CORPORATE HISTORY AND MILESTONES Waste heat recovery units at Citech MV Tanjung Gaya, Tanjung’s fi rst well testing vessel 23 <strong>TANJUNG</strong> <strong>OFFSHORE</strong> <strong>BERHAD</strong> (662315-U) ANNUAL REPORT 2009 Launch of MV Tanjung Biru 1 Launch of MV Tanjung Dahan 1 July 2007 TOS secured a contract from Murphy Oil for the provision of a Self Elevating Relocatable Facility for the SK309/311 Phase One Gas Development Project for a duration of two (2) primary years. August 2007 TKS took delivery of one (1) unit of AHTS, MV Tanjung Dawai. September 2007 TOS secured its fi rst well testing vessel contract from Carigali-PTTEPI Operating Company Sdn Bhd (CPOC). October 2007 TOS secured its maiden contract from Truong San Joint Operating Company, Vietnam for the provision of a straight supply vessel, MV Tanjung Pinang 3. January 2008 PT. Tanjung Offshore Nusantara was incorporated as a subsidiary of Tanjung Offshore Berhad to provide integrated support services to the oil and gas and related industries in Indonesia. July 2008 TKS took delivery of Tanjung’s eighth (8th) vessel, namely MV Tanjung Puteri 1, an AHTS vessel. August 2008 Tanjung Offshore Berhad acquired the business and assets of Citech Limited and Citech Energy Systems Limited. The acquisition was completed via the incorporation of two new subsidiaries, namely Tanjung Citech UK Limited (TCUK) and Citech Energy Recovery Systems UK Limited (CERS). TCUK holds all patents and Intellectual Property Rights associated with the revolutionary “CiBAS Technology” in the manufacturing of Waste Heat Recovery Units (WHRUs) for the oil and gas and related industries. CERS is the operating subsidiary which is involved in the manufacturing and marketing the WHRUs in Hull, United Kingdom. September 2008 TKS took delivery of Tanjung’s ninth (9th) vessel, namely MV Tanjung Puteri 2, an AHTS vessel. October 2008 Tanjung Offshore Berhad completed the renounceable Rights Issue with free new Warrants exercise that raised approximately RM62.0 million which will be utilised for future expansions in marine assets and offshore support vessels in the oil and gas industry. December 2008 TKS took delivery of Tanjung’s tenth (10th) vessel, namely MV Tanjung Gaya, a Tug & Utility vessel. Jan 2009 Tanjung Offshore Berhad acquired a 51% equity interest in Gas Generators (M) Sdn Berhad (GASTEC), which is principally involved in the manufacturing and marketing of gas generators in both the industrial and offshore oil and gas market. February 2009 TOS took delivery of Tanjung’s eleventh (11th) vessel, MV Tanjung Gelang, a well testing vessel which has been contracted to Carigali-PTTEPI Operating Company Sdn Bhd. October 2009 TKS took delivery of Tanjung’s twelveth (12th) vessel, MV Tanjung Biru 1, an AHTS vessel which has since been contracted to Petronas Carigali Sdn Bhd on long term charter. November 2009 TKS took delivery of Tanjung’s thirteenth (13th) vessel, MV Tanjung Sari, an AHTS vessel which has since been contracted to Petronas Carigali Sdn Bhd on long term charter. December 2009 TKS took delivery of Tanjung’s fourteenth (14th) vessel, MV Tanjung Biru 2, an AHTS vessel which has since been contracted to Petronas Carigali Sdn Bhd on long term charter. March 2010 TKS took delivery of Tanjung’s fi fteenth (15th) vessel, MV Tanjung Dahan 1, an AHTS vessel which has since been contracted to Petronas Carigali Sdn Bhd on long term charter. May 2010 TKS took delivery of Tanjung’s sixteenth (16th) vessel, MV Tanjung Dahan 2, an AHTS vessel which has since been contracted to Petronas Carigali Sdn Bhd on long term charter.
<strong>TANJUNG</strong> <strong>OFFSHORE</strong> <strong>BERHAD</strong> (662315-U) ANNUAL REPORT 2009 FIVE (5) YEARS GROUP FINANCIAL HIGHLIGHTS 2005 2006 2007 2008 2009 RM’000 RM’000 RM’000 RM’000 RM’000 Revenue 205,455 293,254 422,871 574,273 649,656 EBITDA 13,062 23,015 44,457 47,438 21,510 Net Profi t before tax 11,601 17,510 24,305 34,225 4,774 Net Profi t after tax 16,051 18,280 23,229 31,448 3,616 Pre - tax Margin 5.65 5.97 5.75 5.95 0.73 Net Margin 7.81 6.23 5.49 5.47 0.56 Net Earnings per share (sen) 26.6 13.12 11.49 14.63 1.25 Revenue (RM’000) Net Profi t After Tax (RM’000) 650,000 - 600,000 - 550,000 - 500,000 - 450,000 - 400,000 - 350,000 - 300,000 - 250,000 - 205,455 200,000 - 150,000 - 100,000 - 0 - 293,254 422,871 574,273 649,656 2005 2006 2007 2008 2009 24 35,000 - 30,000 - 25,000 - 20,000 - 15,000 - 10,000 - 5,000 - 0 - 16,051 18,280 23,229 31,448 3,616 2005 2006 2007 2008 2009
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