Utfordringer og arbeidet som ligger bak NUES-tilpasningene og god virksomhetsstyring KONGSBERG GRUPPEN ASA Hans-Jørgen Wibstad Lene Svenne CFO & EVP Corporate Compliance Officer Oslo, 5. mars 2013
World Class through people, technology and dedication 1624 1814 1987 1993 2006 2013 Silver Kongsberg Crisis and Kongsberg New Starting the Discovery Våpenfabrikk revitalisation Gruppen ASA growth next phase Determined What we start, we finish. We do not give in. Collaborative We collaborate as individuals and as an organization. Innovative We relentlessly pursue improvements, new ideas and new solutions. Reliable We are reliable people. We are responsible citizens. / 2 / WORLD CLASS through people, technology and dedication 2012 KONGSBERG All rights
Solutions from deep sea to outer space Extreme Performance for Extreme Conditions / 3 / WORLD CLASS through people, technology and dedication 2012 KONGSBERG All rights
Focus on technology leadership forms the basis for our international growth Global Top 3 Offshore, merchant shipping applications Niche subsea technologies Niche oil and gas technologies Defence systems and applications Niche space technologies Company data 7 259 employees 72 % with university degree 82 % revenues from outside Norway 25 countries 16 000 14 000 12 000 10 000 8 000 6 000 4 000 2 000 0 REVENUES AND EBITA MARGIN 1990-2012 16 14 12 10 8 6 4 2 0 Sale Domestic (NOKm) Sale Abroad (NOKm) EBITA % / 4 / WORLD CLASS through people, technology and dedication 2012 KONGSBERG All rights
KONGSBERG s business and product mix is exposed to different market drivers that in sum adds robustness REVENUE BREAKDOWN 2012 Merchant Shipping 8 % Other 4 % Offshore / Oil and Gas 40 % Defence (Norway and international) 48 % 20 25% of overall revenues are related to Life Cycle Support and Service / 5 / WORLD CLASS through people, technology and dedication 2012 KONGSBERG All rights
KONGSBERG s global business system is growing Geographical revenue split 1% 20% 18% 25% 36% Norway America Other Rest of Europe Asia International Sales Organization Life Cycle Support Hubs Production Hubs Global Value Chains Global Sourcing / 6 / WORLD CLASS through people, technology and dedication 2012 KONGSBERG All rights
Shares and shareholders 20 largest shareholders (25 January 2013) Shareholders # shares Stake D 01.01.11 1 State repr. by the Ministry of Trade and Industry 60 001 600 50.00% - 2 National Insurance Fund 10 369 492 8.64% -0.42 %p 3 Arendals Fossekompani 9 552 796 7.96% - 4 MP Pensjon 4 812 800 4.01% - 5 Skagen Vekst 3 110 267 2.59% -0.11 %p Total for the 5 largest shareholders 87 846 955 73.21% 6 JP Morgan Chase bank - nominee 1 984 550 1.65% -0.02 %p 7 Odin Norden 1 559 101 1.30% -0.49 %p 8 Odin Norge 1 497 245 1.25% -0.66 %p 9 Danske Invest Norske II 1 199 461 1.00% 0.74 %p 10 Aberdeen Asset Management 959 070 0.80% 0.55 %p 11 Danske Invest Norske 888 644 0.74% 0.51 %p 12 RBC Investor Service - nominee 755 014 0.63% 0.26 %p 13 Montague Place Custody Service 688 000 0.57% 0.09 %p 14 The Northern Trust C Non-treaty acc. 628 662 0.52% New 15 Verdipapirfondet DNB 510 932 0.43% 0.36 %p 16 Odin Offshore 455 500 0.38% -0.40 %p 17 KLP Aksje Norge Indeks Vpf 422 106 0.35% 0.08 %p 18 State Street Bank & Trust Co - nominee 415 738 0.35% 0.06 %p 19 DNB Livsforsikring 406 036 0.34% 0.14 %p 20 BNP Paribas Secs Service - nominee 400 515 0.33% New Total for the 20 largest shareholders 100 617 529 83.85% Total number of shares 120 000 000 100.00% / 7 / 2012 KONGSBERG All rights WORLD CLASS through people, technology and dedication
The Board of Directors of Kongsberg Gruppen ASA Finn Jebsen (62) Chair of the Board Self-employed CEO of Orkla from 2001 to 2005 Other directorships: Chair of the Board of Kavli Holding AS, deputy chair of KLP forsikring, director of Berner Gruppen AS, Anders Wilhelmsen & Co AS and Norsk Hydro ASA Irene Waage Basili (45) Director Chief Executive Officer GC Rieber Shipping Other directorships: Odfjell SE and North Sea Drilling Gro Anne-Lise Aukner (56) Deputy chair Chief Executive Officer and Country Manager Nexans Norway AS Other directorships: EDB Business Partner ASA, Federation of Norwegian Industries, Europacable Norge AS, INTPOW, Nexans Norway AS, Aukner Holding AS and the Confederation of Norwegian Enterprise (NHO). Member of NHO's Ethics Committee and the Executive Management Forum at the Ministry of Petroleum and Energy Roar Marthiniussen (55) Director (employee representat Sales and Marketing Manager, Kongsberg Maritime AS Engineer from the Horten College of Engineering Employee representative since 1999 / 8 / Erik Must (70) Director Other directorships: Chair of the Board of Directors for Fondsfinans ASA, Fondsfinans Kapitalforvaltning Holding AS, Arendals Fossekompani ASA, Gyldendal ASA and Erik Must AS. Director of the NSTC Media Group AS, Norwegian Museum of Cultural History, the Arenzt Legacy and the Biotechnology Centre, University of Oslo, among others John Giverholt (60) Director CEO, Ferd AS Experience from Orkla ASA, DnB ASA and Norsk Hydro ASA Other directorships: Director of Telenor ASA WORLD CLASS through people, technology and dedication Helge Lintvedt (55) Director (employee representative) Senior Project Engineer at Kongsberg Defence Systems Graduate of the Kongsberg College of Engineering Employee representative since 2009 Head of the Norwegian Society of Engineers and Technologists' corporate chapter at KDA, Director, Kai Johansen (45) Director (employee KDA representative) Shop Steward in the Norwegian United Federation of Trade Unions, Kongsberg Protech Systems Training from Kongsberg Vocational School Guild certificate as a CNC operator Employee representative since 2007 2012 KONGSBERG All rights
Great achievements 2012 best mid cap company and best Investor Relations Organization Best 2011 report on Corporate Governance Third time the price is awarded to Kongsberg Gruppen 2011 Stockman price, runner up Best quarterly and annual financial reporting from a financial analysts perspective Slide 9
God virksomhetsstyring i KONGSBERG
Virksomhetsstyring i KONGSBERG - Historikk KONGSBSERG bestemte seg i 2002 for å gi foretaksstyring økt fokus Første rapportering via årsrapporten i 2003 Deltatt i NHOs rådgivende gruppe Kontinuerlig forbedring, utvikling og tilpassning Nå - en naturlig og integrert del av selskapets virksomhet Page 11 06/03/2013 WORLD CLASS - through people, technology and dedication.
Rammeverk Lover og regler Norsk anbefaling for eierstyring og selskapsledelse Statens 10 prinsipper for god eierstyring OECD retningslinjer for statlig eierskap og eierstyring Slide 12
Virksomhetsstyring i KONGSBERG God foretaksstyring kjennetegnes ved et ansvarlig samspill mellom eiere, styret og ledelsen sett i et langsiktig verdiskapende og bærekraftig perspektiv Page 13 06/03/2013 WORLD CLASS - through people, technology and dedication.
KONGSBERGs modell for eierstyring og selskapsledelse Page 14 06/03/2013 WORLD CLASS - through people, technology and dedication.
Vår policy Hovedprinsipper: Åpen, pålitelig og relevant kommunikasjon Styret er selvstendig og uavhengig av ledelsen Unngå interessekonflikter mellom eiere, styret og administrasjonen Likebehandling av aksjonærer Verdigrunnlag og samfunnsansvar er integrert del av policyen Page 15 06/03/2013 WORLD CLASS - through people, technology and dedication.
Styringsdokumenter underbygger modellen Page 16 06/03/2013 WORLD CLASS - through people, technology and dedication.
Virksomhetsstyring i KONGSBERG - Praktisk tilnærming Rammeverk NUES utgangspunkt for vår rapportering og interne arbeid med temaene Regjeringens eierskapsmelding Metode Følger NUES systematikk; etter følg eller forklar prinsippet Systematisk arbeid med rapportering gir verdi til forbedringstiltak av interne rutiner etc. Rapportering Fokuserer på forhold som er viktige for oss Avvik behandles under hvert punkt Målsetting at den skal være lettlest, tilgjengelige, klar og tydelig Praktisk og realistisk tilpasset virksomheten Page 17 06/03/2013 WORLD CLASS - through people, technology and dedication.
Noen utfordringer innen god virksomhetsstyring
Virksomhetsstyring i KONGSBERG - Utfordringer Skape aksept internt / eksternt Forstå interessentenes behov / forretningsmessige behov Gjøre dokumentet til et levende dokument Samfunnsutviklingen / samfunnets forventninger Viktig prinsipp Ærlighet og tydelighet Angi situasjonen i selskapet slik den faktisk er. ikke skriv noe man ikke kan leve opp til. Page 20 06/03/2013 WORLD CLASS - through people, technology and dedication.
Avsluttende kommentarer
Oppsummering / erfaringer God virksomhetsstyring er: Verdiskapende for aksjonærene og øvrige interessenter Tillitsskapende for selskapet Krever langsiktig og systematisk arbeid Krever aksept fra eiere, styret og ledelse Et godt verktøy for internt forbedringsarbeid Gjør det til naturlig og integrert del av selskapets virksomhet / 22 / WORLD CLASS through people, technology and dedication 2012 KONGSBERG All rights
kongsberg.com