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Brunel International N.V.

Earnings Release Nov 1, 2013

3823_iss_2013-11-01_6fa81747-df39-421f-96bd-f8c98a3c292e.pdf

Earnings Release

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Appendix to the press release 1 November 2013 Q3 2013

Highlights for the period ended 30 September

Brunel International N.V. (unaudited)

P&L amounts in € million
Q3 2013 Q3 2012
(restated)
Change % YtD 2013 YtD 2012
(restated)
Change %
Revenue 343.0 322.3 * 6% 943.7 910.4 ** 4%
Gross Profit
Gross margin
62.6
18.3%
58.1
18.0%
8% 167.1
17.7%
165.0
18.1%
1%
Ebit
Ebit %
22.5
6.6%
19.6
6.1%
15% 49.5
5.2%
54.4
6.0%
-9%
Average directs 11,587 10,139 14% 11,131 9,709 15%
Average indirects 1,489 1,341 11% 1,499 1,331 13%
Ratio direct / indirect 7.8 7.6 7.4 7.3

* 10% at constant currencies

** 7% at constant currencies

Brunel Oil & Gas (unaudited)

P&L amounts in € million
Q3 2013 Q3 2012 Change % YtD 2013 YtD 2012 Change %
(restated) (restated)
Revenue 244.2 226.6 8% 655.0 628.6 4%
Gross Profit 28.2 24.5 15% 71.8 67.9 6%
Gross margin 11.5% 10.8% 11.0% 10.8%
Ebit 12.9 11.2 15% 27.0 28.9 -7%
Ebit % 5.3% 4.9% 4.1% 4.6%
Average directs 7,215 5,830 24% 6,810 5,545 23%
Average indirects 684 532 29% 695 524 33%
Ratio direct / indirect 10.5 11.0 9.8 10.6

Brunel Energy (unaudited)

P&L amounts in € million
Q3 2013 Q3 2012
(restated)
Change % YtD 2013 YtD 2012
(restated)
Change %
Revenue 204.4 155.0 32% 552.7 426.1 30%
Gross Profit 24.1 18.1 33% 62.3 49.3 26%
Gross margin 11.8% 11.7% 11.3% 11.6%
Ebit 10.0 6.2 61% 21.3 14.7 45%
Ebit % 4.9% 4.0% 3.9% 3.4%
Average directs 6,695 5,068 32% 6,354 4,763 33%
Average indirects 646 490 32% 657 483 36%
Ratio direct / indirect 10.4 10.4 9.7 9.9

Brunel Projects

(unaudited)

P&L amounts in € million
Q3 2013 Q3 2012
(restated)
Change % YtD 2013 YtD 2012
(restated)
Change %
Revenue 39.8 71.6 -44% 102.3 202.5 -49%
Gross Profit 4.1 6.4 -36% 9.5 18.6 -49%
Gross margin 10.3% 8.9% 9.3% 9.2%
Ebit 2.9 5.0 -42% 5.7 14.2 -60%
Ebit % 7.3% 7.0% 5.6% 7.0%
Average directs 521 763 -32% 456 782 -42%
Average indirects 32 30 7% 32 28 16%
Ratio direct / indirect 16.3 25.4 14.1 27.9
Brunel Europe
---------------
(unaudited)
P&L amounts in € million
Q3 2013 Q3 2012 Change % YtD 2013 YtD 2012 Change %
Revenue 98.8 95.8 3% 289.0 282.1 2%
Gross Profit 34.4 33.6 2% 95.2 97.1 -2%
Gross margin 34.8% 35.1% 32.9% 34.4%
Ebit 12.0 11.7 3% 29.9 32.3 -7%
Ebit % 12.1% 12.2% 10.3% 11.4%
Average directs 4,372 4,309 1% 4,321 4,163 4%
Average indirects 788 782 1% 791 780 1%
Ratio direct / indirect 5.5 5.5 5.5 5.3
Brunel Germany
(unaudited)
P&L amounts in € million
Q3 2013 Q3 2012 Change % YtD 2013 YtD 2012 Change %
Revenue 53.3 48.7 9% 152.0 136.2 12%
Gross Profit 20.6 18.8 10% 55.5 50.9 9%
Gross margin 38.6% 38.6% 36.5% 37.4%
Ebit 8.6 7.2 19% 21.0 17.9 17%
Ebit % 16.1% 14.8% 13.8% 13.1%
Average directs 2,215 2,086 6% 2,180 1,979 10%
Average indirects 406 391 4% 409 378 8%
Ratio direct / indirect 5.5 5.3 5.3 5.2
Brunel Netherlands
(unaudited)
P&L amounts in € million
Q3 2013 Q3 2012 Change % YtD 2013 YtD 2012 Change %
Revenue 39.1 38.7 1% 116.2 121.3 -4%
Gross Profit 12.2 12.9 -5% 34.9 40.5 -14%
Gross margin 31.2% 33.3% 30.0% 33.4%
Ebit 3.6 4.6 -22% 9.4 14.5 -35%
Ebit % 9.2% 11.9% 8.1% 12.0%
Average directs 1,830 1,824 0% 1,794 1,803 0%
Average indirects 319 321 -1% 317 329 -4%
Ratio direct / indirect 5.7 5.7 5.7 5.5

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