Sats Ltd · SGX:S58
Sats — Shareholder Meeting (September 2020)
10 slides from Sats's shareholder meeting presentation, Sep 24, 2020
Slide 1: 47th Annual General Meeting
<Restricted> 47th Annual General Meeting 24 September 2020 <Restricted>
Slide 2: Growth Disrupted by COVID-19
<Restricted> Growth Disrupted by COVID-19 Full-Year FY20 & 1QFY21 Operating Statistics Flights Handled Meals Served Passengers Handled Cargo Tonnage Number of Employees In Thousand In Million In Million In Million Tonnes Number 1.9 1.8 17K 17K 351.4 82.5 84.6 59.9 213.2 76.1 FY19 FY20 FY19 FY20 FY19
Slide 3: Quarterly Revenue & 1QFY21 OPEX
<Restricted> Quarterly Revenue & 1QFY21 OPEX Revenue YoY:-$255.7M Operating Expenditure YoY: -$162.9M S$M S$M Y-O-Y Growth 545.6 497.4 $136.9M $7.1M $1.4M $18.9M $2.8M $12.8M 465.1 433.1 233.4 209.4 96.5 63.6 62.2 33.5 26.4 41.4 19.7 22.5 28.6 22.4 3.5 1Q20 2Q20 3Q20 4Q20 1Q21 Staff Costs D&A Raw Li
Slide 4: Financial Summary
<Restricted> Financial Summary Full-Year FY20 1Q FY21 S$1,941.2M S$3,009.8M S$209.4M S$3,189.2M Revenue Total Assets Revenue Total Assets YoY: +6.2% YoY: +25.0% YoY: -55.0% QoQ: +6.0% S$168.4M S$1,805.5M S$(43.7)M S$1,755.4M PATMI Total Equity PATMI Total Equity YoY: -32.2% YoY: -0.6% YoY: -180.0% Q
Slide 5: Strong Cash Reserves
<Restricted> Strong Cash Reserves 0.39* Cash Reserves Debt-to-Equity Ratio (times) S$549M As at 31st March 2020 the Company has a net cash position, with total cash held at S$549M, including 0.07 0.07 0.07 0.06 aggregate bank loans & notes of S$415M FY16 FY17 FY18 FY19 FY20 Free Cash Flow & Dividend
Slide 6: Share Price Impacted by COVID-19
<Restricted> Share Price Impacted by COVID-19 Share price (S$) Index (2014=100) $7.00 250 $6.00 Share price (S$) 200 $5.00 150 $4.00 Share price performance (2014=100) [RHS] $3.00 100 $2.00 STI performance (2014=100) [RHS] 50 $1.00 $0.00 0 Dec 14 Dec 15 Dec 16 Dec 17 Dec 18 Dec 19 21 Sep 20 SATS sha
Slide 7: Aviation Volumes Staying Lower for Longer
<Restricted> Aviation Volumes Staying Lower for Longer Air Passenger Volume ____________________ 7 <Restricted>
Slide 8: Air Cargo Expected to Remain Resilient
<Restricted> Air Cargo Expected to Remain Resilient Adjacent growth opportunities for SATS in pharma, perishables & eCommerce Demand for air cargo is more robust than air travel New Customers ____________________ 8 <Restricted>
Slide 9: Serving Increased Demand for Ready-to-Eat Meals
<Restricted> Serving Increased Demand for Ready-to-Eat Meals Ready-to-Eat Meals in Asia: 2020E YoY Market Growth: +32% ____________________ 9 <Restricted>
Slide 10: Expanding Central Kitchens for Foodservice Chains
<Restricted> Expanding Central Kitchens for Foodservice Chains Addressable Consumer Foodservice Market (S$B) 19.7 15.5 1.9 1.3 2017 2023 2017 2023 FSRs Asian FCRs Western FCRs Cafes/Bars Pizza Theme Parks Convenience ____________________ Source: Euromonitor; GlobalData; Expert interviews; Bloomberg;