Sia Engineering Co. Ltd. · SGX:S59
Sia Engineering — Shareholder Meeting (July 2021)
9 slides from Sia Engineering's shareholder meeting presentation, Jul 23, 2021
Slide 1: Annual General Meeting
Annual General Meeting 23rd July 2021
Slide 2: Recap of FY20/21
Recap of FY20/21 Toughest year since listing due to impact of COVID-19 • Flights handled at Changi hit a historical low • Work volume at our hangars and Joint Ventures dropped significantly • Considerable reduction in expenditure could not fully offset revenue loss
Slide 3: Looking Ahead
Looking Ahead The worst of the aviation industry’s COVID-19 downturn may be behind us Flights Handled by Line Maintenance 3,500 23% of pre-COVID-19 3,000 2,500 2,000 1,500 10% of pre-COVID-19 1,000 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21
Slide 4: Outlook
Outlook Recovery amidst uncertainty Global Revenue Passenger Kilometers (RPKs) • COVID-19 vaccination gathering pace Departures • Increase in vaccine manufacturing capacity and supply • Restart of international air travel through travel bubbles • Stark gap in vaccination levels between different cou
Slide 5: Our Response
Our Response Emerging stronger and more resilient Tighten Cost Workforce Safety Reshape Our Pursue New Measures & Upskilling Portfolio Opportunities • Cuts in Management • Lean and digital training • Acquired full ownership of • Set up new Engine salaries and Directors fees • Rostered Routine Testin
Slide 6: Strategic Partnerships – JV Portfolio
Strategic Partnerships – JV Portfolio 23 JVs Across 7 Countries (Total Revenue in FY20/21: S$4B) Airframe and Line Maintenance Engine and Component SIA Engineering PT JAS Aero- Singapore Aero Engine Component Aerospace SIA Engineering Japan Engineering Services Eagle Services Asia (USA) Services Sin
Slide 7: Accelerating Pace of Transformation
Accelerating Pace of Transformation Transformation Phase 2 Power Up with Lean Power Up with Digital o More than 20% improvement and Technology in turnaround time Planned o Launch core digital applications o Scale up to over 20 projects investments of o Progress on major platform o Enterprise wide im
Slide 8: Engineering a Sustainable Future
Engineering a Sustainable Future Responsible business practices to drive positive change in the community Installed solar photovoltaic system To provide up to 20% of electrical energy needs Expected to reduce 2,594 tonnes of CO2e annually Green building Hangar 2 achieved BCA Green Mark Platinu
Slide 9: Thank You
SIA ENGINEERING company
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