Boustead Singapore Limited · SGX:F9D
Boustead Singapore — FY2012 Earnings Presentation
42 slides from Boustead Singapore's earnings presentation, May 28, 2012
Slide 1: FY2012 Financial Results Presentation
Boustead Singapore Limited FY2012 Financial Results Presentation 28 MAY 2012
Slide 2: Disclaimer
Disclaimer This presentation contains certain statements that are not statements of historical fact such as forward-looking statements. These statements are based on current expectations, projections and assumptions about future events. Although Boustead believes that these expectations, projections
Slide 3: Presentation Agenda
Presentation Agenda Overview Group Financial Review Division Financial Review Questions & Answers
Slide 4: Overview
Overview Since 1828
Slide 5: Introducing Boustead
Introducing Boustead Engineering the world of the future Established in 1828, Boustead Singapore is OVERVIEW a progressive global infrastructure-related engineering services & geo-spatial technology group Energy-Related Engineering Geo-Spatial Water & Wastewater Technology Engineering Real Estate
Slide 6: Introducing Boustead
Introducing Boustead Engineering the world of the future Established in 1828, Boustead Singapore is OVERVIEW a progressive global infrastructure-related engineering services & geo-spatial technology group Energy-Related Engineering Geo-Spatial Water & Wastewater Technology Engineering Real Estate
Slide 7: Our Global Network
OVERVIEW Our Global Network UK Canada Italy USA Spain Turkey China South Korea Saudi Arabia UAE India Vietnam Thailand Philippines Venezuela Malaysia Singapore Indonesia Brazil Argentina Australia
Slide 8: Our Global Footprint
OVERVIEW Our Global Footprint
Slide 9: Our Global Footprint
OVERVIEW Our Global Footprint ASIA & EUROPE AFRICA THE OCEANIA AMERICAS East Asia & South West Eastern East North Central Asia Asia Europe Africa America Azerbaijan Bahrain Hungary Somalia Canada* China* Cyprus Poland Tanzania USA* Japan Iran Russia Macau Iraq Slovakia North Latin America & South Ko
Slide 10: Group Financial Review
= Group Financial Review © BOUSTEAD] Since 1828
Slide 11: Group Financial Results
GROUP FINANCIAL REVIEW Group Financial Results FY2012 FY2011 Chg (%) Revenue S$408.7m S$560.6m -27 Gross profit S$146.0m S$178.1m -18 Gross profit margin 36% 32% Profit before income tax S$71.9m S$73.6m -2 Profit before income tax margin 18% 13% Net profit S$55.6m S$52.2m +6 Earnings per share 11.0c
Slide 12: Group Revenue by Segment
GROUP FINANCIAL REVIEW Group Revenue by Segment FY2012 FY2011 Chg (S$) (S$) (%) Engineering Services 299.9m *465.3m -36 Geo-Spatial 108.2m 94.7m +14 Technology Investment Activities 0.6m 0.6m +0 Group Total 408.7m *560.6m -27 * Includes S$67.8m sale of industrial leasehold property
Slide 13: Group Revenue Mix by Division
GROUP FINANCIAL REVIEW Group Revenue Mix by Division FY’11: 17% FY’11: 25% FY’11: 5% FY’11: 53%
Slide 14: Group Revenue
Group Revenue No comparative sale of industrial leasehold property GROUP FINANCIAL REVIEW S$66m inter-company revenues 7-year CAGR: +5% -27% y-o-y
Slide 15: Group Net Profit
Group Net Profit Second highest level of net profit achieved GROUP FINANCIAL REVIEW despite decrease in revenue 7-year CAGR: +12% 6% y-o-y
Slide 16: Group Net Cash Position
Group Net Cash Position Healthy net cash position GROUP FINANCIAL REVIEW 7-year CAGR: +11%
Slide 17: Group Cash Flow
Group Cash Flow Increases in properties held for sale, investment GROUP FINANCIAL REVIEW properties and available-for-sale investments S$35.4m in dividends paid
Slide 18: Return on Shareholders' Equity
Return on Shareholders’ Equity Respectable ROE GROUP FINANCIAL REVIEW
Slide 19: Earnings per Share
Earnings per Share Increasing EPS GROUP FINANCIAL REVIEW 7-year CAGR: +12% 7% y-o-y
Slide 20: Net Asset Value per Share
Net Asset Value per Share Strengthening financial position GROUP FINANCIAL REVIEW 7-year CAGR: +13% 11% y-o-y
Slide 21: Group Dividend
GROUP FINANCIAL REVIEW Group Dividend FY2012 FY2011 Chg (%) Interim dividend 2.0cts 2.0cts +0 (paid) Final dividend 3.0cts 2.0cts +50 (proposed) Total ordinary 5.0cts 4.0cts +25 dividend Special dividend 0.0cts 3.0cts (proposed) Total dividend 5.0cts 7.0cts
Slide 22: Group Dividend
Group Dividend Respectable dividend yield: >5% GROUP FINANCIAL REVIEW 7-year CAGR: +8%
Slide 23: Division Financial Review
= Division Financial Review © BOUSTEAD] Since 1828
Slide 24: Group Orders Secured
Group Orders Secured Second highest level of orders secured in DIVISION FINANCIAL REVIEW past seven years 7-year CAGR: +12% *
Slide 25: Energy-Related Engineering
Division Financial Review Energy-Related Engineering
Slide 26: Energy-Related Engineering Division Revenue & Profit before Income Tax
Energy-Related Engineering Division Revenue & Profit before Income Tax DIVISION FINANCIAL REVIEW FY2012 FY2011 Chg (S$) (S$) (%) Revenue 125.7m 140.9m -11 Profit before income tax 13.4m 17.0m -21 Decrease in revenue • Recognition in downstream oil & gas business partially affected by disruption in
Slide 27: Energy-Related Engineering Orders Secured
Energy-Related Engineering Orders Secured Recovery in orders due to favourable oil & DIVISION FINANCIAL REVIEW gas investment climate
Slide 28: Energy-Related Engineering Prospects
Energy-Related Engineering Prospects Riding on higher global oil prices DIVISION FINANCIAL REVIEW • Current order book backlog: S$110m • Oil & gas outlook - Global oil prices at above US$100 per barrel - Expecting slow recovery of margins in spite of competitive business environment - Healthy enqu
Slide 29: Water & Wastewater Engineering
Division Financial Review Water & Wastewater Engineering
Slide 30: Water & Wastewater Engineering Division Revenue & Profit before Income Tax
Water & Wastewater Engineering Division Revenue & Profit before Income Tax DIVISION FINANCIAL REVIEW FY2012 FY2011 Chg (S$) (S$) (%) Revenue 40.1m 28.7m +40 Profit before income tax 0.1m (1.7m) NM Increase in revenue • Contribution from two major projects in UAE and Singapore Increase in PBT • R
Slide 31: Water & Wastewater Engineering Orders Secured
Water & Wastewater Engineering Orders Secured Competitive business environment DIVISION FINANCIAL REVIEW
Slide 32: Water & Wastewater Engineering Prospects
Water & Wastewater Engineering Prospects Riding on growing power industry in Asia DIVISION FINANCIAL REVIEW • Current order book backlog: S$30m • Focusing on industrial water and wastewater projects in South East Asia, particularly in medium-sized seawater desalination projects and demineralisatio
Slide 33: Real Estate Solutions
Division Financial Review Real Estate Solutions
Slide 34: Real Estate Solutions Division Revenue & Profit before Income Tax
Real Estate Solutions Division Revenue & Profit before Income Tax DIVISION FINANCIAL REVIEW FY2012 FY2011 Chg (S$) (S$) (%) Revenue 134.1m *295.7m -55 Profit before income tax 29.3m 37.8m -22 * Includes S$67.8m sale of industrial leasehold property Decrease in revenue • Remains largest revenue con
Slide 35: Real Estate Solutions Orders Secured
Real Estate Solutions Orders Secured Highest level of design-and-build orders DIVISION FINANCIAL REVIEW secured by Boustead Projects in its history
Slide 36: Industrial Leasehold Portfolio
Real Estate Solutions Industrial Leasehold Portfolio Expanding industrial leasehold portfolio with DIVISION FINANCIAL REVIEW two new clients secured
Slide 37: Real Estate Solutions Prospects
Real Estate Solutions Prospects Focusing on niche growth industries DIVISION FINANCIAL REVIEW • Current order book backlog: S$197m • S$55m contract for SDV Logistics not included in order book backlog but contributing to profit in FY2013 • Good contract momentum with four contracts secured since J
Slide 38: Geo-Spatial Technology
Division Financial Review Geo-Spatial Technology
Slide 39: Geo-Spatial Technology Division Revenue & Profit before Income Tax
Geo-Spatial Technology Division Revenue & Profit before Income Tax DIVISION FINANCIAL REVIEW FY2012 FY2011 Chg (S$) (S$) (%) Revenue 108.2m 94.7m +14 Profit before income tax 26.9m 23.8m +13 Record revenue and PBT performance • Surpassed S$100-million mark for first time • Rising demand for softwa
Slide 40: Geo-Spatial Technology Prospects
Geo-Spatial Technology Prospects Steady prospects DIVISION FINANCIAL REVIEW • Sustained demand from government agencies • Growth of professional services category will result in expansion of workforce
Slide 41: Thank You
Thank You Since 1828
Slide 42: Questions & Answers
© BOUSTEAD] Since 1828