Singapore Technologies Engineering Ltd · SGX:S63
Singapore Technologies Engineering — Merger or Acquisition (September 2018)
13 slides from Singapore Technologies Engineering's merger presentation, Sep 13, 2018
Slide 1: Analyst and Media Briefing on the Proposed Acquisition of MRA Systems, LLC
Analyst and Media Briefing on the Proposed Acquisition of MRA Systems, LLC 13 September 2018
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: Transaction Highlights
Transaction Highlights Entered into a conditional membership interest purchase agreement to acquire 100% ownership in Transaction MRA Systems, LLC (MRAS) from General Electric Company Description MRAS is an established manufacturer of engine nacelle systems with a number of single-source contrac
Slide 4: Strategic Rationale
Strategic Rationale • Move upstream into adjacent business • Acquire technology, intellectual properties & spare parts business • Move into advanced composite OEM products OEM (Design, manufacturing & spare parts) Floor panel MRO (Services) 4 |
Slide 5: What is an Engine Nacelle?
What is an Engine Nacelle? An engine nacelle is the casing that houses an aircraft engine, providing efficient aerodynamics during flight and thrust reversal capabilities. It is one of the first aerostructures to exploit the use of composite material. Major nacelle components Exhaust Plug Exhaus
Slide 6: Who is MRAS?
Who is MRAS? Middle River Baltimore, Maryland Established OEM Designs, develops, manufactures and sells of Engine Nacelle nacelle systems Systems Provides replacement parts Has 90 years of development and World-class manufacturing expertise in nacelle system Design and Owns IPs and patents f
Slide 7: Key Technologies
Examples of IPs and Patents Owned by MRAS Composite materials — Hidden Blocker Door Electric and directed Low drag acoustic Automated Fiber thrust reverser flow anti-ice systems liners Placement Key Technologies Benefits Reduced specific fuel Productivity and Key consumption capacity improveme
Slide 8: Nacelle – Strong Growth Market
Nacelle – Strong Growth Market With every aircraft engine requiring a nacelle system, the nacelle manufacturing business will grow as the global aircraft fleet expands. Global Air Traffic forecasted to grow …resulting in 37,390 aircraft to be ….with the majority being at 4.4% p.a. going forward… add
Slide 9: MRAS Positioned to Benefit from A320neo LEAP-1A Programme Contract
MRAS Positioned to Benefit from A320neo LEAP-1A Programme Contract • As a single-source nacelles provider for A320neo using LEAP-1A engines, MRAS is in a strong position to benefit from A320neo fleet growth, which has 57% of present narrowbody aircraft orders. Present narrowbody aircraft orders A320
Slide 10: MRAS' Single-Source Nacelles Programme Contracts
MRAS’ Single-Source Nacelles Programme Contracts Aircraft Engine 2018 OEM OEM A320neo Next-gen C919 Next-gen ARJ21 Next-gen 7000/8000 747-8 A330 Mature 767 ERJ-190 10 |
Slide 11: Synergies in MRO for Nacelle Systems
Synergies in MRO for Nacelle Systems • Attractive segment in the components MRO market with estimated US$2.4b market size by 2025 • Synergies can be created with ST Engineering’s MRO capabilities and global network, and by building more shop-level repair capacity and growing on-wing support network
Slide 12: Conclusion
Conclusion Robust integration plan in place Subject to regulatory approvals and conditions that include, inter alia, receipt of clearance from the Committee on Foreign Investment in the United States and anti-trust approvals in the United States, France and Brazil. 12 |
Slide 13: Q&A
KZ p aS | ys S ee ri Q&A
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