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PRELIMINARY 2010 CONSOLIDATED RESULTS – Saipem Spa

Saipem Spa · Feb 10, 2011 · 18 slides

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Slides

  1. PRELIMINARY 2010 CONSOLIDATED RESULTS – Saipem Spa – slide 1
    Presentation to the Financial Community Preliminary 2010 Consolidated Results February 2011
  2. PRELIMINARY 2010 CONSOLIDATED RESULTS – Saipem Spa – slide 2
    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…
  3. PRELIMINARY 2010 CONSOLIDATED RESULTS – Saipem Spa – slide 3
    Presentation Outline FY 2010 Financial Results and Backlog Analysis Oil & Gas Industry Market Outlook Saipem Perspectives Offshore Onshore Offshore Drilling Beyond the Capex Plan 2011 Guidance Saipem 2011 & Beyond 3
  4. PRELIMINARY 2010 CONSOLIDATED RESULTS – Saipem Spa – slide 4
    FY 2010 Financial Results and Backlog Analysis 4
  5. PRELIMINARY 2010 CONSOLIDATED RESULTS – Saipem Spa – slide 5
    FY 2010 Financial Results (Mln ) Revenues EBITDA EBIT Net Profit 11160 Adjusted 1836 % on 10292 Revenues 1319 % on % on Revenues 1596 Revenues 409 (7.8%) 1156 % on Revenues 828 5236 370 (7.1%) 338 (7.0%) 732 4831 193…
  6. PRELIMINARY 2010 CONSOLIDATED RESULTS – Saipem Spa – slide 6
    FY 2010 Financial Results (Mln ) Capex Sources and Application of Funds, Net Debt & D/E Ratio D/E =0.80 3263 D/E = 0.83 1615 1545 2845 28 200 25 254 1000 1816 690 553 43 228 1398 53 1545 1345 697 713 Net Debt…
  7. PRELIMINARY 2010 CONSOLIDATED RESULTS – Saipem Spa – slide 7
    FY 2010 Contract Acquisitions & Backlog (Mln ) New Contract Acquisitions Backlog 20505 12935 18730 9917 10543 8035 7744 3665 1487 1064 578 585 265 3778 3354 326 5089 4600 5430 5544 2009 2010 Dec. 31, 09 Dec. 31, 10…
  8. PRELIMINARY 2010 CONSOLIDATED RESULTS – Saipem Spa – slide 8
    Backlog Analysis Saipem Backlog 20.5 Bln Dec, 31 2010 by Client by Year of Execution 4% 13% 3% 29% 14% 2011 2012 2013 57% 36% 2014+ 44% Major & Supermajor National Independent Others* 2011 Backlog split by Business Unit (*)…
  9. PRELIMINARY 2010 CONSOLIDATED RESULTS – Saipem Spa – slide 9
    Oil & Gas Industry Market Outlook 9
  10. PRELIMINARY 2010 CONSOLIDATED RESULTS – Saipem Spa – slide 10
    Oil & Gas Industry Market Outlook Bln US Global Exploration and E&C Capex Outlook 800 600 Exploration, appraisal & development of well 400 Capex* 200 E&C Capex Source: Deutsche Bank & Wood Mackenzie 0 Jan. 2011 1999…
  11. PRELIMINARY 2010 CONSOLIDATED RESULTS – Saipem Spa – slide 11
    Saipem Perspectives - Offshore - Recent Recent History History - Global Offshore E&C Spending - - Saipem Offshore Backlog - Bln US 200 -7% Bln 8 -9% +16% +2% 6 100 4 Source: DB 2 & Wood Mackenzie Jan. 2011 0 0 2008 2009…
  12. PRELIMINARY 2010 CONSOLIDATED RESULTS – Saipem Spa – slide 12
    Saipem Perspectives - Onshore - Recent Recent History History Bln US - Global Onshore E&C Spending - Bln 15 - Saipem Onshore Backlog - 400 -12% +11% +31% -13% 300 10 200 5 Source: DB 100 & Wood Mackenzie 0 0 Jan. 2011…
  13. PRELIMINARY 2010 CONSOLIDATED RESULTS – Saipem Spa – slide 13
    Saipem Perspectives - Offshore Drilling - Recent Recent History History Utilisation Utilisation Rate Rate Floaters Floaters 3000ft. 3000ft. Floaters…
  14. PRELIMINARY 2010 CONSOLIDATED RESULTS – Saipem Spa – slide 14
    Beyond the Capex Plan 14
  15. PRELIMINARY 2010 CONSOLIDATED RESULTS – Saipem Spa – slide 15
    Saipem 2007-2010: Growth - without stressing Balance Sheet ...while funding maintaining Saipem Saipem recent recent Sound Sound Growth Growth a massive maintaining Financial Financial Discipline Discipline - Revenues - Capex…
  16. PRELIMINARY 2010 CONSOLIDATED RESULTS – Saipem Spa – slide 16
    2011 Guidance Revenues: +5% EBITDA: +10% Net Profit Adjusted: +5% (including the impact of additional 100 Mln depreciation and increased financial charges) Capex: 1 Bln 16
  17. PRELIMINARY 2010 CONSOLIDATED RESULTS – Saipem Spa – slide 17
    Saipem 2011 & Beyond: poised for a further solid growth 2011 2011 & & Beyond Beyond Encouraging Market Outlook 2011 Capex Target : 1 Bln From 2012 - Maintenance Capex to preserve quality: 400 Mln per year Sustained Cash Flow…
  18. PRELIMINARY 2010 CONSOLIDATED RESULTS – Saipem Spa – slide 18
    End of Presentation 18

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