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THIRD QUARTER RESULTS 2014 – Stork

Stork · Nov 11, 2014 · 16 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. THIRD QUARTER RESULTS 2014 – Stork – slide 1
    V THIRDQUARTER RESULTS2014 UTRECHT, 11 NOVEMBER 2014 ARNOLD STEENBAKKER - CEO PIM OOMENS - CFO
  2. THIRD QUARTER RESULTS 2014 – Stork – slide 2
    AGENDA Q3 2014 HIGHLIGHTS - Key Financials FINANCIAL RESULTS SUMMARY PAGE 3 Q3 2014 RESULTS 11 NOVEMBER 2014
  3. THIRD QUARTER RESULTS 2014 – Stork – slide 3
    Q3 2014 HIGHLIGHTS Markets: Maintenance and asset integrity services are less exposed to the market uncertainties. However: Oil & Gas price development may result in postponement of activities in the sector; Healthy order book 1,276m…
  4. THIRD QUARTER RESULTS 2014 – Stork – slide 4
    Q3 2014 KEY FIGURES1 Millions Q3 YTD Q3 2014 Q3 2013 YTD 2014 YTD 2013 Order book 1,276 1,098 1,276 1,098 Revenue 385.1 362.1 1,070.1 1,032.5 Organic growth 5.6% 4.2% EBITDA 23.3 20.1 58.1 47.5 % on revenue 6.0% 5.6% 5.4%…
  5. THIRD QUARTER RESULTS 2014 – Stork – slide 5
    Q3 2014 KEY FIGURES1 Solid performance confirming recovery REVENUE Organic growth (%) 4.5% 3.8% 5.6% 4.2% 1,032.5 1,070.1 309.7 315.1 360.6 369.9 362.1 385.1 Q1 2013 Q1 2014 Q2 2013 Q2 2014 Q3 2013 Q3 2014 YTD 2013 YTD…
  6. THIRD QUARTER RESULTS 2014 – Stork – slide 6
    AGENDA Q3 2014 HIGHLIGHTS - Key Financials FINANCIAL RESULTS SUMMARY PAGE 7 Q3 2014 RESULTS 11 NOVEMBER 2014
  7. THIRD QUARTER RESULTS 2014 – Stork – slide 7
    Q3 2014 KEY FINANCIALS INDUSTRIAL SERVICES Millions, % of Revenues Q3 REVENUE 1) COMMENTS Q3 Strong order book of 1,192m (Q3 2013: 995m): Q3 order intake included a number of major project awards in Oil & Gas and in the Dutch…
  8. THIRD QUARTER RESULTS 2014 – Stork – slide 8
    Q3 2014 KEY FINANCIALS POWER SERVICES Millions, % of Revenues Q3 REVENUE 1) COMMENTS Q3 Organic growth2) (7.6)% Stable orderbook at 77m (Q3 2013: 72m) Quality of order book and pipeline support stabilising performance. 42.7 39.5…
  9. THIRD QUARTER RESULTS 2014 – Stork – slide 9
    AGENDA Q3 2014 HIGHLIGHTS - Key Financials FINANCIAL RESULTS SUMMARY PAGE 10 Q3 2014 RESULTS 11 NOVEMBER 2014
  10. THIRD QUARTER RESULTS 2014 – Stork – slide 10
    Q3 2014 INCOME STATEMENT Millions Q3 YTD COMMENTS Q3 Q3 2014 Q3 2013 YTD 2014 YTD 2013 Solid revenue with organic growth of 5.6%. REVENUE 385.1 362.1 1,070.1 1,032.5 Gross profit margin slightly below last year: Positive margin…
  11. THIRD QUARTER RESULTS 2014 – Stork – slide 11
    Q3 2014 BALANCE SHEET Millions Q3 2014 Q3 2013 FY 2013 COMMENTS Q3 NET FIXED ASSETS 711 722 712 NOWC reduced to 89m, a YoY decrease of 13m Debtors and WIP 298 315 253 NOWC as % of revenue down to 5.8% (Q3 2013: 6.8%): Stocks 25 25…
  12. THIRD QUARTER RESULTS 2014 – Stork – slide 12
    Q3 2014 CASH FLOW Millions Q3 YTD COMMENTS Q3 Q3 2014 Q3 2013 YTD 2014 YTD 2013 Cash flow from operations in Q3 of 15.1m Q3 2013: (25.1): Driven by lower non-recurring items and EBITDA 23.3 20.1 58.1 47.5 improved working capital…
  13. THIRD QUARTER RESULTS 2014 – Stork – slide 13
    Q3 2014 FINANCE STRUCTURE AND LIQUIDITY Millions NET DEBT SPECIFICATION LIQUIDITY Q3 2014 Q3 2013 Q3 2014 Q3 2013 High Yield Bond 272.5 272.5 Revolving Credit Facility (RCF) 110.0 110.0 Amortised fees (13.1) (16.0) RCF drawn…
  14. THIRD QUARTER RESULTS 2014 – Stork – slide 14
    AGENDA Q3 2014 HIGHLIGHTS - Key Financials FINANCIAL RESULTS SUMMARY PAGE 15 Q3 2014 RESULTS 11 NOVEMBER 2014
  15. THIRD QUARTER RESULTS 2014 – Stork – slide 15
    Q3 2014 SUMMARY Healthy order book 1,276m (Q3 2013 1,098m). Organic revenue growth of 5.6% with solid performance in Industrial Services. Performance of Power Services is stabilised and improving. EBITDA in Q3 of 23.3m and 58.1m…
  16. THIRD QUARTER RESULTS 2014 – Stork – slide 16
    Q&A PAGE 17 Q3 2014 RESULTS 11 NOVEMBER 2014

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