Scana Asa · OSL:SCANA
Scana Asa — Scana Industrier — Q4 2012 Earnings Presentation
18 slides from Scana Asa's earnings presentation, Feb 20, 2013
Slide 1: Interim 4th Quarter and preliminary accounts for 2012
Interim 4th Quarter and preliminary accounts for 2012 20th of February 2013
Slide 2: Company update
Company update • Scana has been through a longer and more challenging period than expected related to the marine- and steel markets. This situation was intensified in the fourth quarter of 2012 due to reduced market for “commodity products” (with high tonnage) in the steel segment, which has weakene
Slide 3: Headlines
Headlines • Revenue of NOK 524 million in the 4th quarter of 2012, EBITDA of NOK -42 million. • Revenue of NOK 2.039 million for the full year 2012, EBITDA of NOK -34 million. • Scana has written down Goodwill and Deferred tax assets amounting NOK 77 million. • Non-recurring costs of NOK 36 million
Slide 4: Key financials
Scana CREATING PROGRESS SCANA INDUSTRIER ASA Key financials: Quarters Year to date NOK million Q412 Q4 11 Q3 12 Q212 Qi 12 2012 2011 Operating revenue 524 613 399 557 559 2 039 2 042 EBITDA -42 17 -10 22 -4 -34 -4 Operating profit EBIT -99 -2 -32 3 -23 -152 -85 Operating margin % -19% 0% -8% 0% -4%
Slide 5: Order Intake
Order Intake Energy Propulsion Offshore Other 1 200 000 1 000 000 800 000 600 000 400 000 200 000 0
Slide 6: Order Backlog
Order Backlog Energy Propulsion Offshore Other 2 500 000 2 000 000 1 500 000 1 000 000 500 000 0
Slide 7: Profit and Loss Account - Group
Scana SCANA INDUSTRIER ASA CREATING PROGRESS Profit and Loss Account - Group Quarters Year to date NOK million Q412 Q411 Q3 12 Q212 Q112 2012 2011 Total operating revenues 524 613 399 557 559 2039 2042 Raw materials and consumables 184 266 144 196 205 730 871 Change in stocks and FG and WIP 15 -10 -
Slide 8: Balance Sheet - Group
Scana SCANA INDUSTRIER ASA CREATING PROGRESS Balance Sheet - Group NOK million 31.12.12 31.12.11 30.09.12 30.06.12 31.03.12 31.12.12 31.12.11 Intangible fixed assets 101 134 136 141 133 101 134 Deferred tax assets 23 37 54 47 44 23 37 Property, pland and equipment 758 777 773 753 752 758 777 Shares
Slide 9: Cash Flow Statement - Group
Scana CREATING PROGRESS SCANA INDUSTRIER ASA Cash Flow Statement - Group Quarters Year to date NOK million Q412 Q411 2012 2011 Profit / (loss) before taxes -112 -14 -199 -107 Tax paid 4 5 2 4 Currency exchange differences and gain/loss on sale of fixed assets and non cash element 8 7 18 3 Depreciati
Slide 10: Segments
* Scana CREATING PROGRESS SCANA INDUSTRIER ASA Segments Energy: Turnover 842 EBITDA 23 EBITDA margin 3% Order intake 883 Order reserve 439 Propulsion: Turnover 351 EBITDA 16 EBITDA margin 5% Order intake 323 Order reserve 235 Offshore: Turnover 674 EBITDA -18 EBITDA margin 3% Order intake 967 Order
Slide 11: Main focus: Recover profitability
Main focus: Recover profitability" Background Development } Scana’s traditional market has been considerably reduced } The Group is increasingly turning to energy/offshore due to weak European market } And geographically turning as much as possible from the } The European crisis has lead to exce
Slide 12: Scana Energy
Scana Energy" Key P&L Main business and products } Leading supplier of customized high quality products in steel } Large in-house production capacity of around 150,000 tonnes of melted material } Market leader within cylindrical products in the upper weight and length segment } Leading provider
Slide 13: Scana Propulsion
Scana Propulsion" Key P&L Main business and products } Controllable pitch propellers } Fixed pitch propellers } Reduction gears } Tunnel thrusters } Remote control systems } After sales and product support Largest customers Outlook } Weak marine market – however Scana is well positioned withi
Slide 14: Scana Offshore
Scana Offshore" Key P&L Main business and products } Design, engineering, production, testing & assembly } Maintenance and repair of drilling equipment and risers } In-house products and systems within Anchoring, cargo loading and offloading, mooring solutions Actuators and valve control systems
Slide 15: Scana Other Activities (Leshan Scana Machinery)
Scana Other Activities (Leshan Scana Machinery)" Key P&L Main business and products } Delivers forged and cast products to the domestic market } Main products are rolls/sleeves for rolling mills, and custom castings } The management expects increased activity and increased profitability } The st
Slide 16: Scana Property
Scana Property" Significant value potential } «Property Project Jørpeland» has been initiated and will seek to maximize shareholder value of the attractive property in Strand, east of Stavanger. } Consists of several properties, both surronding the Scana Jørpeland industrial site and on other loca
Slide 17: Structural and strategic action plan
Structural and strategic action plan" The board of Scana has adopted a structural value realization plan with objective to obtain 1 substantial strategic creation for shareholders Underlying value of Scana Energy, Scana Propulsion and Scana Property have individually been recognized by external advi
Slide 18: www.scana.no
www.scana.no Scana Industrier ASA Strandkaien 2, P O Box 878, NO-4004 Stavanger, Norway Rolf Roverud, CEO Tel: +47 51 86 94 04, mob: +47 911 67 581, rolf.roverud@scana.no Kjetil Flesjå, CFO Tel: +47 51 86 94 00, mob: +47 900 41 213, kjetil.flesja@scana.no Jan Henry Melhus, Senior Vice President Tel: