“Leading Ground Engineering Specialist”

Invest ASEAN 2013

12 January 2013

The Solution to Tomorrow’s Ground Engineering Needs

Forward Looking Statement

This presentation contains forward looking statements which can be identified by thecontext of the statement and generally arising when the Company is discussing its beliefs,estimates or expectations. Such statements may include comments on industry, businessor market trends, projections, forecasts, and plans and objectives of management forfuture operations and operating and financial performance, as well as any relatedassumptions.

Readers of this presentation should understand that these statements are not historicalfacts or guarantees for future performance but instead represent only the Company’sbelief at the time of the statements were made regarding future events, which are subjectto significant risks, uncertainties and other factors, many of which are outside theCompany’s control. Actual results and outcomes may differ materially from what isexpressed or implied in such forward looking statements.

The Company cautions readers not to place undue reliance on any forward lookingstatements included in this presentation, which speaks only as of the date made; andshould any of the events anticipated by the forward looking statements transpire or occur,the Company makes no assurances on what benefits, if any, the Company will derivetherefrom.

Corporate Profile

Our Projects

Strategies

Financials

Investment Merits

Outlook

CorporateProfile

Company Background

• Leading Specialist Ground Engineering Solutions Provider

• L6 financial grading from the Building and Construction Authority of Singapore (BCA), which enables it to tender for public sector piling contracts of unlimited value

• Established in 1990; pioneer in eco-friendly piling techniques

• Completed more than 430 projects in the public and private sectors in Singapore worth over S$900 million

• Listed on Main Board of SGX-ST on 27 Jan 2010;

market capitalisation: S$94.1 million (08 Jan 2013)

• Staff strength of more than 600

• Have expanded scope of business beyond Ground Engineering to Property Business and Plant Engineering

Group Structure

Key Executives

• Mr Ong Tiong Siew, CEO & Executive Director

• Co-founder of Ryobi Kiso

• More than 30 years of experience in civil engineering and foundation

business

• Merit government scholar; involved in feasibility studies, master

planning and implementation of national infrastructure projects

• Mr Ong Teng Choon, Executive Director

• Co-founder of Ryobi Kiso

• Over 27 years of experience in civil engineering and foundation

business

• Senior member of the Institute of Engineers, Singapore

Sectors Served

Commercial

Residential

Institutional

Industrial

Infrastructure

Environmental Protection

All construction require foundation

works

Industry Value Chain

Ground Engineering Contractors

General Building Contractors

Civil Engineering Contractors

De

gre

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f co

mp

lexit

y

KSH

Lian Beng

& Others

Hock Lian Seng

Lum Chang

& Others

CSC

PSL

& Others

Nu

mb

er

of

con

tra

cto

rs

Business Segments

Ground Engineering ServicesBored Piling, Eco-friendly Piling & Geoservices

Property BusinessRyobi Tech Hub, Vietnam

Plant Engineering ServicesOil & Gas, Chemical and Waste Management Sectors

Ground Engineering Services

Ryobi Kiso

(Ground Engineering Services)

Bored Piling Eco-Friendly Piling Geoservices

11 of 32

Ground Engineering Services

Bored Piling� One of the common and modern-day techniques for building a solid pile

foundation to carry either

� Heavy vertical load from structures (eg. Buildings & bridges) or

� Horizontal load in earth retaining structures for deep excavation (eg.

Mass Transit System tunnels & building basements)

� Generates less noise and vibration and more efficient compared with

the traditional driven piling method where the pile is driven into the

ground by means of a pile driver

� Involves boring and the simultaneous removal of soil to form a hole through

the use of an excavating tool such as

� Mechanical rotary rig mounted on crawler crane

� Hydraulic drilling rig (which is more advance and increase our rate of

production and efficiency)

� Other ancillary equipment such as the “down-the-hole” hammer

which is able to bore into rock

� Capable of reaching depth of 80m and boring holes of diameters ranging

500mm to 2400mm

Video: Bored Piling

Ground Engineering Services

Eco-Friendly Piling

� One of the first companies in Singapore to introduce the eco-friendly piling technology� Reputed for our strong expertise in eco-friendly and low-pollution piling works

� Similar to Bored Piling, but involves piling techniques

� Where there is a need to achieve lower noise and vibration levels� Where soil condition do not favour conventional bored piles and/or� Where soil/ground improvement works are required

Ground Engineering Services

Geoservices

(1) Environmental Protection Engineering– Trench Cutting and Re-mixing Deep Wall (TRD) and Pre-cast Underground Wall

(PUW)– Prevention of contamination beyond the polluted areas by creating a continuous

soil-mixed wall or precast wall

(2) Geotechnical Engineering Services & Sale of Geoproducts

Video: TRD

Video: PUW

Pre-cast Underground Wall (PUW)

Completed PUW

Property Development

First Property Development Project:

Ryobi Tech Hub

• Located within Ascendas Protrade Singapore Tech Park

• Located within 1,350 hectares integrated township of An Tay Industry and ServiceComplex

• 40 Km away from both Ho Chi Minh City and Tan Son Nhat International Airport

• Phase 1: land area of 35,676 sq m (3.56 hectares) and permissible GFA of 24,322 sq m

• Lease Term: Up to 28 October 2057

Plant Engineering Services

• Fabrications, Structural and mechanical engineering works for plantsoperators

• Serve the Oil & Gas, Chemical and Waste Management Sectors

Our Projects

Singapore Flyer

Bored Piling Works

Punggol Waterway

Eco-Friendly Piling Solutions

Multi-Award Winning Project by Housing Development Board of Singapore

• Gold Award for the 2012 InternationalAward for Liveable Communities,endorsed by United NationsEnvironmental Programme (UNEP)

• Global Superior Achievement Award byInternational Water Association (IWA)

Marina Coastal Expressway

Infrastructure Works

Notable Projects

The Trillium

LaSalle-SIA City College of The Arts

Institutional

Residential

Public Housing at Punggol West

Institute of Technical Education College East

Notable Projects

Enterprise One Motors Showroom @ Ubi Road

Sentosa Link Bridge Aircraft Hangar 6 for Airbus A380 At Changi Airport

Infrastructure

Industrial

SSG Tower

Prominent Tower in Ho Chi Minh City

The ONE, Ho Chi Minh

Iconic Building by one of Vietnam’s leading developers

Australian Projects

Ventured into the Australian construction industry by acquiring 2 piling companies in Australia in July 2012

Esperance Port Access Corridor Perth Metrorail

Strategies

Regionalisation

• Expand the Group’s reach to other countries in the region

• Started in Vietnam with the incorporation of Raffles Piling VietnamCompany Ltd in 2009

• Ventured into the Australia construction industry by acquiring 2Australian companies in July 2012

Expand Scope of Business

• Diversify into other areas which are synergistic to our current groundengineering business

• Diversify into Property Business and Plant Engineering Services

• Business Segments’ Strategies:

� Ground Engineering Business still remain as core

� Further expansion of the Property Business

� Expand Plant Engineering Services in Singapore where our targeted customers'industries (Chemical, Oil & Gas) are traditionally strong

� Regionalisation of these new businesses ultimately

Financials

FY2012

FY2011(S$ ‘000)

FY2012(S$ ‘000)

Revenue 123,288 153,319

Cost of Sales

(95,890) (134,203)

Gross Profit 27,398 19,116

Pretax Profit 10,607 3,374

Net Profit 8,872 4,248

�Revenue went up 24.4% yoy as more higher value projects were undertaken

�However, intense competition & risings costs eroded margins

– Gross Profit Margin: decrease from 22.2% in FY2011 to 12.5% in FY2012

– Net Profit Margin: decrease from 7.2% in FY2011 to 2.8% in FY2012

�As a result, FY2012 net profit decreased by 52.1% to S$4.2 million

Segmental Revenue

96.1

128.6

73.793.2

124.2

29.0

31.7

47.130.1

29.1

0

20

40

60

80

100

120

140

160

180

200

FY2008 FY2009 FY2010 FY2011 FY2012

Bored Piling Eco-Friendly & Geoservices

S$’ Mil

125.1

160.3

120.8 123.3

153.3

Balance Sheet

As at 30 Jun 2011(S$ ‘000)

As at 30 Jun 2012(S$ ‘000)

Cash 41,337 33,026

Current Assets (excluding cash)

66,179 82,502

Non-current Assets 91,546 93,783

Total Assets 199,062 209,311

Total Liabilities (excluding Borrowings)

36,929 44,521

Total Borrowings 42,939 46,927

Shareholders’ Equity 116,194 114,051

Net Working Capital 59,549 48,921

Net Order Book

75.1 78.1 79.0 76.1

102.4 104.4

0

20

40

60

80

100

120

3Q11 4Q11 1Q12 2Q12 3Q12 4Q12

S$’ Mil

Investment Merits

Investment Merits

One of the Largest Ground Engineering Solutions Providers in Singapore

• Over 20 years of track record in Singapore;

• Handled more than 430 public and private sector projects comprising residential, commercial,

institutional, industrial, infrastructure and environmental protection projects;

• Capable of handling different types of piling requirements;

• Reputed for ability to complete and meet tight completion timelines.

Established relationships with major developers and main contractors

• Close relationships have facilitated sourcing opportunities and contributed to ability to secure

projects

Investment Merits

Able to tender for contracts of all sizes

• L6 grading enables Group to tender for public sector piling contracts of unlimited value

• Highest grading by Building and Construction Authority of Singapore (BCA)

• One of 18 piling contractors in Singapore

Competitive In Our Pricing

• Long standing relationships with suppliers and size of operations allows Group to purchase in bulk

and negotiate for more competitive pricing

• Able to negotiate for more competitive pricing for the supply of concrete, steel bars and spare parts

Investment Merits

Provision of High Quality Services

� ISO9001:2008, ISO14001:2004 and OHSAS 18001:2007 certified

� A team of experienced operators, technicians, supervisory and management staff

� Conscientious in upgrading assembly of piling machinery as well as purchasing new

machines and equipment to keep up with the latest technology

Experienced and Dedicated Management Team

� Executive Directors, each have more than 25 years of experience in the Bored Piling

and Eco-friendly Piling and Geoservices business, with extensive knowledge in the

industry

� Cultivated a wide network of contacts and established a wide customer base

� All our senior managers have more than 20 years of experience each in our business

Outlook

Outlook - Singapore

Singapore

• As of 30 September 2012, the Group’s net order book stood at S$90.3million

• The Building and Construction Authority of Singapore (“BCA”) has projectedSingapore’s construction demand for 2013 to be S$19 billion to S$27 billion

• The Singapore government will be building more public housing and addingmore rail lines to the transport network, to the tune of billions of dollars overthe next five years

• The Group will continue its effort to seek opportunities and grow its businessin Singapore, Vietnam and Australia

Outlook – Vietnam & Australia

Vietnam

• Vietnam’s economic growth slowed down in 2012 but certain sectors such asinfrastructure and public works construction and agriculture are poised for recovery in2013

• According to Business Monitor International, Vietnam’s construction real growth isprojected to reach 7.1% in 2013 as monetary conditions remain conducive forconstruction.

• Government continue to step up efforts to reform policies and its investmentenvironment to attract more FDIs in the long term, which will also drive theconstruction sector

Australia

• Growth in the resources sector is expected to continue to spill over into other sectors,including the infrastructure and public works construction sectors

THANK YOU