statistics
Journal
operating review
statistics
Journal
operating review
43
BAKER TECHNOLOGY LIMITEDANNUAL REPORT 2012
42
BAKER TECHNOLOGY LIMITEDANNUAL REPORT 2012
Revenue contribution from the Chinese market for the
Group’s products grew64% last year and accounted for
77% of Group revenue in FY2012. In the last two years,
theChinesemarket has been agrowthmarket for us; the
Chinese government is encouraging its local shipyards
to move into the offshore business and is targeting 20%
of the global market for rigs, production facilities and
other offshoreproducts by2015, according to theChina
Association of theNational Shipbuilding Industry.
The strong contribution from the Chinese market was
partially offset by lower sales to the Asia Pacific region
(excludingChina and Singapore) and theMiddle East.
Jacking systems and specialised steel components made
up 80% of 2012 revenue (2011: 79%), followed by
crane and skidding systems at 19% (2011: 20%).
TheGroup’s operating environment was difficult in2012
as the prolonged Euro crisis, the US fiscal cliff and the
tight credit markets continued to weigh heavily on the
industry. Net orderbook eased throughout the year,
especially in the secondhalf of2012.Asat 31December
2012, the net order book stood at US$49million. These
orders are expected to be completed within the next 12
to 18months.
The current net order book is largely made up of orders
for jacking systems and specialised steel components
andmostly originating fromChina customers.
revenuebyGeographicalarea
revenuebyproduct
netorderbook (US$million)
mar
2011
jun
2011
sep
2011
dec
2011
mar
2012
jun
2012
sep
2012
dec
2012
US$
57M
US$
60M
US$
64M
US$
67M
US$
49M
US$
102M
US$
79M
US$
80M
netorderbook
bygeographicalarea
netorderbook
byProduct
Jackingsystems&specialisedsteelcomponents
Crane & skidding systems
21%
2011
2011
2012
2012
79%
77%
1%
1%
80%
1%
79%
57%
20%
20%
19%
19%
19%
4%
3%
21%
70%
9%
Middle East
Middle East
China
China
Crane &
Skidding
systems
Crane &
Skidding
systems
Singapore
Singapore
Jacking systems &
Specialised steel
components
Jacking systems &
Specialised steel
components
Asia Pacific
(excludingChina
and Singapore)
Asia Pacific
(excludingChina
and Singapore)
Others
Others
China
Singapore
Asia Pacific
(excludingChina
and Singapore)
