20 slides from Singapore Technologies Engineering's earnings presentation, Nov 12, 2025
Slide 1: 3Q2025 Market Update
3Q2025 Market Update 12 November 2025
Slide 2: Disclaimer
Disclaimer The forward-looking statements in this presentation reflect the Company's current intentions, plans, expectations, assumptions and beliefs about future events as at the date of this presentation. Actual future performance, outcomes and results may differ materially from those expressed in
Slide 3: Agenda
➢Financial Highlights • Group Highlights • Business Segment Highlights Agenda − Commercial Aerospace (CA) − Defence & Public Security (DPS) − Urban Solutions & Satcom (USS) • Contract Wins and Order Book • Portfolio Management • Dividends • Outlook • Summary ➢Question & Answer Session Notes: • All a
Slide 4: Strong Revenue Growth of 9% y-o-y
Group Highlights Strong Revenue Growth of 9% y-o-y Revenue 9M2025 Revenue* $9.1b ▲9% y-o-y $’m +9% 9M y-o-y 9,058 8,302 • Strong growth in all segments +13% 3,142 3Q2025 3Q2024 2,782 3M y-o-y 9M2025 Contract Wins 1H2024 5,520 5,916 1H2025 $14.0b • $4.9b of contract wins in 3Q2025 9M2024 9M2025 4 | *
Slide 5: Revenue by Segment – Strong Growth in Comm Aero and DPS
Group Highlights Revenue by Segment – Strong Growth in Comm Aero and DPS $’m 9M2025 9M2024 Change Commercial Aerospace 3,633 3,285 ▲ 11% Defence & Public Security 3,981 3,644 ▲ 9% Excl. LeeBoy* 3,763 3,389 ▲ 11% Urban Solutions & Satcom 1,443 1,373 ▲ 5% Group 9,058 8,302 ▲ 9% Excl. LeeBoy* 8,839 8,0
Slide 6: Commercial Aerospace
Business Segment Highlights Commercial Aerospace Revenue 9M2025 Revenue $’m +11% $3.6b ▲11% y-o-y 9M y-o-y 3,633 3,285 • Strong Engine MRO and Nacelles 1,286 3Q2025 growth, partially offset by lower +22% 3Q2024 1,054 3M y-o-y Passenger-to-Freighter (PTF) revenue 2,347 1H2025 9M2025 Contract Wins 1H2
Slide 7: Defence & Public Security
Business Segment Highlights Defence & Public Security Revenue 9M2025 Revenue* $4.0b ▲9% y-o-y $’m +9% 9M y-o-y 3,981 3,644 1,334 3Q2025 • Excluding LeeBoy, base business +5% 3Q2024 1,273 3M y-o-y revenue grew 11% y-o-y • Contributed by all sub-segments 2,648 1H2025 9M2025 Contract Wins 2,372 $6.6b 1
Slide 8: Urban Solutions & Satcom
Business Segment Highlights Urban Solutions & Satcom Revenue 9M2025 Revenue $’m +5% $1.4b ▲5% y-o-y 9M y-o-y 1,443 1,373 • Driven by Urban Solutions 3Q2024 455 +15% 522 3Q2025 3M y-o-y 9M2025 Contract Wins $3.4b 1H2024 918 921 1H2025 • $1.1b of contract wins in 3Q2025 9M2024 9M2025 8 |
Slide 9: Strong Contract Wins and Order Book
Contract Wins and Order Book Strong Contract Wins and Order Book Contract Wins Order Book $14.0b $32.6b for 9M2025 as at 30 Sep 2025 (1H2025: $9.1b; 3Q2025: $4.9b) Commercial Aerospace $4.1b $2.8b Defence & Public Expected to be delivered in Security $6.6b 4Q2025 Urban Solutions & Satcom $3.4b 9 |
Slide 10: $4.9b New Contracts for 3Q2025
Contract Wins and Order Book $4.9b New Contracts for 3Q20251 3Q2025 Highlights • Multi-year Airbus A380 airframe heavy maintenance and cabin modification Commercial $1.4b • Engine MRO, Component MRO Aerospace • A330 P2F from an air freight provider • AI-powered 5G edge solutions, Data centre service
Slide 11: Divestment Gains Partially Offset Non-Cash Impairment Losses
Portfolio Management Divestment Gains Partially Offset Non-Cash Impairment Losses Divestment Gains: $258m1 Impairment Losses: ($689m) a) iDirect Group ($667m) b) JetTalk (Satcom-related) ($22m) Net Impact: ($431m)2 1 Include LeeBoy, SPTel and CityCab 11 | 2All figures are on an after-tax basis
Slide 12: Cash Proceeds from Divestments
Portfolio Management Cash Proceeds from Divestments Transactions Cash proceeds ($’m) 1 LeeBoy $335m 2 SPTel $145m 3 CityCab $114m Total: $594m 12 |
Slide 13: Ordinary Dividends for FY2025
Dividends Ordinary Dividends for FY2025 1Q2025 interim dividend: 4.0 cents per share 2Q2025 interim dividend: 4.0 cents per share Total FY2025 Declared dividends: 3Q2025 interim dividend: 4.0 cents per share 18.0 cents As communicated in March Payment date: 5 Dec 2025 during 2025 Investor Day Planne
Slide 14: Special Dividend & FY2025 Dividend Plan (Updated)
Dividends Special Dividend & FY2025 Dividend Plan (Updated) Unlocking value. Rewarding shareholders In line with the Group’s objective of sharing value Special realisation with shareholders The total Dividend dividend for Cash proceeds from divestments of $594m FY2025 will of 5.0 cents be 23.0 cents
Slide 15: 2025 Investor Day: Five-year Targets (2025-2029)
Dividends 2025 Investor Day: Five-year Targets (2025-2029) (Base year 2024) Strengthen Core Business | Pursue Growth Opportunities Targets exclude M&As and divestments Notes: 15 | 1. Average GDP growth rate over next 5 years as per IMF projection ~3.15% 2. CAGR: Compound Annual Growth Rate 3. Refer
Slide 16: Recap of Dividend Policy for 2026 and onwards
Dividends Recap of Dividend Policy for 2026 and onwards Dividend Policy (Effective for FY2026 and onwards) The Company is targeting further growth in revenue, operating cash flow and net profit with an objective to improve total shareholders’ return (TSR). It intends to re-invest for growth while re
Slide 17: Clarification of Dividend Policy for 2026
Dividends Clarification of Dividend Policy for 2026 FY2026 total dividend will be determined by the sum of i) 18 cents per share (FY2025 total ordinary dividend), and ii) one-third of year-on-year incremental net profit. The computation of the year-on-year incremental net profit shall exclude one-of
Slide 18: Group President & CEO's Message
Outlook Group President & CEO’s Message “ Our nine-month year-to-date performance was underpinned by robust revenue growth whilst our order book reached a new high. These strong underlying results reflect the strength and resilience of our business strategy and fundamentals. The Group’s recent dives
Slide 19: Summary
Summary 1 Strong revenue growth of 9% y-o-y in 9M2025 and robust order book of $32.6b 2 Divestment gains partially offset one-off impairment losses 3 Cash proceeds of $594m from divestments 4 Declared 3Q2025 interim dividend of 4.0 cents per share 5 FY2025 Dividend Plan - a) Final Dividend of 6.0 ce
Slide 20: Connect with us
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