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Annual General Meeting 24th April 2012
Presentation Outline
FY2011 Corporate Developments
FY2011 Financial Highlights
Outlook & Growth Strategies
Investor Friendly Measures
FY2011 Corporate Developments
FY2011 Corporate Development
Evolved from a traditional distributor into an integrated solutions provider in the marine & offshore and oil & gas sectors:
Supply Chain Management
• EPCM and front end engineering design for EIT systems
• Onshore and offshore facilities Engineering
Services
• Switchboard, Monitoring and Control System, Automation services
• Galvanised Steel Wire
• OEM & In-House Brands
Manufacturing
Upstream
Downstream
FY2011 Corporate Development - Manufacturing
Incorporated a wholly-owned subsidiary, Global Steel Industries Pte. Ltd (“GSI”) in May 2011
GSI entered into a JV with Takumul Investment Company S.A.O.C to establish Gulf Specialty Steel Industries LLC (“GSSI”) in Sultanate of Oman
Mr Vincent Lim, CEO of BH Global, addressing at the
Ground Breaking Ceremony in Oman
• Plant construction to complete by 1Q FY2013
•Annual production capacity of 60,000 tonnes, with potential to increase to 200,000 tonnes per annum
FY2011 Corporate Development – Engineering Services
New business segment initiated in 4QFY2010 Owns a 5-hectares fabrication yard in Batam, Indonesia Good contract winning momentum of about S$30 million in FY2011
• Potential to increase yard space to 35 hectares
• Construction to commence in phases over the next 3-5
years
FY2011 Corporate Development – LED Lightings
Entered into strategic partnership with to form GL Lighting Holding Pte Ltd and GL Lighting International Pte Ltd in 2011
GL Group has an established technical track record and more than 12 years of
experience in the LED business
Latent potential to be developed for marine and offshore uses; Additional revenue streams for the Group
FY2011 Corporate Development
Comprehensive logistics coverage and sales touch points across the globe that customers can rely upon
FY2011 Financial Highlights
FY2011 Financial Highlights
Revenue and Net Profit Track Record (S$’million)
81.994.6
101.6 103.1
143.4
17.5 19.2 14.7 11.4 12.9
FY2007 FY2008 FY2009 FY2010 FY2011
Revenue Net Profit Attributable to Shareholders
FY2011 Financial Highlights – Revenue Breakdown
Business Segments
62.0 , 43%
17.1 , 12%
64.3 , 45%
Supply Chain Management Manufacturing
Engineering Services
Geographical Markets
67.7 , 47%
33.1 , 23%
2.9 , 2%3.8 , 3%
2.7 , 2%
33.2 , 23%
Singapore South-East Asia East Asia
Middle East Others Europe
All amounts are stated in S$’million
FY2011 Financial Highlights – Strong Cash Position
-
5.0
10.0
15.0
20.0
25.0
30.0
FY2006 FY2007 FY2008 FY2009 FY2010 FY2011
8.0
10.6 11.4 11.0
24.5
17.0
Cash and cash equivalents
All amounts are stated in S$’million
FY2011 Financial Highlights – Consistent Dividend Payout
1.2 1.2
0.8 0.7 0.7
28.8%26.2%
22.9%
30.0%
26.0%
0.0%
10.0%
20.0%
30.0%
40.0%
-
1.0
2.0
FY2007 FY2008 FY2009 FY2010 FY2011
Dividend Payout (Sg cents) Dividend Payout Ratio (%)
Outlook & Growth Strategies
Growth Strategies
Uncertain and Challenging; To adopt a cautious approach
Strategic Focus on existing businesses
Ensure GSSI manufacturing plant on track
Develop M&O LED Lightings
Develop newly acquired fabrication yard in stages
FY2012 will be a year of consolidation
Investor Friendly Measures
Investor Friendly Measures
The Group advocates open and timely communications with investors through:
Semi-annual analyst briefings
Regular site visits to the Group’s HQ at 8 Penjuru Lane
Regular participation in media supplements and interviews with finance media
CEO explaining plant
operations to guests
enthusiastically during site
visit
Investor Friendly Measures
Efforts to ensure timely and transparent communications with investment community was duly recognised:
Best Managed
Board – 2011 – Silver
Best CFO – 2011 – Mr
Keegan Chua
Thank You! For more information please visit
www.bhglobal.com.sg Registration Number: 200404900H
No: 8 Penjuru Lane, Singapore 609189
Tel: (+65) 6291 4444
Fax: (+65) 6291 5777
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