HYUNDAI ENGINEERING CO., LTD.

Transcription

1 2018 African Development Bank Group Annual Meetings HYUNDAI ENGINEERING CO., LTD. May 23, 2018

2 Table of Contents 1. HYUNDAI MOTOR GROUP 2. HYUNDAI ENGINEERING CO., LTD 3. HEC S DIVISIONS 4. FINANCING ARRANGEMENT CASE 2

3 1. Hyundai motor group

4 51 Affiliates Total Assets USD 208 billion USD 208 Billion USD Billion billion 8% 4% 22% 52% 7% 7% 277, 558 7% 3% 19% 61% 5% 5% As of

5 2. Hyundai engineering co., ltd. 2.1 Company history 2.2 company organization 2.3 man power 2.4 financial highlights 2.5 global network

6 Company History Merges with Hyundai AMCO Our Story Continues Joins Hyundai Motor Group Towards Globalization Engaged Mostly in Overseas Projects (about 85%) Extends the Range of Services Accomplished Mega Petrochemical Complex Great Steps Forward First Korean Company to Accomplish an International Refinery Project (1985) Establishment of Hyundai Engineering As a Member of Hyundai Group

7 Process Plant Division Building Works Division Engineering Center Power & Energy Plant Division Infrastructure & Environmental PJT Management Office Finance & Accounting Division Asset Management Group Procurement Execution Group Planning Group General Administration & Management Division Project Risk Management Office HSE Innovation Office Auditing Office

8 Total 5,707 As of , % 6% 47% 76 1, Staff Location 24% Headquarter 2,681 Overseas Site/Office 1,370 Domestic Site/Office 1,313 TFT

9 Financial highlight 2.4 New order ( ) (US$ mil) 11,335 10,016 7,767 7,361 4,926 5,514 Revenue ( ) (US$ mil) 5,175 6,270 5,923 5,348 2,121 2,486 Korea s top credit rating agency : Korea Investor Service (affiliate of Moody s) have rated HEC s Corporate bond as AA- (Stable) HEC has been maintaining the Highest Level of Financial Soundness among Korean EPC Contractors As of 2017.

10 Global network As of

11 In the MEDIA Ranked 26th International Design Firm Worldwide in 2015 Ranked 24 th International Design Firms Worldwide WSP Global Inc., Montreal, Quebec, Canada E 2 3 AECOM, Los Angeles, California, U.S.A. E 3 2 ARCADIS NV, Amsterdam, The Netherlands E AMEC Foster Wheeler, London, U.K. EC Petrofac Ltd., London, U.K. EC Hyundai Engineering Co.,Ltd. Seoul, S. Korea EC GHD, Adelaide, Australia EC Maire Tecnimont Group, Milan, Italy EC Tractebel Engineering S.A., Brussels, Belgium EC Among Asian companies, HEC is ranked 1 st

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13 3. HEC S divisions

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15 -15-

16 -16-

17 -17-

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19 Financial Highlights HEC Financial Index Korea s top credit rating agency: Korea Investor Service (affiliate of Moody s) has rated HEC s corporate bond as AA- (Stable) and HEC is maintaining the rating since (TOP among Korean EPC contractors.) HEC has been maintaining the Highest Level of Financial Soundness among Korean EPC Contractors.

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21 Monitoring & Warning

22 4. FINANCING Arrangement CASE 4.1. Olkaria geothermal power plant 4.2. ondo 550mw scpp

23 4.1. Olkaria Geothermal Power Plant Project Brief Summary Olkaria I Unit 4 & 5 Olkaria IV Unit 1 & 2 Contract Amount : about 200mil USD Contract Amount : about 200 mil USD Financing : JICA Financing : AFD and EIB Project Capacity : 2 x 70 MW Steam Turbine Generator Project Capacity : 2 x 70 MW Steam Turbine Generator Construction Completion Date - NTP : 06 March, Unit 4 TOC : 30 October, Unit 5 TOC : 01 January, Project TOC : 11 January, 2015 Construction Completion Date - NTP : 05 December, Unit 1 TOC : 02 September, Unit 2 TOC : 02 September, Project TOC : 12 September,

24 4.1. Olkaria Geothermal Power Plant Site Location 24

25 4.1. Olkaria Geothermal Power Plant Project Structure KENGEN (Kenya Electricity Generation Company Limited) Financing Olkaria I Unit 4 & 5 JICA (Japan International Cooperation Agency) Agency) Financing Agreement EPC Contract Consultant Contract Consultant SKM (Sinclair Knight Mert Ltd. in Australia) Australia) Olkaria IV Unit 1 & 2 AFD (Agence France de Development) EPC Contractor EIB (European Investment Bank) HEC and TTC Consortium Engineering Procurement Construction HEC STG : Toshiba BOP Local Subcontractor Abbreviation TTC : Toyota Tsusho Corporation 25

26 4.2. ondo 550mw scpp Project Brief Summary Contract Amount : 330 mil USD Financing : Project Financing Project Capacity : 550MW Simple Cycle Power Plant (GTG 2 units) Construction Completion Date - NTP : 4Q, Project TOC : 24 months from NTP 26

27 4.2. ondo 550mw scpp Site Location Project Site 36 Gas line 330kv T/L line ONDO PROJECT SITE 27

28 4.2. ondo 550mw scpp Project Structure Project Company Kingline Development Nigeria (Nigeria) Debt Loan Financing Lead Arranger O&M Contract EPC Contract LTSA Contract O&M Contractor EPC Contractor LTSA Supplier 28