FY2010 Results Briefing1 October 2010

S t r u c t u r e s T h a t S h a p e T h e F u t u r e

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Contents

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Corporate highlights

Financial performance

Prospects, Business Strategies and Future plans

Corporate Highlights

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Corporate overview

Quality standing Operations

• Delivered steel structures for many iconic projects in Singapore

• One of two S1 accredited companies with design and fabrication facilities in Singapore

• Based in Singapore, with operations in Singapore and Malaysia.

• 3 production facilities with a maximum annual capacity of 42,000 tonnes normal structural steel:– Singapore: 20,000 tonnes – Johor, Malaysia: 22,000

tonnes

• Operates 2 dormitories in Jalan Papan and Upper Jurong Road with a total capacity of 5,700 persons

One of the largest Structural Steel fabricators with a reputation as a leading structural steel specialist

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Awarded the Singapore Changi Airport Terminals 2 and 3 and the New Supreme Court contracts in 2003

Established in 1981, TTJDE moved into steel fabrication for HDB pre-fabricated housing scheme

Acquired expertise in precision fabrication, heavy lifting and launching of beams and girders

Started our Malaysian operations in 1990 to supplement Singapore operations Expanded operations to the

Middle East in mid-2000s

Significant increase in fabrication output and efficiency with relocation to the Pioneer Factory and acquisition of CNC machines in 1996

Converted Suasa Factory to exclusively fabricate stainless steel and commencement of Keluli Factory’s operations in 2007

Started dormitory business in 2004

Corporate milestones

Expanded to bigger factory at Tuas in 1983

Secured MRT projects in 1985

Ventured into the marine industry in 1995

Awarded several large contracts in 2008 including REC Plant and part of MBS IR

Ventured into offshore oil and gas industry in 2006

Early Years: 1980s Expansion Years: 1990s Expansion Years: 2000s

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Completed Double Helix Bridge Project in 2009

Listed on the Main Board of the Singapore Stock Exchange1 April 2010

We fabricate and erect steel structures to be used on various buildings including but not limited to Commercial buildings Factories and/or plants

Our high standards of precision in fabrication and ingenuity in site handling and erection have enabled us to provide structural steel solutions for the following industries:

Structural steel business

Construction – including buildings, bridges, and civil defence shelter doors Oil & gas and Offshore

Marine Pharmaceutical Petrochemical and Power Generation6

Dormitory business

We operate 2 dormitories in Singapore with a total capacity of approximately 5,700 persons

The Terusan Lodge The Jurong Apartment

Capacity 5,300 432

Location Jalan Papan Upper Jurong Road (conveniently located near Jurong Industrial District)

Tenure 12 Jan 2011 (Renewable for a further 3 years plus 3 years at the discretion of the BCA)

13 Jan 2012

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One of the largest Singapore based independent structural steel fabricators

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Pioneer FactorySingapore

Suasa FactoryJohor, Malaysia

Keluli FactoryJohor, Malaysia

Approx. land area 17,000 sq m 10,117 sq m 86,198 sq m

Current max. annual production capacity of

normal structural20,000 tonnes 22,000 tonnes

Remarks Waterfront loading area Exclusively fabricate stainless steelworks

Predominantly fabricate carbon steelworks ; fabricated steelworks mock-up and storage

Among the 11 steel fabricators in Singapore with S1 grading, the highest accreditation by the Singapore Structural Steel Society, we are one of only two with fabrication facilities in Singapore

* Based on the production floor area, number of machines, production workers and the number of production operators manning the machines as at the end of the financial year being operational for 12 hours per day for 300 days in a year.

Established and proven track record

9Note: Above listing of projects are not the entire array performed / secured by T T J

The MRT

Changi Airport Terminal 3

Pinnacle @ Duxton

The New Supreme Court

The Helix Bridge at Marina Bay

Sky Garden Bridges of Reflections @ Keppel Bay

SuperTrees of Gardens by the Bay

Bahrain World Trade Centre Twin Towers

Dubai Maritime City

Delivered steel structures and awarded contracts for many iconic projects in Singapore and the Middle East:

Technical capability, expertise and infrastructure to execute complex projects

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Ability to carry out complex and demanding projects according to customers’ specifications and spawn many innovative work methods

Changi Airport Terminal 3: Main pavilion roof structure

Henderson Bridge

The New Supreme Court Building

Changi Airport Terminal 2

Helix Bridge: Duplex stainless steel helix framed structure

Lion Crane 1& 2: Two dock cranes at SembawangShipyard

Management structure

Board of Directors

Hiroshi UtadaHead – Business

Development

Dr Teo Teck HeongHead - Operations

(Malaysia)

Sriramaraju BuddharajuDeputy Head

(Singapore Operations)

Elavarasu Soma SundaramHead – Operations

(Singapore and Middle East)

Chiong Su BeenExecutive Director and CFO

Dr Ng Yiaw HeongHead - Engineering

and Contract

Teo Hock ChweeChairman and Managing Director

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Experienced and dedicated management team

Elavarasu Soma Sundaram• Over 15 years experience with the TTJ Group• B.Eng Mechanical Engineering (Annamalai University,

India)

Hiroshi Utada• Over 20 years working experience with Japanese

corporations• Joined the Group in 2008• BA in Economics (Yamaguchi University, Japan)

Dr Teo Teck Heong • Over 10 years of engineering and operations experience• Joined the Group in 2003• B.Eng Civil Engineering (Universiti Teknologi Malaysia) and

holds a PhD (National University of Singapore)

Supported by Executive OfficersDr Ng Yiaw Heong • Over 10 years of engineering experience, specialises in the

design and construction of structural steelwork• First joined the Group in 2002, and rejoined in 2009• Council member in Singapore Structural Steel Society and

appointed as Chairman of Singapore Structural Steel Fabricator Accredited Scheme

• B.Eng in Civil Engineering (University Teknologi Malaysia); M.Eng and PhD (National University of Singapore)

Sriramaraju Buddharaju• Over 35 years experience in engineering, fabrication and

quality control • Joined the Group in 1995• B.Eng in Mechanical Engineering (Andhra University, India)

Teo Hock Chwee - Chairman and Managing Director• Over 34 years experience in the structural steel industry• Responsible for overall business strategy of the Group

and management of the dormitory business

Chiong Su Been - Executive Director and CFO• Over 12 years experience in accounting and finance• Joined the Group in 2005• Responsible for full spectrum of financial and taxation

functions

Executive Directors

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FY2010 Financial Performance

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Key financial highlights (FYE 31 July)

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FY2010 vs FY2009• FY2009 an exceptionally strong year with substantial completion of many large scale, iconic projects such

as REC plant, the Helix Bridge, and the Pinnacle @ Duxton, Power Seraya Cogen plant, Shell Eastern Petroleum Houdini MEG

Substantial portion to

be completed in FY2011

and FY2012

Approx. $110m

Profits (S$’m)

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S$’m S$’m

Gross Profit & Margin Profit After Tax & Margin

FY2010 vs FY2009• GP margin improved by 8.8 pct points• Better margins from the projects it secured and executed + from its dormitory business in FY2010

Revenue by business

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Segment (S$’m) FY2008 FY2009 FY2010 % Chg

Structural Steel 64.0 135.7 58.2 (57.1)

Dormitory 1.4 2.4 11.6 383.3

Total 65.5 138.1 69.7 (49.5)

Structural Steel• Completed less work for

ongoing projects vis-à-vis FY2009

• Scale and contract value of projects in FY2010 were also smaller in comparison

• Some of these projects include Alcon Singapore, Tuas Power, Dril-Quip Asia Pacific.

Dormitory• Full year contribution from

Terusan Lodge I, which was fully operational from May 2009

Key financial indicators

Profitability Ratios FY2007 FY2008 FY2009 FY2010

EPS (cents) 3.8 2.7 5.5 2.5

Return On Assets (%) 17.7 7.7 13.3 6.2

Return On Equity (%) 70.6 34.0 41.8 11.3

EPS and NAV are calculated based on current financial period of 350m Shares and the pre-invitation share capital of 240m Shares

Financial Position (S$’m) FY2009 FY2010

Total assets 99.1 109.0

Total liabilities 67.5 49.1

Shareholders’ equity 31.6 59.9

Cash and cash equivalents 2.1 23.4

Gearing FY2009 FY2010

Net gearing ratio (times) 1.26 0.07

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NAV FY2009 FY2010

NAV per share (cents) 13.18 17.10

Corporate Updates

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Major ongoing projects: Substantial completion between FY2011-FY2012

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Sky Garden Bridges and Tower Crowns of the Reflections @ Keppel Bay

SuperTrees of Gardens by the Bay

Marina Bay Sands Integrated Resort

Public Sector Projects: Installation of civil defence shelter doors

Downtown Line 2: Installation of temporary strutting systems and civil defence shelter doors

Campus for Research Excellence and Technological Enterprise (CREATE) at NUS

Petrochemical project in Jurong Island

Prospects, Business Strategies and Future Plans

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Construction sector outlook in Singapore

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Projected SpendingBCA projection of construction contracts:• 2010: $21-S$27 bil• 2011 and 2012: $18- $25 bil(1)

Government investment in building/ infrastructure projects• 2010 & 2011: $15-$17 bil each year(2)

• 2010: The public sector expected to contribute 65% of construction demand(3)

Other projects out in the market

• LTA to spend $60b on MRT projects in next 10 years: Downtown Line 2 and 3, the Thomson Line and the Eastern Region Line; extension to E-W and N-S lines (4)

• Chemical plants: LNG terminal, Lanxess Synthetic Rubber

• O&G related projects: Jurong Island and Tuas area

• Others: National Art Gallery; NUH Medical Centre, Sports Hub

Construction Demand (Contracts awarded) 1994-2010 (4)

(1)Ministry of National Development website , http://www.mnd.gov.sg/newsroom/speeches/speeches_2010_SMS_13012010.htm , accessed on 21 January 2010. (2) Straits Times dated 24 March 2009 (3) ChannelNewsAsia http://www.channelnewsasia.com/stories/singaporelocalnews/print/1030448/1/.html , accessed on 21 January 2010 (4) National Day Rally Speech 2010 by the Prime Minister; LTA website

Future plans

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Construction of a new fabrication facility in the Middle East

• Production capacity of 300-500 tonnes per month• To augment our marketing efforts and help garner a greater share of the market• To enhance our responsiveness to the needs of our customers

Further expansion of our on-site capabilities and resources in Malaysia

• To expand capabilities of the Keluli Factory:Adding a blasting chamber to treat fabricated

material in-houseConstructing a new administrative building

• Supply, fabrication and installation of strutting systems • Increased opportunities from projects earmarked by LTA*: Downtown Line 2 & 3 Thomson Line Eastern Region Line N-S Line Extension North South Expressway

Expand into the strutting systems business

*Source: Land Transport Masterplan, LTA website at http://www.lta.gov.sg/ , accessed on 21 January 2010.

Advancing our position as a leading provider of structural steelworks in Singapore

Outlook

Healthy order book

• Upcoming public and private developments

• Demand for civil defence shelter doors

• Strutting systems business

Additional opportunities from growth in Singapore’s

construction sector

• S$110 million as at 29 Sep 2010

• Substantial completion between FY2011-FY2012

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Thank You

Q&As

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