Slide 1: 1Q2013 Results Announcement
1Q2013 Results Announcement May 8, 2013 © Sembcorp Industries 2013 1Q2013 Performance Round-up Turnover at S$2.4 billion, down 3% Profit from Operations at S$313.3 million, up 10% Net Profit flat at S$176.9 million EPS at 9.9 cents ROE (annualised) at 14.6% © Sembcorp Industries 2013 2 1
Slide 2: Group Net Profit Mix; Utilities
Group Net Profit Mix Utilities Marine Urban Development Other Businesses 38% 54% 39% 49% 1Q12 Net Profit 1Q13 Net Profit (excluding Corporate) 62% (excluding Corporate) 61% S$182.5m S$182.7m 5% 8% 3% 4% © Sembcorp Industries 2013 3 Utilities Progressing ahead with Growing recurring earnings base dev
Slide 3: Marine; Urban Development
Marine Strong orderbook Net Orderbook (as at May 3, 2013) S$13.6 billion with completions & deliveries till 2019 Contracts Secured (as at May 3, 2013) Drillships S$1.7 billion Semi-submersible Rigs Jack-up Rigs Jack-up Rigs Conversion/Offshore & Platforms Net Profit Conversion/Offshore & Platforms S
Slide 4: Financial Review
Financial Review © Sembcorp Industries 2013 Group Profit & Loss (S$M) 1Q13 1Q12 ∆% Turnover 2,350 2,431 (3) EBITDA 350 311 13 Profit from Operations1 313 286 10 EBIT 276 248 11 Share of results: Associates & JVs 37 38 (1) Net Finance Cost (34) (10) (246) PBT 279 276 1 Tax (46) (41) (12) Non-Controll
Slide 5: Group Turnover; Group Profit from Operations
Group Turnover (S$M) 1Q13 1Q12 ∆% Utilities 1,249 1,435 (13) Marine 1,049 942 11 Urban Development1 2 2 (18) Other Businesses 50 52 (3) TOTAL TURNOVER 2,350 2,431 (3) 1 Urban Development businesses comprise mainly of associates or joint ventures © Sembcorp Industries 2013 9 Group Profit from Operati
Slide 6: Group Net Profit; Utilities Net Profit by Geography
Group Net Profit (S$M) 1Q13 1Q12 ∆% Utilities 89.4 99.0 (10) Marine 72.0 68.7 5 Urban Development 6.7 4.7 42 Other Businesses 14.6 10.1 45 Corporate (5.8) (5.8) - TOTAL NET PROFIT 176.9 176.7 - Note: On April 2, 2013, Sembcorp Industries did not subscribe to its rights entitlements with respect to G
Slide 7: Utilities Net Profit; Group Capex and Equity Investment
Utilities Net Profit By Product Segment (S$M) 1Q13 1Q12 ∆% Energy Energy 54.2 62.6 (13) Water 59% Water 19.7 18.3 8 22% On-site Logistics & Solid Waste Management 17.2 19.1 (10) Corporate (1.7) (1.0) (69) 1Q13 On-site Logistics & TOTAL NET PROFIT 89.4 99.0 (10) Solid Waste Management 19% © Sembcorp
Slide 8: Group Free Cash Flow; Group Borrowings
Group Free Cash Flow (S$M) 1Q13 1Q12 CASH FLOW FROM OPERATING ACTIVITIES - before changes in working capital 359 312 - changes in working capital 9 (307) - tax paid (18) (9) 350 (4) CASH FLOW FROM INVESTING ACTIVITIES - divestments, dividend and interest income 7 18 - investments and capex (330) (31
Slide 9: Group Borrowings; Financial Indicators
Group Borrowings (S$M) Mar 31,13 Dec 31,12 Sembcorp Group excluding Marine Debt Non-Project Finance loans 888 889 PF1 1,093 1,098 Loans due to NCI2 131 128 2,112 2,115 Less: Cash and cash equivalents (478) (651) Net Debt / (Cash) 1,634 1,464 Sembcorp Marine Debt – Non-Project Finance loans 434 333 L
Slide 10: Group Outlook
Group Outlook Utilities In 2013, the completion of Singapore’s liquefied natural gas (LNG) terminal is expected to increase natural gas supply to the country. In addition, over 2,400 megawatts of new generation capacity is expected to come onstream in 2013 and 2014. The increase in gas supply and ge
Slide 11: Disclaimer
Vital Partners. Essential Solutions. Disclaimer This presentation contains certain statements that are not statements of historical fact, i.e. forward- looking statements. These forward-looking statements are based on current expectations, projections and assumptions about future events. Although Se
Slide 12: Appendix: Utilities Turnover by Geography
Appendix © Sembcorp Industries 2013 Utilities Turnover By Geography (S$M) 1Q13 1Q12 ∆% Singapore 1,026.7 1,249.7 (18) Rest of ASEAN, Australia & India 3.3 2.9 12 China 25.9 20.0 30 Middle East & Africa 62.6 39.4 59 UK 119.6 115.7 3 The Americas 12.4 11.8 6 Corporate 7.8 6.5 20 TOTAL TURNOVER 1,258.3
Slide 13: Utilities Profit From Operations; Utilities Turnover
Utilities Profit From Operations (PFO) By Geography (S$M) 1Q13 1Q12 ∆% Singapore 72.9 92.9 (22) Rest of ASEAN, Australia & India 10.6 14.0 (24) China 15.3 7.6 101 Middle East & Africa 30.0 14.2 112 UK 12.1 9.9 22 The Americas 2.9 4.5 (35) Corporate 1.2 (0.3) NM TOTAL PFO 145.0 142.8 2 © Sembcorp Ind
Slide 14: Utilities Profit From Operations by Product Segment
Utilities Profit From Operations (PFO) By Product Segment (S$M) 1Q13 1Q12 ∆% Energy 85.6 93.4 (8) Water 37.8 29.5 28 On-site Logistics & Solid Waste Management 20.4 20.2 1 Corporate 1.2 (0.3) NM TOTAL PFO 145.0 142.8 2 © Sembcorp Industries 2013 27 14