38 CSE GLOBAL LIMITED OPERATIONS AND FINANCIAL OVERVIEW S$’000 2023 2022 Change 2023 % Revenue 725,051 557,699 30.0% Gross profit 199,864 146,184 36.7% Operating expenses 161,502 138,043 17.0% Earnings before interest and tax (EBIT) 39,700 13,575 192.4% Earnings before interest, tax, depreciation and amortisation (EBITDA) 63,636 33,400 90.5% Net profit attributable to equity owners of the Company 22,527 4,769 372.4% Gross profit margin 27.6% 26.2% 1.4p.p EBIT margin 5.5% 2.4% 3.1p.p EBITDA margin 8.8% 6.0% 2.8p.p Net profit margin 3.1% 0.9% 2.2p.p Total assets 598,368 493,660 21.2% Cash and bank balances 39,426 34,211 15.2% Loans and borrowings 115,427 106,415 8.5% Net (debt)/cash (76,001) (72,204) 5.3% Shareholders’ funds 216,145 212,301 1.8% Return on equity 10.4% 2.2% 8.2p.p Earnings per share (cents) 3.66 0.89 311.2% Net assets value per share (cents) 35.15 34.53 1.8% Cash generated from operations 72,020 9,086 692.6% Order intake 990,234 818,721 20.9% Order book 730,597 480,063 52.2% S$’000 Revenue EBIT Geographic Segment 2023 2022 Variance % 2023 2022 Variance % Americas 434,630 319,701 35.9% 8,238 (10,681) N.M Asia Pacific 268,897 218,585 23.0% 29,532 22,235 32.8% Europe/Middle East/Africa 21,524 19,413 10.9% 1,930 2,021 -4.5% Total 725,051 557,699 30.0% 39,700 13,575 192.4% Industry Segment 2023 2022 Variance % 2023 2022 Variance % Energy 324,578 276,786 17.3% 7,858 (3,272) N.M Infrastructure 342,348 219,345 56.1% 27,667 12,435 122.5% Mining & Mineral 58,125 61,568 -5.6% 4,175 4,412 -5.4% Total 725,051 557,699 30.0% 39,700 13,575 192.4%
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