Sats Ltd · SGX:S58
Sats — Shareholder Meeting (2024)
15 slides from Sats's shareholder meeting presentation, 2024
Slide 1: 51st Annual General Meeting
<Public> 51st Annual General Meeting <Public>
Slide 2: Creating value: Around the clock, around the world
<Public> Creating value: Around the clock, around the world STATIONS Cargo: 125 Ground: 111 Food: 33 2 <Public>
Slide 3: Team spirit: WFS globally celebrates 1st year with the SATS Family
<Public> Team spirit: WFS globally celebrates 1st year with the SATS Family 3 <Public>
Slide 4: We decided to embark on a journey to transform SATS into a global champion
<Public> We decided to embark on a journey to transform SATS into a global champion for enduring success and sustainable value Revenue 10.0 $10B Flat growth COVID years Sustainable growth $5.1B 5.0 $5B “Integrate” S$5.4B : 15.1% “Cruise” 2019 “Shock” “Take-Off” $2B CAGR: c.2.3% “Recovery” S$3.8B : 2
Slide 5: Our FY24 achievements - Stronger balance sheet
<Public> Our FY 24 achievements - Stronger balance sheet Refinancing to reduce cost of capital Portfolio high-grading • Inaugural A3 issuer rating by Moody’s Continued progress on portfolio realignment and non-core divestitures to recycle capital and enhance return on • First US$500M tranche 3.6x ov
Slide 6: Our FY24 achievements - Reinvestment in CAPEX
<Public> Our FY 24 achievements - Reinvestment in CAPEX Driving Growth Creating Value Increased cargo handling capacity by 60% in Establishing a network of factories and central Madrid with opening of fifth cargo terminal. kitchens in Bangkok, Tianjin and Bengaluru with leading food technology to bo
Slide 7: Our FY24 achievements – Commercial wins
<Public> Our FY 24 achievements – Commercial wins Growing our cargo market share Expanding food solutions across multi-channel • DSV long-term European gateway cargo handling contract networks in Liege Airport, Belgium • Regional eCommerce contract with SF Express Bolstering SATS’ curated portfolio
Slide 8: Our FY24 achievements – Recent moves to create growth & value
<Public> Our FY 24 achievements – Recent moves to create growth & value Restructuring of Gateway Services SATS and SF Group MoU Mitsui Partnership Reflects the strategic decision by SATS An MoU with SF Group, the leading New strategic partnership with to continue investing in Singapore express deliv
Slide 9: FY20 to FY24 Highlights: Steady recovery & growth post-acquisition
<Public> FY20 to FY24 Highlights: Steady recovery & growth post-acquisition Revenue ($’M) EBITDA+SoAJV ($’M) 891 5,150 356 1,941 1,758 970 1,177 173 72 94 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 EBIT+SoAJV ($’M) 354 PATMI ($’M) 168 238 56 20 (3) (27) (26) (58) (79) FY20 FY21 FY22 FY23 FY24
Slide 10: Transformation positions SATS for sustainable growth
<Public> Transformation positions SATS for sustainable growth FY20 FY22 FY24 Before COVID After COVID / Pre WFS Today Revenue $1,941M $1,177M $5,150M Highlights PATMI $168.4M $20.4M $56.4M (Last 12 Months) ROE 10.3 1.3 2.4 Dividend 6.0 cents - 1.5 cents +200% Dividend Yield * 1.9% - 0.6% Revenue gro
Slide 11: Environment Social Governance
<Public> As part of our transformation, we have reviewed our ESG goals and targets across our global network Environment Social Governance • Decarbonisation • Diversity & inclusion • Sustainable sourcing • Waste & packaging • Safety & security • Governance & business ethics • Human capital developme
Slide 12: ...with defined targets and activities for which we are accelerating
<Public> ...with defined targets and activities for which we are accelerating How we do it Targets Active player in… • Reducing GHG emissions through fleet electrification, chiller plant 50% Carbon neutral Net zero modernisation, and on-site solar capabilities Scope 1 & 2 by 2040(2) by 2050(3) • Sou
Slide 13: Clear strategic priorities to deliver value creation
<Public> Clear strategic priorities to deliver value creation Value Creation 1 2 3 Scaling We are delivering on our commitment to Driving operating restore profitability, and our three Rs: revenue for Rationalise leverage through sustainable cost efficiency portfolio 1. Repay loans business footprin
Slide 14: Transforming SATS into a global champion
<Public> Transforming SATS into a global champion For enduring success and sustainable value 10.0 $10B Flat growth COVID years Sustainable growth Revenue S$10B : 15% 2 Execute the integration of SATS and WFS to: CAGR: > 6% • Leverage recovery for margin expansion and bottom-line growth • Realise gro
Slide 15: 51st Annual General Meeting
<Public> 51st Annual General Meeting <Public>