Annual Report 2010 - SBM Offshore

Key figures
in millions of US Dollars, unless stated otherwise Note 2010 2009 2008 2007 2006
Turnover 3,055.8 2,956.5 3,060.3 2,871,2 1,989.7
New orders 4,531.9 3,739.9 4,365.5 3,822.5 4,915.7
Order portfolio at 31 December 11,501.5 10,032.3 9,246.9 7,954.6 6,992.4
RESULTS
Net profit (continuing operations) 276.0 230.0 227.9 266.8 216.3
Dividend 119.8 110.2 135.4 133.3 108.4
Operating profit (EBIT) 362.4 293.4 275.1 302.0 254.3
EBITDA 688.4 613.3 530.1 548.3 477.5
Shareholders’ equity at 31 December 2,073.2 1,802.6 1,234.7 1,333.4 1,118.7
Net debt 1,711.1 1,464.0 1,464.0 874.7 585.8
Cash flow 602.0 549.8 482.9 513.1 439.6
Capital expenditure 519.0 656.0 999.8 551.3 309.0
Depreciation and amortisation 326.0 319.8 255.0 246.3 223.3
Number of employees (average) 3,787.0 3,539.0 3,263.0 2,715.0 2,356.0
Employee benefits 608.1 585.0 590.8 504.1 363.7
RATIOS (%)
Shareholders’ equity : net assets 56 57 46 58 58
Current ratio 132 91 79 115 114
Return on average capital employed 10.1 9.7 11.0 15.1 14.6
Return on average shareholders' equity 12.4 14.6 17.7 21.7 21.5
Operating profit (EBIT) : net turnover 11.9 9.9 9.0 10.5 12.8
Net profit : net turnover 9.0 7.8 7.4 9.3 10.9
Cash flow : average shareholder's equity 31 36 38 42 44
Cash flow : average capital employed 17 18 19 26 23
Net debt : total equity 81 81 118 65 52
Enterprise value/EBITDA 8.1 7.7 6.4 9.9 11.3
INFORMATION PER SHARE (US$)
Net profit
1
1.44 1.47 1.54 1.85 1.55
Dividend 0.71 0.67 0.93 0.93 0.77
Shareholders' equity at 31 December 2 12.29 10.96 8.48 9.30 7.95
Cash flow
SHARE PRICE (€)
1 3.60 3.66 3.34 3.61 3.15
- 31 December 16.77 13.78 9.35 21.60 26.05
- highest 17.16 15.30 26.77 31.52 26.45
- lowest 11.41 9.00 8.72 19.85 17.19
Price / earnings ratio 2 15.8 14.7 8.5 17.3 22.1
Number of shares issued (x 1,000) 168,668 164,460 145.614 143,324 140,716
Market capitalisation (US$ mln) 3,783.5 3,248.9 1,902.9 4,557.6 4,830.6
Turnover by volume (x 1,000) 259,924 279,932 448,354 340,769 308,840
Number of options exercised 1,328,153 604,400 759,200 1,098,040 1,319,580
Number of shares issued re stock dividend 2,628,848 4,221,744 1,300,774 1,432,296 1,606,528
Number of shares issued - 13,896,880
1 Based upon weighted average number of shares.
2 Based upon number of shares outstanding at 31 December.
Financial Review / Financial Statements 2010
SBM Offshore – Annual Report 2010 181