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2Investor Day GDF SUEZ – November 26, 2008
Appendices - Contents
Business Lines Appendices
- Energy Europe and International Business Line 4
- Benelux/Germany Energy Division 5
- Energy Europe Division 8
- Energy International Division 11
- Energy France Business Line 20
Pages
6Investor Day GDF SUEZ – November 26, 2008
Benelux/Germany Energy Division
Gaz de FranceGaz de FranceSUEZSUEZ
Energy Supplyand Services
Energy Supplyand Services InfrastructuresInfrastructures
Benelux/Germany Energy Division
Benelux/Germany Energy Division
SUEZEnergy Europe
SUEZEnergy Europe
SUEZEnergy
International
SUEZEnergy
International
SUEZEnergy
Services
SUEZEnergy
Services
SUEZEnviron-nement
SUEZEnviron-nement
Exploration -ProductionExploration -Production
Purchase and sales of energy
Purchase and sales of energy
ServicesServicesTransmis-
sionStorage
Transmis-sion
Storage
Distribution- France
Distribution- France
Transmis-sion and
Distribution -
International
Transmis-sion and
Distribution -
International
BenedeluxBenedelux
BenedeluxBenedelux
Div
isio
nS
egm
ents
Benelux/Germany Energy Division
7Investor Day GDF SUEZ – November 26, 2008
Structure
The division Benelux/Germany is active in power generation and sales of electricity, natural gas and related services. These activities are supported by Trading and Portfolio management on division and Business line level.
GenerationGeneration Local PortfolioManagement
Local PortfolioManagement
Marketing& Sales
Marketing& Sales
Benelux/GermanyEnergy Division
Benelux/GermanyEnergy Division
Benelux/Germany Energy Division
9Investor Day GDF SUEZ – November 26, 2008
Energy Europe Division
Gaz de FranceGaz de FranceSUEZSUEZ
Energy Supplyand Services
Energy Supplyand Services InfrastructuresInfrastructures
Energy Europe Division
Energy Europe Division
SUEZEnergy Europe
SUEZEnergy Europe
SUEZEnergy
International
SUEZEnergy
International
SUEZEnergy
Services
SUEZEnergy
Services
SUEZEnviron-nement
SUEZEnviron-nement
Exploration -ProductionExploration -Production
Purchase and sales of energy
Purchase and sales of energy
ServicesServicesTransmis-
sionStorage
Transmis-sion
Storage
Distribution- France
Distribution- France
Transmis-sion and
Distribution -
International
Transmis-sion and
Distribution -
International
Other EuropeOther Europe
Other EuropeOther
Europe
Div
isio
n
Energy Europe Division
Seg
men
ts
10Investor Day GDF SUEZ – November 26, 2008
Electricity generation outputbreakdown*: 27 TWh
* 2007 consolidated data
Natural gas71 %
Coal28 %
Hydroelectricity1 %
Energy Europe Division
12Investor Day GDF SUEZ – November 26, 2008
Energy International Division
Gaz de FranceGaz de FranceSUEZSUEZ
Energy Supplyand Services
Energy Supplyand Services InfrastructuresInfrastructures
Energy International Division
Energy International Division
SUEZEnergy Europe
SUEZEnergy Europe
SUEZEnergy
International
SUEZEnergy
International
SUEZEnergy
Services
SUEZEnergy
Services
SUEZEnviron-nement
SUEZEnviron-nement
Exploration -ProductionExploration -Production
Purchase and sales of energy
Purchase and sales of energy
ServicesServicesTransmis-
sionStorage
Transmis-sion
Storage
Distribution- France
Distribution- France
Transmis-sion and
Distribution -
International
Transmis-sion and
Distribution -
International
North America,
Latin America,
Middle-East-Asia
North America,
Latin America,
Middle-East-Asia InternationalInternational
Div
isio
n
Energy International Division
Seg
men
ts
13Investor Day GDF SUEZ – November 26, 2008
Zoom on SenokoKey messages
Interesting asset combination with GDF SUEZposition in Singapore LNG regas project
Attractive price of 1,106 SGD/MW against1,573 SGD/MW paid for Tuas Power(SGD4.2bn for 2,670 MW)
SGD2.9bn of bridge loan + SGD750m repowering loan secured with 10 internationalbanks
Proportional consolidation with 30% equity interest
Diversified output with limited exposureto pool prices
– 40% vesting contracts (55% in 2008)– 40% retail sales– 20% pool sales
Value creation• Expertise in liquid markets• Ability to play “counter cyclical”
• Acquisition of 3,300 MW of installed power capacity in Singapore
• Acquisition price: SGD3.65bn (€1.9bn)
• GDF SUEZ (30%), Marubeni (30%),Kansai (15%), Kyushu (15%) and JBIC (10%)
• Date of first contribution: September 2008
• Acquisition of 3,300 MW of installed power capacity in Singapore
• Acquisition price: SGD3.65bn (€1.9bn)
• GDF SUEZ (30%), Marubeni (30%),Kansai (15%), Kyushu (15%) and JBIC (10%)
• Date of first contribution: September 2008
Energy International Division
14Investor Day GDF SUEZ – November 26, 2008
Zoom on First LightKey messages
Limited number of creditworthy playersin the US market
Acquisition price well below replacementcost for hydro plants alone(estimated around 3,500 $/kW)
Mostly renewable with no direct exposureto CO2 regulationLocation of assets within focus regionsfor North America
$1bn non-recourse financing in place- no need to refinance
Diversified revenue– 50% by Energy– 40% by Capacity Fees– 10% by Ancillary Services
Value creation• Expertise in liquid markets
• Ability to play “counter cyclical”• Valuable resources (energy, capacity, & ancillary services)
• Acquisition of 16 operating plantswith a combined capacity of 1,538 MWin New England (>80% hydro – pumped storage)
• Plus another 537 MW of advanceddevelopment projects
• GDF SUEZ 100% ownership• Date of first contribution: 1st Quarter 2009
• Acquisition of 16 operating plantswith a combined capacity of 1,538 MWin New England (>80% hydro – pumped storage)
• Plus another 537 MW of advanceddevelopment projects
• GDF SUEZ 100% ownership• Date of first contribution: 1st Quarter 2009
Connecticut
Massachusetts
RhodeIsland
Shepaug
Stevenson
Falls Village
Bulls Bridge
Rocky River
Turners Falls No. 1 Northfield Mountain
Cabot
Robertsville
Mt. Tom
Waterbury
Tunnel / Tunnel ICU
Scotland
Taftville
Bantam
Charbon Bureau central
***Stockagepar accumulation***
***Polycarburant***
Hydroélectricité Pétrole
Opportunités de développement
Energy International Division
15Investor Day GDF SUEZ – November 26, 2008
Zoom on the Middle EastRecent large projects
Energy International Division
Capacity TIC D/EFinancial
close
Energy International
Equity
Marafiq(Saudi Arabia)
2,745 MW31,667m³/h
$3.4bn 82/18 June 2007 20%$94m
Ras Laffan C(Qatar)
2,730 MW11,900m³/h
$3.8bn 83/17 September 2008 20%$110m
Suweihat II(UAE)
1,500 MW18,900m³/h
$2.7bn 81.5/18.5 2009 40%$195m
Al Dur(Bahrain)
1,234 MW9,092m³/h
$2.1bn 80/20 2009 50%$200m
16Investor Day GDF SUEZ – November 26, 2008
Zoom on Middle EastKey messages
All projects have secured fuel and offtakeagreements with creditworthy entities
Remuneration through equity return, development and management fees
Equity consolidation and equity exposure between 20 to 50%
Value creation
• Competitive advantages:
– Reputation from track record
– Local O&M synergies resulting from scale
– Synergies with SUEZ Environnement on desalination side
Energy International Division
17Investor Day GDF SUEZ – November 26, 2008
Business case: PeruFrom single client plant toward diversified customer portfolioand fuel mix
Lima
Ilo
Yuncan
Chilca 1997/8 2002 2004
2005
Acquisition of 245 MW capacity in ILO
Acquisition of 245 MW capacity in ILO
Step into gas business with 8% share in TGP (Camisea pipeline) + greenfield gas
distribution concession in Lima
Step into gas business with 8% share in TGP (Camisea pipeline) + greenfield gas
distribution concession in Lima
Acquisition of Yuncan130 MW hydro plant and
entry of local pension fundsEnersur capital (21%)
Acquisition of Yuncan130 MW hydro plant and
entry of local pension fundsEnersur capital (21%)
Start construction of ChilcaOne173 MW gas fired power plant and
IPO of 17% of Enersur capital
Start construction of ChilcaOne173 MW gas fired power plant and
IPO of 17% of Enersur capitalILO 21 new 135 MW coal plant enters in operation
ILO 21 new 135 MW coal plant enters in operation
2000
Enersur startsmulti-client
program
Enersur startsmulti-client
program
2003
Commissioning of second unit and construction of a third
unit Chilca
Commissioning of second unit and construction of a third
unit Chilca
Commissioning of ChilcaOnefirst unit and construction of
second unit
Commissioning of ChilcaOnefirst unit and construction of
second unit
2006
2007
Sale of Caliddagas distributionSale of Caliddagas distribution
Energy International Division
18Investor Day GDF SUEZ – November 26, 2008
• 5,152 MW installed power capacity
• 6 to 7% annual growth rate
• 5,152 MW installed power capacity
• 6 to 7% annual growth rate
245
850
1,028
0
200
400
600
800
1000
1200
1998 2008 2009
+347%
Business case: ENERSUR With proven value creation record
ENERSUR M$
Total acquisition cost in 1997/8 56.5
1998-2005 dividends 58.9
Proceeds from 11/2005 offering 77.5
Market value of 62% stake 289.6
Key market figures
Total shareholder return (*) 22.2 %
(*) Assuming full divestment at market price in Dec 2007.Source: GSELA AIFA: IRR3 in sale with taxes
MW
Energy International Division
19Investor Day GDF SUEZ – November 26, 2008
Business case: Gulf countriesContribution from capital injected* in the region
Energy International Division
* Injected capital includes cash equity bridge loans and shareholder loans
20
40
60
80
100
120
140
160
153 156
281
383
646
804 816780
702
0
100
200
300
400
500
600
700
800
900
2004 2005 2006 2007 2008 2009 2010 2011 2012
$m
0
714
2829
70
79 77
98
140
Al Dur
RLC
Shuweihat 2
AL HIDD
MARAFIQ
B2/RUSSAIL
GTTPC
AL EZZEL
SOHAR
UPC
Cash from operation
21Investor Day GDF SUEZ – November 26, 2008
Energy France Business Line
Gaz de FranceGaz de FranceSUEZSUEZ
Energy Supplyand Services
Energy Supplyand Services InfrastructuresInfrastructures
Energy France Business LineEnergy France Business Line
SUEZEnergy Europe
SUEZEnergy Europe
SUEZEnergy
International
SUEZEnergy
International
SUEZEnergy
Services
SUEZEnergy
Services
SUEZEnviron-nement
SUEZEnviron-nement
Exploration -ProductionExploration -Production
Purchase and sales of energy
Purchase and sales of energy
ServicesServicesTransmis-
sionStorage
Transmis-sion
Storage
Distribution- France
Distribution- France
Transmis-sion and
Distribution -
International
Transmis-sion and
Distribution -
International
Gas and electricity supply
to BtoB and BtoCcustomers
Power production
Energy servicesfor individual
customers
Gas and electricity supply
to BtoB and BtoCcustomers
Power production
Energy servicesfor individual
customers
Div
isio
n
FranceFrance
Energy France Business Line
Seg
men
ts
22Investor Day GDF SUEZ – November 26, 2008
New segmentation
The Business line comprises:
• Entities that were formerly part of Gaz de France's Energy Purchases/Sales segment
– the Upstream Electricity Division, excluding electrical assets abroad (power plants in Teesside (938 MW) and Shotton (215 MW) in the UK and Cartagena (1,200 MW) in Spain)which were transfered to the Energy Europe and International Business Line - Europe Division
– the Sales Division
– the client services activities (Savelys, Solfea)
• Electrabel France and SUEZ Group's shareholdings in CNR (49.9%), SHEM (99.7%), La Compagnie du Vent (56.8%) and Great (100%)
It is now comprised of five business units:
• Electricity production
• Energy management - France
• Supply of BtoB customers
• Supply of BtoC customers
• Energy services for individual customers
Energy France Business Line
23Investor Day GDF SUEZ – November 26, 2008
Electricity Production BURoles and key figures
Targeting operational excellence in using the unit's current assetsand expanding production capacities to reach 10 GW by 2013
0.0
2.0
4.0
6.0
8.0
10.0
12.0
2008 2009 2010 2011 2012 2013
Solar
Wind
Hydro
Thermal
Nuclear
Energy France Business Line
24Investor Day GDF SUEZ – November 26, 2008
Electricity Production BUA leading player in renewable energy in France
GDF SUEZ owns the largest installedfleet in France
• 337 MW in operation as at 30 Sept. 2008, i.e.market share of about 10%
• 395 MW in construction or for which a non recourse building permit has been obtained
GDF SUEZ owns a rich, diversified development portfolio
• over 8 GW in wind energy developmentallowing to reach 2 to 3 GW capacity by 2013
• about 150 MW in solar energy development
La Haute Lys (100%)
38 MW in operation
Nass & Wind (100%)
34 MW in operation(o/w 6 MW forNass & Wind)90 MW in construction
Great (100%)
10 MW in operation
Maia Eolis (49%)
78 MW in operation72 MW in construction
Erelia (95%)
68 MW in operation92 MW in construction
CNR (49.9%)
73 MW in operation53 MW in construction
La Compagnie du Vent (56%)
105 MW in operation125 MW in construction
Energy France Business Line
25Investor Day GDF SUEZ – November 26, 2008
Energy Management France BURoles and key figures
Optimize upstream electrical portfolio of the Group in France
Manage the supply of gas and electricity for the business line
Key figures (est. 2008)
• 300 TWh of gas supplied
• 30 TWh of electricity supplied (own production, contracts and market)
Outlook: contribute to the performance of the Energy France Business Line targeting operational excellence and valuing a diversified upstream portfolio
Energy France Business Line
26Investor Day GDF SUEZ – November 26, 2008
Supply of BtoB customers BURoles and key figures
Selling gas, electricity and services to business customersand local communities.
Key figures
• About 1,100 employees
• 150 TWh of gas sold to 260,000 different sites in 2007
• 9 TWh of electricity sold to 110,000 different sites in 2007
• Well-known brands including Provalys and Energies Communes
Outlook
• Sustain our leadership in the supply of natural gas
• Expand sales of electricity and energy-related services to meet customers’requirements
Energy France Business Line
27Investor Day GDF SUEZ – November 26, 2008
BtoC Sales BURoles and key figures
Selling energy and energy-related services to individualand professional customers
Key figures• About 2,500 employees • 139 TWh of gas sold to 10.7 million customers in 2007• As at 30 September 2008
– 10.1 million individual gas customers, 400,000 of which chose to pay market prices; 300,000 individual electricity customers
– 300,000 professional gas customers, 80,000 of which chose to pay market prices; 80,000 professional electricity customers
• A network of 3,500 partners
Outlook• Sustain our leadership in natural gas supply• Electricity market share: 20% in the medium term, depending on market
conditions
Energy France Business Line
28Investor Day GDF SUEZ – November 26, 2008
Volumes sold
In TWh
Natural gas sales 2007 H1 2008Public Distribution 125 75Market offering 0 1
BtoC customers 125 76
Public Distribution 96 52Subscription tariff 24 13Market offering 44 25
BtoB customers 164* 90
Total 289 166
Energy France Business Line
* o/w 14 TWh sold by BtoC BU
Electricity sales 2007 H1 2008
Sales to customers 18 9
Market sales 13 10
Total 31 19
29Investor Day GDF SUEZ – November 26, 2008
Market share in terms of gas consumptionfor France as at 30 June 2008Breakdown by type of offer
Source: French energy regulation commission, French observatory of the electricity and gas markets, H1 2008
Historic suppliers: include Gaz de France, Tegaz, local distribution companies and their subsidiaries.A historic supplier is not considered as an alternative supplier outside of its historic service area.
14%
29%
9% 1%
30%
55%
28%
3%
56%
16%
63%
96%
All sites(517 TWh)
Non-residential sitesTransport (170 TWh)
Non-residential sitesDistribution (205 TWh)
Residential sites(142 TWh)
Alternative suppliers - market price Historic suppliers - market price Contracts under regulated tariffs
Energy France Business Line
30Investor Day GDF SUEZ – November 26, 2008
A more favourable climate in Q3 2008than in Q3 2007Climate correction* in France
COLDER
WARMER
AVG. CLIMATE
* Distribution area: France
In TWh
Energy France Business Line
-25.3
H1 2007
10.7
H2 2007
H1 2008
-7.7
1.2
Q3 2008
31Investor Day GDF SUEZ – November 26, 2008
Energy services for individual customers BURoles and key figures
Providing individual customers with eco-comfort solutions in their homes, integrating Renewable Energy solutions, and carrying out works associated with the thermal renovation of developed areasKey figures• Solfea bank
– 15,000 partner companies (business providers) – 2/3 of loans issued are eco-loans for sustainable development or energy saving projects – 50,000 loan applications per year – 171,000 active clients – 76 employees
• Savelys– 1.5 million individual heating systems under contract – No. 1 in heating system maintenance/repairs in France; No. 2 in Europe – 4,200 employees – 250 branches and satellite centres– 90% residential, 10% service sector and merchants – Breakdown of clientele: 47% individual customers, 47% group customers (public and private sectors),
6% small group heating systems (public and private sectors) – 7 training centres to prepare 400 new heating system maintenance/repair professionals per year
• Climasave– Specializing in the renovation of energy systems based on renewable energies
(heat pumps, photovoltaic energy, solar thermal energy, etc.)
Energy France Business Line
32Investor Day GDF SUEZ – November 26, 2008
Consolidation scope: Subsidiaries (1/2)
Subsidiaries and drawing rights
• Electricity Production BU(1) and Energy Management France BU(2)
� DK6, 100%,Fully consolidated
� Cycofos, 100%,Fully consolidated
� Combigolfe, 100%,Fully consolidated
� SPEM, 100%,Fully consolidated
� Fraganlys, 100%,Fully consolidated
� CNR, 49.98%,Fully consolidated
� SHEM, 99.62%,Fully consolidated
� Maïa Eolis, 49%, Partially consolidated
� Erelia, 95%, Fully consolidated
� Nass&Wind, 100%, Fully consolidated
� Haute Lys, 100%, Fully consolidated
� LCV(3), 56.8%, Fully consolidated
� GREAT, 100%, Fully consolidated
� CN'AIR, 49.98%, Fully consolidated
� GDF Futures Energies, 100%,Fully consolidated
Thermal energy department Hydraulic energy dept Renewable Energies dept
Energy France Business Line
(1) in its capacity as fleet operator(2) in its capacity as optimiser of capacity output(3) La Compagnie du Vent(4) contractually guaranteed power: 377 MWe
� Chooz B, 650 MWe
� Tricastin, 458 MWe(4)
Drawing rights
33Investor Day GDF SUEZ – November 26, 2008
Consolidation scope: Subsidiaries (2/2)
Subsidiaries
� Electrabel France(1), 100%,Fully consolidated
� CNR(1), 49.98%,Fully consolidated
� Énergie du Rhône, 100%,Fully consolidated
� Savelys Group, 100%,Fully consolidated
� Banque Solféa, 54.72%,Partially consolidated
� Climasave Group, 100%,Fully consolidated
Consolidatedin H2 2008
Supply of BtoB customers BU
Energy services for individual customers BU
Energy France Business Line
(1) as regards their sales activities