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Q3 2009 EARNINGS CALL – Acergy Sa

Acergy Sa · Oct 14, 2009 · 20 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q3 2009 EARNINGS CALL – Acergy Sa – slide 1
    EARNINGS PRESENTATION THIRD QUARTER ENDED AUGUST 31, 2009 OCTOBER 14, 2009 3:00 PM UK TIME seabed-to-surface
  2. Q3 2009 EARNINGS CALL – Acergy Sa – slide 2
    Third Quarter Highlights Result reflects excellent operational performance, strong client relationships and good execution of projects awarded in previous years when business conditions were more favourable Continuing operations:…
  3. Q3 2009 EARNINGS CALL – Acergy Sa – slide 3
    Current Market Conditions Underlying market fundamentals remain unchanged - at present, challenging business conditions prevail in SURF market Short-term caution - medium-term fundamentals remain strong Macro economic concerns have…
  4. Q3 2009 EARNINGS CALL – Acergy Sa – slide 4
    Company Expectations Fiscal year 2009: Revenue from continuing operations for fiscal year 2009 expected to be in line with previous guidance Subject to the successful outcome of a number of commercial negotiations in the final…
  5. Q3 2009 EARNINGS CALL – Acergy Sa – slide 5
    Medium-term fundamentals remain strong Continue to focus on delivering outstanding execution for our clients Remain vigilant managing cost base and risk profile, without compromising long-term strategy and expertise Re-orientating…
  6. Q3 2009 EARNINGS CALL – Acergy Sa – slide 6
    Financial Highlights Three-Months Ended Nine-Months Ended August 31, August 31, August 31, August 31, In millions, except share and per share data 2009 2008 2009 2008 Unaudited Unaudited Unaudited Unaudited Continuing operations:…
  7. Q3 2009 EARNINGS CALL – Acergy Sa – slide 7
    Cashflow Highlights In millions Three-Months Ended Nine-Months Ended August 31, 2009 August 31, 2009 Net income total operations 66.7 184.6 Depreciation and amortisation 33.1 95.8 Other non cash items from operations (11.4) (9.5)…
  8. Q3 2009 EARNINGS CALL – Acergy Sa – slide 8
    Balance Sheet Highlights In millions as at August 31, November August 31, 2009 30, 2008 2008 Unaudited Audited (1) Unaudited Property, plant and equipment 845.4 907.6 918.2 Interest in associates and joint ventures 175.1 140.2…
  9. Q3 2009 EARNINGS CALL – Acergy Sa – slide 9
    Appendices seabed-to-surface October 14, 2009 slide 10
  10. Q3 2009 EARNINGS CALL – Acergy Sa – slide 10
    Major Project Progression Continuing Projects 100m, between 5% and 95% complete as at August 31, 2009 - excl. long-term ship charters Moho Bilondo (Congo) Block 15 (Angola) EPC4A (Nigeria) PazFlor (Angola) ALNG (Angola) Deep…
  11. Q3 2009 EARNINGS CALL – Acergy Sa – slide 11
    Backlog Analysis continuing operations In millions as at: Aug.31.09 May.31.09 Aug.31.08 (1) Backlog 2,628 2,415 3,038 (2) Pre-Backlog 42 99 176 (1) Backlog excludes amounts related to discontinued operations as of Aug.31.09: 72…
  12. Q3 2009 EARNINGS CALL – Acergy Sa – slide 12
    Segmental Analysis continuing operations For the three months Acergy Acergy Acergy Acergy Acergy Acergy Total ended August.31.2009 NEC AME AFMED NAMEX SAM Corporate Continuing operations In millions Revenue 216.6 43.2 243.7 13.3…
  13. Q3 2009 EARNINGS CALL – Acergy Sa – slide 13
    Regional Performance continuing operations Acergy Northern Europe and Canada Quarter Ended Nine Months Ended Aug 31 Aug 31 300 278.7 750 617.0 600 Millions 216.6 Millions 485.3 200 450 300 100 88.3 126.6 34.1 150…
  14. Q3 2009 EARNINGS CALL – Acergy Sa – slide 14
    Regional Performance continuing operations Acergy Asia and Middle East Quarter Ended Nine Months Ended Aug 31 Aug 31 144.0 60 150 135.8 48.5 Millions 43.2 Millions 40 100 20 50 27.4 6.8 12.3 (0.1) 0 0 Net…
  15. Q3 2009 EARNINGS CALL – Acergy Sa – slide 15
    Regional Performance continuing operations Acergy Africa and Mediterranean Quarter Ended Nine Months Ended Aug 31 Aug 31 300 1,000 968.2 243.7 233.4 Millions Millions 200 750 679.6 500 100 27.2 250 105.9 160.9…
  16. Q3 2009 EARNINGS CALL – Acergy Sa – slide 16
    Regional Performance continuing operations Acergy North America and Mexico Quarter Ended Nine Months Ended Aug 31 Aug 31 20 50 46.8 Millions Millions 13.3 10 25 16.8 4.1 6.6 1.1 0.3 2.6 0 0 Net Operating Net Operating…
  17. Q3 2009 EARNINGS CALL – Acergy Sa – slide 17
    Regional Performance continuing operations Acergy South America Quarter Ended Nine Months Ended Aug 31 Aug 31 110 300 77.3 225.3 229.2 Millions 80 Millions 200 50 39.3 100 20 6.5 24.3 (3.5) 15.2 0 -10 Net Operating…
  18. Q3 2009 EARNINGS CALL – Acergy Sa – slide 18
    Regional Performance discontinued operations Discontinued Operations Quarter Ended Nine Months Ended Aug 31 Aug 31 140 200 177.1 114.1 100 150 Millions Millions 100 85.3 60 36.3 18.2 50 20 4.5 10.9 (26.0) 0 -20 Net…
  19. Q3 2009 EARNINGS CALL – Acergy Sa – slide 19
    Adjusted EBITDA (a) Adjusted EBITDA: The Group calculates Adjusted EBITDA from continuing operations (adjusted earnings before interest, income taxation, depreciation and amortisation) as net income from continuing operations plus…
  20. Q3 2009 EARNINGS CALL – Acergy Sa – slide 20
    Reconciliation of Net Operating Income to Adjusted EBITDA Three-Months Ended Three-Months Ended August 31, 2009 August 31, 2008 Total Total In millions (except percentages) Continuing Discontinued Continuing Discontinued operations…

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