Transcript Slide 1

FLUOR AS EPC LEADER IN POWER SECTOR

“Zmieniamy Polski Przemysł”, 3 rd February 2009, Warsaw COMPANY CONFIDENTIAL © 2009 Fluor Corporation. All Rights Reserved.

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AGENDA

 Safety Always First  Fluor Corporation  Fluor Power  Fluor in Poland  Fluor’s Power Experience  Why Fluor?

February 2009 2

SAFETY ALWAYS FIRST

February 2009 TCIR rate of 0.40 with 318 million man-hours worked!

In 2008 Fluor noted recordable TCIR = 0.33

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FLUOR CORPORATION

 One of the largest publicly owned Engineering, Procurement, Construction and Maintenance companies  2007 revenue:

$16.7 billion

3Q2008 revenue:

$16.3 billion

 2007 new awards:

$22.6 billion

3Q2008 new awards:

$20.9 billion

 2007 backlog:

$30.2 billion

3Q2008 backlog:

$36.5 billion

 Over

1,000

projects annually, serving more than

600

Clients in

85

different countries  More than

47,000

employees worldwide including

630

in Poland  Offices in more than

25

countries  Nearly

100

years of experience

Fluor Corporate Headquarters

Dallas, Texas

February 2009 4

FLUOR CORPORATION

Serving Diversified Industries February 2009

Energy & Chemicals

 Chemicals  Downstream  Upstream  LNG  IGCC

POWER

Solid Fueled & Biomass

Gas/IGCC (including Wind Farms, Solar Plants)

Betterments (CO2, SO2, NOx)

Nuclear Global Services Government

 Operations & Maintenance  Procurement  Project Execution Services  Sr. VPs Project Management  Construction Equipment & Tools  Government Projects in USA and rest of the world  Environmental & Nuclear  UK Nuclear Decommissioning Authority

Industrial & Infrastructure

         Mining Metals Telecommunication Transport Water Life Sciences Manufacturing Microelectronics Healthcare 5

FLUOR POWER

Global Presence – Power Offices Only

Aliso Viejo, CA

Gas Fueled/IGCC/ Renewables

Dallas, TX

Corporate Headquaters

Houston, TX

Gas/Solid Fueled February 2009

Camberley, UK

Gas/Solid Fueled/Nuclear/Plant Betterment

Madrid / Asturias, Spain

Gas Fueled/ Rnewables

Haarlem, The Netherlands

Gas and IGCC

Gliwice, Poland

EPC & Workshare

Charlotte, NC

Gas/Solid Fueled/ Plant Betterment

Greenville, SC

Solid Fueled/Plant Betterment/Nuclear/ Renewables

Brno, Czech Republic

EPC & Workshare

Shanghai, China

Plant Betterment/IGCC / Solid Fueled

Manila, Philippines

Global Execution Center Gas

New Delhi, India

Global Execution Center Gas/Coal

Johannesburg, South Africa

Gas/Solid Fueled/Nuclear

FLUOR IN POLAND

Gliwice Office  The biggest project office in Poland, more than

630

employees  Industry experience since 1945  Executing local, regional & international projects  Executing EPC & workshare projects  Using the same tools and Management & Quality & HSE Systems as other Fluor’s Offices  More than

400

3D PDS stations  ISO9001 since 1998 February 2009 7

FLUOR’S POWER EXPERIENCE

Gas Fueled Capabilities February 2009  EPC industry leader in Gas Fueled Power Plants –

100,000

MW 

300

Gas Turbines installed in

160

Power Stations worldwide  Power range from

49

MW to

1,789

MW  All fuel types:

Natural gas, low Btu gas, fuel oil, others

 Technology:

Simple Cycle, Combined Cycle, Combined Heat & Power, IGCC

 Working with all major Turbine Suppliers:

GE, Siemens, Alstom, Mitsubishi, Toshiba, ABB, Sulzer and others

 Working with HRSG Suppliers including:

Nooter Erikson, Aalborg, Deltak, Vogt, NEM

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FLUOR’S POWER EXPERIENCE

Gas Fueled – Only Projects Since 2002 February 2009 9

FLUOR’S POWER EXPERIENCE

Gas Fueled - Project Highlights Project:

Chuck Lenzie Generating Station

February 2009 Completed date: 2006 Location: Las Vegas, Nevada, U.S. Description: Gas Turbine Combined Cycle Power Plant – 1,200 MW AQCS: Fuel Conditioning SCR Fluor Scope: Engineering, Procurement, Construction, Commissioning Gas Turbines: General Electric HRSGs: General Electric The largest air cooled condenser in North America

FLUOR’S POWER EXPERIENCE

IGCC Capabilities  30 years experience in industry gasification technology February 2009  Gasification know-how on both Power Plants and Process Plants  All fuel types:

Coal, lignite, biomass, petroleum coke, others

 IGCC technology neutral:

ConocoPhilips E-Gas, ECUST, GE, Lurgi, Mitsubishi, Shell, Siemens SFG, Uhde PRENFLO

 Expertise in supporting technologies:

Sulfur recovery, CO 2 recovery & compression

 Fluor has done more than 150 gasification studies and analysis, designed & built more than 20 gasification projects including: – –

Sasol II & Sasol III in South Africa - the largest coal gasification plant in the world processing 100,000 ton coal per day Great Plains Synfuels Plant, North Dakota, U.S. – the largest coal gasification plant in North America with CO 2 capture, designed by Fluor

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FLUOR ’S POWER EXPERIENCE

IGCC – Key Projects Highlight February 2009 12

FLUOR’S POWER EXPERIENCE

IGCC - Project Highlights February 2009 Project:

Three-Train Gasification Unit

Completed date: 1997 Location: Pernis, The Netherlands Description: Gasification of 1,656 tons/day of residual oil to syngas & Combine Cycle Gas Power Plant AQCS: Sulfur removal Fluor Scope: Engineering, Procurement, Construction Managment Technology: Shell Part of syngas used to produce 285 tons/day of hydrogen Rest of syngas used for combined cycle power generation Gas Turbines: General Electric

FLUOR’S POWER EXPERIENCE

Coal Fueled Capabilities February 2009  In the last 10 years designed & built more coal fired plants than any other EPC company in Power business  Power from

65

MW to

1,760

MW  Technology:

Subcrititcal, Supercritical, Ultra Supercritical, Circulating Fluidized Bed

 All major fuel types:

Coal, pulverized coal, lignite, biomass, others

 Working with all major Steam Turbine Suppliers:

GE, Siemens, Alstom, Mitsubishi, Toshiba, ABB, Sulzer and others

 Efficiently reducing the schedule and capital costs utilizing available reference plant designs:

2x65MW, 181MW, 250MW, 400MW, 2x615MW, 2x750MW, 2x800MW

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FLUOR’S POWER EXPERIENCE

Coal Fueled – Reference Short List February 2009 15

FLUOR’S POWER EXPERIENCE

Coal Fueled – Projects Highlight Project:

TXU Oak Grove Project

February 2009 Ongoing, target completion date: June 2010 Location: Robertson County, Texas Description: Supercritical Pulverized Coal Fired Power Plant – 1,634 MW AQCS: Baghouse, Wet FGD, SCR, Mercury Control using Activated Carbon Injection Fluor Scope: Engineering, Procurement, Construction, Commissioning 80% cleaner than average in U.S.

2500 craft at peak Steam Turbines: GE Boilers: Alstom, Babcock & Wilcox

FLUOR ’S POWER EXPERIENCE

Betterments & Renewables Capabilities  To comply with environmental legislation  To increase efficiency of existing units  Flue Gas Desulphurization –

Removal of SO2

43

units; 19,665 MW  Selective Catalytic Reduction –

Removal of NOx

28

units; 16,081 MW  Electrostatic Precipitator/Fabric Filters –

Removal of dust

42

units; 25,882 MW  Mercury Control System –

12

units; 7,241 MW  Renewables: Wind Farms, Solar, Biomass February 2009 17

FLUOR’S POWER EXPERIENCE

Betterments – Only Projects Since 2002 February 2009 18

FLUOR’S POWER EXPERIENCE

Betterments – Projects Highlight Project:

SSE SCRs at Fieddler’s Ferry and Ferrybridge

February 2009 Completed date: October 2008 Location: United Kingdom Description: To achieve compliance with the LCP, IPPC AQCS: 6 SCRs on 6x500MW coal fired units Fluor Scope: Feasibility Study The only technology neutral offer made Fluor successful to win the next stage FEED 3D PDS models on Feasibility Study stage

FLUOR ’S POWER EXPERIENCE

Renewables – Projects Highlight Project:

Greater Gabbard Offshore Wind Farm

February 2009 Ongoing Location: Cost of Suffolk, UK Description: 500 MW Wind Farm 140 wind turbines 3.6MW each Associated infrastructure including met masts and offshore transformers Wind Turbines by Siemens Fluor Scope: Engineering, Procurement, Construction, Commissioning Once constructed it will be the world’s largest offshore wind farm project 147 square kilometres

FLUOR’S POWER EXPERIENCE

Betterments - CCS Capabilities February 2009  Fluor owns CO 2 Capture Technology -

Econamine FG Plus SM

37

CO 2 Capture Units built based on this technology  More than

20

years of proven operating experience 

Econamine FG Plus SM

works well in difficult environments like boiler stack and gas turbine flue gas streams  Fluor has experience with following captured CO 2 treatment: utilization within chemical plant, compressing and liquefying, transporting, Enhanced Oil Recovery, purifying for food industry  Fluor has designed and constructed almost

2000 km

of CO 2 transport pipelines including infrastructure – pump stations, meter stations, injection points  Fluor is executing feasibility study for CO 2 storage to the reservoir under the see bed for Confidential Client in the U.S. 21

FLUOR ’S POWER EXPERIENCE

CO2 Capture & Transport – Projects Highlight February 2009  

Wyoming to Dakota CO 2 Pipeline Project

Scope EPC, Ongoing but Phase 1 completed , U.S.

1000 km CO 2 pipelines 16-inch & 20-inch with 9 pump and 13 meter stations. Phase 1 completed: 170 km CO 2 pipelines, 1 pump and 3 meter stations.

CO 2 Removal from Flue Gas Bellingham

Scope EPC, Status: Completed in 1992 , Massachusetts, U.S.

CHP Plant with CO 2 capture capacity of

350 ton/day

. Captured CO 2 compressed, purified and liquefied to be sold to the food industry is 

E.ON Energie AG CCS Pilot Plant

, Wilhelmshaven, Germany Scope EPC, Status: Ongoing CO 2 CO 2 capture capacity of

70 ton/day

on existing 474 MW Coal Power Plant. will be compressed and liquefied for transport.

Gassnova CO 2 Capture at Karsto

Scope FEED, Status: Ongoing , Norway CO 2 capture capacity of

3,000 ton/day

Once built it will be the largest CO 2 on existing 420 MW Gas Power Plant. capture facility in the world on gas plant. 22

FLUOR’S POWER EXPERIENCE

Nuclear Energy Capability February 2009  Fluor’s nuclear diverse experience begun in 1940s  Designed

3

Nuclear Power Plants  Constructed

10

Nuclear Power Plants, and supported construction of

10

others  From 1977 focused on modifications and maintenance (90million hours)  In 1990s expanded services for decommissioning and environmental cleanup  Fluor has performed about

$1

billion annually in nuclear facility decommissioning over the past 10 years  Since 2007, again all licences in place and full EPC capabilities focusing on new builds and modifications  Experience with PWR and BWR reactor technologies 

2,750

personnel with nuclear experience 23

FLUOR ’S POWER EXPERIENCE

Nuclear Energy – Current Projects Highlight  South Texas Project, Bay City, Texas, U.S.

– – – – – – Engineering, Procurement, Consturction and Commissioning 2 new Advanced Boiling Water Reactors (ABWRs) Total capacity of 2,700MW Toshiba will provide reactors 6,000 craft planned on site First 2 new units built in U.S. for more than 2 decades  Oconee Nuclear Station, Lake Keowee, South Carolina, U.S.

– – – – – Engineering, Procurement, Construction and Commissioning Major capital modifications Installing tornado barriers, replacement of 1,5 MW pump (nuclear safety item) with all associated piping, new reinforced concrete building to house emergency switchgear and about 80 km of wiring Construction started in June 2008 Currently 55 craft on site; 300 planned in peak February 2009 24

WHY FLUOR?

February 2009  Executing of all type of Power Plants worldwide  Financial stability  Sourcing material globally  Strategic Relationship Agreements (SRAs)  Linking global engineering resources  Meeting compressed schedule  Having excellent safety records, unmatched by competition  European Power Market is changing – EPC Contractors have larger role on projects  Number #1 in Fortune Magazine ’s “EPC Category” of America ’s largest corporations 25

FLUOR AS EPC LEADER IN POWER SECTOR

February 2009 Dariusz Kie łtyka E-mail: [email protected]

Thank You