TECNICAS REUNIDAS Juan Llad CEO 2011 First Half Results Presentation 1st of September 2011
INDEX TECNICAS REUNIDAS DELIVERY OF MAJOR PROJECTS BACKLOG & AWARDS 1H 2011 FINANCIAL RESULTS CURRENT ENVIRONMENT 1
DELIVERY OF MAJOR PROJECTS CARTAGENA, REPSOL, SPAIN Refinery Expansion EPC - LSTK EPCDistillation, hydrocraker and hydro- desulphurisation units Processing capacity: 210,000 bpd 2
DELIVERY OF MAJOR PROJECTS JUBAIL, SATORP, SAUDI ARABIA Grassroot Refinery EPC- LSTK Crude vacuum unit Processing capacity: 400,000 bpdc 3
DELIVERY OF MAJOR PROJECTS MOERDIJK, ESSENT, HOLLAND Combined Cycle EPC- LSTK together with GE Capacity: 426 MW 4
TECNICAS REUNIDAS DELIVERY OF MAJOR PROJECTS BACKLOG & AWARDS 1H 2011 FINANCIAL RESULTS CURRENT ENVIRONMENT 5
1H 2011 BACKLOG Backlog m 7,000 6,000 5,730 4,713 4,711 4,820 5,000 4,491 4,000 3,000 2,000 1,000 0 2007 2008 2009 2010 1H 11 Oil and gas Power 6
1H 2011 BACKLOG Backlog m 7,000 6,000 5,730 4,713 4,711 4,820 5,000 4,491 RECENT AWARDS 4,000 Tpras LSTK conversion 3,000 Desalination plant in 2,000 Australia 1,000 0 2007 2008 2009 2010 1H 11 Oil and gas Power 7
1H 11 BACKLOG ANALYSIS BY CONTRACT TYPE BY GEOGRAPHY Europe 7% 38% Spain Rest of 1% Middle East 11% 42% 51% Saudi ROW Arabia 22% 28% OBE LSTK OTHER 8
2Q 2011 AWARDS Normandy Refinery Project, France Highlights EPC for a new Gasoil Hydrodesulphurization Unit (HDS) for Totals Normandy refinery. Capacity: 3.840 t/d. It is designed to produced desulphurized diesel with just 8…
2Q 2011 AWARDS Botas Project, Turkey Highlights EPC for a natural gas compression station in Turkey. Project includes: the design and detail engineering, the procurement of all equipment and materials, as well as the…
2Q 2011 AWARDS Volgograd Lukoil Refinery, Russia Highlights FEED services contract for a hydrocracker complex in Volgograd, Russia. Hydrocracker technology: UOP. Volgograd refinery processing capacity: 160,000 bpd (8 million…
RECENT AWARDS Desalination Plant, Perth Highlights The project involves the design, turnkey construction, operation and maintenance of a desalination plant in Perth, Australia Project awarded to the Southern Seawater Alliance…
TECNICAS REUNIDAS DELIVERY OF MAJOR PROJECTS BACKLOG & AWARDS 1H 2011 FINANCIAL RESULTS CURRENT ENVIRONMENT 13
FINANCIAL RESULTS Profit and Loss Account 1H 11 1H 10 Var. 2010* million Revenues 1,366.8 1,366.0 0.1% 2,771.4 82.5 80.6 2.4% 162.9 EBITDA 6.0% 5.9% 5.9% Margin 78.8 77.2 2.0% 155.5 EBIT Margin 5.8% 5.6% 5.6% Net Financial…
NET CASH POSITION AND DIVIDENDS 1H 2011 Net cash position: 601 million 2010 Dividend: 1.34 per share Company bought back shares equivalent to 1.03% of total equity in July and August Net Cash Position m 900 796 575 601 600…
TECNICAS REUNIDAS DELIVERY OF MAJOR PROJECTS BACKLOG & AWARDS 1H 2011 FINANCIAL RESULTS CURRENT ENVIRONMENT 17
CURRENT ENVIRONMENT Aggressive Asian competition in the Middle East Slow launch of projects where TR was preselected outside the Middle East Even so, Positive economic environment worldwide for energy investments Ambitious…