Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Swiber Holdings — 2Q FY2010 Earnings Presentation
12 slides from Singapore Exchange's earnings presentation, Aug 16, 2010
Slide 1: Swiber Holdings Limited: 2Q FY2010 Results Briefing
8/16/2010 Swiber Holdings Limited : 2Q FY2010 Results Briefing 16 August 2010 2Q FY2010 Financial Highlights A world class company in the offshore industry 1
Slide 2: 2QFY2010 Key Highlights and Financial Highlights
8/16/2010 2QFY2010 – Key Highlights Stable revenue at US$106.8 million in 2QFY2010 Contributions recognised from projects carried out in South East Asia and South Asia. Gross margin stabled at 22.1%, as compared to 21.5% in 2QFY2009 *Better profit margin from the transportation and installation proj
Slide 3: Balance Sheet and Key Financial Ratios
8/16/2010 Balance Sheet US$’m 30 Jun 2010 31 Mar 2010 31 Dec 2009 Cash & bank balances 78.5 82.7 83.2 Trade receivables and WIP 294.1 285.9 344.6 Current assets 557.4 633.0 607.1 Non-current assets 387.3 347.9 329.7 Current liabilities 454.8 508.6 387.8 Non-current liabilities 167.6 165.4 245.7 Tota
Slide 4: Cashflow and Order Book
8/16/2010 Cashflow US$’m 2QFY2010 2QFY2009 Operating cashflow before movement in working capital 16.7 21.6 Net cash used in operating activities (104.7) (34.0) Net cash generated from / (used in) investing activities 60.3 (37.7) Net cash from financing activities 38.7 93.9 Cash & cash equivalents at
Slide 5: Corporate Highlights: Current Fleet
8/16/2010 Corporate Highlights A world class company in the offshore industry Current Fleet: 45 Vessels : 80% less than 4 Years Old Construction Vessels Offshore Vessels: Cargo / Flat top barge 1. Swiber Glorious (Accommodation barge) Utility / towing tugs 1. Swiber 123 2. Aziz (Derrick Pipelay Barg
Slide 6: Vessel Delivery Plan and Contract Wins
8/16/2010 Vessel Delivery Plan Up to 2011 (52 Vessels) FY2010 FY2012 Utility Tug / AHTS Swiber Charlton Swiber Mary Anne** Swiwar Crusader* Swiber Lina (former Ezion) AHT4750BHP (Name TBA) Pipelay barge 1MAS300* Derrick crane barge Swiber PJW (4000 tons) TOTAL 6 1 * Vessels are jointly built with JV
Slide 7: Strategy and Outlook: Kreuz Holdings Listing
8/16/2010 Kreuz Holdings’ successful listing on Catalist Kreuz IPO of 80m new shares at S$0.27 each, commenced trading on 29 July 2010 Invitation was approximately 5.7 times subscribed, raising net proceeds of S$19.2 million Kreuz shares have performed strongly since IPO, closing at S$0.455 on 12 Au
Slide 8: Oil Prices: The boom goes bust / coming back
8/16/2010 Oil Prices : The boom goes bust Source: US Department of Energy and Bloomberg A world class company in the offshore industry Oil Prices : The boom coming back Source: US Department of Energy and Bloomberg A world class company in the offshore industry 8
Slide 9: Global GDP Growth and Industry Outlook
8/16/2010 Global GDP growth: coming back Source: International Monetary Fund A world class company in the offshore industry 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 millio
Slide 10: Ageing oilfields: a supply bottleneck
8/16/2010 Decline rates & peak production on existing fields will push future investments Long-term demand up and recovery rate just above 100%; Increase in demand and recovery rates just above 100% are fundamental drivers for E&P spending in a long-term perspective. Existing fields in production ar
Slide 11: Offshore IRM Spend to See Good Growth
8/16/2010 Offshore IRM Spend to See Good Growth >7,000 fixed & >200 floating platforms Spend to exceed $330 billion over the next five years Plus demand for major modifications. A world class company in the offshore industry Our Focus Europe Middle East India South East Asia A world class company in
Slide 12: Thank You Q&A session
8/16/2010 Thank You Q&A session A world class company in the offshore industry 12