SapuraCrest Petroleum Berhad (SAPCRES) - Financial and Strategic SWOT Analysis Review

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					            SapuraCrest Petroleum Berhad (SAPCRES) - Financial and Strategic
                                 SWOT Analysis Review
        Reference Code: GDGE5123FSA                                                                                              Publication Date: JUL 2012

          Level 6, Sapura Mines, No 7 Jalan
                                                             Phone              +60 3 86598800                      Revenue          2,556.40 (million MYR)
          Tasik
          Seri Kembangan, Selangor                           Fax                +60 3 86598811                      Net Profit       310.23 (million MYR)
          43300                                              Website            www.sapuracrest.com.my              Employees        1,781
                                                                                SAPCRES               [Bursa
          Malaysia                                           Exchange                                               Industry         Oil & Gas
                                                                                Malaysia]

       Company Overview
       SapuraCrest Petroleum Berhad (SapuraCrest) is an oil and gas integrated service provider in Malaysia. It offers offshore drilling;
       installation of pipelines and facilities; marine services; offshore and nearshore marine engineering; design, manufacture and
       operation of remote-operated vehicles; and maintenance services for the oil and gas, marine and power utility industries.
       SapuraCrest operates through four divisions, namely, Installation of Pipelines and Facilities, Drilling, Marine Services, Operations
       and Maintenance.
       Key Executives                                                                SWOT Analysis
                      Name                                 Title                      SapuraCrest Petroleum Berhad, SWOT Analysis
         Datuk Shahril Shamsuddin            President                                Strengths                                Weaknesses
         Mohamed          Rashdi Director
                                                                                      Wide Service Portfolio                   Low Liquidity Position
         Mohamed Ghazalli
         Tan Sri Ibrahim Menudin             Director                                 Improving Operating Margin               Narrow Customer Base
         Shahriman Shamsuddin                Director
         Datuk Kris Azman Abdullah           Director                                 Opportunities                            Threats
        Source: Annual Report, Company Website, Primary and Secondary
        Research, GlobalData                                                          Expanding Market                         Intense Competition

       Share Data                                                                     Strategic Acquisitions                   Fluctuating Oil Markets
         SapuraCrest Petroleum Berhad
        Share Price (MYR) as on 30-Apr-                                  5.07        Source: Annual Report, Company Website, Primary and Secondary Research,
                                                                                     GlobalData
        2012
        EPS (MYR)                                                        0.24
        Market Cap (million MYR)                                       6,473
        Enterprise Value (million MYR)                                 6,864
        Shares Outstanding (million)                                   1,277
       Source: Annual Report, Company Website, Primary and Secondary
       Research, GlobalData

       Financial Performance                                                         Recent Developments
                                                                                      Mar 01, 2012         IHC Merwede Wins              Orders      For   Three
                                                                                                           Pipelaying Vessels
                                                                                      Feb 28, 2012         OSX Wins Contract From Sapura Navegacao
                                                                                                           For Construction Of PLSV
                                                                                      Jan 12, 2012         SapuraCrest Petroleum Signs Contract With
                                                                                                           IHC Offshore For Two Pipelay Support
                                                                                                           Vessels
                                                                                      Jan 10, 2012         Subsea 7 Awards $100m Contract To
                                                                                                           SapuraAcergy For Subsea Construction
                                                                                                           Project, Offshore Vietnam
       Source: Annual Report, Company Website, Primary and Secondary
       Research, GlobalData                                                          Source: Annual Report, Company Website, Primary and Secondary Research,
                                                                                     GlobalData




SapuraCrest Petroleum Berhad (SAPCRES) - Financial and                                                                            Reference Code: GDGE5123FSA
Strategic SWOT 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
       SapuraCrest Petroleum Berhad - Key Facts ...................................................................................................................................... 5
       SapuraCrest Petroleum Berhad - Key Employees ............................................................................................................................. 6
       SapuraCrest Petroleum Berhad - Major Products and Services......................................................................................................... 7
       SapuraCrest Petroleum Berhad - History ........................................................................................................................................... 8
       SapuraCrest Petroleum Berhad - Company Statement.................................................................................................................... 10
       SapuraCrest Petroleum Berhad - Locations And Subsidiaries ......................................................................................................... 12
          Head Office ................................................................................................................................................................................... 12
       Section 2 – Company Analysis ......................................................................................................................................................... 13
       SapuraCrest Petroleum Berhad - Business Description ................................................................................................................... 13
       SapuraCrest Petroleum Berhad - Corporate Strategy ...................................................................................................................... 14
       SapuraCrest Petroleum Berhad - SWOT Analysis ........................................................................................................................... 15
          SWOT Analysis - Overview........................................................................................................................................................... 15
          SapuraCrest Petroleum Berhad - Strengths ................................................................................................................................. 15
             Strength - Wide Service Portfolio .............................................................................................................................................. 15
             Strength - Improving Operating Margin ..................................................................................................................................... 15
             Strength - Strong Order Backlog ............................................................................................................................................... 15
          SapuraCrest Petroleum Berhad - Weaknesses ............................................................................................................................ 15
             Weakness - Low Liquidity Position ............................................................................................................................................ 15
             Weakness - Narrow Customer Base ......................................................................................................................................... 16
          SapuraCrest Petroleum Berhad - Opportunities ........................................................................................................................... 16
             Opportunity - Expanding Market ................................................................................................................................................ 16
             Opportunity - Strategic Acquisitions .......................................................................................................................................... 16
             Opportunity - Collaboration With GE Oil & Gas ......................................................................................................................... 16
          SapuraCrest Petroleum Berhad - Threats..................................................................................................................................... 16
             Threat - Intense Competition ..................................................................................................................................................... 16
             Threat - Fluctuating Oil Markets ................................................................................................................................................ 17
             Threat - Stringent Regulations .................................................................................................................................................. 17
             Threat - Geographic Concentration ........................................................................................................................................... 17
       SapuraCrest Petroleum Berhad - Key Competitors .......................................................................................................................... 18
       Section 3 – Company Financial Ratios ............................................................................................................................................. 19
       Financial Ratios - Capital Market Ratios........................................................................................................................................... 19
       Financial Ratios - Annual Ratios ...................................................................................................................................................... 19
       Performance Chart ........................................................................................................................................................................... 21
       Financial Performance...................................................................................................................................................................... 21
       Financial Ratios - Interim Ratios....................................................................................................................................................... 22
       Financial Ratios - Ratio Charts ......................................................................................................................................................... 23
       Section 4 – Company’s Oil & Gas, Power Financial Deals and Alliances ........................................................................................ 24
          SapuraCrest Petroleum Berhad, Oil & Gas, Deals By Year, 2006 to YTD 2012 ........................................................................... 24
          SapuraCrest Petroleum Berhad, Oil & Gas, Deals By Type, 2006 to YTD 2012 .......................................................................... 25
       SapuraCrest Petroleum Berhad, Recent Deals Summary ................................................................................................................ 26
       Section 5 – Company’s Recent Developments ................................................................................................................................ 27


SapuraCrest Petroleum Berhad (SAPCRES) - Financial and                                                                                                           Reference Code: GDGE5123FSA
Strategic SWOT Analysis Review
Source : www.globalcompanyintelligence.com                                                                                                                                                                Page 2
© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form
          SapuraCrest Petroleum Berhad, Recent Developments ............................................................................................................... 27
             Mar 01, 2012: IHC Merwede Wins Orders For Three Pipelaying Vessels ................................................................................. 27
             Feb 28, 2012: OSX Wins Contract From Sapura Navegacao For Construction Of PLSV ......................................................... 27
             Jan 12, 2012: SapuraCrest Petroleum Signs Contract With IHC Offshore For Two Pipelay Support Vessels .......................... 27
             Jan 10, 2012: Subsea 7 Awards $100m Contract To SapuraAcergy For Subsea Construction Project, Offshore Vietnam ...... 28
             Jan 05, 2012: COSCO Secures $220m Contract For Two Self Propelled Pipelay Heavylift Offshore Construction Vessels .... 28
             Dec 14, 2011: Seadrill Explores Potential For Joint Investment With Sapura ........................................................................... 28
             Jul 06, 2011: Clough In Discussion With SapuraCrest Regarding Its Marine Construction Business ....................................... 29
             May 27, 2011: SapuraCrest And GE Reinforce Technology Partnership With New, Expanded Oil And Gas Services Facility In
             Malaysia .................................................................................................................................................................................... 29
             Jan 31, 2011: Petrofac Signs RSC With Petronas To Develop Berantai Field, Offshore Peninsular Malaysia ......................... 29
             Jan 26, 2011: SapuraCrest Petroleum Receives $31.5 Million LoA From PCML ...................................................................... 30
       Section 6 – Appendix ....................................................................................................................................................................... 31
          Methodology ................................................................................................................................................................................. 31
          Ratio Definitions ............................................................................................................................................................................ 31
          About GlobalData ......................................................................................................................................................................... 35
          Contact Us .................................................................................................................................................................................... 35
          Disclaimer ............................................................
				
DOCUMENT INFO
Description: SapuraCrest Petroleum Berhad (SapuraCrest) is an oil and gas integrated service provider in Malaysia. It offers offshore drilling; installation of pipelines and facilities; marine services; offshore and nearshore marine engineering; design, manufacture and operation of remote-operated vehicles; and maintenance services for the oil and gas, marine and power utility industries. SapuraCrest operates through four divisions, namely, Installation of Pipelines and Facilities, Drilling, Marine Services, Operations and Maintenance.
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PARTNER GlobalData
GlobalData is an industry analysis specialist, providing business information products and services. GlobalData’s highly qualified team of analysts, researchers, and solution consultants use proprietary data sources, tools and techniques to gather, analyze and represent the latest and the most reliable information essential for a business to sustain a competitive edge. GlobalData is a UK-based company with presence across North America, Europe and Asia Pacific and has a broad product offering that ranges from interactive databases, reports and custom solutions. It is a comprehensive source of insights and analysis with coverage across the oil & gas, power, alternative energy, nuclear power, petrochemicals, medical equipment and healthcare industries. GlobalData has a broad range of coverage over key market segments. It has a global scope, covering a wide range of countries constituting more than 90% of global revenues in each of the industries it covers. With a large dedicated research and analysis capability, GlobalData employs rigorous primary and secondary research techniques in developing unique data sets and research materials. Its status as an independent research company allows Analysts to conduct trade interviews with key industry players. Access to unique databases of in-house market information further strengthens research and analysis capabilities. Materials are reviewed shaped by an expert panel of leading industry figures and representatives from key players in the relevant industries. Sectors and Geographies Covered GlobalData has a broad range of coverage over key market segments. It has a global scope, covering a wide range of countries constituting more than 90% of global revenues in each of the industries it covers. Research Methodology With a large dedicated research and analysis capability, GlobalData employs rigorous primary and secondary research techniques in developing unique data sets and research materials. Its status as an independent research company allows Analysts to conduct trade interviews with key industry players. Access to unique databases of in-house market information further strengthens research and analysis capabilities. Materials are reviewed shaped by an expert panel of leading industry figures and representatives from key players in the relevant industries.