#039;000 4Q2017 4Q2016 (%) FY2017 FY2016 (%) Revenue 20,753 18,909 10 91,537 81,921 12 Gross Profit 7,207 5,644 28 30,440 25,523 19 4.8 Gross Profit Margin 34.7% 29.9% 33.3% 31.2% 2.1 ppts ppts Net Profit after Tax 4,347 3,816 14 15,

Slide 6: Financial Review: Revenue breakdown by segment

Financial Review Revenue breakdown by segment Unaudited Unaudited Change Unaudited Unaudited Change S$ ‘000 4Q2017 4Q2016 (%) FY2017 FY2016 (%) Project Services 9,588 13,292 (28) 53,486 60,453 (12) Maintenance 11,165 5,617 99 36,664 21,468 71 Services Others - - - 1,387 - nm Total 20,753 18,909 10 9

Slide 7: Financial Review: Revenue Breakdown by Segment

Financial Review Revenue Breakdown by Segment FY2014 FY 2015 FY2016 FY2017 1.4, 2% 14.9, 21% 21.6, 27% 21.5, 26% 36.7, 40% 53.5, 58% 57.4, 79% 58.8, 73% 60.5, 74% Project Maintenance Carbon allowances • Revenue from Maintenance Services is boosted by contributions from Ensure in FY2017 7

Slide 8: Financial Review: Revenue and Profit Margin

Financial Review Revenue and Profit Margin 30 40% 34% 35% 34% 35% 25 31% 24 26.8 30% 20 20.8 19.8 25% 21% 15 20% 16% 16% 14% 15% 10 10% 5 5% 0 0% 1Q2017 2Q2017 3Q2017 4Q2017 Revenue (S#039;m) Gross Profit Margin Net Profit Margin 8

Slide 9: Financial Review: Revenue and Profit Margin

Financial Review Revenue and Profit Margin 100 33% 35% 31% 90 28% 91.5 30% 80 26% 26% 24% 80.5 81.9 70 25% 72.4 60 20% 66.2 20% 60.3 17% 50 16% 51.0 13% 15% 40 11% 30 9% 10% 8% 20 4% 5% 10 0 0% FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 Revenue (S#039;m) Gross Profit Margin Net Profit Margin 9

Slide 10: Financial Review: Net Profit

Financial Review Net Profit (S$’m) 18 16 15.3 14 12.7 12 10.5 10 7.9 8 6.1 6 4.6 4 1.8 2 0 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 10

Slide 11: Projected 10 years CAGR – for Illustrative Purposes only

Projected 10 years CAGR – for Illustrative Purposes only Target Net Profit (S$’m) 35 30 25 20 15 31.6 26.3 10 21.9 18.3 15.3 10.5 12.7 5 7.9 4.6 6.1 0 1.8 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 Actual Projected Note: CAGR projection is based on our internal targ

Slide 12: Financial Review: Balance Sheet Highlights

Financial Review Balance Sheet Highlights Unaudited as at Audited as at S#039;000 31 December 31 December 2016 2017 Current Assets (1) 99,041 72,411 Non-current Assets 52,268 39,514 Current Liabilities (2) 57,922 37,297 Non-current Liabilities 16,773 7,824 Total Equity 76,614 66,804 Cash and Cash Equiv

Slide 13: Financial Review: Borrowings and Gearing

Financial Review As at end of 26 Feb S$’000 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 2018 Total Borrowings 26,834 21,539 25,320 32,155 28,085 46,612 42,825 Cash and Cash 23,965 14,852 32,799 35,566 32,325 40,291 40,193 Equivalents Net Debt/(Cash) 2,869 6,687 (7,479) (3,411) (4,240) 6,321 2,632 Net

Slide 14: Financial Review: Order Book Summary

Financial Review Order Book Summary (S$’m) 60 56.4 50.4 50 39.7 39.2 40 30 30.9 30 21.6 19.4 20 10 0 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 31 Jan 2018 - Project - Maintenance Note: The order book from FY2011 to FY2016 does not include maintenance contracts as they do not have a contract value up

Slide 15: Recent Contract Winning Momentum

Financial Review Recent Contract Winning Momentum Feb 26, 2018 - Total value: S$6.9m  System Integration : supply of valve remote control and tank gauging systems for repeat customers  Precision Engineering : machining and mechanical assembly for several repeat and customers Jan 4, 2018 - Total va

Slide 16: Recent Contract Winning Momentum

Financial Review Recent Contract Winning Momentum Jun 29, 2017 - Total value: S$9.6m  MHS : ad-hoc projects for repeat customers  AEA : insulation maintenance contract for a new customer  NFC & ASZ : supply of valve remote control, tank gauging systems, machining and mechanical assembly for repea

Slide 17: Business Outlook: Building Blocks for FY2018

Business Outlook Building Blocks for FY2018 Improving $106.8M Consolidation Full Year of Businesses Market Order Book to Contribution Outlook for be realized from Ensure into M&A System from FY2018 2 Tuas Ave Engineering Integration to FY2021 10 17

Slide 18: Sales Booking for System Integration

Sales Booking for System Integration Contract wins in 9,000 Jan-Feb 2018 S$5.5M vs 8,000 FY2017 S$8.2M 8,018 8,261 7,000 6,000 5,500 6,055 5,822 5,000 5,382 5,037 4,000 4,536 2,836 3,000 2,844 2,000 2,529 2,098 1,000 1,144 - 442 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec FY2017 FY2018 ** Bookin

Slide 19: Business Outlook: Shipbuilding Trend

Business Outlook Shipbuilding Trend • Chinese builders won the largest share of orders in 2017. • Cruise newbuilding benefited European shipbuilders, which accounted for 38% of global estimated contract. • Over the past two years owners have invested in additional tonnage, lower tonnage more likely

Slide 20: Business Outlook: Shipbuilding Trend

Business Outlook Shipbuilding Trend Ship tonnage on order by yard • Yards developing sophisticated Vessel Type China South Korea Japan products and services, using big Container ships 51% 25% 24% data, automation, and the internet Bulk Carriers 59% 10% 31% of things (IoT), sophisticated ship- Tanker

Slide 21: Business Outlook: Cruise Ship Trend

Business Outlook Cruise Ship Trend Order book by region Order book by yard • Carnival, CSSC and Fincantieri announced the delivery of the first 133,500t ship from CSSC’s Waigaoqiao yard due in 2023 with one plus four more options. • China developing a supply chain with logistic companies, design and

Slide 22: Business Outlook: Offshore Market Trend

Business Outlook Offshore Market Trend • Average world consumption has slightly overtaken the average world supply. • OPEC, 9 non-OPEC and Russia’s strategies to curb crude oil production. • Crude oil price has recovered to close to some offshore projects’ average breakeven levels. • Slower recovery

Slide 23: Business Outlook: Offshore Market Trend

Business Outlook Offshore Market Trend • Continuation trend of 2017, with more rig owner consolidation (eg. Shelf Drilling acquire SeaDrill, Ensco takeover Atwood) – increase in competitive rig supply as newbuilds enter the market, – more scrapping, and – low dayrates. Source: Bloomberg, PSR • Newer

Slide 24: Acquisition Track Record

Acquisition Track Record 2011 2015 2017 Multiheight Austin Energy Ensure Engineering • Acquired for around S$29m • Acquired for around S$26m • Acquired for around S$17m • Design, erection, • Specialize in thermal • Specialize in engineering modification dismantling insulation, fireproofing and repai

Slide 25: Diversified Model – Improved Earnings Quality

Diversified Model – Improved Earnings Quality Revenue Contribution by Businesses FY2016 FY2017 11.9 , 13% 15.6 , 17% 12.5, 21.8, 15% 27% 19.2 , 21% 17.4, 30.3, 32.5 , 36% 21% 37% 12.3 , 13% System Integration / MRO & Trading Scaffolding Services Insulation Services Precision Engineering Petrochemica

Slide 26: Diversified Model – Improved Earnings Quality

Diversified Model – Improved Earnings Quality FY2014 FY2015 FY2016 FY2017 3% 4% 2%3% 4% 6% 6% 8% 3% 3% 4% 20% 4% 4% 6% 4% 4% 36% 3% 5% 50% 7% 56% 29% 31% 42% 53% Onshore/Downstream Marine/Upstream Electronics Manufacturing System Revenue Contribution by Industry Onshore/Infrastructure Analytical Ins

Slide 27: Investment Merits

Investment Merits Established Market Player Healthy Order Book Strong track record, performing above Order book of approximately S$106.8 industry average million on hand, including maintenance contracts. Contract winning momentum of S$88.8 million Established Management secured up to 26 Feb 2018. wi

Slide 28: Investment Scorecard

Investment Scorecard FY2017 FY2016 FY2015 FY2014 FY2013 Share price (cents) 0.56 0.25 0.19 0.11 0.11 Market Capitalisation 220 98 75 43 42 EPS 0.039 0.032 0.026 0.020 0.015 PE Ratio 14.36 7.81 7.27 5.40 7.07 Dividend Yield 2.73 5.08 5.56 2.31 2.36 Current Ratio 1.71 1.94 1.75 1.91 1.73 Total Debt to

Slide 29: Comparison of Financial and Investment Matrix against Industry Averages

Comparison of Financial and Investment Matrix against Industry Averages Oil Related Services and Nordic Group Equipment Industry Valuation Ratio PE Ratio 14.55 27.04 Dividends Dividend Yield 2.45 1.99 Dividend 5 Year Growth Rate 43.59 4.48 Payout Ratio 39.29 25.31 Growth Rates Sales 5 Year Growth Ra

Slide 30: Dividend Payout

Dividend Payout Final / Interim / Amount per share Payment date Financial Year Payout ratio Special (cents) Proposed to be approved at Final 0.873 AGM 2017 Sep 5, 2017 Interim 0.653 May 12, 2017 Final 0.731 40% 2016 Sep 2, 2016 Interim 0.5372 May, 13 2016 Final 0.65 2015 Sep 8, 2015 Interim 0.40 May

Slide 31: Nordic's Share Buyback

Nordic’s Share Buyback Share Buyback Mandate (renewed on 26 April 2017 – AGM): CUMULATIVE % OF TOTAL NO OF MONTH OF ACQUISITION QUANTITY CUMULATIVE VOLUME ISSUED SHARES ** Share Buyback by way of Market Acquisition January 2016 479,000 5,148,200 1.29 March 2016 352, 000 5,500,200 1.37 April 2016 397

Slide 32: Directors' and Executive Officer's Share Purchases

Directors’ and Executive Officer’s Share Purchases 09 November 2010 – IPO : Director No. of shares held % shareholdings Chang Yeh Hong 200,480,625 50.12% Eric Lin Choon Hin 43,500,000 10.88% Dorcas Teo Ling Ling 29,000,000 7.25% 272,980,625 68.25% 2 March 2018 : Director / Executive Officer No. of s

Slide 33: Thank You

Building Momentum, Capturing Opportunities Thank You For more information, please contact Financial PR Pte Ltd Investor Relations Consultants Romil Singh / Colin Lum romil@financialpr.com.sg Tel: (65) 6438 2990 Fax: (65) 6438 0064 www.n o rdicgro uplimited .co m 33

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