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BAKERTECHNOLOGYlimited
ANNUAL REPORT 2015
RISKMANAGEMENTANDMITIGATION
FOCUSONSUSTAININGLONGTERMVALUE
Spearheading the Investor Relations (“IR”) team, is the Chairman of
the Board, Mr Lim Ho Seng. Mr Lim has been actively involved in the various
interactions and communication channels between stakeholders, shareholders
and the investment community. Using various communication platforms, the
IR team is able to actively reach out to analysts, fund managers and potential
investors. In addition, theGroup is able to engage themedia and the investment
community through timely news releases and the announcement of theGroup’s
financial resultsaswell asproviding regular updates.
Baker Tech is committed to creating sustainable value for its stakeholders.
Therefore, to continue building on the rapport and to reinforce long term
relationshipswith the investmentcommunity, the IR teamaddressesallconcerns
andenquiriesraisedthroughmeetings,conferencecallsoremailsonaregularbasis.
At the Group’s Annual General Meeting, shareholders were able to raise their
enquiries and concerns with the Chairman, CEO, Board of Directors as well as
key executiveswhowerepresent during themeeting.
To better provide both the investment community and the public with latest
developmentswithin theGroup, the IR team regularlypost updateson its various
online platforms such as on Baker Tech’s corporate website (
.
com.sg)or through itssubsidiaries’onlineplatforms.Theseonlineplatformsalso
provide the investment communitywithacommunicationchannel to the IR team.
INVESTORRELATIONS
RECOGNITIONANDAWARDS
Baker Tech continues to uphold its transparency and accountability and coupled
with its proactive IR approaches and commitment, Baker Tech was once again
recognised for itsdisclosuresandpresentations in itsannualreportandfinancials
withanaward forBest Annual Report (Bronze) in theunder $300millionmarket
capitalisation category at theSingaporeCorporateAwards2015.
TheGroupmaintains an enterprise riskmanagement frameworkwhich identifies critical andmajor risks of
itsoperatingunitsandeffectivelymitigates significant exposures topotential perils.
Strategic risks and opportunities are routinely reviewed to ensure that the Group remain resilient amidst
adversity, while safeguarding stakeholders’ interests and the Group’s assets to deliver sustainable value to
shareholders.
INDUSTRY-RELATEDRISKS
In 2015, oil prices continued to trend lower as the huge overhang in production and stored supplies resulted
in a 20-month rout that has seen prices fall by 70% sincemid-2014. Anaemic global economy growth and
protracteddownturn in thesectorhas forcedmanycompanies tomakeextensivecapital expenditureandcost
reductions, especially inoil exploration.
In a period fraught withuncertainties, theGroup’s capital structureprovides sufficient liquidity for theGroup
tomeet the challenges of 2016. TheLiftboatmarket remains under-penetrated inSoutheast Asia, withmore
platforms requiring upgrading, maintenance and replacement, hence providing more opportunities for the
Group toexplore.
