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CSE GLOBAL LTDCSE GLOBAL LTD
UPDATE ON BUSINESS
MEDIA / ANALYSTS BRIEFING7TH SEPTEMBER 2004
1H2004 HIGHLIGHTS1H2004 HIGHLIGHTS
Revenue increased 25% to S$95.7M
GM was 32.3%
PATMI S$8.0M up to 28%
Operations generated a positive cash flow of S$4.1M
0.42x net gearing
Outstanding Orders of $81.9M
GROUP PROFIT & LOSSGROUP PROFIT & LOSS
S$M Half Year ‘04
(0.8)
6.3
9.1
33.8
76.6
1H03
(0.8)
8.0
11.0
32.3
95.8
1H04
Goodwill Amortization
PATMI
PBT
GM(%)
Revenue
--
27.8
21.6
(1.5)
25.0
%∆
BUSINESS REVIEWSBUSINESS REVIEWS
Weaker US Operations in 1H2004
GM lower as compared to previous period
Recovery on course with increased book-in with better GM;better business prospects & reduction in G&A
BUSINESS REVIEWSBUSINESS REVIEWS
Consolidated UK’s Middle East sales activities under ttc.sro
Acquired 30% in PI-CSE Systems & Engineering Sdn Bhd
Setting up the Oman (4Q04) and Qatar (3Q04) offices
Completed divestment of I-magination Solution to I-magination software Sdn Bhd
BUSINESS REVIEWSBUSINESS REVIEWS
Uniserve Corporation Pty LtdRTUnet (Australia) Pty Ltd
Expanded into Australia/New Zealand through acquistions :
The oil & gas and mining & mineral sectors in Australia is expected to experience strong growth over the next few years.
These acquisitions will also strengthen group’s engineering and product capabilities, provide opportunities for cross selling
GLOBAL PRESENCEGLOBAL PRESENCE
*
* Branches in Nitra, Prague, Bratislava & Košice
SingaporeBangkokBangalore
Kuala Lumpur
Houston LayfayetteNew OrleansCarmen
Soku
Jakarta
SeafordSheffield
NitraTehran
ShanghaiDubaiBeijing
SydneyMelbourne
Auckland
PerthBrisbane
GLOBAL MANPOWER GLOBAL MANPOWER SUPPORTSUPPORT
3IRAN
4NIGERIA
725TOTAL
61AUSTRALIA / New Zealand
75SLOVAKIA
126UK
287USA
5INDONESIA
18INDIA
8CHINA
7THAILAND
25MALAYSIA
106SINGAPORE
UNISERVEUNISERVE
Business
Provide turnkey electrical engineering solutions for mining & Mineral, oil & gas/power and water utilities
Revenue by Sector
Mining & Mineral 37%Oil & Gas/Power 30%Water Utilities 14%Others 18%
UNISERVEUNISERVE
Services
Protection and Control
High Voltage Electric Motor
Variable Frequency Inverters
High Voltage Motor Speed Control
UNISERVEUNISERVE
A$
Financial Performance (end 30 June 2004)
Revenue $18.8M
GM (%) 34%
PBT $1.6M
PAT $1.2M
UNISERVEUNISERVE
Protection and Control SystemsSupply of GE Multilin range of protection relays
UNISERVEUNISERVE
High Voltage Electric MotorsSupply of HV motors from 3.3kV to 11kV
UNISERVEUNISERVE
Variable Speed Drives & Soft StartersSupply of LV, MV & HV Fuji Electric variable speed drives andSolcon soft starters
UNISERVEUNISERVE
Special Projects
RTUnetRTUnet
Business
Manufacturers and distributes a range of Kingfisher RTUProducts including firmware and configuration tool forApplications in a broad range of industries field;
Mining & MineralOil & Gas / PowerWater UtilitiesOthers
RTUnetRTUnet
A$
Financial Performance (end 30 June 2004)
Revenue $5.7M
GM (%) 53%
PBT $0.7M
PAT $0.6M
RTUnetRTUnet
RTU PRODUCTS RANGE
LP-1 Low Power RTUSeries II Modular RTU
RTUnetRTUnet
Kingfisher LP-1 Low Power RTU
• Fully integrated RTU in a compact package• Very Low Power Consumption• 2 x RS232 ports• 2 x option ports, to accommodate:
– UHF Radio– GSM Cellular modem– PSTN Modem– Fibre Optic
• 4 x analog inputs• 4 to 8 x digital inputs• 2 to 6 x digital outputs• Data Logging (up to 4Mbyte)
RTUnetRTUnet
Kingfisher Series II
• Modular RTU design• Up to 64 modules• 1000+ I/O points• Up to 16 comms port
RTUnetRTUnet
Series II – Redundant Hardware
Duplicating modules to Duplicating modules to achieve redundancy.achieve redundancy. 12 Slot Backplane
RedundantPower Supplies
RedundantProcessors
Additional Comm Ports3 x RS232 each
Example:This RTU provides auto changeover of power supplies and processors while running.
RTUnetRTUnet
Series II – The Modular Concept
BUSINESSBUSINESS
Niche global player in IT, Control, Telecommunication
and Electrical systems in the Oil & Gas, Petrochemical,
Power Utilities, Water & Sewerage and Mining & Mineral
industries
OUTLOOKOUTLOOK
Prospects for new contracts remain strong in the oil and gas industry
New contribution from recent acquisitions
2nd half performance better than 1st half performance
Sustained growth in FY2005