Sembcorp Industries Ltd. · SGX:U96
Sembcorp Industries — 9M2009 Earnings Presentation
12 slides from Sembcorp Industries's earnings presentation, Nov 6, 2009
Slide 1: 9M2009 Results Announcement
9M2009 Results Announcement November 6, 2009 Scope of Presentation – CEO’s Report – Financial Review – Group Outlook Sembcorp Industries 2009 2 1
Slide 2: CEO's Report: 9M2009 Performance Round-up
CEO’s Report Tang Kin Fei Group President & CEO 9M2009 Performance Round-up Turnover of S$7.2 billion, down 1% PBT of S$720 million, up 5% PATMI of S$423.7 million, up 4% ROE (annualised) at 19.5% EVA at S$397.7 million Strong balance sheet and cash flow – Net cash – Operating cash flow* of S$819.3
Slide 3: Positioning for the Future
Positioning for the Future • More than a year of difficult global economic and financial market conditions • Sentiments now improving. However, recovery of the global economy will take time • Focus has been on managing existing businesses well and on project execution – Cost management – Operational
Slide 4: Financial Review: Group Profit & Loss
Financial Review Lim Joke Mui Group CFO Group Profit & Loss (S$M) 9M09 9M08 Δ% Turnover 7,155 7,235 (1) EBIT 652 558 17 EBITDA 796 705 13 PBT 720 685 5 PATMI 424 406 4 EPS (cents) 23.8 22.8 4 Sembcorp Industries 2009 8 4
Slide 5: Group Turnover and Group PATMI
Group Turnover (S$M) 9M09 9M08 Δ% Utilities 2,511 3,493 (28) Marine 4,380 3,444 27 Environment 145 162 (11) Industrial Parks 10 13 (17) Other Businesses 109 123 (12) TOTAL 7,155 7,235 (1) Sembcorp Industries 2009 9 Group PATMI (S$M) 9M09 9M08 Δ% Utilities 151.2 170.4 (11) Marine 247.9 220.5 12 Env
Slide 6: Utilities Turnover & PATMI; Broad-based Income Stream
Utilities Turnover & PATMI (S$M) 9M09 9M08 Δ% TURNOVER Singapore 2,202.6 2,977.2 (26) UK 283.5 498.3 (43) Other countries 47.9 46.2 4 Total Turnover 2,534.0 3,521.7 (28) PATMI Singapore 96.6 118.6 (19) UK 30.2 52.9 (43) Other countries 30.6 10.6 188 Corporate & Others (6.2) (11.7) 47 Total PATMI 151
Slide 7: Group Capex and Group Cash Flow
Group Capex (S$M) 9M09 Fixed Asset Items 120.9 – Utilities 63.3 – Marine 50.7 – Environment 5.1 – Other Businesses 1.8 Equity Investments 98.7 – Utilities 66.0 – Marine 13.4 – Environment 14.5 – Industrial Parks 4.8 TOTAL 219.6 Sembcorp Industries 2009 13 Group Cash Flow (S$M) 9M09 9M08 CASH FLOW
Slide 8: Group Borrowings and Financial Indicators
Group Borrowings (S$M) Sept 30, 09 Dec 31, 08 PF loans 326 362 Long-term 353 236 Short-term 231 219 Gross 910 817 Less: Cash and FD (2,357) (2,401) Net Debt / (Cash) (1,447) (1,584) Net Gearing Ratio Net Cash Net Cash Exclude PF* Net Debt / (Cash) (1,615) (1,825) Net Gearing Ratio Net Cash Net Cash
Slide 9: Group Outlook
Group Outlook Sentiments relating to the global economic and financial environment have improved. However, the recovery of the global economy will take time. Sembcorp remains committed to delivering satisfactory operating results for the year. Sembcorp Industries 2009 17 Vital Partners. Essential
Slide 10: 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
Slide 11: 3Q09 Group Turnover and Group PATMI
Group Turnover (S$M) 3Q09 3Q08 Δ% Utilities 982 1,267 (23) Marine 1,520 1,144 33 Environment 50 55 (11) Industrial Parks 3 4 (28) Other Businesses 22 31 (27) TOTAL 2,577 2,501 3 Sembcorp Industries 2009 21 Group PATMI (S$M) 3Q09 3Q08 Δ% Utilities 52.2 66.3 (21) Marine 88.8 86.1 3 Environment 3.8 (
Slide 12: 3Q09 Utilities Turnover & PATMI
Utilities Turnover & PATMI (S$M) 3Q09 3Q08 Δ% TURNOVER Singapore 888.7 1,118.6 (21) UK 83.7 142.3 (41) Other countries 17.0 16.4 4 Total Turnover 989.4 1,277.3 (23) PATMI Singapore 35.9 48.6 (26) UK 8.4 18.5 (55) Other countries 10.9 2.3 357 Corporate & Others (3.0) (3.1) 3 Total PATMI 52.2 66.3 (21