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Q1 2015 EARNINGS CALL – Swiber Holdings Limited

Swiber Holdings Limited · May 14, 2015 · 17 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. Q1 2015 EARNINGS CALL – Swiber Holdings Limited – slide 1
    Swiber Holdings Limited 1QFY15 Results
  2. Q1 2015 EARNINGS CALL – Swiber Holdings Limited – slide 2
    Agenda 1QFY15 Results 3 Financial Highlights 6 Outlook 14 Q&A 16 2
  3. Q1 2015 EARNINGS CALL – Swiber Holdings Limited – slide 3
    1QFY15 Results
  4. Q1 2015 EARNINGS CALL – Swiber Holdings Limited – slide 4
    1QFY15 Results Net profit of US70,000 against US52.8 million in 1QFY14 - decline in backlogs as a result of depletion of order book in FY14 - absence of US95.1 million gain from disposal of a group of subsidiaries in FY14 - fair…
  5. Q1 2015 EARNINGS CALL – Swiber Holdings Limited – slide 5
    1QFY15 Results New contract wins in 2015, including three major awards from a National Oil Company (NOC) in India - US310 million for eight new platforms and associated pipelines for a NOC in India in February - US405.6 million for…
  6. Q1 2015 EARNINGS CALL – Swiber Holdings Limited – slide 6
    Financial Highlights
  7. Q1 2015 EARNINGS CALL – Swiber Holdings Limited – slide 7
    Financial Highlights US000 1QFY14 1QFY15 % change Revenue 199,498 164,905 (17.3) Gross profit 9,009 19,422 115.6 Other operating income 97,062 2,947 (97.0) Share of profit of associates and joint 9,991 4,844 (51.5) ventures Profit…
  8. Q1 2015 EARNINGS CALL – Swiber Holdings Limited – slide 8
    Group Revenue Revenue falls 17.3% to US164.9 million in 1QFY15 due to fewer contracts being executed Latin America sees upturn in activities 7
  9. Q1 2015 EARNINGS CALL – Swiber Holdings Limited – slide 9
    Impact of election & energy reforms in target markets on order book Elections in target markets slow new awards in FY14 Energy reforms in Mexico to benefit order book 1,800 Indian General Mexican Energy Reforms 1,400 Elections in…
  10. Q1 2015 EARNINGS CALL – Swiber Holdings Limited – slide 10
    Group Profitability Net profit down reflecting fewer contracts being executed, absence of US95.1 million gain from disposal of a group of subsidiaries in FY14, and fair value loss of US20.9 million on financial liabilities Gross…
  11. Q1 2015 EARNINGS CALL – Swiber Holdings Limited – slide 11
    Financial Highlights US000 FY2014 3MFY15 Current Assets 1,020,519 963,330 Non-Current Assets 1,128,782 1,106,103 Current Liabilities 641,266 555,743 Non-Current Liabilities 854,710 850,642 Equity 653,325 663,048 11
  12. Q1 2015 EARNINGS CALL – Swiber Holdings Limited – slide 12
    Key Financial Ratios 30 Jun 2014 30 Sep 2014 31 Dec 2014 31 Mar 2015 12
  13. Q1 2015 EARNINGS CALL – Swiber Holdings Limited – slide 13
    Total Group Borrowings Total Borrowing as at 31 Mar 2015 (US1,092 million) 11% 15% Bank Loans 17% Working Lines Notes Payable Finance Leases 57% Total US000 Bank Loans 118,480 Working Lines 186,684 Notes Payable…
  14. Q1 2015 EARNINGS CALL – Swiber Holdings Limited – slide 14
    Outlook
  15. Q1 2015 EARNINGS CALL – Swiber Holdings Limited – slide 15
    Industry Outlook Brent Crude Price Oil prices have rebounded by around a third from its low of US50.10 in January to above US65 Industry capex cuts to have greater impact on new field developments and deepwater activities Swiber…
  16. Q1 2015 EARNINGS CALL – Swiber Holdings Limited – slide 16
    Q&A
  17. Q1 2015 EARNINGS CALL – Swiber Holdings Limited – slide 17
    Thank you

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