Boustead Singapore Limited · SGX:F9D
Boustead Singapore — FY2009 Earnings Presentation
38 slides from Boustead Singapore's earnings presentation, May 28, 2009
Slide 1: FY2009 Financial Results Presentation
Boustead Singapore Limited 28 MAY 2009 FY2009 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 Financial Review Business Drivers 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: Financial Review
= FINANCIAL REVIEW ° BOUSTEAD/ Since 1828
Slide 11: Group Financial Results
Group Financial Results FY2009 FY2008 Chg FINANCIAL REVIEW (S$) (S$) (%) Revenue 516.6m 438.3m +17.9 Gross profit 143.1m 135.7m +5.4 Profit before tax 81.4m 75.7m +7.5 Net profit 60.1m 51.5m +16.8 Earnings per share 11.7cts *10.1cts +15.8 NAV per share 37.8cts *32.2cts +17.4 * adjusted to reflect on
Slide 12: Group Revenue by Segment
Group Revenue by Segment FY2009 FY2008 Chg FINANCIAL REVIEW (S$) (S$) (%) Engineering 438.8m 366.4m +19.8 Geo-Spatial 74.2m 67.8m +9.4 Investment 3.6m 4.1m -12.2 Group Total 516.6m 438.3m +17.9
Slide 13: Group Revenue Mix
FINANCIAL REVIEW Group Revenue Mix
Slide 14: Group Revenue
Group Revenue Seven consecutive years of record- FINANCIAL REVIEW breaking revenue 7-year CAGR: +15%
Slide 15: Group Net Profit
Group Net Profit Seven consecutive years of record- FINANCIAL REVIEW breaking net profit 7-year CAGR: +32%
Slide 16: Group Net Cash Position
Group Net Cash Position Healthy net cash position FINANCIAL REVIEW 5-year CAGR: +48%
Slide 17: Return on Shareholders' Equity
Return on Shareholders’ Equity Robust return on shareholders’ equity FINANCIAL REVIEW
Slide 18: Group Dividend
Group Dividend FY2009 FY2008 FINANCIAL REVIEW (S$) (S$) Special dividend *1.0cts Final dividend 2.5cts *2.5cts Interim dividend 1.5cts *1.5cts Total dividend 4.0cts *5.0cts Less: Special 0.0cts *1.0cts dividend 4.0cts *4.0cts * adjusted to reflect one-for-one share split in August 2008 for comparati
Slide 19: Group Dividend
Group Dividend Respectable dividend yield: >5% FINANCIAL REVIEW 5-year CAGR: +22%
Slide 20: Key Business Drivers
= KEY BUSINESS DRIVERS ° BOUSTEAD/ Since 1828
Slide 21: Group Orders Secured
Group Orders Secured Steady order book growth KEY BUSINESS DRIVERS 5-year CAGR: +30%
Slide 22: Energy-Related Engineering
Key Business Drivers Energy-Related Engineering
Slide 23: Energy-Related Engineering: Division Revenue & Profit before Tax
Energy-Related Engineering Division Revenue & Profit before Tax FY2009 FY2008 Chg KEY BUSINESS DRIVERS (S$) (S$) (%) Revenue 146.5m 137.2m +6.8 Profit before tax 18.5m 15.9m +16.4 Record revenue performance • Oil & gas - Progressive completion of major contracts - Foreign exchange effects • Solid
Slide 24: Energy-Related Engineering: Orders Secured
Energy-Related Engineering Orders Secured Increased length of negotiation for KEY BUSINESS DRIVERS contracts
Slide 25: Energy-Related Engineering: Prospects
Energy-Related Engineering Prospects Maintaining order book levels KEY BUSINESS DRIVERS • Current order book backlog: S$90m • Oil & gas - Global oil prices at US$60 per barrel - Negotiations to come back online over next few quarters • Solid waste energy recovery - Ongoing restructuring
Slide 26: Water & Wastewater Engineering
Key Business Drivers Water & Wastewater Engineering
Slide 27: Water & Wastewater Engineering: Division Revenue & Profit before Tax
Water & Wastewater Engineering Division Revenue & Profit before Tax FY2009 FY2008 Chg KEY BUSINESS DRIVERS (S$) (S$) (%) Revenue 26.8m 35.9m -25.3 Profit before tax (8.4m) (14.0m) +40.0 Slow revenue recognition • Finished remainder of major project with setbacks from FY2008 • Early stages of many
Slide 28: Water & Wastewater Engineering: Orders Secured
Water & Wastewater Engineering Orders Secured Improved order book but increased KEY BUSINESS DRIVERS length of negotiations for contracts
Slide 29: Water & Wastewater Engineering: Prospects
Water & Wastewater Engineering Prospects Aiming for profitability KEY BUSINESS DRIVERS • Current order book backlog: S$175m • Clean slate in FY2010 • Three largest projects to commence significant contribution • R&D opportunities • Business development in South East Asia, North Africa, Middle East
Slide 30: Real Estate Solutions
Key Business Drivers Real Estate Solutions
Slide 31: Real Estate Solutions: Division Revenue & Profit before Tax
Real Estate Solutions Division Revenue & Profit before Tax FY2009 FY2008 Chg KEY BUSINESS DRIVERS (S$) (S$) (%) Revenue 265.5m 193.3m +37.4 Profit before tax 58.9m 59.9m -1.7 Star performance • Industrial real estate solutions - Progressive completion of major projects • New township - Ongoing iss
Slide 32: Real Estate Solutions: Orders Secured
Real Estate Solutions Orders Secured Strong order book replenishment in KEY BUSINESS DRIVERS early FY2009
Slide 33: Real Estate Solutions: Prospects
Real Estate Solutions Prospects Evolving business model KEY BUSINESS DRIVERS • Current order book backlog: S$315m • Industrial real estate solutions - Shift in balance from design-and-build contracts to design, build and lease contracts - Sale of industrial leasehold facility unlikely to materiali
Slide 34: Geo-Spatial Technology
Key Business Drivers Geo-Spatial Technology
Slide 35: Geo-Spatial Technology: Division Revenue & Profit before Tax
Geo-Spatial Technology Division Revenue & Profit before Tax FY2009 FY2008 Chg KEY BUSINESS DRIVERS (S$) (S$) (%) Revenue 74.2m 67.8m +9.4 Profit before tax 21.0m 16.3m +28.8 Record revenue performance • Strong demand for location intelligence solutions and infrastructure management systems • Forei
Slide 36: Geo-Spatial Technology: Prospects
Geo-Spatial Technology Prospects Steady prospects KEY BUSINESS DRIVERS • Government agencies committed to allocating budgets for location intelligence solutions and infrastructure management systems
Slide 37: Thank You
= THANK You ° BOUSTEAD/ Since 1828
Slide 38: Questions & Answers
= QUESTIONS & ANSWERS ° BOUSTEAD/ Since 1828