TEE International Limited Shareholders Update 29 September 2015
Business Overview
TEE Group Regional Engineering, Real Estate & Infrastructure group Listed on SGX Mainboard Market cap ~ S$108M Established track record for large-scale, high value engineering & mission-critical projects Core engineering specialisation to grow complementary real estate & Infra projects ENGINEERING Integrated engineering solutions provider Specialises in M&E engineering and Building & Construction 71.1% of total revenue REAL ESTATE TEE Land Limited:63.2% owned subsidiary listed on SGX Main board in Jun 2013 Regional real estate developer 27.6% of total revenue INFRASTRUCTURE Invests in infrastructure assets & businesses relating to water, power & infocommunications Owns 42.1% of CMC Infocomm 1.3% of total revenue 3
Strategic Focus Our Goals Regional total solutions provider in Asia-Pacific Focus on building business excellence Partner of choice that delivers value Building on business excellence for growth Business synergies from core engineering fundamentals Strengthening foothold in overseas market Human Capital Engineering Business Quality Value Creation Integrated Platform Our Regional Footprint Singapore Malaysia GROWTH Thailand Hong Kong Philippines Australia Infrastructure Real Estate New Zealand 4
Engineering Business
Engineering Business Operating model Engineering Services Solicitation of tender Pre -tender costing and budgetary evaluation Award of contractor Formation of project team Appointment of sub-contractors and suppliers Mechanical & Electrical (M&E) Engineering Undertakes large-scale complex engineering, infrastructurerelated projects. Electrical, Air Conditioning & Mechanical Ventilation Building & Construction Provides turnkey solutions including general building and Addition & Alteration works for commercial, industrial and institutional buildings. Sub Structure Construction/Installation Variation orders and hand - over of project Maintenance works after handover Plumbing & Sanitary Fire Protection Extra Low Voltage Integrated Building Management System and Plants & Processes Super Structure Civil Architecture Interior Decoration 6
Notable Projects Asia Square Tower 1 Contract Value: S$127.0M Marina Bay Sands Integrated Resorts Contract Value: S$161.2M Procter & Gamble International Operations SA Singapore Branch Contract Value: S$60.0M Raffles Education Centre Contract Value: S$11.8M NTU Cleantech Park 1 Contract Value: S$13.2M Corporation Place Contract Value: S$12.8M Junction 8 Shopping Centre Contract Value: S$10.3M Ang Mo Kio MRT Contract Value: S$12.0M 7
Notable Projects - Ongoing Marina One Contract Value: S$142.2M Changi Airport Group Contract Value: S$86.1M Tampines Hub Contract Value: S$33.0M Frasers Tower Contract Value: S$43.9M Total Unfulfilled Order book of S$455M Sands China The Parisian Macao Contract Value: S$60.0M MDIS Educity@Iskandar Contract Value: S$70.0M Centrepoint Shopping Centre Contract Value: S$30.0M 8
Real Estate Business
Regional real estate developer with an established track record Geographical presence in Singapore, Malaysia, Thailand, Australia, and New Zealand Listed on SGX Mainboard Market cap ~ S$90M Business Mandate Real Estate Business Our Operating Model Residential property development projects pre-dominantly freehold in tenure, targeted at middle-to-high income consumers who value exclusivity Engaged in commercial and industrial property development Acquiring a portfolio of recurring income generating properties Our Value Proposition Property Development Assessment of viability and profitability of proposed project Acquisition of land site/project (100% or joint venture) Appointment of consultants and contractors Property Investment Assessment of feasibility, viability and potential capital appreciation Invest in recurring incomegenerating assets with redevelopment potential for acquisition Partnerships Track Record Sales and marketing strategy customized for each individual project Completion and hand-over Build up on the Group s investment portfolio to maintain a strategic balance between property development business and property investment business 10
Real Estate Business AUSTRALIA 2 Quality Hotel CKS Sydney Airport Larmont Sydney NEW ZEALAND 2 Workotel @ Riccarton Thistle Guesthouse VIETNAM 1 Peach Garden MALAYSIA 1 Third Avenue, Cyberjaya THAILAND 8 Chewathai RBF 2 Chewathai Interchange Chewathai Residence Bang Pho Hallmark Chaengwattana Hallmark Ngamwongwan The Surawong Chewathai Ramkhamhaeng Chewathai RBF 1 SINGAPORE 15 The Boutiq Rezi 26 Sky Green Palacio The Peak @ Cairnhill I The Peak @ Cairnhill II Rezi 3Two Trio Hexacube Floraville NEWest TEE Building Hilbre28 Upper Thomson Road Mountbatten Edge 11
Real Estate Portfolio RBF 1 - Chewathai Rezi3Two 91 Marshall Workotel Third Avenue Chewathai Interchange The Peak @Cairnhill II Quality CKS Sydney Airport Hotel 12
Infrastructure Business
Infrastructure Business Operating Model 14
Infrastructure Business GETCO - Waste water treatment plant in Thailand Total Capacity of 350mil litres per day CMC Infocomm A regional integrated and innovative comm unications solutions and services provider Facility manager of affordable housing in Thailand PowerSource Philippines Distributed Power Holdings 15
Building Recurrent Income Total Recurring Revenue of S$16.6M in FY2015 NORDAM Investment property in Singapore Hotels in Australia GETCO - Waste water treatment plant in Thailand Facility manager of affordable housing in Thailand Workotel in New Zealand 16
Competitive Strengths
Competitive Strengths 1 Established & Proven Track Record 2 Integrated Engineering Services 3 Focus on Customers Needs, Quality & Safety 4 Established Relationships with Market Players & Suppliers 5 Dedicated & Experienced Management Team 18
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