IR Presentation 201 4 - samsungengineering.com
Transcript of IR Presentation 201 4 - samsungengineering.com
IR Presentation SAMSUNG ENGINEERING 2 0 1 4
CONTENTS
Introduction 1
Business Update 2
Appendix 3
CDU/VDU
Heavy Oil Upgrading
Aromatics, HDS
Ethylene
EO/EG
Fine Chemicals
PDH
Polymers
Fertilizers
Offshore Platforms
FPSO(FLNG)
Pipeline
Gas Processing
Air Separation Unit
LNG(Liquefaction, Terminal)
Thermal (Coal/ Oil/ Gas Fired)
Steel Mills
Non-Ferrous Plants (Aluminum 外)
IT Facilities
Industrial Manufacturing Facilities
BT Facilities
Sewage Treatment
Wastewater Treatment
Desalination
Introduction
Business Portfolio
Hydrocarbon
Non Hydrocarbon
Refinery Gas Petrochemical Upstream
Power Industrial Facility Water Treatment
O&M
Ultra-Pure/Reuse
GOSP GTL(Gas To Liquid)
Coal Gasification
3/13
Business Results & Outlook Business Update
Sales
’14(E)
9,000 9,806
37%
71%
29%
New Order
(\ billion)
Hydrocarbon
Non Hydrocarbon ’14(E) ’13
Operating Profit
74%
26%
’13
6,288
63%
’14(E) ’13
250
△1,028
(\ billion)
8,500
67%
33%
4/13
\15.6 trillion
2010 5%
2011 16%
2012 50%
2013 25%
Year Awarded
2013
Before 2010 4%
Yr. Awarded
Category Project Award
($ million) Completion
2010
Petrochemical Borouge 3 (LDPE) 170 ‘14. 08
Petrochemical Borouge 3 (Polyolefins) 552 ‘14. 09
Gas Shah Gas Development 1,496 ’14. 09
Water Muharraq STP (EPC+O&M) 555 ’14. 04(EPC)
2011
Power Shaybah NGL #3 534 ’14. 03
Upstream Shaybah NGL #4 922 ’14. 07
Gas Shaybah NGL #1, #2 1,302 ’14. 07
Upstream West Qurna Ph.2 (GOSP) 998 ’14. 05
Upstream Banyu Urip (GOSP) 336 ’15. 01
Petrochemical UGCC PKG #B (GSP, PE/PP) 817 ’15. 07
2012
Upstream Senoro Gas 233 ’14. 12
Refinery Yanbu Refinery Expansion 871 ’15. 07
Petrochemical Carrasco Ammonia and Urea 811 ’15 .10
Refinery Carbon Black & Delayed Coker 2,477 ’16. 01
Power Balkash Thermal Power Plant 2,078 -
Power Yanbu Power Plant Phase 3 1,506 ’17. 08
2013
Gas Badra CPF Phase 2 879 ’16. 01
Petrochemical Ammonia & Urea 648 ’16. 06
Refinery Riyadh Clean Transportation Fuel 211 ’16. 09
Power Cogen IPP 483 ’16. 07
Gas TGAST 778 ’16. 09
’13 Order Backlog Breakdown
Major Ongoing Projects
5/13
Business Update
Product
Domestic 15% CIS 22%
America 5%
Asia 10%
MENA 7% GCC 41%
’13
(MENA : Iraq + Africa)
Region Domestic 18%
America 8%
Asia 6%
MENA 7% GCC 46%
CIS 15%
’12
\19.4 trillion
Non Hydrocarbon 18%
Gas 7%
Petrochemical 19%
Refinery 29%
Upstream 4%
’12
Power 23%
Power 28%
Gas 11%
Petrochemical 17%
Refinery 19%
Upstream 6%
’13
Non Hydrocarbon 19%
Order Backlog Breakdown
6/13
Business Update
\19.4 trillion
\15.6 trillion
\15.6 trillion
Debt & Credit Line
’14(E) ’13
1,100
(\ billion)
1,000
Net Debt
’14(E) ’13
Credit Line
2,500 2,500
(\ billion)
Available
In Use
56% 52%
44% 48%
’14(E) ’13
1,400
(\ billion)
1,300
Debt
7/13
Business Update
Foreigner Ratio
Per Capita Sales
634 672
104 115
SEI(India) SEA(USA) SSA(Saudi)
267 321
STEC(Thai)
122 122
17.2% 17.8%
1.15 1.00
8,811
’12 ’13 ’14(E)
8,500
1.30
Manpower Update
Manpower Trend Manpower Breakdown
Foreigner Ratio & Per Capita Sales Global Operation
2013
18.2%
’12 ’13 ’14(E)
8,517
’13 ’14(E) ’12 ’13 ’14(E) ’12 ’13 ’14(E) ’12 ’13 ’14(E) ’12
635
114
281 125
8,517 Hydrocarbon 56%
Non Hydrocarbon 30%
Admin 14%
8,517
Support 10%
Engineering 33%
Procurement 7%
Product Division
Construction 24%
Project Management 19%
8/13
Marketing 3%
Quality/Safe 4%
Business Update
(\ billion)
(\ billion)
Income Statement
2011 2012 2013
Revenue 9,298 11,440 9,806
Gross Profit 1,079 1,291 △547
Operating Profit 626 737 △1,028
Pre-tax Profit 687 705 △917
Net Income 515 525 △709
Gross Profit(%) 11.6 % 11.3 % △5.6 %
Operating Profit(%) 6.7 % 6.4 % △10.5 %
Pre-tax Profit(%) 7.4 % 6.2 % △9.4 %
Net Income(%) 5.5 % 4.6 % △7.2 %
9/13
Business Update
Statement of Financial Position
2011 2012 2013
Total Assets 5,189 5,674 5,929
Current Assets 4,157 4,188 4,266
Non-current Assets 1,032 1,486 1,663
Total Liabilities 3,875 3,985 5,023
Current Liabilities 3,645 3,554 4,277
Long-term Liabilities 230 431 746
Total Equities 1,314 1,689 906
Capital Stock 200 200 200
Capital Surplus 57 57 57
Retained Earnings 1,358 1,776 958
Capital Adjustment △301 △344 △309
10/13
Business Update
(\ billion)
Financial Index Capex
‘11 ‘12 ’13
Gross Profit Margin
11.6% 11.3% △5.6%
Pre-tax Profit Margin
7.4% 6.2% △9.4%
ROE 39% 31% △78%
EPS 12,875 13,125 △17,725
DPS 3,000 3,000 -
’12 ‘13 ‘14(E)
Facilities 220 70 70
Capital Expenditure
68 10 10
R&D 9 6 7
Total 297 86 87
(\ billion)
Financial Index & Capex
11/13
Business Update
Yr. Awarded Category Project Region Client Award
($ million) Completion
2010
Petrochemical Borouge 3 (LDPE) UAE Borouge 170 ‘14. 08
Petrochemical Borouge 3 (Polyolefins) UAE Borouge 552 ‘14. 09
Gas Shah Gas Development UAE ADNOC 1,496 ’14. 09
Water Muharraq STP (EPC+O&M) Bahrain MOW 555 ’14. 04(EPC)
2011
Power Shaybah NGL #3 Saudi Arabia Saudi Aramco 534 ’14. 03
Upstream Shaybah NGL #4 Saudi Arabia Saudi Aramco 922 ’14. 07
Gas Shaybah NGL #1, #2 Saudi Arabia Saudi Aramco 1,302 ’14. 07
Upstream West Qurna Ph.2 (GOSP) Iraq Lukoil (Russia) 998 ’14. 05
Upstream Banyu Urip (GOSP) Indonesia MCL(Exxon Mobil) 336 ’15. 01
Petrochemical UGCC PKG #B (GSP, PE/PP) Uzbekistan UZ-Kor Gas Chemicals LLC 817 ’15. 07
2012
Upstream Senoro Gas Indonesia Pertamina 233 ’14. 12
Refinery Yanbu Refinery Expansion Saudi Arabia Luberef 871 ’15. 07
Petrochemical Carrasco Ammonia and Urea Bolivia YPFB 811 ’15 .10
Refinery Carbon Black & Delayed Coker UAE Takreer 2,477 ’16. 01
Power Balkhash Thermal Power Plant Kazahstan Samruk-Energy 2,078 -
Power Yanbu Power Plant Phase 3 Saudi Arabia SWCC 1,506 ’17. 08
2013
Gas Badra CPF Phase 2 Iraq Gazprom 879 ’16. 01
Petrochemical Ammonia & Urea Azerbaijan SOCAR 648 ’16. 06
Refinery Riyadh Clean Transportation Fuel Saudi Arabia Aramco 211 ’16. 09
Power Cogen IPP Saudi Arabia Aramco 483 ’16. 07
Gas TGAST Malaysia Petronas 778 ’16. 09
Major Ongoing Projects Appendix
12/13
Subsidiary & Branch Office (23)
Global Engineering Center(4)
Head Office
North America
United States
Mexico
Latin America
Trinidad & Tobago
Venezuela
Brazil
Europe CIS
Russia
Uzbekistan
Kazakhstan
Middle East & Africa
Saudi Arabia
UAE
Kuwait
Iraq
Algeria
Egypt
Hungary
Italy
Asia
India
Vietnam
Indonesia
Thailand
Malaysia
China
Japan
Global Operations
13/13
Appendix