IR Presentation SAMSUNG ENGINEERING 2 0 1 5
CONTENTS
Introduction 1
Business Update 2
Appendix 3
Ethylene
EO/EG
Coal Gasification
GOSP
Pipeline
Offshore
CDU/VDU
Aromatics
Heavy Oil Upgrading
IT
Industrial Manufacturing
Bio-pharmaceutical
Desalination
Solid Water
Water & Wastewater Treatment
Introduction
Business Portfolio
Hydrocarbon
Non Hydrocarbon
Refinery Gas Petrochemical Upstream
Power Industrial Facility Water Treatment
Water Reuse
Air Pollution Prevention
HDS
Alkylation
3/14
Gas Processing
Liquefaction
LNG Terminal
Reforming
Polymers
Polysilicon
PDH
Fertilizers
Fine Chemicals
CCPP
Coal-fired
Oil-fired
IGCC
Co-gen
Metallurgy Ultrapure Water
Business Results Business Update
Sales
’14
6,377 9,806
37%
71%
29%
New Order
’14 ’13
Operating Profit
66%
34%
’13
6,288
63%
’14 ’13
162
△1,028
(\ billion)
8,912
60%
40%
4/14
(\ billion)
Hydrocarbon
Non Hydrocarbon
Business Outlook Business Update
Sales
’15(E)
7,000
8,000
34%
60%
40%
New Order
Hydrocarbon
Non Hydrocarbon ’15(E) ’14
60%
40%
’14
6,377
66%
8,912
65%
35%
5/14
(\ billion)
Business Update
\12.8 trillion
2010 4%
2011 7%
2012 38%
2014 31%
Year Awarded
2014
Before 3%
Yr. Awarded
Category Project Award
($ million) Completion
2011
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
Petrochemical UGCC PKG #B(GSP, PE/PP) 752 ‘15. 07
Upstream Iraq West Qurna Ph.2 (GOSP) 1,359 ’15. 09
2012
Power Balkash Thermal Power Plant 1,275 ’20. 03
Upstream Senoro Gas 233 ’15. 04
Petrochemical Bolivia YPFB Ammonia and Urea 844 ’17 .08
Refinery UAE Carbon Black & Delayed Coker 2,477 ’16. 01
Power Yanbu Power Plant Phase 3 1,506 ’16. 12
2013
Gas Iraq Badra CPF Phase 2 879 ’16. 01
Petrochemical Azerbaijan Ammonia & Urea 645 ’16. 06
Refinery Riyadh Clean Transportation Fuel 218 ’16. 05
Power Cogen IPP 359 ’16. 07
Gas Malaysia TGAST 644 ’16. 09
2014
Power Chile Kelar BHP 442 '16. 10
Upstream Algeria Timimoun 802 '17. 04
Upstream Iraq Eni Zubair Oil Field 840 '16. 10
Refinery KNPC Clean Fuel 1,634 '18. 04
’14 Order Backlog Breakdown
Major Ongoing Projects
6/14
2013 17%
Product
Domestic 11% CIS 15%
America 7%
Asia 7%
MENA 30% GCC 30%
’14
(MENA : Iraq + Africa)
Region Domestic 15%
America 5%
Asia 10%
MENA 7%
GCC 41%
CIS 22%
’13
\15.6 trillion
Non Hydrocarbon 19%
Gas 11%
Petrochemical 17%
Refinery 19%
Upstream 6%
’13
Power 28%
Power 25%
Gas 9% Petrochemical 10%
Refinery 25%
Upstream 15%
’14
Non Hydrocarbon 16%
7/14
Business Update
\15.6 trillion
\12.8 trillion
\12.8 trillion
Order Backlog Breakdown
Debt & Credit Line
Business Update
’14 ’13
1,100
950
Net Debt
’14 ’13
Credit Line
2,500
2,600
Available
In Use
56% 59%
44% 41%
’14 ’13
1,400
1,500
Debt
8/14
(\ billion) (\ billion)
(\ billion)
Foreigner Ratio
Per Capita Sales
(\ billion)
SECL
Subsidiary
720 634
302 267
SEI(India) SESA(Saudi) SET(Thai)
146 122
SEA(USA)
104 92
18.8%
16.4%
1.08 1.06
8,414
’13 ’14 ’15(E)
7,550
1.17
Manpower Update Business Update
Manpower Trend Manpower Breakdown
Foreigner Ratio & Per Capita Sales Global Operation
2014
17.4%
’13 ’14 ’15(E)
8,255
’14 ’15(E) ’13
661
126 126 87
8,255
Hydrocarbon 63%
Non Hydrocarbon
27%
Admin 10%
8,255
Support 10%
Engineering 35%
Procurement 7%
Product Division
Construction 24%
PM 16%
9/14
Marketing 2%
Quality/Safe 4%
’14 ’15(E) ’13 ’14 ’15(E) ’13 ’14 ’15(E) ’13
RM 2%
(\ billion)
Statement of Profit or Loss
Business Update
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 Business Update
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
(\ billion)
11/14
Financial Index Capex
Business Update
’12 ’13 ’14
Gross Profit Margin
11.3% △5.6% 6.1%
Pre-tax Profit Margin
6.2% △9.4% 0.7%
ROE 31% △78% 6%
EPS 14,264 △19,128 1,487
DPS 3,000 - -
‘13 ’14 ’15(E)
Facilities 70 77 76
Capital Expenditure
10 4 1
R&D 6 5 5
Total 86 86 82
(\) (\ billion)
Financial Index & Capex
12/14
※ DPS from separated financial statement
Major Ongoing Projects Appendix
13/14
Yr. Awarded
Category Project Region Client Award
($ million) Completion
2011
Gas Shaybah PKG #1, #2 Saudi Arabia Saudi Aramco 1,335 ‘15. 06
Power Shaybah PKG #3 Saudi Arabia Saudi Aramco 554 ’15. 06
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
2012
Power Balkash Thermal Power Plant Kazahstan Samruk-Energy 1,275 ’20. 03
Upstream Senoro Gas Indonesia Pertamina 233 ’15. 04
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
2013
Gas Iraq Badra CPF Phase 2 Iraq Gazprom 879 ’16. 01
Petrochemical Azerbaijan Ammonia & Urea Azerbaijan SOCAR 645 ’16. 06
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
2014
Power Chile Kelar BHP Chile Kelar 442 '16. 10
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
Subsidiary & Branch Office (18)
Global Engineering Center(4)
Head Office
North America
United States
Mexico
Latin America
Venezuela
Brazil
Europe CIS
Russia
Middle East & Africa
Saudi Arabia
UAE
Kuwait
Iraq
Algeria
Italy
Asia
India
Vietnam
Indonesia
Thailand
Malaysia
China
Japan
Global Operations
Appendix
14/14