Sia Engineering Co. Ltd. · SGX:S59
Sia Engineering — Shareholder Meeting (July 2022)
11 slides from Sia Engineering's shareholder meeting presentation, Jul 21, 2022
Slide 1: Annual General Meeting Presentation by CEO
ANNUAL GENERAL MEETING Presentation by CEO 21 July 2022 MRO of the year (Asia-Pacific) for 2021 and 2022
Slide 2: FY21/22 At a Glance
FY21/22 At a Glance On the path to recovery • Slow but steady recovery of flights • Gradual pace of recovery of flights, with stronger pick up in the second half • Group recorded a net profit • Underpinned by government wage support • Prudent cost management • Ramped up manpower recruitment to manag
Slide 3: Outlook: Promising pace of recovery
Outlook Promising pace of recovery 60.0% 55% 55.0% Flights 50.0% handled by SIAEC Line 45% 45.0% Maintenance (% of pre- Covid levels) 40.0% 35.0% 30.0% 29% 25.0% 22% 20.0% Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Rate of recovery of fli
Slide 4: Outlook: Airlines increasing flights and restoring aircraft
Outlook Airlines increasing flights and restoring aircraft for return to service PUBLISHED JUN 21, 2022 PUBLISHED JUN 02, 2022 PUBLISHED JUN 20, 2022 PUBLISHED JUL 03, 2022
Slide 5: Outlook: Challenges remain
Outlook Challenges remain Tapering off of government wage support - Recognition of wage support will end in July 2022 Macroeconomic factors - Economic fallout arising from the Russia-Ukraine conflict, leading to inflation in global markets and rising operating costs - High risk of recession - Supply
Slide 6: Transformation Phase 2
Transformation Phase 2 Gaining Momentum Scaling Up Lean Advancing Digitalisation Sustaining an and Technology Innovation Culture Increased Improved aircraft Greater value Productivity availability to stakeholders Job Time saved for Strengthened enrichment customers partnerships
Slide 7: Sustainability: Environment
Sustainability Environment Net Zero by 2050 Commitment to achieve net zero carbon emissions by 2050. Interim targets for 2030 will be set after review. Sustainable Aviation Fuel Electrification Successful trial conducted on engine tests Trial of electric vehicles in operational at test cell facility
Slide 8: Sustainability: Social and Governance
Sustainability Social Governance Training In our focus to upskill our employees Establishment of the Board despite the downturn, we have continued Sustainability Committee to exceed our training hours per employee Engagement Continual engagement with adopted charity Appointment of Chief organisation
Slide 9: Growth Plans and Achievements
Growth Plans and Achievements Expand breadth and depth of services Engine Services • Growth in engine services business with new contracts and investments in new capabilities and facilities • Opened our engine Quick Turn facility on 18 Feb 2022, with first LEAP-1B engine induction in May Component S
Slide 10: Strategic Partnerships – JV Portfolio
Strategic Partnerships – JV Portfolio Reshaping and strengthening portfolio in alignment with strategic goals 22 JVs Across 8 Countries (Total Revenue in FY21/22: S$4.8B) Airframe and Line Maintenance Engine and Component SIA Engineering SIA Engineering PT JAS Aero-Engineering Singapore Aero Engine
Slide 11: Thank you
Thank you MRO of the year (Asia-Pacific) for 2021 and 2022
SIA Engineering Company — Shareholder Meeting (July 2022) on 6ix