Singapore Technologies Engineering Ltd · SGX:S63
Singapore Technologies Engineering — Shareholder Meeting (April 2022)
18 slides from Singapore Technologies Engineering's shareholder meeting presentation, Apr 21, 2022
Slide 1: 25th Annual General Meeting
25th Annual General Meeting Presentation by Vincent Chong Group President & CEO 21 April 2022
Slide 2: Our Aspiration and Corporate Purpose
Recap Our Aspiration and Corporate Purpose Our Aspiration To become a global Build global scale and success technology, defence and engineering powerhouse Strengthen Core Businesses Our Corporate Purpose Pursue Growth Opportunities Harness technology and • Smart City innovation to enable a more • In
Slide 3: Balanced Results Despite Pandemic Challenges
2021 In Review – Financial Overview Balanced Results Despite Pandemic Challenges Revenue (S$b) Net Profit (S$b) 7.9 0.58 0.57 7.7 7.2 0.52 0.50 0.49 6.7 6.5 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 (COVID-19) (COVID-19) 3 |
Slide 4: Strong Order Book Provides Revenue Visibility
2021 In Review – Financial Overview Strong Order Book Provides Revenue Visibility • $11.7b new contract Order Book (S$b) wins despite COVID-19 19.3 challenges • Order book of $19.3b as at 31 Dec 2021 15.3 15.4 • ~$6.6b to be delivered 13.4 13.2 in 2022 2017 2018 2019 2020 2021 4 |
Slide 5: Resilient Against COVID-19 Impact
2021 In Review – Key Initiatives Resilient Against COVID-19 Impact Set 2026 Strategic Goals Focused on Sustainability Strengthened Technology & Innovation Maintained Disciplined Cost Management Operationalised New Organisation Structure 5 |
Slide 6: Strengthened Core Enablers
2021 In Review Strengthened Core Enablers Operationalised new organisation structure Maintained disciplined cost management ~ + $230m ~$350m ~ - $150m* Strengthened leadership bench Govt support Reduction in Cost savings + in 2020 Govt support partial biz in 2021 recovery Notes: Above figures denote
Slide 7: Augmented our Foundation
2021 In Review Augmented our Foundation Strengthened technology and innovation Focused on sustainability Growing Partnerships & Seizing Opportunities Enabling Our Customers Doing Our Part 50% Building Credibility & Managing Risk GHG 2030 7 |
Slide 8: Set 2026 Strategic Goals
2021 In Review Set 2026 Strategic Goals Sharpened focus areas 8 |
Slide 9: Continued to Invest - Build Capacity and Capture Value
2021 In Review – Commercial Aerospace Continued to Invest - Build Capacity and Capture Value Passenger-to-Freighter conversions MRO – long-term contracts Expanding capacity A320/A321 and A330P2F slots fully Secured multi-year contracts from booked through mid-2024 and 2025 Commenced construction of
Slide 10: Expanded Smart Mobility Business through US$2.68b TransCore Acquisition
2021 In Review – Urban Solutions & Satcom Expanded Smart Mobility Business through US$2.68b TransCore Acquisition Combined portfolio positions us as a Smart Mobility market leader • Comprehensive suite of Smart Mobility products • Strengthen commitment to sustainability – reduce traffic congestion a
Slide 11: Key Wins
2021 In Review – Urban Solutions & Satcom Key Wins Delivered 1st batch of 20 fast- Cellular backhaul wins to Mobility Rail contracts in Taiwan, Australia, Egypt charging electric buses connect remote and Romania to LTA communities Delivered fully electric Automated Guided Vehicles (AGV) and automate
Slide 12: Successes in the Global Market
2021 In Review – Defence & Public Security Successes in the Global Market U.S. Army’s Cold Weather All- Offshore Patrol Vessels (OPV) for UAE Navy Weapons & Munitions Terrain Vehicle (CATV) Awarded sub- contract by Abu Dhabi Ship Building for 4 Falaj 3-class OPV for UAE Navy 2nd Polar Security Cutte
Slide 13: Giving Back to Society
2021 In Review – Community Outreach Programmes Giving Back to Society Straits Times Toys for Tots ST Engineering MOVEment School Pocket Money Fund MRAS/ Halter Marine 3,301 employees 367,476km clocked $398,000 donated Homes in Need Upcycled Digital Gifts #StayMasked STEA San Antonio 13 |
Slide 14: Strengthening our Portfolio
Looking Ahead – Portfolio Management Strengthening Pursue growth our Portfolio opportunities in Smart Cities Cessations / Divestments Acquisitions Specialty Vehicles (China) Solidify leadership in Satcom Ground Segment Aircraft Interiors Pilot Training (US) (US) Pursue growth Strengthen core Aircraf
Slide 15: Our Ambitions
Looking Ahead – 5-Year Plan Our Ambitions 2026 targets Annual revenue to grow at 2 to 3 times Net profits to grow in global GDP growth rate to >$11b1 tandem with revenue Sustainability- linked revenue to grow to >$3b Commercial Aerospace to achieve >$3.5b Other Core in revenue Smart City revenue to
Slide 16: Strong Balance Sheet Provides Capacity for Growth, Supplemented by Diverse Funding Sources
Looking Ahead – Well Positioned for Growth Strong Balance Sheet Provides Capacity for Growth, Supplemented by Diverse Funding Sources Balance sheet remains strong Diverse funding sources Credit rating US$3b S$5b post-TransCore transaction U.S. Commercial Multicurrency Medium • Moody’s: Aaa (negative
Slide 17: Long-term Sustainable Value Creation for Shareholders
Looking Ahead – Commitment to Shareholders Long-term Sustainable Value Creation for Shareholders Annual TSR (%) YTD Stock Performance as at 20 Apr 2022 ST Engineering 9.6% 16.9 13.6 11.5 9.4 Straits Times Index 6.4% 2.4 0.9 New dividend policy: -6.4 -8.0 • Quarterly dividends from FY2022 onwards 201
Slide 18: Thank you
£"6 ST Engineering Thank you
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