Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — T T J Holdings — FY2015 Earnings Presentation
17 slides from Singapore Exchange's earnings presentation, Sep 25, 2015
Slide 1: FY2015 Results: Media & Analyst Briefing
FY2015 Results: Media & Analyst Briefing 25 September 2015 T T J HOLDINGS LIMITED | STRUCTURES THAT SHAPE THE FUTURE | FY2015 RESULTS BRIEFING
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 FY2015
FINANCIAL PERFORMANCE FOR FY2015 T T J HOLDINGS LIMITED | STRUCTURES THAT SHAPE THE FUTURE | FY2015 RESULTS BRIEFING 3
Slide 4: Record Dividend of 8.0 cents / share
Record Dividend of 8.0 cents / share Dividend Per Share 9 200.0% 179.8% 8 180.0% FY2015 Dividend 160.0% 7 • Dividend payout date: 18 December 2015 (subject to approval at AGM) 140.0% 6 • Book closure date: 4 December 2015 Cents 120.0% 5 100.0% 4 8.0 80.0% 3 60.0% 2 40.0% 21.2% 22.5% 16.3% 14.6% 16.8
Slide 5: Revenue
Revenue 142.9 134.7 127.4 Revenue by business segments 96.9 94.1 $0.9m $19.1m 1% 20% $74.1m FY2015 79% FY2011 FY2012 FY2013 FY2014 FY2015 Structural steel Dormitory FY2015 vs FY2014: Revenue decreased 30% from $134.7m to $94.1m Others • Structural steel business: Decreased 36% to $74.1m • Less work
Slide 6: Profitability
Profitability Gross Profit (S$’m) and GP Margin (%) GROSS PROFIT 28.5 27.5 29.2 GPM improved to 29.2% from 27.5% 20.6 22.0 • Marginal increase in rental rates in GP dormitory business GP Margin GP decreased by 26% to $27.5m 27.6 29.4 28.0 37.0 27.5 • Decrease in revenue from structural steel busines
Slide 7: Key financial indicators
Key financial indicators Profitability Ratios FY2012 FY2013 FY2014 FY2015 EPS (cents) 4.75 4.25 6.23 4.45 Return On Assets* (%) 12.6 10.7 14.7 10.3 Return On Equity*(%) 19.0 14.9 18.4 12.1 Financial Position (S$’m) As at 31 Jul 2014 As at 31 Jul 2015 Total assets 148.0 151.6 Total liabilities 29.2 2
Slide 8: Cash flow
Cash flow S$’m FY2014 FY2015 Net cash (used in) / from operating activities 29.5 30.9 Net cash (used in) / from investing activities (2.8) 1.0 Net cash (used in) financing activities (10.4) (5.6) Cash and cash equivalents 57.8 84.1 T T J HOLDINGS LIMITED | STRUCTURES THAT SHAPE THE FUTURE | FY2015 R
Slide 9: Business Updates
BUSINESS UPDATES T T J HOLDINGS LIMITED | STRUCTURES THAT SHAPE THE FUTURE | FY2015 RESULTS BRIEFING 9
Slide 10: New contracts secured in FY2015
New contracts secured in FY2015 Date Announced Project description / site Value ($M) 20 Oct 2014 • Changi Airport T1 and T2 (fixed gangways) 22 • Tampines Town Hub • Civil defence shelter doors 28 May 2015 • Projects on Jurong Island 35 • Civil defence shelter doors (Thomson Line) 17 Sep 2015 • Civi
Slide 11: Order books: As at September 2015
Order books: As at 23 September 2015 S$99 million to be substantially fulfilled between FY2016 & FY2017 Comprising ongoing key projects in the Group’s pipeline Amongst others, some of our on-going projects include: 1. Tanjong Pagar Centre 2. DUO 3. Fixed Gangways to T1 and T2 Changi Airport 4. Tampi
Slide 12: Outlook
OUTLOOK T T J HOLDINGS LIMITED | STRUCTURES THAT SHAPE THE FUTURE | FY2015 RESULTS BRIEFING 12
Slide 13: Construction Industry Outlook
Construction Industry Outlook Singapore Construction Demand: Value of Contracts 2014: $37.7 billion Awarded (S$’b) • Record high 40 37.7 35 29-36 2015f: Construction demand sustained 27-36 pa 26-37 pa between $29 - $36 billion 30 18 • Stable public construction demand 25 11-15 ‐ Increase in industri
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 Demand for Population Mega Projects by • Rising cos
Slide 15: Some potential projects in Singapore
Some potential projects in Singapore Potential Projects • Singapore-KL High Speed Rail • Phase 3 Expansion OF Singapore LNG / Fourth LNG Storage Tank • Singapore Power Transmission Cable Tunnel • Second LNG Terminal in Singapore Project • West Jurong Island 400kV Substation • Robinson Tower • Petron
Slide 16: Growth strategy amid a competitive landscape
Growth strategy amid a competitive landscape Growth Drivers Malaysia – Structural Steel Opportunity Singapore – Structural Steel and Dormitory (Opportunistic) Stay Competitive: Productivity and Cost Management T T J HOLDINGS LIMITED | STRUCTURES THAT SHAPE THE FUTURE | FY2015 RESULTS BRIEFING 16
Slide 17: Thank You Q&A
THANK YOU Q&AS T T J HOLDINGS LIMITED | STRUCTURES THAT SHAPE THE FUTURE | FY2015 RESULTS BRIEFING