Presentation to the Financial Community First Half 2011 Results July 2011
Forward-Looking Statements By their nature, forward-looking statements are subject to risk and uncertainty since they are dependent on upon circumstances which should or are considered likely to occur in the future and are outside of…
Presentation Outline 1H 2011 Financial Results and Backlog Analysis Oil & Gas Industry Trends - Saipem Preparedness Trend 1: LNG Growth Saipem Preparedness: Saipem-Chiyoda Co-operation Trend 2: Larger, More Sophisticated Projects…
Presentation to the Financial Community - First Half 2011 Results 1H 2011 Financial Results and Backlog Analysis 4
1H 2011 Financial Results (Mln ) Revenues EBITDA EBIT Net Profit % on Revenues 6021 % on 1013 (16.8%) % on Revenues Revenues 5385 % on Revenues 711 (11.8%) 864 (16.0%) 248 248 (8.6%) 2885 627 (11.6%) 2885 438 194 194…
Backlog Analysis Saipem Backlog 20.49 Bln June, 30 2011 by Client by Year of Execution 6% 21% 2011 2% 41% 2012 15% 2013 35% 2014+ 57% 23% Major & Supermajor National 2011 Backlog split by Business Unit Independent Others…
Presentation to the Financial Community - First Half 2011 Results Market Trends - Saipem Preparedness 9
Oil & Gas Industry Trends: 1. LNG Growth LNG Market-expected boom: Expected increase in natural gas and LNG consumption due to combined effect of: impact of Fukushima disaster on Nuclear Energy dependence expected energy demand…
Saipem Preparedness: 1. Saipem-Chiyoda Co-operation Saipem and Chiyoda to collaborate on an exclusive basis (integrated JV) to develop: Onshore LNG and Gas Treatment projects Upstream projects on a case-by-case basis Complementary…
Oil & Gas Industry Trends: 2. Larger, More Sophisticated Projects Increased Size and Complexity of Offshore Projects Projects: Larger, More Sophisticated, Increased Engineering Content Environment: Harsher, More Remote, More…
Saipem Preparedness: 2. New Integrated E&C Business Unit Onshore and Offshore Business Units merged into a New Single Fully-Integrated E&C Business Unit: Impressive Integrated Services Available Across-the-board: 1st Class Engineering…
Oil & Gas Industry Trends: 3. Larger, Tougher Offshore Challenges Offshore shifting more and more towards Frontier developments Arctic Drivers: Hi-potential from LARGE TRUNKLINES PROJECTS Unexplored/Undeveloped areas Stokman…
Saipem Preparedness: 3. More Powerful, High Quality Assets To face the challenges of the future Saipem 12000 FDS 2 CastorOne Scarabeo 8 Scarabeo 9 E&C New Assets Most Recent Awards: Deepwater Backlog* June, 30 2011 6.3 Bln FDS…
Recent events: Saipem Responsiveness MENA Turmoil - Saipem Resilience in traditional Local Content Countries Saipem presence in MENA: Solid Order Inflow in 1H 2011: Egypt: Burullus Gas Company - West Delta Deep Marine Concession…
2011 Guidance Confirmed MED FI R 2011 Guidance April 2011 CON Revenues: +8% EBITDA: +12% Net Profit Adjusted: +8% (including the impact of additional 100 Mln depreciation and increased financial charges) Capex: 1.1…
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