GDF SUEZ IN ASIA, AFRICA & MIDDLE EAST January 7, 2015
Shanghai, China Tarfaya, Morocco Introduction Grard Mestrallet, Chairman and Chief Executive Officer January 7, 2015 GDF SUEZ in Asia, Africa & Middle East
Fast growing markets at the heart of Group strategy Leverage on strong positions in IPP Be the benchmark Develop our presence around energy player the gas value chain in fast growing markets Globalize energy services leadership…
Asia, Africa and Middle East driving growth in primary energy demand Primary-energy demand Share of global primary-energy in 2035(1) growth from 2012 to 2035 Europe United States China 1,700 4,145 Japan Other Non-OECD Asia Africa…
Building on historical presence to develop new opportunities Japan Taiwan Vietnam China Qatar Kuwait Egypt Philippines Oman UAE Singapore Mongolia Mozambique Myanmar South Africa Kenya Ghana Tanzania Morocco India Thailand Laos…
Strong positions to build upon 5.8bn 3,900 34.6 GW(1) 3.9 GW(1) revenues in 2013 employees of installed capacity under construction 6.3bn 30 countries 30% of Group total 52% of Group total capital employed % OF TOTAL GROUP 7%…
Future growth fueled by numerous recent developments Power Gas & LNG Services Preferred bidder for CHP IPP FID Cameron LNG Prequalified for Tavan Tolgoi IPP export project Uch II gas plant MoU for renewable projects Lahmeyer…
Strong societal engagement in the region with GDF SUEZ Rassembleurs dEnergies Investment split by geography(1) India: Simpa Networks Solar Home System, rent-to-own, selling solar as a service to Indian poor rural households with…
Group CAPEX program designed to seize growth opportunities CAPEX program over 2014-2016 yearly average: Maintenance Growth Energy Europe & CAPEX 2.5bn + CAPEX 4.5bn Infrastructures in Europe 30% Middle 13.5bn East during…
Glow, Thailand Ras Laffan, Qatar Power Willem Van Twembeke, CEO Energy International Pierre Guiollot, CFO Energy International Jan Flachet, CEO & President GDF SUEZ Energy Asia-Pacific Lucas Hautvast, CEO & President, GDF SUEZ…
Continued growth based on good track record and long-term relationships Installed capacity evolution(1) Success drivers (MW gross) 50 000 PPAs (costs inflation adjusted) 40 000 CAGR = 7.6% Partnerships Limited downstream sales 30…
Robust business model, predominantly long-term contracted capacity backed by long-term PPAs Typical business model Capacity largely for long-term contracts long-term contracted (15-40 years) at 31 December 2014 Estimates GOVERNMENT…
Long-term contracts offer earnings security and regional experience drives additional value creation High quality earnings GDF SUEZ equity return structure Attractive returns with security of earnings through long-term contracts PWPA…
Constant drive to enhance value through diverse range of options * Includes Al Kamil, Barka 3, Sohar, Sohar 2 Greenfield Acquisitions Asset IPO developments and extensions disposals IPP model India Oman Glow market cap c. 3.5bn…
Asia Longstanding presence in region with high energy demand Gross installed capacity MONGOLIA Operational asset by country at 31 December 2014 Under construction Estimates PAKISTAN Multiple plants and technologies INDIA 0.3…
Strategy and key success factors for Asia GDF SUEZ vision driven by strong market fundamentals Increase capacity and presence through both greenfields and acquisitions, utilising a diversified fuel mix and partnering with local and…
Case study Gheco One Thailand fuel diversification Glow Coal Fired IPP GHECO One Thailand Supercritical Pulverized Coal-fired Power Plant Commercial operation on 26 July 2012 Project enhances Thailands fuel diversification from…
Case study Paiton 3 The largest generating unit in Indonesia Paiton extension 3 Java island, Indonesia First Super Critical Unit on the grid 30-year PPA with PLN (until 2042) Majority shareholder in Operator Company Largest unit on…
Multiple growth opportunities in Asia Snapshot of current development projects INDONESIA (MW gross) Accelerated Electricity Development Program 4 000 A Second 10,000 MW Government Accelerated Electricity Development Program launched,…
Africa, Middle East Significant portfolio and growth opportunities Gross installed capacity MOROCCO KUWAIT by country at 31 December 2014 BAHRAIN Estimates QATAR BAHRAIN 3.1 SAUDI UAE MOROCCO 0.3 ARABIA OMAN UAE 8.8 OMAN 3.7 25.2…
Strategy and key success factors for Africa and Middle East GDF SUEZ vision driven by strong market fundamentals Remain a strategic partner for the GCC and continue to compete for further growth Build upon our strongholds in Africa and…
Tihama A successful project offering additional value Tihama Power generation Company Saudi Arabia Gas-fired cogeneration plants located at Saudi Aramcos gas and oil refineries on four different sites Backed by 20-year Energy…
Tarfaya The largest wind farm in Africa Tarfaya Energy Company (TAREC) 131 turbines in total with a projected load factor of 45% Largest wind farm in Africa, representing 15% of Moroccos wind energy target Backed by a 20-year Power…
Growth opportunities in Africa and Middle East Snapshot of current development projects AFRICA (MW gross) Wind opportunities in Morocco & Egypt 3 000 under development Diverse opportunities in South Africa 2 500 currently being…
New opportunities in fast growing areas Gross capacity at 31 December 2014 Estimates Well-positioned to grow Opportunity Installed Under Under landscape but not at any cost construction development to 2020* Africa c.12 GW under…
Shanghai, China Gaselys LNG tanker, Shanghai Gas Value Chain Jean-Marie Dauger, CEO Global Gas & GNL Jean-Claude Depail, CEO Infrastructures Didier Holleaux, CEO GDF SUEZ EPI Philip Olivier, CEO GDF SUEZ LNG Martin Jahan de…
Meet countries needs for gas supplies and gas infrastructures through partnerships LNG VALUE CHAIN ACTIVITY Regasification Downstream MARKET E&P Liquefaction Supply & sales Shipping Transportation Distribution STATUS Storage…
Leveraging on our know-how to develop in new areas Existing assets, projects and selective ambitions Flexible LNG sourcing from Cameron LNG (USA) LNG Sales in Asia and Middle East MENA: E&P, LNG, terminalling, pipelines India: LNG,…
Accelerating development in Africa, Asia and Middle East Japan partnership NYK Japan LNG Japan LNG and Mitsubishi for sales E&P CIC 30% Touat gas field sales to Chubu bunkering LNG business to Tohoku Infrastructures of EPI EPCC…
E&P E&P contribution to the Group development in Asia, Africa and Middle East E&P to support Group growth in fast growing markets Particularly in LNG, infrastructures and gas fired generation Strong expertise on mature production…
E&P Jangkrik project (Indonesia), to contribute to growing Asian LNG needs Project description License entry: 2008 Duration: 30 years Area: 795 km Bontang ENI 55%, GDF SUEZ EPI 45% Production Sharing Contract with Indonesian…
INFRAS European leader in gas infrastructure: the ambition to expand in fast growing markets Strong positions Competitive edge Expertise in engineering, operations & maintenance Transmission: N1 in Europe Strong experience in large…
INFRAS Current business opportunities in Asia, Africa and Middle East A full range of offers BOO/BOOT contracts Management and Minority stake O&M contracts Technical in projects 2015 / 2016 Training assistance 1st contract…
INFRAS Kakinada LNG floating terminal in India Project description First LNG terminal on the East coast of India Project developed in partnership with Shell (26%) and APGDC, a 50/50 JV between GAIL and AP state (48%) Location…
LNG Fast development of LNG sales to Asia, Africa and Middle East LNG strategy Our competitive advantages +4% growth in demand mainly in Asia(1) Flexible LNG supply & fleet Increase external sales Projects to access flexible LNG,…
LNG Growing and increasing visibility in a challenging context Growth in supply and external sales with flexible LNG sales: own LNG backed by MT/LT sales opportunities 2015/2016 85% already committed 20 Breakdown of sales 100%…
LNG Cameron LNG project in the US Project description 12 mtpa liquefaction capacity, gas supplied from HH GDF SUEZ 4 mtpa tolling contract JV with Sempra Energy, Mitsubishi and Mitsui for development, building and financing…
Conclusion Our E&P activity enables to enter new markets Monetizing our strong expertise in mature areas Switching progressively our gravity center from European strongholds to Asia Optimizing the portfolio value through asset…
Burj Khalifa, Dubai Tangier, Morocco Energy Services Jrme Tolot, CEO Energy Services Yannick Bigaud, CFO Energy Services January 7, 2015 GDF SUEZ in Asia, Africa & Middle East
Key figures (2014 estimates) 100,000 1,300 employees locations 90 200 public-private district heating partnerships & cooling schemes 700,000 500,000m ENGINEERING light points of data centers INDUSTRIAL INSTALLATION/ under…
GDF SUEZ Energy Services One of the 5 Business Lines of GDF SUEZ ENERGY SERVICES ENERGY GLOBAL INTERNATIONAL ENERGY EUROPE GAS & GNL INFRASTRUCTURES 15.5bn 100,000 employees FRANCE BENELUX FRANCE SYSTEMS, ENGINEERING…
GDF SUEZ Energy Services A leader in key markets for energy transition BUILDINGS AND INDUSTRY CITIES Offer the optimal energy performance tailored Develop sustainable urban networks to the specific needs of every client Provide…
An increasing demand for energy services AFRICA MIDDLE EAST ASIA / OCEANIA GDP GDP (bn) and CAGR (2014-2025) 53,000bn 7,800bn 4,300bn 30,000bn 4,700bn +4.6% 2,700bn +4.3% +5.4% 2014 2025 2014 2025 2014 2025 Cities…
Presence in Asia, Africa & Middle East GDF SUEZ Energy Services Revenues by countries Activities outside Europe Africa < 10m 10m 100m 12% other areas 33% Qatar Total 2013 French Polynesia 1.4bn* SG Asia Middle East…
Already highly diverse activities on each area AFRICA MIDDLE EAST ASIA / OCEANIA Top 3 countries (32% sales) Top 3 countries (76% sales) Top 3 countries (77% sales) 1. Morocco 1. Qatar 1. New Caledonia 2. Runion 2. UAE 2. French…
References (1/2) Owners engineer for the largest hydropower plant of Africa (GERDP) Tractebel Engineering is leader of the JV for an owners engineer contract for the construction of the 6,000 MW Grand Ethiopian Renaissance Dam…
References (2/2) Facility Management for Renault Tanger factory in Morocco 5-year FM contract awarded to Cofely Maroc in 2011 Activities: maintenance & exploitation of industrial cooling, HVAC and elec systems, fire protection, CCTV,…
The Lahmeyer acquisition, a strong international boost for engineering activities Lahmeyer International, a specialized engineering consultancy company in Energy & Water projects in Asia, Middle East and Africa Same core business and…
Several acquisitions and office openings completed Total CAPEX 200m New office opened recently China Acquisition of Gient in 2012 Qatar Business: Services Acquisition of 24.5% Cooperation Agreement of Manna in 2014 with Beijing…
Strategic directions by area Accelerate partnerships with our European clients to accompany them in their development across these regions (ex. Sanofi / Cofely partnership across 9 countries) South-East Asia: become a leader in energy…
An ambitious 2020 development program Priority countries in the region Sales 2013* 2020 m Asia 170 400/600 Oceania 540 660 Middle East OUR AMBITION 65 100/200 At least double our turnover outside Europe by 2020 Become a…
GDF SUEZ ambitions in China Jean-Marc Guyot, CEO GDF SUEZ China January 7, 2015 GDF SUEZ in Asia, Africa & Middle East
Ambitions and objectives To be a visible energy player in the worlds largest gas market (400bcm in 2020) To play a major role in: The gas chain The energy efficiency based on a very long experience and references around the world…
Currently undeveloped activities in China E&P off/on shore Shale Gas Coal Bed Methane Conventional Operatorship: no local capabilities to manage local stakeholders; high investment; regulatory uncertainty; technical difficulties…
Development strategy: a mix of businesses 1/2 Small scale LNG Become a major player in the short term on the small scale LNG market by taking a participation in a leading company & invest in individual projects Gas chain 1st step:…
Development strategy: a mix of businesses 2/2 Engineering Support in-house project development and implementation in China and abroad Support group sourcing for projects worldwide (EPC, large equipments) Deliver pure engineering…
Ongoing projects 1/2 Several important cooperation agreements have been signed with large SOEs on the gas chain business Cooperation scope: natural gas, energy efficiency & electricity chain mainly covering LNG, gas to power…
Ongoing projects 2/2 Development of a partnership with a major actor in Distributed Energy Projects in Sichuan Province partnership with 6 projects in pipeline Development of a first CHP project: JV creation: 49% GDF SUEZ Foreseen…
Appendix
Energy market context Economic deceleration (target of 7.4% in 2014 from 7.7% in 2013), but energy demand still growing PRCs final energy demand is projected to increase at an annual rate of 2.3% through 2035 (APEC outlook)…
Glow, Thailand Sohar II, Oman Conclusion Isabelle Kocher, Deputy CEO and Chief Operating Officer January 7, 2015 GDF SUEZ in Asia, Africa & Middle East
Significant drivers for demand growth Demographic Electricity Generation (Total population, million) (TWh) 60 500 South Africa 50 400 Morocco 40 300 Saudi Arabia 30 200 UAE 20 Qatar 10 100 0 0 2001 2004 2007 2010 2013 2018…
Controlled development to seize growth opportunities Be the benchmark Potential energy player Long lasting in fast growing for growth opportunities markets successful presence Groups skills Be leader in the energy Means to…
A multi-stage & rigorous investment decision process Screening of organic and M&A projects 85 projects reviewed in 2014 APPROVAL PROCESS at Group commitment committee level China Energy Services 6% 8% BOARD Infrastructures 8%…
Strict investment criteria to ensure selectiveness A comprehensive assessment framework for our pipeline of prospects VALUE CREATION & STRATEGIC FIT & RISK PROFILE Profitability Integration & fit with Group strategy Market risk…
Dedicated organization to oversee major projects REPORTING STRUCTURE 2 MISSIONS created in 2013 Coordination & development Supervision & control COO of resources and methods of major projects Developing dedicated HR Governance:…
Flexible financing options to fit risk & reward profile A DUAL-ROUTE APPROACH A POWERFUL TRIPTYCH FOR PROJECTS FINANCING Corporate Project Large and diversified financing financing pool of banks (25) Strong appetite from a large…
Diversity of options for creating value OPTIONS FOR CREATING VALUE Greenfield Farm downs / IPOs Acquisitions Extensions developments sell downs SYNERGIES Global approach Between Developing versus local activities new…
Strong growth ambitions in Asia, Africa & Middle East Key component of GDF SUEZ equity story Addressed in a controlled, prudent way Leveraging on the Groups historical successful development and skills Increasing earnings prospects…
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