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PRESENTATION TO THE FINANCIAL COMMUNITY Q3 2013 RESULTS – Saipem Spa

Saipem Spa · Oct 28, 2013 · 13 slides

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Slides

  1. PRESENTATION TO THE FINANCIAL COMMUNITY Q3 2013 RESULTS – Saipem Spa – slide 1
    Presentation to the Financial Community Third quarter 2013 Results San Donato Milanese, October 28, 2013
  2. PRESENTATION TO THE FINANCIAL COMMUNITY Q3 2013 RESULTS – Saipem Spa – slide 2
    Presentation Outline 1. Q3 2013 Results 1. Financial Results 2. Backlog and new orders 3. Net Debt and Working Capital 4. Operational activities 2. Update on Consob proceeding and ongoing Algerian investigation 3. Guidance…
  3. PRESENTATION TO THE FINANCIAL COMMUNITY Q3 2013 RESULTS – Saipem Spa – slide 3
    1. Q3 2013 Results 4
  4. PRESENTATION TO THE FINANCIAL COMMUNITY Q3 2013 RESULTS – Saipem Spa – slide 4
    Financial Results (mn ) Revenues EBIT Net Profit 3,549 3,522 274 284 404 250 73 209 26 101 Q3 2012 Q3 2013 Q3 2012 Q3 2013 Q3 2012 Q3 2013 E&C Offshore E&C Onshore Drilling Offshore Drilling Onshore 5
  5. PRESENTATION TO THE FINANCIAL COMMUNITY Q3 2013 RESULTS – Saipem Spa – slide 5
    Backlog and new orders (mn ) 21,704 3,522 1,410 19,520 Backlog Q3 13 Q3 13 Contracts Backlog June 30, 13 Revenues Acquisition Sept 30, 13* E&C Offshore E&C Onshore Drilling Offshore Drilling Onshore *Includes effects of…
  6. PRESENTATION TO THE FINANCIAL COMMUNITY Q3 2013 RESULTS – Saipem Spa – slide 6
    Q3 2013 Net Debt and Working Capital breakdown (bn ) Net Debt Working Capital - 0.1 (0.7) 0.3 0.7 0.2 0.1 0.1 5.1 0.7 4.6 1.1 0.4 WC Work in Receivs WC Net Debt Applications Sources Net Debt Advances June 30,…
  7. PRESENTATION TO THE FINANCIAL COMMUNITY Q3 2013 RESULTS – Saipem Spa – slide 7
    Operational activities update Focus on returning to high class quality project execution: mitigating commercial and economic risk in the most critical projects improving commercial position with clients Taking steps to…
  8. PRESENTATION TO THE FINANCIAL COMMUNITY Q3 2013 RESULTS – Saipem Spa – slide 8
    Update on Consob proceeding and ongoing Algerian investigations We carried out a constructive step forward on Consob proceeding in the Consob direction of a common understanding with the Italian regulator. We present an accounting…
  9. PRESENTATION TO THE FINANCIAL COMMUNITY Q3 2013 RESULTS – Saipem Spa – slide 9
    3. Guidance 2013 Update 10
  10. PRESENTATION TO THE FINANCIAL COMMUNITY Q3 2013 RESULTS – Saipem Spa – slide 10
    2013 Guidance Update Revenues: 12.5 bn (from 13.0 bn) EBIT: 0 mn (confirmed) Net profit: (300) (350) mn (confirmed) Capex: 1.0 bn (confirmed) Net Debt: 5.0 5.2 bn (from 4.9-5.1 bn) 11
  11. PRESENTATION TO THE FINANCIAL COMMUNITY Q3 2013 RESULTS – Saipem Spa – slide 11
    4. Conclusion 12
  12. PRESENTATION TO THE FINANCIAL COMMUNITY Q3 2013 RESULTS – Saipem Spa – slide 12
    In conclusion Improved quarter of performance Operational performance stepped up, restoring commercial position with clients Rebuilding better margin portfolio through new contracts Good opportunities ahead, timing of…
  13. PRESENTATION TO THE FINANCIAL COMMUNITY Q3 2013 RESULTS – Saipem Spa – slide 13
    Q&A 14

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