IR Presentation SAMSUNG ENGINEERING 2 0 1 3
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 GTC(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 Industrial & Infrastructure Power Metallurgy Industrial Facility Water Treatment Thermal (Coal/ Oil/ Gas Fired) Steel Mills Non-Ferrous Plants (Aluminum 外 ) IT Facilities Industrial Manufacturing Facilities BT Facilities Sewage Treatment Wastewater Treatment Desalination O&M Ultra-Pure/Reuse 3/13
Business Results and Outlook New Order Sales CAGR 22% ( 08~ 12) 13,056 CAGR 37% ( 08~ 12) 11,440 13 Outlook 11,789 9,298 10,117 9,032 55% 5,846 95% 50% 52% 4,035 3,215 71% 5,312 81% 74% 64% 66% New Order \14.5tn Sales \11.6tn 78% 22% 5% 45% 50% 48% 29% 19% 26% 36% 34% (\ billion) Hydrocarbon Industrial & Infrastructure 08 09 10 11 12 08 09 10 11 12 4/13
Order Backlog Breakdown (Product) Refinery 62% Product I&I 9% Gas 7% 14.0 Petrochem 22% Refinery 36% Upstream 6% 17.2 I&I 22% Gas 11% Refinery 25% Upstream 11% 20.4 I&I 30% Refinery 29% * I&I : Industrial & Infrastructure Upstream 4% I&I 41% 19.4 Petrochem 25% Petrochem 19% Gas 15% Petrochem 19% Gas 7% 09 10 11 12 New Product Orders and Amount = 1 Project Upstream 5 PJTs $3.2bn Power 7 PJTs $5.2bn Metallurgy 5 PJTs $1.6bn 10 11 12 Accumulation (End of 12) 5/13
Order Backlog Breakdown (Region) Region (MENA : Iraq + Africa) Domestic 13% Domestic 14% CIS 4% Domestic 14% CIS 15% Domestic 18% GCC 52% 14.0 Americas 7% Asia 9% GCC 57% 17.2 Americas 8% Asia 10% GCC 57% 20.4 Americas 5% Asia 8% GCC 46% 19.4 Americas 8% Asia 6% MENA 19% MENA 11% MENA 12% MENA 7% 09 10 11 12 New Market 2010 2011 2012 1 Country (USA) 4 Countries (Iraq, Uzbekistan, Qatar, Mozambique) 3 Countries (Kazakhstan, Bolivia, Angola) 6/13
Key Financial Index Margin Trend Profit Index 39% 15.3% 15.3% 32% 35% 30% ROE 11.6% 11.3% Gross profit \12,900 \13,000 EPS 11% \8,400 8.3% 8.6% \6,200 6% 7.4% 6.1% Pre-tax profit \2,000 \2,500 \3,000 \3,000 DPS 09 10 11 12 13(E) 09 10 11 12 7/13
Cash & Capex Net Cash Capex (\ billion) (\ billion) 1,023 281 290 723 815 166 198 132 104 122 90 80 111 10 11 12 13(E) 60 2 76 7 68 10 11 12 13(E) 42 New HQ Investment IT & Others Capital Expenditure 8/13
Manpower Update Manpower Trend 3% Growth ( 12~ 13) 8,811 9,100 Manpower by Product Admin 10% CAGR 26% ( 05~ 12) 1,769 Industrial & Infrastructure 35% 8,811 Hydrocarbon 55% 05 12 13(E) 2012 Foreigner Ratio & Per Capita Sales 18.2% 18.2% Global Operation SEI(India) SEA(USA) SSA(Saudi) 675 672 STEC(Thai) 6.7% 1.30 1.27 0.63 05 12 13(E) Foreigner Ratio Per Capita Sales (\ billion) 12 13(E) 321 309 122 125 118 115 12 13(E) 12 13(E) 12 13(E) 9/13
Income Statement 2010 2011 2012 `11-`12 YoY (\ billion) Revenue 5,312 9,298 11,440 23.0 % Gross Profit 810 1,079 1,288 19.4 % Operating Profit 427 626 732 16.9 % Pre-tax Profit 459 687 701 2.0 % Net Income 337 515 521 1.3 % Gross Profit(%) 15.3 % 11.6 % 11.3 % Operating Profit(%) 8.0 % 6.7 % 6.4 % Pre-tax Profit(%) 8.6 % 7.4 % 6.1 % Net Income(%) 6.3 % 5.5 % 4.6 % 10/13
Statement of Financial Position 2010 2011 2012 Total Assets 3,535 5,189 5,674 Current Assets 2,832 4,157 4,188 Non-current Assets 703 1,032 1,486 Total Liabilities 2,578 3,875 3,934 Current Liabilities 2,405 3,645 3,554 Long-term Liabilities 173 230 379 Total Equities 957 1,313 1,740 Capital Stock 200 200 200 Capital Surplus 57 57 57 Retained Earnings 938 1,358 1,771 Capital Adjustment 238 302 288 11/13 (\ billion)
Appendix Global Operations United Kingdom Hungary Italy Russia Uzbekistan Kazakhstan Head Office United States Mexico Canada Europe CIS Asia North America Middle East & Africa India Latin America Vietnam Indonesia Saudi Arabia UAE Kuwait Iraq Algeria Egypt Thailand Malaysia Singapore China Japan Trinidad & Tobago Venezuela Brazil Bolivia Angola South Africa Subsidiary & Branch Office (23) Global Engineering Center (4) Office Built in 2012 (4) 12/13 Prospective Office (2)
Appendix Major Ongoing Projects Yr. Awarded Category Project Region Client Award ($ million) Completion Petrochemical Acrylic Acid Saudi Arabia SAMCO 689 13. 03 Power Norte II CCPP Mexico CFE 270 13. 05 Metallurgy SULB Section Mill Plant Bahrain SULB 326 13. 06 2010 Petrochemical Chlorine # 7 United States Dow Chemical 411 13.06 Petrochemical Borouge 3 (LDPE) UAE Borouge 170 13. 12 Petrochemical Borouge 3 (Polyolefins) UAE Borouge 552 14. 01 Upstream Sabah Oil & Gas Terminal Malaysia Petronas 689 14. 02 Gas Shah Gas Development UAE ADNOC 1,496 14. 09 Water Muharraq STP (EPC+O&M) Bahrain MOW 555 14. 10(EPC) Petrochemical OPaL HDPE India OPAL 221 13. 08 Power Wasit Cogeneration Saudi Arabia Saudi Aramco 594 14. 03 2011 Aluminum PKGs (Rolling Mill, Cast House, Metallurgy Saudi Arabia Ma aden 1,301 14. 03 etc) Power Shaybah NGL #3 Saudi Arabia Saudi Aramco 534 14. 03 Upstream Shaybah NGL #4 Saudi Arabia Saudi Aramco 922 14. 05 Gas Shaybah NGL #1, #2 Saudi Arabia Saudi Aramco 1,302 14. 07 Upstream West Qurna Ph.2 (GOSP) Iraq Lukoil (Russia) 998 14. 07 Upstream Banyu Urip (GOSP) Indonesia MCL(Exxon Mobil) 336 14. 08 Petrochemical UGCC PKG #B (GSP, PE/PP) Uzbekistan UZ-Kor Gas Chemicals LLC 817 15. 07 Gas PTT PHR-3 Thailand PTT 60 14. 04 Upstream Senoro Gas Indonesia Pertamina 233 14. 12 2012 Refinery Yanbu Refinery Expansion Saudi Arabia Luberef 871 15. 07 Petrochemical Carrasco Ammonia and Urea Bolivia YPFB 811 15.10 Refinery Carbon Black & Delayed Coker UAE Takreer 2,477 16. 01 Power Yanbu Power Plant Phase 3 Saudi Arabia SWCC 1,506 16. 12 Power Balkhash Thermal Power Plant Kazahstan Samruk-Energy 2,078 18. 04 13/13