Slide 1: FY 2009 Results Briefing
FY 2009 Results Briefing 1 March 2010
Slide 2: Baker Tech Business Structure
Baker Tech Business Structure Baker Technology Limited Marine Offshore Investments Corporate York Transport 49% Equipment (Asia) Pte Sea Deep Shipyard Pte. Ltd. Ltd PPL Holdings Pte Ltd Baker Tech, a leading manufacturer and provider of specialised equipment and services for the oil & gas industry.
Slide 3: Sea Deep Shipyard
Sea Deep Shipyard • A niche manufacturer of highly specialised equipment and components for use on drilling rigs in the offshore environment. Also provides repairs and refurbishment for such equipment. • Customers comprise mainly of national oil companies and major rig builders in China, Singapore a
Slide 4: PPL Shipyard Pte Ltd
PPL Shipyard Pte Ltd • Baker Tech holds a 15%* stake in PPL Shipyard via its wholly-owned subsidiary PPL Holdings. • PPL Shipyard specialises in the design and construction of offshore drilling rigs and is one of the largest builder of jack-up rig in the world. • Its proprietary Pacific Class 375 ja
Slide 5: York Transport Equipment (Asia)
York Transport Equipment (Asia) • Baker Tech holds a 49% interest* in York which manufactures trailer axles, assembles trailer suspension kits and distributes a wide range of truck/ trailer components • Market leader in Asia, Africa and Australia • Current production based in Singapore, Australia an
Slide 6: Financial Performance
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Slide 7: 4Q FY09 Financial Performance
4Q FY09 Financial Performance 4Q FY09 4Q FY08 % Change Y/E 31 Dec (S$ million) (S$ million) Revenue 15.6 31.5 51% Gross Profit 13.9 11.8 18% Profit before Tax 10.3 9.0 15% Profit after Tax 8.4 6.9 23% EPS (cents)^ 1.28 1.09 17% Fully Diluted EPS+ (cents) 1.28 1.05 22% ^Based on weighted average numb
Slide 8: FY09 Financial Performance
FY09 Financial Performance FY09 FY08 % Change Y/E 31 Dec (S$ million) (S$ million) Revenue 79.2 74.4 7% Gross Profit 51.3 22.0 134% Profit before Tax 46.1 22.5 105% Profit after Tax 38.6 18.8 105% EPS (cents)^ 6.03 2.98 102% Fully Diluted EPS+ (cents) 6.03 2.87 110% NAV per share (cents) 15.2 9.6 58
Slide 9: Revenue Breakdown by Geographical Area
Revenue Breakdown by Geographical Area FY 2008 FY 2009 Asia Middle East Pacific* 1% 22% Middle East Others Asia Pacific* 2% 9% <1% 48% 30% China Singapore 53% China 36% Singapore *excluding China and Singapore
Slide 10: Revenue Breakdown by Product
Revenue Breakdown by Product FY2008 FY2009 1.0% 65.0% 1.0% 61.0% 34.0% Crane & Skidding System Jacking System and Specialised Steel Structures Others 38.0% Crane & Skidding System Jacking System and Specialised Steel Structures Others
Slide 11: Positive Free Cash Flow
Positive Free Cash Flow As 31 Dec 09 As 31 Dec 08 (S$ million) (S$ million) Net Operating Cash Flows 39.7 27.4 Net Investing Cash Flows 5.3 (18.1) Free Cash Flows 45.0 9.3
Slide 12: Robust Balance Sheet
Robust Balance Sheet As at 31 Dec 2009 As at 31 Dec 2008 (S$ million) (S$ million) Current Assets 101.6 87.9 Current Liabilities 31.8 59.4 Total Assets 131.5 120.1 Total Liabilities 32.0 59.6 Shareholders Equity 99.5 60.5 Gearing 0% 0% Available Cash 76.4 31.1 ROE : 39% Cash Per Share: 0.12 cents Pr
Slide 13: Outlook
Outlook • Outlook has improved with stabilising oil prices and continued economic recovery. – New orders in the pipeline – Increase in enquiries from traditional markets • FY2010 will be profitable but hard to beat FY2009 – Positive contributions from Sea Deep – Positive contributions from Investmen
Slide 14: Growth Strategy
Growth Strategy Develop New and Forge Global Innovative Products Partnerships Growth Strategy Acquire Value Penetrate New Accretive Assets Markets
Slide 15: Q&A
Q&A Disclaimer This presentation and pertaining discussions may contain statements that are forward looking with regards to the business & future performance of Baker Technology Limited and its subsidiaries. These statements reflect Baker Tech’s current views, assumptions and projections based on, b