- BUILDING A GLOBAL COMPANY
- OPERATING & FINANCIAL REVIEW
- GOVERNANCE & SUSTAINABILITY
- FINANCIAL STATEMENTS
- DIRECTORS' REPORT
- STATEMENT BY DIRECTORS
- INDEPENDENT AUDITORS' REPORT
- BALANCE SHEETS
- CONSOLIDATED INCOME STATEMENT
- CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
- CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
- CONSOLIDATED STATEMENT OF CASH FLOWS
- NOTES TO THE FINANCIAL STATEMENTS
- SUPPLEMENTARY INFORMATION
- EVA STATEMENT
- SHAREHOLDERS' INFORMATION
- GOVERNANCE DISCLOSURE GUIDE
- CORPORATE INFORMATION
- NOTICE OF ANNUAL GENERAL MEETING
- PROXY FORM
- CIRCULAR TO SHAREHOLDERS
SEMBCORP AT A GLANCE
WHO WE ARE
Sembcorp Industries is a leading energy, water and marine group operating across six continents worldwide. With facilities of almost 7,900 megawatts of gross power capacity and over nine million cubic metres of water per day in operation and under development, Sembcorp is a trusted provider of essential energy and water solutions to both industrial and municipal customers. It is also a world leader in marine and offshore engineering, as well as an established brand name in urban development.

Including Corporate, contribution from Utilities, Marine, Urban Development and Other Businesses would be 51%, 42%, 6% and 5% respectively.
SEMBCORP UTILITIES
100%

Overview
• | A leading developer, owner and operator of energy and water assets with strong operational, management and technical capabilities |
• | Operations in 14 countries with an established presence in Asia and a strong growing presence in emerging markets |
• | Strong track record in generating and supplying power, steam and natural gas, and providing total water and wastewater treatment solutions for industries and water-stressed regions |
• | Global leader in the provision of energy, water and on-site logistics to multiple industrial site customers |
Utilities
FY2014 Key Figures
TURNOVER
S$4.9bn US$3.7bn
PFO
S$522m US$398m
NET PROFIT
S$408m US$311m
S$4.9bn US$3.7bn
PFO
S$522m US$398m
NET PROFIT
S$408m US$311m
SEMBCORP MARINE
61%*

Overview
• | A leading global marine & offshore engineering group, offering a full spectrum of integrated solutions from ship repair, specialised shipbuilding, ship conversion, rig building and repair to offshore engineering and construction |
• | Proven capabilities in managing complex turnkey projects, and delivering timely and innovative solutions |
• | Global network of yards strategically located in Singapore, Brazil, Indonesia, India, the UK and China |
• | Development and ownership of proprietary designs and technology for rigs, drillships, as well as floating production and drilling solutions |
Marine
FY2014 Key Figures**
TURNOVER
S$5.8bn US$4.4bn
PFO
S$718m US$548m
NET PROFIT
S$560m US$427m
S$5.8bn US$4.4bn
PFO
S$718m US$548m
NET PROFIT
S$560m US$427m
SEMBCORP DEVELOPMENT
100%

Overview
• | Over 20 years’ track record in undertaking master planning, land preparation and infrastructure development to transform raw land into urban developments |
• | Significant land bank of integrated urban developments comprising industrial parks as well as business, commercial and residential space in Vietnam, China and Indonesia |
• | A valued partner to governments, with the ability to deliver the economic engine to support industrialisation and urbanisation by attracting local and international investments |
Urban Development
FY2014 Key Figures
TURNOVER
S$7.0m US$5.3m
PFO
S$47m US$36m
NET PROFIT
S$44m US$34m
S$7.0m US$5.3m
PFO
S$47m US$36m
NET PROFIT
S$44m US$34m
* | As at December 31, 2014. Shareholding figures are calculated based on the number of issued ordinary shares excluding treasury shares. | ** | Figures taken at Sembcorp Marine level |
HOW WE CREATE VALUE
Our Value Creation Process

Vision
To be a global company, a leader in our industry sectors by responsibly operating and excelling in sustainable businesses that support development, improve the quality of life and deliver long-term value and growth.
Mission
Vital Partners. Essential Solutions.
As a vital partner to our customers, we leverage our group strength and sector expertise to deliver essential solutions that enable them to do their business better or improve the quality of life. In partnership with our stakeholders, we build sustainable businesses that deliver long-term growth and create value for all – our customers, employees, shareholders, partners and communities in which
we operate.
Our Strategic Focus

Our Strategy at a Glance
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UTILITIES
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MARINE
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URBAN DEVELOPMENT
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WHAT GUIDES US
Our Values
At the core of how Sembcorp operates are our three values: Insight, Integrity, and Integral. Our values are translated into day-to-day action and practical behaviour through our group-wide policies and frameworks, creating within Sembcorp a common culture founded on these values.

Code of Business Conduct and Policies
We are guided by well-defined policies, frameworks and a code of business conduct, which express the high standards of behaviour and integrity that the company requires from our employees worldwide. These cover all facets of business and personal conduct across the Group, from governance, risk and compliance matters to ethics and employee conduct.
Sembcorp Core Competency Framework
Sembcorp’s core competency framework is based on our values of Insight, Integrity, and Integral and spells out the competencies and behaviours expected of a Sembcorp employee. The framework is deployed through recruitment, assessment, development and career progression, promoting transparency in what is expected of every Sembcorp employee.
Our Governance Structure
