Scana Asa · OSL:SCANA
Scana Asa — Rogaland på Børs (August 2005)
20 slides from Scana Asa's conference presentation, Aug 22, 2005
Slide 1: Scana Group Company Presentation
Scana Group Company Presentation “Rogaland på Børs” – Stavanger 22.08.05 Chairman of the Board, Kjetil M. Stuland 1 CFO, Jens Kristian Rein
Slide 2: Contents
Contents Sections Page I Presentation of Scana Group 3 II Products and Markets 11 III 2005 Status 16 IV Growth and Targets 20 2
Slide 3: I – Presentation of Scana Group
I – Presentation of Scana Group 3
Slide 4: Scana Group
Scana Group « Scana is an industrial group with approx. 1,600 employees (of which approx. 700 are located in China) « Established in 1987, starting off as a company Volda primarily providing products and services to the Söderfors oil and gas related industry; developed over time Skarpenord Björnebor
Slide 5: Scana Group business areas and operating companies
Scana Group Business Steel Marine area Björneborg (MNOK 500, 268 empl.) 1) Volda (MNOK 210, 104 empl.) 7) Operating Söderfors (MNOK 160, 156 empl.) 2) Mar-El (MNOK 30, 21 empl.) 8) companies Booforge (MNOK 100, 81 empl.) 3) Skarpenord (MNOK 60, 40 empl.) 9) VBT (MNOK 10, 10 empl.) 4) Stavanger (MNOK
Slide 6: Scana Well Positioned for Growing Profit
Scana Well Positioned for Growing Profit « Turnaround accomplished - None core businesses sold (10 subsidiaries sold/closed down during 2000 - 2003) - Market risk considerably reduced - Revenues and margins are now well balanced between the market segments - Strong and steadily order intake secure o
Slide 7: Development in Turnover and Gross Margin
Development in Turnover and Gross Margin 2 400 30 % 2 200 2 000 25 % 1 800 1 600 20 % 1 400 1 200 15 % 1 000 800 10 % 600 400 5% Turnover 200 Gross Margin 0 0% 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 Annualized 7
Slide 8: Development in Operating Profit
Development in Operating Profit 160 20 % 140 120 15 % 100 10 % 80 60 5% 40 20 0% 0 1996 1997 1998 1999 2000 2001 2002 2003 2004 30.06.05 -20 -5 % -40 -60 -10 % Operating profit / (loss) -80 Operating margin -100 -15 % 8
Slide 9: Shareholders
Shareholders No. of shares Share Shareholder Nationality 41 470 163 24,74 % STÅLINVEST AS NOR 9 599 846 5,73 % PEDER SMEDVIG CAPITA NOR 7 623 100 4,55 % ODIN NORGE NOR 6 191 000 3,69 % DET STAVANGERSKE DAM NOR 5 323 000 3,18 % MP PENSJON NOR 5 196 500 3,10 % SMEDVIGS REDERI A/S NOR 4 565 000 2,72 %
Slide 10: II – Products and Markets
Il — Products and Markets 10 * Scana
Slide 11: Steel Area – Market Shares and Competitors by Market Segment
Steel Area – Market Shares and Competitors by Market Segment Market share: 70% (global) on long forged components; 10% (NCS) on niche castings Offshore Products: raisers, BOPs, integrals, stress joints, loading equipment, service & maintenance etc Market share: Market leader (Europe) on long shafts
Slide 12: Steel Area – Market Shares and Competitors by Market Segment
Steel Area – Market Shares and Competitors by Market Segment Market share: Larger fork-arms 70% in Europe (40% world wide). For other Machine products: not possible to assess . Products: fork.-arms, shafts, sym-rolls, components etc Market share: 50% (global) on knife profiles for pulp & paper indus
Slide 13: Marine Area – Products
Marine Area – Products « The marine companies supply equipment for automation, valve control and propulsion, with high levels of technical expertise, especially in development and design « The following products are delivered: - Propulsion packages (Volda) - Propulsion surveillance and control (Mar-
Slide 14: III – 2005 Status
Ill -2005 Status 14 * Scana
Slide 15: 2005 Status
2005 Status « Good profit performance « Q2 operating profit (MNOK 37), the best performance in the group’s history under corresponding group structure « Strong order intake and record high order reserve « For some entities; full order books for the rest of the year « Positive market outlook and high
Slide 16: Earnings and Cash Flow
Earnings and Cash Flow 60 50 40 30 20 10 0 1 1 1 1 2 2 2 2 3 3 3 3 4 4 4 4 5 5 1-0 2-0 3-0 4-0 1-0 2-0 3-0 4-0 1-0 2-0 3-0 4-0 1-0 2-0 3-0 4-0 1-0 2-0 (10)Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q (20) (30) (40) Operating pro fit/(lo ss) EB ITDA (50) 16
Slide 17: Record High Order Reserve and Order Intake
Record High Order Reserve and Order Intake 850 800 Marine Area 750 Steel Area 700 650 Order reserve by business 600 550 area 500 450 400 350 300 250 200 150 100 50 0 02 2 02 02 02 3 03 03 03 4 04 04 04 5 05 c- -0 n- -0 -0 -0 ar p- c- ar n- p- c- ar n- p- c- ar n- De M Ju Se De M Ju Se De M Ju Se De
Slide 18: IV – Growth and Targets
IV — Growth and Targets 18 * Scana
Slide 19: Steel Area – Growth and Targets
Steel Area – Growth and Targets Positioned for growth Initiatives to reach targets 1400 Turnover (NOK mill) 10 • Organic growth: Operating margin • Secure extension of existing contracts in growing segments as well as 1200 8 capturing new contracts • Further utilize presence in China 1000 6 • Penetr
Slide 20: Marine Area – Growth and Targets
Marine Area – Growth and Targets Positioned for growth Initiatives to reach targets 350 Turnover (NOK mill) 12 % • Organic growth: Operating margin • Secure extension of existing 10 % contracts as well as capturing new 300 8% contracts 250 • Penetrate new market segments 6% Operating margin (%) • Ex