Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Ezra Holdings — FY2010 Earnings Presentation
13 slides from Singapore Exchange's earnings presentation, Oct 22, 2010
Slide 1: FY10 Results Briefing
FY10 Results Briefing 22 October 2010
Slide 2: FY2010 Results Round-Up
FY2010 Results Round‐Up Revenue US$353.6m 7% PATMI US$76.1m 9% Recurrent PATMI US$69.5m 10% EPS 11.56 US¢ 1% Dividend/share 1.5S¢ 2
Slide 3: Performance Across Divisions
Performance Across Divisions FY 2009 Revenue FY 2010 Revenue Deepwater Deepwater Subsea Subsea US$20.7m US$20 7m US$46.2m 6% 14% Offshore Support Marine Marine Offshore Support US$134.2m US$92 7 US$92.7m US$190 5m US$190.5m US$198 7m US$198.7m 38% 28% 58% 56% Offshore Support Marine Deepwater Subsea
Slide 4: Performance Across Divisions
Performance Across Divisions R Revenue Offshore Support 10 months operations of Lewek Scarlet US$8.2m 4% 1 – 4 months operations of Lewek Aries and Lewek Merlin Marine Increased procurement, equipment supply and engineering US$41.5m 45% activities in Vietnam Deepwater Subsea US$25.5m Differe
Slide 5: Steady Gross Profit Margins
Steady Gross Profit Margins Margin (%) FY10 FY09 Overall Gross Profit Margin 29 31 ‐ Offshore 35 38 ‐ Marine 25 24 ‐ Subsea 3 13 5
Slide 6: Sound Balance Sheet
Sound Balance Sheet US$ m FY10 FY09 Change % Long Term Assets 914.3 551.8 65.7 Current Assets 515 7 515.7 400 0 400.0 28 9 28.9 Current Liabilities 366.5 239.3 53.2 Shareholders’ funds 592.9 534.1 11.0 Non Current Liabilities 470 1 470.1 178 3 178.3 163 7 163.7 Net Debt 467.4 149.0 213.7 Cash & Equi
Slide 7: Key Financial Ratios
Key Financial Ratios Ratios FY10 FY09 Current Ratio (x) 14 1.4 17 1.7 Interest Cover (x) 6.0 10.0 Admin Expenses/Sales (%) 14.0% 9.7% 7
Slide 8: Strong Earnings Track Record
St Strong EEarnings i TTrackk R Record d 180 160 140 120 US$’m 100 Recurrent PATMI 80 PATMI 60 40 20 0 2004 2005 2006 2007 2008 2009 2010 Solid base upon which Deepwater Subsea Services will drive future growth 8
Slide 9: Vision For Tomorrow - Keeping Our Focus
Vision For Tomorrow ‐ Keeping Our Focus 9
Slide 10: Expanding to New Markets and New Services
Expanding d to New Markets k andd New Services North Sea London Gulf of Mexico Middle East China Thailand Vietnam India Philippines West Brunei Africa Malaysia North/South Africa America Australia Legend: Target Markets New Zealand Current operations Extensive global profile: Offices in London, Hous
Slide 11: Deepwater Subsea - Key Growth Driver
Deepwater Subsea ‐ Key Growth Driver EZRA IS WELL POSITIONED TO BENEFIT Over 70% of Ezra’s AHT/AHTS fleet is deepwater capable (vs. 30% of the global AHTS fleet) DP3 capability places Ezra in a niche market Ezra’s subsea management hires possess the execution know‐ how and have established str
Slide 12: Acquisition of Aker Marine Contractors
Staying Focused, Propelling Growth Acquisition of Aker Marine Contractors One of the world’s leading subsea SURF installation companies with a strong track record in executing some of the most complex offshore projects ever 12
Slide 13: Thank You!
Thank You! Yo ! Disclaimer: This material includes forward‐looking statements prepared by Ezra Holdings Limited (“Company”). The opinions, forecasts, projections or other statements other than statements of historical fact, including, without limitation, estimates of proved reserves of oil and gas,