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FULL YEAR 2010 RESULTS – Tecnicas Reunidas

Tecnicas Reunidas · Mar 1, 2011 · 26 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. FULL YEAR 2010 RESULTS – Tecnicas Reunidas – slide 1
    TECNICAS REUNIDAS Juan Llad CEO Year 2010 Results Presentation 1st of March 2011
  2. FULL YEAR 2010 RESULTS – Tecnicas Reunidas – slide 2
    2010: BUILDING A STRONGER TR TECNICAS REUNIDAS SUCCESFUL DELIVERY OF MAJOR PROJECTS RECORD LEVEL OF AWARDS AND BACKLOG POSITIVE OPERATING RESULTS AND PROJECT EXECUTION BUILD UP OF NEW BUSINESS OPPORTUNITIES 1
  3. FULL YEAR 2010 RESULTS – Tecnicas Reunidas – slide 3
    SUCCESFUL DELIVERY OF MAJOR PROJECTS KAYAN, SABIC, SAUDI ARABIA Phenolics complex OBE with conversion LSTK 40.7 MM Safe Man Hours 8,000 workers at peak 2
  4. FULL YEAR 2010 RESULTS – Tecnicas Reunidas – slide 4
    SUCCESFUL DELIVERY OF MAJOR PROJECTS BOROUGE, ADNOC, UAE Utilities, offsites and external interconnecting project OBE with conversion to LSTK 36 MM safe man hours 7,400 workers at peak 3
  5. FULL YEAR 2010 RESULTS – Tecnicas Reunidas – slide 5
    2010: BUILDING A STRONGER TR TECNICAS REUNIDAS SUCCESFUL DELIVERY OF MAJOR PROJECTS RECORD LEVEL OF AWARDS AND BACKLOG POSITIVE OPERATING RESULTS AND PROJECT EXECUTION BUILD UP OF NEW BUSINESS OPPORTUNITIES 4
  6. FULL YEAR 2010 RESULTS – Tecnicas Reunidas – slide 6
    RECORD LEVELS OF AWARDS AND BACKLOG Awards m 4,500 2010 Major Awards 4,000 3,582 3,619 3,500 IZMIT 3,000 TALARA 2,621 2,661 2,500 2,207 SHAH 2,000 MARGARITA 1,500 YANBU 1,000 ZHUHAI LNG 500 MEJILLONES 0 2006 2007 2008…
  7. FULL YEAR 2010 RESULTS – Tecnicas Reunidas – slide 7
    MAJOR 2010 AWARDS Izmit Refinery, Turkey Increase distillation capacity and construction of new conversion units Estimated investment value: 1,500 million Talara Refinery, Peru Revamping and construction of new process units…
  8. FULL YEAR 2010 RESULTS – Tecnicas Reunidas – slide 8
    MAJOR 2010 AWARDS Yanbu Refinery, Saudi Arabia Package 1: Delayed coker unit and mercaptan removal unit Contract value: 770 million Zhuhai LNG, China Three LNG tanks and a LNG terminal Contract value: 140 million Mejillones…
  9. FULL YEAR 2010 RESULTS – Tecnicas Reunidas – slide 9
    RECORD LEVELS OF AWARDS AND BACKLOG Backlog m 7.000 6.000 5,730 4,713 4,711 4,820 5.000 4.000 3,040 3.000 2.000 1.000 0 2006 2007 2008 2009 2010 Oil and gas Power 8
  10. FULL YEAR 2010 RESULTS – Tecnicas Reunidas – slide 10
    BACKLOG ANALYSIS BY AWARD DATE BY GEOGRAPHY Europe 13% Rest of 36% 59% 9% Middle East 11% Spain Saudi 3% 19% Arabia 26% ROW 24% 2007 2008 2009 2010 9
  11. FULL YEAR 2010 RESULTS – Tecnicas Reunidas – slide 11
    BACKLOG ANALYSIS BY CONTRACT TYPE BY CLIENT 7% 49% NOCs IOCs 55% 40% 43% UTILITIES & OTHERS OBE LSTK OTHER 5% 10
  12. FULL YEAR 2010 RESULTS – Tecnicas Reunidas – slide 12
    2010: BUILDING A STRONGER TR TECNICAS REUNIDAS SUCCESFUL DELIVERY OF MAJOR PROJECTS RECORD LEVEL OF AWARDS AND BACKLOG POSITIVE OPERATING RESULTS AND PROJECT EXECUTION BUILD UP OF NEW BUSINESS OPPORTUNITIES 11
  13. FULL YEAR 2010 RESULTS – Tecnicas Reunidas – slide 13
    SOLID TRACK RECORD OF BACKLOG EXECUTION EXCELLENCE IN EXECUTION IN OIL & GAS PROJECTS AROUND THE WORLD SAS SHAH JUBAIL YANBU BOROUGE KAYAN Oil and gas Power & Water 12
  14. FULL YEAR 2010 RESULTS – Tecnicas Reunidas – slide 14
    SOLID TRACK RECORD OF BACKLOG EXECUTION EXCELLENCE IN EXECUTION IN OIL & GAS PROJECTS AROUND THE WORLD ELEFSINA KHABAROVSK SINES IZMIT CARTAGENA Oil and gas Power & Water 13
  15. FULL YEAR 2010 RESULTS – Tecnicas Reunidas – slide 15
    SOLID TRACK RECORD OF BACKLOG EXECUTION EXCELLENCE IN EXECUTION IN OIL & GAS PROJECTS AROUND THE WORLD PEMEX TALARA MARGARITA CODELCO-SUEZ ENAP Oil and gas Power & Water 14
  16. FULL YEAR 2010 RESULTS – Tecnicas Reunidas – slide 16
    SOLID TRACK RECORD OF BACKLOG EXECUTION EXCELLENCE IN EXECUTION IN POWER AND WATER PROJECTS AROUND THE WORLD FENNOVOIMA TVO OLKILOUTO III MOERDIJK CCGTs SPAIN MONTOIRE DE ITER BRETAGNE LUNGMEN TAISHAN MANIFA PERTH…
  17. FULL YEAR 2010 RESULTS – Tecnicas Reunidas – slide 17
    SOLID TRACK RECORD OF BACKLOG EXECUTION EXCELLENCE IN EXECUTION OF LARGE AND COMPLEX PROJECTS AROUND THE WORLD FENNOVOIMA TVO OLKILOUTO III ELEFSINA MOERDIJK KHABAROVSK MONTOIRE DE CCGTs SPAIN BRETAGNE SINES IZMIT ITER SAS…
  18. FULL YEAR 2010 RESULTS – Tecnicas Reunidas – slide 18
    SALES AND EBITDA GROWTH SALES EBITDA m +5% m +4% 3,000 2,771 2,634 180 163 2,479 148 156 2,500 150 2,005 2,000 113 120 1,500 90 1,000 60 500 30 0 0 2007 2008 2009 2010 2007 2008 2009 2010 17
  19. FULL YEAR 2010 RESULTS – Tecnicas Reunidas – slide 19
    FINANCIAL RESULTS Profit and Loss Account 2010 2009 Var. million Revenues 2,771.4 2,634.3 5.2% EBITDA 162.9 155.9 4.5% Margin 5.9% 5.9% EBIT 155.5 149.0 4.4% Margin 5.6% 5.7% Ordinary Net Financial Results 10.4 12.8…
  20. FULL YEAR 2010 RESULTS – Tecnicas Reunidas – slide 20
    SETTLEMENT OF TAX ASSESMENT AMOUNT CONCEPT ACCOUNTING TREATMENT MILLION 2004 2007 Assesments 22.6 2010 Tax Expense Delayed interests 3.6 2010 Financial Expense 2008 2009 Corporate tax increase 13.1 2010 Tax Expense TOTAL…
  21. FULL YEAR 2010 RESULTS – Tecnicas Reunidas – slide 21
    NET CASH POSITION AND DIVIDENS 2010 Net cash position: 525 million 2010 Dividend: 1.34 per share m 900 DPS progression 796 /Share CAGR 20% 1.5 575 525 1.3 600 1.1 422 0.65 0.68 0.68 0.9 300 0.7 0.52 0.5 0.34 0.3 0.64 0.66…
  22. FULL YEAR 2010 RESULTS – Tecnicas Reunidas – slide 22
    HUMAN RESOURCES Headquarters Spain + TR Abroad Employees CAGR 10% 7,000 5,955 6,000 5,571 Employment growth in 2010: 5,232 5,000 4,412 7% overall 4,000 7% in graduates 3,000 2,000 1,000 0 2007 2008 2009 2010 21
  23. FULL YEAR 2010 RESULTS – Tecnicas Reunidas – slide 23
    2010: BUILDING A STRONGER TR TECNICAS REUNIDAS SUCCESFUL DELIVERY OF MAJOR PROJECTS RECORD LEVEL OF AWARDS AND BACKLOG POSITIVE OPERATING RESULTS AND PROJECT EXECUTION BUILD UP OF NEW BUSINESS OPPORTUNITIES 22
  24. FULL YEAR 2010 RESULTS – Tecnicas Reunidas – slide 24
    BUILD UP OF NEW BUSINESS OPPORTUNITIES Geographical expansion: Getting closer to new major potential clients in: Latin America Russia Eastern Europe Asia Product expansion: Refining: new conversion units (e.g. flexicoker)…
  25. FULL YEAR 2010 RESULTS – Tecnicas Reunidas – slide 25
    BUSINESS OUTLOOK FOR 2011 Positive order intake outlook: currently negotiating potential awards for more than 70% of 2010 sales. Healthy and increased backlog together with solid execution expected to provide in 2011: Higher…
  26. FULL YEAR 2010 RESULTS – Tecnicas Reunidas – slide 26

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