10 slides from Singapore Technologies Engineering's earnings presentation, Nov 10, 2021
Slide 1: 3Q2021 Market Updates
3Q2021 Market Updates 10 November 2021
Slide 2: Disclaimer
Disclaimer The forward-looking statements in this presentation reflect the Company's current intentions, plans, expectations, assumptions and beliefs about future events. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a res
Slide 3: Agenda
Agenda Group Highlights • 3Q2021 contract wins • 3Q2021 order book • Balance sheet strength Commercial Aerospace business updates Summary
Slide 4: Notable contract wins in 3Q2021
Group Highlights Notable contract wins in 3Q2021 Credit: Royal New Zealand Navy P2F: Order of 18 units of IoT: AGIL Smart Lift Rail solutions: A renewal Naval ship repair: A320/A321 P2F from Monitoring Solution programme to modernise Refurbish and deep level BBAM, an aircraft lessor contract to digi
Slide 5: >$1.82b new contracts secured in 3Q2021
Group Highlights >$1.82b new contracts secured in 3Q2021 3Q2021 Highlights Commercial $1.03b • 5-year component MBHTM contracts from Japan Airlines • 5-year CFM56-7B engine MRO contract from Alaska Airlines Aerospace • 4-year airframe maintenance contract for Asia LCC; and 3-year airframe heavy main
Slide 6: Robust order book
Group Highlights Robust order book • Order book exceeded $18b Order book ($b) • $1.9b expected to be delivered in the remaining months of 2021 18.2 16.8 15.7 15.4 Dec 2020 Mar 2021 Jun 2021 Sep 2021 6 |
Slide 7: Balance sheet remains strong
Group Highlights Balance sheet Diverse funding remains strong sources Credit rating US$1.5b post-TransCore announcement U.S. Commercial Paper programme • Moody’s: Aaa (outlook negative)1 • S&P: AAA (credit watch S$5b negative)1 Multicurrency Medium Term Note programme Note: 7 | 1 Moody’s and S&P pub
Slide 8: Recovery in Commercial Aerospace business
Commercial Aerospace Business Updates Recovery in Commercial Aerospace business • International flights to help drive greater MRO recovery Commercial Aerospace • Capacity utilisation rate at 80% segment revenue ($m) in 3Q2021 vs two-thirds in 781 1H2021 +20% +27% • Demand for P2F continues to -29% 6
Slide 9: Summary
Summary • Strong contract win momentum: $1.82b1 in 3Q2021; >$5.19b1 in 9M2021 • Robust order book at $18.2b • Business updates: • PTF capacity expansion to more sites in progress • Chip shortage impacted IoT, satcom and specialty vehicle LOBs • Defence and public security projects on track • On targ
Slide 10: Thank you
£"6 ST Engineering Thank you