Slide 1: 4Q & FY2012 Results Briefing
4Q & FY2012 Results Briefing 25 February 2013 1
Slide 2: Chairman's Opening Address
Chairman’s Opening Address 2
Slide 3: Opening Address by Lim Ho Seng, Chairman
Opening Address by Lim Ho Seng, Chairman • A Record Year - Revenue up 21% to S$98.2 million due to order intake from late 2011 to early 2012 - Core marine and offshore profits in 2012 maintained at S$21.5 million though margins declined on product mix and competition - Group earnings up more than te
Slide 4: Baker Tech Business Structure
Baker Tech Business Structure Marine Offshore Investments Corporate Sea Deep Shipyard Discovery Offshore Pte. Ltd. S.A. 20% Baker Tech, a leading manufacturer and provider of specialised equipment and services for the oil & gas industry. 4
Slide 5: History & Milestones
History & Milestones May 2000 Saberon Investments acquired controlling stake in SGX-SESDAQ listed Wassall Asia Pacific, a manufacturer of trailer axles, and renamed the company Baker Technology Limited May 2007 Baker Tech acquired PPL Holdings (which owns a 15% stake in PPL Shipyard) for S$3.6millio
Slide 6: Sea Deep Shipyard
Sea Deep Shipyard • A niche manufacturer of highly specialised equipment and components for use on drilling rigs in the offshore environment. Also provides repairs and refurbishment for such equipment. • Customers comprise mainly of national oil companies and major rig builders in China, Singapore a
Slide 7: Discovery Offshore S.A
Discovery Offshore S.A • Discovery Offshore was incorporated in Luxembourg on January 12, 2011. • A pure-play, ultra high-specification jackup drilling company, with two rigs under construction by Keppel FELS and options for two additional rigs. • Hercules Offshore, Inc., a leading global provider o
Slide 8: Financial Performance Review
Financial Performance Review 8
Slide 9: 4Q 2012 Financial Performance
4Q 2012 Financial Performance 4Q 2012 4Q 2011 % Change Y/E 31 Dec (S$ million) (S$ million) Revenue 16.4 32.7 50% Gross Profit 5.0 8.0 38% Profit before Tax 3.2 3.8 16% Profit after Tax 2.8 2.8 3% EPS (cents)^ 0.38 0.41 7% Fully Diluted EPS+ (cents) 0.27 0.29 7% ^Based on weighted average number of
Slide 10: FY2012 Financial Performance
FY2012 Financial Performance FY 2012 FY2011 % Change Y/E 31 Dec (S$ million) (S$ million) Revenue 98.2 81.1 21% Gross Profit 25.1 23.5 7% Admin Expenses (7.9) (11.9) 33% Other op income/ expenses, net 69.0 (0.7) NM Share of results from assoc 0.6 (0.2) NM Profit before Tax 86.6 10.6 715% Profit afte
Slide 11: Revenue Breakdown by Geographical Area
Revenue Breakdown by Geographical Area FY 2011 China Singapore 57% Singapore FY 2012 19% 19% Middle East 1% China 77% Asia Middle East Asia Pacific* 4% Pacific* 20% 3% *excluding China & Singapore 11
Slide 12: Revenue Breakdown by Product
Revenue Breakdown by Product FY 2011 Crane & FY 2012 Crane & Skidding Others skidding Others Systems 1% system 1% 19% 20% Jacking System & Specialised Jacking System & Specialised Steel Components Steel Components 79% 80% 12
Slide 13: Net Order Book Trend
Net Order Book Trend US$ million 120 102 100 80 79 80 67 64 57 60 60 49 40 20 0 1QFY11 2QFY11 3QFY11 4QFY11 1QFY12 2QFY12 3QFY12 4QFY12 13
Slide 14: Net Order Book Breakdown (as at 31 Dec 2012)
Net Order Book Breakdown (as at 31 Dec 2012) by Geographical Area by Product Crane & Skidding System Asia 21% Pacific* 9% Singapore 21% Jacking System & Specialised China Steel Components 70% 79% *Excluding China and Singapore 14
Slide 15: Robust Balance Sheet
Robust Balance Sheet As at 31 Dec 2012 As at 31 Dec 2011 (S$ million) (S$ million) Current Assets 249.7 225.5 Current Liabilities 22.5 95.6 Total Assets 292.5 267.4 Total Liabilities 22.5 95.2 Shareholders Equity 269.9 171.8 Gearing 1.3% 0% Available Cash 173.9 169.3 Cash Per Share : 23.6 cents 15
Slide 16: Outlook & Strategy
Outlook & Strategy • Global economic environment remains challenging and uncertain for FY2013, and credit markets remain tight • However, the Group is confident of the oil and gas industry’s long term fundamentals • Discovery Offshore on track to take delivery of its first rig in June 2013 amidst fa
Slide 17: Q&A and Disclaimer
Q&A Disclaimer This presentation and pertaining discussions may contain statements that are forward looking with regards to the business & future performance of Baker Technology Limited and its subsidiaries. These statements reflect Baker Tech’s current views, assumptions and projections based on, b
Slide 18: Thank You
Thank You IR and Media Contact: Juliet Ang, NRA Capital Tel: 6236 6895 Email: juliet.ang@nracapital.com Evan Ong, NRA Capital Tel: 6236 6894 Email: evan.ong@nracapital.com 18