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Q2 2012 EARNINGS CALL – Swiber Holdings Limited

Swiber Holdings Limited · Aug 15, 2012 · 26 slides

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Slides

  1. Q2 2012 EARNINGS CALL – Swiber Holdings Limited – slide 1
    2QFY2012 RESULTS BRIEFING 15 AUG 2012
  2. Q2 2012 EARNINGS CALL – Swiber Holdings Limited – slide 2
    2QFY2012 RESULTS BRIEFING Financial Highlights 15 AUG 2012 2Q2012 and HY2012
  3. Q2 2012 EARNINGS CALL – Swiber Holdings Limited – slide 3
    Corporate Highlights 2Q2012 Highlights Net Profit surges 66.0% to US20.9 million Revenue rises 27.1% to US229.6 million HY2012 Highlights Net Profit rose 36.9% to US33.5 million Revenue increases 28.0% to US424.0 million Record…
  4. Q2 2012 EARNINGS CALL – Swiber Holdings Limited – slide 4
    Financial Highlights at a Glance Change Change US (million) 2Q2012 2Q2011 HY2012 HFY2011 (%) (%) Revenue 229.6 180.6 27.1 424.0 331.2 28.0 Gross Profit 32.7 26.6 22.6 71.1 51.1 39.2 Gross Profit 14.2 14.7 (0.5) % pt 16.8 15.4…
  5. Q2 2012 EARNINGS CALL – Swiber Holdings Limited – slide 5
    Revenue Trend Revenue in HY2012 is approx 2/3 of revenue achieved in FY2011 USm 700 654.5 600 500 465.7 428.4 393.4 424.0 400 300 331.2 28.0% 200 151.2 100 0 FY2007 FY2008 FY2009 FY2010 HY2011 HY2012 & FY2011 49.7
  6. Q2 2012 EARNINGS CALL – Swiber Holdings Limited – slide 6
    Revenue 2Q2012 and HY2012 Revenue increased 27.1% from 28.0% US180.6 million in 2Q2011 to USm US229.6 million in 2Q2012 450 424.0 400 27.1% Revenue increased 28.0% from 350 331.2 US331.2 million in HY2011 to US424.0 million in…
  7. Q2 2012 EARNINGS CALL – Swiber Holdings Limited – slide 7
    Net Profit Trend Net Profit in HY2012 is approx 80% of the net profit in F2011 USm 60 49.7 50 42.2 39.5 39.0 39.4 40 30 33.5 20 24.5 36.9% 10 0 FY2007 FY2008 FY2009 FY2010 HY2011 HY2012 & FY2011 49.7
  8. Q2 2012 EARNINGS CALL – Swiber Holdings Limited – slide 8
    Net Profit 2Q2012 USm Net Profit increased 66.0% to US20.9 million in 2Q2012 largely 40 due to: 36.9% 54.0% increase in other 33.5 operating income to US11.5 35 million Share of profit of US4.1 30 million from associates and…
  9. Q2 2012 EARNINGS CALL – Swiber Holdings Limited – slide 9
    Statement of Financial Position m US HY2012 FY2011 Change (%) Cash & Bank Balances 129.2 116.5 10.9 Trade receivables and CWIP 375.0 281.4 33.3 Current assets 805.1 608.4 32.3 Non-current assets 749.0 766.5 (2.3) Current…
  10. Q2 2012 EARNINGS CALL – Swiber Holdings Limited – slide 10
    Key Financial Ratios Key ratios 6M2012 FY2011 Change(%) NAV per share (US cents) 71.4 71.1 0.4 Net Debt / Equity (times) 0.89 0.88 1.1 Key ratios 6M2012 6M2011 Change(%) Return on Equity (%) (annualised) 15.4 14.1 1.3% pt Return on…
  11. Q2 2012 EARNINGS CALL – Swiber Holdings Limited – slide 11
    Cashflow Statement 000 US 2Q2012 2Q2011 Operating cashflow before movement in working capital 25,717 18,823 Net cash (used in)/ provided by operating activities (66,135) 22,202 Net cash used in investing activities (37,705) (45,154)…
  12. Q2 2012 EARNINGS CALL – Swiber Holdings Limited – slide 12
    Strong and Growing Order Book Order Book Trend USm Dec 2010 Aug 2011 Dec 2011 Aug 2012 As at August 2012, the Groups order book stands at approximately US1.6 billion Order book expected to contribute to the Groups results over…
  13. Q2 2012 EARNINGS CALL – Swiber Holdings Limited – slide 13
    2QFY2012 RESULTS BRIEFING Corporate Highlights 15 AUG 2012 2QFY2012 and 1HFY2012
  14. Q2 2012 EARNINGS CALL – Swiber Holdings Limited – slide 14
    Corporate Highlights Contract Wins Date Contract Win Amount Jun 4 Offshore engineering, procurement, construction and installation works in US175 million Indonesia, through PT Rajawali Swiber Cakrawala, with PT SOME Indonesia Jun 5…
  15. Q2 2012 EARNINGS CALL – Swiber Holdings Limited – slide 15
    Young fleet of 56 Vessels1 15 Construction vessels *Under S&L **Owned by JV Company and Associates 1. Swiber Conquest (Pipelay barge) * 2. 1MAS-300 (Pipelay barge) ** 3. Swiber Concorde (Pipelay crane barge) * Expanded fleet puts…
  16. Q2 2012 EARNINGS CALL – Swiber Holdings Limited – slide 16
    Young fleet of 56 Vessels1 41 offshore support vessels Utility/ Towing Tugs AHT/ AHTS AHT/AHTS (Cond) Cargo/Flat Top barge 1. Swiber 99 1. Swiwar Venturer** 13. Swiber Sandefjord* 1. Swiber 123** 2. Swiber Raven** 2. Swiwar…
  17. Q2 2012 EARNINGS CALL – Swiber Holdings Limited – slide 17
    2QFY2012 RESULTS BRIEFING Industry Outlook 15 AUG 2012
  18. Q2 2012 EARNINGS CALL – Swiber Holdings Limited – slide 18
    Offshore Sector Spending Global upstream capital and operating expenditures (CAPEX and OPEX) are set to reach a combined record of 1.23 trillion for 2012 and expected to rise to 1.64 trillion in 2016 CAPEX on new projects and…
  19. Q2 2012 EARNINGS CALL – Swiber Holdings Limited – slide 19
    Offshore Sector Spending Asia Pacific and Middle East are key regions that will experience growth in offshore expenditure Source: IHS Upstream Spending Report (April 30, 2012)
  20. Q2 2012 EARNINGS CALL – Swiber Holdings Limited – slide 20
    Offshore Sector Spending Asia Pacific is expected to experience 7.93% CAGR growth in upstream CAPEX (including LNG/Pipelines) and OPEX spending Middle East is expected to experience 8.42% CAGR growth in upstream CAPEX (including…
  21. Q2 2012 EARNINGS CALL – Swiber Holdings Limited – slide 21
    Offshore Production and Subsea Services Production Services Over 355 billion is expected to be spent over the next five years (2012-2016) on offshore operations & maintenance, with production services dominating this sector Growth…
  22. Q2 2012 EARNINGS CALL – Swiber Holdings Limited – slide 22
    2QFY2012 RESULTS BRIEFING Strategy & Outlook 15 AUG 2012
  23. Q2 2012 EARNINGS CALL – Swiber Holdings Limited – slide 23
    Locations, Partnerships, Alliances Markets we are targeting Markets where Swiber has offices/presence China Mexico Vietnam Myanmar West Africa Brunei Latin America Indonesia Australia Middle East India Singapore…
  24. Q2 2012 EARNINGS CALL – Swiber Holdings Limited – slide 24
    Strategy & Outlook Strengthen our position as an experienced and reputable offshore service provider in the market Well positioned to bid for major contracts Prudent in managing business operations and cost efficiencies…
  25. Q2 2012 EARNINGS CALL – Swiber Holdings Limited – slide 25
    2QFY2012 RESULTS BRIEFING Q&A 15 AUG 2012
  26. Q2 2012 EARNINGS CALL – Swiber Holdings Limited – slide 26
    2QFY2012 RESULTS BRIEFING 15 AUG 2012

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