Scana Asa · OSL:SCANA
Scana Asa — Scana Industrier — Q1 2010 Earnings Presentation
26 slides from Scana Asa's earnings presentation, Apr 28, 2010
Slide 1: Presentation of Results after 1Q 2010
Presentation of Results after 1Q 2010 Rolf Roverud, Christian Rugland, Jan Henry Melhus, Frode Alhaug 28-29. april 2010
Slide 2: Increased order intake for Scana
Increased order intake for Scana • Increased order inflow and increased tendering activity in all market segments • Positive operating profit despite reduced turnover • Strong profitability within the Marine business area • Increased activity but strong price pressure within the Steel business area
Slide 3: Increased order intake for Scana
Increased order intake for Scana Quarter NOK million Q1 10 Q1 09 Q4 09 Q3 09 Q2 09 2008 2009 Operating revenue 430 702 491 457 618 2 896 2 267 EBITDA 17 89 40 53 82 350 263 Operating profit EBIT 1 74 22 38 67 277 201 Operating margin % 0% 11 % 4% 8% 11 % 10% 9% Profit before tax before temp. change
Slide 4: Order Intake
* Scana SCANA CREATES PROGRESS Order Intake 0 Oilandgas "Marine "Steel 1900 mill NOK 78 509 280 0 O16 O34 O105 O35 O106 OW6 O07 QT O08 Qws Q109 Q309 Q110
Slide 5: Order Reserve
Order Reserve 2 500 Oil and gas Marine Steel 2 000 mill NOK 1 500 1 000 500 0 Q104 Q304 Q105 Q305 Q106 Q306 Q107 Q307 Q108 Q308 Q109 Q309 Q110
Slide 6: Accounts after 1st Quarter 2010
Accounts after 1st Quarter 2010
Slide 7: Profit and Loss Account - Group
* Scana SCANA CREATES PROGRESS Profit and Loss Account - Group Quartere Year to date Full Year NOK million Q110 Q1 03 Q409 Q3 0g Q2 09 2010 2009 2009 Total operating revenues 702 491 457 618 2 267 Raw maleriels ad consumables 266 168 191 213 Change in stocks and FG and WIP 42 28 it) 27 Waces and NI
Slide 8: Balance Sheet - Group
*« Scana SCANA CREATES PROGRESS Balance Sheet - Group NOK million 31.03.10 31.12.09 30.09.09 30.06.09 31.03.09 31.12.08 Intangible fixed assets 150 152 158 128 132 Deferred tax 3 2 6 4 39 Tangible fixed assets 722 718 691 671 696 Financial fixed assets 25 13 13 13 12 Total fixed assets 900 886 869 8
Slide 9: Cash Flow Statement - Group
* Scana SCANA CREATES PROGRESS Cash Flow Statement - Group Quarters Year to date Full Year NOK million Q110 Q109 2010 Operating profit / (loss) - EBIT Tax paid Currency exchange differences and gain/loss on sale of fixed assets Depreciation and amortisation Change in net working capital Net cash flo
Slide 10: Statement of change in shareholders equity - Group
*« Scana SCANA CREATES PROGRESS Statement of change in shareholders equity - Group Other Currency for equity ex. Issued Own paid-in Retained translation changein minority Minority Total NOK million Capital shares capital eamings reserves value interests _ interest equity Equity at 31 December 2008 2
Slide 11: Business Areas
*« Scana SCANA CREATES PROGRESS Business Areas Quarters Year to date Full Year NOK million Q110 Qios Q4sos Q3 09 Q2 09 2010 2009 2009 Steel: Turnover 456 279 254 364 456 1354 Uperatng profit | (loss) 64 2 14 36 64 140 Opcrating margin 14% 2% 6% 15% 14% 10% Order intake 26U 195 189 1U8 260 ms Order r
Slide 12: Business Areas
Scana Business Areas
Slide 13: Markets and Business Overview
Markets and Business Overview
Slide 14: Business Area Steel - increased activity but significant pressure on prices
Business Area Steel - increased activity but significant pressure on prices Turnover NOK 275 mill and operating profit NOK 6 mill ( 2% operating margin) A high level of tendering activity, improved order inflow and activity growth towards the end of the quarter indicate a gradually stronger market.
Slide 15: Business Area Steel - New orders in China in April
Business Area Steel - New orders in China in April 1) Construction nodes for a new exhibition center in Shanghai worth RMB 15,7 mill. Scana also provided nodes for the Bird’s Nest Stadium in 2008. 2) Rolls for the manufacturing of train tracks and profile steel beams worth RMB 9,1 mill. China will u
Slide 16: Business Area Marine - Solid profitability and important contracts
Business Area Marine - Solid profitability and important contracts Operating revenue NOK 132 mill. Operating profit NOK 12 mill (9% operating margin) - Continued good level of activity despite of a weak market for new projects - Increased activity within service and after sales increased revenue and
Slide 17: Business Area Marine - New contracts in Scana Volda
Business Area Marine - New contracts in Scana Volda Four reduction gears for two oil recovery vessels for China National Offshore Oil Cooperation (CNOOC). Delivery will take place in 2010 to a shipyard in Guangzhou Two gear and cp-propeller systems to a Havyard designed AHTS for Sinopec. This is the
Slide 18: Business Area Oil and Gas - Important contracts and major potential
Business Area Oil and Gas - Important contracts and major potential Turnover NOK 31 mill and operating profit NOK -11 mill. - low activity within service and maintenance - no major development projects - carried costs relating to development-, sales- and tendering activities in the P&L Order Intake
Slide 19: Business Area Oil and Gas - high focus on risers
Business Area Oil and Gas - high focus on risers Foto: Statoil ASA
Slide 20: Business Area Oil and Gas - high focus on risers
Business Area Oil and Gas - high focus on risers Order for the delivery of 10 forged production riser systems to Statoil’s Snorre platform in the North Sea. Option for additional 4-6 riser systems. Delivery over two years from second half of 2010. Forged risers can tolerate considerably higher tensi
Slide 21: Business Area Oil and Gas - high focus on risers
Business Area Oil and Gas - high focus on risers Considerable future replacement- and development projects in GoM, Asia, Brazil and the North sea - Scana has strengthened its presence in Houston, Singapore and Rio. Increasing demand and Scana has a significant competitive edge especially within long
Slide 22: Scana Industrier ASA
Scana Industrier ASA Scana Creates Progress Scana Offshore Vestby AS equipped Sevan Voyageur with linear winches, offloading- and anchoring systems
Slide 23: Product development within Oil and Gas
Product development within Oil and Gas Scana Vestby – Rig / FPSO fueling system further development of offloading technology into smaller systems. Scana Subsea – Flowline connectors (Y & T) development of material and forging technology to produce flowline connectors for export pipelines. Scana Offs
Slide 24: GUIDING
Scana GUIDING
Slide 25: Scana 2010 - 2012
Scana Scana 2010 - 2012 Turnover 2005 2006 2007 2008 2009 2010 2011 Order Intake 2004 2005 2006 2007 2008 2009 2010 SCANA CREATES PROGRESS EBIT 2005 2006 2007 2008 2009 2010 2011 2012 Order Reserve 2004 2005 2006 2007 2008 2009 2010
Slide 26: 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 Christian Rugland, CFO Tel: +47 51 86 94 89, mob: +47 952 952 55, christian.rugland@scana.no Jan Henry Melhus, Senior Vice Presid