Slide 1: 2Q & 1H2013 Results Briefing
2Q & 1H2013 Results Briefing 5 August 2013 1
Slide 2: Chairman's Opening Address
Chairman’s Opening Address 2
Slide 3: Opening Address by Mr. Lim Ho Seng, Chairman
Opening Address by Mr. Lim Ho Seng, Chairman • 1H2013 Performance - Net profit lower than 1H2012, primarily due to the gains recorded from disposal of PPL Holdings (S$58.2 million) and York Transport (S$10.9 million) during 1H2012 - Revenue and gross profit decreased by 22% and 11% respectively, due
Slide 4: Baker Tech Business Structure
Baker Tech Business Structure Marine Offshore Investments Corporate Sea Deep Shipyard Pte. Ltd. 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$3.6millio
Slide 6: Marine Offshore subsidiary - Sea Deep Shipyard
Marine Offshore subsidiary - Sea Deep Shipyard • A niche manufacturer of highly specialised equipment and components for use on drilling rigs in the offshore environment. Also provides repairs and refurbishment for such equipment. • Customers comprise mainly of national oil companies and major rig b
Slide 7: Financial Performance Review
Financial Performance Review 7
Slide 8: 2Q2013 Financial Performance
2Q2013 Financial Performance 2Q2013 2Q2012 % Change Y/E 31 Dec (S$ million) (S$ million) Revenue 22.1 25.0 12% Gross Profit 4.7 7.1 34% Other op income/ 9.9 57.8 83% expenses, net Profit before Tax 12.2 62.3 80% Profit after Tax 11.3 61.3 82% EPS (cents)^ 1.40 8.76 84% Fully Diluted EPS+ (cents) 1.2
Slide 9: 1H2013 Financial Performance
1H2013 Financial Performance 1H 2013 1H 2012 % Change Y/E 31 Dec (S$ million) (S$ million) Revenue 47.2 60.1 22% Gross Profit 10.7 12.0 11% Admin Expenses (3.8) (4.6) 18% Other op income/ expenses, net 10.0 68.6 85% Share of results from assoc (0.5) 0.6 NM Profit before Tax 16.4 76.5 79% Profit afte
Slide 10: Revenue Breakdown by Geographical Area
Revenue Breakdown by Geographical Area HY2012 HY2013 China 82% Singapore 21% China 65% Asia Middle Singapore Pacific* East 14% 2% 2% Middle East Asia 3% Pacific* 11% *excluding China & Singapore 10
Slide 11: Net Order Book Trend
Net Order Book Trend 2QFY13 Breakdown Asia by Geographical Area Pacific* 7% Singapore US$ million 55% China 120 38% 102 100 80 79 80 67 64 60 57 60 49 40 40 33 20 0 1QFY11 2QFY11 3QFY11 4QFY11 1QFY12 2QFY12 3QFY12 4QFY12 1QFY13 2QFY13 11
Slide 12: Robust Balance Sheet
Robust Balance Sheet As at 30 June 2013 As at 31 Dec 2012 (S$ million) (S$ million) Current Assets 240.6 249.7 Current Liabilities 19.6 24.3 Total Assets 251.6 292.5 Total Liabilities 19.6 24.3 Shareholders Equity 232.0 268.1 Gearing 0% 1.3% Available Cash 191.9 173.9 Cash Per Share : 22.0 cents 12
Slide 13: Outlook & Strategy
Outlook & Strategy • Global economic environment remains challenging and uncertain • However, the Group is confident of the oil and gas industry’s long term fundamentals • Continuing the search for suitable opportunities, to enhance shareholder value 13
Slide 14: 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 15: Thank You
Thank You IR and Media Contacts: Koh Bee Ann, NRA Capital Tel: 6236 6878 Email: beeann.koh@nracapital.com Evan Ong, NRA Capital Tel: 6236 6894 Email: evan.ong@nracapital.com 15