PULSE OF ASIA 2007

CSE GLOBAL LTD CSE GLOBAL LTD

9 JANUARY 2007

CSE GLOBAL LTD CSE GLOBAL LTD

GLOBAL SOLUTIONS PROVIDER;CONTROL, TELECOM, ELECTRICAL

MILESTONES MILESTONES

1985 : Commenced operations

1993-1995 : Established presence in Thailand, Malaysia & India

1997 : Management Buy-In

1999 : Initial Public Offering

2000 : Acquired W-Industries (US) and Servelec (UK)

2003 : Acquired Transtel and established presence in Carmen, Doha, Dubai, Tehran, Soku, Muscat, Shanghai, Beijing and Jakarta

2004 : Acquired Uniserve (Australia) & RTUnet (Australia; product business)

2005 : Acquired major interest in ESPC (USA)

2006 : Acquired Techno Trade SA (Belgium) and Scomagg Ltd (Scotland)

BUSINESS OVERVIEW BUSINESS OVERVIEW

Niche global system integrator in Control, Telecommunication andElectrical Systems

- Control Integrated Control System, Safety Systems, Plant ITCompetitor : Honeywell, Emerson Process, Invensys-Foxboro, Yokogawa, ABB, Siemens

- TelecommunicationSatellite and Wireless system, Fiber Optic CommunicationSystem, PABX, Public Address, CCTV etc.Competitor : Alcatel, ABB, Siemens

- ElectricalProtection and Control, High Voltage Electrical SystemsCompetitor : Schweitzer Engineering Lab (SEL), Schneider, Rockwell, ABB

CONTROL CONTROL

- Process Control System- SCADA/Telemetry System- Pipeline Control System- Well Head Control System- Subsea Control System- Chemical Injection System

Integrated Control System

SUBSEA EXPERTISESUBSEA EXPERTISE

W-Industries has grown to be major player in subsea control and support systems worldwide with an impressive installed base.

Successfully Delivered Over 25 SubSea Control Systems controlling over 200 SubSea wellheads

Products include Master Control Stations (MCS), Electrical Power Units (EPU), Data Historians, Human Machine Interfaces, Hydraulic Power Unit (HPU’s)

Key geographic markets are Gulf of Mexico, Offshore Africa, Brazil with Mexico and Asia targeted for expansion

CONTROL CONTROL

Safety System- Emergency Shutdown System- Fire and Gas Detection System- High Integrity Protection System

-Plant Information Systems-Laboratory Information System -Data Reconciliation & Yield Accounting System-Terminal Automatic System

CONTROL CONTROL

Plant IT

TELECOMMUNICATION TELECOMMUNICATION

- Fiber Optic Telecom Backbone Networks- VSAT Telecom Transmission Solutions- Microwave Telecom Transmission Solutions- IP/LAN/WAN/MAN Network Solutions- RF Transmission & Wireless Solutions- Emergency Paga & Communication Systems- CCTV Surveillance & Security Systems- Integrated Engineered Telecom Solutions Et

hern

et 2 x Analog Phone

3 x Camera

ICSS

ACS Ethe

rnet

ACS

3 x Camera

ICSS

2 x Analog Phone

Ethe

rnet

ACS

Ethe

rnet

Ethernet

Ethe

rnet

2 x Analog Phone

3 x Camera

ICSS

3 x Camera

ICSS

PABX

ICSS

CCTVACS

PAGA(A)

PAGA(B)

Speaker

AlarmUnit

Printer

3 x Camera

FugroGAs

Other Sensor

DP1DP2

OnshoreGas Plant

Proposed UpstreamIntegrated Network

Design Cocept

Monitor

Monitor

MDF

AccessPanel

Speaker

Speaker

Speaker

SpeakerLoop

ACS 2 x Analog Phone

LPG TankStorage Node

215

ControlBuilding OTN

Node 22

DP2

Mic

row

ave

Rad

io

CondensateTank Storage

Node 215

DP1

OTN(SDH)Integrated Backone

Network - 155 Mbps/STM1

ELECTRICAL ELECTRICAL

- Protection and Control- High Voltage Electric Motor- Variable speed drive system- Electric motor starting equipment- Liquid Resistance starters- Slip Energy Recovery System

BUSINESS OVERVIEW BUSINESS OVERVIEW

Industries

- Oil & Gas 70%

- Power & Water Utilities 10%

- Mining & Mineral 10%

- Transportation & Healthcare 10%

Oil & Gas : upstream 60%; midstream 10% and downstream 30%

Greenfield (New) & Brownfield (Old) projects are about 55% & 45 % respectively

OUR CLIENTS (OIL & GAS) OUR CLIENTS (OIL & GAS)

SK ENGINEERINGTECHNIP

SAMSUNGMcDERMOTT

DAEWOOBECHTEL

LC ENGINEERINGFLUOR DANIEL

HYUNDAI ENGINEERINGKELLOGGS BROWN & ROOTS

PETROFACTOYO ENGINEERING

SAIPEMCHIYODA

SNAMPROGRETTIJGC

EPC CONTRACTORS

OUR CLIENTS (OIL & GAS) OUR CLIENTS (OIL & GAS)

IRANIAN OFFSHORE OIL CODEVON ENERGY

DOLPHIN ENERGYAPACHE

KUWAIT NATIONAL PETROLEUMANADARKO

QATAR GASKERR- MCGEE

QATAR PETROLEUMUNOCAL

PETROBRASCONOCO-PHILIPS

PEMEXCHEVRON TEXACO

CNOOCBP

PTTEXXONMOBIL

PETRONASSHELL

USERS / OWNERS / OPERATORS

The Group currently has 28 offices in 20 countries with about1127 employees worldwide

Global Manpower

- Asia Pacific - 347- America - 442- Europe/Middle East/Africa (EMEA) - 338

For 9M2006, the geographical regions of Asia-Pacific, Americas and EMEAcontributed 30.6%, 46.8% and 22.6% to revenue, and 22.5%, 41.5% and 36%to PAT, respectively

GLOBAL OPERATIONSGLOBAL OPERATIONS

GLOBAL PRESENCEGLOBAL PRESENCE

*

SingaporeBangkok

Bangalore

Kuala Lumpur

Houston LayfayetteNew Orleans

Carmen

Soku

Jakarta

SheffieldNitra

TehranShanghai

Dubai

Beijing

PerthBrisbaneSydney

Melbourne Auckland

DohaMuscat

TianjinWaterloo

AberdeenMotherwell

Bron

HISTORICAL PERFORMANCEHISTORICAL PERFORMANCE

11.19.67.19.3EVA*

35.425.323.732.0ROE (%)

230.0362.8200.0185.4NEW ORDERS

21.122.117.414.2PAT

30.432.732.732.6GM (%)

250.0267.3198.5169.0REVENUE

9M2006200520042003S$M

*EVA capital charge of 10.4%

OPERATING CAPITAL OPERATING CAPITAL EFFICIENCYEFFICIENCY

30.22.34.33.61.51.47.57.31.30.50.5CapEx

19.37.62.41.14.4--1.02.8------Divestment of non-core business / assets

6.5

10.3

3.6

22.1

267.3

2005

5.1

19.5

3.0

17.4

198.5

2004

2.4

7.5

1.6

14.2

169.0

2003

22.38.3------------Dividend

144.4--19.63.879.80.32.31.3Investment

70.42.218.20.427.114.3----New Capital

123.421.112.14.113.77.86.04.9PAT

NA250.0143.2113.9105.655.947.040.0Revenue

Total9M2006200220012000199919981997

Group Generated S$61.0M of Cash since MBO in 1997

Net borrowing as at end Sept 2006 @ $46.2M

S$M

2006 ACQUISITION UPDATE2006 ACQUISITION UPDATE

Scomagg Limited

Scomagg has a turnover in excess of £7.1M and employs approximately 100 staff operating from offices in Aberdeen, Motherwell and Rotherham. The new business will complement our existing skill and capability and provide a base to expand our activities with oil & gas, power generation and water & utilities sectors, In particular the Company has a strong presence in the North Sea oil & gas sector, as well as established relationships in the power generation

Using the purchase consideration of £10M (approx S$30.2M), the price to earnings for the financial year ended 31 Dec 2006 is 13.3 times. After taking into account the net cash of £4M (approx S$12.1M) in Scomagg, the price to earning (adjusted) is 8 times

2006 ACQUISITION UPDATE2006 ACQUISITION UPDATE

Techno Trade SA

A leading telemetry product company based in Belgium and has a regional office in France. Techno Trade has a turnover of about Є4M and employs approx 25 employees of which the majority is active in R&D. This new acquisition will serve the group growth strategy in acquiring niche high gross margin IP product and technology business

Using the purchase consideration of Є7.8M (approx S$15.8M), the price to earnings for the financial year ended 31 Dec 2006 is 11.4 times. After taking into account the net cash of Є1M, the adjusted price to earning is 9.7 times

FAVORABLE MARKET FAVORABLE MARKET DYNAMICS (OIL & GAS)DYNAMICS (OIL & GAS)

High oil & gas prices and growing world energy demand

A recent edition of Offshore Magazine published a list of 2006Deepwater Gulf of Mexico Discoveries. Among these discoveries, 31 are projected to be on-stream by 2007 or 2008

Pipeline & Gas Journal 2005 International Pipeline ConstructionSurvey indicated 54,068 miles of oil & gas pipeline underconstruction and planned. Of these, about 80% account forprojects in planned stage and 20% represent pipelines underconstruction

A range of world scale refinery and petrochemical projectscoming to the fore-drive by strong demand, more rigorous products specifications and rising margins

Liquefied Natural Gas (LNG) is expected to play an increasingly importantrole in the global energy markets.

ROBUST ENERGY MARKETS ROBUST ENERGY MARKETS DRIVE NEW INVESTMENTSDRIVE NEW INVESTMENTS

Asia-Refining & Petrochemical (China & India)-LNG (Indonesia, Australia)-Oil & Gas Production (China, Thailand, Indonesia, Vietnam)

Middle East-Oil Production (Saudi, UAE, Kuwait)-Gas Production (Saudi, UAE, Iran, Qatar)-LNG (Qatar, Iran)-Refining & Petrochemical (Saudi, UAE, Kuwait, Qatar, Iran)

Africa-LNG (North & West Coast)-Oil & Gas Production (West Coast)

Russian and the Caspian-Oil & Gas Production (Caspian/Siberia)

Americas-Oil production (Gulf of Mexico)

North Sea-Oil production (Scotland, Aberdeen)

Major oil & gas projects upnearly 100% 2006-2010 vs 2001-2005

SOUTH PARS PROJECTSSOUTH PARS PROJECTS

Iran’s largest natural gas field; current estimate contains 286 Tcf or more (some estimates go as high as 500 Tcf of natural gas)

Already attracted around US$15B of investment and slated to be developed in 28 phases although only 18 phases are active so far

Transtel awarded phase 9 & 10 and Integrated Fibre Optics Network project about US$30M

Phase 11, 12 LNGs, Phase 14 GTLPhase 15 & 16 and Phase 17 & 18 are actives projects

BTPCT – 31MHT – 10(Cerner?)

CSCPCT – 50MHT – 14(iSoft)

FujitsuPCT – 81MHT – 18(Cerner)

CSCPCT – 68MHT – 12(iSoft)

CSCPCT – 72MHT – 12

(iSoft)

Opportunity to provide our Care Record System for a total of 302 Primary CareTrusts and 66 Mental Health Trusts

Phase I project awarded by BT about£10M in Dec 2005

Secured BT Phase II works about £30M

Opportunity on business with other LSPs

FAVORABLE MARKET FAVORABLE MARKET OUTLOOK (HEALTHCARE) OUTLOOK (HEALTHCARE)

The National Programme for IT (NPfIT) is a multi-billion £ IT programme to provide a national electronic patient care recordsfor 50 million patients

GROWTH STRATEGIES GROWTH STRATEGIES

The globalization of markets and competition

- With the globalization of our market and competition entering anew stage, we accelerate the pace and ramp up investment in operations outside Singapore, including acquisitions andstep up efforts to penetrate global customers

Growth Strategy

• To capture greater market share in the faster growing markets such as Middle East, Africa,

Americas and Australia

• To expand solutions and services in served markets

• To obtain technology, increase market shares, and to enter new product niches

and geographical markets

• Acquisition has been an important part of our process and over time, we are

becoming a discerning and effective acquirer

Org

anic

Acq

uisi

tions

Growth on Growth (G-O-G)

GROWTH STRATEGIES GROWTH STRATEGIES

Niche Technology Leader

- IP based product and technology business is important to ourfuture growth

KEY MESSAGEKEY MESSAGE

Strengthening our global business over the years

Operating and capital efficiency

Favorable oil & gas market dynamics, especially the gas sector

Healthcare business is expected to grow significantly in the next few yearsdue to English NHS’s NPfIT

New acquisitions will contribute positively to the Group result

Orders trends and prospects support another good year ahead

THANK YOUTHANK YOU