SUEZ Energy International. Dirk Beeuwsaert Executive Vice President of SUEZ, CEO of SUEZ Energy International

Transcription

1 SUEZ Energy International Dirk Beeuwsaert Executive Vice President of SUEZ, CEO of SUEZ Energy International February 6, 2007

2 Information Meeting February 5-8, Disclaimer This communication does not constitute an offer to purchase or exchange or the solicitation of an offer to sell or exchange any securities of Suez or an offer to sell or exchange or the solicitation of an offer to buy or exchange any securities of Gaz de France, nor shall there be any sale or exchange of securities in any jurisdiction (including the United States, Germany, Italy and Japan) in which such offer, solicitation or sale or exchange would be unlawful prior to the registration or qualification under the laws of such jurisdiction. The distribution of this communication may, in some countries, be restricted by law or regulation. Accordingly, persons who come into possession of this document should inform themselves of and observe these restrictions. To the fullest extent permitted by applicable law, Gaz de France and Suez disclaim any responsibility or liability for the violation of such restrictions by any person. The Gaz de France ordinary shares to be issued in connection with the proposed business combination to holders of Suez ordinary shares (including Suez ordinary shares represented by Suez American Depositary Shares) may not be offered or sold in the United States except pursuant to an effective registration statement under the United States Securities Act of 1933, as amended, or pursuant to a valid exemption from registration. In connection with the proposed business combination, the required information document will be filed with the Autorité des marchés financiers ( AMF ) and, to the extent Gaz de France is required or otherwise decides to register the Gaz de France ordinary shares to be issued in connection with the business combination in the United States, Gaz de France may file with the United States Securities and Exchange Commission ( SEC ), a registration statement on Form F-4, which will include a prospectus. Investors are strongly advised to read the information document filed with the AMF, the registration statement and the prospectus, if and when available, and any other relevant documents filed with the SEC and/or the AMF, as well as any amendments and supplements to those documents, because they will contain important information. If and when filed, investors may obtain free copies of the registration statement, the prospectus as well as other relevant documents filed with the SEC, at the SEC s web site at and will receive information at an appropriate time on how to obtain these transaction-related documents for free from Gaz de France or its duly designated agent. Investors and holders of Suez securities may obtain free copies of documents filed with the AMF at the AMF s website at or directly from Gaz de France on its web site at: or directly from Suez on its website at: as the case may be. Forward-Looking Statements This communication contains forward-looking information and statements about Gaz de France, Suez and their combined businesses after completion of the proposed business combination. Forward-looking statements are statements that are not historical facts. These statements include financial projections, synergies, cost-savings and estimates and their underlying assumptions, statements regarding plans, objectives, savings, expectations and benefits from the transaction and expectations with respect to future operations, products and services, and statements regarding future performance. Forward-looking statements are generally identified by the words expect, anticipates, believes, intends, estimates and similar expressions. Although the managements of Gaz de France and Suez believe that the expectations reflected in such forward-looking statements are reasonable, investors and holders of Gaz de France and Suez ordinary shares are cautioned that forward-looking information and statements are not guarantees of future performances and are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Gaz de France and Suez, that could cause actual results, developments, synergies, savings and benefits from the transaction to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include those discussed or identified in the public filings with the Autorité des marchés financiers ( AMF ) made by Gaz de France and Suez, including those listed under Facteurs de Risques in the Document de Référence filed by Gaz de France with the AMF on May 5, 2006 (under no: R ) and in the Document de Référence and its update filed by Suez on April 11, 2006 (under no: D ), as well as documents filed by Suez with the SEC, including those listed under Risk Factors in the Annual Report on Form 20-F for 2006 that Suez filed with the SEC on June 26, 2006, and in the Amended Annual Report on Form 20-F/A filed with the SEC on February 1, Except as required by applicable law, neither Gaz de France nor Suez undertakes any obligation to update any forward-looking information or statements.

3 Information Meeting February 5-8, Agenda Successful global energy player SEI in the Middle East LNG Highlights

4 Information Meeting February 5-8, Agenda Successful global energy player SEI in the Middle East LNG Highlights

5 Information Meeting February 5-8, SEI Mission To develop and to manage electricity and gas projects and to offer tailor-made energy solutions to industrial and commercial customers internationally

6 Information Meeting February 5-8, SUEZ: A global energy player with European roots Canada SUEZ Energy Europe 30 GW SUEZ Energy North America Europe 6 GW USA SUEZ Global LNG 8 MTPA* Turkey Thaïland, Laos, China, Singapore Mexico Middle East SUEZ Energy Middle East-Asia 11 GW SUEZ Energy South America 11 GW Peru Chile Brazil Argentina (*) Estimate for SEE and SGLNG in 2006 MW capacities in operation & under construction

7 Information Meeting February 5-8, SUEZ Energy International Key figures 5,450 employees* EUR 6,242 billion revenue in ,000 MW of power capacity** in billion m³ of natural gas sold in 2005* million MWh of electricity sold in 2005* First private power generator in Brazil, Thailand and GCC Major importer of LNG in the United States 3,137 km of high voltage transmission lines* 14,868 km of gas transport and distribution pipelines* (*) including minority stakes (**) in operation or under construction

8 Information Meeting February 5-8, International energy activities are a significant contributor to SUEZ financial performances Turnover (2006) EBITDA (2005) Net Result gs (2005) 14% 20,5% 16,8% = SEI

9 Information Meeting February 5-8, SEI has a track record of uninterrupted profitable growth Turnover NRgs Turnover (M ) NRgs (M ) Notes: NRgs replaced by NCRgs before 2004

10 Information Meeting February 5-8, Today s main emerging economies will become the economic super powers of tomorrow Source: Goldman Sachs, Global Economics Paper N 99, 10/03

11 Information Meeting February 5-8, Energy intensity is much higher in high growth countries 12% World Average 2006 GDP Growth (IMF expected) China 10% Developing Asia(*) 8% India Russia 6% Africa Middle East USA 4% Latin America World GDP Growth % Japan 0% EU Bubble size = Total Primary Energy Intensity (kbtu/usd) Energy Consumption (2004) Source: International Monetary Fund (IMF) & EIA (*) Asia less Japan, China, India, S Korea, Taiwan, HK, Singapore

12 SEI strategy is to focus on selected high growth potential markets 15% 2005 Growth of electricity in selected markets 10% 5% 0% EU15 USA South Cone (*) Thailand Turkey GCC (**) India China (*) Brazil, Argentina, Chile and Peru (**) Expected growth Source: Enerdata, HSBC & SCEMP, Others Information Meeting February 5-8,

13 SEI stronghold strategy Footholds Strongholds Grow faster than market Operational excellence Value chain play Rest of the world Opportunistic approach Independent assets Asset rotation Profitability Future growth potential Emerging value chain play High returns Information Meeting February 5-8,

14 Information Meeting February 5-8, SEI strategy is focused on selected segments of the value chain with highest competitive advantages Power Power Generation Transmission Distribution Retail Residential Gas Exploration Production LNG (*) Pipeline Distribution Retail I&C Note: Green indicates activities on which SEI focuses (*) Within the LNG value chain, SEI focuses primarely on regasification terminals, shipping and trading activities

15 Information Meeting February 5-8, Business model based on two value creating activities Business Development Operational Management Organization and Support activities

16 Information Meeting February 5-8, Major strengths of SEI A mature organization adapted to our business Decentralised with local & dedicated capabilities Expertise and experience resulting from long & successful local presence as developer and operator Strong reputation and global scale facilitating access to best partners, EPC contractors, banks, Global leverage with other SEI regions Rigorous development process

17 Information Meeting February 5-8, SEI Business Development process Predevelopment phase Development phase Final development phase Implementation Look-back Project identification & conceptual design Design fine tuning & valuation Execution of key contracts Construction & Commissioning Look-back Approval Advanced Notice Approval Project/Bid submission Acquisition/Divestment NTP Execution of SPA COD & closing

18 Information Meeting February 5-8, SEI growth drivers The Group has the expertise, credibility and financial capacity for further expansion. Strong global economic expansion driving energy demand Growing demand of LNG as an alternative energy source and need for additional terminal capacity in the Americas Significant electricity demand growth in the current SEI markets (Brazil, US, Thailand, Chile, Gulf Countries, Turkey): important reduction of reserve capacity margins government-organized IPP programs (to be) launched Major opportunities in other markets such as India, South Africa, Philippines,

19 Information Meeting February 5-8, Further SEI challenges for 2007 Energy auctions, hydro projects and LNG project in Brazil LNG and power projects in the north of Chile Neptune and Calypso LNG Deepwater projects in the US New projects in the Middle East: Qatar, Saudi Arabia, Oman, Test new markets : India, South Africa, Philippines

20 Information Meeting February 5-8, Agenda Successful global energy player SEI in the Middle East LNG Highlights

21 Information Meeting February 5-8, Middle East position as global LNG supplier will increase in the future 6,6 56,7 7,5 71,6 13,8 12,3 7,3 4,0 Proven remaining resources 2004 (Total 180 TCM) Global annual gas demand ~3 TCM/year Sources: Cedigaz 2004

22 Information Meeting February 5-8, Major natural gas trade movements Source: BP Statistical review of World Energy 2006

23 Information Meeting February 5-8, Qatar LNG contract In 2005, Distrigas signed 20-year LNG supply agreement with Rasgas for 2.05 MTPA Qatar has the 3rd world proven gas reserve and became the 1st LNG producer in just 10 years Diversification of LNG supply portfolio Excellent reputation of reliability

24 Information Meeting February 5-8, Yemen LNG contract In 2005, SEI signed a 20 years LNG supply agreement with Yemen LNG for 2.5 MTPA LNG upstream development managed by experienced and reputable player (Total) Diversification of portfolio 9.2 TCF proved +0.7 TCF probable Spur line MA BA R LNG Plant 2 Trains & terminal 6.7 Mtpa LNG - 25 years

25 Information Meeting February 5-8, Agenda Successful global energy player SEI in the Middle East LNG Highlights

26 Information Meeting February 5-8, SUEZ: NR 1 IWPP developer with 8200 MW Sohar Barka Marafiq Rusail Al Ezzel / Al Hidd Taweelah A1 UPC Manah

27 Information Meeting February 5-8, Project history in Gulf countries: A success story leading to number 1 developer Extension of the Al Manah plant to 290 MW Win 585 MW and 150,000 m³/day IWPP in Sohar, Oman Win 950 MW IPP in Al Ezzel, Barhain Win 2750MW + 800,000m³/day IWPP Marafiq, in KSA Acquisition of 665 MW in Rusail + construction of 678 MW & 400,000m³/day in Barka, Oman Construction of first 100 MW unit in Al Manah, Oman Key market figures (2004): 45,000 MW capacity (incl KSA) 7-9% growth rate Source: MEA Acquisition of Taweelah A1 plant (Abu Dahbi) and extension to 1,360 MW and 380,000 m³/day of water Distrigas signs 20- year LNG supply agreement with Rasgas for 2.05 MTPA SEI signs a 20 years LNG supply agreement with Yemen LNG for 2.5 MTPA Acquisition of 910 MW plant and 135,000 m³/day IWPP + construction of 270,000m³/day extension in Al Hidd, Bahrain 233 MW Extension - Taweelah A10 in UAE

28 Information Meeting February 5-8, Competitive advantages and successful development belong to a virtuous cycle Access to best partners Competitive Advantages SEI global development & management capabilities Scale & Synergies Local acceptability Local presence & knowledge Visibility & Credibility Successful projects

29 Information Meeting February 5-8, More than 5000 MW added to the SUEZ portfolio in 2006 in the Middle East Name Capacity Country Ownership Taweelah A MW UAE 20% Al Hidd 910 MW MIGD Bahrain 30% Barka 678 MW 26.4 MIGD Oman 47.5% Rusail 665 MW Oman 47.5% Marafiq 2,750 MW 176 MIGD Saudi Arabia 20% TOTAL 5,236 MW MIGD In total, 8,200 MW of installed power capacity by 2009 in the Middle East