Mencast Holdings Ltd. · SGX:5NF
Mencast — RHB-OSK|DMG ASEAN & Hong Kong Corporate Day (January 2014)
35 slides from Mencast's conference presentation, Jan 9, 2014
Slide 1: Mencast Holdings Ltd. Corporate Presentation
MENCAST HOLDINGS LTD. CORPORATE PRESENTATION DATE : 9 JAN 2014 EVENT : RHB-OSK|DMG ASEAN & HONG KONG CORPORATE DAY
Slide 2: Disclaimer
Disclaimer The information in this presentation does not constitute or form any part of an offer, invitation or recommendation to subscribe for, retain, or purchase any securities in Mencast Holdings Ltd. Information in this presentation, or anything contained in it, will not form the basis of any c
Slide 3: Contents
Contents • Corporate Video • Group Overview and Competitive Strengths • Operations Review • Financial Review - FY2012 & 3Q FY2013
Slide 4: Corporate Video
Corporate Video 4
Slide 5: Group Overview and Competitive Strengths
Group Overview and Competitive Strengths
Slide 6: 3 Growth Engines Overview
Overview Net Profit (S$’000) 3 Growth engines - Offshore & Engineering - Marine - Energy 33 Year track record of excellence 700+ 4,816 5,803 7,033 8,505 10,236 13,342 Employees FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 Through leadership in Maintenance, Repair & Overhaul (“MRO”) to the Oil & Gas and
Slide 7: Mencast serves the Global Energy Cycle
Mencast serves the Global Energy Cycle VL ENERGY CYCLE Exploration & Production Offshore structure engineering and fabrication for exploration, production and seismic survey Pressure vessels, tanks, skid plates and precision components Exploration Remediation Rig positioning and thruster installatio
Slide 8: Sustained Energy Demand Growth
Sustained Energy Demand Growth Source: BP Statistical Review of World Energy, June 2012 8
Slide 9: Business Divisions: Primed for Growth
Business Divisions: Primed for Growth Offshore and Engineering Revenue by Segments (S$’000) Excluding 4Q2013 Marine Energy Offshore and Engineering 9
Slide 10: Key Customers
Key Customers Strong relationships with the customers have allowed Mencast to secure contracts averaging 3 to 5 years. Supporting Partners Across Offshore, Marine and Oil & Gas Sectors Offshore & Engineering Marine Energy Services 10
Slide 11: BHAG 2020: One Billion Market Cap
Roadmap:One Roadmap: OneBillion BillionMarket MarketCap. Cap. KEY DRIVERS Revenue Growth Strong demand for MRO from Singapore and new markets. US$2 billion revenue potential from identified markets. $50m + Margins Subject to market conditions, the Group targets long term net margin of over 10% Marke
Slide 12: Primed for High Quality Growth
Primed for High Quality Growth Favourable Demand Capability Capacity Increase Expansion 12
Slide 13: Operations Review
~ Ra Yiencasc PARTNER PERFECT
Slide 14: Slide 14
Slide 15: Offshore & Engineering
OFFSHORE & ENGINEERING Mencasb PARTNER PERFECT 15
Slide 16: Offshore & Engineering
OFFSHORE & ENGINEERING Mencast PARTNER PERFECT
Slide 17: Offshore & Engineering
OFFSHORE & ENGINEERING PARTNER PERFECT
Slide 18: 42B Penjuru Road Machining Facilities
42B Penjuru Road 5 Axis Milling Centre CNC Vertical Lathe Machine CNC Horizontal Turn-Mill Machine CNC Horizontal Milling Centre
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Slide 20: Marine
MARINE Mencasb PARTNER PERFECT 20
Slide 21: Marine
MARINE PARTNER PERFECT 21
Slide 22: Marine
MARINE PARTNER PERFECT 22
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Slide 24: Energy Services
ENERGY SERVICES PARTNER PERFECT
Slide 25: Mencast serves the Global Energy Cycle
Mencast serves the Global Energy Cycle VL ENERGY CYCLE Exploration Remediation Production Maintenance Distribution 25
Slide 26: Accreditations and Certifications
Accreditations and Certifications 26 26
Slide 27: Financial Review - FY2012 & 3Q FY2013
Financial Review - FY2012 & 3Q FY2013
Slide 28: Group's Financial Performance – FY2012 & 3Q FY2013
Group’s Financial Performance – FY2012 & 3Q FY2013 S$’000 Audited Unaudited FY FY Change (%) 3Q FY 3Q FY Change (%) 2012 2011 2013 2012 Revenue 84,086 56,358 49.2 71,238 56,324 26.5 Gross Profit 26,492 22,543 17.5 23,432 18,260 28.3 Gross Margin 31.5% 40.0% - 32.9% 32.4% - Other Gains - net 4,266 37
Slide 29: Group's Financial Position
Group’s Financial Position S$’000 Change (%) 30 Sep 2013 31 Dec 2012 31 Dec 2011 Total Assets 36.9 267,129 195,146 137,225 Total Liabilities 59.2 166,880 104,824 80,067 Total Debt * 110.4 127,436 60,575 39,343 Net Debt** 89.3 77,347 40,859 29,892 Total Equity *** 11.0 100,249 90,322 57,158 Gearing R
Slide 30: Group's Financial Performance
Group’s Financial Performance Strong and consistent growth in earnings S$’000 Revenue S$’000 Gross Profit 90,000 84,086 30,000 26,492 80,000 71,238 25,000 22,543 23,432 70,000 60,000 56,358 20,000 16,037 50,000 15,000 40,000 32,031 30,000 10,000 20,000 5,000 10,000 0 0 FY2010 FY2011 FY2012 3Q FY2013
Slide 31: Group's Financial Position
Group’s Financial Position Steady growth in equity base and asset size while maintaining low gearing. S$’000 Total Equity S$’000 Total Assets 120,000 300,000 267,129 100,249 100,000 90,322 250,000 195,146 80,000 200,000 57,158 137,225 60,000 150,000 40,517 40,000 100,000 62,141 20,000 50,000 0 0 FY2
Slide 32: Scalable Platform for High and Sustainable Growth
Building a Strong Growth Platform Strong Processes Focus on Group Synergy Diversified for and Management High Growth and Cost Increased Earnings Control Systems Markets Sharing Quality Mencast MRO Platform Scalable Platform for High and Sustainable Growth 32
Slide 33: OSK-DMG Initiation Report on Mencast
OSK |DMG initation Mencast Holdings (mcast sp) Energy & Petrochemicals - Ol & Gas Services: Market Cap: USD121m Built To Last a ee ET ~EERERREEER SERRERER EE it i tl He rf j ! g | i ( | i i : Hl i it fi : 1} | * t in his roadmap, Mencast executive chairmaniCEO Me Gienndie Sir, who was the winner of
Slide 34: Equity Analysts Bullish
Equity Analysts Bullish From 12 page report (14 June 2013): “We expect the group to achieve an average net profit growth of 20% over the next three years.” “Further successful integration will improve its advantages of economies of scale. “31% upside from current price” YTD 20% outperformance versus
Slide 35: Thank You!
THANK YOU! MENCAST HOLDINGS LTD. 42E Penjuru Road, Mencast Central Singapore 609161 www.mencast.com.sg
Mencast Holdings — RHB-OSK|DMG ASEAN & Hong Kong Corporate Day (January 2014) on 6ix