SEMBCORP FY2010 NET PROFIT GROWS 16% TO S$792.9 MILLION

SINGAPORE, February 25, 2011 – Sembcorp Industries (Sembcorp) delivered a strong performance in 2010, reporting a 16% growth in net profit attributable to shareholders of the Company (net profit) for the full year 2010 (FY2010). Group net profit was S$792.9 million compared to S$682.7 million, while turnover was S$8.8 billion compared to S$9.6 billion in FY2009

Highlights from Sembcorp’s FY2010 Financial Results


• Turnover of S$8.8 billion, down 8%

• Net profit before EI of S$760.8 million, up 11%

• Net profit after EI of S$792.9 million, up 16%

• ROE at 22.2%

• EVA at S$809.4 million

• Strong balance sheet and cash flow

- Net cash position

- Operating cash flow (before changes in working capital) of S$1,440.2 million

• Proposing final tax exempt one-tier dividend of 17.0 cents per ordinary share, comprising an ordinary dividend of 15.0 cents and a bonus dividend of 2.0 cents, up 13%