Advanced Holdings Ltd. Corporate Presentation 6 September 2004 Oil & Gas Chemical & Petrochemical Power Generation Micro-electronics
Business Overview Oil & Gas Chemical & Petrochemical Power Generation Micro-electronics
Corporate Overview Established in 1993, Advanced is a homegrown designer and provider of Process Equipment for key global industrial customers Business Focus Leverage on engineering expertise to focus on the design & supply of Process Equipment used for the proper, safe & efficient operations of process plants Industry Focus • Chemical & Petrochemical • Oil & Gas Market Focus Oil & Gas • Power generation • Micro electronics • Primary market: PRC & Singapore • Secondary market: Malaysia, South Korea, Hong Kong, Thailand Japan Chemical & Petrochemical Power Generation Micro-electronics
Our Reach South Korea Japan The PRC Malaysia Sales & Marketing Network: - The PRC (Shanghai & Beijing) - Singapore - Malaysia - Seoul Hong Kong Thailand Singapore Major projects completed
Major Milestones • Major odorant process equipment supplier in Asia Pacific • Incorporation • 1 st major project • Development of software models • Perrin Gmb. H • US$2. 2 m Petrochem. project • Beijing representative office • ISO certification • Established Advanced Malaysia • Consolidated offices 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 • Z&J Technologies Gmb. H • Entered PRC market • US$0. 92 m oil & gas project with Formosa group, Taiwan • Thermo Electron Corporation • Nanjing representative office Oil & Gas • Guided Wave Inc. • Shanghai office • 1 st million dollar contract Chemical & Petrochemical Power Generation • Corporate restructure • Seoul office Micro-electronics
Business Process 1. Securing orders • Site visits • Study specifications • Submit proposal (basic design) 2. Planning & Design • Review process data • Internal quality checks • Finalise design Duration of projects: 3 to 6 months Value: Range from US$0. 2 m to several millions Oil & Gas 3. Procurement & Fabrication • Order components • Schedule for fabrication 5. Testing & Commissioning • • Performance test Commission Integration Acceptance at site Chemical & Petrochemical 4. Project Execution • • Quality check Site delivery Installation Supervision Power Generation Micro-electronics
Focus on Design Engineering Provide customised Process Equipment through: - Extensive design and engineering capabilities - Close collaboration with established principals Select the most appropriate technology and designs to cater to the specific needs of our customers Pool of qualified engineers - Specialise in product design, project management, and product evaluation and testing - Integration into our customers’ plants and facilities Oil & Gas Chemical & Petrochemical Power Generation Micro-electronics
Our Products & Projects Oil & Gas Chemical & Petrochemical Power Generation Micro-electronics
Process Equipment Defined What is Process Equipment? Engineered devices and systems used in a wide range of industrial and laboratory applications Functions of Process Equipment Essential for the proper, safe and efficient operation of process plants Example of Applications Process controls, measurement, analysis, monitoring and operations Oil & Gas Chemical & Petrochemical Power Generation Micro-electronics
Where are our products used? Established companies in key growth industries Chemical & Petrochemical Power Generation Oil & Gas 63. 8% 27. 4% Microelectronics 8. 6% Based on percentage of turnover in FY 2003 0. 2%
Chemical & Petrochemical Industry Process Analyser System • Consisting of analysers, sample conditioning system and shelter, it is used mainly in the quality control of products and the environment Chemical Dosing System • Automatically injects a precise quantity of various chemical for the treatment of products and protection of plant equipment Catalyst Metering Package • Transfers catalyst, in paste form, in a precise quantity in a polypropylene plant
Oil & Gas Industry Gas Booster System • Increases the pressure of gases, such as nitrogen and natural gas, for distribution and wastage reduction LNG Sampling System • Vaporises liquefied natural gas so that it’s properties can be analysed accurately Gas Odorisation System • Odorises natural gas/town gas/LPG due to safety regulation
Power Generation Industry Chemical Dosing System • Automatically injects a precise quantity of various chemicals for the treatment of cooling water system in power plants
Major Projects Industry Project Customer Year Oil & Gas Supply of odorant package Daelim Industrial Co. , Ltd (South Korea) 2004 Oil & Gas Supply of NIR analyser systems & development of blend product software models Uhde Edeleanu S. E. Asia Pte Ltd (Singapore) 2003 Oil & Gas Supply of 10 -stream process NIR analyser system & refinery blend product software models China Oil Dalian International Trading Co. , Ltd (PRC) 2003 Power Gen. Supply of chemical dosing system for power plant Hyundai Engineering & Construction Co. , Ltd (South Korea) 2002 Oil & Gas Odorant system revamp for the Beijing City Gas Project Beijing Coal Gas Company (PRC) 2002 Chem. & Petrochem. Analyser package including shelter China Jinshan Associated Trading Corporation (PRC) 2002 Oil & Gas LNG sampling system Korea Gas Corporation (South Korea) 2002 Power Gen. Chemical dosing system Samsung Corporation (South Korea) 2001 Oil & Gas Odorant package for offtake station PTT Natural Gas Distribution Co. , Ltd. (Thailand) 2001
Some of our Major Projects Tong. Yeong LNG Terminal Seraya Power Station Petron Bataan Oil & Gas Chemical & Petrochemical POSCO Power Generation Micro-electronics
Our Competitive Strengths Oil & Gas Chemical & Petrochemical Power Generation Micro-electronics
Experienced Team Founder & Managing Director • More than 17 years of experience • Doctorate in Engineering Executive Directors & Officers • At least 10 years of relevant industry experience Pool of Qualified engineers • Considerable knowledge and field experience Oil & Gas Chemical & Petrochemical Power Generation Micro-electronics
Niche Position Focus on niche areas in chemical & petrochemical; and oil & gas industries + Advantages of niche focus • Coal gasification • Flexibility • Coal liquefaction • Sales efforts intensified • PTA production • Familiar with project • MDI production • Ultra-low temperature (cryogenics) applications Oil & Gas Chemical & Petrochemical movements and customers’ requirements and decisions • Higher rates for securing orders Power Generation Micro-electronics
Strong Foothold in the PRC Penetrated the PRC market since 1994 • 2 offices (Beijing and Shanghai) PRC market constitutes a major share of our total annual revenue • FY 2003: 87. 9% • FY 2002: 88. 7% • FY 2001: 71. 9% Oil & Gas Chemical & Petrochemical Power Generation Micro-electronics
Exclusive Distributors USA Germany Canada Suppliers are established equipment manufacturers worldwide Exclusive distributorship agreements with 6 major principals on approved vendor lists of customers Oil & Gas Chemical & Petrochemical Power Generation Micro-electronics
Quality Assurance Stringent quality assurance procedures throughout our work processes – provide high quality products and services that meet customers’ satisfaction ISO 9001: 2000 certified by Bureau Veritas Quality International – System integrators – design of chemical/odorant injection systems, chlorination systems, analysis systems, wellhead panels, catalyst metering package Oil & Gas Chemical & Petrochemical Power Generation Micro-electronics
Key Financial Highlights Oil & Gas Chemical & Petrochemical Power Generation Micro-electronics
Revenue S$’m 11. 4 11. 2 10. 2 Others: Hong Kong, South Korea, Malaysia and United Kingdom
Profit Before Tax (PBT) S$’m 2. 4 CAGR 247% 0. 7 0. 5 Others: Hong Kong, South Korea, Malaysia and United Kingdom Note: In FY 2002, there was a pre-tax loss of S$2, 000 and S$23, 000 in Singapore and Others markets respectively.
PBT Margins % Oil & Gas Chemical & Petrochemical Power Generation Micro-electronics
Key Financial Indicators Profitability Ratio FY 2003 Net Margin 17. 0% Gross Margin 36. 5% PBT Margin 21. 4% Efficiency Ratios FY 2003 Return on Asset 27. 1% Return on Equity 54. 8% Activity Ratios FY 2003 Average Debtors Turnover 97 days Average Payables Turnover 126 days Average Inventory Turnover 11 days Gearing ratio 0. 14 x NTA per share 4. 0 cents
The Road Ahead … Business Strategy & Future Plans Oil & Gas Chemical & Petrochemical Power Generation Micro-electronics
Future Plans At A Glance 1. Market Development Expand Regional Sales Network + Expand Customer Base 3. Product Development 2. Increase Focus Larger scale projects 4. Explore Opportunities Secure new suppliers Acquisitions • Investments Expand product range Joint Venture • Alliances
In conclusion… Oil & Gas Chemical & Petrochemical Power Generation Micro-electronics
Vision To be the market leader in the DESIGN & supply of Process Equipment renowned for our commitment to meet or exceed our global customers’ expectations & specifications Oil & Gas Chemical & Petrochemical Power Generation Micro-electronics
Investment Considerations Niche focus intensifies sales efforts Strong growing market in the PRC & South Korea Growth potential of key industries Extensive engineering design expertise Strong financial track record with healthy pre -tax profit margins Oil & Gas Chemical & Petrochemical Power Generation Micro-electronics
End Oil & Gas Chemical & Petrochemical Power Generation Micro-electronics
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