ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Utilities

Sembcorp Industries Ltd.

Company Background

One of Singapore's biggest conglomerates, Sembcorp Industries has three core businesses: marine, utility and urban development. The marine and offshore business is conducted by publicly-listed subsidiary Sembcorp Marine, whose jack-up rigs and other platforms are used in major offshore oil production sites all over the world. At the west tip of Singapore, a major development to consolidate all existing shipyards to form one large-scale facility, dubbed Sembmarine Integrated Yard @ Tuas, is underway.

In the urban development business, Sembcorp is playing a key role in several government-led industrial park development projects in Vietnam and China. The utility business, which ranges from gas to power generation to water processing, was accelerated by current Group President and CEO Tang Kin Fei. Joining Sembawang Corp., the predecessor to Sembcorp, in 1987, Tang reached the top post in 2005. With Tang at the helm, the company won the bid for a water desalination and power plant project in the United Arab Emirates in 2006, its first key project in the Middle East in this area. Temasek Holdings is the largest shareholder of the company, with about 50% ownership.

Business Summary

Sembcorp Industries Ltd. is an investment holding company, which engages in the production and supply of utilities services, terminalling and storage of petroleum products and chemicals. It operates through the following four segments: Energy, Marine, Urban and Others/Corporate. The Energy segment involves in providing energy to industrial and municipal customers. The Marine segment provides integrated solutions for the offshore and marine industry, which include rigs and floaters; repairs and upgrades; offshore platforms; and specialized shipbuilding. The Urban segment owns, develops, markets and manages industrial parks as well as business, commercial, and residential space in Asia. The Others/Corporate segment comprises businesses mainly relating to minting, design and construction activities, offshore engineering and others. The company was founded on May 20, 1998 and is headquartered in Singapore.

Financial Highlights

Dec 2020 SGDUSD
Revenue5,447M3,948.85M
Gross Profit856M620.56M
Operating income518M375.52M
Income before tax-22M-15.94M
Net income140M101.49M
EBITDA963M698.13M
Diluted EPS-0.56-0.41
Dividends Per Share0.040.02
Total Assets13,562M10,261.41M
Total liabilities10,082M7,628.34M
Total equity3,339M2,526.38M
Operating cash flow-576M-417.57M
Currency in SGDCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 7,907.04M 9,026M 11,689M 6,735M 5,447M
Gross Profit 1,088.19M 1,230M 911M 1,135M 856M
Operating income 739.10M 864M 550M 779M 518M
Income before tax 412.31M 447M 246M 262M -22M
Net income 355.87M 340M 304M 269M 140M
EBITDA 1,198.67M 1,440M 1,148M 1,217M 963M
Diluted EPS 0.19 0.18 0.16 0.11 -0.56
Dividends Per Share 0.08 0.05 0.04 0.05 0.04
Total Assets 22,290.23M 23,745M 23,321M 23,252M 13,562M
Total liabilities 14,928.63M 16,571M 16,180M 16,172M 10,082M
Total equity 5,898.32M 5,941M 5,987M 6,070M 3,339M
Operating cash flow 549.60M 432M 249M 730M -576M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 5,727.05M 6,538.31M 8,662.98M 4,936.96M 3,948.85M
Gross Profit 788.17M 890.99M 675.16M 831.99M 620.56M
Operating income 535.33M 625.87M 407.61M 571.03M 375.52M
Income before tax 298.64M 323.80M 182.31M 192.05M -15.94M
Net income 257.76M 246.29M 225.30M 197.18M 101.49M
EBITDA 868.19M 1,043.11M 850.80M 892.09M 698.13M
Diluted EPS 0.14 0.13 0.12 0.08 -0.41
Dividends Per Share 0.05 0.03 0.02 0.03 0.02
Total Assets 15,428.97M 17,767.88M 17,110.05M 17,292.23M 10,261.41M
Total liabilities 10,333.37M 12,399.72M 11,870.87M 12,026.92M 7,628.34M
Total equity 4,082.73M 4,445.52M 4,392.51M 4,514.18M 2,526.38M
Operating cash flow 398.07M 312.93M 184.53M 535.11M -417.57M

Valuation Measures

Dec 2020
PER--
ROA0.76%
ROE2.97%
Operating margin9.50%
Profit margin2.57%

Key executives

  • Group President, CEO & Director: Kim Yin Wong
  • Group Chief Financial Officer: Chee Mun Cheng
  • EVP & Head-Group Centre of Excellence: Cheng Guan Tan
  • Senior Vice President & Head-Group Legal: Aeron Hong
  • Chief Executive Officer-Development: Kelvin Teo

Shareholders

  • Temasek Holdings Pte Ltd. (Investment Company) (49.3%)
  • Dimensional Fund Advisors LP (1.2%)
  • The Vanguard Group, Inc. (1.1%)
  • ARGA Investment Management LP (1.1%)
  • Norges Bank Investment Management (0.8%)
  • BlackRock Fund Advisors (0.6%)
  • PineBridge Investments Asia Ltd. (0.5%)
  • Aberdeen Standard Investments (Asia) Ltd. (0.3%)
  • State Street Global Advisors Singapore Ltd. (0.2%)
  • TANG KIN FEI (0.2%)

Contact Details

  • Website:http://www.sembcorp.com
  • Address: 30 Hill Street, No. 05-04, Singapore, 179360, Singapore
  • Phone: +65.6723.3113

Related Companies

  • Sembcorp Industries Ltd. /Subsidiaries 2/
  • Sembcorp Myingyan Power Co. Ltd.
  • Repono Interco Ltd.
  • Sembcorp Xinmin Water Co. Ltd.
  • Sembcorp Properties (China) Pte Ltd.
  • Sembcorp Myingyan Power Company (Singapore) Pte Ltd.
  • Singapore Precision Industries Pte Ltd.
  • Nanjing Riverside Quay Co., Ltd.
  • Singapore Technologies Industrial Corp. Ltd.
  • Sembcorp India Pvt Ltd.
  • Singapore Intelligent Eco Island Development Pte Ltd.
  • Sembcorp Utilities (Netherlands) NV
  • China Water Co. Yancheng Ltd.
  • Sembcorp Holdings Ltd.
  • Sembcorp Utilities (Chile) SA
  • Sembcorp (China) Holding Co. Ltd.
  • Sembcorp Development Indonesia Pte Ltd.
  • AES Hulunbeier Wind Power Co. Pte Ltd.
  • AES Huanghua Pte Ltd.
  • Pulau Holdings Pte Ltd.
  • UK Power Reserve Ltd.
  • Sembcorp Gulf O&M Co. Ltd. FFZ
  • Sembcorp Development Ltd.
  • SembCorp Financial Services Pte Ltd.
  • Sembcorp Construction Pte Ltd.
  • Sembawang Corp. Ltd.
  • Sembawang Nominees Pte Ltd.
  • Sembcorp Parks Holdings Ltd.
  • Singapore-Wuxi Investment Holdings Pte Ltd.
  • Sembcorp Environment Pte Ltd.

Competitors

  • Veolia Environnement SA
  • Huaneng Power International, Inc. Class H
Last Updated on 27 Oct, 2021

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends October 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more