Singapore Telecommunications Limited · SGX:Z74
Singapore Telecommunications — Singtel — Shareholder Meeting (July 2025)
19 slides from Singapore Telecommunications's shareholder meeting presentation, Jul 29, 2025
Slide 1: 33rd Annual General Meeting
33rd Annual General Meeting Yuen Kuan Moon, Group CEO 29 July 2025 1
Slide 2: One year on: Delivering market outperformance
One year on: Delivering market outperformance $4.07 FY25 TSR1: 42% ▲ 69% STI ▲ 28% MSCI ▲ 26% $2.41 23/05/2024 Today2 1. Total Shareholder Return (TSR) for period from 1 Apr 2024 to 31 Mar 2025. 2. As of 28 July 2025. 2
Slide 3: Strong FY25 performance
Strong FY25 performance EBIT (ex associates’ Operating revenue EBITDA contributions) S$14.1B S$3.8B S$1.4B Stable (Stable1) ▲ 5% (▲ 6%1) ▲ 20% (▲ 20%1) Regional associates’ PAT Underlying net profit Net profit (basis for core dividend payout) S$1.8B S$2.5B S$4.0B ▲ 4% (▲ 7%1) ▲ 9% (▲ 11%1) ▲ 405%2 (
Slide 4: Regional associates’ profit after tax
Regional associates’ profit after tax S$46M adverse impact from stronger SGD Higher profits driven by Profit after tax breakdown ▲ 4% (▲ 7%1) Thailand & India (%) by regional associates S$1,756M S$1,685M 13% Globe 13% Dividend contribution 26% S$1.3B AIS & Intouch 24% Airtel 26% 30% Positioned for g
Slide 5: Robust balance sheet
Robust balance sheet Net debt to EBITDA Cash balance Net debt & associates’ PBT S$2.8B S$9.4B1 1.5x (Mar 24: S$7.8B) (Mar 24: 1.3x) Average cost of debt ~3.5% Interest cover Fixed rate debt Average debt maturity ~4 years 18.1x 88% (Mar 24: 17.8x) (Mar 24: 88%) 1. Increase in net debt mainly due to s
Slide 6: Executing to strategy
Executing to strategy Singtel28 growth plan Delivering sustained value realisation 17.0¢ Total ordinary 15.0¢ dividends 9.6%1 9.3% Lift business Active capital ROIC performance management Underlying net profit (S$B) 2.3 2.5 Champion people & sustainability FY24 FY25 1. Underlying return on invested
Slide 7: Growing connectivity business
Lift business performance Growing connectivity business Best-in-class 5G+ network with differentiated offerings SG Enterprise winning deals in global connectivity with expanded digital solutions Regional network sharing Improving mobile ARPU ~S$250M cost savings in Singapore and Australia; Cumulativ
Slide 8: Scaling growth engines
Lift business performance Scaling growth engines Strong EBIT growth on improved delivery margins Extended Global Delivery Network via JV with Globe Presold capacity: ~80% for Thai DC1 and ~50% for DC Tuas1 in Singapore Launched RE:AI, a ready-to-deploy AI solution suite 1. Thai data centre (DC) was
Slide 9: Continued asset recycling
Active capital management Continued asset recycling S$1.9B asset recycling proceeds in FY25 Raised mid-term1 recycling target from S$6B to S$9B 1. Next 3 to 4 years. 9 9
Slide 10: Active value creation
Active capital management Active value creation Programmatic 2 Value Realisation Dividend (VRD) 1 Core 3-6¢/share annually dividend in medium term Between 70%-90% of underlying NPAT Higher returns 3 Value Realisation Share Buyback (VRSB) 3-year programme of up to S$2B 10
Slide 11: Committed to sustained dividend growth
Committed to sustained dividend growth Strategic reset Singtel28 Ordinary dividends declared (S ¢) ▲13% 17.0 14.9 15.0 3.3 VRD VRD 1.4 4.7¢ 5.0 3.8 9.3 Core 6.7 7.5 6.0 Core 4.8 5.3 2.4 dividend 12.3¢ 5.1 4.5 4.6 5.2 5.6 FY21 FY22 FY23 FY24 FY25 Interim Final Special 11
Slide 12: Singtel28 on track – the share price reflects it
Singtel28 on track – the share price reflects it $4.07 Annualised TSR2: 13% ▲ 65% Strategic Singtel28 reset announcement MSCI ▲ 36% STI ▲ 35% $2.46 $2.41 25/05/2021 23/05/2024 Today1 1. As of 28 July 2025. 2. Total Shareholder Return (TSR) for 3-year period: FY23-25. 12
Slide 13: >15 years of sustainability progress
>15 years of sustainability progress 2026 & beyond 2024-25 Sustainability by 2026 & beyon 1 year ahead of IFRS-based climate-related innovation, design & d regulatory disclosures enablement Governance, practices & stewardship 2021-23 2015-20 Net-zero target brought forward to 2045 Stakeholder impact
Slide 14: Climate change and environment
Leading in sustainability Climate change and environment Brought forward net-zero target to 2045 from 2050 14% reduction in scope 1 and 2 greenhouse gas emissions “A” score in CDP Climate Change disclosure Hougang Telephone Exchange 14
Slide 15: Community impact
Leading in sustainability Community impact Community investment of S$32.8M Singtel Touching Lives Fund raised ~S$3M Digitally enabled ~120K beneficiaries 10th Singtel Carnival 15
Slide 16: People and future of work
Leading in sustainability People and future of work ~S$20M training investment >820,000 training hours completed >11,000 employees trained in sustainability ~70% of workforce trained in fundamentals of AI Artist’s impression of Singtel’s new Comcentre headquarters 16
Slide 17: People and future of work
Leading in sustainability People and future of work 33% of employees & 31% of management are women Invest in employees' physical and mental wellbeing 17
Slide 18: Anchored in stability, positioned for growth
Anchored in stability, positioned for growth Resilient cash flows Healthy balance sheet • Stable & diversified cash • All foreign currency debts are generation; no direct impact fully hedged from tariff war • Well-positioned for a benign • Cost efficiencies interest rate environment Growing dividend
Slide 19: Singtel
Singtel