Sia Engineering Co. Ltd. · SGX:S59
Sia Engineering — Shareholder Meeting (July 2023)
11 slides from Sia Engineering's shareholder meeting presentation, Jul 20, 2023
Slide 1: Annual General Meeting – Presentation by CEO
ANNUAL GENERAL MEETING Presentation by CEO 20 July 2023
Slide 2: FY22/23 At a Glance
FY22/23 At a Glance FY21/22 FY22/23 Variance Revenue ($M) 566.1 796 229.9 (41%) Turnaround in GPAT Excluding wage support and tax write-back • Improvement of ~$102 M GPAT ($M) -47.4 55.2 102.6 • Worst of the pandemic behind us Revenue growth achieved across all Profit Margin -8.4% 6.9% 15.3 ppts
Slide 3: Outlook
Outlook 100.0% FY21/22 1H FY22/23 2H FY22/23 Q1 FY23/24 90.0% 87% 79% 80.0% Total Flights handled by SIAEC 70.0% Line Maintenance (% of pre-Covid 63% levels) 60.0% 50.0% 40.0% 38% 30.0% 27% 22% 20.0% Flight Volume (FY21/22) Flight Volume (1H FY22/23) Flight Volume (2H FY22/23) Flight Volume (1Q FY23
Slide 4: Outlook
Outlook Pace of recovery remains uncertain - Slower rate of recovery expected in FY23/24 - Airlines remain constrained by crew shortages and aircraft delivery delays - OEM supply chain issues impeding production rates Macroeconomic factors - Geopolitical tensions and supply chain disruptions - High
Slide 5: Near Term Priorities
Near Term Priorities Remaining vigilant and prudent in Stepping up from Transformation to managing increase in costs Continuous Improvement Seeking investment opportunities for growth development
Slide 6: Emerging Stronger
Emerging Stronger Strategies that have strengthened SIAEC Restructuring of JV Portfolio Transformation and Capacity Creation Growth Beyond Recovery
Slide 7: Strategic Partnerships – JV Portfolio
Strategic Partnerships – JV Portfolio Reshaping and strengthening JV portfolio in alignment with growth strategies Exiting JVs - Line Maintenance Partnership (Thailand) (LMPT) - Heavy Maintenance Singapore Services (HMSS) - Aviation Partnership (Philippines) Corporation (APPC) - Asian Surface Techno
Slide 8: Transformation Dividends
Transformation Dividends Fruits of our labour Boost Competitiveness Create Value for Customer and Staff Strengthen Organisational Capabilities • 15 – 20% improvement in • Increased aircraft availability for airlines • Enhanced Lean and Digital aircraft check turnaround time • Reduction of waste and
Slide 9: Gearing Up for Growth
Gearing Up for Growth Capturing growth beyond recovery Line Maintenance Base Maintenance Component Services Engine Services • Expansion of Line • Expanding Base Maintenance • Acquired 75% stake in • Opened our engine Maintenance International footprint overseas with the Asia Pacific Aircraft Quick T
Slide 10: Sustainability
Sustainability Medium-term target of halving Scope 1 and 2 carbon emissions by 2030 Long-term target of achieving net zero carbon emission by 2050 Investing in energy-efficient equipment and Expanding use of renewable energy cleaner vehicles • Installation of additional solar panels to • Progres
Slide 11: Thank you
SIA ENGINEERING cOmPANY Thank you SIA ENGINEERING Company %
SIA Engineering Company — Shareholder Meeting (July 2023) on 6ix