Transcription of Saipem 2017 Results and Strategy Update
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Saipem 2017 Results and Strategy Update
2017 Results AND Strategy UPDATEPRESENTATION6 March 20182 FORWARD-LOOKING STATEMENTSF orward-looking statements contained in this presentation regrading future events and future Results are based oncurrent expectations, estimates, forecasts and projections about the industries in which Saipem (the Company ) operates, as well as the beliefs and assumptions of the Company s forward-looking statements are only predictions and are subject to known and unknown risks, uncertainties,assumptions and other factors beyond the Company control that are difficult to predict because they relate toevents and depend on circumstances that will occur in thefuture. These include, but are not limited to: forex andinterest rate fluctuations, commodityprice volatility, credit and liquidityrisks, HSE risks, the levels of capitalexpenditure in the oil and gas industry and other sectors, political instability in areas where the Group operates,actions by competitors, success of commercial transactions, risks associated with the execution of projects(including ongoing investment projects), in addition to changes in stakeholder
4 2017: READY FOR THE FUTURE FY 2017 performance: E&C Offshore sound margins underpinned by cornerstone projects • Volumes softening in 4Q17 mainly due to shift of activities to 2018
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