Kim Heng Ltd · SGX:5G2
Kim Heng — Shareholder Meeting (April 2026)
22 slides from Kim Heng's shareholder meeting presentation, Apr 28, 2026
Slide 1: Annual General Meeting Presentation 2026
Annual General Meeting Presentation 2026 28 April 2026 This presentation has been reviewed by the Company’s Sponsor, SAC Capital Private Limited (the “Sponsor”). It has not been examined or approved by the Singapore Exchange SecuritiesTrading Limited (the “SGX-ST”) and the SGX-ST assumes no responsi
Slide 2: Financial Highlights
Financial Highlights • Revenue have remained robust • Decreased mainly due provision of liquidated • Due to lower overall gross at S$121million damages S$2million margins, EBITDA decreased to • Lower profit margin from sale of materials S$8.5million and gross loss from shipbuilding contract and equi
Slide 3: Revenue Performance
Revenue Performance 36,522 • Decline of S$7million due to mandatory • Demand in vessels have been robust • Several oil rigs have called in drydock of major anchor handling tug since FY2024 FY2025, seeing uptick of revenue of supply vessels S$4million from FY2024 to FY2025
Slide 4: Revenue FY2025 Performance
Revenue FY2025 Performance • With the arrival of several oil rigs, sale • Demand for crane has been weak in of goods income have increased by FY2025, resulting in a decline of S$11million from FY2024 to FY2025 S$1.3million from FY2024 to FY2025
Slide 5: FY2025 Expenses
FY2025 Expenses 2.0 • Distribution expenses reduced by • Mainly due to lower staff costs due The decrease is mainly due to: S$0.2million due to lower vessel to optimization of process workflows • Provision of doubtful debt S$0.5million brokerage, commission, advertisement • Loss on disposal of crane
Slide 6: Revenue and Gross Margins
Revenue and Gross Margins 2025 2024 (S$,000) Marine offshore 32,109 27,751 Shipbuilding income 8,005 15,160 Chartering 29,278 36,672 Equipment rental 912 2,267 Sale of goods 14,163 2,970 Trading in vessels 36,522 37,914 GP margin 19% 25%
Slide 7: Update on operations, projects and challenges ahead due to geopolitical tensions
Update on operations, projects and challenges ahead due to geopolitical tensions Mr Rex Chen Chief Operating Officer
Slide 8: Challenges Ahead
Challenges Ahead Impact: Iran War → Bunker Price Spike The ongoing Iran war has tightened oil supply and disrupted critical shipping routes (especially Strait of Hormuz), driving sharp increases in marine fuel costs. Bunker prices in Singapore surged significantly, with very low-sulphur fuel oil up
Slide 9: Challenges Ahead
Challenges Ahead How to Manage Higher Bunker Prices 1. Pass-through & Contract Structuring • Embed bunker adjustment factors (BAF) or fuel clauses • Shift toward shorter-term / floating-rate contracts 2. Operational Efficiency • Optimize vessel deployment (reduce idle time, improve routing) • Adopt
Slide 10: Completed Projects
Completed Projects Provision of comprehensive offshore maintenance and logistics support for a drillship Bridgewater 132 towing a jack-up rig in Malaysia
Slide 11: Completed Projects
Completed Projects Bridgewater 61 towing a 330 ft barge in Malaysian waters Fabrication and assembly of Jaguar module
Slide 12: Completed Projects
Completed Projects Direct Pipe construction works in Bangkok, Thailand BOP Fengmiao & LMRP Offshore overhaul Wind works Farm HDD at Kim works Heng yard in Taiwan
Slide 13: Completed Projects
Completed Projects Providing loading, scaffolding, offloading, and piping services for a jack-up rig at Penjuru Yard BOP & Fabrication LMRP and overhaul assembly works of riser at Kim guard andHeng yardmast antenna
Slide 14: Ongoing Projects
Ongoing Projects Seatrium Fabrication and Assembly of Steel Modules (Various Projects)
Slide 15: Ongoing Projects
Ongoing Projects Modification of Deck Cargo Barge
Slide 16: Ongoing Projects
Ongoing Projects Wild Well Stackup and Connector works
Slide 17: Focus Areas in Offshore Wind: Bridgewater Discovery
FOCUS AREAS IN OFFSHORE WIND BRIDGEWATER DISCOVERY DP2 GEOTECHNICAL SURVEY VESSEL (with option to use for subsea construction support & trenching)
Slide 18: Kim Heng Potential Works
Kim Heng Potential Works Post IRAN conflict presents opportunities in particular areas of marine construction • Damaged port infrastructure • Disrupted throughput and logistics • Created congestion and inefficiencies Opportunities: • Berth reconstruction (container + oil terminals) • Dredging & chan
Slide 19: Kim Heng Potential Works
Kim Heng Potential Works Smart port upgrades (automation, digital logistics) • Oil terminals • Offshore loading systems • Pipelines and subsea assets Opportunities: • SPM (single point mooring) systems • Offshore platforms repair • Subsea pipeline installation
Slide 20: Kim Heng Potential Works
Kim Heng Potential Works CABLE LAY BARGE- Memorandum Of Understanding with SGEI • Intensive CAPEX • Discussions ongoing. If new vessel is required, fund raising may be hybrid with debt financing and equity • We have also tendered to developers and main contractors for ASEAN grid network projects. •
Slide 21: Q&A
Q&A
Slide 22: Thank you!
Thank you!