Sia Engineering Co. Ltd. · SGX:S59
Sia Engineering — FY2011/12 Earnings Presentation
20 slides from Sia Engineering's earnings presentation, May 8, 2012
Slide 1: FY11/12 Performance Review
1 FY11/12 Performance Review
Slide 2: FY11/12 Performance Review (Operations)
2 FY11/12 Performance Review (Operations)
Slide 3: Aircraft & Component Services
Aircraft & Component Services FY11/12 FY10/11 ‘D’ checks 23 21 ‘C’ checks 110 113 ‘A’ checks* 486 457 * Performed in Singapore & Bahrain 24 New Contracts Mid-East J et 3
Slide 4: Line Maintenance
Line Maintenance +1.8% FY11/ 12 112,235 Flights handled at Changi Airport FY10/ 11 110,217 8 New Contracts 5 Renewed Contracts United Elite 4
Slide 5: New Station: San Francisco
Line Maintenance Network USA SEUS China PAPAS Vietnam SAAM Philippines A+ • 7 Countries Singapore SIAEC • 28 Airports Worldwide Indonesia PT JAE • Over 80 Airline Customers • 650 Flights Round the Australia Clock (24-Hour Ops) AMSA 5 New Station : San Francisco
Slide 6: Total Fleet Size of 160 Aircraft
Fleet Management - Fleet Type 106 Aircraft 29 Aircraft 9 Aircraft 11 Aircraft 5 Aircraft 6 Total Fleet Size of 160 Aircraft
Slide 7: 13 Customers in 10 Countries
Fleet Management Customers Singapore Australia 7 13 Customers in 10 Countries
Slide 8: Key Events: Strategic Customers
Key Events STRATEGIC CUSTOMERS J une 2011 SIA Cargo • Renewal of MRO Services Agreement • 5-year contract, $358 million value Nov 2011 Airbus • Total Support Package for 15 A330-300 • 6-year contract Feb 2012 Scoot • MRO Services Agreement • 2+1 year contract 8
Slide 9: Key Events: OEM Partnerships
Key Events OEM PARTNERSHIPS April 2011 SAFRAN • Official opening of J V’s new facility May 2011 Panasonic Avionics Corp • J V on IFE systems commenced operations. J une 2011 Aircelle • GTA for maintenance of nacelle and thrust reverser systems on A380, A330 & A340. Appointed as Authorised Repair Cen
Slide 10: FY11/12 Performance Review (Financial)
10 FY11/12 Performance Review (Financial)
Slide 11: Summary of Group Results
» Summary of Group Results COMPANY FY1112 FY1011 Variance $M $M % Revenue 1,169.9 1,106.9 + 5,7 Expenditure 1,040.3 971.2 7.1 Operating profit 129.6 1357 - 45 Share of JV & Assoc Cos' Profits 156.9 144.4 8.7 Profit before tax 303.1 296.1 2.4 Net profit 269.1 258.5 41 Net profit margin (%) 23.0 234 -
Slide 12: 4QFY1112 Group Results
» = 4QFY1112 Group Results COMPANY 4QFY1112 4QFY1011 Variance $M $M % Revenue 316.5 272.0 16.4 Expenditure 284.0 241.4 17.6 Operating profit 32.5 30.6 6.2 Share of JV & Assoc Cos' Profits 38.5 33.5 14.9 Profit before tax 75.6 67.9 11.3 Net profit 66.3 60.9 8.9 Net profit margin (%) 20.9 22.4 - 1.5 p
Slide 13: Breakdown of Group Revenue
Breakdown of Group Revenue 13
Slide 14: Group Expenditure
» Group Expenditure COMPANY FY1112 FY1011 Variance $M $M % Staff costs 471.2 4529 + 40 Materials 219.0 223.9 2.2 Subcontract costs 169.3 126.8 33.5 Overheads 180.8 167.6 7.9 Expenditure 1,040.3 971.2 7.1
Slide 15: Profit Contribution
>= Profit Contribution COMPANY FY1112 FY1011 Variance $M $M Operating Segments Repair & Overhaul 45.5 41.2 Line Maintenance 84.1 94.5 129.6 135.7 JVs and Associated Cos Engine Overhaul and Component 141.2 Others 15.7 156.9
Slide 16: SIA vs Non-SIA Revenue
>= SIA vs Non-SIA Revenue COMPANY SIA Non-SIA $M $M SIAEC 604.5 482.2 % of non-SIA work 44% Subsidiary Cos 49.5 69.3 % of non-SIA work 58% JV & Associated Cos - Engine Overhaul and Component 2,406.6 - Others 263.6 2,670.2 % of non-SIA work 78% Combined revenue 3,221.7 % of non-SIA work 69%
Slide 17: Financial Statistics
>= Financial Statistics COMPANY FY1112 FY1011 Variance EPS (cents) 24.6 23.8 + 3.3 % Return on average shareholders’ funds (%) 21.1 20.1 + 1.0 pts As at As at Variance Mar 12 % Shareholders’ equity ($M) 1,254.3 - 3.7 Net asset value per share (cents) 114.3 - 43 Cash position (Grp) ($M) 497.9
Slide 18: Final Dividend
Final Dividend * * Inclusive of interim dividend of 6 cents per share paid on 29 November 2011. 18
Slide 19: Outlook
Outlook • Prevailing economic uncertainties & oil price volatility impact aviation industry • Demand for the Group's core businesses expected to remain stable in the near term • Cost and efficiency management continue to be key priorities • With our collaborations with strategic partners, the Group
Slide 20: THE END
THE END SIA ENGINEERING COMPANY
SIA Engineering Company — FY2011/12 Earnings Presentation on 6ix