Sembcorp Industries Ltd. · SGX:U96

Sembcorp Industries — Q1 2009 Earnings Presentation

19 slides from Sembcorp Industries's earnings presentation, May 12, 2009

  1. Slide 1: 1Q2009 Results Announcement

    1Q2009 Results Announcement May 12, 2009

  2. Slide 2: Scope of Presentation

    Scope of Presentation – CEO’s Report – Financial Review – Group Outlook  Sembcorp Industries 2009 2

  3. Slide 3: CEO's Report

    CEO’s Report Tang Kin Fei Group President & CEO

  4. Slide 4: 1Q2009 Performance Round-up

    1Q2009 Performance Round-up Turnover of S$2.1 billion PBT of S$215.8 million, up 6% PATMI of S$133.6 million, up 9% ROE (annualised) at 18.3% EVA at S$120.2 million Rewarding shareholders – Final tax exempt one-tier dividend of 11.0 cents per ordinary share was paid out on May 8, 2009  Sembcorp Ind

  5. Slide 5: Strong Financial Stability

    Strong Financial Stability Healthy balance sheet and cash flow - Net cash - Operating cash flow* of S$252.5 million - Repayment of non-recourse project finance loans funded by project cash flows - Only S$332 million of debt to be repaid within the year ($266 million excluding non-recourse project fi

  6. Slide 6: Positioning for the Future

    Positioning for the Future The global environment continues to be challenging Focused on managing existing businesses well – Cost management – Operational excellence – Customer relations – Healthy balance sheet and cash flow Capitalising on opportunities – Establishing and growing beachheads – Selec

  7. Slide 7: Financial Review

    Financial Review Lim Joke Mui Group CFO

  8. Slide 8: Group Profit & Loss

    Group Profit & Loss (S$M) 1Q09 1Q08 ∆% Turnover 2,147 2,153 - EBITDA 240 211 14 EBIT 194 163 19 PBT 216 204 6 PATMI 134 123 9 EPS (cents) 7.5 6.9 9  Sembcorp Industries 2009 8

  9. Slide 9: Group Turnover

    Group Turnover (S$M) 1Q09 1Q08 ∆% Utilities 696 1,123 (38) Marine 1,363 915 49 Environment 47 53 (10) Industrial Parks 4 4 - Other Businesses 37 58 (36) TOTAL 2,147 2,153 -  Sembcorp Industries 2009 9

  10. Slide 10: Group PATMI

    Group PATMI (S$M) 1Q09 1Q08 ∆% Utilities 51.1 60.9 (16) Marine 74.0 56.0 32 Environment 1.5 0.8 79 Industrial Parks 3.6 6.0 (40) Other Businesses 7.3 6.7 9 Corporate (3.9) (7.3) 47 PATMI 133.6 123.1 9  Sembcorp Industries 2009 10

  11. Slide 11: Utilities Turnover & PATMI

    Utilities Turnover & PATMI (S$M) 1Q09 1Q08 ∆% TURNOVER Singapore 585.5 873.6 (33) UK 104.6 239.1 (56) Other countries 12.9 17.8 (28) Total Turnover 703.0 1,130.5 (38) PATMI Singapore 31.5 27.9 13 UK 9.1 33.2 (73) Other countries 10.0 4.5 122 Corporate & Others 0.5 (4.7) NM Total PATMI 51.1 60.9 (16)

  12. Slide 12: Group Capex

    Group Capex (S$M) 1Q09 Fixed Asset Items 43.2 – Utilities 14.1 – Marine 26.3 – Environment 1.6 – Other Businesses 1.2 Equity Investments 146.7 – Utilities 133.3 – Marine 13.4 TOTAL 189.9  Sembcorp Industries 2009 12

  13. Slide 13: Group Cash Flow

    Group Cash Flow (S$M) 1Q09 1Q08 CASH FLOW FROM OPERATING ACTIVITIES - before changes in working capital 252 219 - changes in working capital (100) 816 - tax paid (10) (3) 142 1,032 CASH FLOW FROM INVESTING ACTIVITIES - divestment proceeds and sale of fixed assets 4 - - acquisitions of investments (6

  14. Slide 14: Group Borrowings

    Group Borrowings (S$M) Mar 31, 09 Dec 31, 08 PF loans 346 362 Long-term 235 236 Short-term 266 219 Gross 847 817 Less: Cash and FD (2,388) (2,401) Net Debt / (Cash) (1,541) (1,584) Net Gearing Ratio Net Cash Net Cash Exclude PF* Net Debt / (Cash) (1,712) (1,825) Net Gearing Ratio Net Cash Net Cash *

  15. Slide 15: Financial Indicators

    Financial Indicators 1Q09 FY08 (ACTUAL) Before EI EPS (cents) 30.1 * 30.0 ROE (%) 18.3 * 19.0 ROTA (%) 9.0 * 9.5 Interest Cover (times) 23 22 After EI EPS (cents) 30.1 * 28.5 ROE (%) 18.3 * 18.0 ROTA (%) 9.0 * 9.0 Interest Cover (times) 23 21 Per Share NAV (S$) 1.60 1.46 NTA (S$) 1.54 1.39 Economic

  16. Slide 16: Group Outlook

    Group Outlook Tang Kin Fei Group President & CEO

  17. Slide 17: Outlook

    Group Outlook The global economic and financial environment is expected to remain very challenging for the rest of the year. Sembcorp remains committed to proactive and prudent management of its existing businesses and should be able to deliver satisfactory results for the year.  Sembcorp Industrie

  18. Slide 18: Vital Partners. Essential Solutions.

    Vital Partners. Essential Solutions.  Sembcorp Industries 2009 18

  19. Slide 19: Disclaimer

    Disclaimer This presentation contains certain statements that are not statements of historical fact, i.e. forward-looking statements. These forward-looking statements are based on current expectations, projections and assumptions about future events. Although Sembcorp Industries believes that these

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