REPL::Annual General Meeting::Voluntary

Issuer & Securities

Issuer/ Manager CSC HOLDINGS LIMITED

Security CSC HOLDINGS LTD - SG1F84861094 - C06

Announcement Details

Announcement Title Annual General Meeting

Date & Time of Broadcast 26-Jul-2017 17:42:23

Status Replacement

Announcement Reference SG170711MEETDCHW

Submitted By (Co./ Ind. Name) Lee Quang Loong

Designation Company Secretary

Financial Year End 31/03/2017

Event Narrative

Narrative Type Narrative Text

Additional Text

Please refer to the attachments on:- 1) Notice of AGM; 2) Results of AGM; and 3) AGM Presentation Slide

Event Dates

Meeting Date and Time 26/07/2017 10:00:00

Response Deadline Date 24/07/2017 10:00:00

Event Venue(s)

Place

Venue(s) Venue details

Meeting Venue 4th Floor, No. 2 Tanjong Penjuru Crescent, Singapore 608968

AttachmentsNotice of AGM.pdf

AGM Results.pdf

AGM Presentation Slide.pdf

Total size =2660K

Related Announcements 11/07/2017 17:18:56

Page 1 of 1REPL::Annual General Meeting::Voluntary

26/7/2017http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=Announcem...

CSC HOLDINGS LIMITED Co Registration No. 199707845E

RESULTS OF 20

TH ANNUAL GENERAL MEETING

The Board of Directors of CSC Holdings Limited (the “Company”) wishes to announce that at the annual general meeting (“AGM”) held on 26 July 2017, all the proposed resolutions relating to the business set out in the Company’s Notice of AGM dated 11 July 2017 were duly passed by way of polls as follows:-

Resolutions No. and details

Total no. of Shares

represented by votes for and against the Resolutions

For Against

No. of Shares

As a % of total number of votes for and against the resolutions

No. of Shares

As a % of total no. of votes for and against the

resolutions

ORDINARY BUSINESS (ORDINARY RESOLUTIONS)

Resolution 1

Adoption of Directors’ Statement and Audited Financial Statements for the year ended 31 March 2017

1,306,489,073 1,305,809,073 99.95 680,000 0.05

Resolution 2

Re-election of Mr Teo Beng Teck as a Director

1,171,002,073 1,170,255,073 99.94 747,000 0.06

Resolution 3

Re-appointment of KPMG LLP as Auditors

1,176,262,073 1,175,575,073 99.94 687,000 0.06

Resolution 4

Approval of Directors’ Fees amounting to $321,000, for the financial year ending 31 March 2018

1,158,951,907 1,158,141,907 99.93 810,000 0.07

SPECIAL BUSINESS (ORDINARY RESOLUTIONS)

Resolution 5

Authority to issue shares

1,306,362,073 1,175,532,073 89.99 130,830,000 10.01

Resolution 6

Authority to offer and grant awards under The CSC Performance Share Scheme

1,287,349,407 1,155,977,407 89.80 131,372,000 10.20

Details of parties who are required to abstain from voting on the resolutions: Resolutions No. and details Parties who are

required to abstain Name of Shareholders No. of shares

held

ORDINARY BUSINESS (ORDINARY RESOLUTIONS)

Resolution 2 Re-election of Mr Teo Beng Teck as a Director

Director who are subjected to the re-

election

Teo Beng Teck 5,260,000

Resolution 4

Approval of Directors’ Fees amounting to $321,000, for the financial year ending 31 March 2018

Directors who received the Directors’

Fees

Chee Teck Kwong Patrick

5,949,333

Tan Ee Ping

6,089,333

Teo Beng Teck

5,260,000

SPECIAL BUSINESS (ORDINARY RESOLUTIONS)

Resolution 6

Authority to offer and grant awards under The CSC Performance Share Scheme

Directors and employees of the

Group

Chee Teck Kwong Patrick 5,949,333

Kong Chee Kee 55,000

Koo Chung Chong 1,659,000

Tan Ee Ping 6,089,333

Teo Beng Teck 5,260,000

Name of firm and / or person appointed as scrutineer RHT Corporate Advisory Pte Ltd was the appointed scrutineer for the AGM. Statement pursuant to of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited (“SGX-ST”) which relates to the reappointment of a director to the audit committee Mr Teo Beng Teck was re-elected as a Director of the Company at the AGM. He will remain as a member of the Risk Management, Audit and Remuneration Committees. He is considered non-independent for the purpose of Rule 704(8) of the Listing Manual of the SGX-ST.

BY ORDER OF THE BOARD Lee Quang Loong Company Secretary Date: 26 July 2017

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5 Years Financial Summary

2

Drop in revenue for constructionservices due to decline in demand,depressed tender prices

Gross Profit and GPM were weigheddown by a very competitive andchallenging operating environment

Revenue 533.1 487.1 427.9 382.3 252.4

Gross Profit 40.6 33.8 24.1 24.3 8.2

Gross Profit Margin ("GPM") 7.6% 6.9% 5.6% 6.4% 3.3%

Profit/(Loss) After Tax, Adjusted 7.9 0.9 (10.4) (6.4) (23.7)

EBITDA 36.3 37.0 19.2 24.4 8.2

FY16

$'million

FY17

$'million

FY13

$'million

FY14

$'million

FY15

$'million

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Headcount & Staff Costs

2,106 2,006 1,871 1,678

1,578

-

500

1,000

1,500

2,000

2,500

FY13 FY14 FY15 FY16 FY17

Headcount

Group’s headcount down by 528 pax or 25.1%Group’s staff costs down by $14 m or 19.2% since FY13

Figures are shown in S$m

$71 $71 $69 $66 $57

-

10

20

30

40

50

60

70

80

FY13 FY14 FY15 FY16 FY17

Staff Costs

3

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Fixed Assets & Depreciation Cost

Figures are shown in S$m

PPE denotes Property, Plant & Equipment

4

Equipment fleet had downsized by more than 20%since the construction sector’s downturn

Total carrying value of PPE being sold is $12.9 millionsince FY13

$31.3 m

$26.9 m

24.0

25.0

26.0

27.0

28.0

29.0

30.0

31.0

32.0

FY13 FY14 FY15 FY16 FY17

Depreciation Cost

Depreciation cost has reduced by $4.3 million per annum or 13.8% since FY13

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Loans & Borrowings, Debt / Equity Ratio

$168.1 m

$85.7 m

-

50

100

150

200

FY13 FY14 FY15 FY16 FY17

Loans & Borrowings86.3%

50.2%

0.0%

25.0%

50.0%

75.0%

100.0%

FY13 FY14 FY15 FY16 FY17

Debt / Equity Ratio

Loans and borrowings has reduced by $82.5 million or 49.0% since FY13

Debt / Equity ratio has been reduced to 50.2%from 86.3% (41.9% reduction since FY13)

Figures are shown in S$m

5

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P R O D U C T I V I T Y

The New RC Pile Handler

RC Piles are lifted by placing a pair of

forks underneath it, held down securely

with a pair of clamps, eliminating risks

of heavy RC Pile being jostled

uncontrollably during handling. The forks

are mounted onto a base machine

where the pile is maneuvered securely

to the desired location.

Productivitysavings/gains

Manpower savings

Timesavings

33%

425%

50%

Piles per man-hours gains

No. of piles per day gains

Handling cost per pile savings

71%

73%

Advantages

Less labour intensive

Minimizescommunication error.

Higher productivity

Lower risk of accident.

Less skills requiredby banks man.

Productivity

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E F F I C I E N C Y

The New Mobile Site Reporting (MSR) A real-time, on-site production reporting

application. The front-end mobile app e-captures

daily production records, site journals and

inventory, and machinery movements in real-

time. The back-end app manages the project

details, design specifications, production and

claims report, and inventory and machinery

movement reports. This app enables timely and

accurate transmission of operational information

between project sites and head office, and

enables management to make more informed

decisions.

Productivitysavings/gains

Manpower savings

Site recording efficiency gains

150%

800%

55%

Non-production efficiency gains

Overall man-day savings

Productivity gains

25%

33%

Efficiency

Advantages

Online system can be accessed anywhere and

anytime.One-time data entry ensures data integrity

Auto-calculation eliminates human error.

Electronic data is quick and easy to retrieve.

Timely and accurate reports help management

make quick and more informed decisions.

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O P T I M I Z AT I O N

The New TuasYardBuilt on 49,000sqft of land with 62,425sqft of

higher quality usable area by leveraging the

industrial gross floor area.

New equipment with improved capability.

Created as an advanced support control

centre, fabrication and machine

maintenance workshops, it harnesses

synergies within the facility.

Productivitysavings/gains

Usable space gains

Rental savings

75%

5%

10%

Manpower savings

External source machine

rental cost savings

Maintenance of facility cost

savings

27%

25%

AdvantagesMaximized land usage.

Improved communicationand coordination

of common resources.

Better equipment and facilities for a

better work environment.

Covered workplaces enhances overall

workers’ health and wellness,boosting

productivity.

Improves work safety significantly.

Optimization

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NEW YARDEquipment and accessories are nowstored on the roofs,maximizing land usage

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