IR Presentation SAMSUNG ENGINEERING 2 0 1 4
1 Introduction CONTENTS 2 Business Update 3 Appendix
Introduction Business Portfolio Hydrocarbon Refinery Gas Petrochemical Upstream CDU/VDU Heavy Oil Upgrading Aromatics, HDS Gas Processing GTL(Gas To Liquid) Air Separation Unit Coal Gasification LNG(Liquefaction, Terminal) Ethylene EO/EG Fine Chemicals PDH Polymers Fertilizers GOSP Offshore Platforms FPSO(FLNG) Pipeline Non Hydrocarbon Power Industrial Facility Water Treatment Thermal (Coal/ Oil/ Gas Fired) IT Facilities Industrial Manufacturing Facilities BT Facilities Steel Mills Non-Ferrous Plants (Aluminum 外 ) Sewage Treatment Wastewater Treatment Desalination O&M Ultra-Pure/Reuse 3/13
Business Results & Outlook New Order Sales Operating Profit 9,000 9,806 250 6,288 8,500 63% 74% 71% 67% 37% 26% 29% 33% 1,028 14(E) 14(E) Hydrocarbon Non Hydrocarbon 14(E) 4/13
Order Backlog Breakdown Year Awarded Major Ongoing Projects Before 2010 4% 2010 5% Yr. Awarded 2010 Category Project Award ($ million) Completion Petrochemical Borouge 3 (LDPE) 170 14. 08 Petrochemical Borouge 3 (Polyolefins) 552 14. 09 Gas Shah Gas Development 1,496 14. 09 Water Muharraq STP (EPC+O&M) 555 14. 04(EPC) 2013 25% Power Shaybah NGL #3 534 14. 03 Upstream Shaybah NGL #4 922 14. 07 2011 16% 2011 Gas Shaybah NGL #1, #2 1,302 14. 07 Upstream West Qurna Ph.2 (GOSP) 998 14. 05 \15.6 trillion Upstream Banyu Urip (GOSP) 336 15. 01 Petrochemical UGCC PKG #B (GSP, PE/PP) 817 15. 07 Upstream Senoro Gas 233 14. 12 Refinery Yanbu Refinery Expansion 871 15. 07 2012 Petrochemical Carrasco Ammonia and Urea 811 15.10 Refinery Carbon Black & Delayed Coker 2,477 16. 01 2012 50% Power Balkash Thermal Power Plant 2,078 - Power Yanbu Power Plant Phase 3 1,506 17. 08 2013 2013 Gas Badra CPF Phase 2 879 16. 01 Petrochemical Ammonia & Urea 648 16. 06 Refinery Riyadh Clean Transportation Fuel 211 16. 09 Power Cogen IPP 483 16. 07 Gas TGAST 778 16. 09 5/13
Order Backlog Breakdown Product Upstream 4% Upstream 6% Refinery 29% Power 23% Refinery 19% Power 28% \19.4 trillion \15.6 trillion Non Hydrocarbon 18% Petrochemical 17% Non Hydrocarbon 19% Petrochemical 19% Gas 7% Gas 11% 12 Region CIS 15% Domestic 18% CIS 22% Domestic 15% (MENA : Iraq + Africa) America 5% \19.4 trillion America 8% Asia 6% \15.6 trillion Asia 10% GCC 46% MENA 7% GCC 41% MENA 7% 12 6/13
Debt & Credit Line Debt Net Debt Credit Line 1,400 2,500 2,500 1,100 1,300 1,000 44% 48% 56% 52% Available 14(E) 14(E) 14(E) In Use 7/13
Manpower Update Manpower Trend 8,811 8,517 8,500 Non Hydrocarbon 30% Manpower Breakdown Admin 14% Product 8,517 Hydrocarbon 56% Support 10% Procurement 7% Engineering 33% Division 8,517 Marketing 3% Project Management 19% Quality/Safe 4% Construction 24% 12 14(E) Foreigner Ratio & Per Capita Sales Global Operation 2013 18.2% 1.30 17.2% 1.15 17.8% 1.00 SEI(India) SEA(USA) SSA(Saudi) 672 634 635 STEC(Thai) Foreigner Ratio Per Capita Sales 115 104 114 321 267 281 122 122 125 12 14(E) 12 14(E) 12 14(E) 12 14(E) 12 14(E) 8/13
Income Statement 2011 2012 2013 Revenue 9,298 11,440 9,806 Gross Profit 1,079 1,291 547 Operating Profit 626 737 1,028 Pre-tax Profit 687 705 917 Net Income 515 525 709 Gross Profit(%) 11.6 % 11.3 % 5.6 % Operating Profit(%) 6.7 % 6.4 % 10.5 % Pre-tax Profit(%) 7.4 % 6.2 % 9.4 % Net Income(%) 5.5 % 4.6 % 7.2 % 9/13
Statement of Financial Position 2011 2012 2013 Total Assets 5,189 5,674 5,929 Current Assets 4,157 4,188 4,266 Non-current Assets 1,032 1,486 1,663 Total Liabilities 3,875 3,985 5,023 Current Liabilities 3,645 3,554 4,277 Long-term Liabilities 230 431 746 Total Equities 1,314 1,689 906 Capital Stock 200 200 200 Capital Surplus 57 57 57 Retained Earnings 1,358 1,776 958 Capital Adjustment 301 344 309 10/13
Financial Index & Capex Financial Index Capex 11 12 12 13 14(E) Gross Profit Margin 11.6% 11.3% 5.6% Facilities 220 70 70 Pre-tax Profit Margin 7.4% 6.2% 9.4% Capital Expenditure 68 10 10 ROE 39% 31% 78% EPS 12,875 13,125 17,725 R&D 9 6 7 DPS 3,000 3,000 - Total 297 86 87 11/13
Appendix Major Ongoing Projects Yr. Awarded Category Project Region Client Award ($ million) Completion Petrochemical Borouge 3 (LDPE) UAE Borouge 170 14. 08 2010 Petrochemical Borouge 3 (Polyolefins) UAE Borouge 552 14. 09 Gas Shah Gas Development UAE ADNOC 1,496 14. 09 Water Muharraq STP (EPC+O&M) Bahrain MOW 555 14. 04(EPC) Power Shaybah NGL #3 Saudi Arabia Saudi Aramco 534 14. 03 Upstream Shaybah NGL #4 Saudi Arabia Saudi Aramco 922 14. 07 2011 Gas Shaybah NGL #1, #2 Saudi Arabia Saudi Aramco 1,302 14. 07 Upstream West Qurna Ph.2 (GOSP) Iraq Lukoil (Russia) 998 14. 05 Upstream Banyu Urip (GOSP) Indonesia MCL(Exxon Mobil) 336 15. 01 Petrochemical UGCC PKG #B (GSP, PE/PP) Uzbekistan UZ-Kor Gas Chemicals LLC 817 15. 07 Upstream Senoro Gas Indonesia Pertamina 233 14. 12 Refinery Yanbu Refinery Expansion Saudi Arabia Luberef 871 15. 07 2012 Petrochemical Carrasco Ammonia and Urea Bolivia YPFB 811 15.10 Refinery Carbon Black & Delayed Coker UAE Takreer 2,477 16. 01 Power Balkhash Thermal Power Plant Kazahstan Samruk-Energy 2,078 - Power Yanbu Power Plant Phase 3 Saudi Arabia SWCC 1,506 17. 08 Gas Badra CPF Phase 2 Iraq Gazprom 879 16. 01 2013 Petrochemical Ammonia & Urea Azerbaijan SOCAR 648 16. 06 Refinery Riyadh Clean Transportation Fuel Saudi Arabia Aramco 211 16. 09 Power Cogen IPP Saudi Arabia Aramco 483 16. 07 Gas TGAST Malaysia Petronas 778 16. 09 12/13
Appendix Global Operations Hungary Italy Russia Uzbekistan Kazakhstan Head Office United States Mexico Europe CIS Asia North America Middle East & Africa Saudi Arabia UAE Kuwait Iraq Algeria Egypt India Vietnam Indonesia Thailand Malaysia China Japan Trinidad & Tobago Venezuela Latin America Brazil Subsidiary & Branch Office (23) Global Engineering Center(4) 13/13