Straco Corporation Limited (SGX:S85) > Financials > Key Stats

In Millions of the trading currency, except per share items. Currency: Trading Currency Conversion: Historical
Order: Latest on Right Units: S&P Capital IQ (Default)
Decimals: Capital IQ (Default) Dilution: Basic

Key Financials¹
For the Fiscal Period Ending 12 months 12 months 12 months 12 months 12 months 12 months
Dec-31-2003A Dec-31-2004A Dec-31-2005A Dec-31-2006A Dec-31-2007A Dec-31-2008A
Currency SGD SGD SGD SGD SGD SGD

Total Revenue 11.3 18.0 18.1 19.3 25.1 33.6

Growth Over Prior Year (59.6%) 58.8% 0.7% 6.6% 29.9% 34.1%

Gross Profit 4.9 6.7 7.2 7.9 12.1 16.4

Margin % 43.6% 37.1% 39.6% 40.8% 48.3% 48.6%

EBITDA 5.1 6.9 8.6 8.0 11.6 16.1

Margin % 44.7% 38.3% 47.5% 41.4% 46.2% 47.9%

EBIT 2.8 2.6 4.2 3.6 7.6 11.3

Margin % 24.9% 14.3% 23.0% 18.8% 30.2% 33.5%

Earnings from Cont. Ops. 2.5 0.7 3.2 3.6 6.5 8.2
Margin % 22.0% 4.2% 17.5% 18.5% 25.9% 24.4%

Net Income 2.4 0.6 3.0 3.4 6.2 7.7

Margin % 21.2% 3.4% 16.4% 17.5% 24.7% 23.0%

Diluted EPS Excl. Extra Items³ 0.01 0.0 0.0 0.0 0.01 0.01
Growth Over Prior Year 1,266.3% (90.5%) 373.3% 13.6% 83.5% 24.8%

Currency SGD SGD SGD SGD SGD SGD

Exchange Rate 1.0 1.0 1.0 1.0 1.0 1.0
Conversion Method H H H H H H

¹All results are taken from the most recently filed statement for each period. When there has been more than one, earlier filings can be viewed on the individual statement pages.
²Growth rates for the LTM period are calculated against the LTM period ending 12 months before.

Growth Rates are calculated in originally reported currency only and will not reflect any currency conversion selected above.

Current Capitalization (Millions of SGD)

Currency SGD
Share Price 0.78
Shares Out. 862.2

Market Capitalization 668.2

- Cash & Short Term Investments 193.0
+ Total Debt 46.9
+ Pref. Equity -
+ Total Minority Interest 11.5
= Total Enterprise Value (TEV) 533.7

Book Value of Common Equity 273.7

+ Pref. Equity -
+ Total Minority Interest 11.5
+ Total Debt 46.9
= Total Capital 332.1

**For companies that have multiple share classes that publicly trade,
we are incorporating the different prices to calculate our company
Note: Striped area represents the impact of negative Net Liability on Market Cap.
Total Liability includes Total Debt, Minority Interest and Pref. Equity.
Net Liability includes Total Liability, net of Cash and Short Term Investments.
TEV includes Market Cap and Net Liability.
Total Capital includes Common Equity and Total Liability.

Valuation Multiples
For the Fiscal based on Current Capitalization
Period Ending 12 months 12 months 12 months 12 months 12 months
Dec-31-2014A Dec-31-2015A Dec-31-2016A Dec-31-2017A Mar-31-2018A
TEV/Total Revenue 5.8x 4.2x 4.3x 4.2x 4.5x

TEV/EBITDA 9.1x 6.4x 6.8x 6.7x 7.4x

TEV/EBIT 9.9x 7.5x 8.2x 8.0x 8.9x

P/Diluted EPS Before Extra 17.7x 13.7x 14.4x 14.0x 15.8x

P/BV 3.5x 3.0x 2.7x 2.5x 2.4x

Price/Tang BV 3.6x 3.0x 2.8x 2.5x 2.5x

 12 months 12 months 12 months 12 months 12 months 12 months 12 months 12 months 12 months
Dec-31-2009A Dec-31-2010A Dec-31-2011A Dec-31-2012A Dec-31-2013A Dec-31-2014A Dec-31-2015A Dec-31-2016A Dec-31-2017A
SGD SGD SGD SGD SGD SGD SGD SGD SGD

36.3 51.6 46.1 55.2 72.8 92.3 127.7 125.2 128.4

7.8% 42.2% (10.6%) 19.7% 32.0% 26.7% 38.3% (2.0%) 2.6%

19.4 32.6 28.6 35.6 68.5 87.6 117.4 114.8 117.6

53.6% 63.2% 62.1% 64.5% 94.0% 94.9% 92.0% 91.7% 91.6%

17.8 29.8 26.1 31.0 46.5 58.7 83.8 78.2 80.4

49.0% 57.9% 56.7% 56.1% 63.9% 63.6% 65.6% 62.5% 62.6%

12.5 24.9 21.4 26.2 42.6 54.1 71.0 65.4 67.5

34.4% 48.4% 46.5% 47.5% 58.4% 58.6% 55.6% 52.3% 52.5%

9.3 19.5 17.1 20.5 35.4 39.3 51.8 49.2 50.6

25.7% 37.8% 37.0% 37.1% 48.6% 42.5% 40.6% 39.3% 39.4%

8.8 18.7 16.5 19.7 34.1 37.7 49.0 46.5 47.7

24.4% 36.2% 35.8% 35.7% 46.8% 40.8% 38.4% 37.1% 37.2%

0.01 0.02 0.02 0.02 0.04 0.04 0.06 0.05 0.06

14.2% 111.2% (11.1%) 21.0% 73.6% 9.2% 29.5% (4.9%) 2.6%

SGD SGD SGD SGD SGD SGD SGD SGD SGD

1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0
H H H H H H H H H
Straco Corporation Limited (SGX:S85) > Financials > Income Statement

In Millions of the reported currency, except per share items. Template: Standard Restatement: Latest Filings
Period Type: Annual Order: Latest on Right
Currency: Reported Currency Conversion: Historical
Units: S&P Capital IQ (Defaul Decimals: Capital IQ (Default)
Source: Capital IQ & Proprieta

Income Statement
For the Fiscal Period Ending 12 months 12 months 12 months 12 months 12 months 12 months
Dec-31-2003 Dec-31-2004 Dec-31-2005 Dec-31-2006 Dec-31-2007 Dec-31-2008
Currency SGD SGD SGD SGD SGD SGD

Revenue 10.7 18.0 18.1 18.5 24.2 32.3

Interest And Invest. Income (Rev) 0.0 - - - - -
Other Revenue 0.6 - - 0.8 0.9 1.3
Total Revenue 11.3 18.0 18.1 19.3 25.1 33.6

Cost Of Goods Sold 6.4 11.3 11.0 11.4 13.0 17.3

Gross Profit 4.9 6.7 7.2 7.9 12.1 16.4

Selling General & Admin Exp. 2.1 5.1 3.8 4.3 4.5 5.1
R & D Exp. - - - - - -
Depreciation & Amort. - - - - - -
Other Operating Expense/(Income) - (1.0) (0.8) 0 - 0

Other Operating Exp., Total 2.1 4.1 3.0 4.3 4.5 5.1

Operating Income 2.8 2.6 4.2 3.6 7.6 11.3

Interest Expense (1.1) (1.6) (0.9) (0.2) - (0.8)

Interest and Invest. Income - 0.4 0.7 0.9 0.8 0.8
Net Interest Exp. (1.1) (1.2) (0.2) 0.7 0.8 0

Currency Exchange Gains (Loss) (0.1) - - - - -

Other Non-Operating Inc. (Exp.) - - - - - -
EBT Excl. Unusual Items 1.6 1.3 4.0 4.3 8.4 11.2
Impairment of Goodwill 1.4 - - - - -
Gain (Loss) On Sale Of Assets - - - - - -
Asset Writedown - - - - - -
Other Unusual Items - - - - - -
EBT Incl. Unusual Items 3.0 1.3 4.0 4.3 8.4 11.2

Income Tax Expense 0.5 0.6 0.8 0.8 1.9 3.0

Earnings from Cont. Ops. 2.5 0.7 3.2 3.6 6.5 8.2

Earnings of Discontinued Ops. - - - - - -

Extraord. Item & Account. Change - - - - - -
Net Income to Company 2.5 0.7 3.2 3.6 6.5 8.2

Minority Int. in Earnings (0.1) (0.1) (0.2) (0.2) (0.3) (0.5)

Net Income 2.4 0.6 3.0 3.4 6.2 7.7

Pref. Dividends and Other Adj. - - - - - -

NI to Common Incl Extra Items 2.4 0.6 3.0 3.4 6.2 7.7
NI to Common Excl. Extra Items 2.4 0.6 3.0 3.4 6.2 7.7

Per Share Items

Basic EPS 0.01 0.0 0.0 0.0 0.01 0.01
Basic EPS Excl. Extra Items 0.01 0.0 0.0 0.0 0.01 0.01
Weighted Avg. Basic Shares Out. 316.6 844.7 868.9 868.9 868.9 868.9

Diluted EPS 0.01 0.0 0.0 0.0 0.01 0.01

Diluted EPS Excl. Extra Items 0.01 0.0 0.0 0.0 0.01 0.01
Weighted Avg. Diluted Shares Out. 316.6 844.7 868.9 868.9 868.9 868.9

Normalized Basic EPS 0.0 0.0 0.0 0.0 0.01 0.01

Normalized Diluted EPS 0.0 0.0 0.0 0.0 0.01 0.01

Dividends per Share NA NA NA 0.0 0.0 0.0

Payout Ratio % NA NA NA NA 35.0% 42.1%

Supplemental Items
EBITDA 5.1 6.9 8.6 8.0 11.6 16.1
EBITA 2.8 2.6 4.2 3.6 7.6 11.3
EBIT 2.8 2.6 4.2 3.6 7.6 11.3
EBITDAR NA NA 10.0 9.2 13.3 18.6
Effective Tax Rate % 17.7% 44.0% 20.2% 17.6% 22.4% 26.9%
Current Domestic Taxes NA NA 0.7 NA NA NA
Current Foreign Taxes NA NA NA 0.7 1.8 NA
Total Current Taxes - - 0.7 0.7 1.8 2.7
Deferred Domestic Taxes NA NA 0.1 NA NA NA
Deferred Foreign Taxes NA NA NA 0.1 0.1 NA
Total Deferred Taxes - - 0.1 0.1 0.1 0.3

Normalized Net Income 0.9 0.7 2.3 2.5 4.9 6.5

Filing Date Mar-01-2005 Apr-11-2006 Apr-10-2007 Apr-21-2008 Apr-02-2009 Apr-15-2010
Restatement Type RC RC RS RC NC NC
Calculation Type REP REP REP REP REP REP

Supplemental Operating Expense Items

Selling and Marketing Exp. NA NA NA NA NA NA
General and Administrative Exp. 2.1 5.1 3.8 4.3 4.5 5.1
Net Rental Exp. NA NA 1.3 1.2 1.7 2.5
Imputed Oper. Lease Interest Exp. - - 0.5 0.2 - -
Imputed Oper. Lease Depreciation - - 0.8 1.0 - -
Maintenance & Repair Exp. NA NA NA NA NA NA

Stock-Based Comp., SG&A Exp. - - - - - -

Stock-Based Comp., Unallocated - - - - 0.1 0.5
Stock-Based Comp., Total - - - - 0.1 0.5

Note: For multiple class companies, per share items are primary class equivalent, and for foreign companies listed as primary ADRs, per share items are ADR-equivalent.
 12 months 12 months 12 months 12 months 12 months 12 months 12 months 12 months 12 months
Dec-31-2009 Dec-31-2010 Dec-31-2011 Dec-31-2012 Dec-31-2013 Dec-31-2014 Dec-31-2015 Dec-31-2016 Dec-31-2017
SGD SGD SGD SGD SGD SGD SGD SGD SGD

34.5 51.6 46.1 55.2 72.8 92.3 127.7 125.2 128.4

- - - - - - - - -
1.7 - - - - - - - -
36.3 51.6 46.1 55.2 72.8 92.3 127.7 125.2 128.4

16.8 19.0 17.5 19.6 4.4 4.7 10.2 10.4 10.8

19.4 32.6 28.6 35.6 68.5 87.6 117.4 114.8 117.6

7.0 7.7 7.2 9.4 19.9 24.7 31.4 34.3 34.2

- - - - - - - - -
- - - - 3.9 4.6 12.8 12.8 12.9
0 0 0 (0.1) 2.1 4.2 2.3 2.3 3.0

7.0 7.7 7.2 9.4 25.9 33.6 46.4 49.4 50.1

12.5 24.9 21.4 26.2 42.6 54.1 71.0 65.4 67.5

- - - - 0 (0.2) (1.9) (1.6) (1.2)

0.7 0.9 1.8 2.8 3.3 3.3 3.2 3.6 4.3
0.7 0.9 1.8 2.8 3.2 3.2 1.3 2.0 3.1

- - - - 2.2 (1.5) 0.1 0 (0.3)

- 1.8 1.2 1.1 1.6 1.8 0.6 0.9 0.6
13.1 27.6 24.5 30.1 49.6 57.5 73.0 68.2 70.8
 - - - - - 0.1 - - -
- - - - 0.7 0 (0.1) 0 0
- - - - - - - - (0.3)
- - - - - - - - -
13.1 27.6 24.5 30.1 50.3 57.6 72.9 68.2 70.5

3.8 8.1 7.4 9.6 14.9 18.4 21.1 19.0 19.8

9.3 19.5 17.1 20.5 35.4 39.3 51.8 49.2 50.6

- - - - - - - - -
- - - - - - - - -
9.3 19.5 17.1 20.5 35.4 39.3 51.8 49.2 50.6

(0.5) (0.9) (0.5) (0.8) (1.3) (1.6) (2.8) (2.7) (2.9)

8.8 18.7 16.5 19.7 34.1 37.7 49.0 46.5 47.7

- - - - - - - - -

8.8 18.7 16.5 19.7 34.1 37.7 49.0 46.5 47.7

8.8 18.7 16.5 19.7 34.1 37.7 49.0 46.5 47.7

0.01 0.02 0.02 0.02 0.04 0.04 0.06 0.05 0.06

0.01 0.02 0.02 0.02 0.04 0.04 0.06 0.05 0.06
868.9 868.9 865.8 850.5 842.8 846.6 854.2 858.5 859.8

0.01 0.02 0.02 0.02 0.04 0.04 0.06 0.05 0.06

0.01 0.02 0.02 0.02 0.04 0.04 0.06 0.05 0.06
868.9 868.9 867.3 852.2 851.1 860.3 864.7 862.5 863.5

0.01 0.02 0.02 0.02 0.04 0.04 0.05 0.05 0.05

0.01 0.02 0.02 0.02 0.03 0.04 0.05 0.05 0.05

0.01 0.01 0.01 0.01 0.01 0.02 0.02 0.03 0.03

36.9% 23.3% 39.4% 32.8% 30.9% 28.1% 35.0% 46.2% 45.1%

17.8 29.8 26.1 31.0 46.5 58.7 83.8 78.2 80.4

12.5 24.9 21.4 26.2 42.6 54.1 71.8 66.0 68.1
 12.5 24.9 21.4 26.2 42.6 54.1 71.0 65.4 67.5
20.1 33.0 28.6 33.8 50.2 63.4 90.6 85.1 87.7
29.1% 29.3% 30.3% 31.9% 29.6% 31.9% 28.9% 27.9% 28.2%
NA NA NA NA NA NA NA NA NA
NA NA NA NA NA NA NA NA NA
3.3 7.1 7.4 9.5 15.1 16.4 18.0 16.6 17.6
NA NA NA NA NA NA NA NA NA
NA NA NA NA NA NA NA NA NA
0.6 1.0 0 0.1 (0.3) 2.0 3.1 2.4 2.3

7.7 16.4 14.8 18.0 29.7 34.4 42.8 39.9 41.3

Apr-12-2011 Apr-13-2012 Apr-16-2013 Apr-11-2014 Apr-14-2015 Apr-13-2016 Apr-11-2017 Apr-11-2018 Apr-11-2018
NC RC NC NC RC RC RC NC O
REP REP REP REP REP REP REP REP REP

NA NA NA NA 2.7 2.3 2.5 1.6 1.1

7.0 7.7 7.2 9.4 3.2 4.0 3.3 3.1 2.8
2.4 3.2 2.5 2.9 3.7 4.7 6.9 6.9 7.3
- - - - - - 1.2 1.3 1.3
- - - - - - 5.6 5.6 6.0
NA NA NA NA 2.1 2.2 4.9 4.4 4.6

- - - - 0.5 1.3 1.9 1.6 1.0

- 0.2 0.6 0.4 - - - - -
- 0.2 0.6 0.4 0.5 1.3 1.9 1.6 1.0
Straco Corporation Limited (SGX:S85) > Financials > Balance Sheet

In Millions of the reported currency, except per share items. Template: Standard Restatement: Latest Filings
Period Type: Annual Order: Latest on Right
Currency: Reported Currency Conversion: Historical
Units: S&P Capital IQ (Defaul Decimals: Capital IQ (Default)
Source: Capital IQ & Proprieta

Balance Sheet
Balance Sheet as of:
Dec-31-2003 Dec-31-2004 Dec-31-2005 Dec-31-2006 Dec-31-2007 Dec-31-2008
Currency SGD SGD SGD SGD SGD SGD
ASSETS
Cash And Equivalents 22.0 40.7 32.6 32.8 30.8 34.3
Short Term Investments - - 0.0 0.1 0.0 0.0
Total Cash & ST Investments 22.0 40.7 32.6 33.0 30.8 34.3

Accounts Receivable 0.1 0.0 0.1 0.2 1.1 0.3

Other Receivables 0.4 0.3 0.4 0.5 0.8 0.8
Total Receivables 0.5 0.3 0.4 0.7 1.9 1.1

Inventory 0.3 0.4 0.4 0.5 0.8 0.8

Prepaid Exp. - 0.2 0.1 0.1 0.6 0.2
Other Current Assets 1.9 - - - - -
Total Current Assets 24.7 41.5 33.6 34.2 34.1 36.3

Gross Property, Plant & Equipment 84.8 80.6 87.1 84.2 95.1 102.0
Accumulated Depreciation (12.7) (16.4) (21.6) (24.7) (29.0) (35.3)
Net Property, Plant & Equipment 72.1 64.2 65.5 59.5 66.1 66.7

Goodwill - - - - 1.5 1.4

Other Intangibles - - - - - -
Deferred Tax Assets, LT 0.3 0.3 0.2 0.1 - 0.0
Deferred Charges, LT - - - 0.1 0.5 0.3
Other Long-Term Assets - - - - - -
Total Assets 97.1 106.0 99.3 94.0 102.2 104.8

LIABILITIES
Accounts Payable 7.0 0.3 0.6 0.9 0.9 0.9
Accrued Exp. 0.5 0.5 0.9 0.5 1.3 0.5
Short-term Borrowings 2.3 19.0 10.5 3.9 3.7 -
Curr. Port. of LT Debt 13.2 4.2 - - - -
Curr. Income Taxes Payable 0.0 - 0.5 0.1 0.5 0.4
Unearned Revenue, Current - - - - - -
Other Current Liabilities - 0.9 0.6 1.3 3.5 3.0
Total Current Liabilities 23.1 24.9 13.1 6.8 9.9 4.8

Long-Term Debt 36.3 1.8 1.9 1.8 1.8 -

Unearned Revenue, Non-Current - - - - 0.1 0.1
Def. Tax Liability, Non-Curr. - - - - 0.2 0.5
Other Non-Current Liabilities - - - - - -
Total Liabilities 59.4 26.6 14.9 8.5 11.9 5.4

Common Stock 34.6 43.4 43.4 77.0 77.0 77.0

Additional Paid In Capital - 33.5 33.5 - - -
Retained Earnings 2.4 3.0 6.3 9.9 14.0 18.4
Treasury Stock - - - - - -
Comprehensive Inc. and Other (1.0) (2.4) (1.0) (3.4) (2.7) 1.5
Total Common Equity 35.9 77.6 82.4 83.6 88.2 96.9

Minority Interest 1.8 1.8 2.0 1.9 2.1 2.5

Total Equity 37.7 79.4 84.4 85.5 90.3 99.4

Total Liabilities And Equity 97.1 106.0 99.3 94.0 102.2 104.8

Supplemental Items
Total Shares Out. on Filing Date 691.9 868.9 868.9 868.9 868.9 868.9
Total Shares Out. on Balance Sheet Date 691.9 868.9 868.9 868.9 868.9 868.9
Book Value/Share 0.05 0.09 0.09 0.1 0.1 0.11
Tangible Book Value 35.9 77.6 82.4 83.6 86.7 95.5
Tangible Book Value/Share 0.05 0.09 0.09 0.1 0.1 0.11
Total Debt 51.8 25.0 12.3 5.7 5.5 0
Net Debt 29.8 (15.7) (20.3) (27.3) (25.3) (34.3)
Debt Equivalent Oper. Leases NA NA 10.8 9.9 13.3 20.1
Total Minority Interest 1.8 1.8 2.0 1.9 2.1 2.5
Inventory Method NA NA NA FIFO FIFO FIFO
Raw Materials Inventory NA NA NA NA NA NA
Finished Goods Inventory NA NA NA NA NA NA
Land NA NA 29.6 28.3 32.3 34.4
Buildings NA NA 4.3 NA NA NA
Machinery NA NA 51.2 45.1 49.6 52.3
Construction in Progress - - 2.1 2.1 2.1 2.3
Leasehold Improvements - - 4.3 4.2 4.9 5.9
Full Time Employees NA NA NA 285 NA NA
Accum. Allowance for Doubtful Accts 0.1 0.1 0.1 0.1 0.1 NA
Filing Date Mar-01-2005 Apr-11-2006 Apr-10-2007 Apr-21-2008 Apr-02-2009 Apr-15-2010
Restatement Type NC NC NC NC NC NC
Calculation Type REP REP REP REP REP REP

Note: For multiple class companies, total share counts are primary class equivalent, and for foreign companies listed as primary ADRs, total share counts are ADR-equivalent.
Dec-31-2009 Dec-31-2010 Dec-31-2011 Dec-31-2012 Dec-31-2013 Dec-31-2014 Dec-31-2015 Dec-31-2016 Dec-31-2017
SGD SGD SGD SGD SGD SGD SGD SGD SGD

45.1 65.1 82.2 96.0 108.1 112.5 136.5 164.2 191.4

0.0 0.0 0.0 0.0 0.3 0.4 0.6 0.2 0.2
45.1 65.1 82.2 96.0 108.4 112.8 137.1 164.5 191.6

0.2 0.2 0.3 0.1 0.0 0.3 0.5 0.6 0.6

0.5 0.7 1.2 2.7 4.1 3.6 6.6 3.1 4.5
0.7 0.9 1.4 2.8 4.1 3.9 7.1 3.7 5.1

0.8 0.7 0.9 1.0 1.0 2.8 2.4 2.1 2.1

0.1 0.2 0.5 0.3 0.2 1.0 1.1 0.8 0.8
- - - - 21.2 - - - -
46.7 66.9 85.0 100.1 134.8 120.6 147.7 171.2 199.6

100.8 96.6 102.7 98.8 105.5 203.7 210.4 209.7 210.3

(39.7) (42.4) (49.4) (51.5) (58.5) (64.1) (75.8) (82.2) (92.1)
61.1 54.2 53.3 47.4 47.1 139.6 134.6 127.4 118.2

1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4

- - - - - 3.2 2.4 1.8 1.2
- - - - - - - - -
0 0 0 0 0 0 0 - -
- - - - - 49.9 48.9 48.4 46.9
109.2 122.5 139.7 148.9 183.3 314.7 335.0 350.2 367.3
 0.8 1.5 1.6 1.8 1.3 2.2 2.2 2.4 2.4
0.4 1.0 1.3 1.4 3.6 6.4 5.2 5.8 6.4
- - - - - 7.5 - - -
- - - - - 12.0 12.0 12.0 12.0
0.5 1.1 3.3 5.8 7.0 2.7 2.2 2.1 2.5
- - - - 0.9 1.6 1.4 1.3 1.1
2.8 2.8 3.1 3.6 4.5 1.0 1.1 1.2 1.2
4.6 6.4 9.3 12.5 17.2 33.2 24.1 24.7 25.7

- - - - - 73.9 61.9 49.9 37.9

0.1 0.1 0.3 0.2 0.2 0.1 0.1 0.3 0.2
1.1 2.0 2.0 2.1 1.8 13.1 16.2 18.7 20.9
- - - - - - 1.2 4.1 4.2
5.7 8.5 11.6 14.9 19.3 120.3 103.5 97.6 88.9

77.0 77.0 77.0 77.0 77.0 77.0 77.0 77.0 77.0

- - - - - - - - -
24.0 38.3 48.4 61.6 85.2 105.9 137.8 162.5 188.8
- - (1.5) (5.3) (5.0) (4.7) (5.8) (4.5) (4.2)
(0.1) (4.0) 1.3 (2.2) 3.8 8.4 13.1 7.2 5.3
100.9 111.3 125.1 131.1 160.9 186.6 222.1 242.1 266.9

2.6 2.7 3.1 2.9 3.1 7.7 9.4 10.5 11.5

103.5 114.1 128.2 134.0 164.0 194.4 231.5 252.6 278.4

109.2 122.5 139.7 148.9 183.3 314.7 335.0 350.2 367.3

868.9 868.9 860.1 842.1 843.7 847.5 855.6 859.0 860.5

868.9 868.9 860.1 842.1 843.7 847.5 855.6 859.0 860.5
0.12 0.13 0.15 0.16 0.19 0.22 0.26 0.28 0.31
99.4 109.9 123.7 129.7 159.5 182.0 218.3 238.9 264.3
0.11 0.13 0.14 0.15 0.19 0.21 0.26 0.28 0.31
0 0 0 0 0 93.4 73.9 61.9 49.9
(45.1) (65.1) (82.2) (96.0) (108.4) (19.5) (63.2) (102.6) (141.7)
18.9 25.5 19.8 23.1 29.8 37.8 54.9 55.0 58.3
2.6 2.7 3.1 2.9 3.1 7.7 9.4 10.5 11.5
FIFO FIFO FIFO FIFO FIFO FIFO FIFO FIFO FIFO
 NA NA NA NA NA NA NA 2.1 2.1
NA NA NA NA NA NA 2.4 NA NA
33.7 32.1 33.6 32.4 34.3 35.0 35.7 35.4 35.2
NA NA NA NA NA NA NA NA NA
51.3 49.0 52.8 50.5 54.1 150.8 154.6 155.1 155.0
2.6 2.7 2.8 2.7 2.7 3.2 4.5 4.1 5.2
6.1 5.8 6.2 6.1 6.6 6.8 7.2 6.9 6.8
NA NA NA NA NA NA NA NA NA
NA NA NA 0.2 0.2 0.2 NA NA NA
Apr-12-2011 Apr-13-2012 Apr-16-2013 Apr-11-2014 Apr-14-2015 Apr-13-2016 Apr-11-2017 Apr-11-2018 Apr-11-2018
NC NC NC NC NC NC NC NC O
REP REP REP REP REP REP REP REP REP
Straco Corporation Limited (SGX:S85) > Financials > Cash Flow

In Millions of the reported currency, except per share items. Template: Standard Restatement: Latest Filings
Period Type: Annual Order: Latest on Right
Currency: Reported Currency Conversion: Historical
Units: S&P Capital IQ (Defaul Decimals: Capital IQ (Default)
Source: Capital IQ & Proprieta

Cash
For theFlow
Fiscal Period Ending 12 months 12 months 12 months 12 months 12 months 12 months
Dec-31-2003 Dec-31-2004 Dec-31-2005 Dec-31-2006 Dec-31-2007 Dec-31-2008
Currency SGD SGD SGD SGD SGD SGD

Net Income 2.4 0.6 3.0 3.4 6.2 7.7

Depreciation & Amort. 2.2 4.3 4.4 4.4 4.0 4.9
Amort. of Goodwill and Intangibles - - - - - -
Depreciation & Amort., Total 2.2 4.3 4.4 4.4 4.0 4.9

Other Amortization - - - - 0.0 0.2

(Gain) Loss From Sale Of Assets 0.0 0.0 - 0 0.0 0.0
Asset Writedown & Restructuring Costs (1.4) - - - - -
Stock-Based Compensation - - - - 0.1 0.5
Provision & Write-off of Bad debts - - - - - 0.0
Other Operating Activities 1.1 1.3 1.0 (0.5) (0.3) (0.3)
Change in Acc. Receivable 4.5 2.0 (0.2) (0.4) (1.1) 1.2
Change In Inventories 0.0 (0.1) 0 (0.1) (0.2) 0
Change in Acc. Payable (1.4) (4.6) 0.4 0.3 2.2 (1.5)
Change in Other Net Operating Assets - - - - - -
Cash from Ops. 7.5 3.5 8.7 7.1 11.0 12.7

Capital Expenditure (0.6) (0.3) (3.1) (1.4) (2.3) (1.8)

Sale of Property, Plant, and Equipment - 0.0 - 0.1 0.0 0.0
Cash Acquisitions 16.2 - - - (9.1) -
Divestitures - - - - - -
Sale (Purchase) of Intangible assets - - - (0.1) (0.4) -
Invest. in Marketable & Equity Securt. - - - - - -
Net (Inc.) Dec. in Loans Originated/Sold - - - - - -
Other Investing Activities 0.0 0.4 0.7 0.9 0.9 0.8
 Cash from Investing 15.6 0.0 (2.4) (0.6) (10.9) (1.0)

Short Term Debt Issued - - - - - -

Long-Term Debt Issued - - - - - -
Total Debt Issued - - - - - -
Short Term Debt Repaid - - - - - -
Long-Term Debt Repaid - (26.0) (13.6) (5.9) - (5.0)
Total Debt Repaid - (26.0) (13.6) (5.9) - (5.0)

Issuance of Common Stock - 42.4 - - 0.1 -

Repurchase of Common Stock - - - - - -

Common Dividends Paid - - - - (2.2) (3.3)

Total Dividends Paid - - - - (2.2) (3.3)

Special Dividend Paid - - - - - -

Other Financing Activities (1.1) (1.6) (0.9) (0.2) - (0.7)
Cash from Financing (1.1) 14.8 (14.4) (6.1) (2.1) (9.0)

Foreign Exchange Rate Adj. - 0.3 0.1 (0.3) 0 0.8

Net Change in Cash 22.0 18.7 (8.0) 0.2 (2.0) 3.6

Supplemental Items
Cash Interest Paid NA NA 0.9 0.2 NA 0.7
Cash Taxes Paid NA NA 0.2 1.0 1.4 3.0
Levered Free Cash Flow 2.2 0.5 4.3 4.9 7.4 10.2
Unlevered Free Cash Flow 2.9 1.6 4.9 5.0 7.4 10.7
Change in Net Working Capital 0.5 4.0 (0.9) 0.1 (1.3) 0.1
Net Debt Issued NA (26.0) (13.6) (5.9) NA (5.0)
Filing Date Mar-01-2005 Apr-11-2006 Apr-10-2007 Apr-21-2008 Apr-02-2009 Apr-15-2010
Restatement Type NC RS RS RS NC NC
Calculation Type REP REP REP REP REP REP
 12 months 12 months 12 months 12 months 12 months 12 months 12 months 12 months 12 months
Dec-31-2009 Dec-31-2010 Dec-31-2011 Dec-31-2012 Dec-31-2013 Dec-31-2014 Dec-31-2015 Dec-31-2016 Dec-31-2017
SGD SGD SGD SGD SGD SGD SGD SGD SGD

8.8 18.7 16.5 19.7 34.1 37.7 49.0 46.5 47.7

5.3 4.9 4.7 4.7 3.9 4.5 12.0 12.2 12.3
- - - - - 0.1 0.8 0.6 0.6
5.3 4.9 4.7 4.7 3.9 4.6 12.8 12.8 12.9

0.2 - - - - - - - -
0.0 0.0 0.0 0.1 (0.7) 0.0 0.1 0.0 0.0
0.3 - - - - (0.1) - - 0.3
- 0.2 0.6 0.4 0.5 1.3 1.9 1.6 1.0
0.0 - - 0.0 - - - - -
0.7 2.0 (0.3) 2.2 (3.4) (3.5) 4.0 3.1 2.8
0.4 (0.3) (0.5) 0.0 0.1 (1.9) (1.8) 1.7 0.6
0 0.0 (0.2) (0.2) 0.1 (0.8) 0.4 0.2 0
(0.6) 0.8 0.8 0.5 1.0 (0.4) (1.3) 1.2 0.7
- - - - - - - - -
15.2 26.5 21.6 27.5 35.7 37.0 65.0 67.1 66.1

(1.2) (0.8) (1.3) (1.1) (1.4) (1.2) (3.9) (3.8) (2.6)

0.0 0.0 0.0 0.0 1.3 0.0 0.0 0.0 0.0
- - - - - (116.4) - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
0.7 0.9 1.7 1.5 (19.3) 4.6 1.6 5.6 2.4
 (0.5) 0.1 0.4 0.4 (19.5) (113.1) (2.2) 1.8 (0.2)

- - - - - - - - -
- - - - - 94.4 - - -
- - - - - 94.4 - - -
- - - - - - - - -
- - - - - (1.0) (19.5) (12.0) (12.0)
- - - - - (1.0) (19.5) (12.0) (12.0)

- - 0.0 0.6 0.4 0.8 3.2 1.2 0.9

- - (1.6) (4.6) (0.1) (0.6) (4.1) (0.5) (0.8)

(3.3) (4.3) (6.5) (6.5) (10.5) (10.6) (17.2) (21.5) (21.5)

(3.3) (4.3) (6.5) (6.5) (10.5) (10.6) (17.2) (21.5) (21.5)

- - - - - (6.4) - - -
- (0.2) (0.4) (0.4) 0.8 (16.4) 14.0 (3.1) (2.9)
(3.3) (4.6) (8.5) (10.8) (9.5) 60.2 (23.6) (35.9) (36.3)

(0.6) (2.0) 3.6 (3.3) 5.4 2.2 2.0 (5.2) (2.4)

10.7 20.0 17.1 13.8 12.1 (13.6) 41.1 27.7 27.2

NA NA NA NA 0.0 0.1 1.8 1.5 1.1

3.0 6.3 5.4 6.8 14.3 20.7 18.5 16.6 17.1
12.2 21.5 19.2 22.4 11.9 53.7 49.4 55.0 52.5
12.2 21.5 19.2 22.4 11.9 53.8 50.6 56.0 53.2
(0.2) (1.6) (1.8) (2.0) 17.6 (15.2) 4.5 (4.5) 0.3
NA NA NA NA NA 93.4 (19.5) (12.0) (12.0)
Apr-12-2011 Apr-13-2012 Apr-16-2013 Apr-11-2014 Apr-14-2015 Apr-13-2016 Apr-11-2017 Apr-11-2018 Apr-11-2018
NC RS NC NC NC NC NC NC O
REP REP REP REP REP REP REP REP REP
Straco Corporation Limited (SGX:S85) > Financials > Multiples

View: Data Frequency: Quarterly

Order: Latest on Right Decimals: Capital IQ (Default)
Dilution: Basic

Multiples Detail
In Millions of the reported currency, except per share items.

For Quarter Ending Mar-31-2004 Jun-30-2004 Sep-30-2004 Dec-31-2004 Mar-31-2005

TEV/LTM Total Revenue Average 184.00x 11.58x 9.85x 9.45x 7.74x
High 190.19x 13.01x 11.56x 10.14x 9.79x
Low 177.80x 10.48x 8.78x 8.74x 5.11x
Close NM 11.20x 9.76x 9.44x 5.56x

TEV/NTM Total Revenues Average - - - - -

High - - - - -
Low - - - - -
Close - - - - -

TEV/LTM EBITDA Average NM 22.21x 22.36x 21.45x 17.63x

High NM 24.96x 24.79x 23.99x 21.35x
Low NM 20.09x 19.39x 19.07x 13.10x
Close NM 21.48x 23.99x 20.59x 14.25x

TEV/NTM EBITDA Average - - - - -

High - - - - -
Low - - - - -
Close - - - - -

TEV/LTM EBIT Average NM 34.83x 37.79x 35.50x 32.00x

High NM 39.14x 43.17x 41.77x 34.42x
Low NM 31.51x 30.42x 30.67x 30.42x
Close NM 33.69x 41.77x 33.11x 33.09x

TEV/NTM EBIT Average - - - - -

High - - - - -
Low - - - - -
 Close - - - - -

P/LTM EPS Average 29.59x 38.12x 39.79x 95.31x 127.90x

High 34.95x 47.61x 42.60x 102.04x 200.55x
Low 27.69x 25.06x 37.58x 89.29x 89.29x
Close 27.69x 41.34x NM 95.66x 193.64x

P/NTM EPS Average - - - - -

High - - - - -
Low - - - - -
Close - - - - -

P/LTM Normalized EPS Average 76.41x 83.41x 82.03x NM 165.64x

High 90.26x 98.14x 87.81x NM 175.54x
Low 71.53x 64.71x 77.48x NM 157.38x
Close 71.53x 85.23x NM NM 169.49x

P/BV Average 36.38x 2.63x 1.73x 1.67x 1.57x

High 164.69x 4.43x 1.88x 1.78x 1.70x
Low 4.04x 1.72x 1.61x 1.54x 1.46x
Close 4.04x 1.83x 1.78x 1.65x 1.57x

P/Tangible BV Average 36.38x 2.63x 1.73x 1.67x 1.57x

High 164.69x 4.43x 1.88x 1.78x 1.70x
Low 4.04x 1.72x 1.61x 1.54x 1.46x
Close 4.04x 1.83x 1.78x 1.65x 1.57x

TEV/LTM Unlevered FCF Average NM - - - 53.15x

High NM - - - 56.75x
Low NM - - - 50.15x
Close NM - - - 54.55x

Market Cap/LTM Levered FCF Average NM - - - 123.26x

High NM - - - 130.64x
Low NM - - - 117.12x
Close NM - - - 126.13x

Average multiples are calculated using positive close values on each trading day within the frequency periods selected. Negative values are excluded from the calculation. When the Multiples are not meaningful, due to n
When a mismatch exists between the currency of the equity listing and the reported financial results such results are translated into the currency of the listing at the exchange rate applicable on the financial period end da

Historical Equity Pricing Data supplied by Interactive Data Pricing and

Reference Data LLC
Jun-30-2005 Sep-30-2005 Dec-30-2005 Mar-31-2006 Jun-30-2006 Sep-29-2006 Dec-29-2006 Mar-29-2007 Jun-29-2007
5.51x 5.78x 5.56x 5.14x 4.93x 4.51x 4.20x 5.15x 9.33x
5.76x 6.28x 6.52x 5.48x 5.70x 5.08x 4.74x 6.05x 11.07x
5.11x 5.09x 4.78x 4.74x 4.61x 4.03x 3.99x 3.99x 4.74x
5.26x 6.28x 5.94x 5.22x 4.85x 4.27x 4.22x 4.98x 10.08x

- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -

15.59x 13.74x 11.80x 10.57x 10.17x 9.56x 8.94x 10.84x 21.36x

17.03x 17.78x 13.43x 11.92x 11.54x 10.71x 10.08x 12.85x 25.59x
13.10x 10.47x 10.40x 8.94x 9.39x 8.58x 8.47x 8.47x 9.85x
15.53x 12.93x 12.93x 9.84x 10.22x 9.08x 8.96x 10.33x 23.10x

- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -

52.37x 37.51x 23.06x 20.51x 20.38x 19.67x 18.29x 21.71x 44.77x

64.22x 67.05x 25.73x 23.72x 22.84x 21.79x 20.92x 26.05x 56.51x
30.42x 19.98x 20.71x 16.58x 17.42x 17.82x 17.18x 17.18x 19.36x
58.56x 24.69x 25.73x 18.26x 20.79x 18.85x 18.16x 20.32x 47.75x

- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
 - - - - - - - - -

184.65x 45.00x 42.80x 37.26x 33.29x 31.03x 28.27x 33.83x 54.84x

193.64x 47.95x 49.55x 41.98x 36.67x 34.62x 32.02x 37.30x 68.18x
179.81x 39.96x 37.48x 31.42x 31.96x 28.18x 26.64x 26.64x 33.44x
NM 47.95x 44.98x 34.04x 33.29x 29.46x 27.80x 34.73x 57.37x

- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -

161.62x 60.18x 56.54x 48.97x 43.90x 41.18x 38.11x 45.70x 74.31x

169.49x 64.13x 66.27x 54.90x 48.61x 45.53x 42.76x 50.27x 91.63x
157.38x 53.44x 49.02x 41.65x 42.03x 37.63x 36.13x 36.13x 44.95x
NM 64.13x 58.82x 45.12x 43.78x 39.34x 37.70x 46.68x 77.95x

1.45x 1.50x 1.48x 1.38x 1.34x 1.27x 1.23x 1.45x 2.41x

1.57x 1.64x 1.69x 1.47x 1.48x 1.39x 1.33x 1.65x 2.80x
1.34x 1.37x 1.31x 1.27x 1.29x 1.17x 1.19x 1.19x 1.35x
1.34x 1.64x 1.58x 1.37x 1.34x 1.23x 1.24x 1.40x 2.59x

1.45x 1.50x 1.48x 1.38x 1.34x 1.27x 1.23x 1.45x 2.41x

1.57x 1.64x 1.69x 1.47x 1.48x 1.39x 1.33x 1.65x 2.81x
1.34x 1.37x 1.31x 1.27x 1.29x 1.17x 1.19x 1.19x 1.35x
1.34x 1.64x 1.58x 1.37x 1.34x 1.23x 1.24x 1.41x 2.60x

31.14x 19.39x 16.68x 15.75x 20.42x 21.83x 21.13x 22.36x 31.73x

54.55x 22.60x 20.43x 18.06x 22.84x 24.15x 24.15x 30.12x 41.02x
19.74x 15.92x 13.84x 14.51x 16.48x 19.68x 19.86x 14.59x 16.20x
19.74x 19.68x 17.20x 17.27x 21.79x 21.76x 21.00x 17.00x 33.41x

59.45x 26.20x 21.93x 20.87x 27.46x 29.76x 29.12x 29.24x 36.93x

126.13x 31.61x 26.46x 23.73x 30.53x 32.57x 32.57x 38.50x 47.18x
28.10x 21.34x 18.55x 19.30x 21.97x 27.00x 27.67x 19.67x 21.31x
28.10x 25.60x 22.26x 22.85x 29.35x 29.96x 28.87x 22.13x 38.39x

ngful, due to negative values, then they will not be displayed in the chart.
period end date.
Sep-28-2007 Dec-26-2007 Mar-31-2008 Jun-24-2008 Sep-26-2008 Dec-23-2008 Mar-26-2009 Jun-19-2009 Sep-29-2009
7.98x 6.61x 5.02x 3.92x 3.36x 1.47x 1.15x 1.61x 1.98x
10.76x 7.66x 6.75x 4.81x 3.90x 2.21x 1.45x 1.98x 2.57x
5.94x 5.82x 3.47x 3.26x 1.91x 1.04x 0.84x 1.12x 1.47x
6.37x 5.82x 4.47x 3.58x 3.41x 1.45x 1.35x 1.61x 1.84x

- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -

17.54x 13.84x 10.45x 8.49x 7.52x 3.15x 2.31x 3.15x 3.83x

24.67x 16.09x 14.03x 10.37x 8.69x 5.09x 2.90x 3.72x 5.06x
12.49x 12.10x 7.24x 7.27x 4.40x 2.09x 1.70x 2.33x 2.78x
13.39x 12.10x 9.35x 7.98x 7.85x 2.90x 2.71x 3.02x 3.62x

- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -

33.61x 23.38x 16.16x 12.82x 11.52x 4.73x 3.29x 4.42x 5.33x

51.01x 28.06x 22.25x 15.84x 13.27x 7.94x 4.15x 5.27x 7.10x
21.78x 19.20x 10.72x 11.11x 6.87x 2.99x 2.40x 3.34x 3.83x
23.35x 19.20x 13.84x 12.19x 12.26x 4.15x 3.85x 4.15x 5.08x

- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
 - - - - - - - - -

41.93x 30.94x 23.73x 20.13x 18.30x 10.62x 8.82x 10.32x 11.32x

60.81x 35.87x 28.79x 23.83x 21.14x 15.10x 10.11x 11.79x 13.73x
29.04x 26.63x 18.22x 17.49x 13.59x 8.19x 7.86x 8.98x 9.29x
30.74x 26.63x 22.42x 18.83x 21.14x 9.83x 10.11x 9.75x 10.89x

- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -

57.01x 42.03x 31.24x 25.11x 22.60x 12.74x 10.48x 12.25x 13.21x

82.63x 48.79x 39.02x 29.91x 25.54x 18.24x 11.95x 13.94x 15.81x
39.50x 36.09x 22.87x 21.69x 16.42x 9.76x 9.29x 10.62x 10.91x
41.82x 36.09x 28.15x 23.36x 25.54x 11.71x 11.95x 11.61x 12.54x

2.17x 1.95x 1.65x 1.44x 1.31x 0.79x 0.72x 0.89x 1.05x

2.75x 2.15x 1.99x 1.67x 1.47x 0.99x 0.81x 1.01x 1.29x
1.74x 1.84x 1.28x 1.28x 0.90x 0.67x 0.63x 0.72x 0.84x
1.84x 1.84x 1.58x 1.37x 1.39x 0.81x 0.81x 0.89x 1.02x

2.18x 1.96x 1.67x 1.48x 1.34x 0.80x 0.73x 0.90x 1.07x

2.75x 2.16x 1.99x 1.71x 1.51x 1.02x 0.83x 1.03x 1.31x
1.75x 1.84x 1.31x 1.31x 0.92x 0.69x 0.64x 0.73x 0.86x
1.85x 1.84x 1.61x 1.41x 1.42x 0.83x 0.82x 0.90x 1.04x

24.88x 18.93x 14.81x 14.27x 13.55x 5.58x 3.70x 4.56x 5.29x

35.69x 22.30x 18.70x 16.15x 15.53x 9.62x 4.75x 5.54x 6.94x
17.31x 16.14x 11.28x 11.88x 8.31x 3.43x 2.58x 3.51x 3.89x
18.55x 16.14x 14.62x 14.27x 14.84x 4.75x 4.13x 4.22x 4.96x

29.23x 22.82x 18.10x 17.51x 17.16x 9.42x 7.11x 7.70x 8.08x

40.69x 26.23x 21.59x 19.28x 19.59x 13.99x 8.35x 8.94x 9.61x
21.23x 19.97x 14.27x 14.82x 12.59x 6.96x 5.68x 6.81x 6.63x
22.48x 19.97x 17.56x 17.71x 19.59x 8.35x 7.31x 7.17x 7.62x
Dec-31-2009 Mar-26-2010 Jun-23-2010 Sep-29-2010 Dec-30-2010 Mar-30-2011 Jun-30-2011 Sep-30-2011 Dec-28-2011
2.00x 1.80x 1.86x 1.71x 1.42x 1.51x 1.62x 1.50x 1.59x
2.81x 2.21x 2.42x 2.78x 2.08x 1.94x 1.76x 1.80x 1.84x
1.25x 1.32x 1.44x 1.32x 0.74x 0.83x 1.41x 1.30x 1.34x
1.97x 1.79x 1.44x 1.85x 1.08x 1.57x 1.72x 1.50x 1.65x

- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -

3.97x 3.61x 3.89x 3.61x 2.69x 2.62x 2.76x 2.56x 2.68x

5.54x 4.48x 4.94x 6.11x 4.14x 3.42x 2.97x 3.08x 3.07x
2.53x 2.62x 3.09x 2.79x 1.31x 1.46x 2.36x 2.22x 2.25x
3.99x 3.56x 3.16x 3.69x 1.91x 2.62x 2.94x 2.56x 2.75x

- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -

5.60x 5.12x 5.60x 5.12x 3.48x 3.13x 3.26x 3.01x 3.18x

7.78x 6.35x 7.05x 8.95x 5.61x 4.11x 3.52x 3.63x 3.67x
3.59x 3.71x 4.37x 3.78x 1.57x 1.76x 2.77x 2.60x 2.69x
5.66x 5.04x 4.64x 5.00x 2.30x 3.09x 3.47x 3.01x 3.30x

- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
 - - - - - - - - -

12.06x 12.21x 13.17x 12.52x 9.15x 8.28x 8.03x 7.63x 8.57x

14.67x 13.76x 15.79x 18.61x 12.53x 9.86x 8.38x 8.57x 9.78x
9.83x 10.32x 11.31x 9.94x 6.13x 6.39x 7.41x 7.01x 7.15x
12.78x 12.29x 12.41x 11.67x 7.19x 7.91x 8.34x 7.61x 9.26x

- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -

13.78x 13.87x 14.91x 14.13x 10.37x 9.32x 9.12x 8.63x 9.71x

16.90x 15.51x 17.65x 20.80x 14.34x 11.05x 9.53x 9.73x 11.11x
11.08x 11.80x 12.92x 11.37x 6.87x 7.17x 8.41x 7.90x 8.06x
14.40x 14.04x 13.87x 13.35x 8.06x 9.01x 9.46x 8.58x 10.52x

1.10x 1.07x 1.09x 1.07x 1.11x 1.28x 1.35x 1.31x 1.29x

1.38x 1.20x 1.29x 1.41x 1.24x 1.47x 1.40x 1.44x 1.41x
0.86x 0.90x 0.94x 0.90x 0.91x 0.95x 1.25x 1.22x 1.15x
1.12x 1.08x 0.94x 1.15x 1.07x 1.33x 1.40x 1.33x 1.27x

1.12x 1.08x 1.11x 1.08x 1.13x 1.30x 1.37x 1.33x 1.31x

1.40x 1.22x 1.31x 1.43x 1.26x 1.49x 1.42x 1.46x 1.43x
0.87x 0.92x 0.95x 0.91x 0.93x 0.97x 1.26x 1.24x 1.16x
1.13x 1.09x 0.95x 1.17x 1.09x 1.34x 1.42x 1.35x 1.28x

5.58x 5.29x 5.65x 5.08x 3.51x 3.37x 3.94x 3.77x 4.20x

7.60x 6.53x 7.18x 8.85x 5.61x 4.21x 4.26x 4.45x 4.96x
3.70x 3.85x 4.54x 3.77x 1.61x 1.80x 3.31x 3.32x 3.43x
5.82x 5.23x 4.58x 5.00x 2.35x 3.69x 4.26x 3.84x 4.45x

8.56x 8.67x 9.28x 8.71x 6.43x 6.04x 6.75x 6.63x 7.93x

10.27x 9.96x 10.87x 12.81x 8.87x 6.86x 7.12x 7.31x 9.32x
7.12x 7.20x 7.89x 7.03x 4.27x 4.45x 6.00x 6.18x 6.29x
9.25x 8.58x 8.54x 8.25x 5.01x 6.38x 7.11x 6.70x 8.82x
Mar-19-2012 Jun-27-2012 Sep-28-2012 Dec-31-2012 Mar-28-2013 Jun-28-2013 Sep-30-2013 Dec-31-2013 Mar-31-2014
1.80x 1.81x 2.05x 2.52x 2.85x 2.93x 2.96x 3.76x 4.36x
2.01x 2.01x 2.73x 2.89x 3.12x 3.41x 3.30x 4.21x 5.64x
1.63x 1.56x 1.70x 2.11x 2.41x 2.38x 2.38x 3.23x 3.70x
1.75x 1.56x 2.73x 2.41x 3.04x 2.46x 3.30x 4.00x 5.40x

- - - - - - - - 4.41x
- - - - - - - - 5.39x
- - - - - - - - 3.78x
- - - - - - - - 5.17x

3.02x 3.16x 3.52x 4.42x 5.15x 5.04x 4.85x 5.94x 6.60x

3.36x 3.55x 4.62x 4.89x 5.66x 5.65x 5.39x 6.88x 8.44x
2.74x 2.74x 2.99x 3.82x 4.38x 3.95x 3.95x 5.27x 5.63x
2.95x 2.74x 4.62x 4.38x 5.43x 4.07x 5.39x 6.09x 8.09x

- - - - - - - - 6.32x
- - - - - - - - 7.65x
- - - - - - - - 5.49x
- - - - - - - - 7.33x

3.61x 3.83x 4.22x 5.27x 6.12x 5.87x 5.52x 6.63x 7.22x

4.02x 4.33x 5.50x 5.83x 6.76x 6.58x 6.10x 7.78x 9.19x
3.27x 3.32x 3.63x 4.56x 5.23x 4.54x 4.54x 5.97x 6.18x
3.51x 3.32x 5.50x 5.23x 6.42x 4.68x 6.10x 6.69x 8.81x

- - - - - - - - 6.90x
- - - - - - - - 8.33x
- - - - - - - - 6.03x
 - - - - - - - - 7.99x

9.87x 9.90x 9.89x 11.52x 13.07x 12.29x 11.16x 12.17x 12.64x

10.48x 10.48x 11.32x 12.12x 13.95x 13.64x 11.76x 13.95x 15.21x
9.26x 9.07x 9.10x 10.65x 11.90x 10.20x 10.20x 11.02x 11.29x
10.06x 9.12x 11.32x 11.90x 13.42x 10.38x 11.76x 11.96x 14.71x

- - - - - - - - 12.55x
- - - - - - - - 14.52x
- - - - - - - - 11.34x
- - - - - - - - 14.05x

11.16x 11.09x 11.11x 12.75x 14.26x 13.67x 12.70x 13.80x 14.28x

11.74x 11.76x 12.76x 13.26x 15.23x 14.88x 13.41x 15.90x 17.24x
10.52x 10.14x 10.26x 11.98x 12.98x 11.56x 11.56x 12.42x 12.72x
11.27x 10.19x 12.76x 12.98x 14.64x 11.77x 13.41x 13.48x 16.67x

1.33x 1.33x 1.47x 1.73x 1.91x 1.94x 1.98x 2.34x 2.61x

1.41x 1.38x 1.77x 1.84x 2.02x 2.13x 2.13x 2.53x 3.20x
1.27x 1.24x 1.31x 1.59x 1.72x 1.71x 1.71x 2.10x 2.30x
1.32x 1.26x 1.77x 1.72x 1.99x 1.74x 2.13x 2.44x 3.09x

1.35x 1.34x 1.49x 1.75x 1.93x 1.96x 2.00x 2.36x 2.64x

1.43x 1.39x 1.79x 1.86x 2.04x 2.15x 2.15x 2.56x 3.23x
1.28x 1.25x 1.33x 1.61x 1.74x 1.72x 1.72x 2.12x 2.33x
1.34x 1.27x 1.79x 1.74x 2.01x 1.75x 2.15x 2.46x 3.12x

4.67x 4.33x 5.01x 6.33x 7.21x 7.07x 7.24x 15.87x 25.50x

5.43x 4.83x 6.73x 7.13x 7.99x 8.07x 8.17x 24.39x 31.72x
3.79x 3.75x 4.09x 5.39x 6.19x 5.64x 5.64x 8.00x 22.20x
4.07x 3.75x 6.73x 6.19x 7.50x 5.81x 8.17x 24.02x 30.42x

8.84x 8.31x 8.85x 10.32x 11.39x 11.19x 11.27x 22.05x 33.87x

9.80x 8.95x 10.47x 10.87x 12.19x 12.15x 12.18x 32.92x 39.83x
7.54x 7.74x 8.08x 9.60x 10.39x 9.72x 9.72x 12.01x 30.72x
7.82x 7.74x 10.47x 10.39x 11.66x 9.89x 12.18x 32.55x 38.53x
Jun-30-2014 Sep-30-2014 Dec-30-2014 Mar-31-2015 Jun-29-2015 Sep-30-2015 Dec-31-2015 Mar-31-2016 Jun-29-2016
5.60x 7.07x 6.09x 6.64x 8.55x 7.09x 6.00x 4.95x 4.88x
6.43x 7.99x 6.68x 8.60x 10.00x 8.28x 6.66x 5.67x 5.23x
5.12x 6.37x 5.44x 5.63x 7.52x 5.90x 5.32x 4.42x 4.65x
6.43x 6.68x 5.78x 8.60x 8.11x 6.51x 5.66x 4.82x 4.80x

5.37x 6.14x 4.43x - - - - 4.62x 4.82x

6.15x 7.64x 4.95x - - - - 4.87x 5.14x
4.90x 4.77x 3.88x - - - - 4.34x 4.57x
6.15x 4.95x 4.20x - - - - 4.74x 4.77x

8.48x 10.88x 9.33x 10.44x 13.16x 10.97x 9.33x 7.67x 7.66x

9.82x 12.21x 10.32x 13.89x 15.17x 12.69x 10.42x 8.77x 8.12x
7.67x 9.74x 8.25x 8.54x 11.53x 9.23x 8.22x 6.87x 7.23x
9.82x 10.32x 8.77x 13.89x 12.44x 10.18x 8.76x 7.49x 7.60x

7.84x 9.33x 7.23x - - - - 7.32x 7.63x

9.19x 11.42x 7.78x - - - - 7.70x 8.14x
6.95x 7.49x 6.56x - - - - 6.88x 7.24x
9.19x 7.78x 7.09x - - - - 7.50x 7.55x

9.22x 11.79x 10.05x 11.29x 14.47x 12.36x 10.76x 9.00x 9.08x

10.67x 13.26x 11.18x 15.11x 16.42x 14.12x 11.91x 10.21x 9.61x
8.34x 10.57x 8.85x 9.16x 12.82x 10.54x 9.57x 8.14x 8.57x
10.67x 11.18x 9.40x 15.11x 13.83x 11.64x 10.20x 8.88x 9.02x

8.55x 10.53x 8.55x - - - - 8.48x 8.84x

10.00x 12.43x 9.53x - - - - 8.93x 9.43x
7.57x 9.17x 7.52x - - - - 7.97x 8.39x
10.00x 9.53x 8.13x - - - - 8.70x 8.75x

15.42x 19.09x 17.11x 17.76x 21.79x 18.80x 16.68x 14.17x 14.12x

17.51x 21.02x 18.29x 21.69x 24.89x 21.44x 18.05x 16.13x 14.82x
14.09x 17.39x 15.77x 16.21x 19.55x 16.04x 15.22x 12.70x 13.32x
17.51x 18.29x 16.54x 21.69x 21.02x 17.65x 16.13x 13.76x 14.10x

14.53x 17.46x 15.41x - - - - 12.93x 13.48x

16.28x 19.53x 16.63x - - - - 13.56x 14.24x
13.45x 16.07x 14.07x - - - - 12.20x 12.80x
16.28x 16.63x 14.96x - - - - 13.22x 13.39x

17.46x 21.47x 19.25x 19.69x 23.36x 20.29x 18.24x 15.92x 16.14x

19.68x 23.62x 20.59x 23.72x 26.22x 23.06x 19.55x 17.83x 16.97x
16.20x 19.54x 17.73x 17.97x 21.03x 17.38x 16.81x 14.56x 15.27x
19.68x 20.59x 18.60x 23.72x 22.61x 19.12x 17.83x 15.77x 16.09x

3.20x 4.09x 3.73x 3.67x 4.35x 3.94x 3.61x 3.04x 3.04x

3.61x 4.47x 4.04x 4.31x 4.95x 4.29x 3.98x 3.42x 3.24x
2.96x 3.58x 3.40x 3.27x 3.91x 3.54x 3.23x 2.77x 2.91x
3.61x 4.04x 3.56x 4.31x 4.21x 3.89x 3.42x 3.01x 3.01x

3.23x 4.12x 3.76x 3.73x 4.45x 4.03x 3.68x 3.10x 3.10x

3.64x 4.52x 4.08x 4.42x 5.07x 4.39x 4.06x 3.48x 3.29x
2.99x 3.61x 3.42x 3.35x 4.00x 3.61x 3.28x 2.82x 2.96x
3.64x 4.08x 3.59x 4.42x 4.30x 3.97x 3.48x 3.06x 3.06x

42.73x 57.21x 28.33x 13.00x 14.15x 11.55x 10.27x 10.65x 12.53x

58.76x 73.07x 48.15x 15.14x 16.75x 13.37x 10.97x 12.90x 13.44x
28.05x 46.61x 11.99x 11.43x 12.15x 9.72x 9.48x 8.62x 11.98x
58.76x 48.15x 12.74x 15.14x 13.10x 10.72x 10.10x 12.56x 12.33x

53.30x 67.61x 34.10x 14.78x 14.52x 11.99x 10.96x 11.81x 14.01x

71.21x 85.52x 56.90x 16.43x 17.00x 13.84x 11.39x 14.33x 14.88x
35.96x 55.36x 15.26x 11.67x 12.60x 10.12x 10.41x 9.54x 13.49x
71.21x 56.90x 16.01x 15.39x 13.57x 11.14x 11.04x 13.98x 13.84x
Sep-30-2016 Nov-24-2016 Dec-30-2016 Mar-31-2017 Jun-30-2017 Sep-29-2017 Dec-29-2017
4.76x - 4.65x 4.61x 4.91x 5.02x 4.87x
5.08x - 4.85x 4.79x 5.31x 5.21x 5.15x
4.58x - 4.48x 4.42x 4.49x 4.86x 4.53x
4.68x - 4.52x 4.52x 5.21x 4.95x 4.77x

4.69x 4.58x - - - - -
4.99x 4.75x - - - - -
4.49x 4.34x - - - - -
4.59x 4.44x - - - - -

7.55x - 7.41x 7.45x 7.85x 7.97x 7.75x

8.08x - 7.70x 7.68x 8.46x 8.30x 8.16x
7.27x - 7.17x 7.22x 7.23x 7.74x 7.27x
7.43x - 7.22x 7.40x 8.30x 7.84x 7.65x

7.42x 7.25x - - - - -
7.89x 7.53x - - - - -
7.11x 6.87x - - - - -
7.26x 7.03x - - - - -

8.97x - 8.84x 8.91x 9.37x 9.49x 9.23x

9.61x - 9.16x 9.22x 10.10x 9.90x 9.70x
8.65x - 8.56x 8.62x 8.65x 9.20x 8.69x
8.84x - 8.62x 8.88x 9.90x 9.31x 9.14x

8.60x 8.40x - - - - -
9.15x 8.72x - - - - -
8.24x 7.96x - - - - -
 8.42x 8.15x - - - - -

13.95x - 14.14x 14.45x 15.26x 15.25x 15.06x

14.83x - 14.94x 14.94x 16.35x 16.07x 15.64x
13.45x - 13.64x 13.91x 14.10x 14.67x 14.65x
13.73x - 14.19x 14.19x 16.07x 14.84x 15.28x

13.05x 12.88x - - - - -
13.73x 13.14x - - - - -
12.46x 12.63x - - - - -
12.71x 13.05x - - - - -

15.93x - 16.17x 16.65x 17.73x 17.78x 17.61x

16.93x - 17.10x 17.10x 18.97x 18.65x 18.27x
15.36x - 15.57x 16.20x 16.42x 17.16x 17.12x
15.68x - 16.24x 16.52x 18.65x 17.36x 17.85x

3.07x - 2.96x 2.81x 2.91x 3.04x 2.95x

3.32x - 3.18x 2.94x 3.11x 3.18x 3.18x
3.01x - 2.78x 2.66x 2.70x 2.88x 2.70x
3.08x - 2.80x 2.71x 3.05x 3.07x 2.81x

3.12x - 3.01x 2.85x 2.94x 3.08x 2.98x

3.38x - 3.23x 2.99x 3.15x 3.22x 3.22x
3.06x - 2.82x 2.70x 2.73x 2.92x 2.73x
3.13x - 2.84x 2.75x 3.09x 3.11x 2.84x

12.39x - 11.75x 11.03x 10.73x 10.89x 10.94x

13.36x - 12.74x 11.67x 11.49x 11.24x 11.38x
12.03x - 10.92x 10.30x 10.09x 10.46x 10.53x
12.30x - 11.01x 10.54x 11.19x 10.81x 11.08x

13.78x - 13.40x 12.96x 12.62x 12.70x 13.05x

14.72x - 14.08x 13.61x 13.37x 13.09x 13.87x
13.35x - 12.84x 12.22x 11.96x 12.35x 12.50x
13.62x - 12.93x 12.46x 13.09x 12.57x 13.56x
Straco Corporation Limited (SGX:S85) > Financials > Historical Capitalization

In Millions of the trading currency, except per share items. Frequency: Quarterly Order: Latest on Right
Currency: Trading Currency Conversion: Historical
Units: S&P Capital IQ (Defaul Decimals: Capital IQ (Default)
Dilution: Basic

Historical Capitalization
Balance Sheet as of:
Dec-31-2003 Mar-31-2004 Jun-30-2004 Sep-30-2004 Dec-31-2004 Mar-31-2005
Pricing as of* Mar-01-2004 Apr-30-2004 Jul-30-2004 Nov-01-2004 Mar-01-2005 May-03-2005
Currency SGD SGD SGD SGD SGD SGD
Capitalization Detail
Share Price 0.26 0.19 0.15 0.15 0.14 0.13
Shares Out. 17,378.6 868.9 868.9 868.9 868.9 868.9

Market Capitalization 4,605.3 160.8 130.3 130.3 121.7 113.0

- Cash & Short Term Investments 22.0 62.2 57.8 42.2 40.7 41.3
+ Total Debt 51.8 51.3 46.6 27.5 25.0 25.2
+ Pref. Equity - - - - - -
+ Total Minority Interest 1.8 1.8 1.8 1.9 1.8 1.7
= Total Enterprise Value (TEV) 4,636.9 151.6 120.9 117.6 107.8 98.6

Book Value of Common Equity 35.9 78.4 78.3 79.1 77.6 77.5
+ Pref. Equity - - - - - -
+ Total Minority Interest 1.8 1.8 1.8 1.9 1.8 1.7
+ Total Debt 51.8 51.3 46.6 27.5 25.0 25.2
= Total Capital 89.6 131.5 126.7 108.5 104.4 104.5

balance sheet components from the last reported balance sheet as of

this date. The table
the company’s above
primary is organized
stock along
class. Shares period
shown onend
thisdates.
page are
total company as-reported share values.

Historical Equity Pricing Data supplied by Interactive Data Pricing and

Reference Data LLC
Jun-30-2005 Sep-30-2005 Dec-31-2005 Mar-31-2006 Jun-30-2006 Sep-30-2006 Dec-31-2006 Mar-31-2007 Jun-30-2007
Aug-04-2005 Nov-07-2005 Apr-11-2006 May-04-2006 Aug-02-2006 Nov-06-2006 Apr-10-2007 Apr-30-2007 Aug-02-2007
SGD SGD SGD SGD SGD SGD SGD SGD SGD

0.13 0.13 0.13 0.13 0.11 0.12 0.14 0.26 0.2

868.9 868.9 868.9 868.9 868.9 868.9 868.9 868.9 868.9

108.6 113.0 113.0 113.0 95.6 104.3 117.3 221.6 173.8

43.9 37.3 32.6 32.5 31.1 32.0 33.0 33.6 34.8
25.7 16.2 12.3 12.0 8.4 5.9 5.7 5.6 5.7
- - - - - - - - -
1.8 2.0 2.0 1.7 1.8 1.9 1.9 1.7 1.9
92.2 93.9 94.6 94.2 74.7 80.0 91.9 195.3 146.6

79.5 82.6 82.4 81.1 81.5 84.3 83.6 83.8 84.9

- - - - - - - - -
1.8 2.0 2.0 1.7 1.8 1.9 1.9 1.7 1.9
25.7 16.2 12.3 12.0 8.4 5.9 5.7 5.6 5.7
107.0 100.9 96.7 94.8 91.7 92.1 91.1 91.2 92.6
Sep-30-2007 Dec-31-2007 Mar-31-2008 Jun-30-2008 Sep-30-2008 Dec-31-2008 Mar-31-2009 Jun-30-2009 Sep-30-2009
Nov-13-2007 Apr-21-2008 May-20-2008 Sep-10-2008 Nov-13-2008 Apr-16-2009 May-08-2009 Aug-14-2009 Nov-16-2009
SGD SGD SGD SGD SGD SGD SGD SGD SGD

0.18 0.15 0.15 0.09 0.07 0.08 0.11 0.11 0.12

868.9 868.9 868.9 868.9 868.9 868.9 868.9 868.9 868.9

160.8 130.3 130.3 78.2 65.2 69.5 91.2 99.9 104.3

38.5 30.8 30.8 30.2 33.9 34.3 37.8 37.0 44.2
5.6 5.5 5.3 5.3 0 0 0 0 0
- - - - - - - - -
2.1 2.1 1.9 2.0 2.4 2.5 2.4 2.4 2.6
129.9 107.1 106.7 55.3 33.7 37.6 55.8 65.4 62.6

87.5 88.2 88.5 87.3 96.6 96.9 102.9 97.7 101.2

- - - - - - - - -
2.1 2.1 1.9 2.0 2.4 2.5 2.4 2.4 2.6
5.6 5.5 5.3 5.3 0 0 0 0 0
95.2 95.8 95.7 94.6 99.0 99.4 105.3 100.1 103.8
Dec-31-2009 Mar-31-2010 Jun-30-2010 Sep-30-2010 Dec-31-2010 Mar-31-2011 Jun-30-2011 Sep-30-2011 Dec-31-2011
Apr-15-2010 May-14-2010 Aug-17-2010 Nov-09-2010 Apr-13-2011 May-16-2011 Aug-12-2011 Nov-10-2011 Apr-16-2012
SGD SGD SGD SGD SGD SGD SGD SGD SGD

0.13 0.12 0.12 0.14 0.16 0.16 0.16 0.17 0.2

868.9 868.9 868.9 868.9 868.4 867.9 865.7 861.9 859.6

108.6 104.3 104.3 121.7 143.3 138.9 137.6 150.0 167.6

45.1 46.7 48.9 65.3 65.1 64.9 63.3 79.7 82.2
0 0 0 0 0 0 0 0 0
- - - - - - - - -
2.6 2.5 2.7 3.1 2.7 2.3 2.5 3.0 3.1
66.2 60.0 58.0 59.5 80.9 76.3 76.8 73.3 88.5

100.9 101.7 101.7 109.4 111.3 111.3 107.4 122.5 125.1

- - - - - - - - -
2.6 2.5 2.7 3.1 2.7 2.3 2.5 3.0 3.1
0 0 0 0 0 0 0 0 0
103.5 104.1 104.3 112.4 114.1 113.6 109.9 125.4 128.2
Mar-31-2012 Jun-30-2012 Sep-30-2012 Dec-31-2012 Mar-31-2013 Jun-30-2013 Sep-30-2013 Dec-31-2013 Mar-31-2014
May-15-2012 Aug-13-2012 Nov-09-2012 Apr-16-2013 May-10-2013 Aug-12-2013 Nov-12-2013 Apr-11-2014 May-09-2014
SGD SGD SGD SGD SGD SGD SGD SGD SGD

0.18 0.2 0.25 0.31 0.29 0.33 0.43 0.59 0.65

861.8 843.9 842.6 842.0 842.9 842.8 843.7 847.0 847.3

159.4 173.0 210.6 256.8 244.4 278.1 367.0 499.7 546.5

81.5 79.2 91.3 96.0 101.7 100.1 101.1 108.4 106.8
0 0 0 0 0 0 0 0 0
- - - - - - - - -
2.2 2.5 2.8 2.9 2.6 2.9 2.8 3.1 3.2
80.2 96.3 122.1 163.7 145.3 181.0 268.7 394.5 442.9

124.5 121.6 127.2 131.1 138.2 138.3 153.8 160.9 164.0

- - - - - - - - -
2.2 2.5 2.8 2.9 2.6 2.9 2.8 3.1 3.2
0 0 0 0 0 0 0 0 0
126.7 124.0 129.9 134.0 140.8 141.2 156.6 164.0 167.2
Jun-30-2014 Sep-30-2014 Dec-31-2014 Mar-31-2015 Jun-30-2015 Sep-30-2015 Dec-31-2015 Mar-31-2016 Jun-30-2016
Aug-12-2014 Nov-14-2014 Apr-14-2015 May-08-2015 Aug-14-2015 Nov-18-2015 Apr-13-2016 May-10-2016 Aug-10-2016
SGD SGD SGD SGD SGD SGD SGD SGD SGD

0.82 0.73 0.96 1.05 0.97 0.85 0.79 0.79 0.81

847.9 847.5 855.8 858.0 856.7 856.1 859.2 859.2 859.2

695.3 614.4 821.6 900.9 831.0 727.7 678.8 674.5 695.9

100.0 134.3 112.8 123.5 108.8 140.9 137.1 139.9 124.7
0 0 93.4 90.7 79.9 76.9 73.9 70.9 67.9
- - - - - - - - -
3.6 4.5 7.7 8.4 7.8 9.3 9.4 9.7 8.7
598.9 484.6 809.8 876.5 809.9 672.9 625.0 615.2 647.8

155.3 178.4 186.6 201.4 194.3 220.3 222.1 225.0 209.5

- - - - - - - - -
3.6 4.5 7.7 8.4 7.8 9.3 9.4 9.7 8.7
0 0 93.4 90.7 79.9 76.9 73.9 70.9 67.9
158.8 182.9 287.7 300.5 282.0 306.5 305.4 305.6 286.1
Sep-30-2016 Dec-31-2016 Mar-31-2017 Jun-30-2017 Sep-30-2017 Dec-31-2017
Nov-10-2016 Apr-11-2017 May-09-2017 Aug-14-2017 Nov-14-2017 Apr-12-2018
SGD SGD SGD SGD SGD SGD

0.77 0.77 0.84 0.84 0.87 0.8

859.0 859.5 860.4 860.4 859.7 860.4

665.7 657.5 722.7 722.7 748.0 688.3

159.6 164.5 167.9 159.5 189.1 191.6
64.9 61.9 58.9 55.9 52.9 49.9
- - - - - -
10.0 10.5 9.1 9.8 11.1 11.5
581.0 565.4 622.9 628.9 622.8 558.1

233.4 242.1 247.5 238.3 259.7 266.9

- - - - - -
10.0 10.5 9.1 9.8 11.1 11.5
64.9 61.9 58.9 55.9 52.9 49.9
308.3 314.5 315.5 304.0 323.7 328.3
Straco Corporation Limited (SGX:S85) > Financials > Capital Structure Summary
In Millions of the reported currency, except ratios and % of Total
values. Restatement: Latest Filings Period Type: Annual
Currency: Reported Currency Conversion: Historical
Units: S&P Capital IQ (Defaul Decimals: Capital IQ (Default)
Order: Latest on Right

Capital Structure
For the Fiscal PeriodData
Ending
12 months Dec-31-2003 12 months Dec-31-2004 12 months Dec-31-2005
Currency SGD SGD SGD
Units Millions % of Total Millions % of Total Millions % of Total

Total Debt 51.8 57.9% 25.0 23.9% 12.3 12.7%

Total Common Equity 35.9 40.1% 77.6 74.3% 82.4 85.2%
Total Minority Interest 1.8 2.0% 1.8 1.8% 2.0 2.1%
Total Capital 89.6 100.0% 104.4 100.0% 96.7 100.0%

Debt Summary
For the Data
Fiscal Period Ending
12 months Dec-31-2003 12 months Dec-31-2004 12 months Dec-31-2005
Currency SGD SGD SGD
Units Millions % of Total Millions % of Total Millions % of Total

Total Term Loans 49.5 95.5% 25.0 100.0% 12.3 100.0%

General/Other Borrowings 2.3 4.5% - - - -
Total Principal Due 51.8 100.0% 25.0 100.0% 12.3 100.0%

Total Debt Outstanding 51.8 100.0% 25.0 100.0% 12.3 100.0%

Additional Totals
Total Cash & ST Investments 22.0 - 40.7 - 32.6 -
Net Debt 29.8 - (15.7) - (20.3) -
Total Senior Debt 51.8 100.0% 25.0 100.0% 12.3 100.0%
Total Short-Term Borrowings 2.3 4.5% 19.0 76.1% 10.5 85.0%
Curr. Port. of LT Debt/Cap. Leases 13.2 25.5% 4.2 16.8% - -
Long-Term Debt (Incl. Cap. Leases) 36.3 70.0% 1.8 7.1% 1.9 15.0%
Total Bank Debt 49.5 95.5% 25.0 100.0% 12.3 100.0%
Total Secured Debt 38.3 73.8% 19.0 76.1% 6.2 50.3%
Senior Secured Loans 38.3 73.8% 19.0 76.1% 6.2 50.3%
Total Senior Secured Debt 38.3 73.8% 19.0 76.1% 6.2 50.3%
Total Unsecured Debt 13.6 26.2% 6.0 23.9% 6.1 49.7%
Fixed Rate Debt - - - - - -
Variable Rate Debt - - - - - -
Zero Coupon Debt - - - - - -

Credit Ratios
Net Debt/EBITDA 5.9x - NM - NM -
Total Debt/EBITDA 10.2x - 3.6x - 1.4x -
Total Senior Debt/EBITDA 10.2x - 3.6x - 1.4x -
Total Senior Secured/EBITDA 7.5x - 2.8x - 0.7x -
Net Debt/(EBITDA-CAPEX) 6.7x - NM - NM -
Total Debt/(EBITDA-CAPEX) 11.7x - 3.8x - 2.2x -
Total Senior Debt/(EBITDA-CAPEX) 11.7x - 3.8x - 2.2x -
Total Senior Secured/(EBITDA-CAPEX) 8.6x - 2.9x - 1.1x -

Fixed Payment Schedule

LT Debt (Incl. Cap. Leases) Due +1 - - - - - -
LT Debt (Incl. Cap. Leases) Due +2 - - - - - -
LT Debt (Incl. Cap. Leases) Due +3 - - - - - -
LT Debt (Incl. Cap. Leases) Due +4 - - - - - -
LT Debt (Incl. Cap. Leases) Due +5 - - - - - -
LT Debt (Incl. Cap. Leases) Due, Next 5 Yrs - - - - - -
LT Debt (Incl. Cap. Leases) Due, After 5 Yrs - - - - - -

Operating Lease Commitment Due +1 - - - - - -

Operating Lease Commitment Due +2 - - - - - -
Operating Lease Commitment Due +3 - - - - - -
Operating Lease Commitment Due +4 - - - - - -
Operating Lease Commitment Due +5 - - - - - -
Operating Lease Commitment Due, Next 5 Yrs - - - - - -
Operating Lease Commitment Due, After 5 Yrs - - - - - -

Contractual Obligations Due +1 - - - - - -

Contractual Obligations Due, Next 5 Yrs - - - - - -
Total Contractual Obligations - - - - - -
Interest Rate Data
Filing Date Mar-01-2005 - Apr-11-2006 - Apr-10-2007 -
12 months Dec-31-2006 12 months Dec-31-2007 12 months Dec-31-2008 12 months Dec-31-2009 12 months Dec-31-201
SGD SGD SGD SGD SGD
Millions % of Total Millions % of Total Millions % of Total Millions % of Total Millions

5.7 6.2% 5.5 5.7% 0 0.0% 0 0.0% 0

83.6 91.7% 88.2 92.1% 96.9 97.5% 100.9 97.4% 111.3
1.9 2.1% 2.1 2.2% 2.5 2.5% 2.6 2.6% 2.7
91.1 100.0% 95.8 100.0% 99.4 100.0% 103.5 100.0% 114.1

12 months Dec-31-2006 12 months Dec-31-2007 12 months Dec-31-2008 12 months Dec-31-2009 12 months Dec-31-201
SGD SGD SGD SGD SGD
Millions % of Total Millions % of Total Millions % of Total Millions % of Total Millions

5.7 100.0% 5.5 100.0% - - - - -

- - - - - - - - -
5.7 100.0% 5.5 100.0% - - - - -

5.7 100.0% 5.5 100.0% 0 100.0% 0 100.0% 0

33.0 - 30.8 - 34.3 - 45.1 - 65.1

(27.3) - (25.3) - (34.3) - (45.1) - (65.1)
5.7 100.0% 5.5 100.0% - - - - -
3.9 69.0% 3.7 67.6% - - - - -
- - - - - - - - -
1.8 31.0% 1.8 32.4% - - - - -
5.7 100.0% 5.5 100.0% - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
5.7 100.0% 5.5 100.0% - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -

NM - NM - NM - NM - NM
0.7x - 0.5x - - - - - -
0.7x - 0.5x - - - - - -
- - - - - - - - -
NM - NM - NM - NM - NM
0.9x - 0.6x - - - - - -
0.9x - 0.6x - - - - - -
- - - - - - - - -

3.9 69.0% 3.7 67.6% - - - - -

0.4 7.7% - - - - - - -
0.4 7.7% - - - - - - -
0.4 7.7% - - - - - - -
0.4 7.7% - - - - - - -
5.7 100.0% 3.7 67.6% - - - - -
- - - - - - - - -

0.1 - 0.6 - 0.6 - 0.6 - 0.6

0.0 - 0.6 - 0.6 - 0.6 - 0.6
0.0 - 0.6 - 0.6 - 0.6 - 0.6
0.0 - 0.6 - 0.6 - 0.6 - 0.6
0.0 - 0.6 - 0.6 - 0.6 - 0.6
0.1 - 2.9 - 3.1 - 3.2 - 3.1
- - 17.7 - 18.2 - 17.1 - 15.6

- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
Apr-21-2008 - Apr-02-2009 - Apr-15-2010 - Apr-12-2011 - Apr-13-2012
ths Dec-31-2010 12 months Dec-31-2011 12 months Dec-31-2012 12 months Dec-31-2013 12 months Dec-31-2014
SGD SGD SGD SGD
% of Total Millions % of Total Millions % of Total Millions % of Total Millions % of Total

0.0% 0 0.0% 0 0.0% 0 0.0% 93.4 32.4%

97.6% 125.1 97.6% 131.1 97.9% 160.9 98.1% 186.6 64.9%
2.4% 3.1 2.4% 2.9 2.1% 3.1 1.9% 7.7 2.7%
100.0% 128.2 100.0% 134.0 100.0% 164.0 100.0% 287.7 100.0%

ths Dec-31-2010 12 months Dec-31-2011 12 months Dec-31-2012 12 months Dec-31-2013 12 months Dec-31-2014
SGD SGD SGD SGD
% of Total Millions % of Total Millions % of Total Millions % of Total Millions % of Total

- - - - - - - 85.9 92.0%
- - - - - - - 7.5 8.0%
- - - - - - - 93.4 100.0%

100.0% 0 100.0% 0 100.0% 0 100.0% 93.4 100.0%

- 82.2 - 96.0 - 108.4 - 112.8 -

- (82.2) - (96.0) - (108.4) - (19.5) -
- - - - - - - 93.4 100.0%
- - - - - - - 7.5 8.0%
- - - - - - - 12.0 12.9%
- - - - - - - 73.9 79.2%
- - - - - - - 85.9 92.0%
- - - - - - - 90.5 96.9%
- - - - - - - 83.0 88.9%
- - - - - - - 90.5 96.9%
- - - - - - - 2.9 3.1%
- - - - - - - 7.5 8.0%
- - - - - - - 83.0 88.9%
- - - - - - - 2.9 3.1%

- NM - NM - NM - NM -
- - - - - - - 1.6x -
- - - - - - - 1.6x -
- - - - - - - 1.5x -
- NM - NM - NM - NM -
- - - - - - - 1.6x -
- - - - - - - 1.6x -
- - - - - - - 1.6x -

- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -

- 0.6 - 0.6 - 0.7 - 2.6 -

- 0.7 - 0.7 - 0.7 - 2.6 -
- 0.7 - 0.7 - 0.7 - 2.6 -
- 0.7 - 0.7 - 0.7 - 2.6 -
- 0.7 - 0.7 - 0.7 - 2.6 -
- 3.3 - 3.2 - 3.6 - 12.9 -
- 15.8 - 14.4 - 14.6 - 69.7 -

- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- Apr-16-2013 - Apr-11-2014 - Apr-14-2015 - Apr-13-2016 -
12 months Dec-31-2015 12 months Dec-31-2016 12 months Dec-31-2017
SGD SGD SGD
Millions % of Total Millions % of Total Millions % of Total

73.9 24.2% 61.9 19.7% 49.9 15.2%

222.1 72.7% 242.1 77.0% 266.9 81.3%
9.4 3.1% 10.5 3.3% 11.5 3.5%
305.4 100.0% 314.5 100.0% 328.3 100.0%

12 months Dec-31-2015 12 months Dec-31-2016 12 months Dec-31-2017

SGD SGD SGD
Millions % of Total Millions % of Total Millions % of Total

73.9 100.0% 61.9 100.0% 49.9 100.0%

- - - - - -
73.9 100.0% 61.9 100.0% 49.9 100.0%

73.9 100.0% 61.9 100.0% 49.9 100.0%

137.1 - 164.5 - 191.6 -

(63.2) - (102.6) - (141.7) -
73.9 100.0% 61.9 100.0% 49.9 100.0%
- - - - - -
12.0 16.2% 12.0 19.4% 12.0 24.0%
61.9 83.8% 49.9 80.6% 37.9 76.0%
73.9 100.0% 61.9 100.0% 49.9 100.0%
71.0 96.1% 59.0 95.3% 47.0 94.2%
71.0 96.1% 59.0 95.3% 47.0 94.2%
71.0 96.1% 59.0 95.3% 47.0 94.2%
2.9 3.9% 2.9 4.7% 2.9 5.8%
- - - - - -
71.0 96.1% 59.0 95.3% 47.0 94.2%
2.9 3.9% 2.9 4.7% 2.9 5.8%

NM - NM - NM -
0.9x - 0.8x - 0.6x -
0.9x - 0.8x - 0.6x -
0.8x - 0.8x - 0.6x -
NM - NM - NM -
0.9x - 0.8x - 0.6x -
0.9x - 0.8x - 0.6x -
0.9x - 0.8x - 0.6x -

12.8 17.3% 12.5 20.2% 12.4 24.9%

12.0 16.3% 12.4 20.0% 9.4 18.8%
12.0 16.3% 12.4 20.0% 9.4 18.8%
12.0 16.3% 12.4 20.0% 9.4 18.8%
12.0 16.3% 12.4 20.0% 9.4 18.8%
60.9 82.4% 61.9 100.0% 49.9 100.0%
13.0 17.6% - - - -

2.6 - 2.6 - 2.6 -

2.6 - 2.6 - 2.6 -
2.6 - 2.6 - 2.6 -
2.6 - 2.6 - 2.6 -
2.6 - 2.6 - 2.6 -
13.0 - 12.9 - 13.0 -
67.4 - 64.2 - 61.4 -

9.9 - 10.6 - 11.2 -

9.9 - 10.6 - 11.2 -
9.9 - 10.6 - 11.2 -
Apr-11-2017 - Apr-11-2018 - Apr-11-2018 -
Straco Corporation Limited (SGX:S85) > Financials > Capital Structure Details
Principal Due in Millions of the
reported currency. Period Type: Annual Source: A 2017 filed Apr-11-2018
Currency: Reported Currency Conversion: Historical
Units: S&P Capital IQ (Default) Decimals: Capital IQ (Default)

FY 2017 (Dec-31-2017) Capital Structure As Reported Details Coupon/Base

Description Type Principal Due (SGD) Rate Floating Rate Maturity Seniority Secured
Bank Borrowings Term Loans 47.0 NA Swap Offer Rate (SOR) + 2021 Senior Yes
Loan from Shareholder of a Term Loans 2.9 NA 1.250%
NA - Senior No
Subsidiary

FY 2016 (Dec-31-2016) Capital Structure As Reported Details Coupon/Base

Description Type Principal Due (SGD) Rate Floating Rate Maturity Seniority Secured
Bank Borrowings Term Loans 59.0 NA Swap Offer Rate (SOR) + 2021 Senior Yes
Loan from Shareholder of a Term Loans 2.9 NA 1.250%
NA - Senior No
Subsidiary
 nt
Convertible Currency
No SGD
No SGD

nt
Convertible Currency
No SGD
No SGD
Straco Corporation Limited (SGX:S85) > Financials > Ratios

Restatement: Latest Filings Period Type: Annual

Order: Latest on Right Decimals: Capital IQ (Default)
Source: Capital IQ & Proprieta

Ratios
For the Fiscal Period Ending 12 months 12 months 12 months 12 months 12 months 12 months
Dec-31-2003 Dec-31-2004 Dec-31-2005 Dec-31-2006 Dec-31-2007 Dec-31-2008
Profitability
Return on Assets % 1.8% 1.6% 2.5% 2.3% 4.8% 6.8%
Return on Capital % 2.0% 1.7% 2.6% 2.4% 5.1% 7.2%
Return on Equity % 7.0% 1.3% 3.9% 4.2% 7.4% 8.7%
Return on Common Equity % 7.0% 1.1% 3.7% 4.1% 7.2% 8.4%

Margin Analysis
Gross Margin % 43.6% 37.1% 39.6% 40.8% 48.3% 48.6%
SG&A Margin % 18.7% 28.2% 21.0% 22.0% 18.1% 15.2%
EBITDA Margin % 44.7% 38.3% 47.5% 41.4% 46.2% 47.9%
EBITA Margin % 24.9% 14.3% 23.0% 18.8% 30.2% 33.5%
EBIT Margin % 24.9% 14.3% 23.0% 18.8% 30.2% 33.5%
Earnings from Cont. Ops Margin % 22.0% 4.2% 17.5% 18.5% 25.9% 24.4%
Net Income Margin % 21.2% 3.4% 16.4% 17.5% 24.7% 23.0%
Net Income Avail. for Common Margin % 21.2% 3.4% 16.4% 17.5% 24.7% 23.0%
Normalized Net Income Margin % 8.2% 3.9% 12.6% 13.0% 19.7% 19.5%
Levered Free Cash Flow Margin % 19.1% 3.0% 23.9% 25.3% 29.6% 30.3%
Unlevered Free Cash Flow Margin % 25.2% 8.6% 26.9% 25.8% 29.6% 31.8%

Asset Turnover
Total Asset Turnover 0.1x 0.2x 0.2x 0.2x 0.3x 0.3x
Fixed Asset Turnover 0.2x 0.3x 0.3x 0.3x 0.4x 0.5x
Accounts Receivable Turnover 174.7x 282.0x NM 164.2x 38.4x 46.6x
Inventory Turnover 21.8x 29.2x 24.7x 24.1x 20.6x 22.8x

Short Term Liquidity

Current Ratio 1.1x 1.7x 2.6x 5.1x 3.5x 7.6x
Quick Ratio 1.0x 1.6x 2.5x 5.0x 3.3x 7.4x
Cash from Ops. to Curr. Liab. 0.3x 0.1x 0.7x 1.1x 1.1x 2.7x
Avg. Days Sales Out. 2.1 1.3 0.9 2.2 9.5 7.8
Avg. Days Inventory Out. 16.8 12.5 14.8 15.2 17.7 16.0
Avg. Days Payable Out. 439.1 116.8 14.8 23.9 24.9 19.1
Avg. Cash Conversion Cycle (420.2) (103.0) 0.8 (6.5) 2.3 4.7

Long Term Solvency

Total Debt/Equity 137.5% 31.4% 14.6% 6.7% 6.1% NA
Total Debt/Capital 57.9% 23.9% 12.7% 6.2% 5.7% NA
LT Debt/Equity 96.3% 2.2% 2.2% 2.1% 2.0% NA
LT Debt/Capital 40.5% 1.7% 1.9% 1.9% 1.9% NA
Total Liabilities/Total Assets 61.2% 25.1% 15.1% 9.1% 11.7% 5.1%

EBIT / Interest Exp. 2.5x 1.6x 4.9x 19.8x NA 13.9x

EBITDA / Interest Exp. 4.5x 4.3x 10.0x 43.8x NA 20.0x
(EBITDA-CAPEX) / Interest Exp. 4.0x 4.0x 6.5x 36.0x NA 17.8x
Total Debt/EBITDA 10.2x 3.6x 1.4x 0.7x 0.5x NA
Net Debt/EBITDA 5.9x NM NM NM NM NM
Total Debt/(EBITDA-CAPEX) 11.7x 3.8x 2.2x 0.9x 0.6x NA
Net Debt/(EBITDA-CAPEX) 6.7x NM NM NM NM NM

Altman Z Score 0.27 22.79 5.42 8.36 9.52 14.77

Growth Over Prior Year

Total Revenue (59.6%) 58.8% 0.7% 6.6% 29.9% 34.1%
Gross Profit (67.6%) 35.3% 7.3% 9.8% 53.9% 35.0%
EBITDA (66.5%) 35.9% 25.0% (7.0%) 44.7% 39.2%
EBITA (76.0%) (8.5%) 61.9% (13.3%) 109.2% 48.4%
EBIT (76.0%) (8.5%) 61.9% (13.3%) 109.2% 48.4%
Earnings from Cont. Ops. (69.1%) (70.0%) 323.9% 12.8% 81.2% 26.6%
Net Income (68.8%) (74.5%) 386.6% 13.6% 83.5% 24.8%
Normalized Net Income (83.2%) (24.9%) 227.7% 9.9% 96.6% 32.5%
Diluted EPS before Extra 1,266.3% (90.5%) 373.3% 13.6% 83.5% 24.8%

Accounts Receivable 228.1% (64.2%) 63.0% 211.1% 539.0% (72.9%)

Inventory 31.0% 32.2% 0.9% 13.8% 48.7% 1.2%
Net PP&E (2.9%) (11.0%) 2.1% (9.1%) 11.0% 0.9%
Total Assets 0.3% 9.2% (6.3%) (5.4%) 8.8% 2.5%

Tangible Book Value 11.6% 115.8% 6.2% 1.5% 3.7% 10.2%

 Common Equity 11.6% 115.8% 6.2% 1.5% 5.6% 9.9%
Cash from Ops. 29.8% (53.1%) 145.6% (17.7%) 53.9% 15.6%
Capital Expenditures (76.4%) (46.2%) 797.2% (53.6%) 64.0% (24.0%)
Levered Free Cash Flow NA (74.9%) 699.2% 12.5% 52.4% 37.3%
Unlevered Free Cash Flow NA (45.7%) 213.6% 2.5% 48.9% 44.1%
Dividend per Share NA NA NA NA 50.0% 0.0%

Compound Annual Growth Rate Over Two Years

Total Revenue 256.6% (19.9%) 26.4% 3.6% 17.6% 32.0%
Gross Profit 1,050.3% (33.8%) 20.5% 8.6% 30.0% 44.1%
EBITDA NA (32.6%) 30.3% 7.8% 16.0% 42.0%
EBITA NM (53.2%) 21.7% 18.5% 34.7% 76.2%
EBIT NM (53.2%) 21.7% 18.5% 34.7% 76.2%
Earnings from Cont. Ops. NM (69.5%) 12.7% 118.7% 43.0% 51.5%
Net Income NM (71.8%) 11.3% 135.1% 44.4% 51.4%
Normalized Net Income NM (64.5%) 56.9% 89.7% 46.9% 61.4%
Diluted EPS before Extra NM 14.1% (32.8%) 131.9% 44.4% 51.4%

Accounts Receivable NA 8.3% (23.7%) 125.2% 345.8% 31.7%

Inventory NA 31.6% 15.5% 7.2% 30.1% 22.7%
Net PP&E NA (7.0%) (4.7%) (3.7%) 0.4% 5.8%
Total Assets NA 4.6% 1.1% (5.8%) 1.5% 5.6%

Tangible Book Value NA 55.2% 51.4% 3.8% 2.6% 6.9%

Common Equity NA 55.2% 51.4% 3.8% 3.5% 7.7%
Cash from Ops. NA (22.0%) 7.3% 42.2% 12.5% 33.4%
Capital Expenditures NA (64.4%) 119.7% 104.1% (12.7%) 11.7%
Levered Free Cash Flow NA NA 41.6% 199.9% 30.9% 44.6%
Unlevered Free Cash Flow NA NA 30.5% 79.3% 23.5% 46.5%
Dividend per Share NA NA NA NA NA 22.5%

Compound Annual Growth Rate Over Three Years

Total Revenue 126.9% 172.3% (13.6%) 19.4% 11.7% 22.9%
Gross Profit 264.5% 463.7% (22.2%) 16.8% 21.9% 31.6%
EBITDA NA NA (17.2%) 16.4% 18.9% 23.3%
EBITA NM NM (29.2%) 8.7% 43.2% 39.1%
EBIT NM NM (29.2%) 8.7% 43.2% 39.1%
Earnings from Cont. Ops. NM NM (26.7%) 12.8% 105.4% 37.3%
Net Income NM NM (27.1%) 12.1% 116.5% 37.5%
 Normalized Net Income NM NM (25.6%) 39.3% 92.0% 42.0%
Diluted EPS before Extra NM NM 83.4% (20.0%) 114.5% 37.5%

Accounts Receivable NA NA 24.1% 21.9% 218.8% 75.4%

Inventory NA NA 20.5% 14.9% 19.5% 19.6%
Net PP&E NA NA (4.1%) (6.2%) 1.0% 0.6%
Total Assets NA NA 0.8% (1.1%) (1.2%) 1.8%

Tangible Book Value NA NA 36.8% 32.5% 3.8% 5.1%

Common Equity NA NA 36.8% 32.5% 4.4% 5.6%
Cash from Ops. NA NA 14.3% (1.8%) 46.0% 13.5%
Capital Expenditures NA NA 4.4% 30.9% 89.7% (16.7%)
Levered Free Cash Flow NA NA NA 31.2% 139.3% 33.0%
Unlevered Free Cash Flow NA NA NA 20.4% 68.5% 30.0%
Dividend per Share NA NA NA NA NA NA

Compound Annual Growth Rate Over Five Years

Total Revenue NA NA 79.6% 85.0% (2.2%) 24.3%
Gross Profit NA NA 134.1% 191.6% (4.5%) 27.1%
EBITDA NA NA NA NA (5.2%) 26.0%
EBITA NA NA NM NM (8.4%) 31.9%
EBIT NA NA NM NM (8.4%) 31.9%
Earnings from Cont. Ops. NA NA NM NM (4.3%) 26.9%
Net Income NA NA NM NM (4.2%) 26.4%
Normalized Net Income NA NA NM NM (2.3%) 47.7%
Diluted EPS before Extra NA NA NM NM 66.7% 3.3%

Accounts Receivable NA NA NA NA 107.0% 25.7%

Inventory NA NA NA NA 24.2% 18.0%
Net PP&E NA NA NA NA (2.3%) (1.5%)
Total Assets NA NA NA NA 1.1% 1.5%

Tangible Book Value NA NA NA NA 21.9% 21.6%

Common Equity NA NA NA NA 22.3% 21.9%
Cash from Ops. NA NA NA NA 13.6% 11.0%
Capital Expenditures NA NA NA NA (2.8%) 22.8%
Levered Free Cash Flow NA NA NA NA NA 36.4%
Unlevered Free Cash Flow NA NA NA NA NA 30.2%
Dividend per Share NA NA NA NA NA NA
 12 months 12 months 12 months 12 months 12 months 12 months 12 months 12 months 12 months
Dec-31-2009 Dec-31-2010 Dec-31-2011 Dec-31-2012 Dec-31-2013 Dec-31-2014 Dec-31-2015 Dec-31-2016 Dec-31-2017

7.3% 13.5% 10.2% 11.4% 16.0% 13.6% 13.7% 11.9% 11.8%

7.7% 14.3% 11.1% 12.5% 17.9% 15.0% 15.0% 13.2% 13.1%
9.2% 17.9% 14.1% 15.6% 23.8% 21.9% 24.3% 20.3% 19.1%
8.9% 17.6% 14.0% 15.4% 23.4% 21.7% 24.0% 20.0% 18.8%

53.6% 63.2% 62.1% 64.5% 94.0% 94.9% 92.0% 91.7% 91.6%

19.2% 14.9% 15.6% 17.1% 27.3% 26.7% 24.6% 27.4% 26.6%
49.0% 57.9% 56.7% 56.1% 63.9% 63.6% 65.6% 62.5% 62.6%
34.4% 48.4% 46.5% 47.5% 58.4% 58.6% 56.2% 52.7% 53.0%
34.4% 48.4% 46.5% 47.5% 58.4% 58.6% 55.6% 52.3% 52.5%
25.7% 37.8% 37.0% 37.1% 48.6% 42.5% 40.6% 39.3% 39.4%
24.4% 36.2% 35.8% 35.7% 46.8% 40.8% 38.4% 37.1% 37.2%
24.4% 36.2% 35.8% 35.7% 46.8% 40.8% 38.4% 37.1% 37.2%
21.3% 31.8% 32.0% 32.7% 40.8% 37.3% 33.5% 31.9% 32.2%
33.8% 41.6% 41.7% 40.6% 16.4% 58.1% 38.7% 43.9% 40.9%
33.8% 41.6% 41.7% 40.6% 16.4% 58.2% 39.7% 44.8% 41.5%

0.3x 0.4x 0.4x 0.4x 0.4x 0.4x 0.4x 0.4x 0.4x

0.6x 0.9x 0.9x 1.1x 1.5x 1.0x 0.9x 1.0x 1.0x
141.6x 283.2x 217.3x NM NM NM NM 216.7x 207.9x
21.9x 25.2x 21.4x 20.3x 4.4x 2.5x 4.0x 4.6x 5.1x

10.2x 10.5x 9.2x 8.0x 7.8x 3.6x 6.1x 6.9x 7.8x

10.0x 10.4x 9.0x 7.9x 6.5x 3.5x 6.0x 6.8x 7.7x
3.3x 4.2x 2.3x 2.2x 2.1x 1.1x 2.7x 2.7x 2.6x
 2.6 1.3 1.7 1.1 0.3 0.7 1.2 1.7 1.8
16.6 14.5 17.0 18.0 83.5 145.7 92.2 79.4 71.0
19.1 22.3 31.3 30.9 128.9 95.9 81.8 83.7 81.5
0.1 (6.5) (12.6) (11.7) (45.1) 50.4 11.7 (2.6) (8.7)

NA NA NA NA NA 48.0% 31.9% 24.5% 17.9%

NA NA NA NA NA 32.4% 24.2% 19.7% 15.2%
NA NA NA NA NA 38.0% 26.7% 19.8% 13.6%
NA NA NA NA NA 25.7% 20.3% 15.9% 11.5%
5.2% 6.9% 8.3% 10.0% 10.5% 38.2% 30.9% 27.9% 24.2%

NA NA NA NA NM NM 37.5x 40.5x 54.2x

NA NA NA NA NM NM 44.2x 48.5x 64.6x
NA NA NA NA NM NM 42.2x 46.1x 62.5x
NA NA NA NA NA 1.6x 0.9x 0.8x 0.6x
NM NM NM NM NM NM NM NM NM
NA NA NA NA NA 1.6x 0.9x 0.8x 0.6x
NM NM NM NM NM NM NM NM NM

11.87 10.02 9.53 9.74 11.22 4.43 6.49 6.24 7.05

7.8% 42.2% (10.6%) 19.7% 32.0% 26.7% 38.3% (2.0%) 2.6%

18.8% 67.8% (12.2%) 24.3% 92.5% 28.0% 34.0% (2.2%) 2.5%
10.2% 67.8% (12.4%) 18.4% 50.2% 26.2% 42.7% (6.7%) 2.9%
10.8% 100.0% (14.0%) 22.3% 62.3% 27.2% 32.6% (8.0%) 3.2%
10.8% 100.0% (14.0%) 22.3% 62.3% 27.0% 31.3% (7.9%) 3.2%
13.4% 109.4% (12.6%) 20.1% 72.7% 10.9% 32.0% (5.1%) 2.9%
14.2% 111.2% (11.5%) 19.4% 72.8% 10.5% 30.0% (5.2%) 2.7%
18.2% 112.1% (10.1%) 22.3% 64.5% 15.8% 24.4% (6.7%) 3.5%
14.2% 111.2% (11.1%) 21.0% 73.6% 9.2% 29.5% (4.9%) 2.6%

(35.0%) (10.6%) 47.0% (65.6%) (54.8%) 695.4% 62.4% 27.1% (8.9%)

1.4% (5.0%) 22.4% 15.2% (7.2%) 190.5% (14.5%) (11.4%) (0.8%)
(8.4%) (11.3%) (1.8%) (11.1%) (0.6%) 196.7% (3.6%) (5.3%) (7.2%)
4.2% 12.2% 14.0% 6.5% 23.1% 71.7% 6.5% 4.5% 4.9%

4.1% 10.5% 12.5% 4.9% 23.0% 14.1% 19.9% 9.5% 10.6%

 4.1% 10.4% 12.4% 4.8% 22.7% 16.0% 19.0% 9.0% 10.2%
19.5% 74.5% (18.5%) 27.5% 29.6% 3.7% 75.7% 3.2% (1.5%)
(30.1%) (32.7%) 56.1% (12.6%) 26.5% (14.5%) 213.9% (2.7%) (31.1%)
19.9% 75.3% (10.5%) 16.7% (46.7%) 349.2% (7.9%) 11.2% (4.6%)
14.3% 75.3% (10.5%) 16.7% (46.7%) 350.0% (5.8%) 10.6% (4.9%)
33.3% 50.0% 0.0% 0.0% 66.7% 60.0% 0.0% 25.0% 0.0%

20.2% 23.8% 12.8% 3.5% 25.7% 29.3% 32.4% 16.4% 0.3%

26.6% 41.2% 21.4% 4.5% 54.7% 56.9% 30.9% 14.5% 0.1%
23.9% 36.0% 21.3% 1.8% 33.4% 37.7% 34.2% 15.4% (2.0%)
28.2% 48.9% 31.1% 2.5% 40.9% 43.7% 29.9% 10.4% (2.6%)
28.2% 48.9% 31.1% 2.5% 40.9% 43.6% 29.1% 10.0% (2.5%)
19.8% 54.1% 35.3% 2.5% 44.0% 38.4% 21.0% 11.9% (1.2%)
19.4% 55.3% 36.7% 2.8% 43.6% 38.2% 19.9% 11.0% (1.3%)
25.1% 58.3% 38.1% 4.9% 41.9% 38.1% 20.1% 7.8% (1.7%)
19.4% 55.3% 37.0% 3.7% 44.9% 37.7% 18.9% 10.9% (1.2%)

(58.0%) (23.8%) 14.6% (28.8%) (60.5%) 89.7% 259.4% 43.7% 7.6%

1.3% (1.8%) 7.8% 18.7% 3.4% 64.2% 57.6% (13.0%) (6.3%)
(3.8%) (9.8%) (6.6%) (6.5%) (6.0%) 71.7% 69.1% (4.5%) (6.3%)
3.4% 8.1% 13.1% 10.2% 14.5% 45.4% 35.2% 5.5% 4.7%

7.1% 7.3% 11.5% 8.6% 13.6% 18.5% 17.0% 14.6% 10.0%

6.9% 7.2% 11.4% 8.5% 13.4% 19.3% 17.5% 13.9% 9.6%
17.5% 44.4% 19.3% 1.9% 28.5% 15.9% 35.0% 34.6% 0.8%
(27.1%) (31.4%) 2.5% 16.8% 5.2% 4.0% 63.8% 74.8% (18.1%)
28.3% 45.0% 25.3% 2.2% (21.2%) 54.7% 103.4% 1.2% 3.0%
28.3% 41.6% 25.3% 2.2% (21.1%) 54.8% 105.8% 2.1% 2.6%
15.5% 41.4% 22.5% 0.0% 29.1% 63.3% 26.5% 11.8% 11.8%

23.3% 27.1% 11.1% 15.0% 12.2% 26.0% 32.2% 19.8% 11.6%

35.1% 39.1% 20.5% 22.3% 28.1% 45.2% 48.9% 18.8% 10.3%
30.5% 37.1% 17.5% 20.3% 15.9% 30.9% 39.3% 18.9% 11.1%
51.0% 48.7% 24.0% 28.1% 19.5% 36.2% 39.9% 15.7% 7.9%
51.0% 48.7% 24.0% 28.1% 19.5% 36.1% 39.4% 15.4% 7.7%
37.5% 44.3% 27.6% 30.0% 21.9% 32.0% 36.2% 11.6% 8.8%
37.8% 44.4% 28.8% 30.7% 22.2% 31.6% 35.4% 10.9% 8.2%
45.5% 49.2% 31.1% 32.6% 21.9% 32.6% 33.4% 10.4% 6.3%
37.8% 44.4% 28.9% 31.5% 23.1% 31.9% 34.9% 10.4% 8.1%

4.1% (46.0%) (5.1%) (23.2%) (38.8%) 7.4% 80.1% 154.2% 23.4%

15.1% (0.8%) 5.7% 10.2% 9.4% 45.9% 32.1% 30.1% (9.1%)
0.9% (6.4%) (7.2%) (8.1%) (4.6%) 37.9% 41.6% 39.4% (5.4%)
5.1% 6.2% 10.1% 10.9% 14.4% 31.1% 31.0% 24.1% 5.3%

6.0% 8.2% 9.0% 9.3% 13.2% 13.7% 18.9% 14.4% 13.2%

6.5% 8.1% 8.9% 9.1% 13.1% 14.3% 19.2% 14.6% 12.7%
28.6% 34.1% 19.3% 21.9% 10.4% 19.7% 33.2% 23.4% 21.3%
(4.5%) (29.0%) (9.8%) (2.8%) 19.9% (1.9%) 50.3% 37.7% 28.2%
35.9% 42.4% 23.5% 22.3% (17.8%) 40.8% 30.2% 66.4% (0.7%)
34.8% 42.4% 21.5% 22.3% (17.8%) 40.9% 31.2% 67.4% (0.3%)
26.0% 26.0% 26.0% 14.5% 18.6% 38.7% 38.7% 26.0% 7.7%

15.0% 23.2% 19.0% 17.1% 16.7% 20.5% 19.9% 22.1% 18.4%

23.8% 35.4% 29.4% 24.0% 33.2% 35.1% 29.2% 32.0% 27.0%
20.9% 28.2% 26.7% 21.7% 23.6% 27.0% 22.9% 24.5% 21.0%
37.0% 42.9% 42.7% 28.2% 30.5% 34.1% 23.5% 25.2% 21.0%
37.0% 42.9% 42.7% 28.2% 30.5% 34.1% 23.3% 25.0% 20.8%
65.6% 43.8% 36.7% 25.9% 33.9% 33.3% 21.6% 23.6% 19.8%
70.6% 44.4% 37.4% 26.1% 34.5% 33.7% 21.3% 23.0% 19.3%
61.8% 48.3% 42.5% 29.6% 35.3% 34.8% 21.1% 22.0% 18.0%
69.7% 44.4% 37.5% 26.5% 35.1% 33.9% 21.4% 23.1% 19.1%

41.7% 25.7% 8.2% (39.7%) (33.2%) 10.2% 24.2% 20.7% 46.6%

11.9% 10.5% 12.2% 6.6% 4.7% 29.3% 26.6% 18.7% 15.2%
(1.0%) (3.7%) (2.2%) (6.4%) (6.7%) 18.0% 19.9% 19.1% 20.1%
0.6% 4.3% 8.3% 7.8% 11.8% 23.6% 22.3% 20.2% 19.8%

5.1% 5.9% 8.2% 8.4% 10.8% 12.9% 14.7% 14.1% 15.3%

5.4% 6.2% 8.4% 8.2% 10.7% 13.1% 14.8% 14.1% 15.3%
33.9% 25.0% 24.8% 20.2% 22.9% 19.5% 19.7% 25.5% 19.1%
29.4% (22.9%) (1.7%) (13.4%) (4.1%) (0.1%) 35.9% 23.6% 17.9%
86.5% 37.7% 31.5% 24.7% 3.2% 34.4% 18.1% 23.4% 18.5%
51.1% 34.5% 30.9% 24.7% 2.2% 34.4% 18.7% 23.9% 18.9%
NA NA 24.6% 14.9% 27.2% 32.0% 21.7% 27.2% 27.2%
Straco Corporation Limited (SGX:S85) > Financials > Supplemental

In Millions of the reported currency, except per share items. Restatement: Latest Filings Period Type: Annual
Currency: Reported Currency Conversion: Historical
Order: Latest on Right Units: S&P Capital IQ (Default)
Decimals: Capital IQ (Default) Source: Capital IQ & Proprietary Data

Supplemental
For the Fiscal Period Ending 12 months 12 months 12 months 12 months 12 months 12 months
Dec-31-2003 Dec-31-2004 Dec-31-2005 Dec-31-2006 Dec-31-2007 Dec-31-2008
Currency SGD SGD SGD SGD SGD SGD
Options Outstanding
Options Out. at the Beginning of the Period - - - - - -
Options Granted During the Period - - - - 5.4 -
Options Exercised During the Period - - - - - -
Options Cancelled During the Period - - - - - -
Options Out. at the End of the Period - - - - 5.4 5.1
W/Avg. Strike Price of Out. at the End of the Period - - - - 0.19 0.19
W/Avg. Strike Price of Granted - - - - 0.19 -

Options Outstanding - All Classes

Options Out. at the Beginning of the Period - - - - - -
Options Granted During the Period - - - - 5.4 -
Options Exercised During the Period - - - - - -
Options Cancelled During the Period - - - - - -
Options Out. at the End of the Period - - - - 5.4 5.1

Stock Based Compensation

Stock Options Comp. Exp., Before Tax - - - - 0.1 0.5
Stock Based Comp. Exp., Before Tax - - - - 0.1 0.5

Loss Carry Forward Related Items

NOL C/F, After Five Years - - - 2.1 5.7 4.3
NOL C/F, No Expiration - - - - - -
Total NOL C/F - - - 2.1 5.7 4.3

Filing Date Mar-01-2005 Apr-11-2006 Apr-10-2007 Apr-21-2008 Apr-02-2009 Apr-15-2010

 12 months 12 months 12 months 12 months 12 months 12 months 12 months 12 months 12 months
Dec-31-2009 Dec-31-2010 Dec-31-2011 Dec-31-2012 Dec-31-2013 Dec-31-2014 Dec-31-2015 Dec-31-2016 Dec-31-2017
SGD SGD SGD SGD SGD SGD SGD SGD SGD

5.1 5.1 11.4 16.3 19.0 23.7 26.9 19.7 20.5

- 7.0 6.2 6.8 6.8 7.6 5.6 5.4 5.2
- - 0.3 4.1 2.1 4.5 12.7 4.1 2.4
- 0.7 1.0 - - - 0.1 0.5 0.2
5.1 11.4 16.3 19.0 23.7 26.9 19.7 20.5 23.0
0.19 0.15 0.14 0.18 0.22 0.34 0.59 0.7 0.76
- 0.13 0.18 0.2 0.31 0.63 1.06 0.79 0.84

5.1 5.1 11.4 16.3 19.0 23.7 26.9 19.7 20.5

- 7.0 6.2 6.8 6.8 7.6 5.6 5.4 5.2
- - 0.3 4.1 2.1 4.5 12.7 4.1 2.4
- 0.7 1.0 - - - 0.1 0.5 0.2
5.1 11.4 16.3 19.0 23.7 26.9 19.7 20.5 23.0

- 0.2 0.6 0.4 0.5 1.3 1.9 1.6 1.0

- 0.2 0.6 0.4 0.5 1.3 1.9 1.6 1.0

3.9 4.0 4.2 4.1 - - - - -

- - - - 3.9 2.7 2.4 0.2 1.9
3.9 4.0 4.2 4.1 3.9 2.7 2.4 0.2 1.9

Apr-12-2011 Apr-13-2012 Apr-16-2013 Apr-11-2014 Apr-14-2015 Apr-13-2016 Apr-11-2017 Apr-11-2018 Apr-11-2018

Straco Corporation Limited (SGX:S85) > Financials > Industry Specific
except per
share items. Restatement:Latest Filings Period Type: Annual
Currency: Reported Cur Conversion: Historical
Order: Latest on Rig Units: S&P Capital IQ (Default)
Decimals: Capital IQ (De Source: Capital IQ & Proprietary Data

Industry Specific
No Data Available
Straco Corporation Limited (SGX:S85) > Financials > Pension/OPEB

In Millions of the reported currency, except per share items. Restatement: Latest Filings Period Type: Annual
Currency: Reported Currency Conversion: Historical
Order: Latest on Right Units: S&P Capital IQ (Default)
Decimals: Capital IQ (Default) Source: Capital IQ & Proprietary Data

Pension/OPEB
For the Fiscal Period Ending 12 months 12 months 12 months 12 months 12 months 12 months
Dec-31-2003 Dec-31-2004 Dec-31-2005 Dec-31-2006 Dec-31-2007 Dec-31-2008
Currency SGD SGD SGD SGD SGD SGD
Pension Information - Total
Defined Benefit Net Periodic Cost
Def. Contribution Plan Cost - - 0.5 0.5 0.5 0.7
Total Pension Expense - - 0.5 0.5 0.5 0.7
 12 months 12 months 12 months 12 months 12 months 12 months 12 months 12 months 12 months
Dec-31-2009 Dec-31-2010 Dec-31-2011 Dec-31-2012 Dec-31-2013 Dec-31-2014 Dec-31-2015 Dec-31-2016 Dec-31-2017
SGD SGD SGD SGD SGD SGD SGD SGD SGD

0.9 0.9 1.0 1.2 1.4 1.6 2.5 3.1 3.0

0.9 0.9 1.0 1.2 1.4 1.6 2.5 3.1 3.0
Straco Corporation Limited (SGX:S85) > Financials > Segments

In Millions of the reported currency. View By: Line Items Restatement: Latest Filings
Period Type: Annual Order: Latest on Right
Currency: Reported Currency Conversion: Historical
Units: S&P Capital IQ (Defaul Decimals: Capital IQ (Default)

Business Segments
For the Fiscal Period Ending 12 months 12 months 12 months 12 months 12 months 12 months
Dec-31-2003 Dec-31-2004 Dec-31-2005 Dec-31-2006 Dec-31-2007 Dec-31-2008
Currency SGD SGD SGD SGD SGD SGD
Revenues
Aquariums - - - - - 30.7
Giant Observation Wheel - - - - - -
Others - - - - - 1.6
Tourism-Related Attractions 10.7 19.4 18.8 20.2 25.9 -
Total Revenues 10.7 19.4 18.8 20.2 25.9 32.3

Operating Profit Before Tax

Tourism-Related Attractions 4.2 3.0 4.8 4.5 8.4 -
Total Operating Profit Before Tax 4.2 3.0 4.8 4.5 8.4 -

Interest Expense
Aquariums - - - - - (0.2)
Giant Observation Wheel - - - - - -
Others - - - - - (0.1)
Corporate - - - - - (0.5)
Tourism-Related Attractions - (1.6) (0.9) (0.2) - -
Total Interest Expense - (1.6) (0.9) (0.2) - (0.8)

Net Profit Before Tax

Aquariums - - - - - 14.5
Giant Observation Wheel - - - - - -
Others - - - - - (1.0)
Head Office and Corporate Expense - - - - - -
Unallocated Interest and Other Income - - - - - -
Elimination on Consolidation - - - - - -
Corporate - - - - - (2.2)
Tourism-Related Attractions 3.0 1.3 4.0 4.3 8.4 -
Total Net Profit Before Tax 3.0 1.3 4.0 4.3 8.4 11.2

Tax Expense
Tourism-Related Attractions 0.5 0.6 0.8 0.8 1.9 -
Total Tax Expense 0.5 0.6 0.8 0.8 1.9 -

Net Profit After Tax

Tourism-Related Attractions 2.4 0.6 3.0 3.4 6.2 -
Total Net Profit After Tax 2.4 0.6 3.0 3.4 6.2 -

Assets
Aquariums - - - - - 87.5
Giant Observation Wheel - - - - - -
Others - - - - - 6.8
Elimination on Consolidation - - - - - -
Unallocated Property, Plant and Equipment - - - - - -
Unallocated Loan and Advances to Subsidiaries - - - - - -
Unallocated Other Amounts Due from Subsidiaries - - - - - -
Unallocated Cash and Bank Balances - - - - - -
Unallocated Others - - - - - -
Corporate - - - - - 10.4
Tourism-Related Attractions 97.1 106.0 99.3 94.0 102.2 -
Total Assets 97.1 106.0 99.3 94.0 102.2 104.8

Depreciation & Amortization

Aquariums - - - - - 4.3
Giant Observation Wheel - - - - - -
Others - - - - - 0.6
Corporate - - - - - -
Tourism-Related Attractions 2.2 4.3 4.4 4.4 4.0 -
Total Depreciation & Amortization 2.2 4.3 4.4 4.4 4.0 4.9

Capital Expenditure
Aquariums - - - - - (1.7)
Giant Observation Wheel - - - - - -
Others - - - - - (0.1)
Corporate - - - - - -
Tourism-Related Attractions (0.6) (0.3) (3.1) (1.5) (2.7) -
 Total Capital Expenditure (0.6) (0.3) (3.1) (1.5) (2.7) (1.8)

Filing Date Mar-01-2005 Apr-11-2006 Apr-10-2007 Apr-21-2008 Apr-02-2009 Apr-15-2010

Geographic
For the Fiscal Segments
Period Ending 12 months 12 months 12 months 12 months 12 months 12 months
Dec-31-2003 Dec-31-2004 Dec-31-2005 Dec-31-2006 Dec-31-2007 Dec-31-2008
Currency SGD SGD SGD SGD SGD SGD
Revenues
Singapore - - - - - -
China 10.7 19.4 18.8 20.2 25.9 32.3
Total Revenues 10.7 19.4 18.8 20.2 25.9 32.3

Operating Profit Before Tax

China 4.2 3.0 4.8 4.5 8.4 -
Total Operating Profit Before Tax 4.2 3.0 4.8 4.5 8.4 -

Interest Expense
China - (1.6) (0.9) (0.2) - -
Total Interest Expense - (1.6) (0.9) (0.2) - -

Net Profit Before Tax

China 3.0 1.3 4.0 4.3 8.4 -
Total Net Profit Before Tax 3.0 1.3 4.0 4.3 8.4 -

Tax Expense
China 0.5 0.6 0.8 0.8 1.9 -
Total Tax Expense 0.5 0.6 0.8 0.8 1.9 -

Net Profit After Tax

China 2.4 0.6 3.0 3.4 6.2 -
Total Net Profit After Tax 2.4 0.6 3.0 3.4 6.2 -

Assets
Singapore - - - - - 3.9
China 97.1 106.0 99.3 94.0 102.2 64.5
Total Assets 97.1 106.0 99.3 94.0 102.2 68.4
Depreciation & Amortization
China 2.2 4.3 4.4 4.4 4.0 -
Total Depreciation & Amortization 2.2 4.3 4.4 4.4 4.0 -

Capital Expenditure
China (0.6) (0.3) (3.1) (1.5) (2.7) -
Total Capital Expenditure (0.6) (0.3) (3.1) (1.5) (2.7) -

Filing Date Mar-01-2005 Apr-11-2006 Apr-10-2007 Apr-21-2008 Apr-02-2009 Apr-15-2010

 12 months 12 months 12 months 12 months 12 months 12 months 12 months 12 months 12 months
Dec-31-2009 Dec-31-2010 Dec-31-2011 Dec-31-2012 Dec-31-2013 Dec-31-2014 Dec-31-2015 Dec-31-2016 Dec-31-2017
SGD SGD SGD SGD SGD SGD SGD SGD SGD

33.2 49.1 42.5 51.9 68.9 84.8 86.7 81.5 82.9

- - - - - 3.7 37.6 40.3 41.2
1.3 2.5 3.6 3.3 4.0 3.8 3.3 3.3 4.3
- - - - - - - - -
34.5 51.6 46.1 55.2 72.8 92.3 127.7 125.2 128.4

- - - - - - - - -
- - - - - - - - -

(0.1) (0.1) 0 - - - - - -
- - - - - (0.1) (1.8) (1.6) (1.2)
(0.1) (0.1) (0.1) 0 0 0 - - 0
0.2 0.1 0.1 0.0 0.0 0 - - -
- - - - - - - - -
0 0 0 0 0 (0.2) (1.8) (1.6) (1.2)

15.4 29.1 25.1 31.7 49.0 62.6 62.3 58.6 59.9

- - - - - (0.6) 12.3 10.8 11.0
(0.6) 1.3 1.7 1.6 2.7 1.2 1.3 1.4 2.0
- - - - - - (6.6) (5.4) (5.7)
- - - - - - 0.1 0.3 0.7
- - - - - - 3.6 2.6 2.6
(1.6) (2.8) (2.3) (3.3) (1.4) (5.6) - - -
 - - - - - - - - -
13.1 27.6 24.5 30.1 50.3 57.6 72.9 68.2 70.5

- - - - - - - - -
- - - - - - - - -

- - - - - - - - -
- - - - - - - - -

94.0 108.4 118.4 125.6 130.4 143.5 159.0 164.6 173.5

- - - - - 154.1 154.9 157.3 156.7
5.6 5.7 7.7 8.4 10.9 9.0 10.0 9.4 10.3
- - - - - - (40.8) (37.3) (38.2)
- - - - - - 2.3 2.2 2.1
- - - - - - 27.1 27.1 27.1
- - - - - - 12.5 8.8 9.3
- - - - - - 10.0 18.1 26.4
- - - - - - 0.1 0.1 0.2
9.6 8.4 13.6 14.9 42.0 8.1 - - -
- - - - - - - - -
109.2 122.5 139.7 148.9 183.3 314.7 335.0 350.2 367.3

4.7 4.5 4.5 4.5 3.7 3.7 4.0 3.8 3.8

- - - - - 0.7 8.5 8.8 8.9
0.6 0.3 0.1 0.1 0.1 0.1 0.1 0.2 0.2
0.1 0.1 0.1 0.1 0.1 0.1 - - -
- - - - - - - - -
5.5 4.9 4.7 4.7 3.9 4.6 12.7 12.7 12.9

(1.0) (0.8) (1.2) (0.9) (1.0) (0.8) (2.0) (1.6) (0.7)

- - - - - (139.1) (0.8) (1.3) (1.1)
(0.2) 0 0 (0.2) (0.4) (0.2) (1.0) (0.8) (0.8)
- 0 0 - 0 0 - - -
- - - - - - - - -
 (1.2) (0.8) (1.3) (1.1) (1.4) (140.2) (3.8) (3.7) (2.6)

Apr-12-2011 Apr-13-2012 Apr-16-2013 Apr-11-2014 Apr-14-2015 Apr-13-2016 Apr-11-2017 Apr-11-2018 Apr-11-2018

12 months 12 months 12 months 12 months 12 months 12 months 12 months 12 months 12 months

Dec-31-2009 Dec-31-2010 Dec-31-2011 Dec-31-2012 Dec-31-2013 Dec-31-2014 Dec-31-2015 Dec-31-2016 Dec-31-2017
SGD SGD SGD SGD SGD SGD SGD SGD SGD

- - - - - 3.7 37.6 40.3 41.2

34.5 51.6 46.1 55.2 72.8 88.6 90.0 84.8 87.2
34.5 51.6 46.1 55.2 72.8 92.3 127.7 125.2 128.4

- - - - - - - - -
- - - - - - - - -

- - - - - - - - -
- - - - - - - - -

- - - - - - - - -
- - - - - - - - -

- - - - - - - - -
- - - - - - - - -

- - - - - - - - -
- - - - - - - - -

2.9 2.6 2.5 2.4 2.4 150.0 143.4 138.6 130.8

59.7 53.0 52.2 46.4 46.1 44.1 43.9 40.4 37.0
62.5 55.7 54.7 48.8 48.5 194.1 187.3 179.0 167.7
 - - - - - - - - -
- - - - - - - - -

- - - - - - - - -
- - - - - - - - -

Apr-12-2011 Apr-13-2012 Apr-16-2013 Apr-11-2014 Apr-14-2015 Apr-13-2016 Apr-11-2017 Apr-11-2018 Apr-11-2018