Sembcorp Industries Ltd. · SGX:U96
Sembcorp Industries — Q1 2006 Earnings Presentation
12 slides from Sembcorp Industries's earnings presentation, May 8, 2006
Slide 1: 1Q2006 Results - CEO's Report
1Q2006 Results May 8, 2006 1 CEO’S REPORT By Tang Kin Fei Group President & CEO SembCorp Industries 2 1
Slide 2: Highlights
Highlights Solid performance in 1Q2006 - PATMI of $481.9m, up 566% - PATMI before EI of $83.6m, up 42% - Turnover of $1.9bn Healthy balance sheet maintained - Net gearing at 0.04x - Interest cover at 15 times EVA up from $43.2m in 1Q05 to $451.0m in 1Q06 3 Highlights Business Update Utilities - Grow
Slide 3: Highlights: Business Update and Strategic Milestones
Highlights Business Update Enviro - Orderbook at $625.6m - Focus on Pre-Disposal Treatment and Waste-to- Resource - Established Jiangsu SembCorp Chunxing, a 50:50 joint venture to capitalise on the growing demand in China for recycled lead Engineering & Construction - Continued focus on process engi
Slide 4: Financial Review - Group Profit & Loss
FINANCIAL REVIEW By Lim Joke Mui Group CFO SembCorp Industries 7 Group Profit & Loss $M 1Q06 1Q05 % Turnover 1,856 1,855 0 EBITDA 583 159 266 PBT 548 115 378 PATMI before EI 84 59 42 PATMI 482 72 566 EPS before EI (cents) 4.8 3.2 49 EPS after EI (cents) 27.6 4.0 597 Solid bottom-line growth 8 4
Slide 5: Group Turnover by Businesses
Group Turnover $M 1Q06 1Q05 % Utilities* 888 683 30 Marine 496 441 13 Logistics 133 138 (4) Enviro 55 52 4 E&C 242 499 (52) Others / Corporate 42 42 0 Total 1,856 1,855 0 *Note: Utilities (excluding Offshore Engineering) 832 616 35 Offshore Engineering 56 67 (17) 9 Turnover (%) by Businesses Enviro
Slide 6: Turnover by Geography and Contribution to PATMI
Turnover (%) by Geographical Areas* Others Others 8% 6% Rest of Asia 15% Rest of Asia 27% Singapore 44% Singapore 54% Europe 23% Europe 23% 1Q06 1Q05 Total Turnover - $1.9bn Total Turnover - $1.9bn 11 *Based on geographical location of customers Contribution to PATMI $M 1Q06 1Q05 % Utilities 45.3 34
Slide 7: Exceptional Items and Group Capex
Exceptional Items $M 1Q06 Gain on divestment of Logistics 463.3 Additional charge arising from final settlement on Solitaire (65.0) Net Exceptional Items 398.3 13 Group Capex $M 1Q06 Fixed Assets Items Utilities 57.9 Marine 8.0 Logistics 3.8 Enviro 3.6 E&C 0.6 Others 2.2 Total 76.1 14 7
Slide 8: Group Cash Flow and Group Borrowings
Group Cash Flow $M 1Q06 1Q05 CASH FLOW FROM OPERATING ACTIVITIES - Before changes in working capital 188 138 - Changes in working capital (72) 275 - Tax paid (1) (2) 115 411 CASH FLOW FROM INVESTING ACTIVITIES - Net cash outflow on disposal of SembLog (347) 0 - Divestment proceeds and sale of fixed
Slide 9: Financial Indicators
Financial Indicators 1Q06 FY05 (Annualised) Before EI EPS (cents) 17.8 15.7 ROE (%) 14.3 14.2 ROTA (%) 6.4 5.2 After EI EPS (cents) 40.5 17.1 ROE (%) 29.9 15.3 ROTA (%) 11.4 6.1 Financial ratios improved 17 Financial Indicators Mar 31, 2006 Dec 31, 2005 NAV per share ($) 1.44 1.14 NTA per share ($)
Slide 10: Group Outlook
Group Outlook The Group’s overall performance for 2006 is expected to be better than that of 2005. 19 Disclaimer This presentation contains forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in f
Slide 11: Thank You - Appendix
Thank You a— — SembCorp = Industries —— — APPENDIX 11
Slide 12: Group Orderbook
Group Orderbook ($M) As at Mar 31, 2006 Utilities (SMOE) 284 Marine 6,823 Enviro 626 Engineering & Construction 2,073 TOTAL 9,806 Note: Excludes long-term contracts 23 12