Sia Engineering Co. Ltd. · SGX:S59
Sia Engineering — FY2024/25 Earnings Presentation
28 slides from Sia Engineering's earnings presentation, May 13, 2025
Slide 1: FY2024/25 Review
SIA ENGINEERING COMPANY FY2024/25 REVIEW
Slide 2: Operational Review
SIA ENGINEERING COMPANY | OPERATIONAL REVIEW
Slide 3: Core Business
CORE BUSINESS Line Maintenance Base Maintenance Component Services Engine Services • 36 airports in 9 • 6 hangars in Singapore • 187 aircraft from 9 • CFM LEAP Quick Turn countries • 3 hangars in The customers under (QT) and Rolls-Royce Philippines Inventory Technical On-Wing Services Management • E
Slide 4: Line Maintenance
LINE MAINTENANCE Flights returned to near pre-pandemic levels • Number of flights handled in FY24/25 increased 8% compared to a year ago • Q4 flights handled caught up to 99% of pre-COVID volume • Flight recovery at the end of FY24/25 was 97%, an improvement of 3 percentage points year-on-year • Feb
Slide 5: Base Maintenance
BASE MAINTENANCE Steady MRO demand Singapore Base Subang Base (Malaysia) (Number) FY24/25 FY23/24 • Legacy aircraft - heavier work content • First hangar on track to be Light Checks* 656 773 and longer hangar stays operational in 2H 2025 Heavy Checks 75 89 • Ongoing supply chain challenges Other Dev
Slide 6: Component Services
COMPONENT SERVICES Increase in work volume from higher flight activities • Eaton Aero Services broke ground on new facility in Shah Alam in September 2024; expected to be fully operational by early 2026 Component MRO Services Inventory Technical Management Number of Aircraft FY24/25 FY23/24 A320 153
Slide 7: Engine Services
ENGINE SERVICES Increasing output • Aircraft Engine Services increased engine inductions by over 50% in 4Q FY24/25 despite supply chain disruptions • Ongoing efforts with OEM to mitigate supply chain disruptions, including module replacement and capacity optimisation • Doubled engine test capacity t
Slide 8: Key Customer Contracts
KEY CUSTOMER CONTRACTS Growth in third-party customers Line Maintenance Line Maintenance International Base Maintenance New New New Expansion of Service Coverage Renewals Component Services Extension of Service Renewals Engine Services New 8
Slide 9: Strategic Partnership Portfolio
STRATEGIC PARTNERSHIP PORTFOLIO 25 subsidiaries and joint ventures across 9 countries with total revenue of S$8B in FY24/25 • TES: Incorporated in February 2025 Engine and Component • SAESL: Capacity expansion ongoing at Loyang and Seletar sites for Singapore Aero Engine Eagle Services Asia Componen
Slide 10: Continuous Improvement
CONTINUOUS IMPROVEMENT Strengthening our core business, Bolstering resilience Enterprise Digitalisation CI Culture Operating and Programme System (EOS) Innovation • Established Launchbay Labs at Base • Progressive roll-out with pilot runs Maintenance Division • Introduced and launched “Be the at Lin
Slide 11: Sustainability
SUSTAINABILITY Increase adoption of renewable Energy-efficiency energy • Replacement of air-conditioning chillers • Expanded existing solar photovoltaic for three Hangars to more energy-efficient system at subsidiary in the Philippines central chilled water system in progress • Installation of addit
Slide 12: Financial Review
SIA ENGINEERING COMPANY FINANCIAL REVIEW
Slide 13: Summary of FY24/25 Group Results
SUMMARY OF FY24/25 GROUP RESULTS Revenue increased 13.8% year-on-year; Group profit improved 43.8% year-on-year FY24/25 FY23/24 Variance $’M $’M $’M % Group revenue 1,245.1 1,094.2 150.9 13.8 Group expenditure 1,230.5 1,091.9 138.6 12.7 Group operating profit 14.6 2.3 12.3 n.m. Share of pr
Slide 14: Analysis of FY24/25 Group Profit
ANALYSIS OF FY24/25 GROUP PROFIT +26.8 -14.2 $’M 139.6 30.0 +17.6 20.0 42.5M +12.3 97.1 Operating Impairments/ Other non- FY23/24 Share of FY24/25 Performance profits Write-offs of operating items assets# and taxation* # Impairments/Write-offs in the last FY consisted of write-off of net assets asso
Slide 15: Breakdown by Halves
BREAKDOWN BY HALVES Better performance in 2HFY24/25 Group operating Share of profits of associated Group profit profit and joint venture companies after tax ($’M) ($’M) ($’M) 139.6 118.6 101.0 97.1 # 14.6 2.3 FY23/24 FY24/25 Group Op Profit/loss FY23/24 Share of profits of FY24/25 JV & Assoc FY23/24
Slide 16: Analysis of FY24/25 Group Revenue
ANALYSIS OF FY24/25 GROUP REVENUE Revenue increased from sustained demand FY24/25 Airframe overhaul Engine and and line maintenance component $76.0M, 9.1% $74.9M, 29.0% 332.9 $’M 912.2 (27%) 836.2 Airframe overhaul $1,245.1M and line maintenance +$150.9M, 13.8% Engine and 332.9 y-o-y component 2
Slide 17: Analysis of FY24/25 Group Expenditure
ANALYSIS OF FY24/25 GROUP EXPENDITURE Lower rate of increase in expenditure FY24/25 Staff costs Material costs $27.2M, 4.7% $67.2M, 32.8% $’M 150.1 600.0 576.3 603.5 650.0 550.0 (12%) 204.9 400.0 450.0 350.0 272.0 204.8 (17%) 250.0 272.0 200.0 150.0 Staff costs 50.0 (22%) Material costs - (50.0)
Slide 18: Profit by Segment
PROFIT BY SEGMENT Improvement in operating profit from Engine & Component segment Airframe & Engine & Component Line Maintenance FY24/25 FY23/24 Variance FY24/25 FY23/24 Variance $M $M $M $M $M $M Group operating profit 27.2 32.9 5.7 (12.6) (30.6) 18.0 - Company 29.2 32.3 (20.5) (30.6) - Subsidi
Slide 19: Aggregate Revenue of Group Companies
AGGREGATE REVENUE OF GROUP COMPANIES (Company, Subsidiaries, Associated and Joint Venture Companies*) 10,000.0 $’M 9,027.0 9,000.0 9,000.0 7,921.1 1,012.0 8,000.0 8,000.0 6,730.6 892.0 7,000.0 7,000.0 5,506.9 685.9 6,000.0 6,000.0 5,000.0 4,287.4 537.1 5,000.0 4,000.0 4,000.0 450.6 8,015.0 7,029.1 3
Slide 20: Balance Sheet
BALANCE SHEET Increase in shareholders’ funds mainly from profits earned during the year, partially offset by dividend paid 31 Mar 25 31 Mar 24 Variance $’M $’M $’M % Total equity 1,720.4 1,687.1 + 33.3 + 2.0 Cash and bank balances 663.4 646.0 + 17.4 + 2.7 Net asset value per share 153.9 cents 150.3
Slide 21: Earnings per Share and Final Dividend
EARNINGS PER SHARE AND FINAL DIVIDEND Proposed final dividend of 7.0 cents per share FY24/25 FY23/24 (cents) (cents) Basic earnings per share 12.46 8.65 Interim Dividend (per share) 2.0 2.0 Final Dividend (per share) - Proposed 7.0 6.0 Total Dividend (per share) 9.0 8.0 • Earnings per share improved
Slide 22: Outlook
OUTLOOK i] £ ee wg Ca ve ihe) < n
Slide 23: FY24/25 at a Glance
FY24/25 AT A GLANCE 8% increase in flights Expanding geographical Integrating digital Strengthen our core businesses, handled against presence, growing solutions into focusing on processes, and FY23/24 capacity and capabilities how we work people to enhance operational resilience and efficiency Flig
Slide 24: Industry Challenges
INDUSTRY CHALLENGES 1 2 3 Geopolitical tension and Global supply chain Inflationary trade tariffs issues pressures 24
Slide 25: On the US Tariffs
ON THE US TARIFFS Background The US administration implemented a series of broad-based tariffs, including blanket duties of 10% on global imports and increased levies on goods from selected countries What this means for us • The impact from higher tariffs on our business, if any, is currently limite
Slide 26: Group Strategy
GROUP STRATEGY 1 2 3 Growing capacity and Strengthening our core Expanding geographical business, staying agile and MRO capabilities for new- presence ahead of the competition generation aircraft Key Endeavours in FY24/25 Framework Agreement with Xiamen Iport Added capabilities for cabin maintenance
Slide 27: Our Priorities Ahead
OUR PRIORITIES AHEAD 1 2 Pursue investments that further Safety and quality: our bolster our growth, underpinned top priority by a continual strengthening of our core business 3 Continue the phased rollout of EOS, eLITE, ETask and other digital tools, and leverage GenAI and machine vision, while fos
Slide 28: Thank you
Thank you SIA ENGINEERING CON
SIA Engineering Company — FY2024/25 Earnings Presentation on 6ix