IR Presentation SAMSUNG ENGINEERING 2 0 1 5
1 Introduction CONTENTS 2 Business Update 3 Appendix
Introduction Business Portfolio Hydrocarbon Refinery Gas Petrochemical Upstream CDU/VDU HDS Aromatics Alkylation Heavy Oil Upgrading Gas Processing Liquefaction LNG Terminal Reforming Ethylene EO/EG Polymers Polysilicon PDH Fertilizers Coal Gasification Fine Chemicals GOSP Pipeline Offshore Non Hydrocarbon Power Industrial Facility Water Treatment CCPP Coal-fired Oil-fired IGCC Co-gen IT Industrial Manufacturing Bio-pharmaceutical Metallurgy Desalination Water Reuse Ultrapure Water Solid Water Air Pollution Prevention Water & Wastewater Treatment 3/14
Business Results (\ billion) New Order Sales Operating Profit 6,288 6,377 9,806 8,912 162 63% 66% 71% 60% 37% 34% 29% 40% (\ billion) 1,028 Hydrocarbon Non Hydrocarbon 4/14
Business Outlook (\ billion) New Order Sales 6,377 7,000 8,912 8,000 66% 60% 60% 65% 34% 40% 40% 35% Hydrocarbon 15(E) 15(E) Non Hydrocarbon 5/14
Order Backlog Breakdown Year Awarded Major Ongoing Projects Before 3% 2010 4% Yr. Awarded 2011 Category Project Award ($ million) Completion Gas Shaybah PKG #1, #2 1,335 15. 06 Power Shaybah PKG #3 554 15. 06 Upstream Shaybah PKG #4 1,066 15. 06 Upstream Banyu Urip (GOSP) 355 15. 01 2014 31% 2011 7% Petrochemical UGCC PKG #B(GSP, PE/PP) 752 15. 07 Upstream Iraq West Qurna Ph.2 (GOSP) 1,359 15. 09 Power Balkash Thermal Power Plant 1,275 20. 03 Upstream Senoro Gas 233 15. 04 2012 Petrochemical Bolivia YPFB Ammonia and Urea 844 17.08 \12.8 trillion Refinery UAE Carbon Black & Delayed Coker 2,477 16. 01 Power Yanbu Power Plant Phase 3 1,506 16. 12 Gas Iraq Badra CPF Phase 2 879 16. 01 Petrochemical Azerbaijan Ammonia & Urea 645 16. 06 2013 17% 2012 38% 2013 Refinery Riyadh Clean Transportation Fuel 218 16. 05 Power Cogen IPP 359 16. 07 Gas Malaysia TGAST 644 16. 09 Power Chile Kelar BHP 442 '16. 10 2014 2014 Upstream Algeria Timimoun 802 '17. 04 Upstream Iraq Eni Zubair Oil Field 840 '16. 10 Refinery KNPC Clean Fuel 1,634 '18. 04 6/14
Order Backlog Breakdown Product Refinery 19% Upstream 6% Power 28% Upstream 15% Power 25% \15.6 trillion Refinery 25% \12.8 trillion Petrochemical 17% Non Hydrocarbon 19% Non Hydrocarbon 16% Gas 11% Petrochemical 10% Gas 9% Region Domestic 15% CIS 22% America 5% CIS 15% Domestic 11% America 7% \15.6 trillion Asia 10% \12.8 trillion Asia 7% GCC 41% MENA 7% GCC 30% MENA 30% (MENA : Iraq + Africa) 7/14
Debt & Credit Line (\ billion) Debt Net Debt (\ billion) (\ billion) Credit Line 2,600 1,500 1,100 2,500 1,400 950 44% 41% 56% 59% Available In Use 8/14
Manpower Update Manpower Trend 8,414 8,255 7,550 Manpower Breakdown Non Hydrocarbon 27% Admin 10% Product 8,255 Support 10% Procurement 7% Division RM 2% 8,255 Marketing 2% PM 16% Quality/Safe 4% SECL Subsidiary Hydrocarbon 63% Engineering 35% Construction 24% 15(E) Foreigner Ratio & Per Capita Sales Global Operation 2014 17.4% 18.8% 16.4% SEI(India) SESA(Saudi) SET(Thai) 720 634 661 SEA(USA) 1.17 1.08 1.06 267 302 Foreigner Ratio Per Capita Sales 126 122 146 126 104 92 87 (\ billion) 15(E) 15(E) 15(E) 15(E) 15(E) 9/14
Statement of Profit or Loss (\ billion) 2012 2013 2014 Revenue 11,440 9,806 8,912 Gross Profit 1,291 547 546 Operating Profit 737 1,028 162 Pre-tax Profit 705 917 61 Net Income 525 709 56 Gross Profit(%) 11.3 % 5.6 % 6.1 % Operating Profit(%) 6.4 % 10.5 % 1.8 % Pre-tax Profit(%) 6.2 % 9.4 % 0.7 % Net Income(%) 4.6 % 7.2 % 0.6 % 10/14
Statement of Financial Position 2012 2013 2014 Total Assets 5,674 5,929 6,152 Current Assets 4,188 4,266 4,557 Non-current Assets 1,486 1,663 1,595 Total Liabilities 3,985 5,023 5,199 Current Liabilities 3,554 4,277 4,722 Long-term Liabilities 431 746 477 Total Equities 1,689 906 953 Capital Stock 200 200 200 Capital Surplus 57 57 57 Retained Earnings 1,776 958 1,013 Capital Adjustment 344 309 317 11/14 (\ billion)
Financial Index & Capex Financial Index Capex (\) (\ billion) 12 13 15(E) Gross Profit Margin 11.3% 5.6% 6.1% Facilities 70 77 76 Pre-tax Profit Margin 6.2% 9.4% 0.7% Capital Expenditure 10 4 1 ROE 31% 78% 6% EPS 14,264 19,128 1,487 R&D 6 5 5 DPS 3,000 - - Total 86 86 82 DPS from separated financial statement 12/14
Appendix Major Ongoing Projects Yr. Awarded Category Project Region Client Award ($ million) Completion Gas Shaybah PKG #1, #2 Saudi Arabia Saudi Aramco 1,335 15. 06 Power Shaybah PKG #3 Saudi Arabia Saudi Aramco 554 15. 06 2011 Upstream Shaybah PKG #4 Saudi Arabia Saudi Aramco 1,066 15. 06 Upstream Banyu Urip (GOSP) Indonesia MCL(Exxon Mobil) 355 15. 01 Petrochemical UGCC PKG #B(GSP, PE/PP) Uzbekistan UZ-Kor Gas Chemicals LLC 752 15. 07 Upstream Iraq West Qurna Ph.2 (GOSP) Iraq Lukoil(Russia) 1,359 15. 09 Power Balkash Thermal Power Plant Kazahstan Samruk-Energy 1,275 20. 03 Upstream Senoro Gas Indonesia Pertamina 233 15. 04 2012 Petrochemical Bolivia YPFB Ammonia and Urea Bolivia YPFB 844 17.08 Refinery UAE Carbon Black & Delayed Coker UAE Takreer 2,477 16. 01 Power Yanbu Power Plant Phase 3 Saudi Arabia SWCC 1,506 16. 12 Gas Iraq Badra CPF Phase 2 Iraq Gazprom 879 16. 01 Petrochemical Azerbaijan Ammonia & Urea Azerbaijan SOCAR 645 16. 06 2013 Refinery Riyadh Clean Transportation Fuel Saudi Arabia Saudi Aramco 218 16. 05 Power Cogen IPP Saudi Arabia Saudi Aramco 359 16. 07 Gas Malaysia TGAST Malaysia Petronas 644 16. 09 Power Chile Kelar BHP Chile Kelar 442 '16. 10 2014 Upstream Algeria Timimoun Algeria Groupement Timimoun 802 '17. 04 Upstream Iraq Eni Zubair Oil Field Iraq Eni 840 '16. 10 Refinery KNPC Clean Fuel Kuwait KNPC 1,634 '18. 04 13/14
Appendix Global Operations Italy Russia Head Office United States Mexico Europe CIS Asia North America Middle East & Africa Saudi Arabia UAE Kuwait Iraq Algeria India Vietnam Indonesia Thailand Malaysia China Japan Venezuela Latin America Brazil Subsidiary & Branch Office (18) Global Engineering Center(4) 14/14