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2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited

Shengli Oil and Gas Pipe Holdings Limited · Mar 12, 2012 · 39 slides

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Slides

  1. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 1
    2011 Annual Results Presentation 2011 12 March 2012 1
  2. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 2
    Agenda Financial Review / Operational Review / Industry Review / Prospects / Q & A / Company Profile / 3
  3. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 3
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  4. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 4
    Financial Highlights Revenue: RMB 1,821 Million ( +61.7% YoY) 18.21 61.7% Gross Profit: RMB 143 Million ( -3.2% YoY) 1.433.2%) Gross Profit Margin: 7.9% ( -5.2% YoY) 7.9%5.2 SSAW Gross Profit per Tonne: RMB 416 per Tonne (…
  5. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 5
    Financial Highlights (Con.) Cash and Cash Equivalents: RMB 381.83 Million (+7.0% YoY) 3.82 7.0% Net Debt-to-Equity Ratio (the Gearing Ratio): 18.0% (+38.0% YoY) 18.0% 38.0 Final Dividend: RMB 0.94 Cents (+5.0% YoY) 0.94…
  6. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 6
    Summary of Profit and Loss RMB000 FY2011 FY2010 YoY Revenue 1,821,836 1,126,923 +61.7% Cost of Sales (1,678,436) (978,801) +71.5% Gross Profit 143,400 148,122 -3.2% Other Income and Gains 96,247 42,673 +125.5% Finance Costs…
  7. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 7
    Summary of Balance Sheet RMB000 FY2011 FY2010 YoY Non-Current Assets 1,126,611 688,798 +63.6% Current Assets 1,915,880 1,397,821 +37.1% Current Liabilities 878,764 124,495 +605.9% Net Current Assets 1,037,116 1,273,326 -18.6%…
  8. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 8
    Segment Overview (RMB'000) FY2011 FY2010 YoY Revenue 1,655,764 994,678 +66.5% SSAW Pipe (Vol. 270,197tonnes) (Vol. 219,580tonnes) (+23.1%) SSAW Sales 1,514,706 891,972 +69.8% SSAW Processing 5,605 25,415 -77.9% 135,453 77,291…
  9. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 9
    Cost Analysis Cost of Sales Analysis - by Business Amount Business Percentage (000 RMB ) 162,620; 106,001; SSAW 9.7% 6.3% 1,409,816 84.0% SSAW / Cold-formed Section Steel Cold-formed Section Steel / 162,620 9.7%…
  10. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 10
    Cost Analysis (Con.) Cold-formed SSAW Anti- Corrosion Section Steel Cost of Sales Analysis SSAW Amount Amount Amount Composition Percentage Percentage Percentage 59,089; (000 20,071; (000 RMB) (000 RMB) 4.2% RMB) 1.4%…
  11. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 11
    Capacity Overview SSAW Utilization / 1. Zibo Business / 2011 2010 Capacity / 880,000 tonnes Production lines / : 6* SSAW Pipe 45.4% 35.3% * an advanced SSAW pre-welding and precision-welding steel pipes production…
  12. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 12
    Capital Expenditure Construction of an advanced SSAW pre-welding and precision-welding steel pipes production line in Zibo City (SSAW: 360,000 tons) / 500 SSAW36 Construction of Two SSAW Production Lines in Total / : 443.7…
  13. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 13
    Use of IPO Proceeds Actual Expenditure as at 31 December 2011 Amount Allocated 20111231 000 RMB) (000 RMB) Construction of an advanced SSAW pre-welding and precision-welding steel pipes production line and two SSAW…
  14. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 14
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  15. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 15
    Sales Volume By Project (SSAW Pipes) SSAW For the year 2011 / 2011 Tonnes Percentage of Sales National Projects/ 126,911 47% Sino-Myanmar Gas Pipelines / 43,696 South Line of the Sino-Kazakh Pipeline / 33,015 Changqing-Huhhot…
  16. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 16
    Sales Volume By Project (Anti-Corrosion) For the year 2011 / 2011 Square Meter Percentage of Sales Jingbian-Xian Pipeline / 519,887 23.1% Sino-Myanmar Gas Pipelines (Outside) / 433,609 19.3% China-Myanmar Gas Pipelines…
  17. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 17
    Open Tenders for Year 2011 2011 As at 31 December 2011, Shengli Oil and Gas Pipe Holdings Ltd. 20111231 Has won a total of 23 open tenders for national projects and 197 open tenders for local projects 23 197 Will supply a total…
  18. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 18
    Open Tenders for Year 2011 (Con.) 2011 Examples of Open Tenders won for 2011 include 2011 The Second West to East Natural Gas Pipeline, Lunnan Tulufan Branch Line Changqing Oil Field Huhhot Petroleum and Chemical Crude Oil…
  19. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 19
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  20. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 20
    Oil and Gas Pipelines in PRC PRC'S Major Oil and Gas Pipeline by Type Spiral Submerged Arc Welded Pipe (SSAW) ERW (5%) SSAW pipes are formed using narrow plates or hot rolled coils , which LSAW (25%) lowers the production cost…
  21. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 21
    Oil and Gas Pipeline Projects in China 22
  22. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 22
    Favorable Industry Development It is expected that the Oil and Gas pipe network in China will be doubled in 5 years on the back of Chinas Strong demand for energy China aims to extend pipelines to 150,000 km under the 12th…
  23. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 23
    Oil Favorable Industry Development (Cont.) International Expansion -Sino-Russian Pipeline -Sino-Myanmar Pipeline -Central Asia-China Pipeline -Sino-Kazakhstan Pipeline Sino-Myanmar Pipeline Sino-Kazakhstan…
  24. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 24
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  25. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 25
    Capacity Expansion Plan Production Capacity for SSAW & LSAW SSAWLSAW 180 Ten Thousands Tonnes / 160 20 140 120 100 80 145 145 LSAW 60 115 SSAW 40 54 64 20 31 32 36 0 2006 2007 2008 2009 2010 2011 2012E 2013 E Year…
  26. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 26
    An Advanced SSAW Pre-Welding and Precision-Welding Steel Pipes Production Line The first domestic SSAW pipe producer to introduce this technique in China Could help achieve annual production capacity of 360,000 metric tons…
  27. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 27
    Subscription of Equity Interest in Huayou Xinjiang On 12 August 2011, Shandong Shengli acquired 56.428% of the shares of Huayou Xinjiang, Brief Review (which has 150,000 tonnes of production capacity), at a price of RMB 99 million in…
  28. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 28
    Formation of a LSAW Joint Venture Company LSAW On 30 March 2011, Shandong Shengli established a JV with Xiangtan Steel and Hunan Shengyu to engage in manufacture of LSAW and SSAW pipes and provision of anti-corrision Brief Review…
  29. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 29
    Strategic Investment in Gas Distribution On 20 November 2010, Shandong Shengli entered into the investment agreement with Brief Review Golden Fortune to acquire 25% of its equity interest at a price of RMB 300,000,000 20101120 25%…
  30. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 30
    Growth Strategy Diversify products by constructing a LSAW pipe production line with annual production capacity of 200,000 tonnes 20 LSAW Broaden provincial and international market coverage Establish provincial R&D to…
  31. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 31
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  32. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 32
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  33. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 33
    Company Overview - (1) -1 One of the largest oil and gas pipe manufacturers in China One of the seven approved suppliers of SSAW Pipe in China SSAW (1) Shengli Oil & Gas Pipe Holdings Limited 1,150,000 tonnes Other Three…
  34. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 34
    Company Overview - (2) -2 Key Product / SSAW pipes over 20 % market share in China SSAW 20% Key Clients / PetroChina Group Sinopec Group 35
  35. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 35
    Company Overview - (3) -3 Diverse Range of Products / Varied SSAW Pipe Diameter Range SSAW : 219 mm - 2,200 mm Varied Steel Grade : X60, X65, X70, X80, X100 Varied Wall Thickness : 6 mm 25.4 mm Variety of Qualification /…
  36. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 36
    Company Overview - (4) -4 Involvement in Key Major Pipeline Projects First and Second West-East Gas Pipeline West Oil Pipeline Central Asia-China Natural Gas Pipeline Sichuan Gas Pipeline Shaanxi-Beijing Gas Pipeline…
  37. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 37
    Shareholding Structure Mr.Yan Tangfeng Senior Public (Chairman and Non Executive Director) Management Shareholders 40.86 % 16.89 % 42.25 % Notes: As of 27 September 2011 / 2011 9 27 38
  38. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 38
    Main Business Coverage SSAW pipes Cold-formed section steel SSAW Manufacturing Anti- Quality Design and Transportation Maintenance Corrosion control processing 39
  39. 2011 ANNUAL RESULTS PRESENTATION – Shengli Oil and Gas Pipe Holdings Limited – slide 39
    Investor Relations Contact: Mr. Jeffrey Ng (CFO & Company Secretary) Email : Jeffreyslogp.com Website : www.slogp.com 40

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