Towering Powering Energising Innovating
ANALYST & INVESTOR BRIEFING 1Q 2014 RESULTS 28 MAY 2014
- 2 -
DISCLAIMER The information in this presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to subscribe for or purchase of any ordinary shares (“Shares”) in Eversendai Corporation Berhad (“Eversendai”) in Malaysia, the United States or any other jurisdiction.
This presentation may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Although Eversendai believes that such forward-looking statements are based on reasonable assumptions, it can give no assurance that such expectations will be met. Eversendai, its affiliates, agents, advisers and their respective directors, officers, partners, employees and representatives assume no responsibility to amend, modify or revise any forward-looking statements on the basis of any subsequent developments, information, events or otherwise.
Representative examples of these factors include (without limitation) general industry and economic conditions, continuing political and social stability in the countries we operate, competition from other companies, changes in operating expenses, including employee wages, benefits and training, governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward looking statements, which are based on current view of the management on future events.
This presentation has been prepared by Eversendai. The information in this presentation has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions contained in this presentation and any other oral or written information provided in connection therewith. None of Eversendai, its affiliates, agents, advisers and their respective directors, officers, partners, employees and representatives shall have any liability whatsoever (in contract, tort or otherwise) for any loss howsoever arising which may be based on this presentation or any other oral or written information provided in connection therewith and any errors therein and/or omissions therefrom.
This presentation and its contents are strictly confidential and must not be copied, reproduced, distributed, summarized, disclosed, referred or passed on to any party at any time without the prior written consent of Eversendai.
This presentation shall not constitute and should not be considered as any form of opinion or recommendation by Eversendai, its directors, officers, partners, employees and/or representatives.
By attending this presentation and/or receiving a copy of this presentation, you agree to be bound by the limitations contained above.
AGENDA
Project: Multipurpose Hall at Lusail Sports Club
Operational Highlights
Financial Highlights
Q & A
Operational Highlights
- 5 -
NEW CONTRACTS SECURED Total value of new contracts secured in 1Q2014 was RM151.2m
1Q
20
14
2
01
3
20
12
2
01
1
20
10
2
00
9
20
08
151.2m
668.8m
923.9m
1,065.2m
1,667.8 m
408.9m
416.7m 6 contracts
9 contracts
30 contracts
28 contracts
15 contracts
Value of New Contracts Secured (in RM)
Secured in 1Q2014 – By Countries
21 contracts
5 contracts
RM39m
RM14m
RM41m
RM57m
- 6 -
20 key on-going projects across 7 countries KEY ON-GOING PROJECTS
- 7 -
20 key on-going projects across 7 countries KEY ON-GOING PROJECTS
- 8 -
20 key on-going projects across 7 countries KEY ON-GOING PROJECTS
- 9 -
Our order book stands at RM1.06 billion
By Geography Middle East
52.4%
By Business Segment (In RM’million)
Structural Steel
Construction
Power Plant
17.1%
57.7%
25.3%
613.3
268.5
181.4
2014
2015
2016
Order Book Run Rate
RM712.1m
RM311.4m
RM39.6m
TOTAL: RM1,063.1m
ORDER BOOK
Financial Highlights
- 11 -
REVENUE Revenue split by geographical markets and business segments
Financial year/ period
Revenue (RM’mil.)
2010
2011
2012
2013
1Q2014
744.9
1,033.7
1,021.3
965.1
230.7
By Business Segment
By Geography
Middle East
63.2%
Malaysia 28.4%
India 8.4%
Oil & Gas 3.5%
Construction 8.9%
Power Plant 29.1
%
Structural Steel
58.5%
- 12 -
EARNINGS EBITDA and PATAMI margins analysis
Financial year/ period PATAMI (RM’mil.)
EBITDA margin
PATAMI margin
2010
2011
2012
2013
1Q2014
116.7
119.5
115.4
32.6
11.0
21.9%
17.2%
17.8%
11.6%
10.5%
15.7%
11.6%
11.3%
3.4%
4.8%
- 13 -
1Q
20
14
20
13
20
12
20
11
20
10
496.7 517.8
254.0 306.5
394.6
29
7.1
27
2.4
22
8.9
29
0.9
14
1.9
Borrowing
Cash & equivalents1.27
0.43 0.32
0.61 0.58
FINANCIAL POSITION
71
6.1
78
3.3
84
5.5
85
2.2
20
11
20
12
20
13
1Q
20
14
Shareholders’ Funds (In RM’million)
NAV per share: 92.5 Sen
110.1 Sen
(In RM’million)
Gearing ratio (x)
101.2 Sen
Shareholders’ funds, NAV and gearing positions
109.2 Sen
- 14 -
SHAREHOLDING STRUCTURE
* Since IPO in July 2011.
As at 28 April 2014
EPF* 8.1%
Tabung Haji* 5.2%
AIA 1.0%
Lynas Capital
2.3%
Other Institutions
4.5% Retails 7.9%
Thank You.