Fullerton Hotel, Singapore 14 August 2012

Transcription

1 Fullerton Hotel, Singapore 14 August 2012

2 2Q 2012 Results Revenue PATMI Up 41.9% to S$144.2m S$21.1m incl. one-time gain on ebworx versus loss in 2Q11 Gross Margin Operating Cash (before Interest & Tax) EPS New Orders ROE ROE annualized Net Borrowing 28.3% versus 15.2% in 2Q11 Up 24% to S$7.0m 4.08 cents versus loss in 2Q11 Up 5.1% to S$115.3m 9.45% incl. one-time gain on ebworx versus loss in 2Q % excl. one-time gain Down from S$64.5m (Q1) to S$57.0m Net Gearing Down from 30.2% (Q1) to 25.6% 1

3 2Q 2012 FX Movement 2Q Q 2012 Variance (%) USD/SGD: GBP/SGD: (0.3) AUD/SGD: (2.6) EUR/SGD: (8.5) 2

4 2Q 2012 Constant Currency S$M 2Q Q 2012 Variance (%) 4Q 2011 Constant Currency Variance (%) Revenue: PAT: (7.0) 21.1 n.m n.m. 3

5 Q2 v Q1 Underlying Performance The change in FX has a material impact on the value of loans in US$ and A$ to subsidiary companies. These loans have tax advantages, but gives the FX exposure which is too expensive to hedge. Q1 Q2 Variance Business PAT % FX Effect on Loan Value 1.7 (1.2) Group PAT (10%) 4

6 Revenue by Business Sector Healthcare Revenue $7.8m % of Group 5% 6% Environmental Revenue $0.2m 60% % of Group 0.1% 123% 27% Telecommunications Revenue $43.1m % of Group 29.9% Automation Revenue $93.1m % of Group 65% 2Q 2012 v 2Q 2011 Automation Telecommunication & Security Healthcare Environmental 5

7 Revenue by Industry Mining & Minerals Reveneu $9.9m % of Group 7% 19% 6% Healthcare Revenue $7.8m % of Group 5% 11% 73% Infrastructure Revenue $21.8m % of Group 15% Oil & Gas Revenue $104.7m % of Group 73% 2Q 2012 v 2Q 2011 Oil & Gas Infrastructure Mining & Mineral Healthcare 6

8 Performance by Geographical Region Revenue $56m % of Group 39% 65% 2% Revenue $36m % of Group 25% Revenue 2Q % PAT $3.4m % of Group 16% 12% 61% PAT $12.6m % of Group 60% Revenue $52m % of Group 36% PAT 2Q 2012 PAT $5.1m % of Group 24% 131% Asia Pacific PAT incl. S$10.0m profit on disposal of ebworx 2Q 2012 v 2Q 2011 Asia Pacific EMEA The Americas 7

9 2Q 2012 Orders New orders Outstanding orders $519.3m $395.9m $369.9m % $201.1m % % % 74.4 FY H Q Q Q 3Q 2Q 1Q Oil & Gas, Mining & Minerals, etc Healthcare Business 8

10 1H 2012 Result Revenue PATMI Gross Margin Operating Cash (before Interest & Tax) EPS New Orders ROE Up 36.6% to S$278.9m S$33.7m incl. one-time gain on ebworx versus $S5.5m in 1H % versus 28.1% in 1H11 Up 21% to S$16.8m 6.53 cents versus 1.07 cents in 1H11 Down 6.2% to S$201.1m 15.1% incl. one-time gain on ebworx ROE annualized Net Borrowing 21.2% excl. one-time gain Down from S$70.0m (Q4) to S$57.0m Net Gearing Down from 34.3% (Q4) to 25.6% 9

11 1H 2012 FX Movement 1H H 2012 Variance (%) USD/SGD: GBP/SGD: (1.9) AUD/SGD: EUR/SGD: (7.0) 10

12 FY 2011 Constant Currency S$M 1H H 2012 Variance (%) 2H 2012 Constant Currency Variance (%) Revenue: PAT:

13 1H 2012 Revenue by Business Solutions Healthcare Revenue $16.7m % of Group 5.9% 9% 85% 27% Environmental Revenue $0.8m % of Group 0.3% 26% 100% Automation Revenue $186.5m % of Group 67% Telecommunications Revenue $74.9m % of Group 26.8% 1H 2012 v 1H 2011 Automation Telecommunication & Security Healthcare Environmental 12

14 1H 2012 Revenue by Industries Mining & Minerals Revenue $18.8m % of Group 7% 11% 8% Healthcare Revenue $16.7m % of Group 6% Infrastructure Revenue $42.8m % of Group 15% 13% 67% Oil & Gas Revenue $200.6m % of Group 72% 1H 2012 v 1H 2011 Oil & Gas Infrastructure Mining & Mineral Healthcare 13

15 1H 2012 Performance by Geographical Region 72.8% 3.0% Revenue $113.2m % of Group 41% Revenue 1H % Revenue $69.0m % of Group 24% Revenue $96.7m % of Group 35% PAT $6.8m % of Group 20% 68% PAT 1H % PAT $18.2m % of Group 54% 168% PAT $8.7m % of Group 26% Asia Pacific PAT incl. S$10.0m profit on disposal of ebworx 1H 2012 v 1H 2011 Asia Pacific EMEA The Americas 14

16 1H 2012 Group Balance Sheet S$M 1H/11 2H/11 1H/12 Cash at Hand & Bank: Work in Progress: Receivable: Payable: Loan: Net Loan: Shareholder Fund: Net Gearing (%):

17 1H 2012 Group Cashflow S$M 1H/11 1H/12 As at beginning of the period Proceeds from sale of Assoc. Company ebworx Bhd Dividends (20.6) (10.3) Net additional investment in subsidiaries & associates (33.3) - Operations Interest & Tax (10.1) (9.4) Capital Expenditure (1.5) (4.0) Bank Loans Net effect of FX on cash (2.0) (0.9) As at end of period

18 Business Outlook The world economy continues to make our work harder, but we continue to improve and all our business units are profitable. We remain on track to have 2012 back in line with 2010, excluding the exceptional profit from the sale of ebworx. 17

19 Interim Dividend The Board of Directors is pleased to announce an interim dividend payment of S$ per share. The payment date is to be advised. Name of Dividend Dividend type Dividend Amount per Share (in Singapore cents) Tax Rate Interim (One-Tier Tax Exempt) Dividend Cash 1.5 cents per ordinary share Tax-exempt one-tier 18

20 Questions Thank You Any Questions 19