AT A GLANCE AT A GLANCE GROUP FINANCIAL HIGHLIGHTS For the year (S$’000) 2007 2006 % Change Annual Report 2007 Annual Report Group Profit & Loss Account Revenue 4,513,123 3,545,049 27 Profits EBITDA 413,109 273,831 51 Operating Profit 349,029 228,233 53 Profit Before Tax 364,721 310,871 17 Attributable Profit - include FX & NoI# 240,989 238,388 1 Attributable Profit - exclude FX & NoI# 362,273 217,848 66 Group Balance Sheet Sembcorp Marine Ltd Total Assets 4,462,847 3,429,501 30 Total Liabilities 2,757,131 2,059,278 34 Net Tangible Assets 1,672,471 1,324,682 26 Shareholders' Funds 1,680,060 1,338,339 26 Minority Interests 25,656 31,884 (20) Capital Employed 1,705,716 1,370,223 24 Fixed Deposits, Bank & Cash Balances 740,477 503,488 47 Borrowings (441,669) (390,988) 13 Net Cash 298,808 112,500 166 Financial Ratios Earnings Per Share (EPS) EPS, include FX & Nol# (cents) 11.72 11.71* - EPS, exclude FX & Nol# (cents) 17.62 10.70* 65 Dividend Per Share Net Dividend (cents) 8.73 8.93* (2) Net Assets Value per share (cents) 81.13 65.30* 24 Net Tangible Assets per share (cents) 80.76 64.64* 25 Return on Turnover - include FX & Nol# (%) 5.34 6.72 (21) Return on Turnover - exclude FX & Nol# (%) 8.03 6.15 31 Return on Total Assets - include FX & Nol# (%) 6.11 8.28 (26) Return on Total Assets - exclude FX & Nol# (%) 9.18 7.57 21 Return on Equity - include FX & Nol# (%) 15.97 19.83 (19) Return on Equity - exclude FX & Nol# (%) 24.00 18.12 32 * Adjusted for two Bonus Shares for every five existing ordinary shares # FX & NoI - Unauthorised foreign exchange transactions & related expenses and Non-Operating Items 10 11 AT A GLANCE GROUP QUARTERLY RESULTS 2007 ($'000) 1Q 2Q 3Q 4Q Total 4Q 2007 Quarterly Profit Before 2006 Quarterly Profit Before # (excluding FX & NoI) $'m Tax and Attributable Profit $'m Tax and Attributable Profit Annual Report 2007 Annual Report Turnover 953,743 1,051,598 1,171,069 1,336,713 4,513,123 1,336,713 Operating Profit 74,101 74,048 74,051 126,829 349,029 126,829 160 160 EBITDA 87,354 87,990 92,685 145,080 413,109 145,080 155.2 Profit before Tax 84,663 106,699 96,381 76,978 364,721 155,207 Attributable Profit 73,738 85,100 81,359 792 240,989 120,366 140 140 Earnings per share (cents) 128.6 Year-to-date 3.59 7.74 11.70 11.72 17.62 120 120.4 120 Earnings per share (cents) 106.7 in-quarter 3.59 4.15 3.96 0.02 11.72 5.82 100 100 103.8 96.4 95.3 84.7 85.1 80 81.4 80 2006 ($'000) 1Q 2Q 3Q 4Q Total 4Q 77.0 75.7 73.7 71.4 (excluding FX & NoI)# Sembcorp Marine Ltd 60 60 Turnover 499,107 1,041,207 673,275 1,331,460 3,545,049 1,331,460 56.1 57.5 54.9 Operating Profit 50,741 49,537 39,720 88,235 228,233 88,235 44.7 EBITDA 60,804 60,033 51,710 101,284 273,831 101,284 40 40 40.8 Profit before Tax 56,100 71,350 54,861 128,560 310,871 103,837 Attributable Profit 40,833 57,543 44,713 95,299 238,388 75,695 20 20 Earnings per share (cents) Year-to-date 2.01* 4.84* 7.04* 11.71* 10.70 0 0.8 0 Earnings per share (cents) 1Q 2Q 3Q 4Q 4Q 1Q 2Q 3Q 4Q 4Q in-quarter 2.01* 2.83* 2.20* 4.67* 11.71* 3.66 Exclude FX & Nol # Exclude FX & Nol # Profit before Tax Attributable Profit Profit before Tax Attributable Profit * Adjusted for two Bonus Shares for every five existing ordinary shares # FX & NoI - Unauthorised foreign exchange transactions & related expenses and Non-Operating Items 2007 Quarterly 2006 Quarterly 2007 Quarterly 2006 Quarterly $'m Turnover Contributions $'m Turnover Contributions $'m Operating Profit $'m Operating Profit 1400 1400 140 140 1,336.7 1,331.5 126.8 1200 1200 120 120 1,041.2 1000 1,051.6 1,171.1 1000 100 100 953.7 88.2 800 800 80 80 74.1 74.0 74.1 673.3 600 600 60 60 499.1 50.7 49.5 400 400 40 40 39.7 200 200 20 20 0 0 0 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 12 13 AT A GLANCE FINANCIAL CALENDAR Financial Year 2008 2008 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual Report 2007 Annual Report Financial Year Announcements of Results & Dividends 2007 Full Year Feb 22 Quarter 1, 2008 May 7 Quarter 2, 2008 Aug 5 Quarter 3, 2008 Nov 4 2007 Final May 16 Dividend Payment Sembcorp Marine Ltd Delivery of Apr 7 Annual Report Delivery of EGM Notice Mar 31 CORPORATE DIRECTORY Annual General Meeting/Extraordinary Apr 22 Meeting Registered Office Principal Bankers 29 Tanjong Kling Road, Singapore 628054 DBS Bank Ltd Telephone : (65) 6265 1766 Oversea-Chinese Banking Corporation Limited Fax : (65) 6265 0201/ (65) 6261 0738 Standard Chartered Bank Website : www.sembcorpmarine.com.sg The Hongkong and Shanghai Banking E-mail : [email protected] Corporation Limited Financial Year 2007 United Overseas Bank Limited 2007 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Share Registrar Financial Year KCK Corpserve Pte Ltd Share Listing Announcements of 333 North Bridge Road Sembcorp Marine’s shares are listed on the Singapore Exchange Securities Trading Limited Results & Dividends #08-00 KH Kea Building 2006 Full Year Feb 15 Singapore 188721 Quarter 1, 2007 May 2 Joint Company Secretaries Kwong Sook May Quarter 2, 2007 Aug 2 Auditor Tan Yah Sze Quarter 3, 2007 Nov 1 Ernst & Young Certified Public Accountants 2006 Final May 18 Dividend Payment Singapore Delivery of Audit Partner: Daniel Soh Apr 4 Annual Report (appointed during financial year ended Annual General 31 December 2003) Meeting/Extraordinary Apr 20 Meeting 14 15 AT A GLANCE Sembcorp Marine Ltd CORPORATE STRUCTURE as at 19 March 2008 Annual Report 2007 Annual Report Singapore Shipyards Overseas Shipyards Supporting Companies Jurong Shipyard Pte Ltd P.T. Karimun Sembawang Shipyard JPL Services Pte Ltd (Indonesia) Bulk Trade Pte Ltd 100% 100% 70% 100% Jurong Machinery and Sembawang Shipyard Pte Ltd Cosco Shipyard Group (China) Automation Pte Ltd JPL Industries Pte Ltd Sembcorp Marine Ltd 100% 30% 100% 60.1% Jurong Integrated Services Pte Ltd Jurong Marine Services Pte Ltd SMOE Pte Ltd Sembcorp-Sabine Industries Inc (USA) 100% 100% 100% 100% Jurong Marine Contractors Pte Ltd Jurong Autoblast Services Pte Ltd Jurong SML Pte Ltd P.T. SMOE (Indonesia) 100% 90% 100% 100% Shenzhen Chiwan Offshore Petroleum Equipment Dolphin Shipping Company Pte Ltd Repair & Manufacture Co. Ltd (China) PPL Shipyard Pte Ltd SembMarine (Middle East) Pte Ltd 35% 85% 60% 100% Shanghai Jurong Marine Engineering & Technology Ltd (China) 70% R&D Sembcorp Marine Technology Pte Ltd Baker Marine Pte Ltd 100% 85% 16 17 AT A GLANCE Supporting Companies ORGANISATION STRUCTURE Jurong Integrated Services as at 19 March 2008 Executive Director : Chang King Board of Directors Email: [email protected] Group President & CEO : Tan Kwi Kin President & COO : Wong Weng Sun Jurong Machinery & Automation Annual Report 2007 Annual Report Deputy President : Ong Poh Kwee Executive Director : Chew Yam Poey Email: [email protected] Staff Support Group Shipyards (Singapore) JPL Services Human Resource Finance Jurong Shipyard Director : Wong Peng Kin Email: [email protected] Wong Peng Kin, Director, Group HR Maureen Leong, Director, Group Finance Chairman : Goh Geok Ling [email protected] [email protected] Managing Director : Wong Weng Sun Sembcorp Marine Ltd Tan Cheng Tat, Chief Financial Officer Executive Director : Lee Yeok Hoon Jurong Marine Contractors Low Siew Lian, Deputy CFO Email: [email protected] [email protected] Director : Lee Yeok Hoon Engineering Email: [email protected] Sembawang Shipyard Seow Tan Hong, Senior Vice President Investor Relations & Communications [email protected] Shipyards (Overseas) Chairman : Goh Geok Ling Judy Han, Senior Vice President [email protected] Managing Director : Ong Poh Kwee P.T. Karimun Sembawang Shipyard Executive Director : Wong Lee Lin (Indonesia) Email: [email protected] President Director : Ng Thiam Poh Corporate Development Email: [email protected] Wee Keng Hwee, Senior Vice President Internal Audit SMOE [email protected] Toh Chin Hock, Asst Vice President Chairman : Goh Geok Ling Cosco Shipyard Group (China) [email protected] Managing Director : Ho Nee Sin Executive Director : Aw Chin Leng Representative : K. C. Yeoh Email: [email protected] Email: [email protected] Corporate Counsel & Company Secretary Risk Management Tan Yah Sze, Vice President (Legal) & Jurong SML P.T. SMOE (Indonesia) Joint Company Secretary [email protected] Ng Thiam Poh, Chief Risk Officer Chairman : Wong Weng Sun Kwong Sook May [email protected] Joint Company Secretary Executive Director : Freddie Woo General Manager : D.T. Loy Email: [email protected] PPL Shipyard Sembcorp-Sabine Industries Inc (USA) Administration President : John Chen Chairman : Tang Kin Fei Email: [email protected] Jessie Lau, Administration Manager Deputy Chairman : Benety Chang [email protected] Managing Director : Douglas Tan Email: [email protected] 18 19 AT A GLANCE SIGNIFICANT EVENTS Contracts Secured Ceremonies & Deliveries January May June January Annual Report 2007 Annual Report • Award of US$524 million ultra-deepwater sixth- • Award of US$535.5 million turnkey contract by • Award of US$190 million contract by Offshore • Delivery of YÙUM K’AK’NÁAB FPSO, converted generation semi-submersible rig building contract Seadrill Limited to Jurong Shipyard for the Group Corp to PPL Shipyard to build its third from a tanker by Sembawang Shipyard for by PetroRig III Pte Ltd to Jurong Shipyard.