Deutsche Bank Global Industrials & Basic Materials Conference

Deutsche Bank Global Industrials & Basic Materials Conference June 2014 www.jacobs.com | worldwide Forward-Looking Statement Disclaimer Statements ...
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Deutsche Bank Global Industrials & Basic Materials Conference June 2014

www.jacobs.com | worldwide

Forward-Looking Statement Disclaimer Statements included in this presentation that are not based on historical facts are forward-looking statements. Although such statements are based on management’s current estimates and expectations, and currently available competitive, financial and economic data, forward-looking statements are inherently uncertain and you should not place undue reliance on such statements as actual results may differ materially. We caution the reader that there are a variety of risks, uncertainties and other factors that could cause actual results to differ materially from what is contained, projected or implied by our forward-looking statements. For a description of some of the risks, uncertainties and other factors that may occur that could cause actual results to differ from our forward-looking statements see our Annual Report on Form 10-K for the period ended September 27, 2013, and in particular the discussions contained in Item 1 – Business, Item 1A - Risk Factors, Item 3 – Legal Proceedings, and Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations, as well as the Company’s other filings with the Securities and Exchange Commission. We also caution the readers of this presentation that we do not undertake to update any forward-looking statements made herein.

Jun-14 | Deutsche Bank – Global Industrials & Basic Materials Conference | 2

Financial Performance Results Summary

Fiscal Year 2013

2nd Quarter 2014

Diluted EPS

$3.23

$0.63

Net Earnings

$423.1 million

$83.5 million

Cash

$1.2 billion

$691.3 million

Debt

$0.4 billion

$1.0 billion

Backlog

$17.2 billion

$18.4 billion

FY14 Guidance

$3.15 to $3.55*

* Excluding unusual items in the first half and announced restructuring costs in the second half Jun-14 | Deutsche Bank – Global Industrials & Basic Materials Conference | 3

Second Quarter Results and Outlook • Q2 solid, absent unusual items – – – –

European project issues (-$0.10) Holiday and weather (-$0.07) SKM related items (-$0.07) Sale of VCM technology (+$0.05)

• Second half results to reflect: – Restructuring, largely in Europe – SKM related

• Underlying business outlook remains solid – Record backlog

Jun-14 | Deutsche Bank – Global Industrials & Basic Materials Conference | 4

SKM Update • Accretive in Q2 • Synergy opportunities exceed expectations – Short-term effects impact second half – Solid foundation for FY2015

• Significant sales leverage

Jun-14 | Deutsche Bank – Global Industrials & Basic Materials Conference | 5

Backlog at Record Levels

Field Services Backlog ($ billions) Technical Professional Services Backlog ($ billions)

20.0

18.4 18.0

16.8

16.6 16.0

14.7

15.1 14.0

14.0

5.8 12.0

5.9 5.2

10.0

8.5

6.4

8.1

8.3

Q2-FY09

Q2-FY10

8.0

5.3

12.6

10.9

9.9

8.7

6.0

4.0

2.0

0.0 Q2-FY11

Q2-FY12

Q2-FY13

Professional Services Backlog a Leading Indicator Jun-14 | Deutsche Bank – Global Industrials & Basic Materials Conference | 6

Q2-FY14

Growth Strategy • Differentiate with our relationship-based business model • Leverage market diversity • Expand geographic presence through multi-domestic strategy • Use cash position for strategic acquisitions • Continue to drive down costs – Synergies from SKM – Intense focus on operational efficiency

15% Average Earnings Growth Goal Jun-14 | Deutsche Bank – Global Industrials & Basic Materials Conference | 7

Our Relationship Model Fuels Growth Long-Term Relationships Trust/Client Knowledge Continuous Improvement Superior Value Growth Fueled by Clients

Reinvest

Steady Earnings Growth

Repurchase Loyalty

Lower Cost of Doing Business Manageable Risk

Building a Strong Reputation in Each Market We Serve Jun-14 | Deutsche Bank – Global Industrials & Basic Materials Conference | 8

Our Relationship Model Fuels Growth Long-Term Relationships Trust/Client Knowledge

>92% in Client Satisfaction Scores Continuous Improvement

Nearly 96% Repeat Business

Superior Value

Growth Fueled by Clients

Reinvest

>$2.9 billion in Client Savings from Innovative Value-BasedRepurchase Solutions Loyalty Steady Earnings Growth

Lower Cost of Doing Business

Sustainability Ideas Resulted in ~5 million tonnes of CO2 Savings Manageable Risk

Building a Strong Reputation in Each Market We Serve Jun-14 | Deutsche Bank – Global Industrials & Basic Materials Conference | 9

Market Diversity National Government 18%

33%

Chemicals 22%

49%

Infrastructure 9%

Oil & Gas (Upstream) 7%

Buildings 6% Refining (Downstream) 20%

4% PharmaBio 7%

Mining & Minerals

7%

18%

Power, Pulp & Paper, High Tech, Food & Consumer Products

Maximizing Opportunities Through Evolving Cycle Jun-14 | Deutsche Bank – Global Industrials & Basic Materials Conference | 10

Revenues for twelve months ended 3/28/14: $12.5 billion

National Government: Improving 2-year US budget provides funding certainty; MILCON, RDT&E, Procurement, NASA winners

US military bases in Asia Pacific: >$43b; UK defense remains buoyant Nuclear cleanup in UK robust; >$1b environmental remediation projects in North America

Public & Institutional

Infrastructure: Strong Road, rail and airport opportunities abundant in US, Australia, New Zealand, UK and Morocco Uptick in water projects globally; notable sales activity in Asia Pacific; Middle East >$70b

Backlog

US telecom carriers expected to invest ~$35b/year in wireless infrastructure through 2017; Gas distribution gaining traction

Buildings: Improving

(Billions)

7.9

8.2

8.4

Q2-13

Q1-14

Q2-14

6.7

Global construction output growing to $15t by 2025; driven by US, China, and India Significant high tech, aviation, scientific, education, healthcare, and commercial opportunities worldwide End-market diversification a competitive differentiator Jun-14 | Deutsche Bank – Global Industrials & Basic Materials Conference | 11

Q2-12

PharmaBio: Improving Product pipeline mixed but still driving capital investments Client investments in India and Asia; India domestic market to grow from $16b to $50b by 2020 Dominant position; modular, work share, continuity from engineering through construction; Key differentiators

Industrial

Mining & Minerals: Growing Continuing to strengthen market share in tepid environment; SKM strength expands our capabilities and presence Asset optimization, continuous presence a key strength

Backlog

Integrated service delivery and end-market diversification; Key differentiators

(Billions)

Power, Pulp & Paper, High Tech, Food & Consumer Products: Mixed Alliances with international players; greenfield/brownfield global opportunities

2.5

2.2

2.2

2.2

Q2-13

Q1-14

Q2-14

Focus on continuous improvement of safety record having positive impact Industrial facility upgrades; >$5b estimated CapEx Growing our share of power market; new build capacity in UK and Europe; increasing demands in Middle East Jun-14 | Deutsche Bank – Global Industrials & Basic Materials Conference | 12

Q2-12

Refining: Strong High emphasis on reliability and safety projects (ISA 84)

Increasing CapEx investments in US, Middle East and Asia Asia, South America building capacity; $90b predicted investment in Brazil

Process

Tier 3 gasoline opportunities

Oil & Gas: Very Strong Important wins with key clients; continued strong investment in North America; client cadence conservative

Innovation and capital efficiency driving spend in oil sands

Backlog (Billions)

Gas monetization projects strong globally Pipeline services a growth opportunity; ~$4b CapEx in US

Chemicals: Very Strong

7.7

7.8

Q1-14

Q2-14

6.7 5.9

US expansion wave extends beyond ethylene crackers Capital spend anticipated to reach $77.7b this year Pre-FEED and FEED pipeline robust; methanol derivatives a key strength Jun-14 | Deutsche Bank – Global Industrials & Basic Materials Conference | 13

Q2-12

Q2-13

Robust Acquisition Pipeline Areas of Focus

2014 Buildings, Infrastructure, Water, Mining & Minerals, Power, Process, Telecommunications, National Government(intelligence/IT), Upstream (pipelines) Australia, China, South Africa, South America, UK, US Buildings, Water/Wastewater, Mining & Minerals, Infrastructure Australia, China, India, UK, South America, US

Geographies North America

Markets

Upstream and Telecommunications

Buildings, Telecommunications, National Government, Information Technology UK, US Field Construction, Infrastructure, Buildings, Process Canada, UK, Saudi Arabia Infrastructure, Upstream Oil & Gas Hong Kong, US, Scandinavia Upstream Oil & Gas, Chemicals Belgium, Canada, Germany, Netherlands Infrastructure, Aerospace & Defense US, Australia Chemicals, Pharmaceuticals, Buildings France, India, Italy, Mexico, Spain, UK 1994

Pulp & Paper, Buildings US

~1/3 of our Growth Historically Comes from Acquisitions Jun-14 | Deutsche Bank – Global Industrials & Basic Materials Conference | 14

Why Jacobs: A History of Solid Growth • Relationship-based business model – Drives client loyalty, opportunities, and results

• Diversified markets/geographies/services – Fuels growth and manages exposures

• Strong balance sheet and cash position – Enables organic expansion and strategic acquisitions

• Cost position – Creates competitive advantage – Restructuring actions fuel FY2015 growth

Jun-14 | Deutsche Bank – Global Industrials & Basic Materials Conference | 15

National Government

Chemicals

PharmaBio

Food & Consumer Products

Buildings

Oil & Gas Upstream

Mining & Minerals

High Tech

Infrastructure

Refining Downstream

Power

Pulp & Paper

Jun-14 | Deutsche Bank – Global Industrials & Basic Materials Conference | 16

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www.jacobs.com | worldwide

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