Boustead Singapore Limited · SGX:F9D
Boustead Singapore — FY2010 Earnings Presentation
41 slides from Boustead Singapore's earnings presentation, May 26, 2010
Slide 1: FY2010 Financial Results Presentation
Boustead Singapore Limited 26 MAY 2010 FY2010 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 Group Financial Review Division Financial Review Questions & Answers
Slide 4: Overview
= OVERVIEW ° BOUSTEAD/ Since 1828
Slide 5: Introducing Boustead
Introducing Boustead 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 Estate
Slide 6: Introducing Boustead
Introducing Boustead 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 Estate
Slide 7: Our Global Network
OVERVIEW Our Global Network UK Canada Italy USA Spain Turkey China South Korea Libya Saudi Arabia UAE India Vietnam Thailand Philippines Venezuela Malaysia Singapore Indonesia Brazil Argentina Australia
Slide 8: Our Global Footprint
OVERVIEW Our Global Footprint
Slide 9: 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 South Korea* Iraq Slovakia North Latin America & T
Slide 10: Corporate Awards
Corporate Awards Corporate awards in FY2010 OVERVIEW • Forbes Asia 200 Best Under A Billion - Recognising Asia Pacific’s 200 best listed corporations under US$1 billion in revenue; evaluated from over 25,000 listed corporations • Most Transparent Company Award 2009 (Runner-Up in Construction Categ
Slide 11: Group Financial Review
= GROUP FINANCIAL REVIEW ° BOUSTEAD/ Since 1828
Slide 12: Group Financial Results
Group Financial Results FY2010 FY2009 Chg GROUP FINANCIAL REVIEW (%) Revenue S$438.4m S$516.6m -15 Gross profit S$132.6m S$143.1m -7 Gross profit margin 30% 28% Profit before tax S$59.0m *S$81.4m -28 Profit before tax margin 13% 16% Net profit S$43.1m S$60.1m -28 Earnings per share 8.5cts 11.7cts -2
Slide 13: Group Revenue by Segment
Group Revenue by Segment FY2010 FY2009 Chg GROUP FINANCIAL REVIEW (S$) (S$) (%) Engineering 360.9m 438.8m -18 Services Geo-Spatial 74.8m 74.2m +1 Technology Investment 2.7m 3.6m -25 Activities Group Total 438.4m 516.6m -15
Slide 14: Group Revenue Mix
GROUP FINANCIAL REVIEW Group Revenue Mix
Slide 15: Group Revenue
Group Revenue Revenue decline due to global GROUP FINANCIAL REVIEW economic downturn 7-year CAGR: +10%
Slide 16: Group Net Profit
Group Net Profit Net profit decline due to timing of legal GROUP FINANCIAL REVIEW completion for industrial leaseback asset 7-year CAGR: +18%
Slide 17: Group Net Cash Position
Group Net Cash Position Continuous enlargement GROUP FINANCIAL REVIEW 7-year CAGR: +46%
Slide 18: Return on Shareholders' Equity
Return on Shareholders’ Equity Respectable return on shareholders’ GROUP FINANCIAL REVIEW equity
Slide 19: Earnings per Share
Earnings per Share Long-term growth GROUP FINANCIAL REVIEW 7-year CAGR: +15%
Slide 20: Net Asset Value per Share
Net Asset Value per Share Strengthening balance sheet GROUP FINANCIAL REVIEW 7-year CAGR: +14%
Slide 21: Group Dividend
Group Dividend FY2010 FY2009 Chg GROUP FINANCIAL REVIEW (S$) (S$) (%) Special dividend 1.5cts (proposed) Final dividend 2.5cts 2.5cts (proposed) Interim dividend 1.5cts 1.5cts (paid) Total dividend 5.5cts 4.0cts +38
Slide 22: Group Dividend
Group Dividend Respectable dividend yield: >7% GROUP FINANCIAL REVIEW 7-year CAGR: +33%
Slide 23: Division Financial Review
= DIVISION FINANCIAL ° BOUSTEAD/ Since 1828
Slide 24: Group Orders Secured
Group Orders Secured Order book recovery DIVISION FINANCIAL REVIEW 7-year CAGR: +25%
Slide 25: Energy-Related Engineering
Division Financial Review Energy-Related Engineering
Slide 26: Energy-Related Engineering: Division Revenue & Profit before Tax
Energy-Related Engineering Division Revenue & Profit before Tax FY2010 FY2009 Chg DIVISION FINANCIAL REVIEW (S$) (S$) (%) Revenue 122.3m 146.5m -17 Profit before tax 19.9m 18.5m +8 Record PBT performance • Oil & gas - Foreign exchange effects for downstream - Increased competition for upstream • S
Slide 27: Energy-Related Engineering: Orders Secured
Energy-Related Engineering Orders Secured Strong order book replenishment DIVISION FINANCIAL REVIEW
Slide 28: Energy-Related Engineering: Prospects
Energy-Related Engineering Prospects Ride on global oil price recovery DIVISION FINANCIAL REVIEW • Current order book backlog: S$150m • Oil & gas - Global oil prices at US$70 per barrel - Negotiations progressing • Solid waste energy recovery - Realignment of business model to higher value-added e
Slide 29: Water & Wastewater Engineering
Division Financial Review Water & Wastewater Engineering
Slide 30: Water & Wastewater Engineering: Division Revenue & Profit before Tax
Water & Wastewater Engineering Division Revenue & Profit before Tax FY2010 FY2009 Chg DIVISION FINANCIAL REVIEW (S$) (S$) (%) Revenue 54.9m 26.8m +105 Profit before tax 7.8m (8.4m) NM Successfully turned around • Significant progress on major industrial water and wastewater treatment projects • Re
Slide 31: Water & Wastewater Engineering: Orders Secured
Water & Wastewater Engineering Orders Secured Intensely competitive business DIVISION FINANCIAL REVIEW environment
Slide 32: Water & Wastewater Engineering: Prospects
Water & Wastewater Engineering Prospects Maintain profitability DIVISION FINANCIAL REVIEW • Current order book backlog: S$30m • Focusing on industrial water and wastewater projects in South East Asia, Middle East, North Africa and South America • Water infrastructure system project in Libya remove
Slide 33: Real Estate Solutions
Division Financial Review Real Estate Solutions
Slide 34: Real Estate Solutions: Division Revenue & Profit before Tax
Real Estate Solutions Division Revenue & Profit before Tax FY2010 FY2009 Chg DIVISION FINANCIAL REVIEW (S$) (S$) (%) Revenue 183.7m 265.5m -31 Profit before tax 16.8m *58.9m -71 * Includes S$22.7m gain from sale of leaseback asset by 40% associate Top revenue contributor • Industrial real estate s
Slide 35: Real Estate Solutions: Orders Secured
Real Estate Solutions Orders Secured Strong order book replenishment DIVISION FINANCIAL REVIEW
Slide 36: Real Estate Solutions: Prospects
Real Estate Solutions Prospects Evolving business model DIVISION FINANCIAL REVIEW • Current order book backlog: S$425m • Industrial real estate solutions - Design-and-build contracts for niche growth industries - Design-build-and-lease contracts - Strengthening international operations • New towns
Slide 37: Geo-Spatial Technology
Division Financial Review Geo-Spatial Technology
Slide 38: Geo-Spatial Technology: Division Revenue & Profit before Tax
Geo-Spatial Technology Division Revenue & Profit before Tax FY2010 FY2009 Chg DIVISION FINANCIAL REVIEW (S$) (S$) (%) Revenue 74.8m 74.2m +1 Profit before tax 18.7m 21.0m -11 Record revenue performance • Strong demand for location intelligence solutions and infrastructure management systems from g
Slide 39: Geo-Spatial Technology: Prospects
Geo-Spatial Technology Prospects Steady prospects DIVISION FINANCIAL REVIEW • Government agencies committed to allocating budgets for location intelligence solutions and infrastructure management systems
Slide 40: Thank You
= THANK You ° BOUSTEAD/ Since 1828
Slide 41: Questions & Answers
= QUESTIONS & ANSWERS ° BOUSTEAD/ Since 1828