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Q4 2011 EARNINGS CALL – Baker Technology Limited

Baker Technology Limited · Feb 23, 2012 · 19 slides

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Slides

  1. Q4 2011 EARNINGS CALL – Baker Technology Limited – slide 1
    4Q & FY2011 Results Briefing 23 February 2012 1
  2. Q4 2011 EARNINGS CALL – Baker Technology Limited – slide 2
    Chairmans Opening Address 2
  3. Q4 2011 EARNINGS CALL – Baker Technology Limited – slide 3
    Opening Address by Lim Ho Seng, Chairman Looking beyond the headline numbers - Revenue up 68% to 81.1 million due to strong order intake since late 2010 to early 2011. - Core marine and offshore pretax profits in 2011 actually rose…
  4. Q4 2011 EARNINGS CALL – Baker Technology Limited – slide 4
    Baker Tech Business Structure Baker Technology Limited Marine Offshore Investments Corporate York Transport Sea Deep Shipyard Equipment (Asia) Pte 49% Ltd Pte. Ltd. Discovery Offshore 17% S.A Baker Tech, a leading…
  5. Q4 2011 EARNINGS CALL – Baker Technology Limited – slide 5
    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…
  6. Q4 2011 EARNINGS CALL – Baker Technology Limited – slide 6
    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…
  7. Q4 2011 EARNINGS CALL – Baker Technology Limited – slide 7
    York Transport Equipment (Asia) Baker Tech holds a 49% interest* in York which manufactures trailer axles, assembles trailer suspension kits and distributes a wide range of truck/ trailer components Market leader in Asia, Africa…
  8. Q4 2011 EARNINGS CALL – Baker Technology Limited – slide 8
    Discovery Offshore S.A. Discovery Offshore is incorporated in Luxembourg on January 12, 2011. A pure-play, ultra high-specification jackup drilling company, with two rigs under construction and options for two additional rig by…
  9. Q4 2011 EARNINGS CALL – Baker Technology Limited – slide 9
    Financial Performance Review 9
  10. Q4 2011 EARNINGS CALL – Baker Technology Limited – slide 10
    4Q 2011 Financial Performance 4Q 2011 4Q 2010 % Change Y/E 31 Dec (S million) (S million) Revenue 32.7 21.6 51% Gross Profit 8.0 11.5 30% Profit before Tax 3.8 8.5 56% Profit after Tax 2.8 7.1 60% EPS (cents) 0.41 1.04 61% Fully…
  11. Q4 2011 EARNINGS CALL – Baker Technology Limited – slide 11
    Net Order Book Trend US million 120 102 100 80 80 67 57 60 40 33 29 20 20 20 0 1QFY10 2QFY10 3QFY10 4QFY10 1QFY11 2QFY11 3QFY11 4QFY11 11
  12. Q4 2011 EARNINGS CALL – Baker Technology Limited – slide 12
    FY2011 Financial Performance FY 2011 FY 2010 % Change Y/E 31 Dec (S million) (S million) Revenue 81.1 48.4 68% Gross Profit 23.5 24.9 6% Admin Expenses (11.9) (8.5) 40% Other op income/ expenses, net (0.7) (2.3) 67% Share of…
  13. Q4 2011 EARNINGS CALL – Baker Technology Limited – slide 13
    Revenue Breakdown by Geographical Area FY 2010 Middle FY 2011 East Middle 4% East Singapore China 46% 19% Asia 31% Pacific* 20% Asia Singapore Pacific* 17% China 6% 57% *excluding China & Singapore 13
  14. Q4 2011 EARNINGS CALL – Baker Technology Limited – slide 14
    Revenue Breakdown by Product FY 2010 Crane & FY 2011 Crane & Skidding Skidding Others Others Systems System 1% 1% 20% 20% Jacking System & Specialised Jacking System & Specialised Steel Components Steel Components 79%…
  15. Q4 2011 EARNINGS CALL – Baker Technology Limited – slide 15
    Net Orderbook Breakdown by Geographical Area by Product Crane & Asia Skidding Pacific* System 1% 11% Singapore 11% Jacking System & Specialised China Steel Components 88% 89% *Excluding China and Singapore 15
  16. Q4 2011 EARNINGS CALL – Baker Technology Limited – slide 16
    Robust Balance Sheet As at 31 Dec 2011 As at 31 Dec 2010 (S million) (S million) Current Assets 225.5 239.8 Current Liabilities 95.6 75.9 Total Assets 267.4 263.3 Total Liabilities 95.6 76.2 Shareholders Equity 171.8 187.1 Gearing 0%…
  17. Q4 2011 EARNINGS CALL – Baker Technology Limited – slide 17
    Outlook & Strategy Order enquiries still slow due to uncertainties in global economy and volatility in financial markets but healthy order book of US80 million to underpin 2012 performance Sea Deep continues to innovate and enhance…
  18. Q4 2011 EARNINGS CALL – Baker Technology Limited – slide 18
    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…
  19. Q4 2011 EARNINGS CALL – Baker Technology Limited – slide 19
    Thank You IR and Media Contact: Juliet Ang, NRA Capital Tel: 6236 6895 Email: juliet.angnracapital.com Hu Junli, NRA Capital Tel: 6236 6894 Email:: junli.hunracapital.com

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