Aker Yards ASA

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Aker Yards ASA

• Corporate Presentation
• 2006

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What we do
Aker Yards
Aker Yards
Aker Yards
Langsten
Brattvaag.
Aker Yards
Aker Yards
Rauma
Aker Yards

• Multi national shipyard group
• Diversified vessel program
• Ability for large output at peak market
• Strong track-record

Turku
Søviknes
Aker Yards
Aukra
Aker Yards
Helsinki
Brevik.
Aker Yards
Aker Yards
Aker Yards
Aker Philadelphia
Warnemunde
Braila
Wismar
Aker Yards
Philadelphia
Tulcea
Aker Yards
Management agreement
Brazil
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Three centuries ofAker history
Est1841
Peter SteenstrupFirst CEO
Kjell I RøkkeMain owner
Norcem (offshore, cement)
Aker Kværner
J M Johansen (fisheries)
Aker Yards
Aker Seafoods
RGI
Aker Am Shipping
Davy/John Brown/Trafalgar
Aker Drilling
Kværner
Oluf A Onsum, founder
Aker Matr Handl
Masa-Yards
Aker Capital
Wärtsilä
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Aker GroupAker ASA major shareholder in Aker
Yards
Aker ASA (parent)and holding companies
Aker ownership
100
50.01
66.7
53.2
100
30.8
55.6
100
Illustration
Aker MaterialHandling
Aker Capital
Aker AmShipping3.2 billion
AkerDrilling3.7 billion
AkerKværnerMcap 27.9 bn
AkerSeafoods1.9 billion
AkerYards7.3 billion
Aker Capital
Listed
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Our vision and values
HSEmindsetWe take personal responsibility for
HSE because we care
DeliveringresultsWe deliver consistently and
strive to beat our goals
Customerdrive Building customer trustis key to
our business
Open anddirect dialogue We encourage early
andhonest communication
VisionCreating an Ocean of Opportunities through
Peopleand teams All our major achievementsare
team efforts
Hands-on management We know our business and
get things done
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A strong financial track record
- due to flexible cost base and business mix
Pro forma operating revenue (NOK Million)
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A strong financial track record
- due to flexible cost base and business mix
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Executive Management Team
President CEO Karl Erik Kjelstad
President Offshore Specialized Vessels Roy
Reite
President Merchant Vessels Jürgen Kennemann
President Cruise Ferries Yrjö Julin
Business Areas
EVP- Business Development Ole A. Heggheim
EVP- Projects Technology Oddvar Slettevold
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A market focused Business Area structure
Figures in NOK Figures for 2005
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with 13 shipyards altogether
Cruise Ferries
Merchant Vessels
Offshore Specialized Vessels
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Market driven value chain
Contract
Class Approval
Delivery
Concept sales
Basic design
Detail eng.
Fabrication
Outfitting
Procurement
Commissioning
Project management
Tender
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International customer base examples
Offshore Specialized vessels
Merchant vessels
Cruise ferries
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Cruise Ferries
Vessels offered include
Post-panamax cruise ships Panamax cruise
ships Cruise ferries Ro-pax vessels

• One of the four leading builders of cruise
  vessels and ferries worldwide
• Primarily built at Aker Yards three locations in
  Finland
• Helsinki
• Rauma
• Turku
• Aker Yards, Finlands vast experience is based on
  the history of 3,500 ships built
• 25 of the worlds cruise ships have come from
  the companys shipyards in Helsinki and Turku
• The Rauma yard has built 25 passenger vessels
• Additionally, the yards in Germany and Norway are
  involved in the Cruise Ferries segment

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Merchant Vessels
Vessels offered include
Container Vessels, Chemical Vessels Product
Tankers, Bulk Carriers

• Significant product offering within the market
  for merchant vessels
• Merchant vessels are primarily built at Aker
  Yards in Germany, the yards in Romania and in
  Norway
• Each of the German yards has a capacity of up to
  200,000 dwt and 300,000 dwt respectively

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Offshore Specialized Vessels
Vessels offered include
PSV, AHTS, Field Support, Subsea Support,
Icebreakers, Arctic Vessels, Fishing Vessels,
Naval Craft, Research Vessels Coastguard
Vessels

• A leading player in the worldwide market for
  purpose built offshore service vessels and other
  complex and highly customized vessels
• Substantial capacity with flexibility to handle
  large fluctuations
• Close co-operation with leading offshore
  designers
• Primarily built at Aker Yards in Norway, Finland
  and Brazil.
• Aker Yards, Romania produces hulls for the
  Norwegian yards, as well as complete vessels

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Aker Yards other activities
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Aker Yards

• Customer value through
• Innovative solutions
• Competitive product offering
• Flexible cost base
• Leading position in niche market segments
• Strong balance sheet and financial track record

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• Additional Information

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Cruise Ferries References
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Cruise Ferries References
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Merchant Vessels References
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Offshore Specialized Vessels References
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Offshore Specialized Vessels References
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Our yards
Norway
Romania
Germany
Finland
Wismar
Helsinki
Tulcea
Aukra
Brattvaag
Rauma
Braila
Warnemünde
Søviknes
Brevik
Brazil
Turku
Langsten
Brazil
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Aker Yards, Finland
Aker Yards, Helsinki P.O.Box 132 FI-00151
Helsinki Tel [phone] Fax [phone]
051 www.akerfinnyards.com Aker Yards,
Rauma P.O.Box 302 FI-26101 Rauma Tel 358 10
6700 Fax [phone] www.akerfinnyards.com
Aker Yards, Turku P.O.Box 666 FI-20101
Turku Tel [phone] Fax [phone]
6700 www.akerfinnyards.com
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Aker Yards, Germany
Aker Yards, Wismar Wendorfer Weg 5 DE-23966
Wismar Tel [phone] Fax [phone]
3624 Web www.akerostsee.de Aker Yards,
Warnemünde Werftallee 10 DE-18119
Rostock-Warnemünde Tel [phone] Fax
49 381 52574 Web www.akerostsee.de
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Aker Yards, Norway
Aker Yards, Brattvaag Strandgaten 74 NO-6270
Brattvaag Tel [phone] Fax 47 70 21
06 01 Web www.brattvaag.no Aker Yards,
Søviknes NO-6280 Søvik Tel [phone]
00 Fax [phone] Web www.brattvaag.no A
ker Yards, Aukra NO-6480 Aukra Tel [phone]
00 Fax [phone] Web www.akeraukra.no A
ker Yards, Langsten NO-6393 Tomrefjord Tel 47
71 18 35 00 Fax [phone]
01 Web www.langsten.no Aker Yards,
Brevik P.O.Box 15 NO-3991 Brevik Tel 47 35 51
87 00 Fax [phone] Web www.brevik.com
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Aker Yards, Brazil
Aker Yards, Brazil Praça Alcides Pereia, 1
Parte Ilha da Conceição - Niterói - RJ Tel
55 21 27 18 90 90 Fax [phone] Web
www.brattvaag.no
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Aker Yards, Romania
Aker Yards, Braila 1A Celulozei Street RO-6100
Braila Tel [phone] Fax [phone]
857 Web www.sanab.ro Aker Yards, Tulcea 8,
Portului Street RO-8800 Tulcea Tel [phone]
519 Fax [phone] Web www.aker.ro
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Disclaimer

• This Presentation includes and is based, inter
  alia, on forward-looking information and
  statements that are subject to risks and
  uncertainties that could cause actual results to
  differ. These statements and this Presentation
  are based on current expectations, estimates and
  projections about global economic conditions, the
  economic conditions of the regions and industries
  that are major markets for Aker Yards ASA and
  Aker Yards ASAs (including subsidiaries and
  affiliates) lines of business. These
  expectations, estimates and projections are
  generally identifiable by statements containing
  words such as expects, believes, estimates
  or similar expressions. Important factors that
  could cause actual results to differ materially
  from those expectations include, among others,
  economic and market conditions in the geographic
  areas and industries that are or will be major
  markets for Aker Yards businesses, oil prices,
  market acceptance of new products and services,
  changes in governmental regulations, interest
  rates, fluctuations in currency exchange rates
  and such other factors as may be discussed from
  time to time in the Presentation. Although Aker
  Yards ASA believes that its expectations and the
  Presentation are based upon reasonable
  assumptions, it can give no assurance that those
  expectations will be achieved or that the actual
  results will be as set out in the Presentation.
  Aker Yards ASA is making no representation or
  warranty, expressed or implied, as to the
  accuracy, reliability or completeness of the
  Presentation, and neither Aker Yards ASA nor any
  of its directors, officers or employees will have
  any liability to you or any other persons
  resulting from your use. The Aker Yards group
  consists of many legally independent entities,
  constituting their own separate identities. Aker
  Yards is used as the common brand or trade mark
  for most of this entities. In this presentation
  we may sometimes use Aker Yards", "Group, "we"
  or "us" when we refer to Aker Yards companies in
  general or where no useful purpose is served by
  identifying any particular Aker Yards company.