Saudi Electricity Company (5110) - Financial and Strategic SWOT Analysis Review by GlobalData

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									               Saudi Electricity Company (5110) - Financial and Strategic SWOT
                                      Analysis Review
        Reference Code: GDPE34635FSA                                                                                         Publication Date: MAR 2013
                                                                                                                                      33,646.26       (million
          Abraj Alfislah, P.O. Box 22955           Phone             +966 1 4053227                                  Revenue
                                                                                                                                      SAR)
                                                                                                                                      2,561.07        (million
          Riyadh                                   Fax               +966 1 4069015                                  Net Profit
                                                                                                                                      SAR)
          11416                                    Website           www.se.com.saSECArabicdefault.htm               Employees        28,414
                                                                     5110    [Saudi          Arabian        Stock
          Saudi Arabia                             Exchange                                                          Industry         Power Energy
                                                                     Exchange]

       Company Overview
       Saudi Electricity Company (SEC) is a vertically integrated electric utility. The company generates, transmits and distributs power.
       It operates gas, steam, and diesel generation plants with total available generation capacity of approximately 51,148 megawatt
       (MW). Its transmission and distribution system comprises high-voltage transmission network, including underground and
       overhead cables, and distribution lines. The company provides electricity to more than 12,256 towns, villages, and settlements.
       SEC serves more than six million government, industrial, agricultural, commercial, and residential consumers in Saudi Arabia.
       SEC is headquartered in Riyadh, Saudi Arabia.
       Key Executives                                                                SWOT Analysis
                      Name                                 Title                      Saudi Electricity Company, SWOT Analysis
         Sulaiman Abdullah Alkadi            Vice Chairman                            Strengths                            Weaknesses
         Saleh Hussein Alawaji               Chairman
                                                                                      Business Model: Vertically           Dependence on a Single
         Zyad Mohammed Alsheha               Director                                 Integrated                           Supplier
         Isam Alwan Al-Bayat                 Director
                                                                                      Growth Prospects: Business           Substantial Debt
         Yousef Abdulaziz Alturki            Director                                 Performance
        Source: Annual Report, Company Website, Primary and Secondary
        Research, GlobalData

       Share Data                                                                     Opportunities                        Threats

         Saudi Electricity Company                                                    Diversification to Clean Energy Volatility in Electricity Prices
        Share Price (SAR) as on 06-Mar-                                13.70          Sources
                                                                                                                      Political Unrest in Middle East
        2013
                                                                                      Emirates National Grid
        EPS (SAR)                                                        0.61
        Market Cap (million SAR)                                      57,082
                                                                                     Source: Annual Report, Company Website, Primary and Secondary Research,
        Enterprise Value (million SAR)                              111,639          GlobalData
        Shares Outstanding (million)                                   4,167
       Source: Annual Report, Company Website, Primary and Secondary
       Research, GlobalData

       Financial Performance                                                         Recent Developments
                                                                                      Mar 06, 2013         SEC Signs Three Contracts Worth $263m To
                                                                                                           Build Power Transmission Lines And
                                                                                                           Underground Cables In Saudi Arabia
                                                                                      Feb 13, 2013         Siemens Wins €81m Turnkey Contract From
                                                                                                           SEC To Set Up New High-voltage Power
                                                                                                           Substation In Jeddah, Saudi Arabia
                                                                                      Feb 13, 2013         Alstom Grid Wins Two Major Substation
                                                                                                           Contracts Worth $116.2m From SEC
                                                                                      Feb 12, 2013         MHI Receives Order From HHI For Four Sets
                                                                                                           Of Steam Turbine And Generator In Saudi
                                                                                                           Arabia
       Source: Annual Report, Company Website, Primary and Secondary
       Research, GlobalData                                                          Source: Annual Report, Company Website, Primary and Secondary Research,
                                                                                     GlobalData




Saudi Electricity Company (5110) - Financial and Strategic SWOT                                                               Reference Code: GDPE34635FSA
Analysis Review
Source : www.globalcompanyintelligence.com                                                                                                                       Page 1
© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form
       Table of Contents
       Table of Contents ............................................................................................................................................................................... 2
          List of Tables .................................................................................................................................................................................. 4
          List of Figures ................................................................................................................................................................................. 4
       Section 1 - About the Company.......................................................................................................................................................... 5
       Saudi Electricity Company - Key Facts............................................................................................................................................... 5
       Saudi Electricity Company - Key Employees...................................................................................................................................... 6
       Saudi Electricity Company - Major Products and Services ................................................................................................................. 7
       Saudi Electricity Company - Key Operational Summary .................................................................................................................... 8
          Saudi Electricity Company, Share of Installed Capacity by Fuel Type (Power Generation), 2010.................................................. 8
          Saudi Electricity Company, Share of Installed Capacity by Region (Power Generation), 2010 ...................................................... 9
       Saudi Electricity Company - History ................................................................................................................................................. 10
       Saudi Electricity Company - Company Statement ............................................................................................................................ 13
       Saudi Electricity Company - Locations And Subsidiaries ................................................................................................................. 14
          Head Office ................................................................................................................................................................................... 14
          Other Locations & Subsidiaries ..................................................................................................................................................... 14
       Section 2 – Company Analysis ......................................................................................................................................................... 15
       Saudi Electricity Company - Business Description ........................................................................................................................... 15
       Saudi Electricity Company - Corporate Strategy .............................................................................................................................. 17
       Saudi Electricity Company - SWOT Analysis ................................................................................................................................... 18
          SWOT Analysis - Overview........................................................................................................................................................... 18
          Saudi Electricity Company - Strengths.......................................................................................................................................... 18
             Strength - Business Model: Vertically Integrated....................................................................................................................... 18
             Strength - Growth Prospects: Business Performance ............................................................................................................... 18
             Strength - Leading and Balanced Foothold in the Region ......................................................................................................... 18
             Strength - Broadening Operational Assets ................................................................................................................................ 18
          Saudi Electricity Company - Weaknesses .................................................................................................................................... 19
             Weakness - Dependence on a Single Supplier ......................................................................................................................... 19
             Weakness - Substantial Debt .................................................................................................................................................... 19
             Weakness - Disruption in Electricity Supply .............................................................................................................................. 19
          Saudi Electricity Company - Opportunities.................................................................................................................................... 19
             Opportunity - Diversification to Clean Energy Sources.............................................................................................................. 19
             Opportunity - Emirates National Grid......................................................................................................................................... 19
             Opportunity - Restructuring Initiatives ....................................................................................................................................... 20
             Opportunity - Public-Private Partnerships ................................................................................................................................. 20
             Opportunity - Strategic Integrated Plan: 2012-2021 .................................................................................................................. 20
          Saudi Electricity Company - Threats ............................................................................................................................................. 20
             Threat - Volatility in Electricity Prices ........................................................................................................................................ 20
             Threat - Political Unrest in Middle East ..................................................................................................................................... 21
             Threat - Contingent Liabilities.................................................................................................................................................... 21
       Saudi Electricity Company - Key Competitors .................................................................................................................................. 22
       Section 3 – Company Financial Ratios ............................................................................................................................................. 23
       Financial Ratios - Capital Market Ratios........................................................................................................................................... 23
       Financial Ratios - Annual Ratios ...................................................................................................................................................... 23
       Performance Chart .....
								
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