Presented by Matthew Nissen Senior Manager, Business Development

May 9, 2013

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KBR Business Overview

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• Financially Strong

– FY 2012 Revenue: $7.9 Billion

– Backlog: $14.2 Billion

– $904 Million Cash and Equivalents

• Headquarters in Houston, Texas

• 100+ years of operating history

• 27,000 employees in over 70 countries

• Publicly traded on the NYSE (KBR)

• Extensive service capabilities:

– Engineering, procurement, construction,

commissioning, and start-up to global oil,

gas, petrochemical, and infrastructure

customers

– Defense, logistics, and contingency support

for defense services

KBR History

2008 Acquisition of TGI

2004 KBR draws upon its extensive experience designing CO2 compression systems to help build the world’s first full-scale CO2 capture project in Algeria.

2006 KBR becomes a standalone company

1919 Brown & Root is founded as a road construction company in Houston, Texas by George and Herman Brown along with their brother-in-law Dan Root

1956 Kellogg builds the first Crude oil-based liquid Ethylene cracking facility In Europe.

1977 Kellogg constructs Skikda LNG In Algeria, its first LNG liquefaction plant.

1997 Brown & Root starts construction of the automated People Mover system, which connects terminals at Houston’s Bush Intercontinental Airport.

2005 KBR begins Pearl GTL in Qatar, its first GTL project and what will be the largest GTL plant in the world.

2008 Acquisition of BE&K

2008 Acquisition of Catalyst Interactive

1900 Kellogg is founded by Morris W. Kellogg as a small pipe fabrication company

1947 Brown & Root builds the world’s first offshore platform 43 miles south of Morgan City, Louisiana, beyond the sight of land

1965 Brown & Root builds the first offshore platform in the North Sea for Conoco, which would later become a major offshore hub.

1997 KBR wins LOGCAP contract to support the U.S. military with base camps and other life support services.

1998 M.W. Kellogg Company merges with Brown & Root to form Kellogg Brown & Root (KBR).

2008 Acquisition of Wabi Development Corp

2010 Acquisition of Energo Engineering

1996 Acquisition of Granherne

2001 Acquisition of GVA

2010 Acquisition of

Roberts & Schaefer

2011 KBR acquires remaining

shares of MWKL

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KBR’s Business Segments

DOWNSTREAM

HYDROCARBONS GROUP

INFRASTRUCTURE, GOVERNMENT & POWER

GAS MONETIZATION OIL & GAS TECHNOLOGY

NORTH AMERICAN

GOVERNMENT &

LOGISTICS

INTERNATIONAL

GOVERNMENT,

DEFENSE

& SUPPORT

SERVICES INFRASTRUCTURE POWER &

INDUSTRIAL

MINING

& MINERALS

SERVICES

VENTURES

U.S. CONSTRUCTION INDUSTRIAL SERVICES KBR CANADA BUILDING GROUP

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Infrastructure, Government, and Power

Mining & Minerals

Mark Read

Infrastructure

Colin Elliott

International Government,

Defence & Support

Services

Andrew Pringle

N.A. Government &

Logistics

Power & Industrial

Jim Stewart

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Infrastructure, Government, and Power

Andy Summers

U.S. Federal Government

Department of Defense Power

Pulp & Paper

Alternate Energy

Transportation

Water

Facilities

Minerals

U.K. Ministry of Defence

Middle East

Asia Pacific (APAC)

KBR Delivers in six distinct markets: Infrastructure & Minerals, Government & Defense, and Power and Industrial

Operations and Maintenance

Logistics Construction Design/Build

Facilities Management

Program & Project Management

Construction Management

Training

Engineering EPC Project

Management Construction

Management

Engineering EPCM Project Management Construction

Management Event Management

Engineering EPC Project

Management Construction

Management

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LG&E / Kentucky Utilities

Carbon Capture Study

2011

LCRA Fayette Power

Project 2 x 600 MW Wet FGD’s

2011

Dominion Kincaid

Dry Sorbent Injection

In Progress

Progress Energy Sherman H. Smith 600 MW Combined

Cycle

2011

Southern Co. Scherer

SCR and WFGD Units 1&2

In Progress

National Grid Croydon & Hendon 400kV Cable Circuit

Replacements

In Progress

Barrow Wind, Eastern Irish Sea 90 MW Offshore

Wind Farm

2006

Dongguan Power, China

120 MW IGCC / TRIG™ Retrofit

In Progress

AGL Energy Macarthur Wind Farm – 420MW

In Progress

LCRA Fayette Power

Project Unit 3 FGD Rebuild

2010

Southern Co. Radcliffe

582 MW IGCC / TRIG™

In Progress

Solid Waste Authority

100 MW Waste-to-Energy Plant

In Progress

Palm Beach County, SWA

Waste to Energy Retrofit

2012

Seminole Electric Coop Wet to Dry Ash

Project

In Progress

Southern Co. Scherer

4 x 880 MW Baghouses

2010

SSE – PMC Scotland $13 Billion

Capital Program

In Progress

Jazan Refinery Saudi Arabia

(5) 2x1F CTCC FEED

In Progress

Dominion Offshore Wind

FEED

In Progress

KBR Power – Major Current / Recent Projects

Kentucky Utilities Ghent

Air Emissions Control Systems

In Progress

Kentucky Utilities

AIR EMISSIONS CONTROL

SYSTEMS PROJECT

Location: Ghent, KY

Scope: EPC

Contract Value: $400 Million

Completion Date: December 2015

Highlights:

• KBR will lead the installation of Particulate Matter Control

Systems on all four units

• Each system will include:

– Pulse-jet fabric filter to capture particulate matter

– Powdered Activated Carbon injection system to capture

mercury

– Lime injection system to protect the pulse-jet fabric filter

from the corrosive effects of sulfuric acid mist

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Solid Waste Authority

PALM BEACH RENEWABLE

ENERGY FACILITY UNIT 2

Location: West Palm Beach, FL

Scope: EPC

Contract Value: $450 Million

Completion Date: February 2015

Highlights:

• New facility will include three boiler and air pollution control

trains to process in excess of one million tons of municipal

solid waste per year and generate enough electricity to

power 56,000 homes

• Plant processes 3,000 tons of municipal solid waste per day

and generates 95 MW of power

• Includes metals recovery system to maximize the recycle of

aluminum, steel and other metals

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Dominion

KINCAID DRY SORBENT

INJECTION PROJECT

Location: Kincaid, Illinois

Scope: EPC, Commissioning and Startup

Contract Value: $47 Million

Completion Date: 2013

DSI System: Nol-Tec Systems Sorb-N-Ject

Technology

Highlights:

• 2 x 580 MW PRB coal fired units

• 12 tph DSI injection rate

• 100 tph rail unloading facility

• 50 tph truck unloading

• SBC milling and onsite storage

• 100% redundancy

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Southern Company (Georgia Power)

PLANT SCHERER UNITS 1 &

2 SCR AND WFGD PROJECT

Location: Forsythe, GA

Scope: Construction Services

Contract Value: $150 Million

Completion Date: 2012

Highlights:

• Construction of the SCR and WFGD is an integral part of

Georgia Power’s air quality control program

• Units 1 & 2 are 2x880 MW – part of the largest coal-fired

power plant in the United States

• WFGDs are supplied by Advatech

Southern Company (Georgia Power)

LANT SCHERER UNITS 1-4

BAGHOUSE PROJECT

Location: Forsythe, GA

Scope: EPC Services

Contract Value: $500+ Million

Completion Date: 2010

Highlights:

• 4 x 880 MW Baghouse and ACI injection system installations

(particulate and mercury control)

• Schedule – engineering started and construction mobilized

in 2007; first unit complete in 2008, and final unit complete in

2010 on schedule

• Over 9,000 tons (4,600 lf) of ductwork

• Upgrades of four 8000/4500 hp ID fans

Progress Energy

RICHMOND COUNTY - UNIT 5

COMBINED CYCLE PROJECT

Location: Hamlet, North Carolina

Scope: General contractor

(including field procurement and

startup support)

Completion Date: 2011

Highlights:

• 630 MW Combined Cycle

– 2 x Siemens 5000F (3) CTG’s

– 2 x Vogt HRSG’s

– GE D-11 STG

• 0.87% Weld Reject Rate

• Completed ahead of schedule January 2011

• Over One Million Hours Without a Recordable / Zero Lost

Time Accidents

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KBR – Making a Difference Through:

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• Successfully executing large, complex projects in difficult

locations

• Experienced resources and integrated project teams

• Execution excellence

• Local sustainable development solutions that transform

resources and lives

• Health, Safety, Environmental performance

• Global alliances, partnerships, and purchasing power