Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Noble Group — 9M 2016 Earnings Presentation
13 slides from Singapore Exchange's earnings presentation, November 2016
Slide 1: 9 Months Results September 2016
9 Months Results September 2016
Slide 2: Key Highlights
2 Key Highlights Material progress made on key initiatives during the nine months to 30 September 2016 - US$500 million rights issue successfully closed - Shareholder approval received for the sale of Noble Americas Energy Solutions to Calpine Corporation, with closing expected in December 2016 -
Slide 3: Consolidated Income Statement Summary
3 Consolidated Income Statement Summary Nine Months Ended 30 September 2016 (Tonnes M/ US$M) 30 September 2016 30 September 2015 Tonnage 169 203 Revenue 34,579 50,157 (1) Operating income from supply chains, net 678 1,057 Operating income margin (%) 1.96% 2.11% Losses on supply chain assets(1) (47)
Slide 4: Segment Results: Energy
4 Segment Results Energy – Oil Liquids impacted by capital constraints while Energy Coal continued solid performance Oil Liquids Energy Coal Working capital constraints, combined with the lack The Energy Coal business continues its solid of volatility, impacted profitability by hampering the per
Slide 5: Segment Results: Gas & Power
5 Segment Results Gas & Power – NES sale announced, Gas & Power impacted by capital constraints and business restructure Energy Solutions Gas & Power The sale of NES to Calpine Corporation announced Gas & Power now focused on two key franchises – North on 10 October 2016 and shareholder approval
Slide 6: Segment Results: Mining & Metals
6 Segment Results Mining & Metals – Turnaround in the Segment on the back of strong performance in Carbon Steel Materials Metals Carbon Steel Materials Performance in Metals continues to be challenged by Clear turnaround in the Segment with first 6 months the restructuring and rationalization of
Slide 7: Segment Results: Corporate
7 Segment Results Corporate – Return to profitability in Logistics Logistics The Logistics business has continued to focus on profitability over volumes, with a 58% volume decline year-on- year, partly due to the elimination of the Noble Agri flow but also as a result of the business actively focu
Slide 8: Working Capital & Net Debt
8 Working Capital & Net Debt Working capital stable, although constrained, as we manage for liquidity with a reduction in gearing as capital raise initiatives deliver Working capital management Net Debt/Capital(2) (US$M) 54.7% 53.7% 52.0% 1,236 46.7% 1,166 4,503 1,206 1,071 1,013 39.9% 3,178 2,204 2
Slide 9: How We Have Changed
9 How We Have Changed Focus on high return, market-leading businesses and key regions Global Asia US Iron Ore & Oil Gas & Energy Met Coal & Energy Metals Special Liquids Power Coal Coke Retail Ores Prioritisation and Focus on High- Return, Market-Leading Franchises & Regions Global Americas Asia + E
Slide 10: Maintaining Product and Geographic Diversity
10 Maintaining Product and Geographic Diversity Reducing volatility in earnings as market and business conditions evolve Earnings Contribution by Segment(1)(2) Volume Contribution by Region(4) 3% 12% 17Mt 22% 41% 29% North America 91Mt 42% 32% 59Mt China 20% 46Mt 68% 23% 33Mt 22% Asia (ex-China) 49M
Slide 11: Update on Capital Raising Initiatives in 2016
11 Update on Capital Raising Initiatives in 2016 Significant steps taken during the year to release capital Initiative Status Sale of remaining stake in Noble Agri for US$750 million Completed US$500 million rights issue Completed Sale of Noble Americas Energy Solutions to Calpine Corporation To be
Slide 12: Noble Group
12 Noble Group Noble Group (SGX: N21) manages a portfolio of global supply chains covering a range of industrial and energy products, facilitating the marketing, processing, financing and transportation of essential raw materials. Sourcing bulk commodities from low cost regions such as South America
Slide 13: Slide 13