Slide 1: 4Q & FY2013 Results Briefing
4Q & FY2013 Results Briefing 19 February 2014 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 • 4Q2013 net profit S$4.2 million, 340% higher than 4Q2012 despite marginal drop in revenue • Profitability boosted by higher project margins and gains from favourable foreign exchange conditions • FY2013 revenue of S$83.3 million, a decrease of 15% owing
Slide 4: Baker Tech Business Structure
Baker Tech Business Structure Baker Sea Deep BT Investment Engineering Corporate Shipyard Pte. Ltd. Pte. Ltd. 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 owned a 15% stake in PPL Shipyard) for S$3.6milli
Slide 6: Recent Updates: Baker Engineering and BT Investment
Recent Updates Baker Engineering Pte. Ltd. • Design, engineering, development and fabrication of components and equipment for the oil & gas and offshore marine industry • Fabrication yard at 10 Jalan Samulun – Acquired last year – Staff moved in 4 weeks ago – In the process of completing the office
Slide 7: Marine Offshore subsidiary - Sea Deep Shipyard
Marine Offshore subsidiary - Sea Deep Shipyard • A niche manufacturer of highly specialised equipment and components for use on drilling rigs in the offshore environment. Also provides repairs and refurbishment for such equipment. • Customers comprise mainly of national oil companies and major rig b
Slide 8: Financial Performance Review
Financial Performance Review 8
Slide 9: 4Q2013 Financial Performance
4Q2013 Financial Performance 4Q2013 4Q2012 % Change Y/E 31 Dec (S$ million) (S$ million) Revenue 15.4 16.4 6% Gross Profit 6.4 5.0 28% Other op income/ 1.0 (0.3) NM expenses, net Profit before Tax 5.2 1.4 284% Profit after Tax 4.2 1.0 340% EPS (cents)^ 0.47 0.13 262% Fully Diluted EPS+ (cents) 0.40
Slide 10: FY2013 Financial Performance
FY2013 Financial Performance FY2013 FY2012 % Change Y/E 31 Dec (S$ million) (S$ million) Revenue 83.3 98.2 15% Gross Profit 23.8 25.1 5% Admin Expenses (7.8) (9.7) 20% Other op income/ expenses, net 10.6 69.0 85% Share of results from assoc (0.5) 0.6 NM Profit before Tax 26.1 84.8 69% Profit after T
Slide 11: Revenue Breakdown by Geographical Area
Revenue Breakdown by Geographical Area FY2012 FY2013 China Singapore 77% 25% China 62% Asia Middle Singapore Pacific* East 19% 3% 1% Asia Middle East Pacific* 2% 11% *excluding China & Singapore 11
Slide 12: Net Order Book Trend
Net Order Book Trend 4QFY13 Breakdown by Geographical Area China 76% US$ million 120 102 Middle 100 Singapore East 23% 1% 80 79 80 64 60 55 54 60 49 40 40 33 20 0 3QFY11 4QFY11 1QFY12 2QFY12 3QFY12 4QFY12 1QFY13 2QFY13 3QFY13 4QFY13 12
Slide 13: Robust Balance Sheet
Robust Balance Sheet As at 31 Dec 2013 As at 31 Dec 2012 (S$ million) (S$ million) Current Assets 239.2 249.7 Current Liabilities 16.3 24.3 Total Assets 256.2 292.5 Total Liabilities 16.3 24.3 Shareholders Equity 239.8 268.1 Gearing 0% 1.3% Available Cash 205.9 173.9 Cash Per Share : 23.6 cents 13
Slide 14: Outlook & Strategy
Outlook & Strategy • Prospects in the near term will remain challenging • However, the Group is confident of the oil and gas industry’s long term prospects • Continuing to seek new opportunities to diversify and increase revenue streams • Incorporated two subsidiaries, Baker Engineering and BT Inves
Slide 15: 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 16: 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 6895 Email: evan.ong@nracapital.com 16