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Dovre Group Plc
Strategy Presentation
Becoming the Most Advanced in
Project Management Services
January 25, 2013
2
Dovre Group is a global provider of project
management services and software. Dovre Group
consists of three divisions: Project Personnel,
Consulting, and Software. In 2011, the Group’s net
sales were EUR 77 million. Dovre Group employs
over 400 people worldwide. Dovre Group is listed on
the NASDAQ OMX Helsinki (symbol: DOV1V)
Project Personnel Business Area offers project
professionals for large complex projects
Consulting Business Area offers management and
project management consulting services
Software Business Area offers software for project
management
Dovre Group today
Russia &
Australia
Proha renamed Dovre
Group
2010 2011 2012
Organizational
changes
Legal
restructuring
completed
SEA acquisition &
investment
Middle-East
Entering to
biorenewables
Norway Canada
First dividend
payout
2006 2004
3
We are well positioned for the market needs
• Project Management
competence for complex
projects
• In-depth
understanding of
energy markets
• Established vendor
in global growth
markets
Our strengths
4
Agenda
Global market trends
Developing Dovre Group further
Long term financial objectives (2013 – 2017)
Dovre Group´s performance
5
We have continued to perform strongly
0
20
40
60
80
100
2007 2008 2009 2010 2011 1-9/2012
Net Sales
-1
0
1
2
3
4
2007 2008 2009 2010 2011 1-9/2012
Comparable Operating Profit
-1
0
1
2
3
4
5
2007 2008 2009 2010 2011 1-9/2012
Comparable Operating Profit %
-10
-5
0
5
10
15
20
2007 2008 2009 2010 2011 2012
Return on Equity %
MEUR MEUR
*Includes reimbursable expenses due to reclassification (IFRS)
* *
6
Recent key achievements
Successful turnaround towards profitable growth - all
business areas strongly growing with profitability beyond
industry average
Long-term frame agreement with major international oil
company
Expansion into BioRenewables
Acquisition of minority stake in Singapore based
renewable energy project developer company
Equity investment in an Indonesian renewable energy
producer
7
Agenda
Global market trends
Developing Dovre Group further
Long term financial objectives (2013 – 2017)
Dovre Group´s performance
8
Driving trends
Growing
need for
Project
Professionals
and Services
New
opportunities
in Renewable
Energy
New methods
to attract
professionals
Rising energy demand
Growing need for renewable and
sustainable energy
Global mobility of professionals
Internet continues to reshape
recruiting
9
Growing demand for our services
Source: Bloomberg New Energy Finance
Source: Wood MacKenzie, 2011
Global energy demand will be almost
35 % higher in 2030 than it was in 2005 according to ExxonMobil
Renewable capacity installed, 2005-30 ($bn) Cumulative upstream investments 2011 - 2014
10
We will benefit from market and Internet growth
Source: Schlumberger Business Consulting, 2011,
excludes China and oil field service companies
2 4 8 17 32
55
90
2004 2005 2006 2007 2008 2009 2010
1/2013: 200 M+
Linkedin growth, index for online recruiting
Online will be most important recruiting channel
Source: Boston Consulting Group, World Federation of People Management Associations, 2012
Employee referral marketing
Company website
Job portals
Partnerships (e.g. universities)
Online advertising
Support programs for targeted…
Social media pages
On-campus advertising
Friends and families
Headhunters
Job fairs
Company-sponsored events
Temporary workers
Work agencies
Newspaper advertising
Top 7
Source: Linkedin, 2012
2011 2015 Required
Need for Oil & Gas professionals
is increasing
137 800 153 000
11
Agenda
Global market trends
Developing Dovre Group further
Long term financial objectives (2013 – 2017)
Dovre Group´s performance
12
Global Reach - Local Presence
We will become the most
advanced provider of specialized
Project Management Services in
energy sector globally.
The foundation is our local
presence, customer focus, best
people and first class services.
Our Vision
13
We aim for global service business growth
Manpower, consulting and
software for Project Management
Project Management
Services
Knowledge Resourcing
We provide world-class project
management expertise for investment
projects throughout project life-cycle
We aim to be a preferred partner to all
players both in conventional and
alternative new energy sources
14
Structure - Project management services
Project
Personnel
Project
professionals
to large
investments
projects
Consulting
Management
and project
management
consulting
services
15
Our strategic programs to become most advanced
Expand and strengthen Consulting
business
Implement new business platform for
Project Personnel
Build group wide excellence and strong
brand
16
Expand and strengthen Consulting business
World class Management and Project
Management Consulting Services
Customer intimacy, flexibility and
innovativeness in services
Further expansion to renewables, initial
focus on biorenewables.
Growth and expansion supported by
reputable partners and selective M&A`s
17
Implement new business platform for Project Personnel
Development of next generation platform with
latest digital and social media capabilities
Automatization of processes and self-service
Data analytics driven operations
Expanded talent base and more efficient
operations leading to delighted customers
18
Build group wide excellence and strong brand
One recognized Dovre Group brand
Synergies between businesses
Shared platforms, processes and
competencies
Attractive employer and preferred partner
with winning culture
19
Agenda
Global market trends
Developing Dovre Group further
Long term financial objectives (2013 – 2017)
Dovre Group´s performance
20
Long term financial objectives (2013 – 2017)
Growth
Profitability Our long-term financial
objective is an operating result
margin on the level of 5-10 %
with an average annual net
sales growth of more than 15%