Goldman Sachs 2013 Industrials Conference

November 13, 2013Bill Utt – Chairman, President and CEOBrian Ferraioli – Executive Vice President and CFO

Forward Looking StatementsThis presentation contains “forward-looking statements.” All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements include statements about the benefits of the split-off, the discussions of KBR’s business strategies and KBR’s expectations concerning future operations, profitability, liquidity and capital resources. You can generally identify forward-looking statements by terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “objective,” “plan,” “potential,” “predict,” “projection,” “should” or other similar words. These statements relate to future events or future financial performance and involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from those in the future that are implied by these forward-looking statements. Many of these factors cannot be controlled or predicted. These risks and other factors include those described under “Risk Factors” in KBR’s Annual Report on Form 10-K dated February 20, 2013, Forms 10-Q, recent Current Reports on Forms 8-K, and other Securities and Exchange Commission filings. Those factors, among others, could cause KBR’s actual results and performance to differ materially from the results and performance projected in, or implied by, the forward-looking statements. As you read and consider this presentation, you should carefully understand that the forward-looking statements are not guarantees of performance or results. KBR cautions you that assumptions, beliefs, expectations, intentions and projections about future events may and often do vary materially from actual results. Therefore, KBR cannot assure you that actual results will not differ materially from those expressed or implied by forward-looking statements.

The forward-looking statements included in this presentation are made only as of the date of this document. New risks and uncertainties arise from time to time, and KBR cannot predict those events or their impact. KBR assumes no obligation to update any forward-looking statements after the date of this presentation as a result of new information, future events or developments, except as required by the federal securities laws.

Note: All financial statements reflected in this presentation are as of KBR’s 3Q13 earnings conference call on October 25, 2013

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KBR – A Leading Global E&C Provider

Revenue: Full Year 2012 - $7.9 Billion

Backlog: September 30, 2013 - $14.2 Billion

Headquarters in Houston, Texas

~27,000 employees; 70+ countries

KBR is a global engineering, construction, and services company supporting the energy, hydrocarbons, power, industrial, civil infrastructure, minerals, government services and commercial markets.

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KBR’s Global Footprint

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Edmonton

Calgary

WilmingtonArlington

RaleighCharlotte

AtlantaHouston

Birmingham

MMM

Rio De Janeiro

Monterrey

Buenos Aires

GothenburgGreenford

Leatherhead Frankfurt

Algiers

MoscowAtyrau

BakuBaghdad

Kuwait City

DubaiAbu Dhabi

Dhahran

Lagos

Luanda

Johannesburg

New Delhi

Beijing

SingaporeJakarta

PerthAdelaide

MelbourneCanberra

SydneyBrisbane

Ontario

Salt Lake City

DohaDammam Mobile

KBR’s Four Business Segments

LNG FLNG GTL

Gas Monetization Offshore Onshore Pipelines FLNG

Oil & Gas

Refining Petrochemicals Biofuels Fertilizers

Downstream

Refining Petrochemicals Syngas Coal Gasification

Technology

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Infrastructure, Government & Power ServicesN.A. Government & Logistics

Infrastructure Transportation Water / Wastewater Facilities

U.S. Federal Government Department of Defense

International Government, Defence & Support Services U.K. Ministry of Defence Middle East Asia Pacific (APAC)

Power & Industrial Power Pulp & Paper Industrial Manufacturing

Minerals Coal, Iron Ore Base Metals Material Handling

Construction Refining Chemicals Oil & Gas Power

Industrial Services Refining & Chemicals Oil & Gas Power Pulp and Paper

Canada Operations Oil Sands Mining Gas Treating

Building Group Life Sciences and Education Government Buildings Healthcare General Industrial & Aerospace Food & Beverage

HydrocarbonsGas Monetization

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Gas Monetization

Current Gas Mon Projects Progressing Well Gorgon LNG Trains 1-3 Skikda LNG Escravos GTL Ichthys LNG

Strong Pipeline of LNG Projects and Prospects Gorgon Train 4 Pre-FEED with expected FEED

transition, then EPCm Kitimat FEED and EPC Tanzania pre-FEED Petronas LNG FEED and EPC bid Bid preparation for Tangguh Train 3 FEED and EPC bid

Opportunity for GTL in the U.S. Active discussions with a customer and believe a

project could reach FEED in late 2013 or early 2014

FLNG Opportunities Preparing a FEED bid for GDF SUEZ Bonaparte

project Preparing a pre-FEED bid for another project

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HydrocarbonsU.S. Shale Gas Opportunities Awarded ~$600 million Dyno Nobel ammonia EPC and

technology project in Louisiana Awarded EPC contract for an ammonia plant in excess of

$250 million in North America Awarded ~$300 million urea EPC project in North America Awarded ~$100 million for EPC for two new ethylene

furnaces using KBR’s SCORE™ technology Awarded FEED for high-density polyethylene project for

INEOS Working on FEED for fertilizer complex for Ohio Valley

Resources Design, construction and technology for ethylene furnace

for INEOS

Middle East Remains Robust KBR-AMCDE joint venture increasing work volumes Sadara Petrochemical Complex PMC Yanbu Export Refinery Jazan Refinery FEED for Gasifier unit

Growth in Technology Continue to see strong bookings across portfolio of

technologies, including ammonia, VCC, and ethylene Strong suite of technologies:

Advanced Catalytic Olefins (ACO™) Veba Combi-Cracker (VCC) Transport Gasifier (TRIG™) Selective Cracking Optimum Recovery (SCORE™) Ammonia Technology (Purifier™)

Expanding Share of Wallet for Oil & Gas Expansion opportunities at Shah Deniz 2 project in

Caspian for EPCm for both onshore and offshore Increased activity in Gulf of Mexico with pre-FEED and

FEED opportunities in 2014

FLNG Opportunities Preparing a FEED bid for GDF SUEZ Bonaparte project Preparing a pre-FEED bid for another project

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ServicesCanada Operations Strong across variety of markets:

Turnarounds / maintenance Module fabrication Construction projects in Alberta Oil Sands Gas processing projects in Western Canada Client camp support Steam-assisted gravity drainage (SAGD)

Booked approximately $1 billion in backlog in 2012

Recently awarded: 3-year turnaround services contract for Suncor

Energy’s refinery in Edmonton, AB, Canada Off-site modularization and pipe fabrication for

Shell Canada’s Quest Carbon Capture and Storage project

Materials management contract for major SAGD operation in Fort McMurray, Alberta

Industrial Services Steady and consistent performance Awarded large multi-site DuPont award expanding

from 17 to 26 sites in United States Awarded maintenance services contract by

International Paper in Russia Successful expansion into Saudi Arabia with

SATORP to provide maintenance services at its Jubail refinery over the next seven years

Building Group Challenging but stabilizing business environment Stronger multi-family residential and industrial

manufacturing markets

U.S. Construction 3 Gulf Coast projects’ execution consistent with

project provisions taken in fourth quarter 2012 Bidding only reimbursable work for construction only

projects

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Infrastructure, Government & PowerNorth American Government & Logistics Awarded $134 million contract for land-based missile

defense facilities in Romania Awarded $127 million contract for Djibouti Base

Operations Services Diverse portfolio of pursuits (U.S. Army, Navy, and Air

Force, Army Corps of Engineers, Department of State) Slower award environment due to government budget

uncertainties and sequestration

International Government, Defence & Support Services Diversification strategy from contingency operations

Training (military and non-military) Expeditionary life support services Back office services Equipment facilitation

Awarded contract by the London Mayor’s Office for Policing and Crime to provide facilities management integrator services

Additional opportunities to expand services to other Metro London and U.K. policing departments

Power, Infrastructure and Minerals Markets Air quality & combined cycle power opportunities still

strong Received limited notice to proceed on ~$500 million,

600MW combined cycle power project Awarded EPC for $460 million Ghent Baghouse

project for Kentucky Utilities Expanded opportunities in Middle East infrastructure

market (Qatar, Saudi Arabia, Oman, UAE and Iraq) Minerals challenged relative to new opportunities, but

several early-stage KBR studies in progress Slower spending for government-sponsored

infrastructure projects in Australia and the United States

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Well Positioned for North AmericaLNG and GTL Opportunities British Columbia, Canada

Kitimat FEED and EPC Petronas LNG FEED and EPC bid In discussions on another potential LNG project

United States KBR’s experience on 2 of the 3 world-class GTL

facilities positions KBR well (Pearl GTL and Escravos GTL)

Active discussions on GTL projects; advanced discussion with one customer on a proposed GTL facility that could reach FEED in late 2013 or early 2014

Ongoing discussions on a pending LNG EPC bid Maintaining dialogues with other LNG developers

Technology Awards & Opportunities 3 ammonia Purifier™ awards over the past year Tracking approximately 14 ammonia/urea prospects Tracking approximately 6 ethylene prospects

Ammonia & Petrochemical Awards & Opportunities Awarded EPC for an ammonia plant in excess of $250

million to be constructed in North America Awarded ~$300 million urea EPC project in North America Awarded ~$600 million Dyno Nobel ammonia EPC and

technology project in Louisiana Awarded ~$100 million EPC contract for two new ethylene

furnaces using KBR’s SCORE™ technology FEED for fertilizer project for Ohio Valley Resources Design, construction and technology for ethylene furnace for

INEOS in Texas Five ammonia-related EPC and three ethylene-related EPC

prospects potentially by 2014 Several refining and biofuel prospects in 2013

Power Awards & Opportunities Awarded EPC for $460 million Ghent Baghouse project for

Kentucky Utilities Received limited notice to proceed on ~$500 million,

600MW combined cycle power project

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KBR Financials and Backlog

Revenue at $1.8 billion, down 9% ,year-over-year

Job income of $322 million, up 4%, year-over-year

Operating income of $166 million compared to a loss of $11 million, year-over-year

Corporate G&A of $66 million, includes $14 million of ERP-related costs

Earnings per diluted share of $0.16 compared to a loss of $0.55, year-over-year

Cash and equivalents of $959 million compared to $846 million, year-over-year

Backlog of $14.2 billion compared to $14.8 billion, year-over-year

Backlog book-to-bill of 1.2x in 3Q13

3Q13 Earnings Review - KBR

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Backlog

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Continued focus on job income backlog:

Down 10% from December 31, 2012

Up 88% since December 31, 2006

Revenue Backlog Job Income Backlog

80

90

100

110

120

130

140

150

160

170

180

190

200

210

220

2006 2007 2008 2009 2010 2011 2012 9/30/2013

Perf

orm

ance

Inde

x

Strong Corporate G&A Cost Control

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ERP Spend*Note: For illustrative purposes, 2013 Guidance reflects upper-end of corporate G&A guidance of $230 million to $240 million, which includes approximately $40 million expected ERP spend (per 3Q13 guidance for ERP spend )

$150

$160

$170

$180

$190

$200

$210

$220

$230

$240

$250

2007 2008 2009 2010 2011 2012 2013 Guidance*

Cor

pora

te G

&A

$ in

Mill

ions

Investment Thesis

Fundamentally strong, global growth company with diverse portfolio of businesses

Well positioned for growing opportunities in North America

Multiple platforms for acceleration of new orders across global end markets; strategically placing bets on a number of large opportunities through 15 active pre-FEEDs and FEEDs

Driving higher job income and job income margins in the P&L and backlog

Strong focus on corporate G&A cost control and tax planning

Patience, prudence and discipline in managing KBR’s businesses

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