Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — TEE International — FY2010 Earnings Presentation
19 slides from Singapore Exchange's earnings presentation, Jul 27, 2010
Slide 1: Delivering on Our Promises: FY2010 Results Presentation
7/27/2010 TE E I NT ER NAT IO NAL L IM IT ED E n g i n e e r i n g . L i f e s t y l e “Delivering on Our Promises” F Y 2 0 1 0 R e s u l ts Pr e s e n t a t io n . 27 Ju ly 20 10 Contents Our Business Corporate Profile Group Structure Our Business Activities Financial Highlights Recent Developments
Slide 2: Corporate Profile and Group Structure
7/27/2010 Corporate Profile • TEE is a recognised engineering and integrated real estate & facilities management group • Core competency: Specialised Engineering Services for Infrastructure, Construction & Rebuilding, Redevelopment & System Integration • Established strong track record in delivering
Slide 3: Our Business Activities
7/27/2010 Our Business Activities • Infrastructure • Property Integrated Real Estate Development • Construction & Engineering Redevelopment • Estate & Facilities Management • Design & Build • System Integration E n g i n e e r i n g . L i f e s t y l e 5 Engineering Infrastructure Provides specialis
Slide 4: Engineering and Integrated Real Estate
7/27/2010 Engineering Design & Build Provides turnkey Design & Build engineering solutions. System Integration Provides customised, total solutions to a building’s system integration, including design, implementation & installation of systems engineering for security, surveillance and public address
Slide 5: Financial highlights: Revenue, a Record Year
7/27/2010 Financial highlights E n g i n e e r i n g . L i f e s t y l e Revenue – A Record Year S$’000 • Highest ever revenue recorded in the Group’s 180,000 history 150,456 160,000 • Reflects growing 140,000 capabilities in Engineering 120,000 96,460 100,000 • Higher revenue from large scale proje
Slide 6: Net Profit and Key Balance Sheet Highlights
7/27/2010 Profit attributable to equity holders of the Company S$’000 • Record Net Profit After Tax in the Group’s 13,000 11,386 history 11,000 • Driven by strong top line growth and entry 9 ,00 0 into larger scale 6 ,76 5 projects in recent years 7 ,00 0 • Profit “trickled down” 4,4 08 5 ,00 0 from
Slide 7: Cash Flow Statement and Key Ratios
7/27/2010 Cash Flow Statement 30 May 10 30 May 09 (S$’000) (S$’000) Operating Cash Flows Before Working Capital Changes 17,622 14,198 Trade Receivables (7,878) (11,512) Construction Work In Progress in Excess of Billings (16,890) 9,147 Net cash (used in) generated from operations (10,176) 9,951 Inve
Slide 8: Margin Trend and Per Share Statistics
7/27/2010 Margin Trend FY2007 FY2008 FY2009 FY2010 Gross Margins 13.2% 22.1% 19.2% 14.9% Net Margins 3.4% 8.3% 6.9% 7.6% EBIT Margins (PBT net of Interest Income / 6.3% 13.0% 10.8% 10.1% Expenses) E n g i n e e r i n g . L i f e s t y l e 15 Per Share Statistics 31 May 10 31 May 09 Dividend per shar
Slide 9: Recent developments
7/27/2010 Recent developments E n g i n e e r i n g . L i f e s t y l e Real Estate - Singapore E n g i n e e r i n g . L i f e s t y l e 9
Slide 10: Real Estate – Singapore
7/27/2010 Real Estate – Singapore The Thomson Duplex, our first completed residential development property, received its TOP on April 2010. The concept is “Elevated Living” and comprises 6 units of modern duplexes, 4 units already sold. Contributed S$10.5 million to FY2010 revenue Average Price S$ 1
Slide 11: Real Estate – Singapore joint developments
7/27/2010 Real Estate - Singapore Heeton (45%), KSH (35%) and TEE (20%) jointly Site Statistics: acquire the former Mitre Hotel site at Killiney Road for S$121.0 million, as announced on 12 November 39,972 sq ft freehold land Singapore’s District 9, 2009. Expected to launch in 1st Quarter 2011 and t
Slide 12: Real Estate – Thailand
7/27/2010 Real Estate - Thailand • Latest acquisition : Announced on 7 April 2010, our 49%- owned associate company, Chewathai Ltd, successfully acquired a piece of land in Bangkok’s Ramkhamhaeng Road, one of the busiest thoroughfare in the city for S$6.6 million (via combination of debt and equity
Slide 13: Engineering Services: Recent Contracts Secured
7/27/2010 Engineering Services E n g i n e e r i n g . L i f e s t y l e Recent Contract Secured Commencement Estimated Projects in Singapore Contract Value Date Completion Date Additions and alterations to existing basement 1,2 and 3 of Esplanade S$9.9 million 8 Dec 2009 6 Apr 2010 MRT station Addi
Slide 14: Ongoing Projects
7/27/2010 Ongoing Projects MEPF Package for Electrical Installation Package for Asia Square Tower 1 Marina Bay Sands Integrated Resorts S$ 120 million S$128 million North Podium South Podium Theatre E n g i n e e r i n g . L i f e s t y l e 27 “Delivering On Our Promises” E n g i n e e r i n g . L i
Slide 15: Looking ahead: Targets vs Delivered
7/27/2010 “Delivering On Our Promises” Target for FY2010 Results Delivered by FY2010 Engineering Segment: Marina Bay Sand Integrated Resorts Win and complete prominent large scale and Esplanade MRT more complex projects Pandan Garden projects Citi Campus Integrated Real Estate Segment: The Thomson D
Slide 16: In Summary
7/27/2010 In Summary • Maintains a positive outlook for Engineering and Integrated Real Estate Segments in the next 12 months • Exploring business opportunities in the SE Asian region, specifically engineering projects in Sabah, Brunei, Thailand and Vietnam • Outstanding order books for the Engineer
Slide 17: Completed Projects
7/27/2010 Completed Projects Fitting-out works to Citi Campus at Changi Business Park S$16 million E n g i n e e r i n g . L i f e s t y l e 33 Completed Projects Fitting-out works to Fusionopolis to Agency of Science, Technology And Research of Singapore (A*STAR) S$ 33 million 14 storey of fitting-
Slide 18: Completed Projects: Changi Airport and NUS
7/27/2010 Completed Projects Electrical Installation for Airfield Lighting Fixture and other Electrical packages, Singapore Changi Airport S$ 80 million Their efficiency in mobilising necessary resources and commendable efforts to reinstate the runway at short notice had led to smoother and safer ai
Slide 19: Completed Overseas Projects
7/27/2010 Completed Overseas Projects M&E Package for Sabah Centre Point Design and Build of INNOValues Precision Shopping Centre, Malaysia Plant in Shanghai, China S$ 27 million S$ 20 million M&E Package for Sabah Foundation Building, Malaysia S$ 30 million Low Cost Housing For National Housing Des