Tecnicas Reunidas Sa · BME:TRE
Tecnicas Reunidas Sa — H1 2013 Earnings Presentation
25 slides from Tecnicas Reunidas Sa's earnings presentation, Jul 31, 2013
Slide 1: First Half 2013 Results Presentation
TECNICAS REUNIDAS Juan Lladó CEO First Half 2013 Results Presentation 31st of July 2013
Slide 2: Index
INDEX TECNICAS REUNIDAS BACKLOG & EXECUTION 1H 2013 FINANCIAL RESULTS OUTLOOK 1
Slide 3: 1H 2013 Awards
1H 2013 AWARDS Awards € Million 2
Slide 4: Star refinery project, Turkey
1H 2013 AWARDS Star refinery project, Turkey Highlights LSTK for the SOCAR Turkey Aegean Refinery (STAR) 214,000 bpd greenfield refinery in Aliaga, Turkey. Project includes: hydrocracker, cocker, vacuum, hydrogen, sour waters, naphtha, kerosene and diesel hydrotreatment, sulphur recovery, merox, ami
Slide 5: Optara project, Belgium
1H 2013 AWARDS Optara project, Belgium Highlights LSTK for the integrated refining & petrochemicals platform at Antwerp in Belgium. Project includes: solvent deasphalting unit, mild hydrocracker fractionation unit and the revamping and conversion of the existing atmospheric residue desulphurization
Slide 6: Recent Awards: Bolivian refining units
RECENT AWARDS Bolivian refining units Highlights Two different FEED + EPC for the Guillermo Elder Bell (Santa Cruz) and Cochabamba refineries for YPFB Refinación S.A. in Bolivia. Projects includes: new isomerization, reforming catalytic and hydrotreatment units. Contracts value: USD 200 million. YPF
Slide 7: 1H 2013 Backlog: New Record
1H 2013 BACKLOG: NEW RECORD Backlog € Million 6
Slide 8: Backlog Geographical Split
BACKLOG GEOGRAPHICAL SPLIT 2011 1H 2013 € 5,387 M € 7,005 M 7
Slide 9: SATORP, Yanbu, Izmit, SAS
SUCCESS IN EXECUTION • SATORP • YANBU • IZMIT • SAS 8
Slide 10: SATORP
SUCCESS IN EXECUTION - SATORP Project Value: > USD 1,750 million Contract Type: EPC/LSTK MH (HO & Sup. Construction): > 2,700,000 (500P) Location: Jubail, Saudi Arabia Construction Direct MH: > 50,000,000 hours 9
Slide 11: Success in Execution - SATORP
SUCCESS IN EXECUTION - SATORP Within quality and schedule 10
Slide 12: SATORP HSE Indicators
SUCCESS IN EXECUTION - SATORP HSE INDICATORS Millions of hours without accidents: > 50millions “Champion for Most Improved Environmental Awareness” 11
Slide 13: Success in Execution - Izmit
SUCCESS IN EXECUTION - IZMIT Project Value: > USD 2,400 million Contract Type: OBE + EPC/LSTK MH (HO & Sup. Construction): > 2,700,000 (500p) Location: Izmit, Turkey 12
Slide 14: Success in Execution - Izmit Current Progress
SUCCESS IN EXECUTION - IZMIT Current Progress In schedule 13
Slide 15: Success in Execution - Yanbu
SUCCESS IN EXECUTION - YANBU Project Value: > USD 750 million Contract Type: EPC/LSTK MH (HO & Sup. Construction): > 800,000 hours Location: Yanbu, Saudi Arabia Construction Direct MH: > 15,000,000 hours 14
Slide 16: Success in Execution - Yanbu Current Progress
SUCCESS IN EXECUTION - YANBU Current Progress In schedule 15
Slide 17: Success in Execution - SAS
SUCCESS IN EXECUTION - SAS Project Value: > USD 1,300 million Contract Type: EPC/LSTK MH (HO & Sup. Construction): > 1,000,000 hours Location: Abu Dhabi, UAE Construction Direct MH: > 12,000,000 hours 16
Slide 18: Success in Execution - SAS Current Progress
SUCCESS IN EXECUTION - SAS Current Progress In schedule 17
Slide 19: Index
TECNICAS REUNIDAS BACKLOG & EXECUTION 1H 2013 FINANCIAL RESULTS OUTLOOK 18
Slide 20: Financial Results: Profit and Loss Account
FINANCIAL RESULTS Profit and Loss Account 1H 13 1H 12 Var. 2012 € Million Revenues 1,394.6 1,273.7 9.5% 2,652.4 EBITDA 77.6 76.2 1.8% 157.0 EBIT 73.1 72.0 1.5% 148.7 Margin 5.24% 5.65% 5.61% Net Financial Results 4.7 4.0 8.3 Profit Before Taxes 78.0 75.8 2.9% 157.8 Taxes -10.5 -9.7 -21.5 Net Income
Slide 21: Net Cash Position and Dividends
NET CASH POSITION AND DIVIDENDS 1H 2013 Net cash position: € 611 million 2012 Dividends: € 1.40 per share (€ 75 million) Net Cash Position € Million 20
Slide 22: Index
TECNICAS REUNIDAS BACKLOG & EXECUTION 1H 2013 FINANCIAL RESULTS OUTLOOK 21
Slide 23: Outlook
OUTLOOK In 2013, we will continue with our expansion and diversification strategy: Geographies – Traditional markets (South America, Europe, Middle East) and new markets (Canada, Russia, Australia) Right client balance NOC/IOC – New clients: Exxon, Dow Chemicals, Lukoil, Canadian Natural Resources,
Slide 24: Disclaimer
Disclaimer This document has been prepared by Tecnicas Reunidas S.A. (the Company) solely for use at presentations held in connection with the announcement of the Company's results for the first half 2013. This document contains forward-looking statements of the Company and/or its management. These
Slide 25: UNIDAS
= UNIDAS