Singapore Technologies Engineering Ltd · SGX:S63
Singapore Technologies Engineering — Shareholder Meeting (April 2026)
23 slides from Singapore Technologies Engineering's shareholder meeting presentation, Apr 23, 2026
Slide 1: 29th Annual General Meeting
29th Annual General Meeting Vincent Chong Group President & Chief Executive Officer 23 April 2026
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: Aspiration and Corporate Purpose
Aspiration Become a Global Technology, Defence and Engineering Powerhouse Corporate Purpose Harness Technology and Innovation to enable a more secure and sustainable world 3 |
Slide 4: Financial Year 2025 Highlights
“ Financial Year 2025 Highlights In 2025, the Group continued its consistent delivery of strong underlying performance, “ reflecting its solid foundation and resilience. 4 |
Slide 5: Delivered strong underlying performance
2025 in review Delivered strong underlying performance Revenue (S$’b) EBIT (S$’m) Net Profit (S$’m) 2 2 12.3 9% BOP1 1,244 16% BOP 851 1 21% 11.3 1,076 10.1 702 915 586 905 Reported 463 Reported 2023 2024 2025 2023 2024 2025 2023 2024 2025 Divestment gains & impairment losses 5 | 1 Base Operating Pe
Slide 6: Strong contract wins and order book
2025 in review Strong contract wins and order book Order Book (S$’b) Highlights 15-years LEAP-1A Engines MRO Contract 33.2 16% – Asian airline Order 28.5 book 27.4 First Tolling Contract in Australia – Sydney’s New Western Harbour Tunnel 18.7 14.8 49% Contract Contract Next gen Infantry Fighting 12.
Slide 7: Revenue growth from all Segments
2025 in review Revenue growth from all Segments Commercial Aerospace Defence & Public Security Urban Solution & Satcom Revenue ($’m) Revenue ($’m) Revenue ($’m) +8% +14% 5,334 4,986 +4% 4,935 4,384 2,026 1,957 2024 2025 2024 2025 2024 2025 7 |
Slide 8: Portfolio Management – Divestments
2025 in review Portfolio Management – Divestments LeeBoy CityCab SPTel STARCO Total Effective Date of Sep 2025 Sep 2025 Nov 2025 Dec 2025 Divestment Net Cash Proceeds $329m $115m $146m $115m ~$705m (after tax) Divestment Gains $97m1 $77m $79m $48m1 $301m2 (after tax) • 2026 EBIT reduction y-o-y due
Slide 9: Satcom: iDirect group Turnaround & Outlook
2025 in review Satcom: iDirect group Turnaround & Outlook Revenue Outlook Cost Outlook Secured commercial and defence orders in key Cost actions of ~$43m annualised savings markets including Europe and Saudi Arabia to achieved in 4Q25/1Q26, savings accruing deliver y-o-y revenue growth in 1Q26 Plann
Slide 10: OPEX/Revenue continues to improve
2025 in review OPEX/Revenue continues to improve OPEX/Revenue (%) 12.1 • Productivity and Continuous 11.4 Improvement Programmes contributed to lower OPEX/revenue 10.6 ratio of 10.2% 10.2* 2022 2023 2024 2025 10 | *Note: Excl. one-off iDirect impairment loss
Slide 11: Improved credit metrics
2025 in review Improved credit metrics Total Borrowings (S$’b) -7% 6.5 -5% • Total borrowings dropped by 17% -17% 6.1 YoY to $4.8b as at 31 Dec 2025 5.2x 5.8 • Gross Debt/EBITDA (BOP) ratio 4.2x reduced to 2.7x in 2025 4.8 3.6x • Strong credit rating of Aaa/stable by Moody’s1 and AA+/stable by 2.7x
Slide 12: Strengthening employer branding & continuous community outreach
2025 in review Strengthening employer branding & continuous community outreach Rated Top 5 most attractive employer in Singapore by Engineering / Natural Sciences Students Improving lives Empowering lives Transforming lives through charitable gifts through education through Tech & Innovation ST Engi
Slide 13: Look forward – 2026 Highlights
Look forward – 2026 Highlights 13 |
Slide 14: Challenges and opportunities ahead
Look forward - 2026 Challenges and opportunities ahead Increased tensions • Supply chain disruptions • Inflation Geopolitics • International defence opportunities Accelerated tech cycles • AI-embedded products Technological • AI-enabled productivity Advances 14 | Opportunities Challenges
Slide 15: Impact of Middle East (ME) Conflict
Look forward - 2026 Impact of Middle East (ME) Conflict ❑ 1st Order: Immaterial financial impact based on current assessment ❑ 2nd Order: Evolving situation ❑ Continuing to monitor first and second order impacts 1st Order: Direct impact1 2nd Order: Indirect impact • FY25 ME revenue <3% of Group • In
Slide 16: AI, Technology & Innovation
Look forward - 2026 AI, Technology & Innovation Investing ~4 to 5% Composite Agentic AI CityAI materials SOC of Group Revenue annually in R&D Advanced Manned-Unmanned Smart Manufacturing Teaming (MUMT) Mobility 16 | Commercial Aerospace Defence and Public Security Urban Solutions & Satcom
Slide 17: AI plays to our strength
Look forward - 2026 AI plays to our strength AI-embedded Products AI Centre of Smart City C2 Ops Autonomous Security Excellence & Ops Hub Sys. & Robotics Platforms Ops Centre Translation Build-up Plan (upskill & new hires) 1,000 AI AI-enabled Productivity Developers 4,000 AI MRO Manufacturing Corpor
Slide 18: Pursuing opportunities in new ventures
Look forward - 2026 Pursuing opportunities in new ventures NH3 Next Gen Aero Marine Hydrogen Explore new tech Components Renewables opportunities (Ammonia) Painting Robots 18 |
Slide 19: Continuing our Yield-cum-Growth Journey
Look forward – Recap Targets Continuing our Yield-cum-Growth Journey 2029 Targets Strategy remains sound Results tracking targets Source: 2025 Investor Day Presentation 19 |
Slide 20: Dividends for FY2025
Shareholder returns Dividends for FY2025 To be approved by Final shareholders at AGM Distributed Dividend FY2025 final dividend: Interim 6 cents FY2025 6 cents per share Dividend per share interim dividend: FY2025 special dividend: 12 cents Special 12 cents 5 cents per share per share per share Divi
Slide 21: Dividends for FY2026
Shareholder returns Dividends for FY2026 FY2026 total dividend will be determined by the sum of i) 18 cents per share (FY2025 base ordinary dividend1), and ii) One-third of year-on-year incremental net profit per share (FY2025 BOP Net Profit of $851m as a base) The computation of the year-on-year in
Slide 22: Creating Value for Shareholders
Shareholder returns Creating Value for Shareholders Return on Equity (%) Total Shareholder Return (TSR%) 84% 4% 28.7% BOP 26.3% 23.8% 81% 29% 24% 24% 21% 4% 4% 16% 5% 20% 2023 2024 2025 2023 2024 2025 1 2 Capital Gain 1 Dividend Yield STI TSR Source: 1. ST Engineering Annual Reports 22 | 2. Bloomber
Slide 23: Connect with us
Connect with us Icon Icon Icon Description automatically generated Description automatically generated Description automatically generated Icon Description automatically generated www.stengg.com
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