Slide 1: 2Q & 1H2014 Results Briefing
2Q & 1H2014 Results Briefing 31 July 2014
Slide 2: Executive Summary
Executive Summary
Slide 3: Executive Summary
Executive Summary ▪ 2Q2014 Performance ▪ Net profit stands at $0.7million due to the absence of divestment gain in 2013. ▪ Revenue fell from $22.1 million to $17.8 million compared to 2Q2013, due to lower revenue recognition for existing projects. ▪ Gross profit eased 16% to $3.9 million. ▪ 1H2014 P
Slide 4: Recent Awards
Recent Awards ▪ Singapore Corporate Awards 2014 ▪ Best Managed Board – Gold ▪ Second Gold award ▪ Best Annual Report – Silver ▪ Third Silver award ▪ For companies with less than $300m in market capitalisation 4
Slide 5: Subsidiaries
Subsidiaries
Slide 6: Organisational Structure
Organisational Structure Sea Deep Shipyard Baker Engineering BT Investment Corporate Pte. Ltd. Pte. Ltd. Pte. Ltd. Baker Technology is a leading manufacturer and provider of specialised equipment and services for the oil & gas industry. 6
Slide 7: Our Subsidiaries
Our Subsidiaries • A niche manufacturer of highly specialised equipment and components for use on drilling rigs in the offshore environment. Also provides repairs and refurbishment for such equipment. • Customers comprise mainly of national oil companies and major rig builders in China, Singapore an
Slide 8: Our Subsidiaries
Our Subsidiaries ▪ Design, engineering, project development and shipbuilding for the oil & gas industry ▪ Completed the design of a state-of-the-art Liftboat (self- propelling multi-purpose jack up vessel) ▪ Construction has commenced in our Singapore yard for sale or ownership and charter with or w
Slide 9: Our Subsidiaries
Our Subsidiaries ▪ Type: Class 320 Liftboat (BEL320-4R200S) ▪ Class: ABS Classification A1, Self-Elevating Unit, AMS, ACCU, DPS2 Unrestricted Service ▪ Hull Dimensions: ▪ Length of main deck: 64.0m ▪ Overall length including helideck 80.0m ▪ Breadth of main deck: 40.0m ▪ Depth of main hull: 6.2m ▪
Slide 10: Our Subsidiaries
Our Subsidiaries ▪ Acquisitions and strategic alliances with companies. ▪ Potential sectors:- ✓ Oil & gas ✓ Offshore marine ▪ Geographical spread:- ✓ International ✓ Domestic 10
Slide 11: Financial Performance Review
Financial Performance Review
Slide 12: 2Q2014 Financial Performance
2Q2014 Financial Performance 2Q2014 2Q2013 % Change Y/E 31 Dec (S$ million) (S$ million) Revenue 17.8 22.1 20% Gross Profit 3.9 4.7 16% Other op income/ (0.3) 1.0 NM expenses, net Gain on disposal of - 8.9 100% associate Profit before Tax 1.2 12.2 90% Profit after Tax 0.7 11.3 93% EPS (cents)^ 0.08
Slide 13: 1H2014 Financial Performance
1H2014 Financial Performance 1H2014 1H2013 % Change Y/E 31 Dec (S$ million) (S$ million) Revenue 36.3 47.2 23% Gross Profit 8.8 10.7 17% Admin Expenses (5.1) (3.8) 34% Other op income/ expenses, net (0.2) 1.1 NM Gain on disposal of associate - 8.9 100% Share of results from assoc - (0.5) 100% Profit
Slide 14: Revenue Breakdown by Geographical Area
Revenue Breakdown by Geographical Area 1H2013 1H2014 Singapore China 29% 65% Singapore 21% China 58% Asia Middle Pacific* East 11% 3% Middle East 6% Asia Pacific* 7% *excluding China & Singapore 14
Slide 15: Net Order Book Trend
Net Order Book Trend 1H2014 US$ million China 120 77% Singapore 19% 100 79 Middle East 80 Asia Pacific* 2% 64 2% 61 60 60 55 54 54 49 40 40 33 20 0 1QFY12 2QFY12 3QFY12 4QFY12 1QFY13 2QFY13 3QFY13 4QFY13 1QFY14 2QFY14 *Excluding China and Singapore 15
Slide 16: Balance Sheet
Balance Sheet As at 30 Jun 2014 As at 31 Dec 2013 (S$ million) (S$ million) Current Assets 200.4 239.2 Current Liabilities 23.0 16.3 Total Assets 226.0 256.2 Total Liabilities 23.0 16.3 Shareholders Equity 203.1 239.8 Gearing 0% 0% Available Cash 153.9 205.9 Cash Per Share : 17 cents 16
Slide 17: Outlook & Strategy
Outlook & Strategy ▪ The Group is optimistic on the long term fundamentals of the oil & gas industry given the ongoing queries on offshore components and equipment. ▪ BEPL has completed its design for a state-of-the-art Liftboat and will be commencing construction for future sale or ownership with c
Slide 18: Q&A
Q&A BAKER Technolo limited
Slide 19: Thank You
Thank You IR and Media Contacts: Alvin Tan Lorraine Lee Tel: 6262 1380 Email: investor_relations@bakertech.com.sg 19
Slide 20: Disclaimer
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, but n