Cenergy Holdings Sa · EURONEXT:CENER
Cenergy Holdings Sa — Investor Presentation (May 2018)
30 slides from Cenergy Holdings Sa's investor presentation, May 2018
Slide 1: Cenergy Holdings - Delivering energy to the world
>< CENERGY H OLD N GS CORINTH CABL Et’ PIPEWORKS HELLENIC CABLES Delivering energy to the world G R oO U P
Slide 2: Introduction
Introduction Cables segment Steel pipes segment Hellenic Cables SA (100%) Corinth Pipeworks SA (100%) Fulgor (100%) Warsaw Tubulars Lesco OOD (100%) Trading (100%) CPW America (100%) Icme Ecab (98.59%) DIA.VI.PE.THIV. (26.19%) Lesco Romania (65%) De Laire Limited (100%) Humbel Ltd (100%) JSC TMK-CPW
Slide 3: Energy - The common market
Energy - The common market Co CENERGY HOLDINGS
Slide 4: Energy resources to customer require steel pipes & cables
Energy - The common market Energy resources.... to customer require steel pipes & cables Gas Onshore Offshore Downstream Oil & Gas pipeline operations network Final consumption Power Transmission generation to power grid Renew ables Onshore Jointly Offshore provide solutions to high-end projects EPC
Slide 5: Energy map - Main growth drivers up to 2050
Energy map - Main growth drivers up to 2050* Estimations from resources: World Energy Council U.S. Energy Information Administration (EIA) BP 2016 Energy Outlook
Slide 6: Energy map - Main growth drivers up to 2050
Energy map - Main growth drivers up to 2050* +100% Power generation energy demand is the key factor COP21 Paris agreement • Urbanization • Industry needs double • Natural gas is critical in reaching global climate goals • Electricity in transportation • Offshore resources are reachable Energy securi
Slide 7: Steel pipes segment
(©) PIPEWORKS @CABLEL ey ¢ R oO U P HOLDINGS O CORINTH PIPEWORKS Delivering energy to the world Steel pipes segment
Slide 8: CPW at a glance
CPW at a glance Amongst the world largest and Worldwide highly advanced Sales in steel pipe producers €320 sales network 40 for the Oil & Gas industry Million since annual capacity of countries 1998 925,000tn of steel pipes expansion is fueled Approved supplier Majority by ongoing of the largest int
Slide 9: Our unique product range
Our unique product range One of the LSAW pipes for deep offshore widest pipelines Demanding production ranges applications in the world 100” HSAW Steel pipes for deep offshore pipelines, 56” LSAW ( 26” HFI 8” HFI length up to 24m Copyright Wintershall Demanding applications Reel-laying, sour service
Slide 10: Our Activity
Our Activity Oil & Gas sector Construction Onshore Offshore Drilling & transportation transportation extraction
Slide 11: Our facilities
Our facilities Pipe mills Thisvi plant in Greece 1. ERW/HFI Capacity : 400 KMT/year Products: Small/Medium Diameter pipes Applications: Oil, gas, water, structural 5 2. HSAW Capacity : 375 KMT/year 1 Products: Medium, large Diameter pipes 4 2 Applications: Oil, Gas, Water, structural 3 3. LSAW Capac
Slide 12: Our production diagrams
Our production diagrams ERW/HFI (Longitudinal weld) Capacity : 400 KMT/year HSAW (Helical weld) Capacity : 375 KMT/year LSAW (Longitudinal weld) Capacity : 400 KMT/year
Slide 13: Our capabilities
Our capabilities Attractiveness to customer/market Integrated services (project management, storage, logistics Cost optimizing etc.) solutions for the One-Stop-Shop customer (Downstream operations, (longer pipes, coating, laboratories, Deep dimensional charact.) weld-on connectors etc.) offshore Por
Slide 14: Regions of interest – main prospects
Regions of interest – main prospects Europe Korea China japan India Shale gas exploitation will allow doubling of gas production by 2050 Deep offshore exploration & production is Main competition technological mature Global manufacturers + local producers and financially viable Resources: World Ener
Slide 15: Major projects in our region
Major projects in our region 1 TAP 2 IGB 3 TANAP 4 Turkish Stream 18 5 Karish Tanin 19 2 6 BRUA 14 7 East Med pipeline 4 Poland 8 Tesla pipeline Germany 16 6 9 Ionian Adriatic Pipeline 10 Leviathan pipeline 8 Hungary Austria 20 11 Tamar pipeline (exp) Croatia Romania 12 Zohr Bulgaria 9 13 Aphrodite
Slide 16: Cables segment
(e) CORINTH OCABLEL (ee) PIPEWORKS / HELLENIC CABLES CENERGY soan// Oooo TORBINGS @CABLEL HELLENIC CABLES 6 R oO U P Cables segment
Slide 17: Hellenic Cables at a glance
Hellenic Cables at a glance Amongst the world largest and annual capacity of Worldwide Sales in sales network more than highly advanced €260 180,000tn Submarine Cable factory of cables Million since 50 2002 100+ countries turnkey projects Approved supplier Majority expansion is fueled by ongoing of
Slide 18: Unique product range
Unique product range Submarine Cables High and Extra High Largest cable Voltage land cables length worldwide w/o joint up to 500kV Services Turnkey solutions Customized applications High and Extra High Voltage OEM services Optical fibre submarine cables Composite power/ fibre-optic cable Telecom Cab
Slide 19: Our Activity
Our Activity Energy Transmission, Telecom & Construction Distribution and Renewables data transmission & Industrial
Slide 20: Our facilities
Our facilities 1 FULGOR Cable Plant Corinth Capacity of 60,000 tons Production capabilities - HV EHV submarine cables - HV/EHV cables 2 Hellenic Cables Thiva Cable Plant 60,000 tons Capacity Production capabilities - HV /EHV power cables - Fiber optic cables 3 3 ICME ECAB Cable Plant Bucharest, Roma
Slide 21: HV/EHV Submarine Production Process
HV/EHV Submarine Production Process 1 2 5 6 4 3 7 8 1 Stranding Line 2 Insulation 3 Degassing Rooms 4 PE and Pb Extruders 5 Vertical Laying-up 6 Armouring 7 TurnTable 8 Dock Facilities
Slide 22: Product portfolio & prospects
Product portfolio & prospects Developed High-End Under Development HV DC Submarine HV AC Market EHV Land Submarine Growth Flame MV Extra HV AC Potential Submarine Submarine Submarine Retardant Cables Gas Pipes Submarine Umbilicals for Water Pipes Oil & Gas Special Cables for Wind High Temp Farms, So
Slide 23: Regions of interest – main prospects
Regions of interest – main prospects Renewables to reach from 17% in 2016 to 27% by 2030 in Europe Electricity network expansion Significant investments in Grid Infrastructures Telecommunications Increasing demand for broadband FTTH/B connections Offshore windfarms Power grid 5G technology / submari
Slide 24: Projects in our region
12 Rio – Antirio Interconnection / ADMIE Projects in our region 1 2 Cyclades Project – Phase II / ADMIE 13 Peloponnese – Crete Project / ADMIE Cyclades Project – Phase III / ADMIE 3 West Cyclades Interconnection / ADMIE 14 Israel-Cyprus-Crete 4 OWF Seastar - Mermaid/ Otary 15 Attica – Crete Intercon
Slide 25: Major offshore projects
Major offshore projects 3 5 1 4 7 2 6 Offshore Turnkey & Supply Projects (2015-2018) Customer Country Info 1 Belgium 91 km, 220 kV three-core submarine cables (in progress) 2 Greece 47 km, 150 kV three-core submarine cables (in progress) 3 Germany 22.7 km, 155 kV three-core submarine cables (in prog
Slide 26: Growth Forecast for Offshore & Onshore Business
Growth Forecast for Offshore & Onshore Business Global market sales of HV cables¹ €Bn, 2017 - 2022 +9% p.a. CAGR 26 11% 17 10 Submarine HV 6 16 8% Land HV 11 2017 2022 HVDC transmission & interconnector projects (by status and commissioning year)² Km, 2017 - 2022 13.917 5.268 5.159 5.578 Announced 3
Slide 27: Financial highlights
Financial highlights Co CENERGY HOLDINGS
Slide 28: Turnover, EBITDA and earnings by segment
Amounts in EUR million CPW Industry CPW America AO TMK-CPW Hellenic Cables Fulgor Icme Ecab Lesco OOD Adjusted* Earnings Adjusted* Earnings Turnover Turnover EBITDA before Taxes EBITDA before Taxes 336 390 422 302 32 33 28 4 4 25 1 9 8 28 29 27 16 2016 2017 2016 2017 -4 2016 2017 2016 2017 -4 -5 201
Slide 29: Net debt and working capital by segment
Amounts in EUR million CPW Industry CPW America AO TMK-CPW Hellenic Cables Fulgor Icme Ecab Lesco OOD Working Working Net Debt Net Debt Capital Capital 240 254 136 125 104 97 102 102 2016 2017 2016 2017 2016 2017 2016 2017 Working Net Debt Capital 376 379 206 199 2016 2017 2016 2017
Slide 30: Cenergy Holdings
—_ CENERGY HOLDING S CORINTH CABL Et’ (©) PIPEWORKS bd HELLENIC CABLES Delivering energy to the world 6 RO UP