Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — TTJ Holdings — FY2014 Earnings Presentation
17 slides from Singapore Exchange's earnings presentation, September 2014
Slide 1: FY2014 Results: Media & Analyst Briefing
FY2014 Results: Media & Analyst Briefing September 2014 T T J HOLDINGS LIMITED | STRUCTURES THAT SHAPE THE FUTURE | FY2014 RESULTS BRIEFING NATIONAL ART GALLERY
Slide 2: Business overview
Business overview One of the largest structural steel fabricators with a reputation as a leading structural steel specialist • S1-accredited company with operations in Singapore and Malaysia • Provides structural steel for diverse industries including many iconic projects in Singapore • 2 production
Slide 3: Financial performance for FY2014
Financial performance for FY2014 (FYE 31 July) T T J HOLDINGS LIMITED | STRUCTURES THAT SHAPE THE FUTURE | FY2014 RESULTS BRIEFING DUO
Slide 4: Revenue
Revenue 142.9 134.7 Revenue by business segments 127.4 $18.0m $1.4m 96.9 13% 1% FY2014 $115.3m 86% Structural steel Dormitory Others FY2011 FY2012 FY2013 FY2014 $15.1m 12% FY2014 vs FY2013: Revenue increased by FY2013* $111.9m 6% to S$134.7 million 88% •Structural steel: +3% to $115.3m Structural st
Slide 5: Profitability
Profitability Gross Profit (S$’m) and GP Margin (%) GROSS PROFIT 28.5 27.5 FY2014 vs FY2013: GP +32% to $37.0m; 22.0 GPM improved to 27.5% from 22.0% 20.6 GP •Rental revisions in dormitory business •Marginal improvement in structural steel 32% GP projects Margin 27.6 29.4 28.0 37.0 NET PROFIT ATTRIB
Slide 6: Key financial indicators
Key financial indicators Profitability Ratios FY2011 FY2012 FY2013 FY2014 EPS (cents) 4.12 4.75 4.25 6.23 Return On Assets* (%) 12.0 12.6 10.7 14.7 Return On Equity*(%) 19.8 19.0 14.9 18.4 Financial Position (S$’m) As at 31 Jul 2013 As at 31 Jul 2014 Total assets 138.9 148.0 Total liabilities 39.1 2
Slide 7: Cash flow
Cash flow S$’m FY2013 FY2014 Net cash from operating activities 17.6 29.5 Net cash (used in) / from investing activities (0.6) (2.8) Net cash (used in) financing activities (6.4) (10.4) Cash and cash equivalents 41.6 57.8 T T J HOLDINGS LIMITED | STRUCTURES THAT SHAPE THE FUTURE | FY2014 RESULTS BRI
Slide 8: Dividends
Dividends Dividend Per Share 1.6 25.0% 1.4 22.5% 21.2% 20.0% 1.2 16.8% 1 16.3% 15.0% Cents 0.8 14.6% 1.4 10.0% 0.6 0.9 0.4 0.8 0.6 5.0% 0.2 0.4 0 0.0% FY2010 FY2011 FY2012 FY2013 FY2014 Dividend/Share (SG cts) Payout Ratio FY2014 Dividend •Dividend payout date: 19 December 2014 (subject to approval
Slide 9: Business updates
Business updates T T J HOLDINGS LIMITED | STRUCTURES THAT SHAPE THE FUTURE | FY2014 RESULTS BRIEFING DUO
Slide 10: Projects updates
Projects updates Completed / substantially completed in FY2014 •Methionine Plant •Lanxess Compass Project •Nalco Eastern Hemisphere Core Plant •LNG Train 9 project (Petronas) •Singapore LNG Terminal •Stamford American International School Methionine Plant Singapore LNG Terminal Stamford American Int
Slide 11: New contracts secured in FY2014
New contracts secured in FY2014 Date Project description / site Value Main Contractor/End customer Announced ($M) 12 Jun 2014 • Yishun Community Hospital 11 Kimly-Shimizu JV • State Courts complex at Havelock Square CS Bored Pile System Pte Ltd 13 Feb 2014 • DUO at Rochor Road/Beach Road/Ophir Road
Slide 12: Order books: As at September 2014
Order books: As at 25 September 2014 S$97 million to be substantially fulfilled between FY2015 and FY2016 State Courts complex at Havelock Square │ Yishun Community Hospital │ Civil defence shelter doors National Art Gallery Tuas West MRT Extension Depot DUO Mediapolis @ one-north Tanjong Pagar Cent
Slide 13: Outlook
Outlook T T J HOLDINGS LIMITED | STRUCTURES THAT SHAPE THE FUTURE | FY2014 RESULTS BRIEFING DUO
Slide 14: Challenges and opportunities in Singapore
Challenges and opportunities in Singapore The demand from the construction sector is likely to remain healthy with Singapore’s population growth and the infrastructure development to support the growth Key Challenges •Keener Increasing competition Population Demand for Mega Projects by •Rising costs
Slide 15: Some potential projects in Singapore
Some potential projects in Singapore Potential Projects • MRT Thomson Line • Phase 3 Expansion OF Singapore LNG / Forth LNG Storage Tank • MRT Thomson-East Coast Line and Changi Depot • Second LNG Terminal in Singapore • MRT Cross Island Line • Safety & Risk Management Centre at Jurong Island • MRT
Slide 16: Growth strategy & future plans
Growth strategy & future plans Leverage domestic growth opportunities Capture potential overseas markets such as Malaysia Continue to drive up productivity T T J HOLDINGS LIMITED | STRUCTURES THAT SHAPE THE FUTURE | FY2014 RESULTS BRIEFING 16
Slide 17: Thank You Q&As
Thank You Q&As T T J HOLDINGS LIMITED | STRUCTURES THAT SHAPE THE FUTURE | FY2014 RESULTS BRIEFING DUO