and net interest paid -107 -179 Capex -57 -92 Other cash flows (incl divestments) 40 29 Free cash flow2 -73 138 Dividend 0 -129 Other cash flows from financing activities -58 -84 Cash (outflow) / inflow -131 -75 Closing net cash 116 15 References See A3 in Appendix A to the consolidated financial statements See A6 in Appendix A to the consolidated financial statements FINANCIAL RESULTS Half year 2021 Financial statements DOWNLOAD Results presentation DOWNLOAD Results webcast WATCH NOW NEWS Petrofac Limited results for the six months ended 30 June 2021 FIND OUT MORE Quick links Investors Media Careers Who we are Services Markets Accessibility and legal Accessibility Legal notice Privacy and cookies Work with us Vendors and suppliers Find a contact Find an office Find a service LinkedIn YouTube Instagram Twitter ©Petrofac Limited 2021 Registered Office: 44 Esplanade, St Helier, Jersey, JE4 9WG Home Sitemap UK Modern Slavery Act Our use of cookies We use necessary cookies to make our site work. We'd also like to set optional analytics cookies to help us improve it. We won't set optional cookies unless you enable them. Using this tool will set a cookie on your device to remember your preferences. For more detailed information about the cookies we use, see our Cookies page ACCEPT RECOMMENDED SETTINGS Necessary Cookies Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions. Analytics cookies We'd like to set Google Analytics cookies to help us to improve our website by collecting and reporting information on how you use it. The cookies collect information in a way that does not directly identify anyone. For more information on how these cookies work, please see our Cookies page. Analytics cookies On Off About this tool (Opens in a new window) External Link Icon Cookie Control