Boustead Singapore Limited · SGX:F9D
Boustead Singapore — FY2008 Earnings Presentation
39 slides from Boustead Singapore's earnings presentation, May 28, 2008
Slide 1: FY2008 Financial Results Presentation
Boustead Singapore Limited 28 MAY 2008 FY2008 Financial Results Presentation
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 Financial Review Business Drivers Q&A
Slide 4: Overview
‘Since 1828
Slide 5: Overview
Boustead Singapore Limited Engineering the world of the future Established in 1828, Boustead OVERVIEW Singapore is a progressive global infrastructure-related engineering services & geo-spatial technology group Energy-Related Engineering Geo-Spatial Water & Technology Wastewater Engineering Real E
Slide 6: Overview
Boustead Singapore Limited Engineering the world of the future Established in 1828, Boustead OVERVIEW Singapore is a progressive global infrastructure-related engineering services & geo-spatial technology group Energy-Related Engineering Geo-Spatial Water & Technology Wastewater Engineering Real E
Slide 7: Boustead 180th Anniversary
Boustead 180th Anniversary In 2008, Boustead celebrates 180 OVERVIEW years of economic and social contribution to Singapore and the world
Slide 8: Our Global Network
OVERVIEW Our Global Network UK Canada Italy USA Spain Turkey South Korea Libya UAE China India Vietnam Venezuela Saudi Arabia Thailand Philippines Malaysia Singapore Brazil Indonesia Argentina Australia
Slide 9: Our Global Footprint
OVERVIEW Our Global Footprint
Slide 10: Our Global Footprint
Our Global Footprint ASIA & EUROPE AFRICA THE OVERVIEW 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 11: Financial Review
Financial Review
Slide 12: Group Financial Results
Group Financial Results FY2008 FY2007 Chg FINANCIAL REVIEW (S$) (S$) (%) Revenue 438.3m 343.9m +27.5 Gross Profit 135.7m 117.2m +15.8 Profit before tax 75.7m 54.0m +40.3 Net profit 51.5m 35.2m +46.1 Earnings per share 20.1cts 13.9cts +44.6 NAV per share 64.0cts 53.0cts +20.8
Slide 13: Segment Revenue
Segment Revenue FY2008 FY2007 Chg FINANCIAL REVIEW (S$) (S$) (%) Engineering Services 366.4m 279.2m +31.2 Geo-Spatial Technology 67.8m 62.4m +8.7 Investment Activities 4.1m 2.3m +78.3 Group Total 438.3m 343.9m +27.5
Slide 14: Group Revenue Mix
FINANCIAL REVIEW Group Revenue Mix
Slide 15: Group Revenue
Group Revenue Six consecutive years of record- FINANCIAL REVIEW breaking revenue 6-year CAGR: +14.2%
Slide 16: Group Net Profit
Group Net Profit Six consecutive years of record- FINANCIAL REVIEW breaking net profit 6-year CAGR: +34.8%
Slide 17: Group Net Cash Position
Group Net Cash Position Strengthened net cash position FINANCIAL REVIEW 5-year CAGR: +60.9%
Slide 18: Return on Shareholders' Equity
Return on Shareholders’ Equity Increased return on shareholders’ FINANCIAL REVIEW equity
Slide 19: Group Dividend
Group Dividend FY2008 FY2007 Chg FINANCIAL REVIEW (S$) (S$) (%) Final dividend 5.0cts 4.5cts Special dividend 2.0cts Interim dividend 3.0cts 2.0cts Total dividend 10.0cts 6.5cts +53.8
Slide 20: Group Dividend
Group Dividend Grew dividend FINANCIAL REVIEW Respectable dividend yield: 4.5% 5-year CAGR: +46.1%
Slide 21: Key Business Drivers
Key Business Drivers
Slide 22: Group Orders Secured
Group Orders Secured Long-term growth KEY BUSINESS DRIVERS 5-year CAGR: +34.6%
Slide 23: Energy-Related Engineering
Key Business Drivers Energy-Related Engineering
Slide 24: Energy-Related Engineering Division Revenue
Energy-Related Engineering Division Revenue FY2008 FY2007 Chg KEY BUSINESS DRIVERS (S$) (S$) (%) Revenue 137.2m 130.6m +5.1 Record revenue performance • Oil & gas - Strengthened core engineering teams - Focused on quality over turnover • Solid waste energy recovery - Restructured
Slide 25: Energy-Related Engineering Orders Secured
Energy-Related Engineering Orders Secured Increased length of negotiation for KEY BUSINESS DRIVERS large value contracts
Slide 26: Energy-Related Engineering Prospects
Energy-Related Engineering Prospects Excellent prospects; fundamentally- KEY BUSINESS DRIVERS supported • Current order book backlog: S$140m • Oil & gas - Global crude oil prices continue to reach unprecedented levels - Oil & gas infrastructure investment cycle is lengthening • Solid waste energy
Slide 27: Water & Wastewater Engineering
Key Business Drivers Water & Wastewater Engineering
Slide 28: Water & Wastewater Engineering Division Revenue
Water & Wastewater Engineering Division Revenue FY2008 FY2007 Chg KEY BUSINESS DRIVERS (S$) (S$) (%) Revenue 35.9m 23.8m +50.8 Improved revenue performance but turnaround not achieved • Faced severe setbacks in two major projects
Slide 29: Water & Wastewater Engineering Orders Secured
Water & Wastewater Engineering Orders Secured Increased length of negotiation for KEY BUSINESS DRIVERS large value contracts
Slide 30: Water & Wastewater Engineering Prospects
Water & Wastewater Engineering Prospects Turnaround expected in FY2009 KEY BUSINESS DRIVERS • Current order book backlog: S$55m • Validating R&D initiative at textile plant in China • Exploring other R&D initiatives • Strengthening business development efforts in North Africa and Middle East
Slide 31: Real Estate Solutions
Key Business Drivers Real Estate Solutions
Slide 32: Real Estate Solutions Division Revenue
Real Estate Solutions Division Revenue FY2008 FY2007 Chg KEY BUSINESS DRIVERS (S$) (S$) (%) Revenue 193.3m 124.8m +54.9 Record revenue performance • Industrial real estate solutions - Grew core turnkey design and build activities - Sold two industrial leasehold properties • New township - Negligib
Slide 33: Real Estate Solutions Orders Secured
Real Estate Solutions Orders Secured Record S$300m JV (Boustead’s share: KEY BUSINESS DRIVERS 65%) new township contract from Libya
Slide 34: Real Estate Solutions Prospects
Real Estate Solutions Prospects Excellent prospects; fundamentally- KEY BUSINESS DRIVERS supported • Current order book backlog: S$305m • Industrial real estate solutions - Capitalising on opportunities in Singapore - Expanding regional presence in China and Vietnam • New township - Commencing sig
Slide 35: Geo-Spatial Technology
Key Business Drivers Geo-Spatial Technology
Slide 36: Geo-Spatial Technology Division Revenue
Geo-Spatial Technology Division Revenue FY2008 FY2007 Chg KEY BUSINESS DRIVERS (S$) (S$) (%) Revenue 67.8m 62.4m +8.7 Record revenue performance • Steady growth
Slide 37: Geo-Spatial Technology Prospects
Geo-Spatial Technology Prospects Steady prospects KEY BUSINESS DRIVERS • Increasing professional services • Reducing reliance on standard exclusive distribution services • Focusing on solutions for water management and utilities
Slide 38: Thank You
‘Since 1828
Slide 39: Q&A
Q&A