Earnings Call Summary | SUBSEA 7 S.A. ADR EACH REPR 1 COM SPON(SUBCY.US) Q2 2024 Earnings Conference
Earnings Call Summary | SUBSEA 7 S.A. ADR EACH REPR 1 COM SPON(SUBCY.US) Q2 2024 Earnings Conference
Q2 revenue rose to $1.7 billion, up 15%, driven by Subsea and Conventional units.The following is a summary of the Subsea 7 S.A. (SUBCY) Q2 2024 Earnings Call Transcript:
以下是Subsea 7 S.A. (SUBCY) Q2 2024业绩会简报摘要:
Financial Performance:
金融业绩：
Q2 adjusted EBITDA was $292 million, up 80% year-over-year with a margin of 17%.
Q2 revenue rose to $1.7 billion, up 15%, driven by Subsea and Conventional units.
Q2调整后的EBITDA为2.92亿美元，同比增长80%，利润率为17%。
Q2营业收入达到17亿美元，同比增长15%，受Subsea和常规业务部门的推动。
Business Progress:
业务进展：
Completed the Gas to Energy project in Guyana ahead of schedule using Seven Borealis.
Investing in new assets like the 250-tonne crane class vessel, renamed Seven Merlin.
提前使用Seven Borealis完成了盖亚那的燃气清洁能源项目。
投资于新的资产，如250吨起重级别的船舶，更名为Seven Merlin。
Opportunity:
机会：
Tender pipeline at $21 billion signals robust outlook for Subsea, Renewable segments.
Engaging in bids for major offshore wind projects in Europe and the U.S.
$210亿的投标管道预示着Subsea和可再生能源部门的强劲前景。
正在为欧洲和美国的重大海上风电项目竞标。
Risk:
风险：
Geopolitical and financial market uncertainties could impact project financing.
Currency fluctuations could affect net finance costs and profitability.
地缘政治和金融市场不确定性可能会影响项目融资。
货币波动可能会影响净财务成本和盈利能力。
Financial Performance:
金融业绩：
Subsea 7 reported a Q2 adjusted EBITDA of $292 million, a 80% increase year-over-year with a margin of 17%.
Revenue increased to $1.7 billion, up 15% compared to Q2 2023, primarily driven by Subsea and Conventional business units.
Net income for Q2 was $63 million compared to $14 million in the same period last year.
Order intake reached $4 billion due to new awards in multiple regions with a book-to-bill ratio of 2.3x for the quarter.
The backlog by the end of the the first half was a record $12.5 billion, providing good visibility into future revenue.
Subsea 7报告Q2调整后的EBITDA为2.92亿美元，同比增长80%，利润率为17%。
营业收入为17亿美元，同比增长15%，相比Q2 2023，主要受Subsea和常规业务部门推动。
Q2净利润为6300万美元，去年同期为1400万美元。
由于多个地区新合同的签订，订单总额达到了40亿美元，季度的订单与销售比率为2.3倍。
上半年结束时，积压订单创下了125亿美元的记录，为未来的营收提供了良好的可见性。
Business Progress:
业务进展：
Subsea 7 has successfully completed projects, such as the Gas to Energy project in Guyana, ahead of schedule using the Seven Borealis ship.
Focused on selective tendering in the renewables sector to maintain margins and returns.
Investments in new assets like the 250-tonne crane class construction vessel, renamed Seven Merlin, to support future projects.
Developed enabling products to optimize field development and performance such as specialized, corrosion-resistant rigid pipelines and optimized pipeline bundles.
Subsea 7已成功完成了项目，如使用Seven Borealis船舶提前完成的盖亚那燃气转能项目。
专注于在可再生能源领域进行有选择的投标，以保持利润率和回报率。
投资于新的资产，如250吨起重级别的建造船舶，更名为Seven Merlin，以支持未来项目。
开发了能够优化现场开发和性能的产品，如耐腐蚀的刚性管道和优化的管道束。
Opportunities:
机会：
Continued positive outlook for the Subsea and Renewable segments, supported by a robust tendering pipeline valued over $21 billion.
Expansion in emerging geographic markets like Brazil and through new energy projects in Guyana.
Engagement in bidding activities for significant offshore wind projects in Europe and the U.S.
Strategic investments in new vessels and technology to enhance operational efficiency.
Subsea和可再生能源部门的未来前景继续保持积极态势，得益于价值超过$210亿的强劲投标管道的支持。
在巴西等新兴地理市场扩张，并通过盖亚那的新能源项目进一步扩大。
参与在欧洲和美国重要离岸风电项目的招投标活动。
战略性投资于新船只和科技以提高运营效率。
Risks:
风险：
Geopolitical and financial market uncertainties which may affect project financing and execution.
Fluctuations in currency which can impact net finance costs and overall profitability.
地缘政治和金融市场的不确定性可能会影响项目融资和执行。
货币波动可能会影响净财务成本和整体盈利能力。
More details: SUBSEA 7 S.A. ADR EACH REPR 1 COM SPON IR
更多细节：SUBSEA 7.S.A.ADR EACH REPR 1 COM SPON IR
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：本文由AI生成。文章内容的准确性无法完全保证。有关更全面的详细信息，请参阅IR网站。本文只是为投资者提供参考，没有任何指导或推荐建议。
