Slide 1: 1Q2019 Results Announcement
1Q2019 Results Announcement May 15, 2019 © Sembcorp Industries 2019 Scope of Presentation • CEO’s Report • Financial Review © Sembcorp Industries 2019 2
Slide 2: CEO's Report: 1Q2019 Group Performance Round-up
CEO’s Report Neil McGregor Group President & CEO © Sembcorp Industries 2019 1Q2019 Group Performance Round-up Turnover at S$2,480 million, down 10% Profit from Operations at S$223 million, up 4% Net Profit at S$93 million, up 21% EPS at 4.7 cents ROE (annualised) at 5.4% © Sembcorp Industries 2019 4
Slide 3: Energy and Marine Business Updates
Energy* Improved Business Updates performance 1Q19 earnings growth driven by improved India performance and recognition of peak winter availability payments for UK Power Reserve (UKPR) Growing thermal portfolio • Official opening of the 230-megawatt Sembcorp Myingyan Independent Power Plant Net Prof
Slide 4: Urban Business Updates; Financial Review
Urban* Orderbook to underpin Total Net Orderbook performance 408 hectares • Healthy orderbook driven by Total Land Sales increase in Vietnam land 38 hectares commitments Net Profit • Nanjing Riverside Grandeur S$7 million È30% • Strong demand for industrial land in Vietnam launched and sold in 4Q18,
Slide 5: Group Profit & Loss and Group Turnover
Group Profit & Loss (S$ million) 1Q19 1Q18 Δ% Turnover 2,480 2,758 (10) EBITDA* 349 286 22 Profit from Operations 223 214 4 EBIT 178 172 3 Share of results: Associates & JVs 45 42 7 Net Finance Cost (108) (97) 11 Finance costs (142) (114) 25 Finance income 34 17 100 PBT 115 117 (2) Tax (18) (38) (53
Slide 6: Group Profit from Operations and Net Profit
Group Profit from Operations (PFO) (S$ million) 1Q19 1Q18 Δ% Energy 216 190 14 Marine 4 18 (78) Urban 7 12 (42) Other Businesses 3 (2) NM Group Corporate (7) (4) 75 TOTAL PFO 223 214 4 © Sembcorp Industries 2019 11 Group Net Profit (S$ million) 1Q19 1Q18 Δ% Energy 85 70 21 Marine * 2 NM Urban 7 10 (
Slide 7: Energy PFO by Geography and Bridge
Energy Profit from Operations (PFO) By Geography (S$ million) 1Q19 1Q18 Δ% Singapore 43 51 (16) Rest of Southeast Asia 20 6 233 China 33 37 (11) India 75 67 12 UK 34 13 162 Rest of the World* 24 19 26 Corporate (13) (3) NM Underlying PFO 216 190 14 Exceptional Items - - - TOTAL PFO 216 190 14 * Rest
Slide 8: Energy Net Profit; Group Capex and Equity Investment
Energy Net Profit Increase 120 Energy PFO Decrease Energy Net Profit (S$ million) 6 (11) 100 20 85 - 85 80 70 - 70 60 40 20 - 1Q18 NetNet 1Q18 Profit Exceptional 1Q18 1Q18 EBIT Share of Net Finance 1Q19 1Q19 Exceptional 1Q19 1Q19 Net Items Underlying Associates Cost, Underlying Items Net Profit Prof
Slide 9: Group Free Cash Flow and Borrowings
Group Free Cash Flow (S$ million) 1Q19 1Q18 Cash Flow From Operating Activities - Before Changes in Working Capital 364 303 - Changes in Working Capital (22) (92) - Tax Paid (10) (20) 332 191 Cash Flow From Investing Activities - Divestments, Dividend and Interest Income 154 113 - Investments, Capex
Slide 10: Disclaimer
© Sembcorp Industries 2019 19 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 Sembcorp I
Slide 11: Appendix: Energy Turnover by Geography
Appendix © Sembcorp Industries 2019 Energy Turnover By Geography (S$ million) 1Q19 1Q18 Δ% Singapore 927 832 11 Rest of Southeast Asia 16 16 - China 48 51 (6) India 386 441 (12) UK 160 94 70 Rest of the World* 63 82 (23) TOTAL TURNOVER 1,600 1,516 6 * Rest of the World includes the Americas, Austral
Slide 12: Energy Net Profit and Turnover Breakdown
Energy Net Profit By Geography (S$ million) 1Q19 1Q18 Δ% Singapore 25 35 (29) Rest of Southeast Asia 17 5 240 China 29 33 (12) India (7) (16) (56) UK 24 11 118 Rest of the World* 17 15 13 Corporate (20) (13) 54 Underlying Net Profit 85 70 21 Exceptional Items - - - TOTAL NET PROFIT 85 70 21 * Rest o
Slide 13: Energy PFO and Net Profit by Product Segment
Energy Profit from Operations (PFO) By Product Segment (S$ million) 1Q19 1Q18 Δ% Gas & Thermal Power 152 124 23 Renewables & Environment 77 69 12 Renewable Power 36 19 89 Water & Others 41 50 (18) Corporate (13) (3) NM Underlying PFO 216 190 14 Exceptional Items - - - TOTAL PFO 216 190 14 Gas & Ther