Sbs Transit Ltd · SGX:S61
Sbs Transit — Shareholder Meeting (April 2019)
15 slides from Sbs Transit's shareholder meeting presentation, Apr 25, 2019
Slide 1: FY 2018 Results Summary
FY 2018 Results Summary 26th Annual General Meeting 25 April 2019
Slide 2: 2018 in Review
2018 in Review Full year 11 March 18 – 1 Apr 18 – New 18 Nov 18 – contribution Commencement Rail Financing Commencement from Downtown of Seletar Bus Framework for of Bukit Merah Line 3 Package NEL/SPLRT Bus Package 2
Slide 3: New Bus Packages in 2018
New Bus Packages in 2018 Seletar Bus Package Bukit Merah Bus Package • Commenced on 11 Mar 2018 • Commenced on 18 Nov 2018 • Contract period: 5 years • Contract period: 5 years • Comprise 26 bus services, which • Comprise 18 bus services included 2 new services • New Ulu Pandan Bus Depot • New Selet
Slide 4: 2018 Key Operational Statistics
2018 Key Operational Statistics Bus • 9 Bus Packages • 222 Bus Services, ↑ 14 from last year • 3,471 Buses, ↑ 225 from last year • 7 Bus Depots • 17 Bus Interchanges • 14 Bus Terminals Rail • 428 million passenger trips (↑ 20.2% YoY) • 192 Trains • 2 Train Depots • 78 Stations • Total rail distance:
Slide 5: Key Achievements
Key Achievements Land Transport Authority Annual Safety Convention 2018 Safe Rail Line of the Year (Excellence Award) – Downtown Line Safe Bus Operator of the Year (Excellence Award)– SBS Transit Bedok Bus Package Skills Future Employer Award Excellent Service Award 2018 – 1655 staff Nat
Slide 6: Financial Highlights
Financial Highlights ($'m) FY2018 FY2017 YoY % Revenue 1,383.6 1,191.7 191.9 16.1% Operating Costs 1,286.3 1,132.4 153.9 13.6% Operating Profit 97.3 59.3 38.0 64.0% Profit before tax 94.2 55.1 39.1 70.9% Net Profit 80.1 47.1 33.0 70.0% (cents) FY2018 FY2017 YoY % EPS 25.7 15.2 10.5 69.5% Dividend pe
Slide 7: Revenue
Revenue Increase by $191.9m or 16.1% FY 2018 FY 2017 $1,383.6m $1,191.7m Increase due to: Other Commercial Other Commercial Services Public Transport Services $189.6m $56.0m Services $58.3m or 4.2% or 4.7% Other Commercial $2.3m Services Public Transport Public Transport Services Services $1,135.7m
Slide 8: Operating Profit
Operating Profit Increase by $38.0m or 64.0% Increase due to: 2018 $97.3m $60.2m $37.1m Public Transport $34.3m Services 2017 $ 59.3m Other Commercial $3.7m $25.9m $33.4m Services Public Transport Services Other Commercial Services 8
Slide 9: Key Financial Ratios
Key Financial Ratios FY 2018 FY 2017 YoY Increase Operating Profit Margin (%) 7.0 5.0 2.0pts EBITDA Margin (%) 13.8 13.1 0.7pts Return on Total Assets (%) 7.4 4.4 3.0pts Return on Equity (%) 16.9 10.9 6.0pts 9
Slide 10: Revenue and Profit Trend
Revenue and Profit Trend Revenue ($'mil) Profit Attributable to Shareholders ($'mil) 1,600.0 1,383.6 90.0 1,400.0 80.1 80.0 1,191.7 1,200.0 1,098.7 70.0 1,023.9 1,000.0 951.0 60.0 50.0 47.1 800.0 40.0 600.0 31.4 30.0 400.0 20.0 14.3 16.7 200.0 10.0 - - 2014 2015 2016 2017 2018 2014 2015 2016 2017 20
Slide 11: Gearing Ratio and Capital Expenditure
(%) 200 155.6 Gearing Ratio 99.7 100 51.7 40.3 15.0 0 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 ($'m) 214.4 Capital Expenditure (Capex) 200 155.8 100 23.5 35.0 27.8 0 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 11
Slide 12: Dividend Per Share (DPS)
Dividend Per Share (DPS) FY18 DPS increase by 5.30 Cents or 69.7% 12.90 Dividend Per Share (in cents) Final Interim 7.10 7.60 5.05 3.95 2.70 2.70 2.30 5.80 1.05 1.05 3.65 1.65 2.35 1.25 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 12
Slide 13: Total Shareholder Return Last 5 Years
Total Shareholder Return Last 5 Years Total Return (%) Annual Compounded (%) 128.6 18.0 Per Share Increase in Share Price ( $1.315(1) to $2.700(2) ) $1.3850 Dividends Paid ( 2014 – 2018 ) (3) $0.3055 Total Shareholder Return $1.6905 (1) Closing Share Price for year ended 2013 (2) Closing Share Price
Slide 14: Focus for 2019
Focus for 2019 Full year contribution from Seletar & Bukit Merah Bus Packages Growth in bus fleet and services to meet enhance existing services and for new services roll-out Build future capabilities in On-demand Buses, Electric Vehicles (EV) and Autonomous Vehicles (AV) NEL mid-life upgrade and re
Slide 15: Thank You
oe Ses spsqransit