1H FY2010 Results Briefing18 August 2010

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Disclaimer

This presentation and its contents have been reviewed by the Company’s sponsor, CIMB Bank Berhad, SingaporeBranch (“Sponsor”) for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (“SGX-ST”), this being the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified thecontents of this presentation. This presentation has not been examined or approved by the SGX-ST and the SGX-STassumes no responsibility for the contents of this presentation, including the correctness of any of the statements oropinions made or reports contained in this presentation.

The contact person for the Sponsor is Mr Mah Kah Loon, Head, Corporate Finance, CIMB Bank Berhad, SingaporeBranch, 50 Raffles Place, #09-01 Singapore Land Tower, Singapore 048623, telephone (65) 6337-5115

The information in this presentation does not constitute or form any part of an offer, invitation or recommendation tosubscribe for, retain, or purchase any securities in Mencast Holdings Ltd. Information in this presentation, or anythingcontained in it, will not form the basis of any contract or commitment whatsoever. This presentation has beenprepared by Mencast Holdings Ltd. on the information available. No representation or warranty, express or implied, ismade as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions in thispresentation.

This presentation was prepared exclusively for the parties invited for the purposes of discussion and must be viewed inconjunction with the oral presentation provided by the officers of Mencast Holdings Ltd. This presentation does nottake into consideration the investment objectives, financial situation or particular needs of any particular investor. Thereader(s) of this presentation should consult his or her own independent professional advisors about the issuesdiscussed herein. Neither this presentation nor any of its content may be copied or used without the prior consent ofMencast Holdings Ltd.

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Presentation Outline

Group Overview

Financial Review (1H FY2010)

Outlook & Prospects

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Group Overview

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Corporate Profile

Listed on SGX-ST Catalist since 25 June 2008

Engages in two core businesses:

•Sterngear Equipment Manufacturing

•Sterngear Services

Quick Facts:• S$0.20 – S$0.4052-week range

• S$54.2 m

• Price@13/08/10 : S$0.35Market

Capitalization

• Sim Family (63.2%)Substantial

Shareholders

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Sterngear Equipment Manufacturing

• We manufacture and supply a full range of sterngear equipment either as anintegrated package or individual components, as required by our customers

• We are a leading manufacturer in Singapore

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Sterngear Equipment Manufacturing (cont)

Oil-rig Cantilever Skid Plates

CPP hub Assemblies

Impellers, Guide Blocks, Bearings

White-metal Bearings

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Sterngear Equipment Manufacturing (cont)

Kort Nozzle

High-lift Rudder Assemblies

Rudder Blade

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Sterngear Services

• We recondition sterngear equipment, restore and repair worn out or damagedsterngear equipment to make it sea-worthy

• We also refurbish or modify existing equipment to maximize its efficiency and tomeet the vessel’s certification requirements.

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Sterngear Services (cont)

Insitu-boring of Fit Bolt Holes

Twisted and Bent Rudder Stock Repair

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Sterngear Services (cont)B

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Final Calibration and Report

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Operating Locations

Location Remarks Built-Up Area(sqm)

No. 7 Tuas View Circuit Sterngear equipment manufacturing 6,698

No. 12 Kwong Min Road Mainly staff accommodation and storage area 2,946

No. 39 Tuas Avenue 13 Sterngear services (Under Recon Propeller) 1,550

Location Descriptions Site Area (sqm)

TanjongPenjuru Road

Manufacture heavy rudder assemblies and high-end sterngearequipment for the marine and offshore industries

Construction date: 2010Commencement of full operations : 2011

19,266

Under Construction

Completed

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Group Organizational Structure

100% 100%100%

Mencast Holdings Ltd.

Mencast Marine Pte Ltd

Mencast Engineering Pte Ltd

M.B.A. Heavy Industries Pte Ltd *

Mencast Investment Pte Ltd *

Recon Propeller & Engineering Pte Ltd #

100% 100%

* subsidiaries incorporated after IPO# acquisition completed on 23 July 2009

TG Offshore Pte Ltd *

51%

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Milestones

Year Event

1981 • Established business• Manufactured and repaired marine propellers, shaftings and bushings for repair fishing and

bum boats

1993 • Extended operations into the manufacturing and repairing of sterngear equipment for

tugboats, ferries and standby vessels

2001 • Extended capabilities to provide a full range of sterngear equipment and services for local

and regional shipyards and ship owners.

2002 • Moved manufacturing operations from Choa Chu Kang Road to No. 7 Tuas View Circuit

2005 • Centrifugal casting, became supplier of HRP Asia Pte Ltd

2006 • Became supplier for Berg Propulsion Group

2007 • Introduced computerized machines moving towards automation• Became supplier for Becker Marine Systems

2008 • Listed on SGX Catalist

• Acquired a new plant located at No. 12 Kwong Min Road

2009 • Acquired Recon Propeller and Engineering Pte Ltd and the business of Denfon Engineering

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Financial Review: 1H FY2010

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Revenue: Trend & Breakdown

(all in S$’000)

FY2005 - FY2009:23% CAGR

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Profitability

FY2005 - FY2009:38% CAGR

FY2005 - FY2009:78% CAGR

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1H FY2010: Income Statement

S$’ 000 1H FY2010 1H FY2009 Change (%)

Remarks

Revenue 15,161 14,017 8.2

• higher revenue from sterngear services with contributions from newly acquired Recon Propeller & Eng.and the business of DenfonEng.

• lower revenue from sterngear manufacturing as shipbuilding industry remained sluggish

Gross Profit 8,553 7,128 20.0 • higher GP mainly from sterngear services

Gross Profit Margin 56.4% 50.9% - • better margins in sterngear services

Net Profit Attributable to Equity Shareholders

4,807 4,007 20.0

Net Profit Margin 31.7% 28.6% -

EPS (cents) 3.10 2.72 14.0

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1H FY2010: Financial Position

S$’ 000 30 June 2010 31 Dec 2009

Cash and bank balances 7,803 12,706

Non-current assets 28,126 27,164

Total assets 51,620 48,548

Total debts 8,897 10,753

Total Equity 31,392 28,136

Net gearing ratio 3.5% Net Cash

NAV per share (cents) 20.2 18.1

Maintains very low gearing

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1H FY2010: Cash Flows

Cash Flow1H2010S$’ 000

1H2009S$’ 000

Change (%)

Remarks

Net cash generated from operating activities

471 2,406 (80.4)• increase in trade and other receivables

Net cash used in investing activities (1,733) (1,450) 19.5• higher purchase of property, plant and equipment

Net cash from/ (used in) financing activities (3,641) 820 -• payment of dividend

• repayment of borrowings

Net increase/ (decrease) in cash and cash equivalents (4,903) 1,776 -

Cash & cash equivalents at beginning of period 12,706 8,107 56.7

Cash and cash equivalents at end of period 7,803 9,883 (21.0)• cash outflows from both investing and financing activities

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Outlook & Prospects

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Business Outlook

Sterngear Equipment Manufacturing

• Demand for new shipbuilding orders remain slow

• Focus on increasing efficiency and productivity on existing order bookdeliveries

• Order book of S$8.2 million as at 30 June 2010

Sterngear Services

• Worldwide mobile propeller services

• Increasing world fleet

• Recurring and mandatory requirements to maintain sea worthiness ofvessels and comply with relevant requirement of classification societies

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Growth Drivers

Business Strategies and Future PlansDuring IPO

Post IPO Up-date

Expand facility in Singapore

• New facility at No. 12 Kwong Min Road operational in December 2008 and extension of Tuas plant

• Lease of waterfront land at Tanjong Penjuru Road

Establish new bases to facilitate expansion of our geographical coverage

• Looking out for opportunities in China, Indonesia and Vietnam• With our international exposure as a sterngear manufacturer &

service provider, we have the technical know-how to meet the growing needs of our European customers in Asia

Expand core business through acquisitions, joint-ventures or strategic alliances

• Acquisitions of Recon Propeller and the business of DenfonEngineering, plus TG Offshore JV

• Strategic Alliance with Becker Marine Systems and MachinefabriekAmersfoort

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Waterfront Facility: Update

Land at Tanjong Penjuru Road (approx. 2 ha, 150m waterfront)

• To establish a manufacturing plant to manufacture heavy rudder assemblies andhigh-end sterngear equipment for the marine and offshore industries in the AsiaPacific region

• 2011: fully operational

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Strategic Alliance with Becker Marine

Strategic Alliance with Becker Marine Systems

• To capture new customers from Korea, Japan and China

• Mencast is the preferred manufacturer of heavy rudder assemblies and high-endsterngear equipment in Asia

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Growth in Sterngear Services

Acquisitions of Recon Propeller and the business of DenfonEngineering

• To capture new market opportunities

• To leverage on the growth potential of sterngear services globally (particularly inthe Asia Pacific region)

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Growth in Sterngear Services

Worldwide Mobile Propeller ServicesWe have mobile service teams ready to bedeployed at minimal notice undertakinginspection and repair globally

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TG Offshore Joint Venture

Formation of TG Offshore JV with Top Great Engineering & MarinePte Ltd on 3 February 2010 (Mencast holds 51% of the JV)

• Top Great Engineering is involved in fabrication and Installation for on-shore /offshore projects, and also provision of engineering services

• Capabilities of TG Offshore:

(a) Repair of ships, tankersand other ocean-goingvessels

(b) Construction and repairof engines, boilers andmachinery

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Group’s Vision

Medium Term

Asia’s leading one-stop service hub for sterngear manufacturing andservices, headquartered in Singapore with multiple service hubs in theregion

Transfer to SGX Mainboard

Long Term• One of the leading sterngear service providers for major shipping

lines• Servicing centres and manufacturing plants in growing market eg.

China & India

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MENCAST HOLDINGS LTD.

No. 7, Tuas View Circuit, Singapore 637642

www.mencast.com.sg

Investor Relations Contact

Financial PR Pte Ltd

Romil Singh / Kathy Zhang

6438 2990/ romil@financialpr.com.sg

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