Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Swiber Holdings — Q3 2010 Earnings Presentation
16 slides from Singapore Exchange's earnings presentation, Nov 12, 2010
Slide 1: Swiber Holdings Limited: 3QFY2010 Results Briefing
Swiber Holdings Limited : 3QFY2010 Results Briefing 12 November 2010
Slide 2: 3QFY2010 Financial Highlights
3QFY2010 Financial Highlights A world class company in the offshore industry
Slide 3: 3QFY2010 – Key Highlights
3QFY2010 – Key Highlights 27.5% revenue increase to US$122.4 million in 3QFY2010 Contributions recognised from projects carried out in South East Asia and South Asia. 79.9% surge in gross profit to US$26.5 million Gross margin up to 21.7%, as compared to 15.4% in FY2009 Net profit for 3QFY2010 was U
Slide 4: Financial Highlights
Financial Highlights US$ (million) 3Q2010 3Q2009 Change (%) 9M2010 9M2009 Change (%) Revenue 122.4 96.0 27.5 313.8 293.9 6.8 Gross Profit 26.5 14.8 79.9 68.0 56.1 21.2 Net Profit 8.0 16.4 (51.3) 30.4 47.5 (36.0) Gross Profit 21.7 15.4 6.3 pt 21.7 19.1 2.6 pt Margin (%) EPS (US cts) 1.4 3.2 (56.3) 5.
Slide 5: Balance Sheet
Balance Sheet US$’m 30 Sept 2010 30 June 2010 31 Mar 2010 Cash & bank balances 106.8 78.5 82.7 Trade receivables and WIP 301.6 294.1 285.9 Current assets 514.5 557.4 633.0 Non-current assets 444.7 387.3 347.9 Current liabilities 346.5 454.8 508.6 Non-current liabilities 259.8 167.6 165.4 Total equit
Slide 6: Key Financial Ratios
Key Financial Ratios Key ratios 30 Sept 2010 30 June 2010 31 Mar 2010 Net Debt / Equity (times) 0.86 0.91 0.81 NAV per share (US cents) 64.0 62.7 59.6 Return on Equity (%) (Annualised) 11.9 13.8 10.6 Return on Asset (%) (Annualised) 4.2 4.7 3.3 A world class company in the offshore industry
Slide 7: Cashflow
Cashflow US$’m 3QFY2010 3QFY2009 Operating cashflow before movement in working capital 13.1 9.5 Net cash used in operating activities (63.9) 14.6 Net cash generated from / (used in) investing activities 44.2 (14.7) Net cash from financing activities 41.9 17.5 Cash & cash equivalents at end of period
Slide 8: Order book (US$'m)
Order book (US$’m) 800 900 626 700 515 509 440 500 300 100 -100 1Q09 2Q09 3Q09 4Q09 Nov10 As of Nov 2010, order book stands at approximately US$800 million Expected to contribute to the Group’s results over the next two years, barring unforeseen circumstances A world class company in the offshore in
Slide 9: Corporate Highlights
Corporate Highlights A world class company in the offshore industry
Slide 10: Fleet Updates
Fleet Updates Vessel launched on 1 November 2010 Derrick Piplay Barge: Swiber PJW3000: - One of the largest in the Asia-Pacific region - Most significant asset for Swiber - To strengthen market share in the Asia Pacific and Middle-East region Current fleet size 50 vessels: 38 offshore vessels and 12
Slide 11: Current Fleet: 50 Vessels: 80% less than 4 Years Old
Current Fleet: 50 Vessels : 80% less than 4 Years Old Construction Vessels Offshore Vessels: Cargo / Flat top barge 1. Swiber Conquest (Pipelay barge) * Utility / towing tugs 1. Swiber 123 2. 1MAS-300 (Pipelay barge) ** 1. Swiber 99 2. Swiber 251 3. Swiber Concorde (Pipelay crane barge) * 2. Swiber
Slide 12: Vessel Delivery Plan Up to 2012 (54 Vessels)
Vessel Delivery Plan Up to 2012 (54 Vessels) FY2010 FY2011 FY2012 Utility Tug / AHTS Swiber Charlton Swiber Lina Swiber Carina Pipelay barge Swiber PJW4000 TOTAL 1 2 1 * Vessels are jointly built with JV partners ** Vessels that are under sale and leaseback arrangements A world class company in the
Slide 13: Strategy and Outlook
Strategy and Outlook A world class company in the offshore industry
Slide 14: Industry Outlook
Industry Outlook Macro-environment Rising world oil demand in 2010, 2011 (1) U.S. Energy Information Administration projects that world oil consumption will grow by 1.57 million barrels per day in 2010 and also by 1.51 million bbl/d in 2011(2) Developing countries, such as China, Saudi Arabia and Br
Slide 15: Our Focus
Our Focus Europe Middle East India South East Asia A world class company in the offshore industry
Slide 16: Thank You Q&A session
Thank You Q&A session A world class company in the offshore industry