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  • WE SYNERGISED

  • PESTECH International Berhad

  • 02 CORPORATE PROFILE

    03 FINANCIAL HIGHLIGHTS

    04 CORPORATE INFORMATION

    05 CORPORATE STRUCTURE

    06 MAIN BUSINESS SEGMENT

    09 THE POWER TEAM

    10 GLOBAL PRESENCE

    11 BOARD OF DIRECTORS

    12 PROFILE OF DIRECTORS

    15 PROFILE OF GROUP MANAGEMENT TEAM

    16 EXECUTIVE CHAIRMAN AND GROUP CEO JOINT STATEMENT

    19 OPERATION AND PERFORMANCE

    24 CORPORATE SOCIAL RESPONSIBILITY

    27 CORPORATE GOVERNANCE STATEMENT

    35 AUDIT COMMITTEE REPORT

    38 STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL

    42 DIRECTORS RESPONSIBILITY STATEMENT

    43 ADDITIONAL COMPLIANCE INFORMATION

    44 FINANCIAL STATEMENT

    133 ANALYSIS OF SHAREHOLDINGS

    136 LIST OF PROPERTIES

    137 NOTICE OF ANNUAL GENERAL MEETING

    PROXY FORM

    CONTENTSCONTENTS

    M

    27 CORPORATE GOVERNANCE STATEMENT

    35 AUDIT COMMITTEE REPORT

    38 STATEMENT ON RISK MANAGEMENT ANDINTERNAL CONTROL

    42 DIRECTORS RESPONSIBILITY STATEMENT

    43 ADDITIONAL COMPLIANCE INFORMATION

    44 FINANCIAL STATEMENT

    133 ANALYSIS OF SHAREHOLDINGS

    136 LIST OF PROPERTIES

    137 NOTICE OF ANNUAL GENERAL MEETING

    PROXY FORM

  • Annual Report 20162

    CORPORATE PROFILE

    Introduction

    PESTECH International Berhad (PESTECH) (Company No.: 948035-U) is a Malaysian integrated electrical power technology group of companies listed on the Main Market of Bursa Malaysia (stock code: PESTECH 5219) since 2012.

    The Company derived its name from Power System Technology and involves in four (4) major business segments:-

    1. Power Transmission Infrastructure and Products2. Power Generation and Rail Electrification 3. Built and Operate of Transmission Asset 4. Embedded System Software and Product

    Development

    Founded in 1991, PESTECH Sdn Bhd, its wholly owned subsidiary has slowly gained industry experience and has grown progressively to an established integrated electric technology company with products and services that not only cater for local market but across the regions. To-date, the Company successfully expands its market share into 19 countries such as Cambodia, Papua New Guinea, The Philippines and Ghana with growing number of other countries consistently.

    The Company involves in engineering, design, manufacturing, installation and commissioning of electrical power facilities. We continue invest in state-of-the-art machines and technology. The Company continues to implement high quality standards in the day-to-day operations, where the importance of traceability, consistency and reliability are emphasised throughout the entire organisation. In every project, goals are achieved by focusing on In effectiveness we serve, in efficiency we deliver and in excellence we achieve. By taking full advantage of PESTECH engineering service, customers are able to achieve cost optimization and improve efficiency while ensuring the reliable operation of their power systems.

    PESTECHs direction continues to focus on expanding its market share to emerging and developing countries with high demand of electrical power facilities. With the strong uphold of the Companys Vision to be Consistently Dependable and Value Add, PESTECH is confident that we will continue be the system solution provider of choice.

  • PESTECH International Berhad 3

    517,551

    113,604

    104,142

    69,876

    394,822

    80,423

    73,144

    54,833

    1.7.2015 - 30.6.2016 1.1.2014 - 30.6.2015

    RM000 RM000

    Revenue

    EBIT

    PBT

    Profit for the year attributable to equity

    PROFITABILITY

    731,462

    93,297

    342,149

    330,623

    508,375

    92,897

    238,601

    187,615

    Total Assets

    Share Capital

    Shareholders equity

    Total Bank Borrowings

    BALANCE SHEET

    24%

    16%

    97%

    12.01

    33%

    15%

    79%

    12.33

    3.00

    37.53

    183.49

    186,472

    186,593

    9.00

    39.42

    163.89

    142,584

    185,794

    Gross Dividend per share (sen)

    Earnings per share (sen)

    Net Assets per share (sen)

    Weighted average number of ordinary shares in issue

    No. of share

    SHARE INFORMATION

    ROE

    ROTA

    Gearing Ratio

    Interest Cover (times)

    FINANCIAL RATIO

    FINANCIAL HIGHLIGHTS

  • Annual Report 20164

    CORPORATE INFORMATION

    BOARD OF DIRECTORS

    Lim Ah Hock(Executive Chairman)

    Paul Lim Pay Chuan(Executive Director/Group CEO)

    Ibrahim Bin Talib(Senior Independent Non-Executive Director)

    Tan Puay Seng(Independent Non-Executive Director)

    Khoo Kiak Kern(Independent Non-Executive Director)

    COMPANY SECRETARIES

    Teh Bee Choo(MIA 7562)

    Chua Siew Chuan(MAICSA 0777689)

    Pan Seng Wee(MAICSA 7034299)

    AUDITORS

    SJ Grant Thornton (AF: 0737)(Member of Grant ThorntonInternational Ltd)Chartered AccountantsLevel 11, Sheraton Imperial CourtJalan Sultan Ismail50250 Kuala LumpurTelephone No.: (03) 2692 4022

    REGISTERED OFFICE

    Level 7, Menara MileniumJalan DamanlelaPusat Bandar DamansaraDamansara Heights50490 Kuala LumpurTelephone No.: (03) 2084 9000

    HEAD OFFICE

    No. 26, Jalan Utarid U5/14Seksyen U540150 Shah AlamSelangor Darul EhsanTelephone No.: (03) 7845 2186Website: www.pestech-international.com

    PRINCIPAL BANKERS

    Alliance Bank BerhadAmIslamic Bank BerhadBank Islam Malaysia BerhadBank Muamalat Malaysia BerhadCIMB Bank BerhadCIMB Islamic Bank BerhadCitibank BerhadExport-Import Bank of Malaysia BerhadHong Leong Bank BerhadHSBC Amanah Malaysia BerhadHSBC Bank (Malaysia) BerhadIndustrial and Commercial Bank of China LimitedMalayan Banking BerhadOCBC Bank (Malaysia) BerhadStandard Chartered Bank Malaysia Berhad

    SHARE REGISTRAR

    Securities Services (Holdings) Sdn BhdLevel 7, Menara MileniumJalan DamanlelaPusat Bandar DamansaraDamansara Heights50490 Kuala LumpurTelephone No.: (03) 2084 9000Facsimile No.: (03) 2094 9940

    STOCK EXCHANGE LISTING

    Bursa Malaysia Securities Berhad(Bursa Malaysia): Main MarketName & Code: PESTECH & 5219

    SOLICITOR

    Lo Chambers Advocates & Solicitors

  • PESTECH International Berhad 5

    CORPORATE STRUCTURE

    100% PESTECH Engineering Technology China Co. Ltd.

    100% PESTECH Power Sdn Bhd

    60% Diamond Power Ltd.

    100% PESTECH (Sarawak) Sdn Bhd

    100% PESTECH Sdn Bhd

    100% Enersol Co. Ltd.

    100% Fornix Sdn Bhd

    100% Forward Metal Works Sdn Bhd

    100% PESTECH (Cambodia) Ltd.

    100% PESTECH Transmission Ltd.

    90% PESTECH (Brunei) Sdn Bhd

    50% Tajri-PESTECH JV Sdn Bhd

    100% PESTECH Switchgear Sdn Bhd

    100% PESTECH Technology Sdn Bhd

    100% Xcell ATS (M) Sdn Bhd

    51% SystemCORP Embedded Technology Pty Ltd

    PESTECH International BerhadP

  • Annual Report 20166 Annual Report 20166

    POWER TRANSMISSION INFRASTRUCTURE & PRODUCTS

    MALAYSIA PESTECH (Sarawak) Sdn Bhd PESTECH Sdn Bhd PESTECH Switchgear Sdn Bhd Tajri-PESTECH JV Sdn Bhd Xcell ATS Sdn Bhd

    ABROAD Enersol Co. Ltd. PESTECH (Brunei) Sdn Bhd PESTECH (Cambodia) Ltd. PESTECH Engineering Technology China Co. Ltd. PESTECH Transmission Ltd.

    POWER GENERATION & RAIL ELECTRICFICATION

    PESTECH Technology Sdn Bhd

    BUILT AND OPERATEOF TRANSMISSION ASSET

    PESTECH Power Sdn Bhd Diamond Power Ltd.

    EMBEDDED SYSTEM SOFTWARE ANDPRODUCT DEVELOPMENT

    SystemCORP Embedded Technology Pty Ltd

    MAIN BUSINESS SEGMENT

  • PESTECH International Berhad 7

    MAIN BUSINESS SEGMENT (contd)

    POWER TRANSMISSION INFRASTRUCTURE & PRODUCTS

    The power transmission infrastructure & products business segment offers the design, engineering, manufacturing, installation, testing and commissioning of high voltage (HV) and extra high voltage (EHV) substations, transmission lines, underground cables and equipment for build up of a fully integrated electricity transmission infrastructure. We extend to our customers a wide variety of tested solutions, combining the broad experience and expertise of our highly-skilled crew to handle a diversity of projects and ensure their delivery within the promised targets and deadlines. This wealth of collective knowledge and skill fuels PESTECHs drive and passion to excel in the industry.

    To further enhance its project execution capability, PESTECHs in-house civil engineering team is able to coordinate, design, manage and construct the civil structure aspects of our entire project to effectively house electrical equipment in compliance with the relevant electrical and safety requirements.

    Our power transmission control and protection system products are used by numerous energy utility companies and high-energy-usage industrial customers for robust substation automation and real-time device integration applications. PESTECHs unique capabilities encourage customers to take maximum advantage of these standards and empower them to use latest technology in a way that is most complementary to their other business operations.

    POWER GENERATION AND RAIL ELECTRIFICATION

    PESTECHs power generation and rail electrification division was established in 2014 and mainly involves in power system automation and electrical services for power plant and rail industries. The division adds value to overall Groups performance by engaging in projects involving management and engineering for combined cycle, thermal, hydro, and solar power plant. Its service offerings include high-knowledge-based system integration for power plant automation system, distributed control system, power