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• Revenue: +8.3% (2Q09), +4.3% (1H09)
• Net Profit: -9.4% (2Q09), -20.0% (1H09)
• Press Release: Generated healthy operating cash flow and maintains strong order book
• 2Q2009 PATMI Grew 28% Over 1Q2009
• Commercial sales constituted 62% or $872 million of turnover for 2Q2009
• Order book of $10.74 billion at end June 2009, of which about $2.06 billion is expected to be delivered in the second half of 2009
• Healthy operating cash flow of $192 million
• Cash and cash equivalents total $1.08 billion
• Advance payments from customers total $1.36 billion
• Economic value added for first half of 2009 was $119.2 million (1H2008: $182.7 million)
• Outlook: Barring unforeseen circumstances, the Group expects to achieve higher turnover and PBT in 2H2009 compared to that of 1H2009; and comparable turnover and PBT for FY2009 over FY2008.
• For Aerospace and Electronics sectors, the respective 2H2009 turnover is expected to be comparable, whilst PBT is expected to be higher than that of 1H2009.
• For Land Systems sector, 2H2009 turnover is expected to be higher, whilst PBT is expected to be comparable to that of 1H2009.
• For Marine sector, turnover for 2H2009 is expected to be lower, whilst PBT is expected to be comparable to that of 1H2009.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 1,318,191 1,408,942
2008 1,315,240 1,300,469 1,382,392 1,346,414 5,344,515
2007 1,219,965 1,298,295 1,236,432 1,296,290 5,050,982
2006 1,005,343 1,064,564 1,160,200 1,255,651 4,485,758
2005 710,075 819,778 810,462 997,580 3,337,895
2004 NA NA 768,652 807,518 2,948,127
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 85,235 108,681
2008 122,542 119,938 128,898 102,258 473,636
2007 108,836 122,805 125,491 146,371 503,503
2006 88,238 110,016 114,988 131,885 445,127
2005 88,111 101,328 104,513 102,356 396,308
2004 NA NA 96,786 99,384 354,198
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Dividends

FY Interim Final Special (SGD)
2009 0.03
2008 0.03 0.04 0.0880
2007 0.02 0.04 0.1088
2006 NA 0.04 0.1111
2005 NA 0.04 0.096
2004 NA 0.04 0.0839
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Bonus / Rights / Stock Split

Date Type Details
NA
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Share Data (SGD)

NAV = $0.467
EPS = $0.0646 (6M FY09)
Diluted EPS = $0.0646 (6M FY09)
No of Shares = To be Updated
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA