Slide 1: FY2024 Results Presentation
FY2024 Results Presentation 26 February 2025
Slide 2: Disclaimer
Disclaimer The information contained in this presentation has not been independently verified. The Company assumes no responsibility or liability whatsoever (in negligence or otherwise) for, the accuracy or completeness of, or any errors or omissions in, any information or opinions contained herein
Slide 3: Agenda
1 Key Highlights 2 Business Overview 3 Financial Performance 4 Summary 5 Q&A
Slide 4: Key Highlights
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Slide 5: FY2024 Key Financial Highlights
FY2024 Key Financial Highlights FY2024 vs FY2023 FY2024 vs FY2023 Revenue Order book S$861.2 million 18.8% S$672.6 million 7.9% Gross margin (%) Order intake 28.0% 0.4pp S$800.7 million 19.1% EBITDA * Cash generated from operating activities S$82.2 million 29.1% S$33.1 million 40.8% EBITDA margin (%
Slide 6: FY2024 Key Highlights
FY2024 Key Highlights Electrification remains the Stable order book Improved working capital key revenue contributor efficiencies • Stable order book as at Dec 2024 of • Strong operating cashflow S$672.6 million generation from improved working capital management • Electrification S$395.0 million •
Slide 7: Business Overview
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Slide 8: FY2024 Business Updates - Electrification
FY2024 Business Updates - Electrification Key developments in FY2024 Lower order intake from USA region due to the absence of 1 large greenfield orders in FY2023, offset by growth in ANZ region Key markets: USA, Australia, New Zealand Strong growth in revenue and EBITDA for both USA and ANZ 2 region
Slide 9: FY2024 Business Updates - Communications
FY2024 Business Updates - Communications Key developments in FY2024 Growth in order intake from ANZ and UK flow orders, 1 offset by lower order intake from Singapore due to absence of large project awarded in 2023 Acquired RFC Wireless, a renowned provider of Key markets: USA, UK, 2 advanced communi
Slide 10: FY2024 Business Updates - Automation
FY2024 Business Updates - Automation Key developments in FY2024 Strong growth in order intake in the USA region, offset 1 by lower orders in the Asia Pacific region Key markets: USA, UK, Higher revenues recognised in both USA and Asia Pacific Australia, New Zealand, 2 regions Singapore Focus on impr
Slide 11: Strong underlying recurring revenue
Strong underlying recurring revenue FY2024 S$ million FY2024 FY2023 Change % 31% Flow Business * 593.4 629.6 -5.7% Large Greenfield Projects 267.8 95.5 180.5% Total 861.2 725.1 18.8% 69% Flow Business % 69% 87% Note: Total may not sum up due to rounding. *Includes Brownfield and Small Greenfield Pro
Slide 12: Financial Performance
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Slide 13: Summary Financials
Summary Financials Highlights: S$ million FY2024 FY2023 Change • Revenue grew by 18.8% year-on-year from S$725.1 million in FY2023 Revenue 861.2 725.1 18.8% to S$861.2 million, primarily driven by the Electrification and Gross profit 241.2 199.9 20.7% Automation business segments in the Americas and
Slide 14: FY2024 Breakdown By Business Segments
FY2024 Breakdown By Business Segments REVENUE EBITDA FY2024 FY2023 45.0 42.7 40.0 35.0 23% 29.7 24% 30.0 27.8 25.6 25.0 46% 20.0 50% 15.0 13.8 27% 30% 10.0 6.2 5.0 0.0 Electrification Communications Automation Electrification Communications Automation FY2024 FY2023 S$ million FY2024 FY2023 YoY % S$
Slide 15: FY2024 Breakdown By Geography Segments
FY2024 Breakdown By Geography Segments REVENUE EBITDA FY2024 FY2023 45.0 40.0 40.9 39.0 40.0 3% 3% 35.0 30.0 34% 25.0 37% 19.3 20.0 60% 15.0 63% 10.0 5.0 3.2 3.4 0.0 Americas Asia Pacific EMEA Americas Asia Pacific EMEA FY2024 FY2023 S$ million FY2024 FY2023 YoY % S$ million FY2024 FY2023 YoY % Amer
Slide 16: FY2024 Order Intake/Book By Business Segments
FY2024 Order Intake/Book By Business Segments Order Intake from Order Book from Continuing Operations Continuing Operations $800.7m $990.2m $672.6m $730.6m 181.5 192.3 177.8 186.2 247.7 104.7 99.9 230.7 561.1 433.5 394.9 383.8 FY2024 FY2023 FY2024 FY2023 Electrification Communications Automation Ele
Slide 17: Strong balance sheet and healthy cash flow
Strong balance sheet and healthy cash flow S$ million FY2024 FY2023 Cash generated from operating Generated a strong cash inflow 33.1 55.9 • activities from operating activities of S$33.1 million in FY2024 Gearing ratio (times) 0.28x 0.35x • Net gearing ratio of 0.28x as at 31 Dec 2024 vs 0.35x as a
Slide 18: Summary
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Slide 19: Growth Drivers – Emerging Megatrends
Growth Drivers – Emerging Megatrends Urbanisation Electrification Decarbonisation Artificial Intelligence • Currently, 56% of the • Process of substituting • Process of removal or • According to Statista(4), the world's population (4.4 fossil-fuel sources of reduction of CO2 output global AI market
Slide 20: Outlook for 2025
Outlook for 2025 CSE is well positioned to achieve a healthy financial performance in 2025 with an order book of S$672.6 million as at 31 December 2024. However, the current global economic outlook and inflationary pressures continue to present uncertainties in the markets we operate. Our strategy t
Slide 21: Proposed Dividend for FY2024
Proposed Dividend for FY2024 Dividend Track Record FY2024 3 Dividend (cents): 2.5 - Interim 1.25 2 1.5 1.5 1.5 1.5 1.15 - Final 1.15* 1.5 1 Payment date 11 June 2025 1.25 1.25 1.25 1.25 1.25 0.5 Book closure 28 April 2025 0 AGM 21 April 2025 FY2020 FY2021 FY2022 FY2023 FY2024 * Proposed and subject
Slide 22: Q&A
Q&A
Slide 23: Appendix 1
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Slide 24: Group Balance Sheet
Group Balance Sheet S$ million 31-Dec-24 31-Dec-23 PPE 54.1 70.3 Right-to-use assets 23.5 26.2 Intangible assets 107.4 93.4 Cash and bank balances 57.4 39.4 Asset held-for-sale 24.2 3.9 Net contract assets 35.5 28.1 Inventories 58.7 70.8 Trade and other receivables 167.3 153.0 Trade payables and acc
Slide 25: Group Cash Flow Statement
Group Cash Flow Statement S$ million FY2024 FY2023 As at beginning of the period 38.4 24.1 EBITDA* 82.2 63.6 Exceptional item: Settlement of arbitration and SBLC (18.5) - Other non-cash adjustments 0.0 2.6 Changes in working capital (16.2) 5.7 Interest and tax (14.4) (16.1) Cash flow from operating
Slide 26: Quarterly Revenue Trends
Quarterly Revenue Trends By Business, Q-o-Q (S$ million) ELECTRIFICATION COMMUNICATIONS 61.7 58.4 59.6 61.8 115.1 113.2 55.1 54.0 56.7 101.7 104.8 89.5 85.9 85.0 45.4 74.1 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 AUTOMATION GROUP 56.7 231.4 213.9 218.4 47.0 47.
Slide 27: Appendix 2
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Slide 28: About CSE Global
About CSE Global Leading systems integrator providing automation, communications and electrification solutions across various industries globally 1999 – 2000 2000 – 2020 2020 – 2022 2022 – 2024 New Substantial Fund Raising & Listing Acquisitions Shareholder Acquisitions Initial public offering on Ac
Slide 29: Geographical Presence
Geographical Presence CSE Crosscom UK Europe 15 CSE Crosscom USA countries North America CSE Global Singapore 63 CSE W-Industries offices North America ~2,000 CSE Australia Australia & New Zealand employees 29
Slide 30: Why Our Customers Choose Us
Why Our Customers Choose Us We exist because of our customers. Notable projects We make their jobs easier by solving their problems and delivering We have what it takes to get the job done and finish well – what they need. By applying our engineering knowledge to find the no problem is too big that
Slide 31: Our Business
Our Business Electrification Communications Automation Solutions provided for Flow Business Projects • Includes Brownfield and Small Greenfield Projects that tend to be Large Greenfield Projects recurring in nature • Complete, end-to-end 'program' solutions developed from concept to final commission
Slide 32: Our Solutions - Electrification
Our Solutions - Electrification Data Centres Electric Vehicle Charging Infrastructure Provision of data center electrification solutions Design, engineering and integration of to power 24x7 operations with switchgears, charging station systems to the grid. RPPs, busway, and prefabricated modular sol
Slide 33: Our Solutions - Communications
Our Solutions - Communications VSAT Satellite Fibre Optic Systems Microwave Radio Systems LAN/WAN Networks Conventional & Trunked Communications Networks Offer the highest throughput of Provide point-to-point or point- Design and construction services Radio Systems Typically used in remote areas all
Slide 34: Our Solutions - Automation
Our Solutions - Automation Process Control Systems Supervisory Control Remote Power Subsea Control Systems Wellhead Control Systems Hybrid or PLC-based systems & Data Acquisition Line Distribution PLC-based control system Used to control dry wellhead which monitor and control the Industrial control