Slide 1: 1H2010 Results Announcement
1H2010 Results Announcement August 12, 2010 Scope of Presentation – CEO’s Report – Financial Review – Operations Review – Group Outlook 2 1
Slide 2: CEO's Report: 1H2010 Performance Round-up
CEO’s Report Tang Kin Fei Group President & CEO 1H2010 Performance Round-up Turnover of S$4.5 billion, down 1% Net Profit of S$320.1 million, up 16% ROE (annualised) at 18.4% EVA at S$292.9 million Strong balance sheet and cash flow – Net cash position – Operating cash flow* of S$593.0 million * Ope
Slide 3: Building Platforms for Growth: Energy
Building Platforms for Growth 1H2010 Strategic Highlights ENERGY Construction of Salalah IWPP in Oman on track WATER Global water service provider with acquisition of Cascal MARINE Increased capacities and strengthened global network of shipyards 5 Building Platforms for Growth 1H2010 Strategic High
Slide 4: Building Platforms for Growth: Water
Building Platforms for Growth 1H2010 Strategic Highlights WATER Sembcorp’s Enlarged Water Footprint Global water service Developer, owner and operator of facilities provider with acquisition of > 6 million m3 per day Cascal Serving a population of close to 5 million – Now a 97.66% shareholder of
Slide 5: Expanding Our Global Footprint
Expanding Our Global Footprint Operating in 17 countries across 6 continents 9 Expanding Our Global Footprint Present in some of the world’s fastest growing economies 10 5
Slide 6: Financial Review: Group Profit & Loss
Financial Review Koh Chiap Khiong Group CFO Group Profit & Loss (S$M) 1H10 1H09 Δ% Turnover 4,542 4,578 (1) EBITDA 593 513 16 EBIT 491 418 17 PBT 555 465 19 Net Profit 320 276 16 EPS (cents) 17.9 15.5 16 12 6
Slide 7: Group Turnover and Group Net Profit
Group Turnover (S$M) 1H10 1H09 Δ% Utilities 1,894 1,529 24 Marine 2,456 2,860 (14) Environment 76 95 (20) Industrial Parks 7 7 (2) Other Businesses 109 87 25 TOTAL TURNOVER 4,542 4,578 (1) * Industrial Park’s businesses comprise mainly of associates or joint ventures 13 Group Net Profit (S$M) 1H10 1
Slide 8: Group Net Profit Contribution; Utilities Turnover & Net Profit
Group Net Profit Contribution 1H2010 Group Net Profit excluding Corporate Utilities and S$341.9m Marine contribute 90% Industrial Environment Parks of Group Net 3% 3% Other Profit 4% Businesses 42% Utilities Marine 32% 58% 15 Utilities Turnover & Net Profit (S$M) 1H10 1H09 Δ% TURNOVER Singapore 1,72
Slide 9: Utilities Net Profit Contribution; Group Capex
Utilities Net Profit Contribution 1H2010 Utilities Net Profit excluding Corporate & Others Broad-based S$110.6m income stream UK 17% China, Vietnam Singapore & the UAE 61% 22% 17 Group Capex (S$M) 1H10 Fixed Asset Items – Utilities 242.8 – Marine 17.0 – Environment 4.8 – Industrial Parks 0.1 – Other
Slide 10: Group Free Cash Flow; Group Borrowings
Group Free Cash Flow (S$M) 1H10 1H09 CASH FLOW FROM OPERATING ACTIVITIES - before changes in working capital 593 522 - changes in working capital and others 177 (227) - tax paid (52) (14) 718 281 CASH FLOW FROM INVESTING ACTIVITIES - divestments, dividend and interest income 41 38 - investments and
Slide 11: Strong Financial Stability; Financial Indicators
Strong Financial Stability (S$M) As at June 30, 2010 Total Gross (Debt) Total Cash Net (Debt)/ Cash Sembcorp Marine (14) 2,379 2,365 Sembcorp Industries excl. Marine (1,301) 639 (662) Total Sembcorp Group (1,315) 3,018 1,703 4000 Total Cash Marine in a net cash 3,018 Net Cash 3000 position of S$2.4b
Slide 12: Operations Review
Operations Review Tang Kin Fei Group President & CEO Utilities 24 Sembcorp NEWater Plant, Singapore 12
Slide 13: Utilities: Singapore, ASEAN and UK
Utilities Key Developments Singapore & ASEAN Positioning for growth Jurong Island – Good performance from cogeneration plant in Singapore Seraya Tembusu – Phu My 3 operations in Vietnam performed well – Full project completion of the 50 MiGD Sembcorp NEWater Plant Sakra Awarded prestigious 2010 GW
Slide 14: Utilities: China
Utilities Key Developments China Establishing and growing beachheads – Operations in all regions showed growth in 1H2010 – Completed expansions in existing beachheads Nanjing: 12,500 m3/day high concentration industrial wastewater treatment plant Zhangjiagang: 7,200 m3/day wastewater pre-treatme
Slide 15: Utilities: Middle East and India
Utilities Key Developments Middle East Expanding capacity – Fujairah IWPP performed well – Expanding desalination capacity in Fujairah by 30% MOU for new 30 MiGD seawater reverse osmosis (RO) facility. Expected completion by end-2013 – Construction of Salalah IWPP in Oman on track Fujairah Indepen
Slide 16: Marine
Marine 31 Sembcorp Marine’s Jurong Shipyard in Singapore Marine Key Developments – Delivered 1 jack-up, 2 semi-subs, and 3 ship conversion and offshore projects in 1H2010. All deliveries were on schedule or ahead of schedule – Contracts secured to-date since Jan 2010 at S$853 million (excluding ship
Slide 17: Integrated Townships
Integrated Townships Sembcorp Industries 2010 33 WSIP Business and IT Park Integrated Townships Key Developments China – Phase 1 of WSIP Business & IT Park (GFA 35,000 sqm) completed. Soft-launched in Jun 2010 – City planning design for 400 ha Solar City photovoltaic park completed and commenced c
Slide 18: Environment
Environment SembSITA Pacific’s Advanced Waste Treatment (AWT) in Western Sydney, Australia Environment Key Developments – Australia operations continue to perform well. Leadership in advanced waste treatment capabilities provides impetus for growth – Improved performance from Singapore operations –
Slide 19: Group Outlook
Group Outlook Tang Kin Fei Group President & CEO Group Outlook In FY2010, the performance of our Utilities' operations is expected to remain steady excluding one-off items. The consolidation of Cascal as a subsidiary under Sembcorp Utilities with effect from July 9, 2010 is not expected to have a ma
Slide 20: Disclaimer
Vital Partners. Essential Solutions. 39 Disclaimer This presentation contains certain statements that are not statements of historical fact, i.e. forward-looking statements. These forward-looking statements are based on current expectations, projections and assumptions about future events. Although
Slide 21: Appendix: Group Profit & Loss 2Q10
Appendix 41 Group Profit & Loss (S$M) 2Q10 2Q09 Δ% Turnover 2,136 2,431 (12) EBITDA 308 272 13 EBIT 257 224 15 PBT 288 249 16 Net Profit 161 142 14 EPS (cents) 9.0 8.0 13 42 21
Slide 22: Group Turnover and Net Profit 2Q10
Group Turnover (S$M) 2Q10 2Q09 Δ% Utilities 945 833 13 Marine 1,097 1,497 (27) Environment 39 48 (19) Industrial Parks 3 3 2 Other Businesses 52 50 - TOTAL TURNOVER 2,136 2,431 (12) 43 Group Net Profit (S$M) 2Q10 2Q09 Δ% Utilities 51.6 47.9 8 Marine 107.5 85.1 26 Environment 6.6 3.9 71 Industrial Pa
Slide 23: Utilities Turnover & Net Profit 2Q10
Utilities Turnover & Net Profit (S$M) 2Q10 2Q09 Δ% TURNOVER Singapore 858.8 728.4 18 Overseas 95.9 113.2 (15) - UK 75.8 95.2 (20) - China, Vietnam & the UAE 20.1 18.0 12 TOTAL TURNOVER 954.7 841.6 13 NET PROFIT Singapore 32.4 29.2 11 Overseas 20.2 22.8 (12) - UK 7.8 12.7 (39) - China, Vietnam & the