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業績會簡報摘要:
Financial Performance:
金融業績：
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調整後的EBITDA爲2.92億美元，同比增長80%，利潤率爲17%。
Q2營業收入達到17億美元，同比增長15%，受Subsea和常規業務部門的推動。
Business Progress:
業務進展：
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.
利用Seven Borealis提前完成在圭亞那的燃料幣發電項目。
投資於新的資產，如250噸起重級別的船舶，更名爲Seven Merlin。
Opportunity:
機會：
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.
$210億的投標管道預示着Subsea和可再生能源部門的強勁前景。
正在爲歐洲和美國的重大海上風電項目競標。
Risk:
風險：
Geopolitical and financial market uncertainties could impact project financing.
Currency fluctuations could affect net finance costs and profitability.
地緣政治和金融市場不確定性可能會影響項目融資。
貨幣波動可能會影響淨財務成本和盈利能力。
Financial Performance:
金融業績：
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報告Q2調整後的EBITDA爲2.92億美元，同比增長80%，利潤率爲17%。
營業收入爲17億美元，同比增長15%，相比Q2 2023，主要受Subsea和常規業務部門推動。
Q2淨利潤爲6300萬美元，去年同期爲1400萬美元。
由於多個地區新合同的簽訂，訂單總額達到了40億美元，季度的訂單與銷售比率爲2.3倍。
上半年結束時，積壓訂單創下了125億美元的記錄，爲未來的營收提供了良好的可見性。
Business Progress:
業務進展：
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已成功地利用Seven Borealis船舶提前完成了項目，例如在圭亞那的燃料幣發電項目。
專注於在可再生能源領域進行有選擇的投標，以保持利潤率和回報率。
投資於新的資產，例如重達250噸的施工船Seven Merlin，以支持未來的項目。
開發了能夠優化現場開發和性能的產品，如耐腐蝕的剛性管道和優化的管道束。
Opportunities:
機會：
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和可再生能源部門的未來前景繼續保持積極態勢，得益於價值超過$210億的強勁投標管道的支持。
在巴西等新興地理市場擴張，並通過蓋亞那的新能源項目進一步擴大。
參與在歐洲和美國重要離岸風電項目的招投標活動。
戰略性投資於新船隻和科技以提高運營效率。
Risks:
風險：
Geopolitical and financial market uncertainties which may affect project financing and execution.
Fluctuations in currency which can impact net finance costs and overall profitability.
地緣政治和金融市場的不確定性可能會影響項目融資和執行。
貨幣波動可能會影響淨財務成本和整體盈利能力。
More details: SUBSEA 7 S.A. ADR EACH REPR 1 COM SPON IR
更多細節：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。文章內容的準確性無法完全保證。有關更全面的詳細信息，請參閱IR網站。本文只是爲投資者提供參考，沒有任何指導或推薦建議。
