Sats Ltd · SGX:S58
Sats — Q1 FY2027 Earnings Presentation
18 slides from Sats's earnings presentation, Aug 19, 2026
Slide 1: 1Q FY27 Business update
<Public> 1Q FY27 Business update 19 Aug 2026 <Public>
Slide 2: Forward Looking Statement - Important Note
<Public> Forward Looking Statement - Important Note This document may contain forward-looking statements. These statements are based on management’s current expectations, beliefs, and assumptions about future events, prevailing economic and market conditions and are subject to uncertainties and risk
Slide 3: Key Performance Highlights
<Public> Key Performance Highlights Highlights (YoY): 1Q revenue reached S$1.68B, up 11.3% • Cargo volume growth continued to outperform IATA for the quarter; with all regions recording growth • Continued new wins and renewals, including Air France-KLM in the U.S. and Qatar Airways Cargo in Belgium
Slide 4: Commercial & Operational Updates
<Public> Commercial & Operational Updates Delivering on Our Strategy New Wins M&A and Food People with Key Partners Infrastructure Solutions and Awards • Secured ground handling • Completed 40% upstake • Began inflight catering • GIH and MBCCS teams won two Red contracts with Air France- in Nanjing
Slide 5: Key Business Drivers
<Public> Subsidaries 100% AJVs Key Business Drivers Resilient growth across core operations despite geopolitical headwinds Cargo Tonnage Flights Meals Served Meals Served Number of in Tonnes Handled (Aviation) (Non-Aviation) Employees YoY % 1Q27 2.59M ▲ 8.6% 165.2K ▲ 4.0% 17.2M ▲ 5.5% 11.7M ▲ 20.0%
Slide 6: Cargo Performance
<Public> Cargo Performance Last 8 quarters - YoY growth by quarters vs IATA SATS (tonnes) Adjusted for comparability ^ IATA (CTK) 16.8% 15.3% 11.5% 12.0% • Cargo volumes +8.6% YoY, continuing to 9.8% 10.2% 9.4% 9.2% 8.6% outperform IATA. 7.9% 8.0% 9.4% 9.4% 6.5% 6.9% 4.7% • LFL growth: +4.4% organic
Slide 7: Financial Summary
<Public> Financial Summary Financials (in SGD millions) Performance Highlights All references are on 1Q YoY basis, unless stated otherwise. Group YoY 1Q FY27 1Q FY26 $ % Revenue 1,676.3 1,506.8 169.6 11.3 • $1.68B revenue +11.3%, driven by volume growth in cargo (+8.6%) and flights handled (+4.0%).
Slide 8: Revenue by Business Segment
<Public> Revenue by Business Segment Change (S$’M) 1Q FY27 1Q FY26 $ % By Business By Region By Business Cargo 893.1 780.7 112.4 14.4 +170 M +170 M Ground 436.2 397.7 38.5 9.7 1,676 1,676 Gateway Services 1,329.3 1,178.4 150.9 12.8 1,507 1,507 34% Aviation 235.7 233.2 2.5 1.1 53% Singapore 35% Non-A
Slide 9: Key Financial Metrics – At a Glance
<Public> Key Financial Metrics – At a Glance Revenue growth offset by margin pressure and lower SoAJV Key Financial Metrics Ratios Moody’s targets --- “+” indicates with SoAJV Profitability: $'M 1Q27 1Q26 Var % EBITDA margin (%) EBIT margin (%) PATMI margin (%) Revenue 1,676.3 1,506.8 ▲ 11.3% 18.2 1
Slide 10: Cash Flow Statement
<Public> Cash Flow Statement Operating cash flow lower YoY, mainly due to higher working capital changes Quarterly trend: Operating CF after lease $'M 1Q27 1Q26 var FCF 331.6 Operating Cash Flow 141.5 165.2 (23.7) Lease payment (118.3) (119.4) 1.1 Operating cash flow after lease payment 23.2 45.8 (2
Slide 11: Financial Goals & Ratios
<Public> Financial Goals & Ratios Profitability EBITDA EBIT Margin SoAJV PATMI Margin Margin Run-rate FY29 Target >20% >10% >S$150m >5.0% 1Q FY27 17.3% 8.0% S$108m * 4.5% FY26 18.1% 8.6% S$115m 4.5% FY25 17.8% 8.2% S$114m 4.2% * 1Q27 computed using LTM Progressing Towards Capital Management our FY20
Slide 12: Outlook
<Public> Outlook <Public> 12
Slide 13: Outlook
<Public> Outlook Navigating near-term uncertainty from a position of proven resilience Cargo Ground handling Food • Global cargo demand rose 8.5% in • Global passenger demand fell 1.7% in • Aviation demand, while impacted by ME June*, with growth recorded across all June*, driven mainly by domestic
Slide 14: Appendix
<Public> Appendix <Public> 14
Slide 15: Operating Statistics
<Public> Operating Statistics 1Q FY27 1Q FY26 YoY (%) Cargo Processed ('000 tonnes) 2,585.1 2,379.3 8.6 - APAC 806.6 743.5 8.5 - EMEA 1,038.6 959.9 8.2 • The Middle East conflict has disrupted activities at - Americas 739.9 675.9 9.5 certain stations, affecting cargo and flight flows, but rerouting
Slide 16: Group Segmented P&L
<Public> Group Segmented P&L 1Q FY27 Gateway Food Food + Gateway Others Total (S$’M) Services Solutions Revenue 1,329.3 346.0 1,675.3 1.0 1,676.3 EBITDA 255.0 48.9 303.9 (13.9) 290.0 EBITDA (%) 19.2% 14.1% 18.1% n.m. 17.3% EBIT profit / (loss) 113.7 35.9 149.6 (15.8) 133.8 EBIT (%) 8.6% 10.4% 8.9% n
Slide 17: Highlights
<Public> Highlights Resilient business growth amid global trade uncertainty, while Middle East disruptions weighed on margins Change (S$’M) 1Q FY27 1Q FY26 $ % Revenue 1,676.3 1,506.8 169.6 11.3 - Gateway 1,329.3 1,178.4 150.9 12.8 • $1.68B revenue +11.3% driven by growth in cargo volume (+8.6%) and
Slide 18: Group: Quarterly trending
<Public> Group: Quarterly trending Growth momentum sustained in 1Q27 Revenue EBIT YTDFY27 YTDFY26 YTDFY27 YTDFY26 1,676.3 1,506.8 ▲ 11.3% 133.8 125.2 ▲ 6.8% +169.6M (+11%) +8.6M QoQ (+7%) 1,506.8 1,572.1 1,645.1 1,622.0 1,676.3 +54.4M QoQ 157.4 151.4 (+3%) 125.2 133.8 +24.4M 109.4 (+22%) 1Q26 2Q26 3