Company Profile
Company Profile COMPANY
Auditing company *
ISIN
SARAS
Pricewaterhousecoopers www.pwc.com
BLOOMBERG
SRS IM
REUTERS
SRS.MI
S.S. Sulcitana n.195 - Km 19° 09018 Sarroch
The Saras Group, whose operations were started by Angelo Moratti in 1962, has approximately 2,200 employees and total revenues of about 8.6 billion Euros as of 31st December 2010. The Group is active in the energy sector, and is a leading Italian and European crude oil refiner. It sells and distributes petroleum products in the domestic and international markets, directly and through the subsidiaries Saras Energia S.A. (in Spain) and Arcola Petrolifera S.p.A. (in Italy). The Group also operates in the electric power production and sale, through the subsidiaries Sarlux S.r.l. and Parchi Eolici Ulassai S.r.l. (PEU). In addition, the Group provides industrial engineering and scientific research services to the oil, energy and environment sectors through the subsidiary Sartec S.p.A., and it operates in the information services sector through the subsidiary Akhela S.r.l..
C.R.(2)
BOARD MEMBERS
C.C.I.(1)
Independent
Non executive
Esecutive
CORPORATE GOVERNANCE * (CG)
Gian Marco Moratti
TOP MANAGEMENT Gian Marco Moratti
Chairman
Chairman
Massimo Moratti
Massimo Moratti
Chief Executive Officer
Massimo Vacca E-mail:[email protected] Tel.:+39 02 7737642 - Fax:+39 02 7737338
Total Sales Ebitda Ebitda margin Ebit Ebit Margin Ebt Ebt margin Net Result E-Margin
First-Half Results 30/06/11 30/06/10 5,310.00 4,065.00 188.50 41.70 3.55% 1.03% 83.10 -60.10 1.57% -1.48% 12.60 -48.50 0.24% -1.19% -4.90 -27.40 -0.09% -0.67%
Var % '11 vs '10 30.63% 352.04%
Annual Results 31/12/10 31/12/09 8,615.00 5,316.59 149.20 141.20 1.73% 2.66% -58.10 -51.90 -0.67% -0.98% -88.00 -86.00 -1.02% -1.62% -43.90 -54.50 -0.51% -1.03%
Net Financial Debt / (Cash) Net Equity Capital Employed
First-Half Results 30/06/11 30/06/10 527.00 567.00 1,304.22 1,240.43 1,831.22 1,807.43
Var % '11 vs '10 -7.06% 5.14% 1.32%
Annual Results 31/12/10 31/12/09 560.00 533.00 1,220.39 1,227.99 1,780.38 1,760.99
Angelo Moratti
Vice-Chairman
Vice Chairman
Dario Scaffardi
Dario Scaffardi
Board member
General Manager
Angelomario Moratti
Corrado Costanzo
Board member Director
Chief Financial Officer; Financial Director, Saras Group Controller
Gabriele Previati
Giuseppe Citterio
Gabriele Moratti Board member
Margin Management Director
Gilberto Callera
Franco Ballerini
Source: company data. The year-end closing is at December, 31. Values are expressed in Million Euro.EBITDA and EBIT: calulated evaluating inventories at LIFO NET INCOME: reported net income +/-(inventories at LIFO-inventories at FIFO) net of taxes +/- non recurring items net of taxes +/- change in derivatives fair value net of taxes. IFRS compliant.
Administrative Director and Arcola Petrolifera CEO
Board member
Mario Greco
Super sector OIL & GAS
KEY FIGURES * €m
Chief Executive Officer
Angelo Moratti
Industry OIL & GAS
Investor relations *
Tel.: 07090911 Fax: 070900209 www.saras.it
SHARE ANALYSIS
Vincenzo Greco
Board member
Asset Management Director
Giancarlo Cerutti
Number of shares outstanding Ordinary Nominal value (€)
Fernando Ferri
Board member
IT0000433307
Human Resources Director and Sartec Chairman
Francesco Marini Operations Management Director
Last Divid. (€) 0.170
Ordinary
Stefano Filucchi
Quantity 951,000,000 951,000,000
Capitalis. (€ m) 1,188.27 1,188.27 --.-Detach Date 18/05/2009
Public Affairs and Communication
Enrico Padova General Counsel
Piercarlo Ravasio Akhela CEO
Giampiero Spanedda Saras Energia CEO
(1): Internal Control Committee (2): Compensation Committee (3): Nomination Committee (CG) Corporate Governance: Traditional Model
SHAREHOLDERS *
Last price
Ord
Performance
Ord
31/08/2011
1.25
-2Y
-48.18%
-2Y
INDEX ITMC -16.44%
Relative perf.
Price range (-2y)
Ord
-1Y
-6.81%
-1Y
-8.95%
2.14%
MAX
2.67
-3M
-26.60%
-3M
-16.75%
-9.85%
MIN
1.02
-1M
-13.20%
-1M
-6.08%
-7.13%
-31.73%
BOSTON COMPANY: 2.08%
TURNOVER AND VOLATILITY - STATISTICS FROM 03/01/2011 TO31/08/2011
SARAS S.P.A.: 2.44% ASSICURAZIONI GENERALI SPA: 4.96% ANGELO MORATTI SAPA: 62.50%
Turn over Total(€) Daily average(€)
766,222,670 4,507,192
Number of shares traded Source: COMPANY. Update: 01/09/2011
Total Daily average
453,631,010 2,668,418
Number of trades Total Daily average
227,645 1,339
A
Volatility
39.25%
A
Turnover velocity
71.83%
Source: Borsa Italiana. Data refer to the ordinary shares.
OTHER LISTED INTRUMENTS ON BIT MARKET IDEM STOCK FUTURES
SECURITISED DERIVATIVES
WARRANTS
STOCK OPTIONS
LISTED BONDS
ANALYST REPORTS Analyst reports from www.borsaitaliana.it: Merrill Lynch (16/05/2011) Merrill Lynch (13/05/2011) Merrill Lynch (28/03/2011) Goldman Sachs (28/02/2011) Merrill Lynch (26/11/2010) * The above information has been provided and updated by the issuing company
Auditing company *
ISIN
SARAS
Pricewaterhousecoopers www.pwc.com
BLOOMBERG
SRS IM
REUTERS
SRS.MI
S.S. Sulcitana n.195 - Km 19° 09018 Sarroch
The Saras Group, whose operations were started by Angelo Moratti in 1962, has approximately 2,200 employees and total revenues of about 8.6 billion Euros as of 31st December 2010. The Group is active in the energy sector, and is a leading Italian and European crude oil refiner. It sells and distributes petroleum products in the domestic and international markets, directly and through the subsidiaries Saras Energia S.A. (in Spain) and Arcola Petrolifera S.p.A. (in Italy). The Group also operates in the electric power production and sale, through the subsidiaries Sarlux S.r.l. and Parchi Eolici Ulassai S.r.l. (PEU). In addition, the Group provides industrial engineering and scientific research services to the oil, energy and environment sectors through the subsidiary Sartec S.p.A., and it operates in the information services sector through the subsidiary Akhela S.r.l..
C.R.(2)
BOARD MEMBERS
C.C.I.(1)
Independent
Non executive
Esecutive
CORPORATE GOVERNANCE * (CG)
Gian Marco Moratti
TOP MANAGEMENT Gian Marco Moratti
Chairman
Chairman
Massimo Moratti
Massimo Moratti
Chief Executive Officer
Massimo Vacca E-mail:[email protected] Tel.:+39 02 7737642 - Fax:+39 02 7737338
Total Sales Ebitda Ebitda margin Ebit Ebit Margin Ebt Ebt margin Net Result E-Margin
First-Half Results 30/06/11 30/06/10 5,310.00 4,065.00 188.50 41.70 3.55% 1.03% 83.10 -60.10 1.57% -1.48% 12.60 -48.50 0.24% -1.19% -4.90 -27.40 -0.09% -0.67%
Var % '11 vs '10 30.63% 352.04%
Annual Results 31/12/10 31/12/09 8,615.00 5,316.59 149.20 141.20 1.73% 2.66% -58.10 -51.90 -0.67% -0.98% -88.00 -86.00 -1.02% -1.62% -43.90 -54.50 -0.51% -1.03%
Net Financial Debt / (Cash) Net Equity Capital Employed
First-Half Results 30/06/11 30/06/10 527.00 567.00 1,304.22 1,240.43 1,831.22 1,807.43
Var % '11 vs '10 -7.06% 5.14% 1.32%
Annual Results 31/12/10 31/12/09 560.00 533.00 1,220.39 1,227.99 1,780.38 1,760.99
Angelo Moratti
Vice-Chairman
Vice Chairman
Dario Scaffardi
Dario Scaffardi
Board member
General Manager
Angelomario Moratti
Corrado Costanzo
Board member Director
Chief Financial Officer; Financial Director, Saras Group Controller
Gabriele Previati
Giuseppe Citterio
Gabriele Moratti Board member
Margin Management Director
Gilberto Callera
Franco Ballerini
Source: company data. The year-end closing is at December, 31. Values are expressed in Million Euro.EBITDA and EBIT: calulated evaluating inventories at LIFO NET INCOME: reported net income +/-(inventories at LIFO-inventories at FIFO) net of taxes +/- non recurring items net of taxes +/- change in derivatives fair value net of taxes. IFRS compliant.
Administrative Director and Arcola Petrolifera CEO
Board member
Mario Greco
Super sector OIL & GAS
KEY FIGURES * €m
Chief Executive Officer
Angelo Moratti
Industry OIL & GAS
Investor relations *
Tel.: 07090911 Fax: 070900209 www.saras.it
SHARE ANALYSIS
Vincenzo Greco
Board member
Asset Management Director
Giancarlo Cerutti
Number of shares outstanding Ordinary Nominal value (€)
Fernando Ferri
Board member
IT0000433307
Human Resources Director and Sartec Chairman
Francesco Marini Operations Management Director
Last Divid. (€) 0.170
Ordinary
Stefano Filucchi
Quantity 951,000,000 951,000,000
Capitalis. (€ m) 1,188.27 1,188.27 --.-Detach Date 18/05/2009
Public Affairs and Communication
Enrico Padova General Counsel
Piercarlo Ravasio Akhela CEO
Giampiero Spanedda Saras Energia CEO
(1): Internal Control Committee (2): Compensation Committee (3): Nomination Committee (CG) Corporate Governance: Traditional Model
SHAREHOLDERS *
Last price
Ord
Performance
Ord
31/08/2011
1.25
-2Y
-48.18%
-2Y
INDEX ITMC -16.44%
Relative perf.
Price range (-2y)
Ord
-1Y
-6.81%
-1Y
-8.95%
2.14%
MAX
2.67
-3M
-26.60%
-3M
-16.75%
-9.85%
MIN
1.02
-1M
-13.20%
-1M
-6.08%
-7.13%
-31.73%
BOSTON COMPANY: 2.08%
TURNOVER AND VOLATILITY - STATISTICS FROM 03/01/2011 TO31/08/2011
SARAS S.P.A.: 2.44% ASSICURAZIONI GENERALI SPA: 4.96% ANGELO MORATTI SAPA: 62.50%
Turn over Total(€) Daily average(€)
766,222,670 4,507,192
Number of shares traded Source: COMPANY. Update: 01/09/2011
Total Daily average
453,631,010 2,668,418
Number of trades Total Daily average
227,645 1,339
A
Volatility
39.25%
A
Turnover velocity
71.83%
Source: Borsa Italiana. Data refer to the ordinary shares.
OTHER LISTED INTRUMENTS ON BIT MARKET IDEM STOCK FUTURES
SECURITISED DERIVATIVES
WARRANTS
STOCK OPTIONS
LISTED BONDS
ANALYST REPORTS Analyst reports from www.borsaitaliana.it: Merrill Lynch (16/05/2011) Merrill Lynch (13/05/2011) Merrill Lynch (28/03/2011) Goldman Sachs (28/02/2011) Merrill Lynch (26/11/2010) * The above information has been provided and updated by the issuing company
